The best thing about crypto is that it is full of MeMe. Enjoy your day even when its a down day.
Is it only me? Or does this feels like a terrible idea
Hypothetical situation where I buy 10 litecoins at $50 and then i sold 5 litecoin at $300 and then use the proceeds to buy bitcoin cash 1 for $1500
1. Average price of 10 litecoin = $50
2. After selling 5 litecoins at $300
($500 – $1500) / 5
= – $200 -> I cannot lose any more on Litecoin now since i sold half at 5X profit
3. Average price of Bcash = $1500