Quote from: porcupine87 on April 10, 2014, 11:35:03 AM

Quote from: IIOII on April 09, 2014, 07:30:25 PM

Quote from: LOADING.READY.RUN on April 09, 2014, 06:37:04 PM

Quote from: NationOwnedCCNow on April 09, 2014, 01:34:56 PM

The thing is: The graph is based on reality, not fiction.

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.

This.

Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?

That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.

This. I mean if you take that trendline, everybody knows it will not go one forever. If the price increased by the factor of 5 every 6 month, does this mean the price will be 3 800 000 000 000 000 $ inb 10 years? Everyone knows that that is no true. Impossible. So this trendline has to be false in some time in the future. Maybe now. Maybe another 5 cylcles? We don't know.

Definately not this.

Log scale is used not to trick the eye but to make it possible for the eye to even see it. BTC have gone up too much so if you're gonna make a graph showing all the rises in detail you have to make the Picture as big and high as a 3-story building. To use 1-10 instead of 1-2 is just this - a means of showing what's happening without printing the Picture on a 10x10m wall.

But Yeah, ofcourse, it will be wrong sometime in the future. Nobody is arguing that.