Modelling Bitcoin price

[pawel7777]

Found this recently on world bitcoin network youtube channel if anyone wants to play with it:

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

Simple piece of software (alpha) for modelling price of Bitcoin.

Explanation on how it works (and how to add/remove options) in this video (best to watch it first):

https://www.youtube.com/watch?v=g2nXgK34HIM

[coinableS]

D'Angelo makes some great vids. If you haven't watched them, make a weekend of it and go on a marathon. Even if you think you already know a ton about bitcoin you're still likely to learn something.

[Fabrizio89]

It's a pretty cool toy, nice find.

[Nrcewker]

interesting site!

but no adverse factors?

[pawel7777]

interesting site!

but no adverse factors?

There are a few (scroll down), such as Regulation Pressure, Merchant Pressure,Risk of Failure etc. You can also add your own variables.

[Bejkn]

cool, but what meaning of the model? it is impossible to predict the price

[pawel7777]

cool, but what meaning of the model? it is impossible to predict the price

As stated on the website:

Mission Impossible: Modeling a market price. This is a Simple Linear Model - Alpha Version - For Education Purposes Only

It's not very likely you'll make an accurate price prediction using this tool, but there's no harm in trying.

The purpose is rather to give you an idea what the price could be (not will be) if some criteria are met (ie if BTC takes over x% of gold market etc).