The Logistic S-Curve
The logistic function F(x) = 1 / (1 + e-x) was developed to model the growth of a population that multiplies until constrained by exhausted resources. It has the property of exponential growth to the midpoint, followed by exponentially slowing growth.
In my application of the model, the population consists of all speculators who will ever buy bitcoins. That population grows as bitcoin knowledge spreads to new speculators, and that population is eventually limited by the finite number of available speculators. The price series of bitcoin is subject to bubbles and crashes that are ignored by the model, rather the model addresses the price trend.
The S Curve is plotted on my chart using a logarithmic price axis, and thus does not directly resemble the Sigmoid graph above.
The logistic function F(x) = 1 / (1 + e-x) was developed to model the growth of a population that multiplies until constrained by exhausted resources. It has the property of exponential growth to the midpoint, followed by exponentially slowing growth.
In my application of the model, the population consists of all speculators who will ever buy bitcoins. That population grows as bitcoin knowledge spreads to new speculators, and that population is eventually limited by the finite number of available speculators. The price series of bitcoin is subject to bubbles and crashes that are ignored by the model, rather the model addresses the price trend.
The S Curve is plotted on my chart using a logarithmic price axis, and thus does not directly resemble the Sigmoid graph above.
check,
http://b-gat.es/1cnazWY
Well. This might be true for credit-driven debt-based cyclic economy. Nevertheless Bitcoin is (among other things) deflatory currency. This video is interesting, but basically promotes classical economic view, "important role" of central bank and government, necessity of
I do agree that the video is more related to Keynesian economics point of view ( government should intervene every time the economy went wrong hence opened to abuse but he also said that deflation can be generated by an aggregate supply lower than of potential output and hence can earn their own pace to establish themselves in the economy by creating expectations of deflation demand for future years. ) and not exactly the view of Chicago school of economics
but what really caught my attention was the function $ curve ...
witch can be used for a broad types of analysis 