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Logarithmic scale makes sense for everyone. If you buy at X dollars and has 100% return when the price is 2X it does not matter what X actually is. Logarithmic
by oleganza 12y ago
Logarithmic scale makes sense for everyone. If you buy at X dollars and has 100% return when the price is 2X it does not matter what X actually is. Logarithmic scale reflects relative changes which is the only interesting metric for investors. If Bitcoin was traded at $98 12 months ago and now trades at $480, it shows relative change of 400% while the prices themselves do not tell you much.
- idlewords 12y agoIf bitcoin can go from $98 to $480 in twelve months, that's a glowing sign to merchants saying "BITCOIN TOO VOLATILE TO USE". Investors are not the only audience. I want that big, scary, spiky graph.
- ars 12y ago> I want that big, scary, spiky graph. You can also just fake the numbers if that's what you want. A non-logarithmically graph is just completely misleading. If you see spikes on a logarithmically graph then you are talking volatile. Spikes on a non-logarithmically graph mean nothing whatsoever.
- tlrobinson 12y agoMerchants don't care (except to the extent consumers care), they almost all use BitPay / Coinbase to insulate themselves from volatility.
- nkuttler 12y agoMerchants can use a bitcoin to USD payment gateway, and almost all do it. The bitcoin price becomes irrelevant, and implementing bitcoin payments only has to cost less than the additional sales to be profitable. Sure, if you want a big, scary graph go ahead. If you want more sales, who cares.