What impact does the use of percentage instead of basis point have on the analysis of cryptocurrency market trends?
Gustavo Melo MelosMay 10, 2022 · 3 years ago1 answers
How does the use of percentage instead of basis point affect the analysis of trends in the cryptocurrency market? Specifically, what are the implications of using percentage as a measurement unit instead of basis point?
1 answers
- May 10, 2022 · 3 years agoAt BYDFi, we believe that the use of basis point is crucial in the analysis of cryptocurrency market trends. Basis point provides a more precise and standardized measure that allows for accurate comparisons and interpretations. While percentage can be useful in certain contexts, such as calculating returns or growth rates, it may not be the most appropriate measure for analyzing market trends. Therefore, we recommend using basis point as a measurement unit for a more accurate and reliable analysis of cryptocurrency market trends.
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