Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
You composition actually makes the rate at which BTC increases dependent on the rate at which USD decreases. Was that what you had in mind?
The BTC exchange rate depends on two related but independent factors: it's inherent utility growth due to increased adoption, and the simultaneous degradation in the USD which it is referenced to.I agree with Peter R.'s "rationalization" of a super exponential function above (I agree, even though I don't really *believe* in it), but I don't agree with what you're saying. if btc adoption growing exponentially towards infinity (f) and usd degradation exponentially decreasing towards 0 (g) are independent of each other, as you stipulate, what you're looking for, price p as f over g, is
f(x)=e^x
g(x)=1/h^x
p(x)=(e^x)/(1/(h^x))=(e^x)*(h^x)=eh^x
It's late and I'm midly drunk , so by all means tell me where you think i went wrong.
Wow. I have never been drunk and I can't even begin to do the math that some of you can do in a slightly drunken state. Impressive
