If you switch your charts to a logarithmic scale, things look much less dramatic,
So? Of course it makes things look much less dramatic. That's the whole point of the logarithmic system and a log scale... Don't understand people's obsession with the log scale graph in this forum. It changes nothing...
So? Of course it makes things look much less dramatic. That's the whole point of the logarithmic system and a log scale... Don't understand people's obsession with the log scale graph in this forum. It changes nothing...
If you don't understand you probably haven't considered the difference between relative and absolute growth. Relative growth is what matters from an investment perspective. Regular charts distort the changes by magnifying the recent relative changes and shrinking older relative changes. They therefore systematically distort investment decisions.
Moreover, Bitcoin is experiencing exponential growth in almost every measurable indicator, including of course price. Log charts are simply far more suited to analysis of exponential growth phenomena; otherwse you have to try to eyeball a exponential curve as if it were superimposed the price movements to check whether it is moving in line with the exponent, which is rather difficult and error-prone. It's way easier to look at a log chart and see whether the price is moving in a straight line or not (the BTC price was, but in the past three weeks it has started lilting upward).
