Chart of the Day: Profits required to recover all losses from an investment

Imagine that you are an investor. Your asset has fallen in price by 50%. How much does it need to grow in order to recover losses and return to the previous level (so that you don’t lose even more)? The answer is by 100% (and not at all those 50% lost)! This is math.

Now let's take a bitcoin. Over the past month, it has fallen in price by 39% (from $6473 to $3970). And now, to return to the mark of $6473, he needs to grow by 63% already. And in order for Bitcoin to reach the December maximum ($20,089), the growth should be as much as 406%.

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