TradingView
Domchi
Nov 17, 2013 4:41 PM

Let's draw a line on a log scale graph Long

Bitcoin / U.S. DollarMt.Gox

Description

I've been intrigued by the Reddit post about the average 0.59% daily increase in price on log scale ( 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.
Comments
ItsRicomarian
Hey are u alive? :D
Domchi
Hey @ItsRicomarian! Yes, I am. :)
ItsRicomarian
@Domchi, Nice to hear that from you, i hope you hodl bitcoin :)
Domchi
I do. :) And this graph should probably be updated...
ItsRicomarian
@Domchi, Good job. Do u have any advice? :)
Domchi
Not really. :)
PonziUnit70
Great chart!
PonziUnit70
I was looking for the same thing but based on a youtube post."Why bitcoins growth is normal'
youtube.com/watch?v=qHUPPYzzZrI
AWatchingA
oops. that is -best data sets yet.
AWatchingA
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.. iv.pl/images/82211820657513718314.png
More