This has to be one of the funniest financial things I've heard. "Uhhh, you know when your account dropped 50%? Actually that is only like 10% if you pretend it's a log scale."

Unfortunately for them, USD is not on a log scale and they'll be disappointed to discover that when they try to cash out.

I'm not discussing trading here, in which case you would be absolutely right. Trading using a log chart would be absurd.

I'm talking about long term positions. Cost averaging over time means you are immune to such a massive swing.

You just decided that "Bitcoin pricing is on a log scale"? Because it sounds cool to talk about logarithms? What does cost averaging have to do with it?

You’re talking out of your ass.

The poster you replied to is confused, I think they’re saying they chart Bitcoin with a logarithmic scale, which as we both know has nothing to do with how Bitcoin is priced, only how the price action is displayed on a chart.

It means people don't care if it is a store of value because they don't care if their savings are locked up until the next bubble, they can afford to wait because they have savings somewhere else.