It seems on Slack they don't understand profit either. "People bought at $0.20-$0.25 USD and now it is at $0.50 USD, they doubled their profits!".
@CryptoBuds 'll make it easy for you... You are walking home with 50 cents... Your initial investment was 25 cents. Take 25 cents away from the initial investment and you have 25 cents left. You
have doubled your investment! Their is no profit until the coin is exchanged to Fiat!
But if they would look at the satoshis, the would realize they would have more or the same if they just kept their BTC. I guess they use the monetary format that makes things look rosey.
Your statement is not applicable because this investment is IONs (not BTC) and value over time
(USD price) is usually used because the dollar's value remains stable currency on daily basis and
value of the satoshis varies by the minute...
but no one paid $0.20 for their ION, they used bitcoin. So your point is invalid.