Bitcoin price predictions based on actual data / mathematics

[STT]

7 tx per second or some other very low amount (visa alone does 1700 tx per second)

They arent doing equal tasks there, Visa has the easier job by far.   I think bitcoin will need to progress but its not purely about that comparison as its already the case that far more transactions denominated in BTC are occurring off the blockchain then on it.   If we could total up all the tx occurring in a related way on each website in the name of BTC but not being logged on the blockchain then we'd see a far higher figure.     Ideally I'd like to see us move away from leaning on each website for security and integrity, there has to be a half way between the big blockchain and settlement of the individual amounts.
  The heights of Price by itself isn't the success I want to see but the breadth and base to Bitcoins abilities would be far more impressive to me.

[thecodebear]

I own no btc but mainly XRP and a few other cryptos

I'm just gonna respond to this....yikes! First thing in crypto you should be doing is getting your hands on Bitcoin. XRP is probably the last thing you should be getting, well, I'd put xrp in the same bucket as bch and bsv: pure trash. I guess you're new to crypto. Advice from someone who has been around for a bunch of years - sell your xrp and put that into Bitcoin. Forget about shit coins like xrp. Focus on Bitcoin, Ethereum, and other major use cases and platforms. Stuff like smart contract platforms, chainlink, polkadot, maybe specific applications that you believe in. XRP is probably the single most over valued coin in crypto. I know I didn't answer your actual question on the thread but the "no btc mainly XRP" statement sent shivers down my spine. NOBODY should have a portfolio that lopsidedly terrible.

[Hippocrypto]

I didn't hold some particular amount of btc for now because it was too expensive, and currently the price hasn't decline so I preferred to hold some altcoins which I seen to have good potential. Right now I got reef coins and xrp as my main portfolio, and also looking forward for another promising coins that would fill my asset in future trades once bitcoin also go down, I've more chance to invest if it goes cheaper someday.

[JimboToronto]

When are you "crypto" people going to realize that only real Bitcoin matters?

Don't let corporate scammers like Ripple rip you off with their unlimited-supply, pre-mined, centralized garbage.

Don't con yourself by thinking Bitcoin is "too expensive". You can buy over 1666 satoshis for only a dollar.

Don't underestimate the importance of being the first, of being immune to interference from governments and other corporations, and being completely decentralized without a CEO, physical address, website, or other vector of attack. Its strength lies in being just a software protocol running on a peer-to-peer worldwide network of independent individuals.

Don't be scammed.

[magneto]

There is some truth to this sort of calculation.

I think that a better valuation metric would perhaps be looking at the current market capitalisation of gold and silver - a vast majority of that will eventually translate into demand for BTC as more people realise that BTC is the far superior, more convenient long term store of value.

But this won't help predict short term price movements whatsoever. That is totally arbitrary based on how buyers and sellers feel on the day.

[arufox]

I don't know the answers to these questions but it seems one day at least the buyers will have to run out and btc drops massively maybe to 0.

Food for thought.

You say based on actual data/mathematic, I just say this is a stupid statement based on a newbie in cryptocurrency..

How many people that already know about bitcoin?? Still, a lot of people don't know, what will happen if all people around the world know it?? Then they withdraw all their money from the bank go to Bitcoin??

So, learn about Bitcoin before make a stupid statement "will drop massively maybe to 0".. lol

[maxreish]

For the price of btc to double (55k usd to 110k usd) it has to go from its current market cap of USD 1 trillion to USD 2 trillion. Then to double again (110k usd to 220k usd)  it needs a 4 trillion market cap. Where is all this money coming from?

What money are you talking about here.? I thought we are talking about the price of bitcoin and how to double it with doubling also the market cap. And there are so many big investors who tend to buy and hold bitcoin, and big companies who invested into it. Why ask where is it coming from?

The people in 2021 saying btc will go to 10 mil or 100 mil etc what mathematics are they basing their predictions on? Or are they just making numbers up?

Others predicted the price of bitcoin as 1mil to 100mil but they definitely saying it that it will happen few years from now. Some just speculated it based on the previous history of btc, some also used technical analysis  as their basis.

[slaman29]

I don't know the answers to these questions but it seems one day at least the buyers will have to run out and btc drops massively maybe to 0.

Food for thought.

You say based on actual data/mathematic, I just say this is a stupid statement based on a newbie in cryptocurrency..

How many people that already know about bitcoin?? Still, a lot of people don't know, what will happen if all people around the world know it?? Then they withdraw all their money from the bank go to Bitcoin??

So, learn about Bitcoin before make a stupid statement "will drop massively maybe to 0".. lol

The "actual" and "data/methematics" kind of gave it away in the title to be honest! I think anyone who opens an argument with saying they are using actual things are actually doing the opposite;)

Data-based technical analysis is usually good enough for me. I won't believe it but I find it much more interesting than all these other supposed hypothesis based "actually" on opinion;)