Yeah the calculation written here in the post are correct but still you are proving a gain of 0,33% in 8 months and you do calculations with a 30% "dreamland-number". Besides that to get the BTC out of the BGB system you have to provide a 7% equity growth (which is now down at -38,21%). So basically the BGB system paid not a single person with BTC in the last 8 months.
PS: Why is my investment showing -86.9% loss when the "algorithm" tracker is showing a 0,33% gain?
Many people have been paid back in bitcoin with gains ranging from +2.91% to +26.99%.
Checking this tracking chart I can't see how that could be possible.
What is the difference between "Balance" and "Equity" on myfxbook?
Balance is the figure of the account which includes all closed trades. Equity is the actual amount of funds in the account currently including all open trades. Equity is what matters.
Equity is what needs to be tracked. For example let’s use the example that the balance is $100,000
And the equity is $90,000. You transfer funds into the bot
28 days later the balance and equity are both $100,000
You had a 11% (or whatever) gain using equity
If you used balance you had a 0% gain? No, the equity is the amount of funds in the account
At the time you send funds to the bot and they are approved a snapshot of the current equity in the account is taken. Your performance is based off of this equity baseline.
Yeah I do know that.
Still: if we check the graph for the lowest equity point (looks like it is -16,63% on May 15) with the highest equity point behind it (being -2,48% on June 13) leading to a max possible gain of 14,15%.
And yeah please explain me how my investment is able to show a 86,9% loss my investment started pretty much exactly at the start of this chart.
The numerous bitcoin payouts at the discussed levels are without refute. It's on a blockchain.
So how can a gain of +26,99%, like you said, be possible than if the max gain that could possibly achieved is little more than 14%?
It is really simple math. If someone invested while the account was at 100,000 with an open equity of 85,000 and then the equity returned to break even or 100,000 that is a 17.5% gain. Even though the gain on myfxbook did not move the open equity did and that is what the transactions are calculated off of. The equity at the moment the investment begins.