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/biz/ - Business & Finance

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50760865 No.50760865 [Reply] [Original]

What does it mean when people say that the rainbow chart “gets adjusted every time”?

>> No.50760959

>>50760865
It's constantly refitted so it looks like it's actually telling you something

>> No.50761017

>>50760959
Is it? Is there any proof? Genuinely asking.

>> No.50761031

hehe they're gay

>> No.50761406

>>50760865
the creator said it was just a meme and anyone that takes it seriously is retarded

>> No.50761458

>>50761406
Proof?

>> No.50761513

>>50761406
The rainbow visualization is a meme, the channel itself isn't though

>> No.50761605

>>50761017
the fact that it changes?

>> No.50761627

>>50761406
this
we can easily go way bellow the "fire sale"
>>50761458
check his twitter

>> No.50761656

>>50760865
>6
Because there are charts from 2014 that speculated Bitcoin would hit a million by 2016 and charts from 2011 thinking the same thing would happen by 2014.
People with no understanding of the market shitting in each others' mouths with the most retarded people yoloing all their money and holding for 10 years and realizing they have an old hard drive with bitcoin on it and trying to find it in their basement in order to stop being a 41 year old incel browsing /biz/ and become a 41 year old bilzerianesque millionaire.

>> No.50761855

The more data you get the more accurate you can predict what will happen. What the fuck do you think you do, get 1 data point and say "yep this is it, this is the best this will ever get"?

>> No.50761996

>>50761605
yes. Are we sure it is modified from time to time ?

>> No.50762083

>>50761996
We are sure. Just trust us. Do you have any claim to think so otherwise? Yeah I guess so, you don't, we're the truth.

>> No.50762123
File: 54 KB, 908x807, 23456789.jpg [View same] [iqdb] [saucenao] [google]
50762123

>>50761627
the burden of evidence is on you brougham
screenshot or fake and gap4h0nny

>> No.50762127

does bitcoin make you gay?

>> No.50762741

>>50760865
The rainbow chart is a log curve and there are 1 million ways to fit a log curve to the bitcoin price. Most publically avaialble log curves are literally designed to scam you by projecting absurdly high future price.

>> No.50763114

it means my champ bags will BUMP PUMP

>> No.50763207
File: 452 KB, 1228x930, rb.png [View same] [iqdb] [saucenao] [google]
50763207

>>50760865
scroll down

>> No.50763892
File: 104 KB, 1200x600, bitcoin_whitepaper.jpg [View same] [iqdb] [saucenao] [google]
50763892

>>50763207
i've look around and can't find a graph of an updated "Bitcoin Trend Pirce". Anyone know where can i find one ?

>> No.50763969

>>50763892
>blockchaincenter.net/en/bitcoin-rainbow-chart
the one you posted is the updated version
>>50763207
are the old versions

>> No.50766443

>>50761406
yeah but post it without the colors and everyone will take you seriously