How are the lower and the upper lines chosen? You just pick a price starting point from January 2013?
Starting points do not matter, since the idea is to illustrate a
slope, and compare it to the
BLACK SLOPE of 200WMA.
I just think the slopes are approximately similar.
I am wondering if a large number of these folks really mean 100% per year, even though they are saying 200% per year...
No, it started with some recent article, that compared recent prices with the prices 10 years ago, and claimed that it triples every year. Everyone started repeating it, even Saylor who is smart enough to know better. So they're basing this conclusion on going way too much into the past, into unreliable territory of tiny volumes/prices.
Are you annoyed by their seeming to get the numbers wrong? or are you annoyed because they are stealing your idea without giving proper credit?
The first.
I just think it's important to establish a rough estimate of a multi-year trend for such volatile asset. Since it's based on 4-year halving cycle, I think considering the last 8 years is fine, like on that PlanB's chart. His black 200WMA line is also fine, since it roughly keeps the slope year-after-year. It's almost linear.