European friends, last month, you profited approx 38%?

[bitpump]

European friends, last month, you profited approx 38%?

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

[NUFCrichard]

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%

[bitpump]

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%

[AtheistAKASaneBrain]

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%

Indeed! My shitty euros keep deprecating while my Bitcoins have been going up since I hold them, good times.

[calme]

But if they print more Euros, then we could have more of them.

[Possum577]

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).