If you could keep just one metric to represent $DOGE ’s day today, which would you choose: percentage change, amplitude, or trading-volume ranking?
All three are valid choices; the difference is that each answers a different question. Percentage change tells you the result: the net difference between the starting and ending points. It sums things up in one sentence and is the easiest to screenshot and share. Amplitude tells you about the journey: even if the price ends up where it started, how much did it swing back and forth during the day? Trading-volume ranking tells you its relative position: how much it was traded compared with the other coins. It has nothing to do with direction, only with how many people were around in the morning and evening.
Let’s go through them one by one: use the first if you want to tell people whether you made or lost money today; the second if you want to know how choppy the day was; the third if you want to know how busy this street was. None of the three tells you what happens tomorrow.
I’d keep amplitude. It’s the hardest to reduce to a single screenshot, and it comes closest to the feeling of holding a position. Which one would you choose?
#Dogecoin #MemeCoin Not investment advice.
All three are valid choices; the difference is that each answers a different question. Percentage change tells you the result: the net difference between the starting and ending points. It sums things up in one sentence and is the easiest to screenshot and share. Amplitude tells you about the journey: even if the price ends up where it started, how much did it swing back and forth during the day? Trading-volume ranking tells you its relative position: how much it was traded compared with the other coins. It has nothing to do with direction, only with how many people were around in the morning and evening.
Let’s go through them one by one: use the first if you want to tell people whether you made or lost money today; the second if you want to know how choppy the day was; the third if you want to know how busy this street was. None of the three tells you what happens tomorrow.
I’d keep amplitude. It’s the hardest to reduce to a single screenshot, and it comes closest to the feeling of holding a position. Which one would you choose?
#Dogecoin #MemeCoin Not investment advice.