Is there formula for bitcoin price ? - page 3.

Visbay

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Quote from: onrise on January 01, 2020, 08:59:00 AM

Quote from: 3la9l_kolbaCa on December 29, 2019, 08:17:58 AM

Quote from: dimonstration on December 29, 2019, 07:20:04 AM

There is no definite formula, it all matters in the demand and supply law. When the demand increases the price increases knowing that the supply of bitcoin is soon to be limited. There might be certain codes or laws applied in bitcoin while creating it, exact formula might be too tricky when laws also used.

If ever there's a formula for determining bitcoin price, I guess it won't be divulged to the public. Business is purely confidential and should be a confidential matters with regards to its foundation. Bitcoin is a huge business of anonymous people, so we must understand that this thing is always kept secure to maintain it's momentum and remain into the strong pillars.

The price of any coin majorly depends upon the demand and supply. If supply is less and people are demanding more than the price will rise and we have seen in past as well and vice-versa as well. Also at times news plays a vital role in the determine of the bitcoin price.

Yeah right, there is no mathematical formula about the price of bitcoin that can help people to know what Will happen but I think as you said, it's demand and supply that can help us to know the price of bitcoin. When people start buying crypto more and more so it makes the price high automatically when people sell so supply increases and it makes the market dump.

criza

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Quote from: maplelake on December 25, 2019, 07:25:11 PM

I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.

Although it is simplied model, while it provides basic thinking about it.

My question is is there other popular model/formula about it ?

No, there isn't you cannot simplify a complex concept into a formula. Bitcoin price cannot be predicted surely but, is possible to make a great guess from the past data in its price chart. The formula indicated here is only a factor from the whole votality of its price: its supply and demand. Investing in crypto world is risky because it is hard to predict when the prices would increase and decrease. People should be very careful not to lose investments.

Sahyadri

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It's just supply and demand. Here the demand can't be calculated appropriately. But even if you get the number for demand. The actual price can't be calculated because of the added manipulation. Market is highly centralized and few are running it. So whatever formula you use, knowing the actual price is far than possible.
When price can go from $1k to $19k in just one year. I doubt any formula or hypothesis would make sense here or can give a clear picture of the market at all.

jhonjhon

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As far as bitcoin price is concern there is no specific formula that can predict the market price, some people come up with their own formulas where they use as a basis in trading but no one was able to really claim it worked 100% accurate. The bitcoin market is very unpredictable and that no formula was able to predict it and it may not only one formula because the movement changes as well as the factors affecting it, your lucky if you are able to come up with something that is as close as it can get to it's price trend.

onrise

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Quote from: 3la9l_kolbaCa on December 29, 2019, 08:17:58 AM

Quote from: dimonstration on December 29, 2019, 07:20:04 AM

There is no definite formula, it all matters in the demand and supply law. When the demand increases the price increases knowing that the supply of bitcoin is soon to be limited. There might be certain codes or laws applied in bitcoin while creating it, exact formula might be too tricky when laws also used.

If ever there's a formula for determining bitcoin price, I guess it won't be divulged to the public. Business is purely confidential and should be a confidential matters with regards to its foundation. Bitcoin is a huge business of anonymous people, so we must understand that this thing is always kept secure to maintain it's momentum and remain into the strong pillars.

The price of any coin majorly depends upon the demand and supply. If supply is less and people are demanding more than the price will rise and we have seen in past as well and vice-versa as well. Also at times news plays a vital role in the determine of the bitcoin price.

seoincorporation

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Quote from: maplelake on December 25, 2019, 07:25:11 PM

I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.

Although it is simplied model, while it provides basic thinking about it.

My question is is there other popular model/formula about it ?

This formula maybe works to estimate the price in real time, but it doesn't work to make a future projection of bitcoin price. In the end the bitcoin price doesn't come from a formula, it comes from the markets. What's the price that people are ready to pay for it and how much want the users at the moment to sell their bitcoins.

NathanJB

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Quote from: maplelake on December 25, 2019, 07:25:11 PM

I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.

Although it is simplied model, while it provides basic thinking about it.

My question is is there other popular model/formula about it ?

I am afraid not even a Princeton course about Bitcoin could determine its price. The price of Bitcoin is determined solely by the market. There is no other mathematical formula that determines it. Bitcoin is offered to the public where everybody can buy and sell as they please. That is how the price of Bitcoin is created. You can create a general pattern of supply and demand on Bitcoin but not to determine its exact price.

Vishnu.Reang

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Back in 2010, the first ever Bitcoin exchange (New Liberty Standard) used some sort of formula (based on the block reward and electricity cost for mining) to calculate the Bitcoin prices. They had fixed BTC vs USD exchange rates, which got revised every month or so. And if I remember correctly, for the first month the exchange rate was like 1 USD = 1,300 BTC.

ChronoLite

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all the formula is just a simple one, it's simply a demand and supply formula, you should know that and it's literally really basic stuff when it comes to trading and speculating bitcoin price. people don't know this, should just probably not enter this world.

Quote from: imstillthebest on December 31, 2019, 01:55:49 AM

simple = basic so yeah

simple doesn't mean basic forever, it depends on the person whose understanding the formula. if they don't know what the hell is that, then it's not a basic stuff for them.

imstillthebest

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simple = basic so yeah , you cant expect extra-ordinary about it but if you want more precise formula you can still find them on here or on some other sites just do a research of the exact thing that you are looking for .

me i prefer the basic one because that is more understandable for a low i.q person like me and i believe that no matter how you look for more detailed forumula's there is still a chance that your analysis will be failed because of the disruptors and manipulators of this market .

DevilSlayer

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Quote from: meliodas on December 30, 2019, 08:21:58 PM

Quote from: Soots on December 30, 2019, 06:47:50 PM

Technically it do have it's formula, but we as an average person who just invested fairly I don't think we have good times know about it. Honestly we don't care for that, and we what's most thing that we're interested to is bitcoin's price to increase and give us hope.
Most people on knew about cryptocurrency, was trading and gambling so with respect to formula it remained a very discreet idea for deeper idealism about digital currency.

If a person has a mindset like that then probably at the end, he will lose money in his investments. A wise investor always care for the price because it is the measurement to see if the value of something has gone up too high for him to buy as an investment. Investing is about patience and waiting, if you will always buy at the current price then there is a high chance for you to hold it longer just to make a decent profit.

A good investment have a good timing, we cannot just put our money without proper timing and researching. The price of the bitcoin matters when we are investing, we cannot invest if its price is at the peak because there is high possibility that the price will go down. IT is really better if we have good timing where we should enter to the market when its price is at the bottom.

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Quote from: Soots on December 30, 2019, 06:47:50 PM

Technically it do have it's formula, but we as an average person who just invested fairly I don't think we have good times know about it. Honestly we don't care for that, and we what's most thing that we're interested to is bitcoin's price to increase and give us hope.
Most people on knew about cryptocurrency, was trading and gambling so with respect to formula it remained a very discreet idea for deeper idealism about digital currency.

If a person has a mindset like that then probably at the end, he will lose money in his investments. A wise investor always care for the price because it is the measurement to see if the value of something has gone up too high for him to buy as an investment. Investing is about patience and waiting, if you will always buy at the current price then there is a high chance for you to hold it longer just to make a decent profit.

Soots

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Technically it do have it's formula, but we as an average person who just invested fairly I don't think we have good times know about it. Honestly we don't care for that, and we what's most thing that we're interested to is bitcoin's price to increase and give us hope.
Most people on knew about cryptocurrency, was trading and gambling so with respect to formula it remained a very discreet idea for deeper idealism about digital currency.

heidikim

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I used to use a simple calculation. I would divide the price by the total number and draw a conclusion. However, this is not the correct result. To calculate the price of a coin, you need to investigate its popularity. As a result, if all coins go on sale at the same time, the price is reset.

justdimin

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There is one that people keep forgetting that is definitely not deciding bitcoins price but at least gives us a ball park of what could be the calculation for "SOME" people. Which is how much is a cost of bitcoin when mined.

Even the most advanced and amazing machines have a slight profit right now at around 6 thousand dollars cost, that is why right now not all miners are making money, the old generation machines are making a loss and the new and advanced ones are barely making any profit, which shows people with thousands of machines do make a decent income because it is all combined but the people with few coins do not make that much money at all. That is the "cost" of bitcoin tho, not the "price" of bitcoin which are totally different things but at least it is a formula that can be used for certain people.

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Quote from: maplelake on December 25, 2019, 07:25:11 PM

I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.

Although it is simplied model, while it provides basic thinking about it.

My question is is there other popular model/formula about it ?

If there is model/formula then it is like we can predict the price and what will happen next? No one can predict the price right? so there is no such formula, if there is, then many are rich now and predict the price and get it. we are experience and know crypto and bitcoin for many years and even a single move that we want to know we didn't get because it is not readable or we cant find it anywhere if it is written.

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Quote from: fiulpro on December 29, 2019, 01:24:11 PM

You will find platforms predicting the market , how it will go and how the price will rise , upto what , but after years of seeing them all what I know is
NO
They will say things and trust me it would have worked if it would have been something like stock market but bitcoins and cryptocurrencies are something that is really hard to put the hand on therefore I don't think you are gonna find something to predict the price .

No one can explain the formula, developers create their own based on their analysis. All we know is that BTC Prices pertain in the law of supply and demand like any other traded currencies and in stock market. Satoshi may used some formula but its only hime who can identify and expose it as bitcoin is created to be decentralised and to be this unique.

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Quote from: 3la9l_kolbaCa on December 29, 2019, 08:17:58 AM

Quote from: dimonstration on December 29, 2019, 07:20:04 AM

There is no definite formula, it all matters in the demand and supply law. When the demand increases the price increases knowing that the supply of bitcoin is soon to be limited. There might be certain codes or laws applied in bitcoin while creating it, exact formula might be too tricky when laws also used.

If ever there's a formula for determining bitcoin price, I guess it won't be divulged to the public. Business is purely confidential and should be a confidential matters with regards to its foundation. Bitcoin is a huge business of anonymous people, so we must understand that this thing is always kept secure to maintain it's momentum and remain into the strong pillars.

I think such a formula really does not exist, bitcoin is a decentralized currency where the price determination is purely done by market participants. If there is a formula, then there is a control behind the bitcoin market, maybe the purpose of the formula is a strategy, if the strategy still makes sense because everyone has their own formula.

EdvinZ

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Even technical analysis often does not work in the cryptocurrency market, not to mention some formulas for calculating the value. If it were that simple, everyone would be rich. The cryptocurrency market is extremely young and unpredictable. I would rely more on an intuitive search for the lowest point to enter an asset than on some obscure formulas.

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Quote from: maplelake on December 25, 2019, 07:25:11 PM

I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.

Although it is simplied model, while it provides basic thinking about it.

My question is is there other popular model/formula about it ?

You can't create some formula because it was too hard to think what people's mind. We can accumulated such incoming data because everyday we cope a lot of different news and there are a lot of possible happen everyday and it would be math error.

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