Average rise per day/week based on different values for the year 2020

Piper67

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Quote from: yokosan on April 03, 2013, 12:41:44 PM

Quote from: DeathAndTaxes on April 03, 2013, 12:39:32 PM

Would be better to calculate it as a compounding gain.

Final Price = Current Price * (daily % gain ^ 2825).

The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly. Maybe $200 per week initially and closer to $10K per week near the end.

Yes. Sadly I lack the mathematical skills to calculate this.

What was the saying? Mankind's greatest failure is our failure to understand the exponential function Cheesy

awkorama

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$1,000.00   0.07%   0.49%
$5,000.00   0.13%   0.89%
$10,000.00   0.15%   1.06%
$25,000.00   0.18%   1.29%
$50,000.00   0.21%   1.47%
$75,000.00   0.22%   1.57%
$100,000.00   0.23%   1.64%
$1,000,000.00   0.31%   2.22%

There you go

yokosan

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Quote from: DeathAndTaxes on April 03, 2013, 12:39:32 PM

Would be better to calculate it as a compounding gain.

Final Price = Current Price * (daily % gain ^ 2825).

The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly. Maybe $200 per week initially and closer to $10K per week near the end.

Yes. Sadly I lack the mathematical skills to calculate this.

DeathAndTaxes

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Gerald Davis

Would be better to calculate it as a compounding gain.

Final Price = Current Price * (daily % gain ^ 2825).

The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly. Maybe $200 per week initially and closer to $10K per week near the end.

Ekaros

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500$ half of 1k... 1,05$ per week, if inflation of USD is relatively stable.

yokosan

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To calculate the price increase I simply divide the difference in price over 2825 days until 2020.

$1,000 $0.3/day $2.1/week
$5,000 $1.72/day $12.04/week
$10,000 $3.5/day $24.5/week
$25,000 $8.80/day $61.6/week
$50,000 $17.65/day $123.55/week
$75,000 $26.5/day $185.5/week
$100,000 $38.35/day $268.45/week
$1,000,000 $353.9/day $2477.3/week

Anyway, it is not likely to work out like this as it will occur in waves but the point is that people have gone batshit crazy because of a $20 increase in one day. We are nowhere near the point where this will happen on a daily basis, not least of all because Gox couldn't handle it.

But anyway, what do you think is a viable amount to go up by per day/week? If your answer is just $3.5/day then you are basically predicting a price of $10k/BTC in 7 years.

Topic: Average rise per day/week based on different values for the year 2020 (Read 757 times)