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Title: Bitcoins Potential Value? Post by: marketorder on November 06, 2013, 03:42:48 PM I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Is there a web site that calculates this already?
Title: Re: Bitcoins Potential Value? Post by: Birdy on November 06, 2013, 03:51:36 PM If you ask that, people will throw all sorts of crazy numbers at you, are you ready for that? ^^
Title: Re: Bitcoins Potential Value? Post by: wachtwoord on November 06, 2013, 03:52:47 PM Exponential increase is the most powerful force in the universe
Title: Re: Bitcoins Potential Value? Post by: masyveonk on November 06, 2013, 03:55:54 PM Is there a web site that calculates this already? Would be fun, we have mining profitability calculators, so why not BTC price calculator :) any takers :D Title: Re: Bitcoins Potential Value? Post by: greyhawk on November 06, 2013, 04:06:00 PM I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Is there a web site that calculates this already? 1 Dollar 96 Cents Title: Re: Bitcoins Potential Value? Post by: DodoB on November 06, 2013, 04:09:40 PM currently its 1BTC= 255 USD
you can use this site for the current value of bitcoin: http://preev.com/ Title: Re: Bitcoins Potential Value? Post by: tampazeus on November 06, 2013, 04:16:09 PM I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Is there a web site that calculates this already? So far BTC had exponential growth rate. If it continues, multiply 10-100x every year ;D Title: Re: Bitcoins Potential Value? Post by: exstasie on November 06, 2013, 04:19:59 PM I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Is there a web site that calculates this already? The potential is limitless. You just have to believe :D Title: Re: Bitcoins Potential Value? Post by: greyhawk on November 06, 2013, 04:28:47 PM The potential could also be endless. As in "In the end you have less"
Title: Re: Bitcoins Potential Value? Post by: operrajunk74 on November 06, 2013, 08:14:57 PM I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Pick one between 0 and infinity. If it was so easy to predict, it would be easy money, right ? ;) Title: Re: Bitcoins Potential Value? Post by: TakeItBreezy on November 06, 2013, 08:25:58 PM Don't really think there's a way to tell, but I imagine it will get big. Title: Re: Bitcoins Potential Value? Post by: Ibian on November 06, 2013, 08:34:22 PM Just idle speculation but, the price has roughly increased ten times a year for the past few years right? Say this continues, a dollar today is a hundred dollars in a couple years. (I like to pretend that stuff costs ten times what it actually does since I started investing, makes it easier to save money for coins instead of pigging out on unhealthy stuff).
That's if things continue apace. But I don't think they will. We are still in the "early" stages, it is mainly nerds and investors and nerdy investors that deal in bitcoins right now. A very small niche group of people. Once it becomes more accessible for ordinary people, especially so that they are less likely to accidentally destroy their own coins, a tenfold increase every year could seem trivial. There is a real chance that even a small amount of coins could make any of us a millionaire in just five years time or so. Title: Re: Bitcoins Potential Value? Post by: BTC_GHD on November 06, 2013, 10:09:03 PM I would say in a years time it will be around $800 to $1000
Who knows though it could even go down but I doubt it will :) Title: Re: Bitcoins Potential Value? Post by: kharper1969 on November 07, 2013, 12:02:06 AM Speculation about this will get you nowhere. I think we all believe the value will increase, but we'd also all be better off by using Bitcoin as a currency rather than just an investment.
Title: Re: Bitcoins Potential Value? Post by: DeathAndTaxes on November 07, 2013, 12:06:02 AM I'm trying to calculate where Bitcoins will be trading at in a years time based on the current growth rate. Can anyone help me come up with some numbers? Is there a web site that calculates this already? This diagram should help. http://imgs.xkcd.com/comics/extrapolating.png |
