Post
Topic
Board Economics
Re: Slippery Slope's Million Dollar Logistic Model
by
SlipperySlope
on 21/03/2014, 19:46:24 UTC
I still think you're kinda nuts, but it's fun to keep dreaming with you during this fun ride, up, down, up, down... Wink

You can manipulate charts/lines almost anyway you want to make a point.  I'm not saying you specifically are doing this, but you are certainly "reaching" a bit.

I use a simple, widely applicable, mathematical model to explain historical bitcoin prices and to characterize the circumstances in which exponential bitcoin exponential price growth eventually slows down. Fitting the model requires me to guess at a maximum bitcoin price, and I selected 1 million USD per bitcoin as explained earlier.

I figure that 2014 is the last year in which ordinary persons will be able to afford a whole bitcoin, because the logistic model suggests prices next year will range between 10000 and 100000 USD. Glad that you are along for the ride.