...
No, it's called a negative feedback loop and should probably respond like any other damped oscillation.
...
No, it's called a negative feedback loop and should probably respond like any other damped oscillation.
...
Not all negative feedback loops result in damped oscillation. Oscillators, for instance, are simply a negative feedback loop with a time delay.
This is sorta important to remember, and the reason not everything should be modeled on pendulum of a run-down clock.
Well, the time delay arises from the properties of the system. And it's true that not all negative feedbacks result in damped oscillations, those are unstable systems which has not been evidenced in either the price markets or the mining markets.
There is also little evidence to suggest that damped oscillation model is useful in modeling markets or Bitcoin mining.
*shrug*. I see it quite often. Usually those TA people like to call it triangles or somesuch but I am not a TA guy so I could not attest to how "useful" it is. But I am not arguing for its usefulness for modelling, merely making observations.
Yeah, I see it often too & have as much faith as you in TA.
Waiting for the reward halving* & watching 1/2 of the mining gear go offline. Ready-made 51% attack in the making

*If Bitcoin survives. Just one of the possible scenarios, but something to think about.