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From the first paragraph: "The cryptocurrency was trading down 12.9%, at $2,161 a coin, its lowest since the beginning of June. It's now off almost 40% from its
by kcanini 9y ago
From the first paragraph: "The cryptocurrency was trading down 12.9%, at $2,161 a coin, its lowest since the beginning of June. It's now off almost 40% from its high of $2,999.97"
The author fails at basic math: this is a decrease of (2999.97 - 2161) / 2999.97 = 28%, not 40%.
- turtle15 9y agoGood catch. I'm guessing the author did (2999.97 - 2161) / 2161 instead.
- elevensies 9y agoThe tyranny of percentages. If you lose 50%, to get it back you have to gain 100%.
- singularity2001 9y agoThat's a nice motivational formula for weight loss
- sillysaurus3 9y agoAlso, BTC has risen in value by 30% since 30 days ago: https://bitcoinwisdom.com/ https://bitcoinwisdom.com/