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It would make more sense to put this on a logarithmic scale. The move from $18000-$19000 is nowhere near as meaningful as the move from $0 to $1000. Also, the
by AndrewBissell 9y ago
It would make more sense to put this on a logarithmic scale. The move from $18000-$19000 is nowhere near as meaningful as the move from $0 to $1000.
Also, the move to $19,000 seems to have been some kind of liquidity issue on GDAX, the price did not get that high on other exchanges.
- hervature 9y agoI agree, so putting this together from the parent's info: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $4000: 85 days $4000- $8000: 96 days $8000- $19000: 20 days Edit: Even on a logarithmic scale, bitcoin is experiencing exponential growth.
- zzxxddere333 9y agowow
- dang 9y agoWould you please stop posting unsubstantive comments to HN? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newswelcome.html https://news.ycombinator.com/newswelcome.html
- heynk 9y agoThanks, this is a really interesting way of looking at it. The change from $0-1000 is still not comparable to the other 2x gains. I looked up $500-$1000 and it looks like it took about 1000 days.
- chrisco255 9y agoThat being said, does price matter or does volume matter, in terms of Coinbase? Their infrastructure should be indifferent to price. I understand there's a correlation there, but daily trading volume would be the ultimate determinant of Coinbase's performance.