Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1621. (Read 9723706 times)

I applaud you! Scammer comes here and tells the world how bad DASH is! So he could get people buy his coin and would make him a nice cushion to launder all the scammed bitcoins!

How are those XCN treatin' ya?

A logarithmic scale plot makes a lot more sense. This is especially the case if you watch something on a long time scale and when the value is changeing not just a bit but a factor.

I know it looks not natural at first but it is really especially fitting to markets where everyone works with precent.
If you put sell or buy orders onto the market you usually will set your order a percent lower or higher than the current market price.
If the current value is 100 you will maybe put a sell on 101. And if it is 1000 a sell on 1010 and not 1001

Percent is nothing else than a factor. And a factor on a logarithmic scale is always an equal distance.

Let's make an example:

say a value of a good grew in 1 year from 100 to 200 and in the next year to 400

100, log(100) -> 2 (where log is base 10 but that works with the natural ln or any other base too)
200, log(200) -> 2.3
400, log(400) -> 2.6

we have 2 time a doubleing of the value. Where as on the linear plot you will see and exponential curve on the log scale plot you see a straight line. And you see that the factor 2 is always refelected as a distance of 0.3 independent of the current VALUE
This is valid for any factor (precent) not just the factor 2. Same factor same distance on the log scale


Why is that helpful?

Lets say you have a fix ammount to invest and you know the marked behaves rather exponentioal which is likely the case for markets where people think and trade precentage based. What you will observe are line patterns. (in TA you often have this channels)

Independent of the current good value you can by extrapolating the line easily figure out when your investment is expected to have grown to the factor that you desire given the trend holds.

I saw a very nice plot lately fromt he BlockSize debate.

If you look at this graphics :

https://blockchain.info/en/charts/n-transactions

with the setting AllTime and linear you will not see the trend that easy.

If however you switch to AllTime and logarithmic scale you see straight line going from Jul 2012 onward.

It's simple to extrapolate when the blocksize will be full with the logarithmic scale. It's a lot harder with linear scale.

I don't really have any specific predictions like that last one, but I see the most likely outcome, is that bitcoin goes bearish for a while in the short term (but stays above the $320 top of horizontal channel on my chart) and consolidates.

Less probablility a second wave of crazy bullishness takes price up into top of that big uptrending channel on an even bigger spike.

Either way on longer timescales I think bitcoin, with its halving coming up soon, is going to get crazy bullish again at some point.

For what it's worth, the price of bitcoin 22 months after inception was $0.20 ... the price of Dash 22 months after inception is $2.35 ... that's not too damn bad in my book.

People are honestly expecting too much for a project as young as ours. Of course the world hasn't heard of us yet! Of course we don't have mass adoption yet! Of course Dash isn't a billion dollar marketcap yet! It's been less than two years. We are still voices crying in the wilderness.

Be patient. Haters will hate, traders will trade, holders will hold, developers will develop.

It's very quiet indeed... Maybe this is just normal now that the trolls seem to have found themselves otherwise occupied? (!)

I've read in the Financial Times that this bitcoin bubble is due to some ponzi scheme set up by a russian conman in china. Interesting theory... Here's the link:

http://fortune.com/2015/11/05/bitcoin-volatile/
The FT source article is behind a paywall

Walter

I think so?  Say, have you any predictions for the upcoming week (or even later today?  LOL)  I don't venture outside this thread much, but I'd love to know what's going on out there, LOL

Its a shame Dash isn't on the tradingview website. Would love to do better analysis of the Dash charts.
Cryptowat.ch is about the best I can find at the moment.

Its gone quiet around here normally i have to flip a few pages back to find my last comments, has everyone gone to the bitcoin section ?

tumbleweeds ...

I use log scale for bitcoin because it works for me, I don't really question the why of it. I've always assumed its because bitcoin is growing too quick for a linear scale to stay accurate for long, maybe its something else
As far as macd goes, I don't use it much, more often pay attention to rsi or momentum if I'm looking at other indicatorsto look for overbought/oversold or divergences. Mostly I get what I need to know just from the trendlines. Each to their own I guess

That was funny!

never understood why price chartists use a logarithmic scale, it not representative in a linear fashion and tends to misreprezent and skew the data, only useful if you are measuring a scale that is mathematically none linear such as the decibel range with sound.
Btw, where is your Macd ?

Yes price shown on a log scale.

And no I didn't add the line in after! lol

Personally I think TA works pretty well on bitcoin, of course nothing will let you know exactly what will happen except maybe a time machine. It is still only guessing but using data to improve your chances. In this case I guessed where spike might end because that was the next line of resistance I could see. I can use same chart to make guesses of what will hapen next, maybe I'll be wrong or maybe right who knows.

haha, straight from the whaleclub pit 
https://www.youtube.com/watch?v=fXSgdJtIm0Y

Very cool thanks for this

Great Daily Decrypt as usual

Dash MN Services mentioned on the Daily Decrypt #23

http://youtu.be/TaBLWvG4Tdo

Don't worry, TA is totally useless for crypto-currencies anyway, especially in a bull market. The short-term movements of any coin cannot be foretold.

But, but... what does it mean?  Didn't he just make it up after the fact putting in lines n stuff?  Do you mean it's for real?  LOL  Ugh, I'll never understand any of that stuff!

Nice analysis. Is that a logarithmic profile ?

After 8AM in Shanghai, so what do you think is going to happen today?