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> Bitcoin has gone down from $70k to $20k in a year, that’s close > to 350%. Not to mention it’s down 500% since the $100k high. That's not how percentages w
by jmillikin 4y ago
> Bitcoin has gone down from $70k to $20k in a year, that’s close
> to 350%. Not to mention it’s down 500% since the $100k high.
That's not how percentages work, and your Bitcoin price numbers are wrong too.
If an asset drops from $70k to $20k, that's a 71% drop. If it went from $100k to $20k, that's an 80% drop.
For Bitcoin to drop 350% would mean that someone who purchased it lost more than their initial purchase cost.
The all-time high for Bitcoin is about $61k, not $100k.