Post
Topic
Board Speculation
Re: $/BTC Time Series Analysis
by
xjosx
on 13/08/2011, 08:08:21 UTC
2011-08-14   $9.207   $10.130
2011-08-15   $8.808   $9.490
2011-08-16   $8.840   $9.133
2011-08-17   $8.775   $9.295

All due respect (IMO your a very intelligent guy) but didnt your analysis also predict a value of $10 - $13 over the next few days the day before it crashed to $6  Huh

I guess the better way to look at the forecast isn't "what will likely happen" but "what will likely happen if trends remain constant in direction and magnitude." To predict group variability with total accuracy is impossible; can you tell me what the overall luck for all miners will be tomorrow? Likewise, predicting outliers isn't realistically going to happen as the events that triggered the crash was a chain event, a butterfly effect, not just one big drop.