Log price scales

OK, so looking at the price charts for Bitcoin at the moment isn't much fun, lots of FUD in crypto generally, most altcoins bleeding out, G20 talks on crypto next week... the list goes on.

However...

Look at the price in a different way for a change, zoom out a lot (weekly timescale, or even two weekly), and more importantly, take a look at the Log scale for Bitcoin. Simply put, the log scale allows you to look at percentage changes across large time frames, regardless of the price at any given point (basically allowing you to see everything all at once).

click log to view log scale

When we look at Bitcoin's log scale, it still looks to be in an uptrend, current price action is nothing but a minor blip, and all is good! There, see, don't you feel better now? Nothing to worry about :)

SmilingLlama

DISCLAIMER
SmilingLlama does not provide investment advice, and nothing in his guides or any articles or communications from SmilingLlama should be taken as such, everything is for entertainment purposes. SmilingLlama recommends you seek financial advise from a certified financial advisor before making any investment decisions