4 ms·
Nobody talks about "percentage of tradable life" because this is a pointless metric. You don't see banks publishing prospectus saying "this investment gained x%
by cgjaro 12y ago
Nobody talks about "percentage of tradable life" because this is a pointless metric. You don't see banks publishing prospectus saying "this investment gained x% over y% of its tradable life". %/year is what matters to all investors.
> So if Bitcoin goes down to $30, that's an amazing investment, right? After all, that's a 500% ROI!
Absolutely. Buying at $6 in january 2013, and selling even at $30 would be a 500% ROI and a great investment over 2 years. What is your point?
- bdcravens 12y ago"%/year is what matters to all investors" Exactly. Only one in Bitcoin in January 2013 were those who were really deep in the community. Investors don't care what the price was before they purchased.
- jgalt212 12y agoyes, but drawdowns are very important to investors as well, not just ROI. http://en.wikipedia.org/wiki/Drawdown_(economics) http://en.wikipedia.org/wiki/Drawdown_(economics)