Ha :)
I just finished the analysis on STEEM price long term. It is pure statistics and cant tell for sure, but the average is 1,54 on 01.01.2019. More than two years data is used for this analysis.
The R Squared value just for STEEM is very low 0,21, meaning it is almost impossible to predict the price just as function of time, from statistical point of view.
Unlike Bitcoin, where this value is 0,5.
To compensate for this, Bitcoin price is included in the method. With more than one variable, time and BTC price, the method is called multilinear regression :)
Hope it's right. :)
There is a 53% chance :D
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If this is correct that’s not a good coin to have.
It’s horrible :/
The numbers are not accurate. They represent a possibility for that to happen, in this case with a 53% chance. They are closely correlated with BTC. That gives them more probability. If just the price of STEEM is analysed as a function of time, the forecasted numbers are much higher, but the probability is much lower :)
Once again this is just statistics.
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so your advice is to hold? steem is not sinking? steemit isnt dyng?
Me personally, I'm here to stay :)
A lot of interesting projects are happening on this platform.