Predicting bitcoins price is damn hard that said at least this article tried to find a way to do that
But they do admit it
Spoiler alert: You can’t predict Bitcoin’s price.
Was an interesting enough read though
Topic: [2014-07-22] Investing 101: How to Predict Bitcoin’s Price (Read 1084 times)
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I don't think it is possible to predict anything for 100%. or event with 50% probability when it comes to price.
Technical analysis is nothing more than financial astrology.
There is no need for a complete analysis.. you just need to know the price in 2016.
Quote
The best any of us can do is rely on mathematical models to give us confidence in our own educated guesses as to whether the exchange value of a Bitcoin will go up or down tomorrow. Anyone who tells you any differently has a wagon full of snake oil to sell.
The models need to be filled with a lot of data, to make even a somewhat accurate prediction. There is so much data out there, that it is confusing which data will be useful and which not - and in addition it is often messed up data (in various forms).
I'm wondering if they're alluding to a black swan event in a positive or a negative connotation. Since the future is unknown, guess it could be either but w/ all the upside to BTC I imagine the former.
Technical analysis is nothing more than financial astrology.
http://cointelegraph.com/news/112115/investing-101-how-to-predict-bitcoins-price
The best any of us can do is rely on mathematical models to give us confidence in our own educated guesses as to whether the exchange value of a Bitcoin will go up or down tomorrow. Anyone who tells you any differently has a wagon full of snake oil to sell.
“Predicting the future price of any asset is a very difficult undertaking,” cryptocurrency researcher Fernando Ulrich told CoinTelegraph. “Even more so for a totally new and unprecedented asset like cryptocurrencies in general, and Bitcoin in particular.”
The best any of us can do is rely on mathematical models to give us confidence in our own educated guesses as to whether the exchange value of a Bitcoin will go up or down tomorrow. Anyone who tells you any differently has a wagon full of snake oil to sell.
“Predicting the future price of any asset is a very difficult undertaking,” cryptocurrency researcher Fernando Ulrich told CoinTelegraph. “Even more so for a totally new and unprecedented asset like cryptocurrencies in general, and Bitcoin in particular.”
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