Author

Topic: European friends, last month, you profited approx 38%? (Read 791 times)

sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
Good topic but you can't add percentages from two different sets of numbers together.

E.g., a 2pt gain from BTC10 is 20% and a 30pt gain from BTC300 is a 10%, but a 32pt gain from 310 isn't 30%, it's 10% (ish).
sr. member
Activity: 392
Merit: 250
But if they print more Euros, then we could have more of them.
hero member
Activity: 770
Merit: 509
if I invested 100€ into bitcoin, it would now be worth 1.32x as much due to the bitcoin rise.  It would be worth 1.06x that due to €s falling against the dollar.
I make that 41% profit, rather than 38%

correct, I was cautious.
with this chart, to be exact: 1,327169 / 0,934834 = 1,4196 % so that would be 42% Smiley
Indeed! My shitty euros keep deprecating while my Bitcoins have been going up since I hold them, good times.
full member
Activity: 167
Merit: 101
if I invested 100€ into bitcoin, it would now be worth 1.32x as much due to the bitcoin rise.  It would be worth 1.06x that due to €s falling against the dollar.
I make that 41% profit, rather than 38%

correct, I was cautious.
with this chart, to be exact: 1,327169 / 0,934834 = 1,4196 % so that would be 42% Smiley
legendary
Activity: 1218
Merit: 1003
European friends, last month, you profited approx 38%?

Last month, Bitcoin +32% and Euro -6%

https://twitter.com/bitpump/status/575670248571019264


Pretty sure your maths is off there, but it was a good month for € denominated Bitcoins.

if I invested 100€ into bitcoin, it would now be worth 1.32x as much due to the bitcoin rise.  It would be worth 1.06x that due to €s falling against the dollar.
I make that 41% profit, rather than 38%
full member
Activity: 167
Merit: 101
European friends, last month, you profited approx 38%?

Last month, Bitcoin +32% and Euro -6%

Jump to: