Post
Topic
Board Economics
Re: Slippery Slope's Million Dollar Logistic Model
by
bitwager
on 31/12/2013, 06:40:49 UTC
Agreed that the Log(Log) graph fits recent data better, however there is no principle behind the equation as there is with a logistic model of population growth with resource constraints.  The Log(Log) model suggests that prices during 2014 will reach 100000 USD by summer 2014. To me, this is not a plausible growth rate for bitcoin prices.

I believe that 2012 simply under performed and that 2013 over performed with regard to the log trend line.

justusranvier brought up a great point in that USD purchasing power has been following an exponential decay model.  Doesn't that suggest the growth should be super exponential, at least for some phase?

https://bitcointalk.org/index.php?topic=178336.msg4210004#msg4210004