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This does not make sense, you always need to quantify the price of something in some unit to compare it to itself in the past. BTC, USD, SDR, Kg of Gold, you ch
by sscarduzio 9y ago
This does not make sense, you always need to quantify the price of something in some unit to compare it to itself in the past. BTC, USD, SDR, Kg of Gold, you choose.
- tgsovlerkhgsel 9y agoFor stock, a percentage is typically given, because it doesn't matter what dollar amount one arbitrary unit gained. What matters much more is "if I had invested $1000, how much is it now". Saying that it gained $30 is meaningless without knowing the previous value - if Bitcoin gains or loses $30, nobody cares, if Ethereum gains $30, that's over 50% gain in value.