newblockera on Nostr: If #Bitcoin goes from $0.01 to $1.00, it will have increased by a factor of 100. If ...
If #Bitcoin goes from $0.01 to $1.00, it will have increased by a factor of 100. If it continues to grow at the same rate, it will indeed reach the following prices:
$1 (100 times the initial price) $10 (1,000 times the initial price) $100 (10,000 times the initial price) $1,000 (100,000 times the initial price) $10,000 (1,000,000 times the initial price) $100,000 (10,000,000 times the initial price) $1,000,000 (100,000,000 times the initial price)
This pattern of growth, where each subsequent stage is a fixed multiple of the previous one, is an example of exponential growth. In this case, the price increases by a factor of 10 at each stage. #nostr
$1 (100 times the initial price) $10 (1,000 times the initial price) $100 (10,000 times the initial price) $1,000 (100,000 times the initial price) $10,000 (1,000,000 times the initial price) $100,000 (10,000,000 times the initial price) $1,000,000 (100,000,000 times the initial price)
This pattern of growth, where each subsequent stage is a fixed multiple of the previous one, is an example of exponential growth. In this case, the price increases by a factor of 10 at each stage. #nostr