re: Took a dive into Hex crypto

That was pretty cool when he showed off his Rolex and Louis Vuitton Hillary Clinton pantsuit on fox news

quote:

---

There are two main reason’s you’ll want to utilize a logarithmic scaled chart when analyzing the market. First, if the market is volatile, then you will see huge market swings in a relatively short period of time. Those wild swings can be difficult to analyze on a linear chart.

For example, if bitcoin were to begin correcting another 5,000 points in a short period of time, people would look at that and talk about how volatile the market is. The crypto market is volatile, but a 5,000 point move today in bitcoin that is trading near $60,000 is not the same impact as when it was trading near $10,000 per coin.

A log scale price chart will smooth out those volatile readings to help place them on an “apples to apples” comparison.

The second reason to use a log chart is when you are analyzing a long historical period. For example, if you were to analyze the 10-year price chart for Facebook stock, the price increase has been so dramatic that it only makes sense to look at it on a log scale.

The logarithmic chart standardizes the size of the moves over large price movements and large time horizons so you can easily compare advances and corrections.

When is arithmetic scale useful?

There are times when a linear, or regular chart is useful to use. The first instance would be for day traders. Day traders are reviewing shorter chart time frames and therefore are assessing only the recent trends over the past few days. As a result, the arithmetic scale works fine as the price change won’t be as dramatic.

Additionally, the arithmetic scale is useful when analyzing forex charts. Since trade flows are still exchanged in fiat currencies the relative value of those currencies doesn’t change dramatically from year to year.

As an example, EURUSD is the largest traded currency pair. So far in 2021, the exchange rate has fallen about 7% (which we forecasted on January 6, 2021 in a live webinar). Seven percent in 10 months for FX is a nice trend. FX moves are smaller, so you can use a linear chart with it.

Which price scale is better for crypto?
Logarithmic scale charts are better for analyzing crypto trends. Crypto markets are notorious for monster trends and volatile markets.
Therefore, analyzing the log charts makes for a cleaner analysis most of the time.

---

LINK

Explain the fraud.

There is no market for this mess.

It is worse than trading baseball cards. At least with baseball cards, I have some refined pulp and ink to hold. This Hex crap is just a Ponzi scheme - someone will be burned big time.

quote:

---

There is no market for this mess.

---

The 24 hr volume for HEX is over $12 million.

The 24 hr volume for Bitcoin is over $22 billion.

HEX is bitcoin with a more environmentally friendly system that has a certificate of deposit like functionality (which is optional to use).

quote:

---

This Hex crap is just a Ponzi scheme

---

Explain.

quote:

---

fraudulent coin

---

Explain.

quote:

---

Explain how a coin that yields 40% is NOT a fraud.

---

The totally quantity of HEX each year increases by 3.69%. That inflation is given to those who have “deposited” (staked) their coins. The longer your deposit period is, the bigger your cut is. If you stake at least the average length of all stakers, you do not get diluted and in fact your % share of total circulating HEX increases.

It’s not a fraud because it is transparent in what it does and it does what it says it will do.

quote:

---

This guy is a complete fraud. Anyone that really has that amount of money would never have a website so over-the top and making such claims.

---

Sad to say, but you're 100% wrong. He's a multi-billionaire. He's definitely a douche, but he's not a fraud or scammer. Deal with it.

quote:

---

quote:
you miss the part where stocks have underlying value, cash flow, earnings etc.
IDK if you know what a stock truly is.

---

Clearly you don't.