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30 sats \ 4 replies \ @optimism 20 Oct \ on: Research in Public #06: Unprofitable users exit more when btc price high econ
If anything, if most of us behave according to 1 sat = 1 sat, we shouldn't expect to see the dollar-denominated price matter that much.
But didn't you just disprove that 1sat=1sat? This kind of confuses me.
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200 sats \ 3 replies \ @SimpleStacker OP 20 Oct
I showed that it matters directionally, but that the effect looks fairly small in magnitude (a huge swing in monthly price growth from -5% to +5% would only change the exit rate of an unprofitable user by 0.8 percentage points).
So, either all users are responsive to bitcoin price, just minimally so, or most users are unresponsive and a few are responsive.
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30 sats \ 2 replies \ @optimism 20 Oct
Oh I get it now, I had a reading comprehension fail there, apologies.
Thanks for patiently explaining!
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100 sats \ 1 reply \ @SimpleStacker OP 20 Oct
No need to apologize. Proper interpretation of research results can get pretty nuanced, which is why it's hard to write about, and even harder to read about sometimes.
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30 sats \ 0 replies \ @Undisciplined 21h
There's an important distinction between statistically significant and actually significant.
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