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Author Topic: Monthly average USD/bitcoin price & trend  (Read 117348 times)
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AizenSou
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February 24, 2015, 10:34:47 PM
 #581

Our only hope is now on the Winklevii brothers to deliver a solid alternative with the Gemini exchange. I really really really hope they don't fuck up, that would be terrible. If even the supposedly trusteable exchanges like theirs fail to be solid, then it's game over.

Well, that sounds really really pathetic.
Why would we be dependent on two twins.
If bitcoin was only dependent on them, it would be a *massive* failure already.

+1 true.
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August 22, 2015, 02:01:16 AM
 #582

using today's values based on OP's formula the bit coin price should be:


10^(-2.869800 + 0.003012 * ((number of days since 2009 Jan 03)/days)) =

$26,439


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rpietila
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August 22, 2015, 06:38:50 AM
 #583

using today's values based on OP's formula the bit coin price should be:


10^(-2.869800 + 0.003012 * ((number of days since 2009 Jan 03)/days)) =

$26,439

The coefficients -2.8698 and 0.003012 are dynamic and recalculated daily from past price data.

So it's more like $5,000 now - which still IS somewhat higher than the actual price  Cheesy
wicks
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August 30, 2015, 12:11:54 PM
 #584

Not sure if this has been posted but this is the calculation of where today's price is versus the trend line
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November 22, 2017, 03:33:13 PM
 #585

using today's values based on OP's formula the bit coin price should be:


10^(-2.869800 + 0.003012 * ((number of days since 2009 Jan 03)/days)) =

$26,439

The coefficients -2.8698 and 0.003012 are dynamic and recalculated daily from past price data.

So it's more like $5,000 now - which still IS somewhat higher than the actual price  Cheesy

Hi, I'm struggling to reproduce / update these coefficients based on current data - can you please point me to an example / excel spreadsheet with formulas? Or is it an iterative approach?
Thanks.
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November 23, 2017, 05:25:03 AM
 #586

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Rand0mId0it
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November 23, 2017, 06:57:34 AM
 #587

Thank you for reactions men. I am pretty sure this belongs somewhere else.I'm quite acquainted with white-colored document and howOrwhy bitcoin uses POW. I am trying to get to my own understanding of regardless of whether so much power is required for that Bang in the long-term. It may in fact be important, as RP recommended. However, once we go forward the energy costs turn out to be completely huge, then one about that appears InchincorrectInch and "unneededInch to me. Maybe it's exactly what a worldwide common journalOrblockchain requires and it'll dislodge a number of other wasteful energy expenditures, but I think there must be a better way. I understand POS is a different way to go, using its personal problemsOrrestrictions. Anyway I have to plunge deeper.I will provide these inquiries to another line.
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November 23, 2017, 07:44:54 AM
 #588

Friends don't allow buddies smoke cigarettes and publish.
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