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[–] 3 points 1 year ago (4 children)

Still would only be 100% profit. Costed nothing to get them, so when you sell them, they will be 100% profit.

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  • [–] 4 points 1 year ago* (last edited 1 year ago) (3 children)

    Profit = (sell price - buy price)/buy price

    If buy price is zero, the division is undefined or the profit is "infinite" because you spent nothing to acquire the asset.

    Having a profit of 100% would mean just selling at double the buy price, but nothing stops you at selling at 3x or 4x, having a profit of 200% or 300%.

    To give a better example, try with lower and lower "buy price" (approaching zero). You'll see that the profit goes unlimitedly up

    I may be wrong, no attacks intended (better to specify lol)

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  • [–] 7 points 1 year ago* (2 children)

    I think everyone in this thread is right. We seem to be disagreeing over the use of the article 'a'.

    The OP said it would be "100% profit" which is correct. This is in the general sense that they paid nothing so that any price would be pure profit.

    You're talking specific numbers, hence it is "a 100% profit". Depending on the price it could be any percentage like "a 213.75% profit".

    You're both correct! It's funny how English works, right?!

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