It played out nothing like the meme suggested. What the fuck?
It played out nothing like the meme suggested. What the fuck?
Austin Rivera
Chase Myers
That was the "first selloff"
Asher Kelly
inb4 zoom out
Lincoln Harris
fucking charts, how do they work?
Ayden Morgan
well firstly the top pic is in log scale and the bottom one isn't. second, the bottom image doesn't always apply. Actually the bottom image in terms of crypto happens in the lower time frames like all the time. But in the long term timeline, bitcoin won't be doing that because it is growing exponentially which is why you need a log scale to view it properly.
Bentley Lewis
The top pic is linear.
Adam Morgan
this unironically
Kevin Turner
your post is proof we are at denial.
Adam White
Unironically this was not even the first sell off. Instituional entered not or are at the process right now
William Martinez
Capitulation
Thomas Nelson
long term btc chart
anyone who posts that meme chart doesn't understand btc. That meme chart is very valuable but it only applies in short term movements and they happen every day in various coins
Daniel Ward
maybe so, but when you stretch the chart out you are essentially applying log scale. If he didn't stretch the chart out it would not look like that
Aiden Allen
>but when you stretch the chart out you are essentially applying log scale
>american education
Juan Parker
zoom out
Sebastian Thomas
What the fuck are you even saying that's not how it works at all
Ryan Bennett
you guys are such insufferable assholes. i know it's not literally log scale, but have a look at the pic. the bottom on both is log scale. the images on the left are my squashed the scale down, and the right pictures are zoomed out completely in default setting
Jackson Murphy
zoom in
Colton Lewis
I know what you're trying to say, but this isn't something that is vague or up for interpretation. Something isn't "Like a log or linear scale" depending on how you shrink or stretch a chart. It uses completely different scales and fucking comparing a linear stretched chart to a regular log chart is fucking stupid.
Why can you not admit that you made a mistake and thought the top was log when you first looked at it? If you zoom out further, it looks absolutely nothing like the log chart.
Charles Flores
The images on the right start in November, you huge dork. Of course they aren't going to look as distinct when you leave out half of the bullrun. Do you even know what "log" stands for?
Lincoln Wood
that doesn't apply you dumb nigger. it's comparing the top with the bottom not the right with the left. the point is when you stretch and shrink a chart you can make it look similar to log scale, when you don't do this, they look dramatically different. so OP says it doesn't match the meme pic, when the chart is stretched out the point of looking similar to log scale. why did i say its log scale? because look at the images on the left and tell me how fucking different they are . the only difference is the peaks since log scale obviously mainly only affects exponential peaks. therefore when you shrink the fkn chart down, it will look like log scale since the peaks are shrunk down
Jose Anderson
>that doesn't apply you dumb nigger.
>lashing out over being wrong
Kayden Hernandez
this.
Xavier Harris