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<p>[QUOTE="Endeavor, post: 2147497, member: 60292"]Your posts are a little confusing at times as I think you are mixing up the words buyer and seller. In any case, afantiques is talking about absorbing losses. It's a fundamental part of running a business. You have to account for it if you plan on succeeding. If businesses don't overcome their losses then they are not profitable, obviously.</p><p><br /></p><p>I believe afantiques is using 100 transactions to simplify the calculating on your rate of loss. If you have one loss out of every 100 transactions then your loss rate is 1% (duh). Which in my experience would be high. One loss for every 200 transactions would equate to 0.5 per 100 (0.5%).</p><p><br /></p><p>If you know your rate of loss, you can calculate (taking all other expenses into account) how much profit you need in order to profit overall.</p><p><br /></p><p>I'm guessing from your comments though that you are not trying to run a business. In that case it does suck if you only sell few coins per year and one happens to get lost. Yes you are out of the money you sold the coin for (which should at least include the cost of the coin, hopefully).[/QUOTE]</p><p><br /></p>
[QUOTE="Endeavor, post: 2147497, member: 60292"]Your posts are a little confusing at times as I think you are mixing up the words buyer and seller. In any case, afantiques is talking about absorbing losses. It's a fundamental part of running a business. You have to account for it if you plan on succeeding. If businesses don't overcome their losses then they are not profitable, obviously. I believe afantiques is using 100 transactions to simplify the calculating on your rate of loss. If you have one loss out of every 100 transactions then your loss rate is 1% (duh). Which in my experience would be high. One loss for every 200 transactions would equate to 0.5 per 100 (0.5%). If you know your rate of loss, you can calculate (taking all other expenses into account) how much profit you need in order to profit overall. I'm guessing from your comments though that you are not trying to run a business. In that case it does suck if you only sell few coins per year and one happens to get lost. Yes you are out of the money you sold the coin for (which should at least include the cost of the coin, hopefully).[/QUOTE]
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