Slow and steady wins the race - page 2.

Frozenlock

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Quote from: evolve on May 06, 2013, 01:28:25 PM

Look up three posts above that:

Quote from: evolve on May 06, 2013, 12:14:14 PM

I'll give you a clue why I didn't use one....exponential growth is unsustainable, and the barrier to entry is greater with a higher price, even if percentage of growth is the same (which is one reason you see stock splits).

Uh.. that's your explanation?

Stock splits exist because you can't buy half a stock.

And for the exponential growth...

Unsustainable? Perhaps. But until we hit a hard limit, that's pretty much the best way to characterize it.
That's a double exponential, by the way.

Babylon

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Peter Lambert on May 06, 2013, 01:52:51 PM

Subject does not make sense. "Slow and steady wins the race" What race? Where is the finish line?

The finish line is the mythical real price.

Peter Lambert

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It's all fun and games until somebody loses an eye

Subject does not make sense. "Slow and steady wins the race" What race? Where is the finish line?

evolve

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daytrader/superhero

Quote from: oda.krell on May 06, 2013, 12:58:15 PM

Dude, what the hell.

I apologize. I guess I'm getting a bit sensitive from the constant dogpiles and argument baiting around here.

Quote from: oda.krell on May 06, 2013, 12:58:15 PM

Applied to our case: there is nothing wrong with using a log chart. In fact, looking over the price development since 2010, it actually looks strongly like exponential growth took place. You only need to be cautious if you start drawing some long ass line in a log chart and expect it to continue into the next year... then you set yourself up for failure.

I can agree with this...however, I don't see why a log chart is necessary when I am just providing a snapshot of the market to illustrate the rapid growth and volatility that we have seen in the last couple of months (as I was earlier in the thread) .

Also, there seems to be this pervasive thought around here that linear charts are useless, which I strongly disbelieve. Both have thier place depending on what you are looking at or trying to illustrate.

evolve

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Quote from: Frozenlock on May 06, 2013, 12:59:11 PM

Quote from: evolve on May 06, 2013, 12:41:52 PM

Quote from: Frozenlock on May 06, 2013, 12:41:00 PM

*tired meme*

Why dont you try making a point instead of recycling stupid memes? Or do you have one?

Because I already did, to which you simply answered

Quote from: evolve on May 06, 2013, 12:23:36 PM

I already addressed why that isn't feasible.

I'm pretty sure I also have already addressed why almost everything
should be looked with a log chart. Somewhere. Sometime.

Look up three posts above that:

Quote from: evolve on May 06, 2013, 12:14:14 PM

I'll give you a clue why I didn't use one....exponential growth is unsustainable, and the barrier to entry is greater with a higher price, even if percentage of growth is the same (which is one reason you see stock splits).

Frozenlock

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Quote from: evolve on May 06, 2013, 12:41:52 PM

Quote from: Frozenlock on May 06, 2013, 12:41:00 PM

*tired meme*

Why dont you try making a point instead of recycling stupid memes? Or do you have one?

Because I already did, to which you simply answered

Quote from: evolve on May 06, 2013, 12:23:36 PM

I already addressed why that isn't feasible.

I'm pretty sure I also have already addressed why almost everything
should be looked with a log chart. Somewhere. Sometime.

oda.krell

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Quote from: evolve on May 06, 2013, 12:41:52 PM

No, trying to make an unrelated semantic argument (when you clearly understood the point being made) is pointless.

Dude, what the hell. Just yesterday I added you to my list of commenters I keep track of, because you tend to make good points, and now you're simply acting like a dick.

The point that started it all was: should one use a log chart. You said, with heavy sarcasm, obviously not, as eventually all exponential growth must come crashing down.

Which might be true, in the long run, but until then the correct way to model a certain behavior is still to describe it via an expoential function.

To come back to the bacteria example: just because their growth will eventually cease to be expoential doesn't mean a biologist would not use an expoential function to describe their growth during the time were it does.

Applied to our case: there is nothing wrong with using a log chart. In fact, looking over the price development since 2010, it actually looks strongly like exponential growth took place. You only need to be cautious if you start drawing some long ass line in a log chart and expect it to continue into the next year... then you set yourself up for failure. But using a log chart to begin with is probably the right thing to do at the moment.

Malawi

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One bitcoin to rule them all!

Quote from: fitty on May 06, 2013, 06:13:45 AM

Quote from: yuvadm on May 06, 2013, 06:06:19 AM

All this China hype is nothing more than a trap before we continue sliding further down.

Clearly you were captain of your high school debating team.

Based on your debating technique, you must have been in the cheerleading section.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: evolve on May 06, 2013, 12:41:52 PM

Quote from: ?? on ??

aapl chart

Yeah, apple is in a bubble too (one that is popping as we speak).

Agreed. Cant really compare apple to bitcoin. Two different animals.

LOL so much fail on this forum.

evolve

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daytrader/superhero

Quote from: ?? on ??

aapl chart

Yeah, apple is in a bubble too (one that is popping as we speak).

Quote from: Frozenlock on May 06, 2013, 12:41:00 PM

*tired meme*

Why dont you try making a point instead of recycling stupid memes? Or do you have one?

Quote from: oda.krell on May 06, 2013, 12:41:43 PM

I love that quote. Some mathematical truisms, applied to a poorly understood model of reality.

To use your own words, "I'll give you a clue": Exponential growth happens everywhere. You disagree? Go argue with the bacteria then.

What you actually mean is: exponential growth at the same rate will eventually become unsustainable. Big difference.

Whether the growth of btc price is already unsustainable or not is up for debate. The kneejerk answer "u can never haz exponential growth!" however is utterly pointless.

No, trying to make an unrelated semantic argument (when you clearly understood the point being made) is pointless.

oda.krell

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Quote from: evolve on May 06, 2013, 12:14:14 PM

[...] exponential growth is unsustainable [...]

I love that quote. Some mathematical truisms, applied to a poorly understood model of reality.

To use your own words, "I'll give you a clue": Exponential growth happens everywhere. You disagree? Go argue with the bacteria then.

What you actually mean is: exponential growth at the same rate will eventually become unsustainable. Big difference.

Whether the growth of btc price is already unsustainable or not is up for debate. The kneejerk answer "u can never haz exponential growth!" however is utterly pointless.

Frozenlock

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Quote from: evolve on May 06, 2013, 12:23:36 PM

Quote from: Frozenlock on May 06, 2013, 12:17:51 PM

Because you are interested in the relative change.

$1 increase when you are at $1, that's a huge deal.
$1 increase when you are at $120 is nothing.

Are you telling me that when looking at stocks charts, you use a linear scale?

I already addressed why that isn't feasible, and yes, I do use linear charts with stocks.

evolve

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daytrader/superhero

Quote from: SAQ on May 06, 2013, 12:19:03 PM

Come to the light little bear.

I will...as soon as the bubble pops and we are back at a reasonable valuation. Just like last time.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: SAQ on May 06, 2013, 06:24:00 AM

Slow and steady? It went from 80 to 120 in two days!

Exactly my thoughts...ironic that the OP says slow and steady haha Tongue

evolve

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daytrader/superhero

Quote from: Frozenlock on May 06, 2013, 12:17:51 PM

Because you are interested in the relative change.

$1 increase when you are at $1, that's a huge deal.
$1 increase when you are at $120 is nothing.

Are you telling me that when looking at stocks charts, you use a linear scale?

I already addressed why that isn't feasible, and yes, I do use linear charts with stocks.

SAQ

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Quote from: evolve on May 06, 2013, 12:09:27 PM

There is absolutely nothing slow or steady about bitcoins price rise in the last 4 months.

[/img]

You must hate that chart now evolve.

Come to the light little bear. Get your fur on another time.

Frozenlock

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Activity: 434

Merit: 250

Because you are interested in the relative change.

$1 increase when you are at $1, that's a huge deal.
$1 increase when you are at $120 is nothing.

Are you telling me that when looking at stocks charts, you use a linear scale?

evolve

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Activity: 700

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daytrader/superhero

Quick. Tell me exactly why a log chart would be used here?

Come on, don't be shy.

I'll give you a clue why I didn't use one....exponential growth is unsustainable, and the barrier to entry is greater with a higher price, even if percentage of growth is the same (which is one reason you see stock splits).

Frozenlock

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Oh look, a non-logarithmic chart!

evolve

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daytrader/superhero

There is absolutely nothing slow or steady about bitcoins price rise in the last 4 months.

[/img]

Topic: Slow and steady wins the race - page 2. (Read 5976 times)