Title: Average rise per day/week based on different values for the year 2020 Post by: yokosan on April 03, 2013, 05:36:13 PM To calculate the price increase I simply divide the difference in price over 2825 days until 2020.
$1,000 $0.3/day $2.1/week $5,000 $1.72/day $12.04/week $10,000 $3.5/day $24.5/week $25,000 $8.80/day $61.6/week $50,000 $17.65/day $123.55/week $75,000 $26.5/day $185.5/week $100,000 $38.35/day $268.45/week $1,000,000 $353.9/day $2477.3/week Anyway, it is not likely to work out like this as it will occur in waves but the point is that people have gone batshit crazy because of a $20 increase in one day. We are nowhere near the point where this will happen on a daily basis, not least of all because Gox couldn't handle it. But anyway, what do you think is a viable amount to go up by per day/week? If your answer is just $3.5/day then you are basically predicting a price of $10k/BTC in 7 years. Title: Re: Average rise per day/week based on different values for the year 2020 Post by: Ekaros on April 03, 2013, 05:37:37 PM 500$ half of 1k... 1,05$ per week, if inflation of USD is relatively stable.
Title: Re: Average rise per day/week based on different values for the year 2020 Post by: DeathAndTaxes on April 03, 2013, 05:39:32 PM Would be better to calculate it as a compounding gain.
Final Price = Current Price * (daily % gain ^ 2825). The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly. Maybe $200 per week initially and closer to $10K per week near the end. Title: Re: Average rise per day/week based on different values for the year 2020 Post by: yokosan on April 03, 2013, 05:41:44 PM Would be better to calculate it as a compounding gain. Final Price = Current Price * (daily % gain ^ 2825). The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly. Maybe $200 per week initially and closer to $10K per week near the end. Yes. Sadly I lack the mathematical skills to calculate this. Title: Re: Average rise per day/week based on different values for the year 2020 Post by: awkorama on April 03, 2013, 05:49:27 PM $1,000.00 0.07% 0.49%
$5,000.00 0.13% 0.89% $10,000.00 0.15% 1.06% $25,000.00 0.18% 1.29% $50,000.00 0.21% 1.47% $75,000.00 0.22% 1.57% $100,000.00 0.23% 1.64% $1,000,000.00 0.31% 2.22% There you go Title: Re: Average rise per day/week based on different values for the year 2020 Post by: Piper67 on April 03, 2013, 05:49:54 PM Would be better to calculate it as a compounding gain. Final Price = Current Price * (daily % gain ^ 2825). The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly. Maybe $200 per week initially and closer to $10K per week near the end. Yes. Sadly I lack the mathematical skills to calculate this. What was the saying? Mankind's greatest failure is our failure to understand the exponential function :D |