Coming close to the recent low is normal.
This is a perfect time to buy BTC, right now.
Topic: Bitcoin: The Downward Trend Continues (Read 4973 times)
What kind of bullshit chart is this where the vertical axis numbers aren't uniform ? It goes from 100 to 140 to 200 to 280 with same vertical space....this only distorts things, it does not give a clear picture of price action.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
It's called a logarithmic chart
+1
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Perhaps you're just full of shit and now you embarrassed yourself.
Hahah...ok yes I have some egg on my face cause I never seen logs
but that's ok. I never claimed omniscience. Like I said, the traders
I know mostly use normal sticks.
I still think the chart I posted gives a way more unbiased, accurate
picture of what price has actually done over the past 2 years.
What kind of bullshit chart is this where the vertical axis numbers aren't uniform ? It goes from 100 to 140 to 200 to 280 with same vertical space....this only distorts things, it does not give a clear picture of price action.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
I peed myself laughing.
I can't remember why I added you to my ignore list but I've decided to unblock you for my entertainment.
Whatever.
I know several professional traders, and none of them use charts like that for the exact reasons I posted. I also trade myself, I'm profitable, and I know a good deal about charting, technical analysis, and price action.
Now, if you know something about the matter, then go ahead and enlighten us. Otherwise STFU and stop acting like a jackass.
None of them?
Quote
Logarithmic price scales are generally accepted as the default setting for most charting services, and they're used by the majority of technical traders. Common percent changes are represented by an equal spacing between the numbers in the scale. For example, the distance between $10 and $20 is equal to the distance between $20 and $40 because both scenarios represent a 100% increase in price. Contrast this to "linear price scale".
Source: http://www.investopedia.com/terms/l/logarithmicscale.asp
Some use tic based charts or even Renko etc...first I've heard of log, always learning something new. Perhaps cause we mostly trade currencies or commodities, changes happen in smaller increments and smaller tf
Currencies and commodities, also fixed income, have no organic growth, so log scales are irrelevant. Mature equities likewise. early stage growth stocks are more like bitcoin.
While it’s not clear whether any hacks have been directly attributed to Heartbleed, the news caused at least one major exchange to clamp down on Bitcoin withdraws until it’s fixed.
I can confirm my Bitfinex account was hacked because of that bug. Probably not just mine.
Some use tic based charts or even Renko etc...first I've heard of log, always learning something new. Perhaps cause we mostly trade currencies or commodities, changes happen in smaller increments and smaller tf
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
What kind of bullshit chart is this where the vertical axis numbers aren't uniform ? It goes from 100 to 140 to 200 to 280 with same vertical space....this only distorts things, it does not give a clear picture of price action.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
I peed myself laughing.
I can't remember why I added you to my ignore list but I've decided to unblock you for my entertainment.
Whatever.
I know several professional traders, and none of them use charts like that for the exact reasons I posted. I also trade myself, I'm profitable, and I know a good deal about charting, technical analysis, and price action.
Now, if you know something about the matter, then go ahead and enlighten us. Otherwise STFU and stop acting like a jackass.
None of them?
Quote
Logarithmic price scales are generally accepted as the default setting for most charting services, and they're used by the majority of technical traders. Common percent changes are represented by an equal spacing between the numbers in the scale. For example, the distance between $10 and $20 is equal to the distance between $20 and $40 because both scenarios represent a 100% increase in price. Contrast this to "linear price scale".
Source: http://www.investopedia.com/terms/l/logarithmicscale.asp
Some use tic based charts or even Renko etc...first I've heard of log, always learning something new. Perhaps cause we mostly trade currencies or commodities, changes happen in smaller increments and smaller tf
I think the chart sites I use are broken...they've been in the 420s all weekend. I'm assuming the stoners have control of the ball and are baking before this coming week's strenuous activities in the bitcoin market? 
What you're forgetting is that downward trends do not last forever. The market always swings from downward to upward to downward, etc. The fact that is has been downward for a while means the market is strongly due for an upward trend. The longer it stays downward, the more overdue it is for upward trends.
What kind of bullshit chart is this where the vertical axis numbers aren't uniform ? It goes from 100 to 140 to 200 to 280 with same vertical space....this only distorts things, it does not give a clear picture of price action.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
And then you're gonna use it to draw a trend line? I'm very bullshit on BTC long term but get out of here with this crap.
I peed myself laughing.
I can't remember why I added you to my ignore list but I've decided to unblock you for my entertainment.
Whatever.
I know several professional traders, and none of them use charts like that for the exact reasons I posted. I also trade myself, I'm profitable, and I know a good deal about charting, technical analysis, and price action.
Now, if you know something about the matter, then go ahead and enlighten us. Otherwise STFU and stop acting like a jackass.
None of them?
Quote
Logarithmic price scales are generally accepted as the default setting for most charting services, and they're used by the majority of technical traders. Common percent changes are represented by an equal spacing between the numbers in the scale. For example, the distance between $10 and $20 is equal to the distance between $20 and $40 because both scenarios represent a 100% increase in price. Contrast this to "linear price scale".
Source: http://www.investopedia.com/terms/l/logarithmicscale.asp
I peed myself laughing.
I can't remember why I added you to my ignore list but I've decided to unblock you for my entertainment.
Whatever.I can't remember why I added you to my ignore list but I've decided to unblock you for my entertainment.
I know several professional traders, and none of them use charts like that for the exact reasons I posted. I also trade myself, I'm profitable, and I know a good deal about charting, technical analysis, and price action.
Now, if you know something about the matter, then go ahead and enlighten us. Otherwise STFU and stop acting like a jackass.
Ah yes, I remember now.
Blocked.
Just check Ukraine. 
Really need to start banning some of these top-drawer morons like igorr
Given your signature, you must be quite nostalgic of the Good Ol' Soviet Union days.
Of course, even during the Perestroika I don't think Bitcoin would have been allowed
PS: I save you the In Soviet Russia... joke, I don't think you would get it anyway (I would even grant you that most of them actually suck)
Really need to start banning some of these top-drawer morons like igorr
I wonder what these peoples like fonzie,igor and the others purpose is...
Really need to start banning some of these top-drawer morons like igorr
@igorr: You have such a fair, balanced and non-biased view of Bitcoin that we should all listen to you and panic sell right now!
Zero soon,
You have to draw the lines by hand, and make the illustration of price plummeting in the next 7d, and it has to be done in ms paint with thick red wiggly pencil line.Please read similar threads and see how the pro trolls are doing it, you fucking amateur.
What kind of bullshit chart is this where the vertical axis numbers aren't uniform ? It goes from 100 to 140 to 200 to 280 with same vertical space....this only distorts things, it does not give a clear picture of price action.
And then you're gonna use it to draw a trend line? I'm very bullish on BTC long term but get out of here with this crap.
And then you're gonna use it to draw a trend line? I'm very bullish on BTC long term but get out of here with this crap.
If you are going to speculate on crypto I suggest you study some elementary algebra. A straight line with slope m on a base-N log plot is a exponential curve defined by N^m on a linear plot.
Bitcoin adoption (and price) history fits an exponential curve much better than a linear one, so it makes sense to plot it that way.
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