this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase?
So, from 0.5 to 0.5 would have been a 100% increase?
Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase.
I would have thought both ways are correct, given the right context.
If I bought at $0.5 and sold at $1, I would agree and say I made 100% profit.
But if I was observing the price, I would agree with S3052 and say that $1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Why? In the first case you are calculating the % of profit, in the second you are calculating the % change in value.
I'm probably wrong, but it seems a very natural intuitive way to do it. Calculating a profit % seems like a no no when we are observing trends.
