Post
Topic
Board Speculation
Re: I'm not shorting anymore
by
zimmah
on 15/05/2014, 15:23:01 UTC
Actually bitcoin bulls would find this picture to be BEARISH because it implies that bitcoin is growing on a linear scale.

It does... Until the double-exponential rally happens, as it did 4 times now, and which should start soonish, as in early this summer. See if you notice any patterns on this logchart:
So you're saying that it grows linearly sometimes and then sudden it starts growing exponentially? I think that is false and that the growth is consistently exponential at some degree.

The graph says it all Smiley It either linearly grows, or linearly declines, but then it does periods of double exponential growth (exponential on a log graph), which all adds up to a simple exponential growth trend.

That's what I see in this graph as well.