/biz/ - Business & Finance

>>52386131
That graph is very dishonest

>>52386249
How so

>>52386249
elaborate

>>52386131
Here's the flowchart:

>If you "bought" it (means you put money in it) around 2x or more of the current price
Hold it. You've got nothing to lose anyway.

>If you're a old holder from bitcoins early days
Personally I'd sell, but you can make an argument for holding

>looking for the bottom
Don't buy.
1) never catch a falling knife
2) you should only ever buy if you actually believe in the utility of bitcoin. Let's face it, nobody actually does.

>>52386249
yeah conveniently taking the drawdown since Nov 21 and putting it under the jew Bankman-Fried and FTX black Swan. That will start Monday morning Asia time. And fuck jannies for confusing racism with facts. What am I some rapper?

>>52386249
because the halfling scale makes it look like it reached higher highs when in reality it's down 40k?

>>52386273
>>52386307
exponentially inflated look at the numbers starts at 0.01 and ends with 10000


That's beside the point what the fuck should I do with my bitcoin

>>52386273
>>52386307
Because the top of the graph doesn't follow the same scale as the bottom. That should be illegal.

>>52386345
based post, reddit tier janny behind this one

>>52386342
I don't believe in it aswell

I've got money that I would lose ;p

I'd buy monero but all crypto are dead rn

https://www.coindesk.com/price/ethereum/
https://www.coindesk.com/price/bitcoin
https://www.coindesk.com/price/monero/

>>52386371
>/biz/ doesn’t understand Logarithms
Jesus fuck just imagine it is standard form. 10^-3 to 10^5. How do you people give financial advice and still manage to sleep at night

>>52386496
Sorry, I meant 10^-2

>>52386371
>what is log scale
the absolute state of /biz/. fuck me i mean, really

>>52386686
Log scales are invented by jews to trick people. They serve no other purpose. Just use a normal scale.

>>52386686

>>52386496
>Implying normies read the numbers

which exchange is the least shit if I want to cash out?

>>52386855
Nah homie invented by the Scottish and they’re great for turning a non-linear exponential growth chart into a linear one. Imagine if something doubled every hour, starting at 1 and ending at 10,000,000. If you plotted this by value alone you’d have a graph that was basically on the X- axis until y= 3,000,000 or so, where as logarithmicly you’d have a nice linear y=mx+c graph

>>52386249
>>52386346
>>52386354
>>52386371

Ok faggots here's your non-logarithmic chart then. Good luck making any sense of prior cycles before 2018.

>>52387040
this

>>52387153
WHO GIVES A FUCK ABOUT LOGARITHMIC SCALES WE ARE TALKING ABOUT MONEY NOT FUCKING GRAPHS

>>52386131
>Bitcoin mania
>Takes payments in BTC

>>52387153
So I should buy logarithmic BTC?

>>52387639

>>52387639
This guy gets it

>>52388474
I love that people like this exist

>>52386131
I'd always recommend selling BTC after a 75% drop. It is a winning formula. Please inform all your friends.

>>52386273
>mt gox crash in 2011
He doesn't know jack shit.

>>52388554
I wonder when and what they said to him

>>52387146
BTC price doesn't grow exponentially. It's not a stock.

>>52388733
Logarithmic graphs are good for things other than just exponential growth, trends in data with a very large range for example, he was just pointing out that logarithms are useful and not just Jewish tricks

>>52386131
What they didn't mention is the 15+ years of QE coming to an end with increased interest rates. That is a bigger black swan than any of these other indicators. This is literally a different economic environment that we are now in.

>>52386273
Zoom out.

If you zoom out bitcoin you'll notice bitcoin starts at $0. All you had to be was in Nakamoto's bed when he first came up with it an you'll be in profit. This is your penalty for coming late.

>>52388675
it's a joke