Can The Future Value of Bitcoin be Predicted "Accurately" ?

[coynedterm]

It all depends on market potential. Price of bitcoin depends on many factors like it's demand, total bitcoin in circulation, buyer, seller, and country currency etc. So once cant figure out the demand . At anytime some or the other country could ban use of bitcoin in a particular country so it's definitely not possible to predict the price accurately.

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[JeffBrad12]

Hello Fellas and Bellas,

I'm trying to firstly conceptualize and then hopefully create an accurate Bitcoin Future Valuation tool of some sort. It would essentially be a tool that lets you "scientifically"  and accurately forecast the Value/Price of 1 Bitcoin (and X amount of Bitcoins) in regards to the short,mid and long term future. It would obviously use specific metrics coupled with real-time market sentiment readings which would cause real-time fluctuation/ramifications to the future Valuations .

But i want to ask, is this even possible? I know predicting the future of ANYTHING is deemed impossible but at the very best i am trying to create something that can classed as REALISTIC in terms of the future projections it provides.


Your thoughts?

in my opinion there is no chance of predict the btc price until the next halving comes . because after nezt halving there will be no mining of btc ( information was given by the news sites during last halving ) .

And I don't see the problem is having a relationship with the halving. in this time, wishing you get wrong on your typewriting word.

[vaxo_nba]

https://99bitcoins.com/what-will-bitcoin-be-worth-2020/
I think it'll be interesting for you.

[JANGKRIK BOSS]

Cannot guarantee that everything will be accurate, we all know that the price of the bitcoin can be controlled, when have the control to feel lucky, then they will sell bitcoin then bought it and like it. I think, though profitable, but do bitcoin made a major investment.

[The_Dark_Knight]

Hello Fellas and Bellas,

I'm trying to firstly conceptualize and then hopefully create an accurate Bitcoin Future Valuation tool of some sort. It would essentially be a tool that lets you "scientifically"  and accurately forecast the Value/Price of 1 Bitcoin (and X amount of Bitcoins) in regards to the short,mid and long term future. It would obviously use specific metrics coupled with real-time market sentiment readings which would cause real-time fluctuation/ramifications to the future Valuations .

But i want to ask, is this even possible? I know predicting the future of ANYTHING is deemed impossible but at the very best i am trying to create something that can be classed as REALISTIC in terms of the future projections it provides.


Your thoughts?

Impossible, you need  to understand that it is not possible to foresee every single thing that could make bitcoin change its price in a particular time frame, since most of the factors that affect the price are human factors and humans are not machines that are predictable.

[ethereumhunter]

i think its impossible for us to predict accurately with the price because the price is depend on the people in the market and from the news in outside and we can not know what will happen in out there even for one second. so if there is a tools that can do this, then that tools should be an expensive and only few people which can buy that tools and use for their purpose.

[ASHLIUSZ]

Prediction of bitcoin as well other digital currencies is not at all possible. Based upon the growth in user profiles in relation to the support from different countries to regulate bitcoin the price can be predicted. Now for this year we can make a prediction that the price won't fall below $1000 throughout 2017.

[FlightyPouch]

I think it is a great idea at the same time a worst one. If we can create a software predicting the price of bitcoin, I think it will greatly help us bitcoin users to earn real money, specially traders.
Though it is a worse idea because predicting the bitcoins price is really impossible. Predicting its price is like telling the future or knowing what might happen tomorrow. I guess there will be instances that speculations sometimes became right though not all of the time.

[Przemax]

In my opinion the best tools to predict the bitcoin price are Doji clouds. The logic behind that tool is the logic of how markets behave when having the future long/short contracts that are time based. You open the long/short and you have to adjust to the timeframe making Doji cloud make sense.

Fibonacci retracement is useful prediction tool for bitcoin price but this one is used to measure the fluctuation of prices and its a rather short term.

[Potato Chips]

That's impossible. Nothing in this world can be predicted 100% accurate unless if you can see the future. You can always make a

speculation supported with evidences but it will not be always 100%. Maybe if things got better in the future predicting bitcoin will

not be 50-50 anymore but 70-30 so you will have much chance of predicting right. I suggest that recording significant things like

news and growt everyday or week can be useful since some life events are repetitive.

[PokerFace3]

That's impossible. Nothing in this world can be predicted 100% accurate unless if you can see the future.

Yes, only by using a time machine we will be able to predict it accurately.
How we can predict people's mentality and the demand they are going to create. We need some extra power to know the future. As far as I know, it is not impossible as per the ability of current technology. Hence it will not be possible to predict future value of bitcoin 'accurately' but possible to predict approximately.

[ImHash]

Many people tend to disagree when it comes to guesstimate about future bitcoin prices, but I'll tell you a secret take the difficulty and add the current price as an equal, then double the difficulty and double the price. for example what was the price when diff was as half as it is now? yeah I'm awesome

[angaper]

I also think it's impossible to predict with total accuracy any currency, commodity or any other thing whose price is determined by free market. Even the most studied and better known things, like gold or dollar have been impossible to foresee with full accuracy, and you are specially ambitious because you want to predict the bitcoin price in short, medium and long term!!!!

[Snorek]

https://99bitcoins.com/what-will-bitcoin-be-worth-2020/
I think it'll be interesting for you.

Author of that article confirmed that Bitcoin's price cannot be predicted accurately.

Bear in mind - that article was written in mid 2016 (before halving) when price of BTC was $410 at the time of writing.

Later author wrote:  "I’d wager that by 2020 bitcoin will be worth at least $1,000 dollars"

He occluded that article with this vague statement: "BTC  should continue to gain ground".

I doesn't look like accurate prediction to me.

[whizter]

Cannot guarantee that everything will be accurate, we all know that the price of the bitcoin can be controlled, when have the control to feel lucky, then they will sell bitcoin then bought it and like it. I think, though profitable, but do bitcoin made a major investment.

although there are a lot of experienced people who are predicting about the price of bitcoin but still there i no guarantee for that. i think not a single person can give guarantee about their prediction for bitcoin.

[romero121]

Cannot guarantee that everything will be accurate, we all know that the price of the bitcoin can be controlled, when have the control to feel lucky, then they will sell bitcoin then bought it and like it. I think, though profitable, but do bitcoin made a major investment.

although there are a lot of experienced people who are predicting about the price of bitcoin but still there i no guarantee for that. i think not a single person can give guarantee about their prediction for bitcoin.

That's true, great analyst, bitcoin investors, business people are using bitcoin based on requirements and for investment needs. At the same none can give a exact prediction accurately for the falling hour, everyone just predict this could happen if technology support. So predictions for future accurately with timeline will not be effective.