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Topic: Is there formula for bitcoin price ? - page 4. (Read 1452 times)

hero member
Activity: 2184
Merit: 531
December 29, 2019, 01:20:23 PM
#44
There is none. Some people are relying on moving averages that show the bottom value and determine the price this way, some project the value by looking at halvings and how much the price rose after each of them, some are taking the minimum price as the lowest level of mining profitability, currently around 6000 dollars.

There's really no universal pattern or formula understood and valued by all investors.
full member
Activity: 1022
Merit: 133
December 29, 2019, 12:39:39 PM
#43
I think it's beyond just normal price and demand because since the supply of it is fixed and there's guarantee of that amount and not a fear of losing it anytime before the limited number is mined, we should consider other factors like electricity and mining costs and also value of blockchain.
hero member
Activity: 1890
Merit: 831
December 29, 2019, 12:24:11 PM
#42
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 .
sr. member
Activity: 952
Merit: 250
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December 29, 2019, 07:17:58 AM
#41
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.
hero member
Activity: 2758
Merit: 705
Dimon69
December 29, 2019, 06:20:04 AM
#40
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.
legendary
Activity: 3052
Merit: 1188
December 29, 2019, 01:58:41 AM
#39
From the start of bitcoin the very first thing that was created was the pricing, everyone wanted to buy bitcoin and everyone wanted to sell theirs, so in the end there was a conclusion that whoever wants to sell bitcoin decided the price of it, if you are willing to sell your bitcoin only for 20 thousand dollars, then that is the price for you, if enough people believe the same thing with you then there will be less people selling under $20k and eventually price would go up, if you believe the price is 1 thousand then that will be the price.

Buyers are always around and they always buy but since it is a scarce product bitcoins price has always been decided by what the sellers are willing to sell their bitcoin for. In order to see what the price is, we have to see what sellers are willing to sell bitcoin for.
sr. member
Activity: 1120
Merit: 272
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December 29, 2019, 01:11:21 AM
#38
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 ?
There is no effective formula in determining the price of Bitcoin unless the law of supply of demand in which you stated above. Technically, Bitcoin's price don't follow other principle but rather the supply and demand only. Due to this case, we are implementing the technical and fundamental analysis which is subjective though it uses indicators, charts, and news for a certain market such as Bitcoin.

Absolutely, because it just for computation purposes and it has nothing to do with how much price would it be after 5 years. It has nothing to do with price, maybe just a little bit factor for the price but it is still depends on its volatility.

Market is still unpredictable even if you use some of those formulas in computing demand and its price.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
December 28, 2019, 03:36:43 PM
#37
If there was a formula to calculate Bitcoin price I guess everyone would be rich by now. But Bitcoin price doesn't behave according to formulas or patterns. It's defined by demand and supply, that is the main component that influence the price along with sone other side influences that can't be always determined and predicted.
sr. member
Activity: 2030
Merit: 269
December 28, 2019, 10:24:14 AM
#36
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'm not good on formula, but so far after ten years there is no relevant formula we can use, all I know is the price still depends so much on the hype and FUDS around us, if there are exact formula about the price of Bitcoin, then there is no more speculation, I guess another factor is the limitness of supply and all of it's features.
hero member
Activity: 1008
Merit: 531
December 28, 2019, 06:05:46 AM
#35
There are simply too many macro variables including sentiment that is simply unfeasible to predict all the time to have a model that can accurately say what price BTC is or should be at at any given time.

There have been attempts at doing this with all the TA going on, but I'm yet to see one that is legit.

At the end of the day though, I think that identifying the long term trends are much more important in this regard than short term predictions.
sr. member
Activity: 742
Merit: 397
December 28, 2019, 05:03:57 AM
#34
The formula for the bitcoin price is simply law of supply and demand. It is a basic topic of economics. The more the people that buy something then the more its price will go higher. Bitcoin's price has jumped up a lot from its price of 2009 up until now, it proves that the demand for bitcoin is really high and if we want to see even higher prices then we should attract more and more people to invest into bitcoin.
hero member
Activity: 1764
Merit: 584
December 28, 2019, 03:15:07 AM
#33
I haven't really bothered looking into it, nor do I intend to. I just watch the price. What we just need to know is that demand plays a large part and that we are getting less and less new coins into circulation. Of course there'll be some manipulation from big players but it'll still have to take into account creating demand to drive up spikes, etc.
legendary
Activity: 1106
Merit: 1000
December 28, 2019, 01:11:06 AM
#32

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

There are some factors that influenced Bitcoin price:
  • Supply and demand
  • Number of Exchange
  • Government regulation
  • External news

I'm not sure how to calculate the price of Bitcoin, but there is definitely a formula. If there's no formula, how does the exchange calculate Bitcoin price? It's impossible to just shoot numbers.
full member
Activity: 812
Merit: 100
www.cd3d.app
December 27, 2019, 08:42:35 PM
#31
Lol, there is no fomular to calculating the price of bitcoin. The price is determined by the reactions on the crypto market, news, further developments in the cryptospace. The price of bitcoin is very volatile and i don't think we can have any fomular that can accurately be used in calculating the price of bitcoin. Stay on CMC https://coinmarketcap.com and you will always be informed when the price changes.
prices change at any time, depending on demand and supply, I think it is more practical to look at coin.marketcap, we can immediately find out the price right away. but indeed if for knowledge there is no problem how to find the price. but I still choose to use practical methods
hero member
Activity: 1484
Merit: 535
December 27, 2019, 01:30:45 PM
#30
Lol, there is no fomular to calculating the price of bitcoin. The price is determined by the reactions on the crypto market, news, further developments in the cryptospace. The price of bitcoin is very volatile and i don't think we can have any fomular that can accurately be used in calculating the price of bitcoin. Stay on CMC https://coinmarketcap.com and you will always be informed when the price changes.
newbie
Activity: 30
Merit: 0
December 27, 2019, 12:58:04 PM
#29
No there is no such formula. In fact technical charts and other analytics also don’t work for bitcoin. There is only one rule which is followed by most of users that buy when you think price is taking dip and sell when you think you have good enough profit. Never do the greed.

My experience tells me that's you are actually right lol.
I didn't see any formulas or chart theories that could work in 70% of times at least.
sr. member
Activity: 728
Merit: 254
December 27, 2019, 12:56:32 PM
#28
It doesn't really mean that those formula about supply and demand will all work with Bitcoin. Maybe there is but we haven't just discovered it yet. 'Cause if there's actually an accurate formula for bitcoin's price, then everyone should've know the exact price it could reach. Then some professional wouldn't make predictions about bitcoin price.
legendary
Activity: 3780
Merit: 1418
December 27, 2019, 12:42:18 PM
#27
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 ?

That's it basically.  It's a pretty much open market so it's the supply/demand model that dictates the price.  Manipulation is still present but the price still follows if there are more buys than sells than the price will go higher and the inverse if there are more sellers than buyers.  No need to complicate it
sr. member
Activity: 751
Merit: 253
December 27, 2019, 11:24:41 AM
#26
No there is no such formula. In fact technical charts and other analytics also don’t work for bitcoin. There is only one rule which is followed by most of users that buy when you think price is taking dip and sell when you think you have good enough profit. Never do the greed.
legendary
Activity: 2170
Merit: 1427
December 26, 2019, 04:14:44 PM
#25
Coinmarketcap is just a basis.

Very flawed basis. It's something projects purposely exploit by printing as many tokens as possible, but only have a small chunk of it in actual circulation. The small chunk will obviously make the whole market cap look big while in reality it's just based on the small chunk of coins that are circulating.

Forks get an easy ride too because at the moment of forking, they have the exact number of coins as total supply, just way less in circulation in the initial phase, which we have seen pump the market cap of BCash to crazy high numbers.

It takes time for people to convince themselves to import their private keys into a new (most likely untested) wallet, and in most cases there is no replay protection right off the bat, which only further prevents people from dumping early on. Market caps are the Chuck Norris in crypto. Can't take them serious.
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