Using this price model, what price do you see Bitcoin reaching in the next year?

Elwar

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Quote from: jeannemadrigal2 on July 09, 2015, 11:52:51 AM

I don't know how useful this tool is for being accurate, but it all depends on two things: more retailers taking coins, and more people using them. If major retailer like amazon takes coin, and it gets easier to buy them with fiat (because it is a pita right now) then I can see the price explosion that makes the previous bubble look tame.

Are you saying that if you could spend your bitcoins on Amazon then more people would buy bitcoins so they could use their bitcoins to buy things on Amazon?

What if they gave like a 5% discount for buying items on Amazon? Would you use bitcoins for your Amazon purchases then?

JarvisTechnology

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The model is good enough to predict the price. The model can have some improvisation. Also bitcoin needs a strong formula based model to predict its prices , this is somehow helpful. But we should not just stop here. A lot of research and study should be done to take out the prediction of anything. Because we all know that a % increase is a boom for bitcoin.

lorylore

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I was optimistic that this month will reach 300-350$ but for the next year not more than 400-500$

jeannemadrigal2

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I don't know how useful this tool is for being accurate, but it all depends on two things: more retailers taking coins, and more people using them. If major retailer like amazon takes coin, and it gets easier to buy them with fiat (because it is a pita right now) then I can see the price explosion that makes the previous bubble look tame.

farting_shot

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0.01 sometime in the next year. Poor sod who have to sell his precious coins for a penny and no one to buy them for even a penny.

Argwai96

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Really interesting tool, now it would be great to find a proper formula base on the current state of the world economy to some how predict the price.

Amph

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i increased the lost coins to 3M but it did not change too much, obviously the first tree are what matter the most, even a tiny increase in % would mean boom for bitcoin

minerpumpkin

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Quote from: Mellnik on July 09, 2015, 05:26:51 AM

E-Commerce to 1% and store of value to 0.2% would make the price explode.

Yeah. I see it mostly becoming an interesting bet in the realm of store of wealth, actually. E commerce... well... Yes, but not *that* big, to be honest! But hey, prove me wrong Cheesy

Mellnik

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E-Commerce to 1% and store of value to 0.2% would make the price explode.

Elwar

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Here is an interesting tool for modeling the bitcoin price based upon many factors.

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

What price does your model configuration show?

Topic: Using this price model, what price do you see Bitcoin reaching in the next year? (Read 690 times)