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.
