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/biz/ - Business & Finance

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12361440 No.12361440 [Reply] [Original]

Can anyone explain why I LOST 600 sats in this trade? what the fuck

>> No.12361461

>>12361440
fees?

>> No.12361479

>>12361440
Because you're a bitch.

>> No.12361480

>>12361461
I don't know

>> No.12361501

>>12361440
>Pay fees when selling
>Pay fees when buying

>> No.12361508

>>12361501
Fees are a percentage. They can never make a positive trade turn negative.
Or can they?

>> No.12361524

>>12361508
>Fees are a percentage
Percentage of total purchase and sold. Not percentage of profit.

>> No.12361538

>>12361524
I'm literally retarded, thanks.

>> No.12361553

>>12361538
We know. That's why you're in the crypto market.

>> No.12361555

you fucking retard it's 600 sats lower because you paid a lower price
the abaolute state of biz

>> No.12361557

>>12361538
What is your main hold and how low do you think BTC will drop op?

>> No.12361564

you bought the same amount of link but used less btc to do so
how much weed have you smoked today OP?

>> No.12361565

>>12361538
tell me what project you have the most amount of money in right now.

>> No.12361570

>>12361555
kek this anon's right

>> No.12361591

>>12361564
>>12361555
Wait so I didn't lose any money??
explain

>> No.12361599
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12361599

>>12361555

>> No.12361600

>>12361440
Looks like you made a 600 sat profit. What's the problem here?

>> No.12361601

>>12361565
It is LINK of course.

>> No.12361604

>>12361440
hey pajeet

>> No.12361614

>>12361591
Are you high or something?

>> No.12361648

>>12361614
I'm just confused. Some people said I made 600 sats, you said I lost.

>> No.12361661

>>12361648
I literally said the opposite though.

This has to be bait so I guess I'm the retard who keeps replying.

>> No.12361666

>>12361648
You bought the same amount of LINK but you have more BTC left over. Its probably such a small amount that it doesn't show up in your balances

>> No.12361676

>>12361648
Dude, just go outside and socialize for a week, don't do much drugs in the meantime, then come back and look at the charts again.

>> No.12361681

>>12361666
I see, thanks.

>> No.12361688

>>12361681
How much BTC do you have?

>> No.12361693

>>12361480
there is your answer

>> No.12362242
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12362242

>> No.12362276

>>12361440

You are already in the hole once as soon as you make one trade and again when you sell. So the price must rise higher than those fees. The only people making money is the exchange sometimes.

0.00009820 * (1.001 ^ 2) Buy price times fee squared (because two trades are made) would put you at zero gain I guess. Any price higher would be profit. Either that or buy price * (1 + (fee*2)) I'm kinda tired so it might be wrong.

>> No.12362742

Lmaoooooo that’s the total of btc you use to buy ....

>> No.12362751

>>12361553
some people like to lose money

>> No.12363044

>>12362276
shouldnt you calculate the fee on the buy and the fee on the sell price separately?

>> No.12363058

OP jesus fucking Christ.

You sell for a +0.3%, in cryptos... not considering the fees.
What the fuck is wrong with you?

>> No.12363836

this thread is why biz is the best

>> No.12363873

>>12362242
Fucking kek someone please make a nicely cropped screencap of OP's utter retardation, and the many anons who didn't realize the error either

>> No.12363893

As a linkholder myself this is the best FUD I've seen.

>> No.12363907

>>12362242
That is great. lol

>> No.12363919
File: 146 KB, 613x640, CBAD0632-A87A-4A59-941E-1C888DF9F2B3.jpg [View same] [iqdb] [saucenao] [google]
12363919

>>12361681

>> No.12364294

>>12361666
he earned a gran total of 600 sats. i guess thats before fees

>> No.12364377

>>12361553
ahahahahahaha- hey wait

>> No.12364414

>>12361538
Welcome to /biz/ you'll fit right in.

>> No.12365477

>>12361601
This is some goooood FUD right here.

>> No.12365519

>>12361508
They can if the profit is smaller than what you paid in fees. So here's the math for your trade;
>20x0.001964=0.03928
>20x0.00197= 0.0394
((0.0394-0.03928)/0.03928))*100= 0,305% profit
So 3928-600 sats = X (don't feel like writing this all down now)
((X-0.0394)/100))*100 = -0.307%

>> No.12365520

>>12361508
>>12361601
This is the guy that tells me I don't understand how chainlink works when I tell him it sucks

>> No.12365539

>>12361508
>>12365519
If you're going to daytrade for miniscule percentages then atleast know what you're paying for in fees. Imo it's not worth it but do whatever you please.