I dont understand all the math here? one guy is saying nice $1000 profit and another post says you sold at $115 and rebought at $93. How did you make a profit if you sold 50 coins at $113? Also 50 coins is $5000usd whose rent is that much?
50*($115-$93) = $1100 profit
no he said he sold 50 coins last week at $113. so that money was in fiat. he was going to use that for rent. but then he said screw rent I can buy those same 50 coins back NOW at $93. So in no profit has been realized until he sells the 50 that he just bought at $93. When he sold at $113 he could have bought at $150, so that would have been a loss. is this correct to assume?
You are correct (well observed
, however OP did say he got most of his coins last November, so they where much cheaper.K.