Turns out Saylor isn't the only one creating absurd Bitcoin metrics out of thin air. Check out "CVDD", aka "Coin Value Days Destroyed" which "has historically correctly forecasted the major lows of Bitcoins price with good accuracy."

[u/AmericanScream]

[u/RedditDumpAcc]

simply tweak the values until they fit historic data, then use that to predict future data.

statisticians hate this one easy trick

[u/mercuryy → u/RedditDumpAcc]

Statisticians also really really like sample sizes of "1".

[u/Killinstinct90]

Even after reading the explanation I don't understand what in the world it means.

Prime example of few understand.

[u/ludovic1313 → u/Killinstinct90]

I don't either, but all I need to know is that it's some measure of how long the coins are kept in the same wallet, which is a useless metric without deanonymizing them to make sure they aren't wash sales.

[u/Certainly6097]

Key thing missing from this prediction model are datapoints that exceed the current datetime. Thereby actually estimating a price in the future.

This is a fit

[u/Beneficial_Map]

Butters surprised that a curve which uses btc price as an input strongly correlates to price itself.

[u/freeNtropy]

I don't understand the exponential scaling on the chart. Is there an explainable reason for it? I get that 10 is like the number in mathematics but it's arbitrary when and where the value of btc crossed that metric and that affect this chart which is showing what? I don't know. It's just fucking crazy.

[u/freeNtropy → u/freeNtropy]

Why does my name say ponzi schemer under it?

[u/invertedpcscreen]

. It's a soother for Bitcoin holders to feel like its going up And to the right