When you look at the last 3 years of Bitcoin prices, in Logarithmic instead of linear, it doesnt look so bad!

in #bitcoin7 years ago

See how much perspective you get on the Price of Bitcoin over the last 3 years when you see the Logarithmic chart instead of the more popular Linear chart?

The Logarithmic chart really shows that we honestly HAVE plateaued, just not over 20, because thats just not how it works... we have to stay here around the 2k to 5k area, because we were just at $100 to $1000 range a few years ago and shot RIGHT up out of there! It all makes sense when youve been watching Bitcoin for as long as we OG Bitcoin users have been watching.... of course I had no idea it would grow this fast back in 2014-2015 when I was selling 0.1 BTC for $20 at a time using GYFT app at CVS... I had NO idea those pieces of a Bitcoin would be worth as much as the are now.... I was just using it and using Bitcoin at like $200 felt just like you feel while using something like ethereum today. Its just incredible to have such a large marketcap coin like bitcoin worth many thousands of dollars.... and honestly this is cheap, expect BTC to be above $10K just like now its above $100k and EXPECT people to only have PIECES of a bitcoin ...

BITCOIN DOESNT CARE HOW CHEAP YOU THINK IT IS... IT WILL go back up and NO Amount of public opinion will change that, except to only QUICKIN it with more average people buying. But MOSTLY it will be whales and they will pump bitcoin as HIGH as they can because this is the easiest way to make the MOST amount of money the FASTEST in all history and big banks are NOT about to miss out on this.

it DOESNT matter HOW many people are out there saying bitcoin is dead.... because as soon as ONE single whale or a bank or country or hedge fund decides to buy a few billion dollars worth of bitcoin, the price will skyrocket. There just isnt enough Bitcoin to go around during bull runs, and the ONLY reason its still going down is because there are Mt Gox trustees out there dumping on the market whenever it starts to recover which is the default as there are ALWAYS people out there willing to pickup some cheap Bitcoin...

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So little people use logarithmic. So weird.
I always use logarithmic. For years.

Sometimes it is always difficult for me to even be able to read those market charts as i find it complicating at times

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