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/biz/ - Business & Finance

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6671811 No.6671811 [Reply] [Original]

Serious question: Why is it buy low sell high? Shouldn't you be buying high so it's worth more?

For example if I bought 1 bitcoin when it was $20000 I'd have $20000 right now. On the other hand, if I buy 1 bitcoin today I'd only have $11000.

>> No.6671869

>>6671811
>Spend 20k have 1 bitcoin
>spend 20k today have 2 bitcoin

>> No.6671942

>>6671869
No shit idiot, but your two Bitcoin will only be worth $10k each, so you're worse off

>> No.6671946

>>6671811
It is. People are a lot more likely to want to buy the $20k BTC from the few people that were lucky enough to snipe them then all the shoddy sub-10k ones that litter the floor.

>> No.6671963

>>6671869

No that doesn't make sense. Let's say I bought 1 bitcoin when it was $20000, then I have $20000 worth of bitcoins. If you buy 2 bitcoin today, it would be worth $11000 each, or only $22000. So 1 of my bitcoins is worth almost 2 of yours.

You should absolutely be buying high, right? I don't see where I'm wrong.

>> No.6672141

>>6671963
Yeah these newbs don't know about price locking obviously.

>> No.6672210

bought 2 bitcoin at $19k.. price locked. I am still laughing at the crash and at you faggots

>> No.6672266

>>6671963
Even Americans can't be this dumb.

>> No.6672287

>>6672210
prove it larper

>> No.6672293

only if you lock in your price

>> No.6672309

oh shit we've been doing this wrong all along

>> No.6672316

this is copy pasta

>> No.6672332

>>6672266
>Calling other people dumb
>Doesn't understand how one Bitcoin bought at $20000 is worth more than one bought at $10000
The numbers are right there moron

>> No.6672335

>>6671869
But they are only worth half as much retard

>> No.6672347

>>6672266
This is why we need flags

>> No.6672354

Fucking moron. Mist be a nigger

>> No.6672369

>>6672141
suuuuuuuuuuuure

>> No.6672427

I'll sell you 2 bitcorns right now for $100

>> No.6672443

>>6671811
This is obviously bait. Fuck you OP.

>> No.6672583

i swear biz can't recognise a troll

>> No.6673113

>>6671811
I can honestly see an average crypto investor saying something this dumb.

>> No.6673211

>can't recognize bait
brainlets..

>> No.6673247

>>6673113
Most of them wouldn't be able to do the math.

>> No.6673328

Buy a ledger. Buy 1 BTC at $20k. Lock in price. BTC drops to $10k. you now have 2 BTC x $20k =$40k