Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21253715 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
aminorex
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March 17, 2014, 06:51:05 AM



The line is technically only straight on Log plots, its a exponential formula that appears straight when the y-axis is log. I personally don't ignore any relationship that has an R squared of >0.9 . Can it be wrong? Sure. Does the trend show a close relationship of the two variables, you bet.


edit: accidentally wrote "logarithmic", now fixed

Using all data since the inception of MtGox gives and Rsq of 0.879, still very impressing:

https://bitcointalk.org/index.php?topic=470453.msg5739610#msg5739610

I like the wallets squared model better.  It actually explains something.  You do know that an exp(exp(t)) model actually fits better, with higher R^2, right?