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Old 05-29-2021, 11:26 AM   #1
Cfoye
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Very simple question

If I invest $100 into Bitcoin and it goes up 200% and I Iím thinking about selling it, will I have 3xed or 2xed?

The answer I gave was I 2xed but the investment 3xed
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Old 05-29-2021, 12:49 PM   #2
NewOldGuy
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Re: Very simple question

I'm assuming "it" in your first sentence refers to BTC price.

200% rise in price puts you at $300. You tripled your stake. This 2x/3x semantics game depends on your own context in using that term and on what "it" refers to (your BR or the price or something else).
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Old 05-30-2021, 08:50 AM   #3
Cfoye
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Re: Very simple question

Thank you. That was the answer I was hoping for
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