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/biz/ - Business & Finance

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File: 515 KB, 2048x1536, lamborghini-countach-interior-2.jpg [View same] [iqdb] [saucenao] [google]
3561855 No.3561855 [Reply] [Original]

Why does /biz/ describe gains relative to volume rather than price?

brah I got in at 200k
nice. I sold at 220k

Is an increase in volume a better indication of value that price?

>> No.3561870

>>3561855
When people use numbers like that they are talking about the value of the coin relative to the value of Bitcoin (gold standard) in terms of Satoshis. It's not volume.

>> No.3561875
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3561875

>>3561855

>> No.3561877

>>3561870
This is what I was thinking, I think OP got mixed up.

>> No.3561913
File: 55 KB, 1024x498, 1504106259267m.jpg [View same] [iqdb] [saucenao] [google]
3561913

>>3561855

>> No.3561934

>>3561870
this, that leather detail is fancy af lmao

>> No.3561951
File: 158 KB, 1002x250, Screen Shot 2017-09-21 at 11.35.00 am.png [View same] [iqdb] [saucenao] [google]
3561951

So for example, "I suggest you do the same as I did and re-buy between 155k - 180k stats" they are referring to the value of coin relative to Bitcoin?

>> No.3562049
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3562049

OMG is like 0.002260 of a bitcoin. How does someone describe it as 155k - 180k. Help me anon I'm retartad

>> No.3562110

>>3562049
I think he is claiming it will dip to .00155

>> No.3562138

>>3562110
so k means 1,000 and 0.001?

>> No.3562144

>>3561951
Yes

>> No.3562157

>>3562138
its a measure of satoshi
you should be measuring your portfolio by it instead of fiat

>> No.3562301
File: 159 KB, 1080x1350, 1505415736939.jpg [View same] [iqdb] [saucenao] [google]
3562301

>>3562157
so 155k is 155,000 satoshi !
Thanks Anon