Facts are stubborn, and Numbers don’t lie.

Dear colleagues,

Permit me to present a quantitative analysis to illustrate a pertinent point. Let us consider a hypothetical scenario where an initial investment of $5,307.08 is allocated towards the purchase of Bitcoin. Regardless of whether the acquisition is executed through a market or limit order, a 1% transaction fee is applicable.

For instance, if the purchase price of Bitcoin is $60,851.89, the associated fee would be $617.85 (1% of $60,851.89). Similarly, if the selling price is $66,001.64, the corresponding fee would be $660.02 (1% of $66,001.64). Consequently, the total cost incurred for both the purchase and sale transactions amounts to $1,277.87.

Deducting this cost from the initial capital of $5,307.08 leaves a remaining balance of $4,077.89. It is crucial to note that even in the event of a 7% increase in the value of Bitcoin, the net profit would be negligible or potentially negative after accounting for the transaction fees.

This quantitative illustration underscores the significance of carefully evaluating the associated costs and potential returns when engaging in cryptocurrency transactions. While the allure of potential gains can be enticing, a judicious assessment of the financial implications is paramount to make informed investment decisions. Please what say you?? Numbers don’t lie and Facts are Stubborn..