I think many still don’t understand that you can’t undo a -80% drop with a quick 80% pump (kind of).

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I think many still don’t understand that you can’t undo a -80% drop with a quick 80% pump (kind of).

Obviously right now everyone is looking downwards towards even lower prices but I think once we start to rally many think that the 80% drop we just had from an ATH can be undone with just like a 100% pump. Many don't get how much of a pump is needed for bigger and bigger drops.

For the current 80% dump for example it would need a massive 400% pump to just get back to ATH. That's pretty much a whole bull market, so clearly we won't be there with just one try or over a month or so. We will probably need a upwards movement for half of a year to get back up there.

Also you should know that the many altcoins down 90%, now even need a massive 900% gain. That's mit a overnight or even a month work. That's a half a year of just bull market needed.

submitted by /u/partymsl
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