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The difference between a 90% crash and a 95% crash is much bigger than you think.

All Cryptocurrencies

by COINS NEWS 233 Views

Think about this before you decide to hold all the way down to the bottom.

A 50% loss takes a 100% gain to recover your money.

A 75% crash takes a 300% gain to recover your money.

An 80% crash takes a 400% gain to recover your money.

A 90% crash takes a 900% gain to recover your money.

A 95% crash takes a 1900% gain to recover your money.

A 98% crash takes a 4900% gain to recover your money.

ADA dropped 98% from 2017/18 ATH, ETH dropped around 95% from its respective 17/18 ATH, BTC a bit less. Never feel bad about taking profits on the way down if you failed to on the way up. If you fundamentally believe the market is past the top then don't let anyone tell you what to do. Take your profits damn it.

Taking money out at -50% ATH and reinvesting at an average price of -80% ATH increases your stack by 2.5x, reinvesting at -90% increases your stack by 5x. Don't hold the whole way down if you believe things have changed.

I'm not saying you can time the market but you can at least protect yourself from crypto's near-as-dammit guaranteed 90%+ crashes. I'm also not saying you shouldn't DCA. Just giving some perspective.

Edit: forgot to mention that I was talking about drops from 17/18 ATHs.

Edit 2: BTC drop was around 85%. Not just a bit less (95% drop is an 85% drop plus a further 66% drop after that).

submitted by /u/TeddyousGreg
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