Which would be better, Euro's got damned expensive last week at over 0.018 BTC each, or BTC got a lot cheaper at 55 EUR each?
It all depends on what you consider as your base currency. I tried switching my mindset to using Bitcoin as my base currency and all I did was confuse people like when I asked if I could sell to them some of my dollars. Here was a comment on that:
If you think of bitcoins as being your base currency, then this weekend's dip trade resulted in a gain on an investment held just over the weekend.
But I'm debating on whether or not to phrase the trade using the right terms. Instead of saying I was selling coins on Thursday what I should have said was that I was buying dollars.
Then today, I sold those dollars and as a result of that trade I got back about 5% more bitcoins versus the amount I had spent on Thursday. Thus using the term "5% gain on the weekend dip trade' is the correct way to phrase it.
It gets confusing switching back and forth on what is referred to as the base currency though.
But I'm debating on whether or not to phrase the trade using the right terms. Instead of saying I was selling coins on Thursday what I should have said was that I was buying dollars.
Then today, I sold those dollars and as a result of that trade I got back about 5% more bitcoins versus the amount I had spent on Thursday. Thus using the term "5% gain on the weekend dip trade' is the correct way to phrase it.
It gets confusing switching back and forth on what is referred to as the base currency though.
