Nice graphics and nice work! 
What software did you use?
What software did you use?
Excel.
As Rpietila says, you can do amazing things with excel.
Topic: Logarithmic (non-linear) regression - Bitcoin estimated value - page 15. (Read 117739 times)
Excel.
As Rpietila says, you can do amazing things with excel.
Very interesting chart. I could definitely see BTC reaching $1k around April 2015 and then hovering around there until Q4 2015. The block reward halving will be a focus of discussion and I can imagine that topic causing a x10 increase to around $10k in late 2015. Guess we'll have to wait and see.
Very very interesting… 
Nice work with the charts. Thanks for sharing with us.
I'm going to stay on that topic to check your updates and estimates.
2015 could be an important year for bitcoin. Not just to become mainstream… It's going to be a "key year" because of the projects related with the bitcoin ecosystem consolidation.
In this OP I will always post the last updated charts:
Nice work with the charts. Thanks for sharing with us.
I'm going to stay on that topic to check your updates and estimates.
2015 could be an important year for bitcoin. Not just to become mainstream… It's going to be a "key year" because of the projects related with the bitcoin ecosystem consolidation.
Nice graphics and nice work!
What software did you use?
What software did you use?
Chart with data until 2014-10-14:
Donations: 19AYtA4xFM7izR7BAXKr9TLJkrAJsvcfFm
If we "flatten" the red logarithmic line, we get the spread between the price and the estimated value:
Donations: 1BgnScfDU5QvKUGCqKKsDm62YxKzh5sjCn
This is how the 2011 and 2013 (1) bubbles look like in linear price axis:
Donations: 1EbbkBkTDZ667bUxHNHtxhAysFEAWVgWB4
And this is how the 2011 and 2013 (1&2) bubbles look like in linear price axis:
Donations: 196xJM7c4jjhHkUp7CnrKG2joXPe57uNRF
Calculate today's trendline price HERE
Projected:
1.000 24-04-2015
10.000 22-11-2017
100.000 16-07-2021
1.000.000 06-09-2026
Donations: 19AYtA4xFM7izR7BAXKr9TLJkrAJsvcfFm
If we "flatten" the red logarithmic line, we get the spread between the price and the estimated value:
Donations: 1BgnScfDU5QvKUGCqKKsDm62YxKzh5sjCn
This is how the 2011 and 2013 (1) bubbles look like in linear price axis:
Donations: 1EbbkBkTDZ667bUxHNHtxhAysFEAWVgWB4
And this is how the 2011 and 2013 (1&2) bubbles look like in linear price axis:
Donations: 196xJM7c4jjhHkUp7CnrKG2joXPe57uNRF
Calculate today's trendline price HERE
Projected:
1.000 24-04-2015
10.000 22-11-2017
100.000 16-07-2021
1.000.000 06-09-2026
To understand what I have done, I recommended to visit:
1) Rpietila's thread: Monthly average USD/bitcoin price & trend
2) SlipperySlope's thread: Stephen Reed's Million Dollar Logistic Model
3) Rpeter's post: Latest graphs showing nice correlation between prices and adoption (squared) - Metcalfe's Law
4) Raystonn's thread: Metcalfe's Law: Bitcoin Price and Adoption Analysis for the Future
5) jl2012's thread: Bitcoin long-term exponential trend (updated regularly)
6) gbianchi's thread A Bitcoin price theory
7) Joe200's thread Non-spreadsheet long-term predictions
Why QR codes inside the charts?
The idea is to attach a unique bitcoin address to each chart, to be able to track wich (if any), you prefer.
That's why you will see a different QR (bitcoin address) in each chart I post.
1) Rpietila's thread: Monthly average USD/bitcoin price & trend
2) SlipperySlope's thread: Stephen Reed's Million Dollar Logistic Model
3) Rpeter's post: Latest graphs showing nice correlation between prices and adoption (squared) - Metcalfe's Law
4) Raystonn's thread: Metcalfe's Law: Bitcoin Price and Adoption Analysis for the Future
5) jl2012's thread: Bitcoin long-term exponential trend (updated regularly)
6) gbianchi's thread A Bitcoin price theory
7) Joe200's thread Non-spreadsheet long-term predictions
Why QR codes inside the charts?
The idea is to attach a unique bitcoin address to each chart, to be able to track wich (if any), you prefer.
That's why you will see a different QR (bitcoin address) in each chart I post.
Post reserved for links to previous chart updates:
2014-10-14 Chart v1.1
2015-03-09 Chart v2.0
2015-05-28 Chart v2.1
2016-04-15 Chart v2.2
2017-01-03 Chart v2.3
2014-10-14 Chart v1.1
2015-03-09 Chart v2.0
2015-05-28 Chart v2.1
2016-04-15 Chart v2.2
2017-01-03 Chart v2.3
In this OP I will always post the last updated chart:
Update 2017-01-03:
Donations: bitcoin:1Fe6B3Zo4HxaCD8ybi9A8zBRH2wKpciUxe
Calculate today's trendline value HERE
Update 2017-01-03:
Donations: bitcoin:1Fe6B3Zo4HxaCD8ybi9A8zBRH2wKpciUxe
Calculate today's trendline value HERE
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