[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 14 KB, 220x165, 220px-Comparison_mean_median_mode.svg.png [View same] [iqdb] [saucenao] [google]
7534079 No.7534079 [Reply] [Original]

>> No.7534655

big if true

>> No.7534719

>>7534079
The mean is closer to like 1240 actually. Bitcoin was under 1000 for a long time.

>> No.7534816

Bitcoin has been growing exponentially since it started being sold, only retards can't see this

Falling 50% doesn't break the trend

>> No.7534859
File: 12 KB, 204x154, 980872.jpg [View same] [iqdb] [saucenao] [google]
7534859

>>7534816
Literally the newest person on the internet

>> No.7534916

>>7534859
Except I'm right

>> No.7535063
File: 759 KB, 1200x1719, em1512879965045.jpg [View same] [iqdb] [saucenao] [google]
7535063

so I just checked and the mean of all daily Bittex data is
$2845

And this doesn't take into accoun the first 6 years where you're below $400.
So $1500 is a more realistic all time estimate.

>> No.7535163

>>7535063
I also just checked that the mean of the value of an ounce of gold since 1960 is $250

And that doesn't take into account the 11 billion years gold has existed before the invention of the dollar.
So $0.000000000000000000000000000000000000000000001 is a more realistic all time estimate

>> No.7535220

>>7535163
this is literally how dumb the FUD fucks think we are

>> No.7535273

>>7534816
>potato has been growing exponentially since it started being sold, only retards can't see this
You are this retarded.

>> No.7535330

>>7535063
STOP TAKING THE MEAN OF SOMETHING EXPONENTIAL YOU FUCKING RETARDS

>>7535273
Have you heard of the concept of a log chart? Look at one and note that it's A FUCKING STRAIGHT LINE for bitcoin

>> No.7535494

>>7535330
>Have you heard of the concept of a log chart? Look at one and note that it's A FUCKING STRAIGHT LINE for bitcoin
Not a bad point, it's been doing a nice straight line until now. Mean would be somewhere around 3k$ maybe?

>> No.7535568
File: 7 KB, 354x427, Crash2.gif [View same] [iqdb] [saucenao] [google]
7535568

>>7535330
Exponential curves have the interesting property of not being sustainable.
Plot a log chart forward 100 years into the future and suddenly bitcoin is valued at so high a number than there aren't enough atoms in the universe to encode it.
Nothing is exponential in the long term and crypto was only exponential as long as there were potential buyers to propagate the crypto meme to.

>> No.7536681

>>7535568
>Exponential curves have the interesting property of not being sustainable.
>literally the opposite is true
>linear gorwth cannot go on forever, log growth finds its natural ceiling as time progresses
jesus christ is this sub infested with retarded man children?

>> No.7536812
File: 89 KB, 600x450, 1351763402001.gif [View same] [iqdb] [saucenao] [google]
7536812

>>7536681
Have this early-2010s reaction image, it's the best I can do.

>> No.7536975

>>7535568
>crypto was only exponential as long as there were potential buyers to propagate the crypto meme to.
search interest is declining...I wonder where the price will go next?

>>7535163
that's why you use a shorter term MA or EMA
100 week EMA puts the mean since the beginning of the bull run at 4.4k

>> No.7537036

>>7534719
this is the dumbest thing that I have ever read on this board...perhaps even 4chan all-together. My only hope is that it is spill-over from reddit (I woulen't know; never been) and that your stupidity is not contagious.

>> No.7537364

The enlightened understand that it is logistic growth

>> No.7537659

>>7537364
STEM freshman detected.