Wow, if we think about the last pumps on bitcoin and if we take it to numbers this is an incredible number.
And just think about it, banks are usually giving about 3% a year, and bitcoin is giving us 0,75% a day if we just conver it to percentage. Isn't it awesome? i never thought over those numbers, because i never realized that bitcoin was going up so quickly, this is a nice info.
But nine thousand dollars seems to be a little bit far from at the moment's price.
Topic: Exponent for second half of 2017 (Read 369 times)
the thing about bitcoin and its price rise is that it always has these types of bumps on the road which not only slow it down but also break all the speculations and equations that we come up with.
the adoption is there and it is growing as we can all see. so the $9000 speculation by the end of this year is not unheard of, specially now that CME confirmed that bitcoin futures will be active in second week of December.
the adoption is there and it is growing as we can all see. so the $9000 speculation by the end of this year is not unheard of, specially now that CME confirmed that bitcoin futures will be active in second week of December.
Update, 4 weeks later, everything's fine:
Two datapoints are enough to define an exponent, so I chose two similar super-fast jumps over 3000 and 5000.
That translates into approx. 0.75% per day growth, and it might reach 9000 at the end of 2017:
That translates into approx. 0.75% per day growth, and it might reach 9000 at the end of 2017:
Extrapolation is always a risky way to predict the future. It is not necessary that Bitcoin fits into a mathematical curve. For all you know, the price movement may resemble an inverted parabola in the future.
Interesting. Sure hope your equation holds up, because then we'll see Bitcoin pass $1.000.000 in less than 2 years (23 months). Fingers crossed 
Bitcoin reaching 1M$ in two years? Doesn't seem realistic. What equation are you talking about? The +0,75% a day?
It's not realistic at all, but it could (in theory) happen if Phil_S' graph was to be continued. Yeah it's based on BTC price = 2300*1.25^x, where x = number of months from the start of the graph.
Of course, theory is often far from reality. If the exponential amount were to hold up, it would end up in a pretty big crash in the long run. For now, we can probably expect the exponential growth to go back into a more linear fashion. This will end up reaching another exponential type curve after the bitcoin gold fork; I think a lot of people are going to sell the gold for more BTC, driving the price even higher.
Interesting. Sure hope your equation holds up, because then we'll see Bitcoin pass $1.000.000 in less than 2 years (23 months). Fingers crossed
Bitcoin reaching 1M$ in two years? Doesn't seem realistic. What equation are you talking about? The +0,75% a day?
It's not realistic at all, but it could (in theory) happen if Phil_S' graph was to be continued. Yeah it's based on BTC price = 2300*1.26^x, where x = number of months from the start of the graph.
I think the price is just affected because of nearly pork and more people are investing because they just wanted to get a free coins after the fork and sell the to get the benefits to have them.. like what happen in bitcoin cash.. since the fork is for improving the performance of bitcoin i think the other people are just investing because i heard a new about amazon posted here in forum that it will nearly accepting bitcoin so there are also possibility that the price of bitcoin can be increase more and reach 7k this november and 8k this coming december..
The trend might hold in the short-term, like for the next 100 days.
As for the long-term... I wouldn't even try to guess. Too many things will happen.
As for the long-term... I wouldn't even try to guess. Too many things will happen.
Interesting. Sure hope your equation holds up, because then we'll see Bitcoin pass $1.000.000 in less than 2 years (23 months). Fingers crossed
Bitcoin reaching 1M$ in two years? Doesn't seem realistic. What equation are you talking about? The +0,75% a day?
Interesting. Sure hope your equation holds up, because then we'll see Bitcoin pass $1.000.000 in less than 2 years (23 months). Fingers crossed
Two datapoints are enough to define an exponent, so I chose two similar super-fast jumps over 3000 and 5000.
That translates into approx. 0.75% per day growth, and it might reach 9000 at the end of 2017:
It might be possible and impossible at the same time because bitcoin is unpredictable, it's price is volatile, so we can't expect a constant increase in price with time as you are stating like 0.75% per day. However we have a fork in November and most probably the price will jump after the fork. That translates into approx. 0.75% per day growth, and it might reach 9000 at the end of 2017:
Two datapoints are enough to define an exponent, so I chose two similar super-fast jumps over 3000 and 5000.
That translates into approx. 0.75% per day growth, and it might reach 9000 at the end of 2017:
That translates into approx. 0.75% per day growth, and it might reach 9000 at the end of 2017:
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