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Topic: Price forecast Bitcoin (Read 2945 times)

newbie
Activity: 28
Merit: 0
August 24, 2014, 03:36:39 PM
#27
You are forgetting that the value of a dollar can (and does) fluctuate just as easily as the value of a Bitcoin...

http://disposablewisdom.com/wp-content/uploads/2012/03/173-1214130656-fed-purchase.jpg

Luckily bitcoin's value doesn't decrease with time but it has an exponential growth which hasn't stopped yet Smiley
full member
Activity: 653
Merit: 217
August 24, 2014, 03:22:12 PM
#26
"It has been like this" is the basis of the scientific method and all scientific predictions based on laws derived from the analysis of past events.
member
Activity: 70
Merit: 10
August 22, 2014, 12:39:24 PM
#25
My prediction is that in the history of the Earth no one will ever know the future.

haha I also know it and it's just a prediction based on the experience that has happened in the years before his


Here is a statistical prediction, if anyone is interested...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

This looks good to me. I think stability starts in 2050 tho
member
Activity: 152
Merit: 10
https://eloncity.io/
August 21, 2014, 08:20:56 PM
#24
The way I look at it is. The price must go up with the rise of difficulty. When it costs more in electric to mine a coin then then that coin is even worth that is IMO when the price of the coin must go up or fail completely. Nobody will continue to mine at a loss for a long period so there really is only those 2 options.

For the next year there is too many variables that are unknown making it impossible to make any sort of prediction.
We don't know what kind of chips with low power efficiency will be released, we don't know how much per kw electric will increase, and we don't know the level of difficulty increases each term.

That said, I would be happy with 800-1000 by the end of 2015. That not a prediction but that is just what I hope for. Of course I would be thrilled to see even higher numbers.

This is why miners don't get to choose the price!
Price does not follow difficulty. Difficulty follows price. If the price drops below cost to mine, miners drop out and difficulty drops to equilibrium. When price rises, miners start mining again and difficulty rises. What is so difficult to get about this? This is a tired subject that has been hashed out 1MM times before.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
August 21, 2014, 05:31:22 PM
#23
My prediction is that in the history of the Earth no one will ever know the future.

haha I also know it and it's just a prediction based on the experience that has happened in the years before his


Here is a statistical prediction, if anyone is interested...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


With respect, has anyone ever called you a clown!

Try applying a little bit of maths to your theory.

 Let me give you a clue and you can work it out for yourself.

Let's assume that in 2017 there are 15 million bitcoins "minted" with a value of $1m per bitcoin.

Now go and google the Global GDP!

D'oh!!!!!!!!
You are forgetting that the value of a dollar can (and does) fluctuate just as easily as the value of a Bitcoin...

full member
Activity: 176
Merit: 100
August 20, 2014, 10:56:44 PM
#22
Prediction bitcoin up now rising.
End of 2015 there will be increase in rate. According to the analysis charts the rise and fall and the market demand

Are you ready with it?


I doubt we will hit new high before 2014.

As for 2015, it will be very much depended on the sentiment on wall street regarding the coin.
legendary
Activity: 4522
Merit: 3426
August 20, 2014, 10:27:20 PM
#21
With respect, has anyone ever called you a clown!
Try applying a little bit of maths to your theory.
Let me give you a clue and you can work it out for yourself.
Let's assume that in 2017 there are 15 million bitcoins "minted" with a value of $1m per bitcoin.
Now go and google the Global GDP!
D'oh!!!!!!!!

Unfortunately, your point is not clear. 15 million bitcoins at $1 million each is $15 trillion. It seems like you are arguing that $15 trillion is too high, but the Gross World Product is about $80 trillion (depending on the source) and the global M2 is about $55 trillion. So, you can't be arguing that $15 trillion is too high, so you must be arguing that it is too low.
member
Activity: 71
Merit: 10
August 20, 2014, 08:45:21 PM
#20
My prediction is that in the history of the Earth no one will ever know the future.

haha I also know it and it's just a prediction based on the experience that has happened in the years before his


Here is a statistical prediction, if anyone is interested...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


With respect, has anyone ever called you a clown!

Try applying a little bit of maths to your theory.

 Let me give you a clue and you can work it out for yourself.

Let's assume that in 2017 there are 15 million bitcoins "minted" with a value of $1m per bitcoin.

Now go and google the Global GDP!

D'oh!!!!!!!!
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
August 20, 2014, 05:23:23 PM
#19
The hen wakes up in the morning. Sees the sun and expects it to be like this every day. For a while it is. Hen wakes up, sees sun, goes to sleep in the evening. One morning however the hen wakes up, sees the sun and the farmer shops its head off.
"It has been like this" is not an argument for the future.
I love this analogy, it's perfect. The farmer is the nation-state, and the hen represents any threat to the nation's sovereignty and/or monopoly over money creation.

Bitcoin is one such threat. If the farmer (nation) could chop off Bitcoin's head, he would. The Chinese farmer already tried. So did the Russian farmer.

Now the New York farmer (Lawsky) is trying to cut off the hen's head, and he will fail too. Because there's just one small problem with your analogy, friend.

Bitcoin is not a hen. It's a Hydra.



And in this myth, the Hydra eats all the farmers.
newbie
Activity: 42
Merit: 0
August 20, 2014, 05:03:18 PM
#18
66% is a very high probability, I wouldn't esitate a second to go all in with these chances to reach millions $.
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
August 20, 2014, 04:49:10 PM
#17

-snip-

-snip-
Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

...because everything else is linear or why?

Not sure what u r trying to say. I am just taking note of the data points here. If we consider 2014 target has already been achieved in 2013, then 6 out of 9 data points are known. U r just following the graph for 3 data points relying on 6. Probability is 6/9, i.e. 66.66%.
sr. member
Activity: 406
Merit: 250
August 20, 2014, 04:23:54 PM
#16
The way I look at it is. The price must go up with the rise of difficulty. When it costs more in electric to mine a coin then then that coin is even worth that is IMO when the price of the coin must go up or fail completely. Nobody will continue to mine at a loss for a long period so there really is only those 2 options.

For the next year there is too many variables that are unknown making it impossible to make any sort of prediction.
We don't know what kind of chips with low power efficiency will be released, we don't know how much per kw electric will increase, and we don't know the level of difficulty increases each term.

That said, I would be happy with 800-1000 by the end of 2015. That not a prediction but that is just what I hope for. Of course I would be thrilled to see even higher numbers.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
August 20, 2014, 03:07:30 PM
#15
A statistical explanation why 1BTC may equal 1M USD in future...
Value of 1BTC (around figure)
2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

That's not an explanation and it has nothing to do with statistics.

EXACTLY what i said!
legendary
Activity: 4522
Merit: 3426
August 20, 2014, 03:01:33 PM
#14
A statistical explanation why 1BTC may equal 1M USD in future...
Value of 1BTC (around figure)
2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

That's not an explanation and it has nothing to do with statistics.
newbie
Activity: 56
Merit: 0
August 20, 2014, 03:00:27 PM
#13
Bitcoin price is unpredictable in the short term but we have seen before that in the long term it is following a pattern.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
August 20, 2014, 02:43:14 PM
#12
...because everything else is linear or why?
because:

-snip-

and:

-snip-

Yeah I know the pattern, yet every time I read those "arguments" it reminds me of that parabel with the hen.

The hen wakes up in the morning. Sees the sun and expects it to be like this every day. For a while it is. Hen wakes up, sees sun, goes to sleep in the evening. One morning however the hen wakes up, sees the sun and the farmer shops its head off.
"It has been like this" is not an argument for the future.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
August 20, 2014, 02:35:30 PM
#11
...because everything else is linear or why?
because:



and:

legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
August 20, 2014, 02:21:32 PM
#10
My prediction is that in the history of the Earth no one will ever know the future.

haha I also know it and it's just a prediction based on the experience that has happened in the years before his


Here is a statistical prediction, if anyone is interested...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

1 million per bitcoin in 3 years? MY ARSE
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
August 20, 2014, 01:53:51 PM
#9
My prediction is that in the history of the Earth no one will ever know the future.


man, even BTC Jesus dont know the future  Cry
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
August 20, 2014, 01:26:28 PM
#8
My prediction is that in the history of the Earth no one will ever know the future.

Wouldnt this include you and thus render your statement false, which in turn would make i correct ...

damn logic bombs.

Prediction bitcoin up now rising.
End of 2015 there will be increase in rate. According to the analysis charts the rise and fall and the market demand

Are you ready with it?


I predict 1037



-snip-
Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

...because everything else is linear or why?
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