Post
Topic
Board Beginners & Help
Re: Can somebody answer my question?
by
Demator027
on 15/12/2013, 00:46:56 UTC
  Thats what I was telling them, their argument was this example that they made, that if I had bought 1 BTC for $200 and sold at $1100 then bought back around $800ish, that if Bitcoin went to $4000 per coin, than instead of having a profit margin of $3800 I would have a margin of $3200 on the original coin.


There cannot be discussion when even simple math cannot be agreed on  Wink

My thoughts exactly after reading the initial post. Smiley

No you aren't missing anything - I'm not sure why they're focused on profit per coin, instead of profit overall which is the only important metric. Smiley

I don't know either, Maybe their worried because im buying higher than my original price that its more likely to drop into a negative profit margin? I'd ask them but now they just say they're talking to a "Rock" And want to have their financial adviser talk to me. <.< Maybe I can have them read this thread or something.

-Edit Does anybody have a article or such that might help? Or maybe, Something that can compare Bitcoins to something they might understand? I know they understand a bit about bitcoins, But I don't think they really understand it that well, Which might be part of the problem.