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/biz/ - Business & Finance

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15758956 No.15758956 [Reply] [Original]

I don't understand percentage increases, what do they mean in depth? Why is the USD percentage not the same as the BTC percentage?

STEELE BTC = 47.64 increase
STEELE USD = 45.23 increase

>> No.15758984

>>15758956
BTC has changed to USD as well as STEELE, that's where the difference is from

>> No.15759004

>>15758984
But how is that relevant in practice? And why do people typically view their marketcap chart in BTC instead of USD?

>> No.15759052

>>15759004
Imagine having 8k of some $1 coins. It's worth 1BTC. Now BTC falls to 6k, a 25% decline, but your coins don't fall, which means they haven't increased to USD but have increased to BTC by 25%.

Mostly because they're brainwashed and think BTC will dominate the world in a few years. But it's also more convenient to view it in BTC if you're accumulating BTC during a bull run.

>> No.15759066
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15759066

>>15758956
These are the people giving you financial advice

>> No.15759219

>>15759052
>Imagine having 8k of some $1 coins. It's worth 1BTC. Now BTC falls to 6k, a 25% decline, but your coins don't fall, which means they haven't increased to USD but have increased to BTC by 25%.
Thanks, now this is a real answer. I couldn't put the question in proper terms.
>>15759066
No I made 4k long term on BTC when I bought at 4k and sold at like 9k. (instead of 13-15k, whoops) I'm new and that's my only transaction. Been doing loads of research and asking the all important question... -------------------------->whhhhhyyyy<----------- something works the way it does.

>> No.15759304

>>15759219
>but have increased to BTC by 25%.
So what you're saying is that percentage refers to a percentage increase or decrease compared to BTC or USD, depending on what you have selected? Makes sense if that's the case.

>> No.15759389

>>15759004
You need to go back

>> No.15760365

>>15759389
Was I seriously wrong? Correct me then. I'm only a retard at first, then when I know something in depth I turn based.