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What exactly is terminal velocity for a bullet?
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Depends entirely on it how heavy it is what size and shape it is and which way it is falling.
A heavy but narrow bullet falling pointy end first will have very little drag and so will achieve a higher terminal velocity than the same bullet falling backwards
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Like a penny dropped from the Empire State building they accelerate to terminal velocity and that's it.
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two identical pennies dropped from the empire state building can have very different terminal velocities....and that's it