Post
Topic
Board Economics
Re: BTC/USD fx rate back onto 3-year trendline
by
solex
on 02/07/2013, 06:31:27 UTC
I appreciate the effort but without more information this chart is of dubious value. What is the trendline based on? Unless it's based on stats and/or financial indicators then there's just too much room for curve-fitting and, effectively, useless.

There is no magic. The chart is average daily mtgox values, presented on a log chart with a least squares straight line (exponential, of course). Obviously the future is hypothetical, but this is the best fit projection using known data.