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Down down down huh? https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/ https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-g...
by dadoge 5y ago
Down down down huh?
https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/ https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-g...
- cuteboy19 5y agoLog graphs and almost parallel lines! Perfect tools for dishonest data representation!
- dadoge 5y agoHow so? What is dishonest about it?
- paulpauper 5y agosomeone could have said the same about Enron in 2001 too
- dadoge 5y agoEnron was run by a corrupt CEO who lied about its accounting. Bitcoin has no CEO or accountants. It has also gone up A LOT more than Enron did over a much longer timespan. How can you look at the log chart and think BTC is “going to zero”?
- smoldesu 5y ago> How can you look at the log chart and think BTC is “going to zero”? Because eventually it will be worthless. Your return on investment is entirely predicated by how much demand there is for Bitcoin; currently it's pretty high, correlating with media attention and whatnot. This is just about the highest demand we'll see for it though, the future of all crypto obviously hinges on practical applications, which venture capitalists with unlimited resources have struggled to define. HODL what you please, but I'd really like to hear the logic behind how people think that Bitcoin can survive an inevitable crash.
- dadoge 5y agoReally??? It crashed 70-80% in 2018 And then later went way above the 2017 peak. It is not guaranteed to recover, but it is FAR from certain that it won’t, and history suggests it will recover