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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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51655274 No.51655274 [Reply] [Original]

>Look up my portfolio
>surprised its actually green again
>check my currency exchange rate compared to dollar
>mfw

>> No.51655288

oi lad

>> No.51655316
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51655316

i dont understand how it all works

how is bitcoin/pound calculated
should I always have my slurp money in a usd stable coin?

>> No.51655332

how is that a bad thing

>> No.51655355

>>51655316
Bitcoin/pound is simply the last price someone paid for bitcoin in pounds. If pounds go down vs dollars and bitcoin remains the same vs dollars then the amount of pounds required to buy BTC goes up (if the abritage opportunity has been taken).

>> No.51655366

https://www.youtube.com/watch?v=v35QBazBtDg

>> No.51656799

>>51655366
insightful

>> No.51656862

>>51655355
>how is bitcoin/pound calculated

Bitcoin price in dollars
Take these dollars and convert them to pounds

>> No.51656869

>>51655274
>Be me
>Not british
>Smile because I have white teeth and my dollar isn't shitting itself
KEK!

>> No.51657071

>>51655332
Don’t explain it to him. Only retards don’t know you slurp your currency when it’s down.