Quote from: Hydrogen on May 18, 2018, 10:21:53 PM

Quote from: cryptohoodz on May 15, 2018, 10:06:46 AM

For instance have a look at BTC with arithmetic scale:
https://blockchain.info/nl/charts/market-price?timespan=2years

We see a clear bull run end of 2017, followed by a bearish downfall.

And here with log scale:
https://blockchain.info/nl/charts/market-price?timespan=2years&scale=1

However by using the log scale, it looks like btc is following a pretty consistent trend.

What are your thoughts? Is the traditional arithmetic/linear way to view btc prices useless and should we all adopt log scales? Or does using the arithmetic scale have its use?

I would be interested to know how logarithmic scale chart advocates derive useful market data utilizing visual cues. How do they predict future market trends? There doesn't appear to be much real world application to it. It might be good for long term HODL to know up trending price movements override price downtrends resulting in faint upwards movement which suggests price stability and gains. Other than that I don't see that utilization of log scale presents advantages over normal charts.

Log scale would seem to filter out many useful visual cues and data, rather than introduce new data or perspectives which could be useful. I think its a misdirection thing where people switch to log to fool people into thinking it means markets are still rising despite recent downtrends.

I am also very curious, how do they know the booster of logarithmic log scales and obtain market data? because I do not understand log scale calculations, I am more comfortable using arithmetic and I like to pay attention to price downtrend, I appreciate your suggestions and efforts, but everyone has its own way more enjoyable.

carlozharz

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