This knowledge will help you minimize risk and maximize profits in the unpredictable cryptocurrency market, according to the Bemarketbit exchange.
Albert Einstein once said:
Look into nature, and then you will understand everything better.
There is a pattern in the natural world that surrounds our daily life. It is found in nature, used in psychology, statistics, graphic design, the stock market, and is probably the most important mathematical function to know when it comes to entering and exiting cryptocurrency markets.
First described by the German mathematician Karl Gauss, this mathematical function has many names (depending on the discipline to which it is applied).
Also, according to the founder of the Bemarketbit exchange, if you are a graphic designer, you may know this by the name of the Gaussian function (or Gaussian blur). In statistics, this is often referred to as the “normal distribution” or “standard deviation” because it is used in probability distributions. However, most people are probably familiar with its common name “bell curve” — the name that best describes its shape.
The bell curve is easily identifiable and is an important method used in the stock market to determine the best time to enter or exit the market, and equally can (and should be used) investors in cryptocurrency.
The bell curve can be found in almost all aspects of life, and it has been proven in many different disciplines to be very accurate when applied.
For example, if we look back at the first major bullish growth of Bitcoin at the end of December 2017, when the price fell from $3,000 to almost $20,000, we can determine the shape of the bell curve.
Again in the middle of 2021, we saw that the same curve manifested itself in the price of Bitcoin, which rose sharply from $ 11,000 to a peak of $63,000, and then fell again to $ 30,000.