I will tell you one fact I have learned over the years trading Bitcoin: All traders that were using linear instead of log scale were burned big time and left behind long time ago... Just saying.
could you explain why you believe log rather linear scale would make such a significant difference?
Log is more accurate at showing growth as %. Historically the log charts show a much more consistent price for bitcoin.
For instance the current price is less than 4x the 2013 ATHs. That's not a lot %wise historically. However when you look at the monthly linear chart that Afrikoin posted it leaves the impression that btc is in some ridiculous bubble.
The log charts say we are at the equivalent bubble area of pre April 2013.
I'd recommend you look at the MasterLuc thread. He has a 5 year track record of accurately predicting price using log charts.
Hey Windy,
Nice to see an old 'face' after so many years.
Thanks for the explanation; I am familiar with the ML thread although didn't realise it was based on log.
You take care out there
