How does the phrase '20 cents on the dollar' relate to digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  The phrase '20 cents on the dollar' refers to a situation where an asset is sold or valued at a significantly lower price than its original worth. In the context of digital currencies, it implies that a particular cryptocurrency is being traded or sold at only 20% of its initial value. This could be due to various factors such as market volatility, lack of demand, or negative sentiment towards the cryptocurrency. It is important to note that the phrase is not exclusive to digital currencies and can be used in other financial contexts as well.
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• Nov 26, 2021 · 3 years ago
  When someone says '20 cents on the dollar' in relation to digital currencies, they mean that the cryptocurrency is being traded at a price that is only 20% of its original value. This could be an opportunity for investors to buy the cryptocurrency at a heavily discounted price. However, it is crucial to thoroughly research the cryptocurrency and understand the reasons behind its low valuation before making any investment decisions.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, explains that the phrase '20 cents on the dollar' is often used to describe the significant decrease in value of a cryptocurrency. It signifies that the cryptocurrency is currently being traded at only 20% of its initial price. This can be a result of market fluctuations, negative news, or a lack of confidence in the cryptocurrency. It is important for investors to carefully evaluate the potential risks and rewards before considering investing in such cryptocurrencies.
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