Hello friends, I am new to crypto and I have a few questions, I would be grateful if you could answer them.
My first question is about percentage.
Now the percentage in the crypto market resets every 24 hours.
For example; I invested 100$ in X coin. After 24 hours, X coin gained 100% value and my balance became 200$ .
Since it is 24 hours, the percentage has been reset and will start a new 24 hours. My account balance is 200$ X coin gained 100% value again towards the end of 24 hours. Now my account balance is 300$ ? Or will it be 400$ ?
As I understand it, if you multiply a number by 100% all the time, it's like this:
$VET I sold all the vets as of yesterday. I invested in 3-4 different cryptos When I wake up in the morning, my portfolio is green for the first time in 7 days.
$VET rose 50% yesterday? Because it is currently down 5-6%. The coin, which has not risen for 2 days, started to decline today. It doesn't make any sense anymore.