Aloha everyone, David Tatera here with CryptoTutorials.org. Today, I'm going to explain to you why those CoinGecko charts are completely lying, well at least they're very, very misleading. So anyway, if you want to find out how you're being misled by all those little 24 hour charts let's get started.
CoinGecko Charts
This is a website that almost all of us in the crypto world are very familiar with, this is CoinGecko.com. If you've been to CoinGecko to track down the currency that you're interested in, then you have probably seen these charts. The one hour, 24 hour, seven day changes.

They seem okay, going to give me some information, gonna let me know, kind of how my currency is doing, how it's moving along. But turns out they're incredibly deceptive and probably giving you almost zero value. Whether you're seeing them in your Trust Wallet, MetaMask or in your exchange. These 24 hour floating charts are virtually useless.
What Is A 24 Hour Floating Chart
I will explain exactly why here in just a moment, but just to be clear, if you don't know what a 24 hour floating chart means. It gives you a number like this 10.3% for XRP right here, that means that XRP's price, right now $1.53, is 10.3% higher than it was 24 hours ago. Seems like a useful thing. Seems like it's telling me the price went up, but with the volatility of crypto, it really isn't, and here in just a second I'm going to show you exactly why.
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Sample CoinGecko Charts For BitCoin
I've created two fictitious price charts for Bitcoin. On this example time period, it's 48 hours. You can see the first day Bitcoin takes a nice, slow, steady climb, kind of reaches a peak right there around 50,000, then drops back into the mid 45,600 range and continues for the next 24 hours to just trickle up and down and up and down and up and down slowly moving to the right without really moving anywhere.

The second chart is a little bit different on this day, on this first day, Bitcoin, um, shoots up and down, up and down, up and down all over the place. Very volatile, moving up, capping out at 52 and then dropping back down and kind of hovering once again in that 46 range for the whole rest of the next 24 hour period.
So you can see that basically the price does the same thing. On the first day, it moves up. On the second day it stays fairly level. But it does it in two different ways. The first day it's a smooth, steady up. The second day it's a very jagged all over the place up.
% Change Is Relative
Since crypto never closes, the charts are always based on the last period of time. So even if the price of a coin stays the same, these %'s will change if the price of that coin changed 24 hours ago.
Chart Day 2 Gets Confusing
What I'm going to show you is how it looks on day two, and that's really where you're gonna be able to see why these graphs are so misleading. The little yellow dot there is going to follow along in time as we move through the second 24 hour period. The number there is going to show you the percentage change over the last 24 hours in the price of Bitcoin on this fictitious period of time.
You can see almost immediately the percentage begins to drop and drop and drop. Even though the price is actually staying fairly stable. It keeps going down and it gets down to zero. Then it's going to creep into the negatives, all of this happening while the price of the actual Bitcoin on this day is very stable.
Second Day CoinGecko Charts Look Crazy
On our second graph, however, you're going to watch the price drop quickly, and it's going to jump all over the place. It's positive for a moment. Then it moves negative and more negative and positive, and it's just shooting up and down. It looks like chaos. At any given moment, you might look into it and say, oh, 10% up, 8% down, 12% down. When in reality, the second day is behaving exactly the same way it did in our previous graph. All you're noticing are the differences in the first 24 hours, because it's different.

Look at them side by side, going at the same time. You can see that they literally have the exact same thing happening on that second day, as far as the price of Bitcoin. But the percentages are very different depending on which graph you look at. Based on what happened the day before.
Second Day Prices Stay The Same
So this is where it gets to be really confusing. You have to understand that the data it's showing you is old data. This is why I completely dropped looking at those 24 hour 48 hour floating metrics. I just don't think they're very useful.
I think far more useful to check out the graphs. Graphs are great because you can see trends. You can see what direction it's moving. Up, down, how much, things like that. If you want to get really into technical analysis, some of the candle stick ones can do really well.
Most important really is how is my particular crypto doing? So now I keep track of every single buy that I make, what point I bought it in, how much, and I keep an average of what I paid for that particular crypto. When I look at the price of Cardano and it's at $2.21. I can look back and see that I paid an average of a 1.42 on it. So I'm doing great on that. You know, things like that.
That's how I keep track of it. All right you can also check out my post on bitcoin deep state to know about bitcoin Conspiracy. I hope this has been helpful for you.
Aloha