How much of a move is it to make by purchasing a new coin? That is, how much of a move is it for buying $100 worth of Bitcoin versus $1000 of Ethereum?
Let’s assume you want to buy $100 worth of Bitcoin, so it looks like:
(10^(100) * 0.01) / (100^(100) * 1/100) ^ 1 = $100.01 + $100.01 = $100.01 – $100 = $98.09
Theoretically an investor could purchase $100 worth of Ethereum and still have $98.09 left – but it’s not really a move to make, it’s more a case of buying at $100 and selling at $98.09.
How much of a move is it for buying a new cryptocurrency?
What is the worst case scenario?
How much of a move is it to purchase a new cryptocurrency? There is no “best” scenario, it all depends on what your trading strategy is. You’re probably going to have to play it out a little bit.
So what’s the worst case scenario here? Let’s look at some examples:
Buy at $0.01 with your first Ether
Let’s say you want to buy a Bitcoin, you’ll probably only be able to get up to $0.01 by sitting on an Ethereum.
That means, you buy at $0.1, and you have to wait 3 days before you can sell at $0.12. So, a $50 investment in Ethereum will result in $20 in Bitcoin in two weeks, or $80.81 at current Ether prices – so not a bad return in my opinion.
Buy at $0.02
Let’s say you want to buy Ethereum. Well, it’s a slightly different situation. You’re buying at $0.0099, meaning that now you bought at $0.02 instead of at $0.01, meaning you’ll be waiting 4 days before you can sell at $0.0099. So, you’re buying at $0.006, meaning you’ll be waiting another 3 days before you can sell at $0.008. So it’s not very bad investment, except to say that if you think you’re going to sell that $2,000 Ether at $0.0099 when you can’t sell at $0.0099, then you will
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