Bitcoin investor A opens the Upbit app the moment he wakes up. Yesterday he clearly saw news that Bitcoin was moving sideways around $87,000, yet the won price on the Korean exchange is slightly higher than it was yesterday.<\/p>\n\n\n\n
\u201cHuh? I woke up and my money multiplied? They say the overseas price hasn't changed, so why?\u201d<\/strong><\/p>\n\n\n\n The key to this mystery is **\u2018the won\/dollar exchange rate\u2019**. Here is a very simple explanation of why the number in your wallet changes when the exchange rate rises, even if the coin price stays put.<\/p>\n\n\n\n Bitcoin is like gold: it holds the same value anywhere in the world. But its global benchmark price is usually set in **US dollars ($)**.<\/p>\n\n\n\n Suppose Bitcoin is $87,496 as of today. If the won\/dollar exchange rate is KRW 1,400<\/strong>then in Korean money it comes to about KRW 122.49 million<\/strong>. But what if Bitcoin's price stays put and only the exchange rate KRW 1,463<\/strong>jumps to that level? Bitcoin's price instantly KRW 128 million<\/strong>becomes.<\/p>\n\n\n\n You were just sitting still, but as the won lost value, the price of Bitcoin, a \u2018dollar-based asset\u2019 you hold, became relatively more expensive.<\/p>\n\n\n\n A price rise caused by the exchange rate feels good, but there is something you need to separate coolly.<\/p>\n\n\n\n If you later sell your coins and convert back into won, this \u2018exchange-rate buff\u2019 is indeed a profit. But if you shop overseas or manage assets in dollars, keep in mind that your actual purchasing power may not have changed much.<\/p>\n\n\n\n Add the **\u2018kimchi premium\u2019**, a phenomenon unique to the Korean market, and the calculator gets even busier. When Korean demand surges on top of the exchange rate, Upbit prices end up well above overseas prices. In the end, for Korean investors the exchange rate is like **\u2018a second coin chart\u2019**. Don't just watch the Bitcoin chart; pay attention to exchange-rate news every morning, too. It's the first step to becoming a smart investor who isn't fooled by the magic of numbers.<\/p>","protected":false},"excerpt":{"rendered":" \ube44\ud2b8\ucf54\uc778 \ud22c\uc790\uc790 A\uc528\ub294 \uc544\uce68\uc5d0 \ub208\uc744 \ub728\uc790\ub9c8\uc790 \uc5c5\ube44\ud2b8 \uc571\uc744 \ucf2d\ub2c8\ub2e4. \uc5b4\uc81c \ubd84\uba85 \ube44\ud2b8\ucf54\uc778\uc774 $87,000$ \ub2ec\ub7ec \uc120\uc5d0\uc11c \ud6a1\ubcf4 \uc911\uc774\ub77c\ub294 \ub274\uc2a4\ub97c \ubd24\ub294\ub370, \ud55c\uad6d \uac70\ub798\uc18c\uc758 \uc6d0\ud654 \uc22b\uc790\ub294 \uc5b4\uc81c\ubcf4\ub2e4 \uc2ac\uca4d \uc62c\ub77c \uc788\uc2b5\ub2c8\ub2e4. “\uc5b4? \uc790\uace0 \uc77c\uc5b4\ub0ac\ub354\ub2c8 \ub3c8\uc774 \ubcf5\uc0ac\ub410\ub124? \ud574\uc678 \uc2dc\uc138\ub294 \uadf8\ub300\ub85c\ub77c\ub294\ub370 \uc65c\uc9c0?” \uc774 \ubbf8\uc2a4\ud130\ub9ac\uc758 \uc5f4\uc1e0\ub294 \ubc14\ub85c **’\uc6d0\/\ub2ec\ub7ec \ud658\uc728’**\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ucf54\uc778 \uac00\uaca9\uc740 \uadf8\ub300\ub85c\uc5ec\ub3c4 \ud658\uc728\uc774 \uc624\ub974\uba74 \uc6b0\ub9ac \uc9c0\uac11\uc758 \uc22b\uc790\uac00 \ubc14\ub00c\ub294 \uc774\uc720, \uc544\uc8fc \uc27d\uac8c […]<\/p>\n","protected":false},"author":1,"featured_media":734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"bitpress_en_title":"","bitpress_en_desc":"","footnotes":""},"categories":[1],"tags":[164,163,134,56,162,165],"class_list":["post-732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-164","tag-163","tag-134","tag-56","tag-162","tag-165"],"acf":[],"yoast_head":"\n1. Bitcoin is the \u2018global common language,\u2019 the won is \u2018Korean\u2019<\/h3>\n\n\n\n
2. \u2018Real profit\u2019 or \u2018optical illusion\u2019?<\/h3>\n\n\n\n
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3. Korea's special seasoning: the \u2018kimchi premium\u2019<\/h3>\n\n\n\n
Today's investing basics in brief<\/strong><\/p>\n\n\n\n\n
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\n\n\n\n\ud83d\udca1 A word from BITPRESS<\/h3>\n\n\n\n