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Topic: A question to anyone who still doubts Bitcoin: (Read 4161 times)

g4c
member
Activity: 98
Merit: 10
Log scale charts always appear in a way to make people feel better about their investments, a way to pretend that there is no value loss.

"always"... well give some examples of where log charts have been used to calm people in the past, or even just just one example?

Ask anyone who bought bitcoins below $1 if they've had value loss.

A log chart allows one to see structure and detail in data sets that simply cannot be seen on a linear scale.

Not all securities are suitable for log scales, bitcoin is because it is logarithmically growing.
i thought logarithmic scales were for exponential growth

Yes, my bad.

It's exponentially growing.

Or 1/log growing.

member
Activity: 72
Merit: 10
Log scale charts always appear in a way to make people feel better about their investments, a way to pretend that there is no value loss.

"always"... well give some examples of where log charts have been used to calm people in the past, or even just just one example?

Ask anyone who bought bitcoins below $1 if they've had value loss.

A log chart allows one to see structure and detail in data sets that simply cannot be seen on a linear scale.

Not all securities are suitable for log scales, bitcoin is because it is logarithmically growing.
i thought logarithmic scales were for exponential growth
g4c
member
Activity: 98
Merit: 10
Log scale charts always appear in a way to make people feel better about their investments, a way to pretend that there is no value loss.

"always"... well give some examples of where log charts have been used to calm people in the past, or even just just one example?

Ask anyone who bought bitcoins below $1 if they've had value loss.

A log chart allows one to see macro structure and detail in data sets that simply cannot be seen on a linear scale.

Not all securities are suitable for log scales, bitcoin is because it is logarithmically exponentially growing.
newbie
Activity: 42
Merit: 0


Are you actually trying to justify one exponential rise by trashing another?


What??

I'm saying everything speaks for a bitcoin rise within the next weeks. Bitcoin Charts and history alone, stockmarket and economy , politics, geo-politics, energy market and so on and so on..
newbie
Activity: 42
Merit: 0
http://rt.com/op-edge/west-russia-sanctions-economic-destruction-436/

Not much time left now.. US pressing Russia into war With sanctions due to this very fact that their economy is about to go pop.
sr. member
Activity: 271
Merit: 250
Log scale charts always appear in a way to make people feel better about their investments, a way to pretend that there is no value loss.
sr. member
Activity: 378
Merit: 255
The answer is 9.

1+2=3
2+4=6
3+6=9

Also, of course you should use a log chart to view something that has been demonstrably growing logarithmically.  Sheesh!  Seriously, people?  We even have to have this argument?
hero member
Activity: 924
Merit: 1001
I don't think a person buying only 1BTC is ever going to become rich off of it, whether they buy it now or in 3 months.
+1

Quote
You'd have to buy a decent amount of coins now to potentially become wealthy from it
+1

Quote
The days of putting a few hundred bucks into BTC and becoming rich are over.
+1
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
The trouble with Bitcoin is that it's growing at a logarithmic rate.

This makes it hard to "see" the trend.

Log scale helps alot:



I realized why I don't like this "chart" it is very misleading. Y axis is labeled in such a way to make it look like that. If labeled properly it doesn't look a thing like that.

"Statistics don't lie, but liars use statistics" Comes to mind.

Douche.

The value of a log scale is debatable.
There is no doubt that you should know what one is prior to rudely insulting g4c the way you did.
newbie
Activity: 42
Merit: 0
TAKE A LOOK AGAIN! You see how the curve, after last rise/fall, goes Down just like it has done this day? Come on People, its all about Logic patterns.. Both the chinese and jews are extremely religious(Chinese believing in astrology and they both follow prophecies) and all about sticking to theese Logic patterns, aligning stars etc.

Im litterally laughing my ass off, at all you weak-hearted peeps out there Smiley Well gl to all
legendary
Activity: 1153
Merit: 1012
Selective sampling and selective selection? Wtf have you been smoking bro? Give me some of that sht!

What is "selective" on the graphs? There's an X and a Y axis, time and market value. That's it, nothing taken away and nothing added.

Justification to chose a logarithmic scale? Well you answered that yourself didnt you: You can Draw a trendline, see the trend of the curve and make a prediction.

It ain't proper science? Ofcourse not. The sentence following that is fkn stupid though. "Manipulative selection of Methods until a wanted result is given." Erm... No?

 You are free to make a graph on Your own proving me it's possible to stick to facts, as theese graphs do,  and get a different result.


Definately not this.

Log scale is used not to trick the eye but to make it possible for the eye to even see it. BTC have gone up too much so if you're gonna make a graph showing all the rises in detail you have to make the Picture as big and high as a 3-story building. To use 1-10 instead of 1-2 is just this - a means of showing what's happening without printing the Picture on a 10x10m wall.

But Yeah, ofcourse, it will be wrong sometime in the future. Nobody is arguing that.


Obviously you do not fully understand the argument: If you can apply arbitrarily chosen methods to arbitrarily chosen subsets of data on an arbitrary scale, you can manipulate your "analysis" to yield any result you want to have. Therefore such an analysis is also arbitrary and has no predictive value.

Please reduce your use of insulting language.
newbie
Activity: 42
Merit: 0
The thing is: The graph is based on reality, not fiction.

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.

This.

Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?

That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.

This. I mean if you take that trendline, everybody knows it will not go one forever. If the price increased by the factor of 5 every 6 month, does this mean the price will be 3 800 000 000 000 000 $ inb 10 years? Everyone knows that that is no true. Impossible. So this trendline has to be false in some time in the future. Maybe now. Maybe another 5 cylcles? We don't know.

Definately not this.

Log scale is used not to trick the eye but to make it possible for the eye to even see it. BTC have gone up too much so if you're gonna make a graph showing all the rises in detail you have to make the Picture as big and high as a 3-story building. To use 1-10 instead of 1-2 is just this - a means of showing what's happening without printing the Picture on a 10x10m wall.

But Yeah, ofcourse, it will be wrong sometime in the future. Nobody is arguing that.
hero member
Activity: 546
Merit: 500
hm
The thing is: The graph is based on reality, not fiction.

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.

This.

Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?

That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.

This. I mean if you take that trendline, everybody knows it will not go one forever. If the price increased by the factor of 5 every 6 month, does this mean the price will be 3 800 000 000 000 000 $ inb 10 years? Everyone knows that that is no true. Impossible. So this trendline has to be false in some time in the future. Maybe now. Maybe another 5 cylcles? We don't know.
newbie
Activity: 42
Merit: 0
You geniouses just pushed me to believe the only answer is 5.

Why? It is the missing number, ofcourse.



OR 8!!! And 8 is magical.



It's 8.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Chewbacca is from Endor.

This makes no sense.
member
Activity: 91
Merit: 10


If you notice, if you mirror the boxes across the green "line" the numbers are all the same. Meaning that 1 is a possible answer as well.

soooo....

Case 1 = 9
1+2=3
2+4=6
3+6=9

Case 2 = 3
1
2>4>2
3>6>3>6>3

Case 3 = 1

2<>2
3<>3
4
6<>6
1<>1

So that means that only 4/7 are unaccounted for. Can anyone come up with reasons for why those numbers would be valid as well?
hero member
Activity: 761
Merit: 500
Mine Silent, Mine Deep

How is the puzzle related to BTC?
Was the correct answer 9, or the "other pattern'?

In both cases it will be 9.

Case 1
1+2=3
2+4=6
3+6=9

Case 2
1
2>4>2
3>6>9>6>3
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Sure, "China made the bubble" does have a valid point. I'm not debating or questioning that. I don't care. I care about Logic patterns.


Can someone solve this for me?? Please, I don't understand..




.....

How is the puzzle related to BTC?
Was the correct answer 9, or the "other pattern'?
member
Activity: 90
Merit: 10
Apply directly to burn

g4c
member
Activity: 98
Merit: 10
The trouble with Bitcoin is that it's growing at a logarithmic rate.

This makes it hard to "see" the trend.

Log scale helps alot:



I realized why I don't like this "chart" it is very misleading. Y axis is labeled in such a way to make it look like that. If labeled properly it doesn't look a thing like that.

"Statistics don't lie, but liars use statistics" Comes to mind.

Douche.

I realize why you don't like this chart too:

Because you're not familiar with a logarithmic scale.

And for the record: I have never been used to cleanse vaginas of unwanted sperm. I was offered the job once, the pay was reasonable  but when I turned up it was your momma, legs akimbo, I just couldn't face the massive amount of work it entailed. Kiss
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