The absolute amount matters as well though. It's easy to imagine something that dropped from 1000 to 500 returning to 1000. That's a small rise in value, and if

The absolute amount matters as well though. It's easy to imagine something that dropped from 1000 to 500 returning to 1000. That's a small rise in value, and if you believe the currency is really a currency you can imagine a "$1000 coin" being useful. Its harder to imagine a currency or a stock that fall $30000 returning to $60000. It might be the same percentage, but it's not the same in terms of psychology.