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Author Topic: Price forecast Bitcoin  (Read 2896 times)
odolvlobo
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August 21, 2014, 03:27:20 AM
Last edit: August 21, 2014, 04:14:19 PM by odolvlobo
 #21

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.

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NapoleonBonaparte
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August 21, 2014, 03:56:44 AM
 #22

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?


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.
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August 21, 2014, 10:31:22 PM
 #23

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


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 ---


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


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TrollinU
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August 22, 2014, 01:20:56 AM
 #24

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.

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.

ihuntbtc
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August 22, 2014, 05:39:24 PM
 #25

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


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 ---

This looks good to me. I think stability starts in 2050 tho
Coinfan
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August 24, 2014, 08:22:12 PM
 #26

"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.

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seventhgear
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August 24, 2014, 08:36:39 PM
 #27

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

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