5 ms·

This chart isn't even logarithmic.

• ars 13y ago
  Agreed. Any time you see a financial graph that isn't logarithmic you can immediately ignore it as garbage.
  • sillysaurus3 13y ago
    I don't understand. It's BitcoinWisdom's default chart, and BitcoinWisdom is used by many traders in the Bitcoin community. What relevance does logarithmic scaling have here? I wasn't saying the price was going to continue to linearly trend to zero. That would be impossible. I was saying I was an idiot for gambling that it wouldn't trend from $1100 to $400.
    • ars 13y ago
      I know it's the default. Compare: http://bitcoincharts.com/charts/bitstampUSD#rg360zczsg2013-08-01zeg2014-05-01ztgCzm1g10zm2g25zvzl http://bitcoincharts.com/charts/bitstampUSD#rg360zczsg2013-0... What looks like a huge fall to you in the old graph is actually revealed as a rather small fall compared to its history. Your point in the text on the graph is still correct, but it's not quite as bad as it looks there.
  • pbreit 13y ago
    Log charts are extremely rare (ex, not the default at Yahoo Finance, Google Finance or Bloomberg) so that comment seems pretty hyperbolic.