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Predicting the next Bitcoin Crash

...but by Christmas 2014 the Price Might Go over $1,600!

Bitcoin 2013 price prediction

Can Bitcoin crashes be predicted? Short answer: yes. Long answer: assuming that Bitcoin prices follow an exponential growth pattern we can apply statistical regression analysis to forecast data. Regression means to fit the data to the most accurate model. This allows to predict the chance of a crash by looking at how much Bitcoin’s prices differ from statistically expected values. Bitcoin’s current (November 2013) prices overshoot expected values by 100%. A price correction seems imminent.

I...

First World Pecking Order

Why Immigrants to the West Often Feel Discriminated

Immigrants coming to the First World, the West, often feel discriminated. In their own view, they fell discriminated against on the basis of the color of their skin. A complaint often heard goes that Western societies look at what immigrants can’t do, rather than what they can do. 

The truth, however, may be diametrically different. Most Western societies—whether or not founded upon democratic principles of equality, rule of law and economic freedom—tend to be governed by steep social...

Spontaneity and Happiness

Psychoanalyst Dr. Alice Miller's Theories on Child Rearing

When you are born, in essence you receive a unilateral subscription to your parent’s services. As a newborn child you have no influence over the parenting service’s terms and conditions. Most parents will choose to provide healthy services such as tender loving care, providing a safe and protective environment for a child to explore spontaneity and happiness, emotional warmth and support, help with discovering appropriate physical and psychological boundaries. It’s all coloured by the culture one...

Words of Wisdom

Two Profound Insights Taught by Steve Jobs

When asked if the societal impact of Apple’s inventions resembles a new Renaissance, Steve Jobs answered his work resembles nothing like it. The tech industry is such a unique one that whether writing code or making hardware your work will be obsolete within a decade. “Everything I’ve ever done will be obsolete by the time I’m 50.” In the same interview Jobs is asked about his view of the world. When we are born into this world we are told “this is how the world works”. Job’s counters that idea...

Chasing Meaning

Why Stress is Good for You

Rodin & Renoir by Frank M. Rafik, Flickr, CC BY-NC-SA

Psychologist Kelly McGonical explains in her TED Talk why stress can be good for you. In her final remarks she recommends to “chase meaning in your life and accept the stress that comes with it.”

McGonical, game theorist Jane McGonical’s twin sister, may...

Keynes versus Friedman

Why the Rich Keep Getting Richer

Margareth Thatcher would argue that we should not worry about the increasing wealth gap between the rich and poor so long as the poor are also getting richer. On the other hand her opponents would point out that the rich are getting richer much faster than the poor. Why is that?

It is the classic debate of macro-economic theorists John Maynard Keynes vs. Milton Friedman. In essence Keynes warns us...