Bitcoin Forum

Prediction bitcoin up now rising.
End of 2015 there will be increase in rate. According to the analysis charts the rise and fall and the market demand

Are you ready with it?

"""" According to Charts """""" YEH RIGHT. There is no pattern to be found..

My prediction is that in the history of the Earth no one will ever know the future.

haha I also know it and it's just a prediction based on the experience that has happened in the years before his

to stay at 700 by the end of this year. 8) 8)

Here is a statistical prediction, if anyone is interested...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

A lot of people try to compare bitcoin to other commodities and make analysis and predictions based on them, but really there is nothing to compare to it so no-one really knows. Me, I think it's going to go up. A LOT

Wouldnt this include you and thus render your statement false, which in turn would make i correct ...

damn logic bombs.  (http://media.giphy.com/media/FmY0rhYHsXsas/giphy.gif)


I predict 1037
https://i.imgur.com/QWljjrW.png



...because everything else is linear or why?

man, even BTC Jesus dont know the future  :'(

1 million per bitcoin in 3 years? MY ARSE

because:

http://media-cache-ak0.pinimg.com/736x/68/1c/16/681c1653e903f06874b1a463b63a19c7.jpg

and:

https://i.imgur.com/FnJShDU.png

Yeah I know the pattern, yet every time I read those "arguments" it reminds me of that parabel with the hen.

The hen wakes up in the morning. Sees the sun and expects it to be like this every day. For a while it is. Hen wakes up, sees sun, goes to sleep in the evening. One morning however the hen wakes up, sees the sun and the farmer shops its head off.
"It has been like this" is not an argument for the future.

Bitcoin price is unpredictable in the short term but we have seen before that in the long term it is following a pattern.

That's not an explanation and it has nothing to do with statistics.

EXACTLY what i said!

The way I look at it is. The price must go up with the rise of difficulty. When it costs more in electric to mine a coin then then that coin is even worth that is IMO when the price of the coin must go up or fail completely. Nobody will continue to mine at a loss for a long period so there really is only those 2 options.

For the next year there is too many variables that are unknown making it impossible to make any sort of prediction.
We don't know what kind of chips with low power efficiency will be released, we don't know how much per kw electric will increase, and we don't know the level of difficulty increases each term.

That said, I would be happy with 800-1000 by the end of 2015. That not a prediction but that is just what I hope for. Of course I would be thrilled to see even higher numbers.

Not sure what u r trying to say. I am just taking note of the data points here. If we consider 2014 target has already been achieved in 2013, then 6 out of 9 data points are known. U r just following the graph for 3 data points relying on 6. Probability is 6/9, i.e. 66.66%.

66% is a very high probability, I wouldn't esitate a second to go all in with these chances to reach millions $.

I love this analogy, it's perfect. The farmer is the nation-state, and the hen represents any threat to the nation's sovereignty and/or monopoly over money creation.

Bitcoin is one such threat. If the farmer (nation) could chop off Bitcoin's head, he would. The Chinese farmer already tried. So did the Russian farmer.

Now the New York farmer (Lawsky) is trying to cut off the hen's head, and he will fail too. Because there's just one small problem with your analogy, friend.

Bitcoin is not a hen. It's a Hydra.

http://fc08.deviantart.net/fs70/f/2014/034/4/1/hydra__dipsy_demo__by_sandara-d74271p.jpg

And in this myth, the Hydra eats all the farmers.

With respect, has anyone ever called you a clown!

Try applying a little bit of maths to your theory.

 Let me give you a clue and you can work it out for yourself.

Let's assume that in 2017 there are 15 million bitcoins "minted" with a value of $1m per bitcoin.

Now go and google the Global GDP!

D'oh!!!!!!!!

Unfortunately, your point is not clear. 15 million bitcoins at $1 million each is $15 trillion. It seems like you are arguing that $15 trillion is too high, but the Gross World Product is about $80 trillion (depending on the source) and the global M2 is about $55 trillion. So, you can't be arguing that $15 trillion is too high, so you must be arguing that it is too low.

I doubt we will hit new high before 2014.

As for 2015, it will be very much depended on the sentiment on wall street regarding the coin.

You are forgetting that the value of a dollar can (and does) fluctuate just as easily as the value of a Bitcoin...

http://disposablewisdom.com/wp-content/uploads/2012/03/173-1214130656-fed-purchase.jpg

This is why miners don't get to choose the price!
Price does not follow difficulty. Difficulty follows price. If the price drops below cost to mine, miners drop out and difficulty drops to equilibrium. When price rises, miners start mining again and difficulty rises. What is so difficult to get about this? This is a tired subject that has been hashed out 1MM times before.

This looks good to me. I think stability starts in 2050 tho

"It has been like this" is the basis of the scientific method and all scientific predictions based on laws derived from the analysis of past events.

Luckily bitcoin's value doesn't decrease with time but it has an exponential growth which hasn't stopped yet :)