I’m really new to Bitcoin. I want to start trading BTC with other currencies and so I’m trying to get the relationship straight in my head.
a) If I am looking at a chart named Ethereum (ETHBTC), and I click BUY, does that mean I am buying Bitcoin or Ethereum?
b) On the right axis, it shows the price = 0.05335200. Does this mean that 1 Bitcoin = 0.0533 Ethereum or 1 Ethereum = 0.0533 Bitcoin?
c) Is there a way to co-relate this price directly in terms of cash? If it moves up by a few…