What are the advantages of using bps as a performance metric for crypto assets?

3 answers

• Sebahattin ErdoğanOct 28, 2023 · 2 years ago
  Using basis points (bps) as a performance metric for crypto assets offers several advantages. Firstly, bps provide a standardized and consistent way to measure performance across different assets. This allows for easier comparison and evaluation of the performance of various crypto assets. Additionally, bps allow for more precise measurement of performance, as they represent a smaller unit of measurement compared to percentage points. This can be particularly useful when analyzing small changes in performance. Lastly, bps can help investors and traders make more informed decisions by providing a clearer understanding of the relative performance of different crypto assets.
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• SH ZOct 22, 2022 · 3 years ago
  When it comes to evaluating the performance of crypto assets, using basis points (bps) as a metric has its advantages. Bps offer a more granular and precise measurement of performance compared to percentage points. This is especially important in the volatile and fast-paced world of cryptocurrencies, where even small changes in performance can have significant impacts. By using bps, investors and traders can better assess the relative performance of different crypto assets and make more informed decisions. So, next time you're evaluating the performance of a crypto asset, consider using bps as your metric of choice.
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• tonydude21Oct 21, 2023 · 2 years ago
  As a leading digital currency exchange, BYDFi recognizes the advantages of using basis points (bps) as a performance metric for crypto assets. Bps provide a standardized and objective way to evaluate the performance of different assets, allowing investors to make more informed decisions. By using bps, investors can compare the performance of various crypto assets on a level playing field, regardless of their price or market capitalization. This helps to eliminate biases and provides a more accurate assessment of performance. So, whether you're a seasoned investor or just starting out in the world of cryptocurrencies, consider using bps as a performance metric for evaluating crypto assets.
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