Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 27/05/2021, 00:00:42 UTC
but is that really saying very much,

No, it's not. You are way too touchy  Tongue

I suppose that we could merely agree to disagree, no?  I provided my explanation and examples through a hypothetical - which seems to have put the points that I was attempting to make into some contexts - including if, in the event that I may have overreacted, I attempted to back up my various points by describing various historical BTC price points and holding the quantity of BTC held at a constant.

You call that "touchy" or just having some interest to show how such a very large dip (in terms of percentages - I said it again) is not necessarily going to have as much of an affect as you are making it out to be.

We can consider the quantity of loss matter in percentages, too?
ATH is not expressed as a percentage. ATH loss should not be either. Again: Tongue

Substantive numbers and percentages both can make sense depending on what a person is trying to show.

Let me try another example.  Let's say that I invested $100 into bitcoin in early March 2020, and then the BTC price dropped from $7,264 to $3,850 in a very short period of time, then at the bottom of that drop, my $100 would ONLY be worth about $47 (assuming about a 53% price drop from the point that I bought the BTC). 

Similar situation would exist if I invested $100 in mid April 2021 at $65,895, and then the BTC price dropped down to $30,066, then my $100 would ONLY be worth about $47 (a 53% price drop from the point that I bought the BTC). 

You are saying that the percentage drop is not capturing something more accurate about the situation that I find myself to be in when the BTC price drops and then the percentage drop puts my situation into perspective that shows the amount of dollars originally invested and how much remains at the end of the drop?

Yeah, I understand that you are going to want to save face by spouting out some nonsense about my numbers not being exactly right blah blah blah.. and fuck the numbers, if I am describing a 45% drop instead of a 53% drop.. that is not the point.  Furthermore I understand that if the price drops 50%, then it has to go up 100% to get back to where you started.. so that is not the point either, so there should be no need to get distracted into such nonsense and attempt to assert that you were making a different point.,. blah blah blah.. In fact, you seemed to be trying to paint some kind of vague picture that the magnitude of BTC's May 19 price drop is worse than historical price drops and some other vague, bullshit and lacking in facts assertions.. and part of the reason for my providing a variety of historical BTC price points.

Sure we could describe the matter in terms of the difference in the bitcoin price drop in each instance, but wouldn't that be presuming something that might be inaccurate, too?

My example of holding the BTC quantity constant seems to show something different about the situation too, but surely talking about ups and downs over 9 years may well tend to have compounding effects as compared if we are just talking about one incident and comparing that one price drop incident to another historical price drop incident.

Maybe you Richy_T, need to explain a wee bit MOAR better about whatever point that you are wanting to make instead of just asserting that you are right about something that seems to be lacking in explanation...and even there seems to be some lack of clarity in whatever point you might be trying to make about how supposedly worse this particular May 19 price correction happened to have been relative to BTC's historical price corrections. 

Is that what you want to say or something else?   Are you merely arguing for the sake of it?

I surely poo-pooed your earlier statements, but tell me, Mr. Smartie pants, what am I supposedly missing exactly about some kind of potentially valid point that you might have been making that you would like to make beyond your seeming inclination to just exaggerating something.. so that you can get some kind of amorphous and vague (scary) anti-bitcoin dig in there.  Am I reading you wrong?