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Title: Analyzing Bitcoin Price Prediction Models for 2020 Post by: EdmonLeung on December 16, 2019, 02:21:32 AM If you’re getting fed up with all the forecasts of the bitcoin price, well, get used to it, because I’m planning to write a couple more before we go into 2020.
The digital asset has experienced a halving event every four years since the development of Bitcoin (BTC) in 2009, reducing the number of coins continuously entering the economy by half, rendering it a deflationary asset. Based on its hard-coded scarcity, Bitcoin has risen dramatically in value over the years, giving the commodity a high stock-to-flow ratio. Historically, Bitcoin has measured band rates below its median before half years while graphically illustrated with variance bands. PlanB’s proposed stock-to-flow (SF) formula has become widely accepted as an accurate model for forecasting Bitcoin’s price given the strong correlation that continues to this day. We have discussed this model many times before The stock-to-flow method, using gold as an example, discusses the shortage of the metal as it aligns with its production and the amount of new gold made available annually, the article noted. Read more DoggBitCoin.Com (https://doggbitcoin.com/bitcoin/analyzing-bitcoin-price-model-prediction-2020-%f0%9f%93%88-could-bitcoin-price-could-hit-1-million-in-2020/) Title: Re: Analyzing Bitcoin Price Prediction Models for 2020 Post by: CryptoBry on December 16, 2019, 03:27:45 AM Quote PlanB used this data to map a Bitcoin graph showing its stock-to-flow ratio and presenting Bitcoin’s case for hitting a $55,000 price tag after halving its 2020. (https://doggbitcoin.com/bitcoin/analyzing-bitcoin-price-model-prediction-2020-%f0%9f%93%88-could-bitcoin-price-could-hit-1-million-in-2020/) I am not a technically-inclined guy and I actually have a hard time understanding some concepts and ideas used in predicting the possible price of Bitcoin in the coming months but I am one of the many who are hoping that as the rewards halving is nearing there can be possible uptick in the price of Bitcoin even just returning to the $10K level and staying there with some stability. However small, there should be some market movement in response to the halving happening in May 2020 though I also see some people already resigned that the halving effects have already been factored into the present price level. Well, all I can say is that predicting Bitcoin can be a very risky business because this beast seems to be untamed in many ways. Title: Re: Analyzing Bitcoin Price Prediction Models for 2020 Post by: bitvalak on December 16, 2019, 04:49:40 AM The price prediction is affected fundamentally as well, as long as the development shows a positive trend the price will also follow the trend.
Many media openly exploit bitcoin news massively, this makes the majority of people worry if bitcoin will not reach its highest point. Title: Re: Analyzing Bitcoin Price Prediction Models for 2020 Post by: bitcampaign on December 16, 2019, 06:29:11 AM everyone is free to write and analyze or predict bitcoin prices, everyone sees and many know about 2020, therefore bitcoin prices currently tend to be stable there is no definite movement down or up, we have reached at the end of the year but have not shown certainty, I can't do an exact analysis, but I hope whatever is the best for bitcoin next year
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