Re: BETI: Bitcoin Exponential Trend Index and technical analysis
... growth models of new technologies, networks, pyramid (ponzi) schemes, cancer tumours and pandemic spreads are identical. It's the maths of exponential growth.
No. It's based on logarithmic growth, which is pretty much the opposite of exponential as the rate of growth ("speed") continues to decline.
Logarithmic:
Exponential:
Bitcoin:
End of mathematics class
Not going to formally pick a side of an argument, but you presented the logarithmic growth with a linear scale on the "y" axis", but compared to bitcoin which you presented with a logarithmic "y" axis scale. Exponential growth looks like linear growth when using log scale: you get a straight line.
Not quite. The axis deceives the eyes as they are not in proportion to put it simply, see referenced label. "When y = 4 then x = 16"
Reference: https://www.rapidtables.com/math/algebra/Logarithm.html
Valid point about the exponential curve being on a linear chart, and yes it would be a straight line on a log chart. Thanks for your input!
As another on-topic log scale example though of an logarithmic adoption curve:
