Re:Ask HN: Is anyone else glad the crypto market is crashing?
by faraggi on Thursday May 12, 2022 @04:35PM
(#31359865)
You failed to mention that despite those falls, it is still up 100s of times its initial value.
This comment is worse than the media trying to portray a specific story by presenting data partially.
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Re:Ask HN: Is anyone else glad the crypto market is crashing?
by sangnoir on Thursday May 12, 2022 @04:53PM
(#31360015)
> You failed to mention that despite those falls, it is still up 100s of times its initial value
Should we also benchmark stock prices against IPO prices? That information is only useful (and applicable) to those who go in at the beginning,and that is a small (and shrinking) proportion of overall traders. Apple being down 15% YoY is useful to more people than knowing it's up 25000% since it's IPO decades ago.