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Regression to the mean

Regression to the mean

Bitcoin Reddit

Reddit / Bitcoin Reddit 19 Views

I've been into bitcoin since 2015. I now ignore TA as I feel it has proven mostly useless. At this stage there are too many random factors to make accurate predictions of any kind in the short term.

There are two reasons I continue to hold:

  1. I believe in the concept of crypto, that it will be useful in the future.
  2. Regression to the mean.

The price of bitcoin continues to rise when averaged over longer periods of time. I see no reason this will change.

submitted by /u/Vigilante_Gamer
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