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General Discussion / About Price Notation at Markets on Bitshares Client
« on: December 06, 2014, 04:24:13 am »
I noticed the two different notations describing how much price one asset is relative to some other assets.
For example, I can write that Bitshares' price is 54 BTS/BITUSD (54 Bitshares per BITUSD).
But sometimes one can write that the conversion ratio of BTS/BITUSD is 0.0185 (Bitshares to(by) BITUSD is 0.0185?).
The latter notation comes from the mind of one can exchange 1 BTS to 0.0185 BITUSD, or assuming some hypothetical value unit of Universal_Value_Unit:
BTS = x Universal_Value_Unit .
and
BITUSD = y Universal_Value_Unit .
So the ratio BTS/BITUSD = x/y = 0.0185 .
I think the second notation is more familiar at various sites which I visit, for example:
ttp://k.sosobtc.com/bts_btc38.html
ttps://bitcoinwisdom.com/markets/bitstamp/btcusd
ttp://finance.yahoo.com/q?s=EURUSD=X
And assuming 1 BITUSD is more valuable than 1 BTS, my thinking goes like BTS/BITUSD should less than one because the denominator is greater than the numerator.
So the price notation at the market on Bitshares Client like:
PRICE (BTS/BITUSD)
54.0000
54.2974
54.6000
54.6155
54.6900
...
confuses me (although it might be a problem one should overcome by getting accustomed to it).
So I want a change in notation but other poeple might have opinions which are opposed to mine.
How do you think about the price notation? Thank you.
For example, I can write that Bitshares' price is 54 BTS/BITUSD (54 Bitshares per BITUSD).
But sometimes one can write that the conversion ratio of BTS/BITUSD is 0.0185 (Bitshares to(by) BITUSD is 0.0185?).
The latter notation comes from the mind of one can exchange 1 BTS to 0.0185 BITUSD, or assuming some hypothetical value unit of Universal_Value_Unit:
BTS = x Universal_Value_Unit .
and
BITUSD = y Universal_Value_Unit .
So the ratio BTS/BITUSD = x/y = 0.0185 .
I think the second notation is more familiar at various sites which I visit, for example:
ttp://k.sosobtc.com/bts_btc38.html
ttps://bitcoinwisdom.com/markets/bitstamp/btcusd
ttp://finance.yahoo.com/q?s=EURUSD=X
And assuming 1 BITUSD is more valuable than 1 BTS, my thinking goes like BTS/BITUSD should less than one because the denominator is greater than the numerator.
So the price notation at the market on Bitshares Client like:
PRICE (BTS/BITUSD)
54.0000
54.2974
54.6000
54.6155
54.6900
...
confuses me (although it might be a problem one should overcome by getting accustomed to it).
So I want a change in notation but other poeple might have opinions which are opposed to mine.
How do you think about the price notation? Thank you.