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fimp
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April 23, 2011, 09:22:37 AM |
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this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase? So, from 0.5 to 0.5 would have been a 100% increase? Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase. |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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nster
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April 23, 2011, 09:33:24 AM |
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this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase? So, from 0.5 to 0.5 would have been a 100% increase? Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase. yea, he meant that it triple, not that it rose by 3x... |
167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome  Please be kind if I helped |
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Alex Beckenham
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April 23, 2011, 10:01:29 AM |
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Except I've seen him use it in that unusual way on the blog too
Unfortunately that incorrect usage isn't that unusual. |
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S3052 (OP)
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April 23, 2011, 10:16:39 AM |
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pjwaffle
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BIB Exchange
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April 23, 2011, 05:45:01 PM |
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whatdya know!? 1.5/1.45 resistance
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coined
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April 23, 2011, 06:58:59 PM |
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it hit $1.6, thats very close to parity with GBP now, would need to hit about $1.65 though, could that get some mainstream attention in the uk? or at least a mention here and there  |
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LZ
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P2P Cryptocurrency
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April 23, 2011, 07:50:52 PM
Last edit: July 16, 2020, 10:25:47 PM by LZ |
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My OpenPGP fingerprint: 5099EB8C0F2E68C63B4ECBB9A9D0993E04143362
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Grinder
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April 23, 2011, 10:43:56 PM |
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yea, he meant that it triple, not that it rose by 3x...
3x0.5=1.5, so it did rise by 3x... |
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kiba
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April 23, 2011, 10:54:10 PM |
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Holy cow.  |
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coined
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April 23, 2011, 10:56:18 PM |
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whatdya know!? 1.5/1.45 resistance
whatdya know it went through that instantly like a hot knife through butter and might hit $2 before the day is out, don't quit your day job  jk |
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mewantsbitcoins
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April 23, 2011, 10:56:25 PM |
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i would go as far as holy mother of jumping jesus!!! last trades at $1.9 we gonna need that divisibility to 8 decimal places muuuuuch sooner than anybody though i will |
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bitcoinBull
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rippleFanatic
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April 23, 2011, 11:01:48 PM |
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As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!" Here I am holding cash  |
College of Bucking Bulls Knowledge
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coined
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April 23, 2011, 11:06:11 PM |
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As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!" Here I am holding cash think about the dudes that just bailed out selling down to $.50 very recently |
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bitcoinBull
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rippleFanatic
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April 23, 2011, 11:48:51 PM |
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As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!" Here I am holding cash think about the dudes that just bailed out selling down to $.50 very recently And panic selling ensues.. (*sigh of relief) I'll be at the bottom to mop it up.. |
College of Bucking Bulls Knowledge
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srb123
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April 24, 2011, 12:05:44 AM |
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this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase? So, from 0.5 to 0.5 would have been a 100% increase? Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase. I would have thought both ways are correct, given the right context. If I bought at $0.5 and sold at $1, I would agree and say I made 100% profit. But if I was observing the price, I would agree with S3052 and say that $1.5 is 300% of the value of $0.5, so therefore a 300% rise. Why? In the first case you are calculating the % of profit, in the second you are calculating the % change in value. I'm probably wrong, but it seems a very natural intuitive way to do it. Calculating a profit % seems like a no no when we are observing trends. |
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Alex Beckenham
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April 24, 2011, 12:14:54 AM |
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$1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Your 'therefore' is just wrong. 300% of the value is therefore a 200% rise. Similarly 101% of the value is therefore a 1% rise. |
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coined
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April 24, 2011, 12:17:21 AM |
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As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!" Here I am holding cash think about the dudes that just bailed out selling down to $.50 very recently And panic selling ensues.. (*sigh of relief) I'll be at the bottom to mop it up.. I dont even know if its over I bet you would feel better with some high volume selling resistance between here and $2, cause right now somebody buys $5(hehe ;P) worth and were back at $2 again |
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pjwaffle
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BIB Exchange
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April 24, 2011, 12:17:38 AM |
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$1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Your 'therefore' is just wrong. 300% of the value is therefore a 200% rise. Similarly 101% of the value is therefore a 1% rise. I second this. |
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FooDSt4mP
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April 24, 2011, 12:19:34 AM |
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$1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Your 'therefore' is just wrong. 300% of the value is therefore a 200% rise. Similarly 101% of the value is therefore a 1% rise. Who cares? Is this argument really worth 10 posts? We all know what he meant... that's why he gives the straight numbers. |
As we slide down the banister of life, this is just another splinter in our ass.
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