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by OJFord 1991 days ago
Edit: No it's not!

~This is~ using a fixed USD/BTC conversion though, not translating each data point with BTC value at the time.

So ~this is~ like viewing historical charts of US stocks in GBP with today's FX; nobody does that, because it doesn't really tell you anything.

1 comments

It’s poorly explained, but given that TSLA trends downward for the past month on this site while it was in fact trending upwards in USD terms, I’m pretty sure this site isn’t using a fixed conversion.

More precisely, looking at a single point, 12/14/20 (earliest point in the 1m chart):

- Site says TSLA = 0.03324 BTC;

- TSLA in USD, according to Yahoo Finance: opening $619.00, high $642.75, low $610.20, close $639.83;

- BTC in USD, according to Google: $19272.30;

- $19272.30 * 0.3324 = $640.61, so roughly checks out.

Edit: Of course it's way more obvious if you look at other stocks... People would have been jumping off buildings left and right if the big tech stocks were taking plunges like that.

Ah yes I think you're right - easiest way to see it is to zoom out to 'all', and they all have roughly the same shape, i.e. of BTC not of the stock, since they're all relatively stable (!).

Could definitely be clearer though on landing IMO.