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Title: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: Gembul on December 27, 2016, 03:47:48 PM News Bitcoin - Halving History Suggests Bitcoin’s Price Is Heading for $11,210
From July 2011 to February 25, 2013, Bitcoin users looked up to this number: $32. It was, back then, bitcoin’s all-time high. You can see that first bump in the Bitcoin USD all-time price chart just above the date “July ’11” After matching its all-time high on that aforementioned, fateful day in February 2013, Bitcoin peaked next on April 8, 2013, at $238. That represents a 644% increase once Bitcoin’s July 2011 all-time high had been met. Bitcoin thereafter decreased in price, bottoming out around $69 in early July 2013. In early November 2013, Bitcoin blew by the previous all-time high of $238. On November 29, 2013, one Bitcoin was worth $1,122 (a 371% increase) before a collapse in price and subsequent consolidation. Fast-forward more than three years and many headlines later, and Bitcoin is trading at just over $900, six months after the second Bitcoin halving in July. Read More >>> https://news.bitcoin.com/halving-history-suggests-bitcoins-price-is-heading-for-11210/ (https://news.bitcoin.com/halving-history-suggests-bitcoins-price-is-heading-for-11210/) Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: panju1 on December 27, 2016, 04:11:19 PM There is no halving history. The article is extrapolating based on the one data point they have on halving. :P
It was previously said that you always were in the green if you held Bitcoin for one full year... Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: richardsNY on December 27, 2016, 09:41:27 PM Whatever people or experts are looking at, there is absolutely no way to tell what the price of Bitcoin eventually will be. It's pure guessing that they do. At the time their prediction becomes reality (which I of course don't mind) they are loud and say 'See, I was right!'. But at the time they see that their predictions are way off from the reality, you don't hear anything from them. :D Great article for perma bulls, but unfortunately it's without any value.
Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: snipie on December 27, 2016, 09:54:12 PM Quote We’ve looked at price peaks after previous all-time highs had been reached and what the price did after halving 2012. There are many variables missing, but with the inputs we’ve used, the current price trend could land Bitcoin between approximately $5,290 and $11,860,00. The guy writing this article isn't serious "there are many variables missing" so find it before calculating the price "with the inputs we’ve used" oh really 1.7 x $648 = $11,210 More precisions here Quote 1,730 percent (the percentage price increase after halving 2012) of $648 comes to about $11,210 I think everyone want to see the bitcoin price +$10k but this article is a failure... On the halving day 2016, the price of Bitcoin stood at $648 Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: Papa Bear on December 28, 2016, 02:55:54 AM If Bitcoin reached its previous all-time high of $1,122, and then increased similarly to the previous time it surpassed an all-time high in April 2013 (371%), that would place Bitcoin at around $5,290 in the near-to-mid-term future.
Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: dfox101 on December 29, 2016, 06:59:58 AM I like this news, lol, will buy more bitcoins for sure. It is the future gold.
Seriously, going to $10,000+ for bitcoin is totally possible, but I guess it will probably take at least 5 years. Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: TraderTimm on December 29, 2016, 03:47:28 PM Just for fun, take half of 371% = ~185%
From a starting point of 800 that gives you ~2,275 From slightly lower at 700 that gives you ~2,000 No real scientific basis, just having fun with numbers.... Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: Minecache on December 29, 2016, 09:39:31 PM Just for fun, take half of 371% = ~185% I like those fun with numbers. But we have to remember that Bitcoins block size is still an issue. From a starting point of 800 that gives you ~2,275 From slightly lower at 700 that gives you ~2,000 No real scientific basis, just having fun with numbers.... Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: yayayo on December 30, 2016, 01:00:32 AM Another trash article from the propaganda platform of obstructionist drama queen Roger Ver. Bigblock fanatics seem to be experts in extrapolating any kind of random data... :D
There is zero evidence for a causal relationship between halving events and fiat price increases. All you see is pure correlation, which explains exactly nothing. The major Bitcoin mining operations can operate profitably at much lower prices. Based on rational thinking, other fundamental economic factors explain the increase in fiat valuation much better than halving events: With the passing of time, usage and demand for Bitcoin have increased. That's all. ya.ya.yo! Title: Re: [2016-12-27] Halving History Suggests Bitcoin’s Price Is Heading for $11,210 Post by: maku on December 30, 2016, 01:04:35 AM Just for fun, take half of 371% = ~185% I like those fun with numbers. But we have to remember that Bitcoins block size is still an issue. From a starting point of 800 that gives you ~2,275 From slightly lower at 700 that gives you ~2,000 No real scientific basis, just having fun with numbers.... Author of this news tries to connect the dots on the charts - in a confusing way I must add. It reminds me of that games where you add numbers of your birth date to predict when you will die... Bitcoin price doesn't work like this. |