Bitcoin Forum

Economy => Speculation => Topic started by: BitEnthusiast on August 31, 2013, 09:29:26 PM



Title: BTC Value Predictions For The Next 14 days
Post by: BitEnthusiast on August 31, 2013, 09:29:26 PM
Is there any way to predict BTC value for the next 14 Days. I'm not very good at math and I'm trying to come up with a prediction for the next 2 weeks. I can say that I am going to be opening up a few books to get a clue on what I need to survive as a crypto investor, starting with a mathbook any suggestions on what books I should read.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: Phinnaeus Gage on August 31, 2013, 09:34:43 PM
Is there any way to predict BTC value for the next 14 Days. I'm not very good at math and I'm trying to come up with a prediction for the next 2 weeks. I can say that I am going to be opening up a few books to get a clue on what I need to survive as a crypto investor, starting with a mathbook any suggestions on what books I should read.

I suggest reading this math book first:

http://ecx.images-amazon.com/images/I/41396GbhNVL._SY346_PJlook-inside-v2,TopRight,1,0_SH20_.jpg

Feel free to thank me as soon as you see what I did there.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: CompNsci on August 31, 2013, 09:34:57 PM
Is there any way to predict BTC value for the next 14 Days. I'm not very good at math and I'm trying to come up with a prediction for the next 2 weeks. I can say that I am going to be opening up a few books to get a clue on what I need to survive as a crypto investor, starting with a mathbook any suggestions on what books I should read.

Assuming you are not a troll, I would suggest starting with Malkiel's A Random Walk Down Wall Street to understand the difficulty with any prediction of this type.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: Phinnaeus Gage on August 31, 2013, 09:36:16 PM
Is there any way to predict BTC value for the next 14 Days. I'm not very good at math and I'm trying to come up with a prediction for the next 2 weeks. I can say that I am going to be opening up a few books to get a clue on what I need to survive as a crypto investor, starting with a mathbook any suggestions on what books I should read.

Assuming you are not a troll, I would suggest starting with Malkiel's A Random Walk Down Wall Street to understand the difficulty with any prediction of this type.

Another excellent math book! Any other suggestions? I'm beginning to see a pattern here.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: astutiumRob on August 31, 2013, 09:57:39 PM
Is there any way to predict BTC value for the next 14 Days
No. There is no way to predict the future.

You can see some of the _historical_ trades at thegenesisblock.com


Title: Re: BTC Value Predictions For The Next 14 days
Post by: BitEnthusiast on August 31, 2013, 10:32:55 PM
Is there any way to predict BTC value for the next 14 Days
No. There is no way to predict the future.

You can see some of the _historical_ trades at thegenesisblock.com

After reading the first few pages of chapter 1 "A Random Walk..." I understand that it is unpredictable. Thanks for the suggestions. Please keep the suggestions coming. I should have titled this thread "Books for Independent Investors" or something along those lines. My biggest fear is that I won't be able to get into the game due to financial situations, but reading books like these is really going to ease that fear, help me get a better understanding of what I am doing. I truly appreciate the feed back.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: MA5H3D on August 31, 2013, 10:52:24 PM
Math books aren't going to help you, you'd be better off basing your decisions on the results of a magic 8-ball.

Try: magic8.co.uk


Title: Re: BTC Value Predictions For The Next 14 days
Post by: bitcon on September 01, 2013, 01:52:23 AM
to predict btc value one must first learn that there's a direct correlation to the market price of oranges and pork bellies.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: adamstgBit on September 01, 2013, 01:56:01 AM
its simple. if bitcoin has been going up for the past 14 days it will continue to go up for the next 14 days  :D


Title: Re: BTC Value Predictions For The Next 14 days
Post by: xxjs on September 01, 2013, 02:15:09 AM
its simple. if bitcoin has been going up for the past 14 days it will continue to go up for the next 14 days  :D

...except when it don't.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: keatonatron on September 01, 2013, 05:16:21 AM
If the price has been going up, it will keep going up until it starts to go down. That's the key!


Title: Re: BTC Value Predictions For The Next 14 days
Post by: Wekkel on September 01, 2013, 05:38:52 AM
The trend is your friend.
Protect your capital.

The rest are derivatives of these main rules.


Title: Re: BTC Value Predictions For The Next 14 days
Post by: FNG on September 01, 2013, 05:41:34 AM
its simple. if bitcoin has been going up for the past 14 days it will continue to go up for the next 14 days  :D
"a bitcoin in motion tends to remain in motion"


Title: Re: BTC Value Predictions For The Next 14 days
Post by: Foxpup on September 01, 2013, 07:46:47 AM
If you want to learn how to predict future bitcoin prices, there's only one book you need:

https://images-na.ssl-images-amazon.com/images/P/0670030635.01.LZZZZZZZ.jpg


Title: Re: BTC Value Predictions For The Next 14 days
Post by: Ares on September 01, 2013, 08:30:40 AM
If you want to learn how to predict future bitcoin prices, there's only one book you need:

https://images-na.ssl-images-amazon.com/images/P/0670030635.01.LZZZZZZZ.jpg

Great book.



Oh, and the price will be 163.27


Title: Re: BTC Value Predictions For The Next 14 days
Post by: 4mherewego on September 01, 2013, 08:43:54 AM
Is there any way to predict BTC value for the next 14 Days. I'm not very good at math and I'm trying to come up with a prediction for the next 2 weeks. I can say that I am going to be opening up a few books to get a clue on what I need to survive as a crypto investor, starting with a mathbook any suggestions on what books I should read.

Do a model of the price of bitcoin and think what might happen and make an educated guess. Reading books that confirm your bias or just random blabbering by someone who either was to bad to get rich or got rich by being lucky won't help you make better predictions.