Analysis of Silk Road’s Historical Impact on Bitcoin

http://thegenesisblock.com/analysis-silk-roads-historical-impact-bitcoin/

by coloneltcb • 13 years ago

78 6 13 years ago

thegenesisblock.com

ISL• 13 years ago

The plots would be more meaningful in logarithmic form.

VMG• 13 years ago

why?

srl• 13 years ago

Because a change from $1 to $5 USD/btc is much larger than a change from $101 to $105 USD/btc. They needed two plots to show activity at two different orders of magnitude - that's the symptom. One plot with a logarithmic y axis would probably be a much better visualization.

hammock• 13 years ago

For some purposes, maybe. However, the story here is simply whether/when the price goes up and down. For that a normal scale suffices. It's also more accessible to the average reader.

Source: I present data and charts to a variety of audiences for a living

nextstep• 13 years ago

Why is bitstamp consistently ~$10 cheaper per bitcoin compared to MTGox?

CrunchyJams• 13 years ago

You can't withdraw USD from Mt. Gox, so people buy bitcoin to withdraw, driving the price up. Incidentally the same site did an analysis on that a few months ago as well:

http://thegenesisblock.com/bitcoin-cross-exchange-spreads-re...

Analysis of Silk Road’s Historical Impact on Bitcoin

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