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/biz/ - Business & Finance

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8094374 No.8094374 [Reply] [Original]

Be honest how many times have you done this

>> No.8094383

20

>> No.8094386

WOW, DEEP BRO

you have to go back.

>> No.8094387
File: 100 KB, 500x334, brushie brushie.jpg [View same] [iqdb] [saucenao] [google]
8094387

>>8094374
Wasn't in sats, doesn't count.

>> No.8094416

>>8094383
*brainlet img*

>> No.8094417

>>8094374
He lost 20$

>> No.8094425
File: 143 KB, 1191x1684, __remilia_scarlet_touhou_drawn_by_sasa_kichi__0e931e419910ad2ef269cb2218dbcea7.jpg [View same] [iqdb] [saucenao] [google]
8094425

20, or am I retarded? What's the joke.

>> No.8094442

Where can I buy goat

>> No.8094447

>>8094374
18,5$ considering he paid 0.5% fee

>> No.8094470

>>8094374
10

>> No.8094503

>>8094425

He could have held and sold for $90 netting himself $30 dollars instead he sold for a profit of $10 then bought for $10 higher than he sold it for to sell again for a profit of $10. So he lost $20.

Yes, you're retarded but don't worry about it your mother still loves you...(?)

>> No.8094515

>>8094374
70-60= 10
70+10 = 80
80-70 = 10
10

>> No.8094531

So, i have 100 bucks. Buy 1 Coín, remaind 40. Sell the Coín. 70+40=110. Buy antoher at 80 ( got 30 ), sell for 90 +30 = 120
I won 20 bucks

>> No.8094532

>>8094374
>newfag buys butt coin at $60
>sells when it hits $70
>he made $10
>price keeps going up
>FOMOs in at $80
>sells at $90
>made a total of $10
>if he had held his link for another year it would have been $1000 per coin
>instead he listened to the FUD

>> No.8094540

>>8094503
He didn't lose anything and he didn't gain anything... but on the other side he lost paying fees for trades...

>> No.8094550

>>8094374
He made (1+1/7) * (1+1/9) * (Initial investment)
:^)

>> No.8094555

Have 60 buy 60 = 0
Have 60 sell 70 = 10
have 10 buy 80 = -70
have -70 buy 90 = 20

>> No.8094562

That's kind if funny when you think of it like that.

>> No.8094572

>>8094374
Costs: 140$
Gross profit: 160$
Net profit: 20$
no wonder you retards are going to get raped by the long audick of the IRS

>> No.8094580

>>8094374
30

>> No.8094585

>>8094555
sell 90*

>> No.8094612

He broke even. I'd like to this everyone here is just memeing and not actually this retarded, but I know better.

>> No.8094619

>>8094503
The question is how much he made, not how much he could have potentially made.

>> No.8094639

>>8094503

What if the next goat owner sells it to someone else for $60. Does that mean that the previous owner is now up 30 dollars all of a sudden?

Your logic is retarded.

>> No.8094644

>>8094383
Kys retard.

>> No.8094647

$10
>>8094572
retard

>> No.8094660

($90-$60) / 2 = $15

>> No.8094670

>>8094470

Literally the only right answer, how many of you fucks are actual brainlets.

First trade: $10 profit, second trade: -$10, third trade +$10

So 10 profit total.

>> No.8094674
File: 212 KB, 1218x1015, 1514144791570.jpg [View same] [iqdb] [saucenao] [google]
8094674

He turned 60 into 70 and then 80 into 90, total 20 profit.
Lmao at brainlets who say he lost money

>> No.8094679

Say he starts with $100.
100 - 60 = 40
40 + 70 = 110
110 - 80 = 30
30 + 90 = 120

Can someone tell me what the fuck is wrong with this logic? He makes $20 fucking dollars.
Also, someone cap this thread with a /biz/ - Business & Finance caption.

>> No.8094687

>>8094540
This.

>> No.8094699

>>8094619
Correct. Missed potential profit isn't part of the equation.

>> No.8094700
File: 219 KB, 500x600, __soga_no_tojiko_touhou_drawn_by_six_fnrptal1010__d72ef9ae61c710b2c69aad56842aa811.png [View same] [iqdb] [saucenao] [google]
8094700

>>8094503
So in your world if you miss opportunity to make money you actually lose money?

Bet you have already lost billions because you didn't trade perfectly.

Wait, that's not how the world works.

>> No.8094708

Start with 60
Buy coin, now 0
Sell coin, now 70
Buy coin, now -10
Sell coin, now 80

20 dollar profit, retards

>> No.8094717

>>8094383
this, If you think he lost money because he buys something at 80 after selling it for 70 you don't understand the point of trading...

nowhere did that image state this guy only owned 60 bucks at the start

so let's assume he did have more capital, like 100

he bought for 60, has 40 left, sells for 70, has 110 now, buys back for 80, has 30 left, sells for 90 now he has 120 left

started with 100, now has 120, that's a 20 bucks profit.

>> No.8094722

>>8094679
Its a bait/brainlet thread. OP knew this would happen because /biz/ has almost the lowest IQ of 4chan

>> No.8094734

>>8094515
Input: 80 + 60 = 140
Output: 90 + 80 = 160
Net gain: 160 - 140 = 20

>> No.8094742

>>8094374
He made 20 bucks.
But could've made 30 bucks if he bought and hodl.

This is why trading never works and warren buffets hodl technique always works.

>> No.8094746

Ok I'll try again
initially he had 60
then he sold for 10 dollar profit so he has 70
then he bought when it was 80 and it says he bought a coin so I assume he bought a whole coin so he must have spent another 10 to make it 80
then he sells for another 10 profit so yea he made 20 overall

>> No.8094774

His net gain is $10. He has $10 more than what he started with

>> No.8094777

>>8094619

No that's true - my $30 wouldn't have been potential though - the glass is full, half air half water...

>> No.8094778

>>8094742
if you never sell you never make profit, that same goat/coin could have kept the price of 60 if he never traded it, or went below (as it gets older :P)

>> No.8094784

>>8094503
Based off this logic, he only lost $10... But this logic is retarded anyway. He made $20

>> No.8094794

>>8094374
$20. anyone who says otherwise is retarded or going through mental gymnastics with opportunity costs or fees just to be contrarian. It's literally just 2 round-trip trades for $10 profit each time.

>> No.8094797

>>8094374

I'm not sure I'm getting the joke, unless it's that he should have held on and sold for 90 in a single transaction.

But the answer to your question.

Transaction 1:
Return (70) - cost basis (60) = 10

Transaction 2:
Return (90) - cost basis (80) = 10

Total return = 10+10 = 20

I'm not going to argue coins, but with stocks there are several reasons why he would have done it this way.

For example... let's say the goat has earnings coming up and he's not sure how the goat market is going to react.

So he sells the goat for 70. If the price of goats were to drop to 50, it was good if he got out. If the price of goats goes up to 90, then it's bad that he got out but he's still booking profit.

But... looking at it as though he "lost" 10 is a classic symptom of a problem gambler.

>> No.8094799
File: 11 KB, 217x225, 1470245091496.jpg [View same] [iqdb] [saucenao] [google]
8094799

>>8094722
kek, /biz/ is just full of sadists who either act like brainlets to rile people or try to convince people to make bad financial decisions with bad financial advise.

>> No.8094811

>>8094374
say he starts with 0 dollars, he buys for 60. he makes 60 dollar profit, then he sells at 70. thats 60-70. now he is at -10. he cant buy back because he has no money its a trick question

>> No.8094822

He sold twice profiting $10 each time so $20 total. This isn’t fucking rocket science.

>> No.8094825

>>8094778
You can sell. But sell later.
When you're out of the game.
Otherwise, why sell when you're still in the game?

Keep buying.

>> No.8094840

>>8094797
he spent the $10 he made on the first transaction though, then only gained $10 on the second
he made $10

>> No.8094841
File: 32 KB, 640x400, 1506651102342.png [View same] [iqdb] [saucenao] [google]
8094841

>>8094811
>say he starts with 0 dollars, he buys for 60. he makes 60 dollar profit

>> No.8094850
File: 329 KB, 496x654, Philosoraptor.png [View same] [iqdb] [saucenao] [google]
8094850

Ok, that's right, he made $20 of real mony.
BUUUT in some retard brainlet economic science way (((they))) want you to think that in overall operation he LOST $10, because he could HODL and sell it for $90 without making trades on 70 and 80. ((( they ))) don't like it when you trade. (((they)) like it when the money in one place, where (((they))) can easily observe them.

>> No.8094856

>>8094811
You're not the brightest star in the sky, are you?

>> No.8094860

>>8094700
Yes and that's called opportunity cost irl

>> No.8094862

>>8094811
If he starts with zero he can’t buy anything you fucking retard.

>> No.8094874

>>8094811
>this is what poorfag investors believe
Its ok, he took a day loan

>> No.8094879

>>8094841
>he doesnt create instantaneous money
stay poor non wizard

>> No.8094883

>>8094670
buying at 80 isn't a loss of 10 dollars you retard. It may be a potential loss (since he didn't hold) but it isn't actualized. The only two actualized profits are both for 10$, making a net profit of 20$.

>> No.8094886

n yeah, you can make more theorically if you sell the top and buy the bottom, but you aint no genius...

>> No.8094891

>>8094717
I can't believe there are actually anons on this thread who don't understand this. Multiple different ways of calculating it, but at the end he always made $20 profit. Average IQ of this board must be retard level with the number of people who don't seem to grasp that.

>> No.8094896

>>8094550
Inverse goat swap contract spotted

>> No.8094904

>>8094850
>doesn't understand opportunity cost
>thinks it's a jewish scam
I guess I shouldn't be surprised

>> No.8094908

>>8094886
the rest of the comment got deleted... guess the bogs dont want me to share this

>> No.8094910

How did he buy $60?

>> No.8094911

>>8094416
can't tell if trolling or genuinely retarded (you, not the anon who correctly said he made $20 profit)

>> No.8094920

>>8094374
10

>> No.8094922

>>8094910
binance

>> No.8094932
File: 100 KB, 440x615, 4E98E11D-A742-464F-9582-C9D941A08200.jpg [View same] [iqdb] [saucenao] [google]
8094932

>>8094374
This is not how things work you fucking children.

You can say holders of BTC since 2011 lost money because they didn’t sell every peak and buy on every low.

I hope you hindsighting, brainlet losers get fucked.

Post your 100x longs and shorts or keep your Monday morning quarterbacking bullshit to yourself.

>> No.8094936

>>8094374
He made 20 bucks, you can't buy $80 worth of something with $70 so there was more money.

>> No.8094943

>>8094840

I don't know if you're baiting me or if you're just clueless. If you're not baiting me, (and as someone else pointed out), you're in for a BIG surprise from the IRS.

My answer is the correct answer.

>> No.8094968

>>8094825

Because sometimes the goat dies.

>> No.8094972

>>8094943
>IRS
lmao

>> No.8094990

>the absolute state of/biz/

>> No.8095017
File: 23 KB, 1015x721, brainlet filter.png [View same] [iqdb] [saucenao] [google]
8095017

Go on

>> No.8095029

This whole thread is proves why you never take advice from /biz/

Full of void skulls.

>> No.8095034

>>8094612
So, how did he break even if he started with 60 and ended with 90?

>> No.8095036 [DELETED] 

depends how much he has in his pocket.

the man has 100 dollars in his pocket

he bought 60
kept 40
sold for 70
total = 110

he bought 80
kept 30
sold for 90
total=120

20 bucks profits

the man has 60 dollars in his pocket

he bought 60
kept 0
sold for 70
total = 70

he can't buy another for 80

the man has 70 dollars in his pocket

he bought 60
kept 10
sold for 70
total = 80

he bought 80
kept 0
sold for 90
total=90

10 bucks profits

>> No.8095065

>>8095017
$28 profit

>> No.8095071

>>8094708
this

>> No.8095076

>>8094943
My boss owns a farm.
He told me that he has to pay capital gains tax on the calves his cattle bear after they're sold
That's the biggest pile of bullshit ever, imho and I'm an urbanite
https://www.progressivecattle.com/topics/management/8218-tax-tips-for-cow-calf-producers

>> No.8095077

>>8095017

$28, minus transaction fees.

>> No.8095079

>>8095017
Input = 49
Output = 77
Gain is 28. Not sure how any of these are brainlet filters

>> No.8095080

>>8095029
Funny enough LINK is the most shilled shit in /biz/ wow talk about coincidences

>> No.8095088

>>8094383
kek

>> No.8095094

its 20 you fuckers.
the absolute state of biz

>> No.8095097

>>8095029

I really need to start my "two tens for a five" coin.

>> No.8095102

>>8095036
You're first and third answer should both be 20 dollars profit.

>> No.8095110

>>8095079
>>8095077
>>8095065
idiots, he spend $49 buying them in the first place
he's at -$21

>> No.8095119

>biz insists that they are more intelligent than Reddit
>this thread

>> No.8095126

the REAL question is why is always "a MAN buys"
is /biz/ really sexist?

>> No.8095135

people who say 10 buy chink scams like vechain

>> No.8095136

>>8095036
>the man has 70 dollars in his pocket
>total=90
>10 bucks profits
These are the people you get advice from.

>> No.8095139

>>8095110

OK, I'm convinced that this whole thing is bait. No one can be this bad at math.

>> No.8095141
File: 19 KB, 225x220, 1510456429694.jpg [View same] [iqdb] [saucenao] [google]
8095141

>>8095110
>negative money

>> No.8095142
File: 131 KB, 479x628, AbsoluteStateofBiz.jpg [View same] [iqdb] [saucenao] [google]
8095142

>>8095094
Now, now. You're part of the absolute state of biz.

>> No.8095145
File: 7 KB, 216x233, 4ab.jpg [View same] [iqdb] [saucenao] [google]
8095145

Reminder that brainlets iit are the ones you take advice from.

>> No.8095155

>>8095142
kek. why you fat fucks screenshot anything.
at least i noticed i made a mistake.

>> No.8095163

>>8094374
He forgot to pay taxes on the original sale at $70 so he gained $20 and lost his freedom

>> No.8095171

>>8095141
Yeah, it's called debt

>> No.8095186

Holy fucking shit this thread.

>> No.8095188

>>8095142
fuckin kek

>> No.8095200
File: 7 KB, 613x141, aaaaa.png [View same] [iqdb] [saucenao] [google]
8095200

>> No.8095205
File: 157 KB, 550x590, 38616525_p1.jpg [View same] [iqdb] [saucenao] [google]
8095205

>>8094860
Okay, let me educate you bastards, just this once.

There are many investment strategies, one of them is to buy and then hold. There are others too (shocking) like shitting your pants and selling everything when everyone panic sells, or having a monkey decide for you.

The best strategy is what makes the most money. The best strategy this time would have been to hold. Other time the monkey is better. But how can you know the best strategy? You can't, and that's the joke. Holding is only one of the millions strategies that just happened to be the best this time. Claiming that "he should have known to use the best strategy, and therefore he missed opportunity cost" is like claiming that if you don't trade every time with absolute perfection you are always losing. We know nothing about the economy where the goat or coin buying and selling happens, all we know holding could be seen has a stupid move there in general.

Learned anything today?

>> No.8095208

>>8094799
this is pretty much what it has come down to. WHAT ARE YOU FAGGOTS DOING? BUY LINK ITS GOING TO MOON TOMORROW!

>> No.8095210

never asshole

>> No.8095224

>>8094374
Oh my fucking god

I almost failed math abitur

First trade nets him 10 bucks

He LOSES those 10 bucks as he buys in again but makes 10 when he sells, so overall, a profit of 10

I sincerely hope that you all are larping as idiots and im the one falling for bait here, i really honestly do

>> No.8095236

>>8095200
What the fuck is this words?

>> No.8095246

>>8095017
77-49 = 28 profit

>> No.8095254

>>8094374
Jesus christ you're all so retarded. He made $20.
Each time he sold for more than he bought, aka each time he sold he made money. How are any of you concluding he lost money?

He could have made more just holding, but that's not what the question is asking.

>> No.8095257

>>8094374

It's 10

>> No.8095259

>>8095224

Come on. How does he "lose" the $10 when he buys the second time?

Pro tip... he doesn't.

>> No.8095261

>>8095142
Lol, it’s true

>> No.8095273

He made $90 you fucking idiots. Read the fucking post

>> No.8095281

10, even less because buying a goat you don't have to pay fees.

>> No.8095290

>>8095224
>overall, a profit of 10
Holy Christ on a fucking stick the absolute STATE

Ten anons! You all talk like fags AND your shits all retarded

>> No.8095309

>>8095259

Pro tip, he paid 10 dollars more than he sold it for

>> No.8095324

>>8095290

I tell you this much... I'm ready to buy a goat. I'm sure it's going to MOON!

>> No.8095331

>>8094374

He made 20. He just lost half of it due to weak hands.

>> No.8095341

>>8095224
You don't lose money when you buy, holy shit, loss/gain is determined by sells. He didn't lose anything, he just put in an extra $10...

Total money spent: $60 + $80 = $140
Total money earned: $70 + 90 = $160

Money earned is $20 more than money spent. HE FUCKING MADE $20.

>> No.8095348

>>8094374
The moral of this story is to hold
if he held he would of made $30 profit
instead he is a brainlet trader and only made $20

>> No.8095352

>>8094799
They are making people try to daytrade

If you are new to this - just buy and hold. Think before you buy, dont buy and then sell to buy something else. If you do that, you made a mistake in the first place. Buy and hodl and envision what it will be like once bitcoin goes to 100k. You 10xd by then. You will never again, in yiur lifetime, get the chance to 10x an initial investment. Put in what you can afford to lose, but only out it in once.

T. Sold 30k stellar i bought for 400 usd @ 15% profit

The same will happen to you, its inevitable. The wort loss is the profit you never took but 2018 is not the time to take profit if youre only starting now

>> No.8095373

>>8095309
Just means he put $10 more of his money in. That's not a loss. Oh my god I can't believe I take advice from this place.

>> No.8095374

>>8095142
/biz/ truly is the dumbest board

>> No.8095376

>>8095200
Do u have a link so i can learn the answer? Thanks

>> No.8095391

>>8095348
The real moral of the story is that biz is full of idiots that can't even calculate their gains properly.

>> No.8095397

>>8095341

There is nothing in the sentence that says he put in another 10 dollars of his own money
He literally starts with 60

You have to look at it as a single guy with 60 dollars trading with one man who has a goat, moron. it's 10

>> No.8095409

First Buy in @ $60.00
First Sell out @ $70.00
He made a total of $10.00 his first go around

He buys back in @ $80.00
(Mean he not only chipped in his $10.00 profit, but he had to chip in an additional $10.00, mean he is now down a -$10.00)
He sells at $90.00
(Meaning he broke even, as the $10.00 profit from $80.00-$90.00 means he cleared his -$10.00 to buy in at $80.00)

He actually made No money doing this

>> No.8095419

>>8095373
>put $10 of his own money in
>not a loss

:^)

>> No.8095433

>>8094774
Where does it say he started with 60? Are you assuming he went into overdraft or got a loan to pay for the second coin?

fucking retard brainlet. I hope you don't fucking day trade you stupid bastard.

>> No.8095435

>>8095391

Yep, you're going to have a bunch of people claiming they made money, but not sure why their accounts are now empty.

>> No.8095461

>>8095397

There's nothing to say that he put in his $60 initial investment either.

>> No.8095479

>>8095433
>Where does it say he started with 60

The place where it says he bought a fucking goat with it

>> No.8095488

>>8095409
Imagine being this retarded guys, please, just for a moment

>> No.8095495

because he bought a goat instead of bitcoin he lost around $10k

>> No.8095509

/biz/ sounds a lot like this famous Abbot & Costello routine:


https://www.youtube.com/watch?v=9udNrOh5DyA

>> No.8095517

>>8095419
Yeah, not a loss because he sold it for $10 more than the $80 he put in.
I don't care if he bought the goat for $1000 the next time, if he sold it after for $1010, that's a $10 gain.
Only on biz would people try and claim that selling higher than you bought is a loss. The absolute fucking state of this place.

>> No.8095524

>>8095076
His farming activity resulted in a net gain

Go to the forest chop down a tree and sell it

You now owe tax on that sum

We agreed on this system as a collective insurance against crime poverty and so on

If you disagree you can either

1. Get involved and change government spending (this is all politics is about and who tells you different is retarded, or an idealist, second is worse. A conversation in a bar = getting involved)

2. Keep working and
2.1 do nothing but silently hold a grudge against the jews
2.2 Optimize your taxes (become a student for lower tax etc)
3.2 Not pay tax you owe

4. Not work (collect benefits?)

5. Leave

Each of these options excludes all others and each is closely related to character types. Took me a while to understand

>> No.8095529

>>8095495
imagine if he produced a video game or a movie. he could have lost billions to piracy. BILLIONS!

>> No.8095553

>>8095017
7 Coins @ $7.00 each = $49.00 Cost
1st Coin he sells @ $8.00 (Equals a profit of $1.00 on one coin, but means he's still down $41.00 from his total buy in)
2nd Coin he sells @ $9.00 (Equals a profit of $2.00 on one coin, but means he's still down $32.00 from his total buy in)
3rd Coin he sells @ $10.00 (Equals a profit of $3.00 on one coin, but means he's still down $22.00 from his total buy in)
4th Coin he sells @ $11.00 (Equals a profit of $4.00 on one coin, but means he's still down $11.00 from his total buy in)
5th Coin he sells @ $12.00 (Equals a profit of $5.00 on one coin, but now he's turned his first true profit of $1.00 from his total buy in)
6th Coin he sells @ $13.00 (Equals a profit of $6.00 on one coin, but now he's up $7.00 from his total buy in)
7th Coin he sells @ $14.00 (Equals a profit of $7.00 on one coin, but now he's up $14.00 from his total buy in)

He's made a total of $14.00 bucks profit over his buy in of $49.00 for a total buying power of (now) $63.00

>> No.8095557

>make a thread with an obvious solution
>spend hours troll baiting people by "debunking" the obvious solution
>guaranteed 300+ post metathread

>> No.8095564
File: 58 KB, 600x600, Smug Pepe Ripple Coinbase.jpg [View same] [iqdb] [saucenao] [google]
8095564

>>8094374
I haven't sold any of my XRP. I just buy more at every opportunity. Make sure you're all-in on Tuesday.

>> No.8095571

>>8095557
>biz just "pretends" to be retarded heh heh, all an act

>> No.8095585

>>8095488
I messed up my math on that,
no biggie, I admit I was wrong. I added an extra 10 in round two by mistake

>> No.8095593

>>8095557

It just lays the ground for a new crop of investors in Billion Coin

>> No.8095594

>>8095509
wew

>> No.8095595

>>8095557
I'm sure there's people in here that are saying $10 and trolling, I'm also sure some biztards are actually retarded enough to think that.

>> No.8095604
File: 240 KB, 404x436, 1518043564631.png [View same] [iqdb] [saucenao] [google]
8095604

This is really sad guys, really. Lets do this together, try to follow along.

>have $100 in your wallet and no goat
>buy goat for $60
>have $40 in your wallet and one goat
>sell goat for $70
>have $110 in your wallet and not goat
>buy goat for $80
>have $30 in your wallet and one goat
>sell goat for $90
>have $120 in your wallet and no goat
>started with $100 in your wallet, now you have $120 in your wallet.

How much did you make?

(disclaimer: doesn't matter if you start with $100 in your wallet or $5000)

>> No.8095608

Id get it. Its 20

>> No.8095630

This thread is undeniable proof that reddit is superior to biz

>> No.8095640

I will never take advice from biz ever again. Shocked how many of you can't perform basic math.

>> No.8095691

>>8095640
I'm about to market sell my 100k LINK

>> No.8095694
File: 1.44 MB, 1321x2087, __remilia_scarlet_touhou_drawn_by_hiranko__35a447033b3b80d669afd4b9073a098f.jpg [View same] [iqdb] [saucenao] [google]
8095694

>>8095640
Just look at what kind of things people here enjoy posting and be surprised when most of them are retards.

Yea, I somehow thought too that it is not THIS bad, however.

>> No.8095706

>>8094742
Faggot you just have to always sell the top

>> No.8095713

50,000 cause he stayed at his job

>> No.8095736

I'd be interested in seeing the portfolios of all the people saying he didn't make a $20 profit to know which coins to avoid.

>> No.8095756

>>8095017
6 factorial

>> No.8095758

Why do I make it $10 profit without much thought?

I think I am right, you can fuck off.

>> No.8095768

60 dollars
+70 dollars =10 profit ( you now have 70 dollars)
NEW TRADE
-80 dollars = -10
+90 dollars = +10

10 dollars profit

Prove me wrong, pro tip you cant

>> No.8095777

>>8094374
A man buys a goat for $60
HODLs at $70, $80, $90, then the goat dies. He tells himself he should have learned how to make cheese and how to get the goat pregnant while he buries it.

>> No.8095789

>>8095768
That's what my brain did in seconds.

>> No.8095799

>>8094416
there are people this stupid who exist

>> No.8095802

>>8094515
Hello sir, I manage portfolio sir

>> No.8095813
File: 299 KB, 467x399, larry chasing dboi.png [View same] [iqdb] [saucenao] [google]
8095813

>>8094374
Say he starts with 100 dollars. He spends 60 to buy the coin, leaving him with 40. He then sells the coin for 70, bringing him up to 110 in total.
Afterwards he buys the coin for 80, leaving him with 30 dollars. He then sells it for 90, and by the end he has 120 dollars.

He made 20 dollars.

>> No.8095820

>>8094774
you have $60
buy a goat for $60
you have $0 left

sell the goat for $70
you now have $70

---

you have $70
buy a goat for $80
you now have -$10

sell the goat for $90
you now have $80

--------

you originally had $60
you now have $80

$80 - $60 = $20 profit

>> No.8095827

>>8094503
the question is how much money did he make, not how he could have made more money you dumb stupid fuck. kys immediately before you pass on your autistic genes

>> No.8095876

>>8095768
>>8095789

Fucking retards

fiat balance: 100
coin buy at 60
Fiat balance: 40+coin
coin sell at 70
Fiat balance: 110
coin buy at 80
Fiat balance: 30+coin
coin sell at 90
Fiat balance: 120

Profit: 20

>> No.8095882

>>8095820
You forgot taxes and transaction fees.

>> No.8095888

I have to agree with what someone else said.

We have 82 posters in this thread, probably half of them can'd do simple capital gains math.

This should be a warning that /biz/ is seriously retarded, and that anything they say in regards to money, crypto, gains, business, etc cannot be trusted.

I'm glad I read this thread. It's a cheap education.

>> No.8095892

>>8095768
even if he needs to take a loan he still has his $70 after paying it +$10 from the second trade..

>> No.8095907

>>8095827
Have $100
Spend $60, sell at $70
Have $40+$70=110
Spend $80, Sell at $90
Have $30+$90=$120
Have $120

>> No.8095912

>>8095553
kek

>> No.8095932

>>8094374
$200 because I use 10x leverage
However, if it fell by 10% I would get liquidated, so I only enter a long position during times where I feel it's safe to enter, like the bottom of a dip.

>> No.8095950

>>8094722
WE SRE NOT THE LOWEST11112!!11

PARTAAAAAAYYYYYY!!!!!?11!!!

>> No.8095955

Start with amount x

1. x - 60
2. x - 60 + 70 = x + 10
3. x + 10 - 80 = x - 70
4. x - 70 + 90 = x + 20

He has his initial amount x + 20$ of profits

>> No.8095965

>>8094708
>>8094679
the right answers brainlets

>> No.8095967

ITT: people who themselves believe to have high IQ and are underachievers "because they're lazy or unlucky", but can't even solve elementary math questions.
+20

>> No.8095988
File: 716 KB, 1600x1067, Goat.jpg [View same] [iqdb] [saucenao] [google]
8095988

>>8095967

Who also don't realize that they ARE the goat.

>> No.8095992

>>8095932
I borrowed 10 goats and sold them for $100 each then used that money to flood the market with imported goats lowering goat prices. Bought my original 10 back for $10 each and returned them to their owners.

>> No.8096000
File: 52 KB, 542x512, retarded wojak zoom.png [View same] [iqdb] [saucenao] [google]
8096000

>>8095882

>> No.8096014

>>8094742
>Implying it was the same coin
>Implying if it was the same coin it didn't loose 50% from $70 and go sideways for 2 years

>> No.8096020

This thread should be proof that /biz/ is full of brainlets and you should never listen to them.

fyi the answer is $10 profit, retards BTFO

>> No.8096027

>>8095907
that's what I was saying.

This is a troll thread?

>> No.8096090
File: 56 KB, 645x729, d27.png [View same] [iqdb] [saucenao] [google]
8096090

>>8096020

>> No.8096141

>>8094374
>Buy coin @$60= -$60
>Sell coin @$70= +$10
>Buy coin @$80= -$80 (-$10) = $-70
>Sell coin @$90= +$10
-------------------------
Total= +$10
-------------------------

>> No.8096183
File: 64 KB, 850x400, 1470370235054.jpg [View same] [iqdb] [saucenao] [google]
8096183

>>8095595
this. it's a mix of trolls and genuine brainlets.

>> No.8096189
File: 51 KB, 561x585, 1512639154882.png [View same] [iqdb] [saucenao] [google]
8096189

>>8095585
>having to calculate second grade math
The state of /biz/.

>> No.8096210

>>8096141
>90-70=10
hmmm

>> No.8096223
File: 134 KB, 334x393, 1502321590240.png [View same] [iqdb] [saucenao] [google]
8096223

>>8096141
kys

>> No.8096240

>>8095205
So, when do you take profit?

>> No.8096243

>>8094386
Redditors don't sell.

>> No.8096254

Absolutly embarrassing thread for /biz/

>> No.8096256

I'd be genuinely interested to know which shitcoins each poster ITT holds.
>inb4 LINK

>> No.8096259

>>8095259
Dude

>> No.8096260

>>8096210
He buys back in for $10 more than he sold at retard so -$10 from total profit.

>> No.8096269
File: 45 KB, 500x504, ohgodfather.jpg [View same] [iqdb] [saucenao] [google]
8096269

>>8096027
>This is a troll thread?
Of course it is ffs.
If you make $10 twice its $20, no matter what you are buying and selling, even if it's the same thing or something else.

Just chat shit and watch people get triggered.

>> No.8096274

>>8096260
-10 from 30 so he makes 20 not 10 you mong

>> No.8096298

>>8095341
Youre joking and i know it

>> No.8096310
File: 242 KB, 526x526, 099c40c08f6be98e6226ea4b31933de9.png [View same] [iqdb] [saucenao] [google]
8096310

I can tell literally none of you have a fundamental understanding of credits and debits. Simplified:

>Starting cash balance: $60

>D: Acquire $60 asset
>C: Lose $60 cash

>D: Acquire $70 cash
>C: Sell $70 asset

>D: Acquire $80 asset
>C: Lose $70 cash
>C: Incur $10 liability

>D: Acquire $90 cash
>C: Sell $90 asset

>D: Pay off $10 liability
>C: Lose $10 cash

>Ending cash balance: $80

"Potential" gains are not counted as a loss. Just because I could've made millions off the BTC I sold many years ago doesn't mean I get to deduct millions in expenses every year.

>> No.8096316

>>8096189
lol, I guess I should feel some type of way because I made an error?

I'm still human so errors are definitely going to be made by myself. lol you all must have miserable lives to try and shit on someone for making a mistake.

>> No.8096317
File: 103 KB, 986x965, Goat_Coin.jpg [View same] [iqdb] [saucenao] [google]
8096317

You know, I think you $10 people are just the sort of investors who are smart enough to invest in GoatCoin.

>> No.8096341

>>8096014
>Implying it was the same coin
"Then, he buys it back"

>> No.8096352

>>8096317
So he loses $10 right?

>> No.8096375

gl with your taxes. what a retarded thread

>> No.8096379
File: 45 KB, 474x531, wreck it ralph additionally.jpg [View same] [iqdb] [saucenao] [google]
8096379

>he didn't make a profit because he could have made 30 instead of 20
That's fucking stupid Anons

>> No.8096412
File: 122 KB, 600x600, 1519602015921.png [View same] [iqdb] [saucenao] [google]
8096412

>>8096316
>lol
Just stop posting.

>> No.8096417

Do you retards actually think that the fact that this is the same goat changes anything at all? Those are two separate trades, each netting $10.

>> No.8096445

>>8096417
it depends on how old the goat is and if it has good teeth

>> No.8096454
File: 30 KB, 386x455, 1415591250412.jpg [View same] [iqdb] [saucenao] [google]
8096454

>>8095509
Fucking geg

>> No.8096462

Gusy! I know, maybe he sold some goat cheese between the trades!

>> No.8096468

>>8096417

That's the advantage of GoatCoin. It has all of the advantages of a crypto (public immutable ledger, blockchain, smart contracts), but it's more stable because it is a goat-based currency.

Pretty soon, all crypto investors will be the goat.

>> No.8096485

>>8096412
lol's fine you pretentious dipshit.

>> No.8096488

>>8094374
0 dollars


60 --> sells for 70 = $10 profit

buys at 80 = loses his $10 profit and is now down $10

sells at 90 = he breaks even

>> No.8096511

>>8094374
>buy a coin for $60
>sell it for $70
>owe IRS $2 (20%) for short term capital gains tax
>buy back at $80
>sell it again for $90
>owe IRS another $2 for short term capital gains tax

the real answer is $16. even less if you live in a socialist state like california

>> No.8096541

To anyone who actually acts like an idiot. Keep going and make /biz/ the actual place for near-retardation. You already started it with all the Link shilling.

>> No.8096557
File: 22 KB, 403x448, 1519521313411.jpg [View same] [iqdb] [saucenao] [google]
8096557

>>8096417
Abstract reasoning

>> No.8096588

>>8096274
$20-10=$10
Not 30-10 you fucking brainlet.

>> No.8096638

>>8096511
Best post itt kek.

>> No.8096656
File: 477 KB, 900x643, a89a61dc8f94b3ee20097b2c9ffb1d6f.jpg [View same] [iqdb] [saucenao] [google]
8096656

>>8096240
Depends on the asset, but long time holding is good. Invest to something undervalued and solid.

>> No.8096677
File: 72 KB, 211x244, 1510474298546.png [View same] [iqdb] [saucenao] [google]
8096677

>>8096588

>> No.8096719

>>8096027
>This is a troll thread?

Sentient hemorrhoid, kys.

>> No.8096779

>>8096656
You mean its goat hurrr

>> No.8096802

>>8096488
This is the correct answer!

>> No.8097174

>>8096779
Whaa

>> No.8097192

>>8096488
You're like those kids at school that do algebra to show that 1 = 2.

>> No.8097300

31.25% of his initial investment you fucking retards.

>> No.8097333
File: 156 KB, 993x1024, 1510473144747.jpg [View same] [iqdb] [saucenao] [google]
8097333

>> No.8097385

>>8097174
long term holding is goat.

wasnt funny

which answer is correct now im questioning my sanity

>> No.8097388
File: 143 KB, 750x554, BIG_B_WOB.jpg [View same] [iqdb] [saucenao] [google]
8097388

>>8094374
he lost 10$
from just holding the goat

>> No.8097416

>>8097333
Ping pong ball side is heavier

>> No.8097420

>>8097333
Tips to the left

>> No.8097453
File: 402 KB, 600x600, __remilia_scarlet_touhou_drawn_by_naui_kudan__4ff88ccf01100c22a47287e7cb53e9ab.jpg [View same] [iqdb] [saucenao] [google]
8097453

>>8097385
If you are asking about the original question, he made 20$

>> No.8097501

>>8097388
Welcome on board billy

>> No.8097505
File: 811 KB, 1920x1200, 1499713867459.jpg [View same] [iqdb] [saucenao] [google]
8097505

>>8094374

>> No.8097524

>>8097333
Tips left

>> No.8097570

A man buying a coin for 60 and selling at 70 is 10 bucks profit.

The same man buying a coin at 80 bucks means he already has at least 70 bucks to begin with. Even if he didn't have 70 to begin with, he could have borrowed the difference from his initial value to the purchase price and can pay it back in full after each sell. The difference from each buy and sell will always give him 10 bucks.

Dumb ass niggas.

>> No.8097587

>>8094383
actual corect answer

>> No.8097600

holy fuck is this really the intelligence of /biz/ on display? i thought the redditors were brainlets but itt you faggots amplify it to the highest level imaginable.

selling for 70 gives him 10 bucks profit. buying back at 80 and selling at 90 gives him an additional 10 bucks profit. that's 20 dollars. what the fuck is wrong with you guys? get your shit sorted out or get the fuck out of crypto as fast as possible

>> No.8097681

>>8097600
That's because we don't know how much he started with you stupid faggot.
This is why my answer >>8097300 is the only correct one.

>> No.8097713

>>8097333
Tips right.
>>8097416
>>8097420
>>8097524
Fucking retards

The weight on the left bowl would be the weight of the water plus vase plus ping-pong ball (plus thread, ignored).
The weight on the right bowl would be the weight of the water plus vase plus the buoyancy of the steel ball (plus the buoyancy of the submerged thread, ignored). That buoyancy is the weight of an equivalent volume of water.
Since the ping-pong ball is lighter than water, the scale will tip to the right.

>> No.8097746

>>8094644
>>8094644

youre both mentally challenged

>> No.8097864

>>8097333
Tips to the left. Assuming the steel ball and ping pong ball are displacing the same amount of water, the mass of the ping-pong ball and its string are being pulled by gravity downward against the left side scale, while in the other vase, the mass of the steel ball and its string are exerting a force upon the stand they are suspended from, rather than the right side of the scale. More gravitational force on left side than right means the scale tips left.

>> No.8097946

>>8097864
fuck off retard, the buoyancy of the steel ball is the weight of an equivalent volume of water. Water is heavier than a ping pong ball, it tips right

>> No.8097995

>>8097570

Cringe. It's 20.

>> No.8098009

>>8097946
The buoyancy of the steel ball is irrelevant, since it's being suspended. Brainlet.

>> No.8098041

>>8094383
Correct answer

>> No.8098046

>>8098009
Consider a ping pong ball on the right instead of a steel ball. Will it sink if it's suspended? Of course not, it would float, there's still buoyant forces. lol kys

>> No.8098048

>>8097681

How much he started with is completely fucking irrelevant.

He bought and sold with a profit two different times. At no point did he sell into a loss.

>> No.8098059

ITT: brainlets who should just buy and hold btc

>> No.8098083

>>8096316
You didnt just make an error, you literally failed at 2nd grade maths retard

>> No.8098104

>>8098009
What a fucking brainlet

>> No.8098125

>>8098046
nice bait

>> No.8098188

>>8098125
no bait here just not a retard

>> No.8098240

>>8098125
Get a kitchen scale and find out you retard

>> No.8098275

>>8094374
For this to be possible u must assume a min starting balance of $70. If not he won't have the money to even make the 3rd transaction.
Tx1: buy coin $60, bal $10
Tx2: sell coin $70, bal $80
Tx3: buy coin $80, bal 0
Tx4: sell coin $90, bal $90
Profit after transactions $90 - $70 aka $20. So the only correct answer is $20 and it's bullish as fuck that all the dumb money ITT doesn't know this.

>> No.8098305

>>8094374
60 -> 70 = +10
80 - > 90 = +10
10 + 10 = 20
Now with that said, instead of selling the first time around the twit should have held a little longer.... he would be up 30. So in this case he would be up 30. So the person actually lost 10 dollars.

>> No.8098344

>>8098046
Correct, a ping-pong ball suspended from a string into a beaker of water would float. However, it also would be exerting a gravitational force due to its mass downward as it floats, against the surface of the water, and therefore the right side of the scale. If the left side were to then have a beaker filled with the same volume of water as the right side beaker, and no balls at all, the right side would then tip, until the length of string runs out and the ping-pong ball's mass is supported entirely by the string and not by the buoyant force of the water pushing it upward. Since the steel ball is already immersed in the water in this example and the string is fully extended, it is clear that the steel ball is exerting force upon the stand it is suspended from. Since the steel is more dense than water, there is no buoyant force pushing the water downward from the surface of the steel ball, so the only force acting against the right side of the scale in this example are the gravitational forces exerted against the mass of the volume of water on that side and its container. On the other side, however, you have the gravitational force of the same volume of water and container, plus the force exerted by gravity upon the mass of the ping pong ball and its string acting downward on the scale. Put simply, there is more mass supported by the left side scale than the right (due to the separate stand on the right from which the ball and string are supported), which is acted upon by gravity, creating more downward force on the left side.

>> No.8098346

What is happening in this topic, why is there an argument about this?

>> No.8098359

>>8098305

Realized profit is never a loss, this is why you are going to lose everything

>> No.8098422

>>8098305
Holding longer could also be riskier. What if the price would have tanked after the initial sale from $70 to a $40 coin? In that scenario he only made $10 but avoided losing $40(the $10 profit and the $30). Instead he made $20 on two short term trades, the $10 he lost for not holding is money well spent on risk reduction.

>> No.8098425

>>8095756
So he made 6*5*4*3*2? Did he just make 720 bucks with a $49 investment?

Wow. $28 a shit.

>> No.8098537
File: 55 KB, 960x510, CFVpP_bVEAA5CNv.jpg [View same] [iqdb] [saucenao] [google]
8098537

>These are the type of people advising me on major financial decisions

>> No.8098583

>>8095409
you forgot that he sells for 90 dollars. You basically calculate the loss and profit for each transaction, forgetting that he starts with 60.

it goes like this:
buy in @ 60
sell @ 70

total balance = 70 dollars

Buy @ 80
total balance = -10
Sell @ 90
total balance = -10 + 90 or 80 dollars
intital amount he began with= 60
ending total balance = 80
Profit -------
20 dollars

>> No.8098612

>>8098422
Then you are market timing which is as dumb as selling trying to turn a minimal profit just to get back in at a higher price?

>>8098359
If you buy back at a higher price then you are actually risking more than you initially put in... It doesn't matter on a previous profit unless you bought the same amount at the previous price.

>> No.8098740

>>8098344
>Since the steel ball is already immersed in the water in this example and the string is fully extended, it is clear that the steel ball is exerting force upon the stand it is suspended from. Since the steel is more dense than water, there is no buoyant force pushing the water downward from the surface of the steel ball
Just because it's more dense doesn't mean there is no buoyant force. The buoyant force takes off some of the weight that was supported by the tension in the string, since that tension is reduced, it has more weight. For the ping pong ball the buoyant force is counteracted by the tension in the bottom string, so the weight on the left side only increases by the weight of the ping pong ball.
In other words, the water displaced on the right side is heavier than the ping pong ball. Bing it if you don't believe it.

>> No.8098743

>>8094742
Yes hodl goy, while they dump on you
Good goy
But if hodl... where do you ever sell?
Oh never, you just want to stare at pixels on your screen for ever? Because that gives you pleasure knowing you may pull out funds but you won't

What about bitcorn? Hodl right, be strong
Buy at 18k hodl, goes to 20k
Oh 20k, that's nothing it can go more
Dumps, to 16k from 20
It'll go back
dumps more, and more
now to 6k
hodl XD
goes back up to 11k ( you are here )
hodl, goes to 18k break even point
Not selling, no profit now only break even
>dumps again
While you could have sold, and traded bounces netting small profits and saving your self
You, the retarded hodl fag think it is a strategy that works 100% of the time. When it only works well in retard bull market that never lasts

>> No.8098800

>>8098743
Just cause you fomo'd in at 18k and at a loss right now doesn't mean holding is bad. Your post is trash and you should be ashamed of yourself...

>> No.8098881

unless there's something massively obvious I'm missing (wouldn't be the first time, ha), and doing some back-of-a-cigarette-packet calculations:

Total cash value of GoatCoin Bought: $140
Total cash value of GoatCoin Sold: $160

Total Gross Profit: $20

I mean there's a lot of abstract considerations that might be made (the % return from the total spent or 20/140 * 100, which appears to be 14.28%, which I'd say is a very healthy return compared to, say, bank interest rates; then there's the timing of the transactions, since if they all take place in the space of an hour then that's more attractive than if they all take place over the course of a year, as it means the profits can be reinvested faster; also the profit is gross so any sort of expenses involved are going to eat into that, such as commission. Opportunity costs have also been fairly well covered over the thread.)

On the face of it though, that's a healthy return from a low cost, low risk investment. Should have bought SheepCoin though imo (in my opinion)

>> No.8098898

>>8098800
kys
implying i buy bitcoin in the first place
I'm in alts and been trading since 3rd day in this game
Made mistakes in the beginning but i've been making solid trades for a few months now, only profits baby

>> No.8098921

>>8098898
cool story lol

>> No.8098944

reminder (it's 10)

>> No.8099028

>>8098346
goats are serious business, lives depend on this. we have to figure this out

>> No.8099066

>>8098743
but 1 at 2k sell at 4k
doubled!
never goes back to 4k
buy 0.8 for 3.8k
sell at 5.5k
never goes back to 5.5k

>> No.8099583

>>8094374
he makes 30 you fool

>> No.8099619

>>8098583
yea, I fudged the math on the first question.
oh well, shit happens.

>> No.8099721

>>8098740
The water displaced is heavier than the ping pong ball, but that water is not present, because it's been displaced. It's been displaced by a steel ball which is exerting force upon a stand that is not seated on the scale, therefore exerting no force on the scale itself.

>> No.8099821

>>8094374
op im answering
...
...
he made infinite money

>> No.8100223

>>8098346
Some people are arguing about how how much money you miss can out on when trading.

Other people are arguing about basic math and can't understand that -60 + 70 - 80 + 90 = 20.

>> No.8100406
File: 127 KB, 353x400, 3b6.jpg [View same] [iqdb] [saucenao] [google]
8100406

>>8098612
>looking for an enter and exit points is dumb

>> No.8101419

>>8095409
>>8094417
>>8094416
>>8094470
>>8094515
To you, and many more in this thread: Thank you for your posts. You people are the reason I come here when I feel dumb. Always a relief.

>> No.8101525

This is it. I'm making an account on reddit. biz is over.

>> No.8101546

this thread was pretty embarrassing.
you're supposed to be smarter than plebbit and here you are proving you're the dumbest faggots around.
no wonder you fall for shit like appcoins and deep brain chain. retards.