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This has to be one of the funniest financial things I've heard. "Uhhh, you know when your account dropped 50%? Actually that is only like 10% if you pretend it'

by __jem 5y ago

This has to be one of the funniest financial things I've heard. "Uhhh, you know when your account dropped 50%? Actually that is only like 10% if you pretend it's a log scale." Unfortunately for them, USD is not on a log scale and they'll be disappointed to discover that when they try to cash out.

pilingual 5y ago
I'm not discussing trading here, in which case you would be absolutely right. Trading using a log chart would be absurd. I'm talking about long term positions. Cost averaging over time means you are immune to such a massive swing.
- ideamotor 5y ago
  You’re talking out of your ass.
- anyfoo 5y ago
  You just decided that "Bitcoin pricing is on a log scale"? Because it sounds cool to talk about logarithms? What does cost averaging have to do with it?