If i bought 100$ (usd) worth of bitcoin (lets say the price of bitcoin is 1 per 100usd). If the price of bitcoin doubles that means it’ll cost 0.5 usd per 1 bitcoin?

And if i converted bitcoin to usd when the price doubles, then i’d get 200$? Ignoring fees/gas etc.

  • ~sunblocker
    4·
    3 years ago

    If I bought one apple for 1$ and over night the apple price doubled, I could sell my one apple for 2$ tomorrow. Ignoring taxes, that is.

  • Helix 🧬@feddit.de
    2·
    3 years ago

    You should probably have a look at basic math if you want to buy cryptocurrency.

    What does ‘the price of bitcoin doubles’ mean?