Can anyone explain why I LOST 600 sats in this trade? what the fuck

Can anyone explain why I LOST 600 sats in this trade? what the fuck

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fees?

Because you're a bitch.

I don't know

>Pay fees when selling
>Pay fees when buying

Fees are a percentage. They can never make a positive trade turn negative.
Or can they?

>Fees are a percentage
Percentage of total purchase and sold. Not percentage of profit.

I'm literally retarded, thanks.

We know. That's why you're in the crypto market.

you fucking retard it's 600 sats lower because you paid a lower price
the abaolute state of biz

What is your main hold and how low do you think BTC will drop op?

you bought the same amount of link but used less btc to do so
how much weed have you smoked today OP?

tell me what project you have the most amount of money in right now.

kek this user's right

Wait so I didn't lose any money??
explain

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Looks like you made a 600 sat profit. What's the problem here?

It is LINK of course.

hey pajeet

Are you high or something?

I'm just confused. Some people said I made 600 sats, you said I lost.

I literally said the opposite though.

This has to be bait so I guess I'm the retard who keeps replying.

You bought the same amount of LINK but you have more BTC left over. Its probably such a small amount that it doesn't show up in your balances

Dude, just go outside and socialize for a week, don't do much drugs in the meantime, then come back and look at the charts again.

I see, thanks.

How much BTC do you have?

there is your answer

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You are already in the hole once as soon as you make one trade and again when you sell. So the price must rise higher than those fees. The only people making money is the exchange sometimes.

0.00009820 * (1.001 ^ 2) Buy price times fee squared (because two trades are made) would put you at zero gain I guess. Any price higher would be profit. Either that or buy price * (1 + (fee*2)) I'm kinda tired so it might be wrong.

Lmaoooooo that’s the total of btc you use to buy ....

some people like to lose money

shouldnt you calculate the fee on the buy and the fee on the sell price separately?

OP jesus fucking Christ.

You sell for a +0.3%, in cryptos... not considering the fees.
What the fuck is wrong with you?

this thread is why biz is the best

Fucking kek someone please make a nicely cropped screencap of OP's utter retardation, and the many anons who didn't realize the error either

As a linkholder myself this is the best FUD I've seen.

That is great. lol

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he earned a gran total of 600 sats. i guess thats before fees

ahahahahahaha- hey wait

Welcome to Jow Forums you'll fit right in.

This is some goooood FUD right here.

They can if the profit is smaller than what you paid in fees. So here's the math for your trade;
>20x0.001964=0.03928
>20x0.00197= 0.0394
((0.0394-0.03928)/0.03928))*100= 0,305% profit
So 3928-600 sats = X (don't feel like writing this all down now)
((X-0.0394)/100))*100 = -0.307%

This is the guy that tells me I don't understand how chainlink works when I tell him it sucks

If you're going to daytrade for miniscule percentages then atleast know what you're paying for in fees. Imo it's not worth it but do whatever you please.