Domchi
Long

Let's draw a line on a log scale graph

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
814 9 5
I've been intrigued by the Reddit post about the average 0.59% daily increase in price on log scale ( http://www.reddit.com/r/Bitcoin/comments/1q59k1/bitcoin_4yr_log_chart_and_future_trend_courtesty/ ), and tried to recreate it on TradingView chart. The price increase obviously can't continue following this graph forever, but I'm wondering how long it will. I also notice one other interesting thing here: BTC price is above baseline only for the last two weeks. The Chinese bubble might still have quite a way to go to earn being called a bubble on a log scale.
PW
3 years ago
Nice chart, thanks. Did you draw the line yourself or is it an actual average?
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Domchi PW
3 years ago
I drew it as accurate as I could get it to connect dollar values and price trend, but it's not calculated average. It's pretty close to the line the guy from Reddit drew, and I think he did draw it based on calculated average at least for the trending period he mentions.
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PW Domchi
3 years ago
I see, thanks Domchi. Yes quite possible we have a a lot more headroom in this latest move above the trendline.
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AWatchingA
3 years ago
Hey guys - here is the best chart of this type I have seen with the best sets yet. If you can figure out how to build it into TV, that would be cool.. http://iv.pl/images/82211820657513718314.png
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Domchi AWatchingA
3 years ago
Hey, this is pretty good. A tiny bit steeper than my chart though, but mine is based on the one on Reddit with R^2=0.84, while yours is R^2=0.9147.
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AWatchingA
3 years ago
oops. that is -best data sets yet.
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PonziUnit70
3 years ago
I was looking for the same thing but based on a youtube post."Why bitcoins growth is normal'
http://www.youtube.com/watch?v=qHUPPYzzZrI
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