03-01-2022, 08:46 PM
Friendly reminder that a 50% drop of $1000 followed by a 50% rally is $750, not $1000
<!-- SC_OFF --><div class="md"><p>Was just discussing this with a friend the other day and figured I'd share it here as well (but doubt this is new to anyone here)</p> <p>50% down from a $1000 investment leaves you at $500. If the market goes up 50% again you'll have $750, not $1000 (50% of $500 is $250)</p> <p>To get back to the initial $1000, your coin would have to jump by 100% from $500, which is a much longer journey than just 50%</p> <p>So even though we had a massive 15% BTC rally today, the 15% drop we had recently still feels much heavier. Sure, things will probably go back up to where they were, but just a friendly reminder that the market is not as symmetric as it looks like</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HoodFruit"> /u/HoodFruit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t425ph/friendly_reminder_that_a_50_drop_of_1000_followed/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t425ph/friendly_reminder_that_a_50_drop_of_1000_followed/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Was just discussing this with a friend the other day and figured I'd share it here as well (but doubt this is new to anyone here)</p> <p>50% down from a $1000 investment leaves you at $500. If the market goes up 50% again you'll have $750, not $1000 (50% of $500 is $250)</p> <p>To get back to the initial $1000, your coin would have to jump by 100% from $500, which is a much longer journey than just 50%</p> <p>So even though we had a massive 15% BTC rally today, the 15% drop we had recently still feels much heavier. Sure, things will probably go back up to where they were, but just a friendly reminder that the market is not as symmetric as it looks like</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HoodFruit"> /u/HoodFruit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t425ph/friendly_reminder_that_a_50_drop_of_1000_followed/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t425ph/friendly_reminder_that_a_50_drop_of_1000_followed/">[comments]</a></span>Kind Regards R