Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
But there does not seem to be a positive correlation between [ the number of active wallets ] and the price, since December:
https://blockchain.info/charts/n-unique-addresses?timespan=180days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0
In fact, from Dec/01 to Feb/28, the correlation seems to be strongly negative - when one increases, the other decreases.
https://blockchain.info/charts/n-unique-addresses?timespan=180days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0
In fact, from Dec/01 to Feb/28, the correlation seems to be strongly negative - when one increases, the other decreases.
Aminorex was talking about long term, and then you are talking about from December 2013 to February 2014... You could even selectively pick any time between December 2013 and present and find various anomalies.
If the number of active wallets N(T) was connected to the price P(T), in four months during which P(T) varied up and down several times, by 40% or more, we would expect to see at least some corresponding variation in N(T). I don't see that.
If we are supposed to look only at the long term (3 years) and ignore any deviations spanning 4 months or more, then the statement is not convincing because we get two steadily exponentially quantities, so that any other exponentially increasing quantity -- such as the increasing quantity of CO2 in the air -- would "explain" the increase inP(T) just as well as N(T).
selectively pick from December 2013 (the top of the price)
I don't know why some Americans are worried about the American economy; if one looks at the last 600 years, ignoring small variations, it has been a tremendous growth.
Fuck..... You know [ ... ], Jorge, [... ] This is a repeated SPIN theme with you to [ ... ] That is hardly academic, random or objective... YOUR working with the "facts", in fact, ridiculous and misleading for you to attempt to make your point(s) about the supposed downfall of bitcoin by selectively choosing your comparison reference points.
It is a pity that my Exemplary Lesson got punctured, you would definitely need to get it now.
Look, I understand that you are frustrated by this irrelevant price oscillation that has been going on since December. But it is not my fault, is it? You must have done something to deserve such punishment from the Bitcoin Goddess. Did you perchance tread into her temple with dirty shoes? Break a sacred jade mirror? Kill an albatross? Offend an old teacher?