You still dont realize if we take your method to extrapolate on the 12. november 2012 we would get a price of 6$ which is the exact same thing you did to get your 720$ which is wrong because we know how the price developed.
And that is exactly what i wanted to show and wrote.
Yeah, if we just decided to estimate the price in November, 2012, with all bitcoins having been mined by then, we would get the price of 6$, but you in fact claimed that we would have had the same price of 6$ if we extrapolated it to today. This what you wrote exactly, and no back pedaling this will change that:
So take nov. 2012 price. Extrapolate to today 12$x10/21 <= 6$
If we correctly extrapolate this price to today taking into account all the demand that has built up since then (which is represented by today's price), we will get my values (i.e. over $700 when the price was ~$950 per coin). This is precisely what you are desperately trying to distract the attention from
duh, well of course because you did the same with your 720$ aka 3/4 of the current price. you disregarded the demand for the future 5 million coins too.
additionaly where the fuck are you right? we have more coins from day to day and the price is now at 1150$... 200$ more then 5 days ago.
Why are you repeating the same stuff all over again, which I have already addressed?
We can estimate the effects of mining all coins only regarding the data we already know. If we analyze that in November, 2012, we will evidently get the price for that date, and you can't possibly claim that the same price will last till today (as you did) or forever. Note that I never claimed that the price I obtained for December, 2016 will be the same from then on or on whatever date in the future, so your references that today, in January, 2017, the price has already changed, are inconsequential and irrelevant. Please show me where I said or implied that or don't come again with it. And this is the exact opposite of what you did by extrapolating the estimated price in November, 2012 to today. In short, don't ascribe to me what I didn't do. I don't extrapolate into the yet unknown future, get it?
my counter example is that you only need to use your method on a random date in the past to get a totaly wrong result (i.e. nov 2012 6$) - and you wont be able to talk yourself out of that
It is fully applicable to current prices. You can easily evaluate what the price would have been today (read slowly again, to-day, i.e. this day) if all bitcoins have been mined by now