I am new here and been trading past a month on Bitcoin and litcoin.
I bought the whole Litcoin but If i was thinking if i buy more litcoin let say $1000s worth will get me better return or still will be same return as buying single coin?
Hi mate, not sure if this is a piss take but I’ll give you the benefit of the doubt.
Firstly don’t trade if you don’t know the basics.
Secondly to answer your question. If you buy 1 ltc at say $230 and it goes up to $250 if you cash that back to $ you have made $20. If it was 2 ltc with the same price movement your profits would be $40 and so on and so forth.
If you don’t cash out when you are in profit you are subject to the price of ltc moving either up or down.
yes that what i though it would be double if i buy two ltc but i know the basics but wasnt sure about this…nothing wrong with asking anyway thx mate
Sure you want to buy at this time?