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$? Ignoring fees/gas etc.
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If I bought one apple for 1$ and over night the apple price doubled, I could sell my one apple for 2$ tomorrow. Ignoring taxes, that is.
You should probably have a look at basic math if you want to buy cryptocurrency.
What does ‘the price of bitcoin doubles’ mean?
