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Lower your price-preference and lower your time-preference
150 sats \ 4 comments \ @mattsats 3 Apr 2023 bitcoin
I made this website to illustrate how price sensitive most people are, and to show how impossible the 1M 90day BTC bet is.
A simple linear regression does a better job than most youtube or patreon TA's ever will.
Check it out and let me know what you think. Is this BS, @ darthcoin?
https://loglogbtc.com/
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3 sats \ 1 reply \ @DarthCoin 3 Apr 2023
All TAs and price predictions are useless, waste of time. All these predictions are flawed. Why? Because we are not here to sell back for fiat. We are here to fuck the banks with freedom money.
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0 sats \ 0 replies \ @mattsats OP 3 Apr 2023
I totally agree with you Darth.
Price predictions are useless that’s why I made no price predictions. As you can see the website intentionally did not extrapolate the line beyond today. it displays only past history.
You can’t argue that price is important for one thing (and I argue one thing ONLY):
Miners gotta plan ahead and pay our enormous electricity bill.
Otherwise, TA fuckbois can go fuck themselves.
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3 sats \ 1 reply \ @ek 3 Apr 2023
Check it out and let me know what you think.
Where do the numbers 4.8 and 85 come from in the equation at the bottom?
And maybe add in which currency the price is.
But all in all, cool website. I like how simple it is
Is this BS, @ darthcoin?
If you wanted to mention @DarthCoin, that's how you do it
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0 sats \ 0 replies \ @mattsats OP 3 Apr 2023
Great question! Those two numbers were found by curve fitting the price to a line. Slope and y-intercept.
I used Python and NumPy to do this using this one liner:
polyfit(log(time),log(price),2)
which returns approximately [4.8,85]
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