Topic: Monthly average USD/bitcoin price & trend - page 29. (Read 118254 times)
Seems like it should be a hair more vertical, which is good news.
I might have it correct now?
or not?
(I used "0" for for January 2009, btw. should I use "1")
or not?
(I used "0" for
the regression might look off because remember, he derived it from monthly averages
I might have it correct now?
or not?
or not?
It's correct for what I asked
much appreciated molecular!sure. I can mod it any which way you guys like
Turns out it wasn't correct at all, see above 2 posts.
I might have it correct now?
or not?
or not?
It's correct for what I asked
much appreciated molecular!
I might have it correct now?
or not?
(I used "0" for for January 2009, btw. should I use "1")
or not?
(I used "0" for
or -2.8 + 5.2/(57(mos_since_jan_2009))
Is "57" a function or should there be a "*" behind it.
If the latter then no, that can't be it since that monotonically decreasing and always < "-2.8 + 5.2"
isn't it on a log scale
what about
-2.8 + (5.2/57)(mos since jan 2009)
or -2.8 + 5.2/(57(mos_since_jan_2009))
Is "57" a function or should there be a "*" behind it.
If the latter then no, that can't be it since that monotonically decreasing and always < "-2.8 + 5.2"
If the former we need the definition of "57"
To anyone, if we could get a graph over actual prices, and then an extension of the regression line past where we are today into say, 2014, I'd greatly appreciate that
Somebody with more skills, please!!
I'm on it, but what exactly is the equation?
Now, by applying log-scale and drawing a trendline using the linear regression with least square error, we find that the equation of the trendline is:
-2.8 + 5.2/57(number_of_months_since_Jan_2009).
-2.8 + 5.2/57(number_of_months_since_Jan_2009).
doesn't seem right. "-2.8 + 5.2 * (number_of_months_since_Jan_2009)" maybe? Doesn't seem right either.
Confused, please help.
To anyone, if we could get a graph over actual prices, and then an extension of the regression line past where we are today into say, 2014, I'd greatly appreciate that
This? :
http://bitcoincharts.com/charts/mtgoxUSD#czsg2009-09-30zeg2019-04-30ztgSzm1g10zm2g25zl
Change the custom time as you prefer
with the graph of this
-2.8 + 5.2/57(number_of_months_since_Jan_2009).
To anyone, if we could get a graph over actual prices, and then an extension of the regression line past where we are today into say, 2014, I'd greatly appreciate that
Somebody with more skills, please!!
though if you already have the data entered in...
To anyone, if we could get a graph over actual prices, and then an extension of the regression line past where we are today into say, 2014, I'd greatly appreciate that
Somebody with more skills, please!!
Sigh, there was so much time to buy cheap coins.
still is*
Sigh, there was so much time to buy cheap coins.
In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
It's still at least a 1500-bagger
Good brainwash - $300k is now "conservative" as Chamath estimated $0.5-$1M...
Hehe, and people on reddit call each other insane for predicting $1000 by 2014. lol. Some clearly haven't grasped the enormity of what is hitting them yet.
Meh, it's a little disheartening to hear people think that way. They're clearly thinking along the lines of "That means my 50 BTC will be $50,000! No. Way!". But all that's saying to me is how overvalued $50,000 is to them, not how crazily Bitcoin is appreciating. Reminds me of being a kid visiting Italy, 1,000,000 lira was the equivalent of about $50. I've always understood since being that young that a million of anything makes you ask the question, "yeah, but a million of what, exactly?".
In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
It's still at least a 1500-bagger
Good brainwash - $300k is now "conservative" as Chamath estimated $0.5-$1M...
Hehe, and people on reddit call each other insane for predicting $1000 by 2014. lol. Some clearly haven't grasped the enormity of what is hitting them yet.
In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
It's still at least a 1500-bagger
Good brainwash - $300k is now "conservative" as Chamath estimated $0.5-$1M...
In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
It's still at least a 1500-bagger
In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
Quote
More long-term targets:
- $1000: May 2014
- $10,000: April 2015
- $300,000: August 2016.
- $1000: May 2014
- $10,000: April 2015
- $300,000: August 2016.
Yeah and applying that logic for Microsoft share beginning since ther IPO and ending in the year 1998 oder 2001 one share costs now 100 gazillions
We're at the beginning of the S adoption curve so these predictions aren't completely unreasonable. Of course at some point the growth will level off.
I'm so proud I have 3 of these
I like to spend them whenever I have time for a conversation about bitcoin, but then it is pretty easy for me to get more as I don't pay much for shipping.
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