What does '20 cents on the dollar' mean in the context of cryptocurrency?

5 answers

• Nov 24, 2021 · 3 years ago
  When someone says '20 cents on the dollar' in the context of cryptocurrency, it means that the value of a particular cryptocurrency has dropped significantly. It suggests that the cryptocurrency is currently trading at only 20% of its previous value. This could be due to various factors such as market volatility, negative news, or a lack of confidence in the project.
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• Nov 24, 2021 · 3 years ago
  Imagine you have a cryptocurrency that was once worth $1. If someone says it's now trading at '20 cents on the dollar,' it means that the current price is only 20% of its previous value. So, in this case, the cryptocurrency would be trading at $0.20. This phrase is often used to describe a significant decline in the value of a cryptocurrency.
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• Nov 24, 2021 · 3 years ago
  Well, let me tell you something interesting. In the world of cryptocurrency, '20 cents on the dollar' means that a particular cryptocurrency has lost 80% of its value. It's like buying something that was once worth a dollar for only 20 cents. It's a significant drop, and it usually indicates a bearish market sentiment. But hey, don't worry, the market is always changing, and opportunities for profit can arise even in such situations.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that '20 cents on the dollar' refers to a cryptocurrency's price being only 20% of its previous value. This phrase is often used to describe a significant decrease in value and can be a sign of a bearish market. It's important to stay informed about market trends and do thorough research before making any investment decisions.
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• Nov 24, 2021 · 3 years ago
  When we talk about '20 cents on the dollar' in the cryptocurrency world, we're referring to a cryptocurrency's current price being just 20% of its previous value. It's like getting a massive discount on something that was once expensive. This phrase is often used to describe a significant drop in value and can be a signal for potential buying opportunities for traders who believe in the long-term potential of the cryptocurrency.
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