The expression $1+\dfrac{1}{x}+\dfrac{1}{x^2}+\cdots$ is equal to $\dfrac{x}{x-1}$ when $|x|>1$ by using the formula for geometric series. But the limit as $x\rightarrow-1$ of the expression is equal to $\frac12$ (this can be clearly seen on a graph). However the limit as $x\rightarrow-1$ of the expression is also equal to $1-1+1-1+1+\cdots$, so therefore $1-1+1-1+1\cdots=\dfrac{1}{2}$?
I feel as though I messed up my limits somewhere, can someone help me please?
Let me explain, why your approach does not work: We have for $|x|>1$ $\sum_{n=0}^\infty1/x^n=\frac{x}{x-1}$, it is absolutely correct that the limit from the left: $\lim_{x\to -1^{-}}\sum_{n=0}^\infty1/x^n=1/2$, but this does not mean that $1-1+1-1+\cdots$ converges to $1/2$ because you can not naively interchange sum and limit.