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Re:Bitcoins reached $300 by leokun on Thursday November 07, 2013 @08:38AM (#6689194)
Why?
Re:Bitcoins reached $300 by TomGullen on Thursday November 07, 2013 @08:46AM (#6689225)
Take a look at this explanation: http://www.fool.com/foolfaq/foolfaqcharts.htm
Re:Bitcoins reached $300 by leokun on Thursday November 07, 2013 @02:27PM (#6691787)
Ah, that makes perfect sense. With a logarithmic chart, each change is seen in the context of the current value. Each change is not equal to every other change. When bitcoin is worth $1, and it goes up one more $1, that's a much bigger change than when at $300 it goes to $301 but to have the line the same length is kind of misleading.
Re:Bitcoins reached $300 by oleganza on Thursday November 07, 2013 @08:41AM (#6689208)
I think, because money as any other standard is always a network effect. Networks grow exponentially, in a self-reinforcing manner. Or they don't grow at all (when at a point of saturation).