Topic: Bitcoin price predictions based on actual data / mathematics (Read 244 times)

The "actual" and "data/methematics" kind of gave it away in the title to be honest! I think anyone who opens an argument with saying they are using actual things are actually doing the opposite;)

Data-based technical analysis is usually good enough for me. I won't believe it but I find it much more interesting than all these other supposed hypothesis based "actually" on opinion;)

What money are you talking about here.? I thought we are talking about the price of bitcoin and how to double it with doubling also the market cap. And there are so many big investors who tend to buy and hold bitcoin, and big companies who invested into it. Why ask where is it coming from?


Others predicted the price of bitcoin as 1mil to 100mil but they definitely saying it that it will happen few years from now. Some just speculated it based on the previous history of btc, some also used technical analysis  as their basis.

You say based on actual data/mathematic, I just say this is a stupid statement based on a newbie in cryptocurrency..

How many people that already know about bitcoin?? Still, a lot of people don't know, what will happen if all people around the world know it?? Then they withdraw all their money from the bank go to Bitcoin??

So, learn about Bitcoin before make a stupid statement "will drop massively maybe to 0".. lol

There is some truth to this sort of calculation.

I think that a better valuation metric would perhaps be looking at the current market capitalisation of gold and silver - a vast majority of that will eventually translate into demand for BTC as more people realise that BTC is the far superior, more convenient long term store of value.

But this won't help predict short term price movements whatsoever. That is totally arbitrary based on how buyers and sellers feel on the day.

When are you "crypto" people going to realize that only real Bitcoin matters?

Don't let corporate scammers like Ripple rip you off with their unlimited-supply, pre-mined, centralized garbage.

Don't con yourself by thinking Bitcoin is "too expensive". You can buy over 1666 satoshis for only a dollar.

Don't underestimate the importance of being the first, of being immune to interference from governments and other corporations, and being completely decentralized without a CEO, physical address, website, or other vector of attack. Its strength lies in being just a software protocol running on a peer-to-peer worldwide network of independent individuals.

Don't be scammed.

I didn't hold some particular amount of btc for now because it was too expensive, and currently the price hasn't decline so I preferred to hold some altcoins which I seen to have good potential. Right now I got reef coins and xrp as my main portfolio, and also looking forward for another promising coins that would fill my asset in future trades once bitcoin also go down, I've more chance to invest if it goes cheaper someday.

I'm just gonna respond to this....yikes! First thing in crypto you should be doing is getting your hands on Bitcoin. XRP is probably the last thing you should be getting, well, I'd put xrp in the same bucket as bch and bsv: pure trash. I guess you're new to crypto. Advice from someone who has been around for a bunch of years - sell your xrp and put that into Bitcoin. Forget about shit coins like xrp. Focus on Bitcoin, Ethereum, and other major use cases and platforms. Stuff like smart contract platforms, chainlink, polkadot, maybe specific applications that you believe in. XRP is probably the single most over valued coin in crypto. I know I didn't answer your actual question on the thread but the "no btc mainly XRP" statement sent shivers down my spine. NOBODY should have a portfolio that lopsidedly terrible.

They arent doing equal tasks there, Visa has the easier job by far.   I think bitcoin will need to progress but its not purely about that comparison as its already the case that far more transactions denominated in BTC are occurring off the blockchain then on it.   If we could total up all the tx occurring in a related way on each website in the name of BTC but not being logged on the blockchain then we'd see a far higher figure.     Ideally I'd like to see us move away from leaning on each website for security and integrity, there has to be a half way between the big blockchain and settlement of the individual amounts.
  The heights of Price by itself isn't the success I want to see but the breadth and base to Bitcoins abilities would be far more impressive to me.

I'm a Gen X, literally the very last year of the understood Gen X timerange, straddling the time as analogue moved over to digital so I was actually lucky enough to still experience almost everything you'd mention (Southeast Asia so we maybe lagged behind for a while).

Dad took me to matinees, and I remember our tickets were 2 units of our currency but it would include roasted sunflower seeds or steamed chickpeas (whichever you preferred) so I watched Rambo and Die Hard with a full stomach. Then you'd go for a coffee and streetfood that cost the exact same amount. 2 units or 50 "cents" for the coffee and 1.50 for a bowl of noodles with mince and roast meat. I remember this very well.

Today, that same 2 units can't get even half a bowl of the same noodles. And the cheapest movie ticket now without frills is 15 units. You can get half price if you watch old releases. And countries neighbouring us have it much worse. Dollar was also 2.50 pegged for the longest time until the late 1990s... it's steadily grown to almost 4.50 now in the last 2 decades.

So not only are we putting up with inflation, the US dollar is being overvalued more and more every year.

And all that in 20-30 years. While min wage has only doubled since my parents first paycheque in 1970s to the 2000s.

Impossible for many people to see nothing but a dead end with national fiat.  People with privilege used to be able to open US dollar accounts at banks or even buy gold, but now it's Bitcoin that doesn't need privilege and access.

It is now much easier to buy crypto than any of your precious stocks or gold. It is easier than property as well, much easier.

That is at least 1 reason why buyers for BTC will not "run out" as soon as buyers for the near 100 per cent of your other investments.

"Gold"? Give me a break. Between 1975 and 2005 gold didn't even keep up with published inflation numbers, let alone real inflation.


Listen to some Michael Saylor as he pretty much debunks any of your assumptions in almost every interview.

The digitisation of virtually everything over the last few decades obviously points to a future in which also digital assets will most likely be far more successful than any cumbersome physical asset in the past (gold, paintings, wine). Indeed, even stocks, which 95% of the population on the planet don't even own and can't easily access.

No one owes you an explanation why BTC will work or not. Supply and demand is the main reason obviously.
If you don't believe anything you read here or elsewhere you are free to buy as much XRP as you can.

So far it has deflated hugely compared to BTC. Every few years it seems to fall on its ass back down to zero after some people claim it is the best thing in the world.
Like almost any shitcoin we have seen so far.


Quite sad really. But good luck to you.

The USD will lose 30% to inflation due to the amount printed for covid.

This is very likely a low number. As it will compound over time.

I am 64.

Movies in a movie theatre sat matinee a double header 2 movies a few cartoons and a race clip if your ticket number's last digit matched the winner of the race you got a toy boys got models girls got dolls.  This went on in the 1960's I must have went to 35 or 40 matinees back then.

50 cents ! For this deal. now 1 movie with no race ,no cartoons  is 9 dollars for a matinee

 Gasoline 19 cents.  now  2.99 in New Jersey
 
New mustang car 2900. 10 Models to select from $27,155 - $72,900 from this website. https://www.ford.com/cars/mustang/models/


my point is natural inflation in 55 years did those numbers.

I have not got into gold mining of asteroids which if successful will change gold's value as a storage of wealth bigly.

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/


Realistically if it is mineable at good value gold becomes common and would be used much like we use copper. Copper is okay for electrical uses gold is amazing and far better for electrical uses.

So If you are stack coin and not stacking BTC think gold is scarce good luck with that.

Fun experiment and yeah I remember that one, which makes $10 million Bitcoin impossible to imagine in 2010. But we're seeing steady growth in total wealth every year, so $10 million then equals to about $20 million Bitcoin today -- still impossible but it makes the $1 million Bitcoin "projection" all the more "plausible with every passing decade.

Plus we're getting USD pumped into infinity so who knows?

I hope you do not sell your bitcoin now because bitcoin will have a chance to break the next higher price.
If you do not have an urgent thing that needs money, you should hold your bitcoin and if you have the skills to trade, you can use some of your bitcoin to trade to make more bitcoin.
I can not predict how high bitcoin prices will increase this year because I am sure that no one will know for sure.
I hope all of your coins will increase, so you can have more bitcoin ready to sell in the next ATH of bitcoin.

BTC as they say is a speculative asset, the predictions are all speculations. the biggest so far that i've read was $1M. as much as i want that to happen, it will not probably go that high this 2021. the latest i've read on cointelegraph was $400k here is the article.

no one is sure how much will it go. if the institutions are really going to come and send in their money to BTC, its price will go up that's for sure yet no one will still be able to predict a certain number.

Marketcap is the currentprice X the total amount of coins.

1. Not all coins are accessible
2. Not everyone paid the current price for their coins
3. If everyone would sell it doesn't mean you get the current price

Aka Marketcap is a flawed concept and does not represent all the money that went into the system

If you make an utterly ignorant screed which demonstrates a manifest misunderstanding of Bitcoin, do not expect smarter people to jump to reply with scholarly analysis.


OK, you are just here to pump your idiotic shitcoin.


You should follow this man’s posts:

https://bitcointalksearch.org/user/proudhon-9636

He offers confirmed maths and science for proof that Bitcoin has already failed!

HTH.


Learn something about Bitcoin before you opine.  What you are saying is tantamount to a proclamation that the banking system must fail because SWIFT is too slow and expensive to use at the supermarket.  See my above post for some hints, and seek education about how this Bitcoin thing works.

---

Damn it, Phil, that merit is worth more than his whole shitcoin portfolio.



Imagine if gold had a built-in global settlement layer that worked over the Internet, upon which you could build rapid, low-cost payment rails for various different money transfer applications.

Your name suits the thread topic so well that I gave you a merit

Bitcoin is more than a currency 💴.

It is a store of wealth much like gold is used.

Gold is worth 8-11 trillion.

Thus bitcoin could replace gold or at least capture 30-40% of the market.

That would be as much 4.4 trillion.

Ok thanks for more replies everyone.
I agree with fundamentals of: most of the predictions seem to be based on nothing. A lot of the big predictions come from people that own funds that have btc in them and they take a management fee. So for Winklevoss twins that is 2% of 36 billion of btc = 700 mil usd a year ! thats quite a lot of money and is no wonder they constantly pump btc.

As for using btc for a day to day tx: imagine being at the supermarket and buying $20 worth of items, paying a $20 tx fee, and waiting 1 hour for it to clear. Not gonna happen obv. For big tx its ok I suppose but that represents only a small % of crypto holders let alone everyone.

If btc did see a big crash presumably the money would flow into other cryptos. That would be interesting.

As for those that just semi hyped btc you provided no math at all either.

I really dont know whats gonna happen but I made my decision to sell btc and buy mostly xrp and some other cryptos and in absence of some convincing mathematics to go back to btc i will stay as is. We will see which one works out better in 10-20 years from now

You seem to be the one making numbers up at this point. Claiming buyers, which basically includes everyone, would run out of money to invest in assumes that every asset will go to zero with no new influx of money.

• As high is sustainable at the time,
• This is almost impossible to calculate,
• With the rate at which institutional investment has been growing, we could have every public company trying to get Bitcoin into their balance sheet in the future.

The number is obviously exaggerated to emphasize a point. I believe that's clear. That's not to be taken literally.

Bitcoin price predictions are found everywhere. I hope there's indeed math behind them. For the majority, I believe there's none. They're not even based on the roughest of analyses. Never mind complex calculations. Even some popular Bitcoin bulls just spit numbers out of thin air.