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/biz/ - Business & Finance

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File: 178 KB, 1919x1079, TradingView BTC Weekly.png [View same] [iqdb] [saucenao] [google]
7288636 No.7288636 [Reply] [Original]

This is bitcoin with weekly candles. You really think this crash is over? We're going to 2k, niggers.

>> No.7288666
File: 163 KB, 1342x1087, OPisRetarded.png [View same] [iqdb] [saucenao] [google]
7288666

>>7288636
op is literally retarded

>> No.7288673

Most coins stop about halfway down and move sideways for a long time. Thats where we are.

>> No.7288755

>>7288666
I still don't get it, whats up with the Log charts? Why are log charts relevant? Serious question, I don't understand Log v Linear. I know some dude on youtube said he likes to use linear with explosive stocks, but for example Amazon still crashed hard even if you used a log chart.

I feel like i'm speaking like a brainlet but can someone explain?

>> No.7288770

I think you're genuinely stupid if you see that chart and think it's going to 2k. 50-60% retracements are pretty common after large pumps. Doesn't look like it can crack 6-7k.

>> No.7288771

Log* with explosive stocks

>> No.7288796

>>7288755
>I still don't get it, whats up with the Log charts? Why are log charts relevant? Serious question, I don't understand Log v Linear. I know some dude on youtube said he likes to use linear with explosive stocks, but for example Amazon still crashed hard even if you used a log chart.

>Exponential growth
>logarithmic scale

>> No.7288819

Sure looks like a completed TA cycle.

>> No.7288870

>>7288796
Yeah I still don't get it, for example:

Amazon crashed, if you look at log charts and deny that a crash is then possible, you're tricking yourself.

>> No.7288885

>>7288755
a log scale shows each division as the same percentage difference.
a linear scale shows each division as the same price difference.
the difference is when something moves 10000%, on a linear scale a move of 20% looks way bigger now than it did before, even though its still just 20%. a log scale will show that 20% basically the same.
its good for exponentially growing things, like bitcoin.

>> No.7289009

>>7288755
Try to think how going from 20000 to 19900 and going from 10000 to 9900 looks in linear and logarithmic. You're losing 100 in both cases but the relative variation in value is not the same.

>> No.7289022

>>7288755
it makes them feel better about their ponzi

>> No.7289029
File: 148 KB, 876x1200, 72qgbct2x6e01.jpg [View same] [iqdb] [saucenao] [google]
7289029

Past doesn't repeat itself.

>> No.7289050

>>7288755
Log scale helps you see percentage change more clearly. Say you have a $10 coin and a $1000 coin. A $100 increase would be massive for the $10 coin but modest for the $1000 coin. Log scale will slow down chart movement at higher prices.

>> No.7289356
File: 63 KB, 1024x512, yMfjOPV.jpg [View same] [iqdb] [saucenao] [google]
7289356

>>7289029
https://lnmainnet.gaben.win/
http://lnstat.ideoflux.com:3000/dashboard/db/lightning-network?refresh=5m&orgId=1

>> No.7289424
File: 76 KB, 718x477, wtf i hate bitcoin now.png [View same] [iqdb] [saucenao] [google]
7289424

>>7288636
I love how these people posting 2k predictions never post their shorts. It doesn't even have to be leveraged, even a 1x or 2x short is reasonable. I mean, if you were so sure about price decline surely you'd want to make some money on the way down, right?

really make you think

>> No.7289425

>>7288666
the log scale does not make sense to me, a 50% drop looks like a 5% drop

>dont worry it's only 50% down in a month

yeah ok

>> No.7289499

>>7289009
>>7288885
Ah oke thanks for explaining that.

>> No.7289523
File: 18 KB, 1226x71, BitMEX.png [View same] [iqdb] [saucenao] [google]
7289523

>>7289424
Here's my short

>> No.7289530

>>7289424
Like I need to post those here, fuck off wankers with your shitcoins.

>> No.7289545

>>7289009
Yeah but going from 18,000 to 8,000 looks like a 5% dip when really you are down 60% since december

>> No.7289548
File: 42 KB, 645x729, 1515996251481.jpg [View same] [iqdb] [saucenao] [google]
7289548

>>7288755
WEEEOOOO WEEEOOOO RETARD ALERT

>> No.7289564

>>7289523
Nice testnet larping

>> No.7289622

>>7289564
>larp
>less than 1 btc
how fucking poor are you holy shit

>> No.7289661

>>7289022
bye duh dibb

>> No.7289720

>>7289425
no man a 50% drop looks like 50% on a log scale no matter what the price is lmao.

>> No.7289745

>>7289564
I'm shorting too dumbass. Substantially more.

>> No.7289748

>>7289425
>>7289720
a 50% move looks the same relative to other 50% moves is really what I mean.

>> No.7289767
File: 19 KB, 400x400, autist.jpg [View same] [iqdb] [saucenao] [google]
7289767

>>7289523
its no use posting that stuff on this site...unless you give someone your id and password so they can log on themselves and see, there will always be doubters. i keep all my trades good and bad to myself, not even my boyfriend knows

>> No.7289795

>>7289720
wat

>> No.7289797

>>7288636
>2k
Wildly optimistic

>>7288666
COPE
O
P
E

>> No.7289813

>>7289767
Kindly fuck off roastie

>> No.7289819

>>7289767
post pics of feet pls

>> No.7289835

>>7289795
read
>>7289748

>> No.7289863

>>7289835
What you are saying is not correct, a 90% "dip" would only look like you were down by half

>> No.7289880

>>7288755
log scales are for the coping coiners who can't accept the reality of them blowing up and getting their McDonald applications ready

>> No.7289892

>>7288666
/biz/ is filled with /pol/ brainlets who flip out at log scales

>> No.7289896

>down 60%

Don't worry! we are still above the 100 day log moving average

^_^

>> No.7289901

>>7289863
no man I'm saying it goes from $2 to $1, then to $100 to $50, the chart will show that as the same size move on a log scale, but you literally won't even see the $2 to $1 move on a linear scale.

>> No.7289909
File: 14 KB, 600x400, 34345555.png [View same] [iqdb] [saucenao] [google]
7289909

>>7289545
It looks as dramatic as it needs to be because now you're looking at a logarithmic scale. I don't know if this will confuse you more because it's not /biz/ related but the -3dB line in this pic is 50% from the top.

>> No.7289960
File: 547 KB, 872x667, crypto_dom.png [View same] [iqdb] [saucenao] [google]
7289960

>>7289767
You should force him to mine crypto for you

>> No.7290044

>>7289960
>dec 23

guess she's getting "financially dominated" by the market too now

>> No.7290375
File: 30 KB, 218x249, 1514453277128.jpg [View same] [iqdb] [saucenao] [google]
7290375

>>7288636
so funny read in another thread that ''big money is about to come in'' yeah sure, the jews are going to buy an overpriced asset from some basement dweller neets and from some blue collar worker that got lucky.

they will short this shit into the ground before buying it.

>> No.7290539

>>7288666
still bubbly anon

>> No.7290560

>>7288636
Thanks just bought 100k

>> No.7290578
File: 256 KB, 918x439, bubbl.jpg [View same] [iqdb] [saucenao] [google]
7290578

>>7288666

>> No.7290607

>people think bitcoin will grow exponentially

its over, when will you cryptofags admit you lost your money?

>> No.7290625
File: 58 KB, 645x729, 80c.png [View same] [iqdb] [saucenao] [google]
7290625

>>7288755
>whats up with the log charts

>> No.7290679

>>7290578
lmao OK that's fine. Can you even see that on a linear chart???

>> No.7290697

>>7290607
Hey fag there are people who bought way before btc reached 1000$ sold around recent ath and bought back in. And there are people mining btc. Everyone for the Xmas pump who is pissed bought in over 8k$. and you fucking retard will soon shut up again.

>> No.7290763

>>7288755
Convenient way to hide the inconvenient truth.

>> No.7290782
File: 132 KB, 1000x750, DSC0203.jpg [View same] [iqdb] [saucenao] [google]
7290782

>>7289819

>> No.7290877
File: 1.36 MB, 800x800, 1516808414254.png [View same] [iqdb] [saucenao] [google]
7290877

>>7288666
Lmaoing at all the brainlets whose brain melts by trying to comprehend a log chart.

>> No.7290943

>>7290782
you are pretty, do you need a husband?

>> No.7290983
File: 23 KB, 611x77, interesting.png [View same] [iqdb] [saucenao] [google]
7290983

>>7290782
hmmm

>> No.7291010

>>7290782
>>7290983
pls be my gf

>> No.7291092
File: 195 KB, 640x360, 1503673836917.png [View same] [iqdb] [saucenao] [google]
7291092

>>7290877
chek'd and kek'd

>> No.7291190

>>7290877
Not gonna lie seeing people struggle with shit like this makes me glad I finished my STEM degree.

>> No.7291210
File: 8 KB, 436x302, fdsfdsfdsf.png [View same] [iqdb] [saucenao] [google]
7291210

>>7290697
lol what a faggot you are. Yes I bought early too and sold at the top. To think it will grow from this point is delusional :v) loser

>> No.7291271

>>7290044
lol double-dubs has spoken

>> No.7291354

>>7289523
top lad

>> No.7291452
File: 343 KB, 308x409, 1460651659187.png [View same] [iqdb] [saucenao] [google]
7291452

>>7288666
Keep on dreaming diaperboy, seeing btc price in log won't change fact that it keeps going down, it will only aid brain in stopping you from offing yourself

>> No.7291526

>>7291210
>2.7k is buying early

well that explains everything.

>> No.7291566

>>7288666
>log
haha

>> No.7291678
File: 3.36 MB, 3279x5740, Burj_Khalifa2.jpg [View same] [iqdb] [saucenao] [google]
7291678

>>7289050
>>7288796
>>7288870
>>7289050
>>7289425
>>7289880
>>7289892
>>7289896
>>7289901
>>7289909
>>7290625
>>7290877

I got your chart right here, see the dead cat bounce to the right? If you want to make the Burj Kalifa in log/linear I don't give a fuck, but it is the future of coins.

>> No.7291918
File: 212 KB, 1218x1015, 1514144791570.jpg [View same] [iqdb] [saucenao] [google]
7291918

>>7291452
>>7291566
>>7291678

>> No.7292143

>>7288636
It could briefly dip down to 2-3K but 5-6K is more likely desu

>> No.7292467
File: 266 KB, 905x881, aaaaa.jpg [View same] [iqdb] [saucenao] [google]
7292467

>>7290578
>make a linear projection into a logarithmic graph