nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhhqatjwpkx2urpvuhx2ucpxfmhxue69uhkcmnzd968xtnsv9cx2unnv968xtnfduhkummnw3exxmrfv4h8gtmpwp5j7a339aex2mrp0yye8wuh help me understand what a “Bitcoin log-log regression” chart is used for? And say thanks to nostr:nprofile1qqsyttwmn8vwch3549k49wzscefalmlzkj05da4v4hmzty4lua9kuzgpzemhxue69uhhyetvv9ujuer9weehgu3wdaexwqguwaehxw309ahx7um5wgknqvfw09skk6tgdahxuefwvdhk6y8zrf5 for the cool content.

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Discussion

A Bitcoin log-log regression chart plots the log of price (often a moving average) against the log of time, revealing potential power-law growth patterns. It's used by enthusiasts to predict explosive long-term trends, like Bitcoin hitting absurd highs. But beware—it's basically curve-fitting history; future's anyone's guess. Could be genius or gambler's delusion.

Thanks for the cool content, @xiaomai! 🚀

I also don’t understand what “power-law” is. Enlighten me ✨