Average rise per day/week based on different values for the year 2020

[yokosan]

To calculate the price increase I simply divide the difference in price over 2825 days until 2020.

$1,000             $0.3/day          $2.1/week
$5,000             $1.72/day        $12.04/week
$10,000           $3.5/day          $24.5/week
$25,000           $8.80/day        $61.6/week
$50,000           $17.65/day      $123.55/week
$75,000           $26.5/day        $185.5/week
$100,000         $38.35/day       $268.45/week
$1,000,000       $353.9/day       $2477.3/week

Anyway, it is not likely to work out like this as it will occur in waves but the point is that people have gone batshit crazy because of a $20 increase in one day. We are nowhere near the point where this will happen on a daily basis, not least of all because Gox couldn't handle it.

But anyway, what do you think is a viable amount to go up by per day/week? If your answer is just $3.5/day then you are basically predicting a price of $10k/BTC in 7 years.

[Ekaros]

500$ half of 1k... 1,05$ per week, if inflation of USD is relatively stable.

[DeathAndTaxes]

Would be better to calculate it as a compounding gain.

Final Price = Current Price * (daily % gain ^ 2825).

The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly.  Maybe $200 per week initially and closer to $10K per week near the end.

[yokosan]

Would be better to calculate it as a compounding gain.

Final Price = Current Price * (daily % gain ^ 2825).

The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly.  Maybe $200 per week initially and closer to $10K per week near the end.

Yes. Sadly I lack the mathematical skills to calculate this.

[awkorama]

$1,000.00   0.07%   0.49%
$5,000.00   0.13%   0.89%
$10,000.00   0.15%   1.06%
$25,000.00   0.18%   1.29%
$50,000.00   0.21%   1.47%
$75,000.00   0.22%   1.57%
$100,000.00   0.23%   1.64%
$1,000,000.00   0.31%   2.22%



There you go

[Piper67]

Would be better to calculate it as a compounding gain.

Final Price = Current Price * (daily % gain ^ 2825).

The reason is that even if BTC was worth $1M in 2020 it wouldn't be gaining $2500 per week linearly.  Maybe $200 per week initially and closer to $10K per week near the end.

Yes. Sadly I lack the mathematical skills to calculate this.

What was the saying? Mankind's greatest failure is our failure to understand the exponential function