I sold some at 10,900 hoping it will fall again to rebuy in the 9000's as I purchased some around 10,300... Do you guys think another temporary slump will happen soon? Or cut my losses and rebuy now at over 11k?
I get confused about to how make money....when you sell some and buy in again how do you work out how much money youve made ? I bought come at 6000 then 8000 then 9000 just adding to my collection but never selling. It confusing me to know how much to sell and what amount to sell does this make sense any help would be appreciated
If you are confused about how to do that maybe you should read a few books about accounting, one of the most basic rules of accounting is that you sell the first product you bought, for example so if you bought 10BTC at 2000 and 10BTC at 3000 and you sell 12 BTC at 10000, then you first sell the first 10BTC you bought at 2000 for a profit of 80000 and you sell another 2BTC you bought at 3000 for a profit of 14000 and when you add the profits you get 94000.