$100K Bitcoin Prediction Using Math.

[Wind_FURY]

He is always saying price has to follow hashrate/difficulty. But that is completely wrong.
Hasrate follows price!!
If price goes down significantly over longer period of time, miners will shut down some of their mining hardware, therefore hashrate decreases and difficulty goes down.
If price later goes up again, miners will switch on these mining hardware again cause it's getting more profitable again, therefore hasrate increases and difficulty goes up. This is Bitcoin mining 101!

Then this is really good news for BitcoinCash miners and investors. It is now being pumped and might be over $500 per BCC this weekend.

If some hash power transfers to BitcoinCash, will that make the price of Bitcoin decrease? I believe it will take a longer time for the difficulty to adjust in BTC.

[Peteroman]

If some hash power transfers to BitcoinCash, will that make the price of Bitcoin decrease?

History says Bitcoin hashrate doesn't decrease and therefore price won't drop significantly

[Denker]

He is always saying price has to follow hashrate/difficulty...

Yes, in other words: miners decide the price.

Again this is wrong. Miners don't make the price!
I'd guess you're the noob who made this video right?!
Miners have no influence of what the price of Bitcoin will be, except dumping the coins to the market they hold.
It's not the miners who give Bitcoin it's value. They are just 1 part of several more with much more significance!

[Peteroman]

Again this is wrong. Miners don't make the price!
I'd guess you're the noob who made this video right?!
Miners have no influence of what the price of Bitcoin will be, except dumping the coins to the market they hold.
It's not the miners who give Bitcoin it's value. They are just 1 part of several more with much more significance!

Miners decide the price meaning: they sell their coins at a price higher than it cost to mine them.

[Wind_FURY]

He is always saying price has to follow hashrate/difficulty...

Yes, in other words: miners decide the price.

Again this is wrong. Miners don't make the price!
I'd guess you're the noob who made this video right?!
Miners have no influence of what the price of Bitcoin will be, except dumping the coins to the market they hold.
It's not the miners who give Bitcoin it's value. They are just 1 part of several more with much more significance!

So are you saying that the effect of losing the miners to BitcoinCash will not have a significant price decrease? I believe it will because if let us say 30% in Bitcoin's hash power suddenly is gone, the difficulty will take some time to adjust and it will make the network slow and confirmations will take a lot longer.

[snowdropfore]

math  do not lie ,and i think the price of bitcoin will be 100000$,it is a matter of time .

[Opekin]

https://youtu.be/c_PBwQpCoJU

Good video and nice prediction.
I've done also some of my predictioni compute by months and years and i have some good predictions that is near from the actual value but i much thinking for the overall yearly progress .Example of 100k usd i assume that it will be happen 3 3years from now.

[Peteroman]

https://youtu.be/c_PBwQpCoJU

Good video and nice prediction.

thank you.

[JimboToronto]

Good point. Hashrate must follow the price.

Bitcoin launched at $0.

According to that logic, the difficulty would never increase, because for the difficulty to rise: Bitcoin would first have to be worth something!

I don't think it's black or white. The price is determined by both the production cost and speculation.

For the first year Bitcoin was mined strictly as an academic exercise and speculation.

It wasn't until May 22, 2010 that it actually became worth something when a $20 pair of pizzas was sold for 10,000 bitcoins.

That was when Bitcoin was really launched with a value of $0.002 per coin.

There's no denying that price and difficulty are now closely correlated. The question is which is the chicken and which is the egg.

[buwaytress]

He is always saying price has to follow hashrate/difficulty. But that is completely wrong.
Hasrate follows price!!
If price goes down significantly over longer period of time, miners will shut down some of their mining hardware, therefore hashrate decreases and difficulty goes down.
If price later goes up again, miners will switch on these mining hardware again cause it's getting more profitable again, therefore hasrate increases and difficulty goes up. This is Bitcoin mining 101!

It's not completely wrong, but it is an extremely simplistic view of how connected the two are and the correlation runs further askew as you apply this to other cryptos. You only have to look at the first post $1000 Bitcoin ATH to see that hashrate continued its trajectory despite taking two years to retest the old ATH. Even Bitcoin's struggles past sub-500 prices didn't do much to deter this. I definitely feel that miners will continue to bear upward pressure on price and this will only get stronger as we progress towards 21 million coins but the bulk of miners still have sufficient profit margins to keep on hashing. In fact, even when block rewards diminish and fees become the majority of income, it only makes sense that price has to keep up with expenses.

[Cranidos]

As far as I know, Bitcoin's price is being dictated by the demand and supply in the market. So if some are indicating that the hashrate is relevant to the increase (or decrease?) of Bitcoin's price or the price change is based on the hashrate, then the miners are the one who dictates the price? Bitcoin is decentralized and I am sticking to the concept of the law of demand and supply. Please enlighten us, is it hashrate that states the price change or the demand and supply is?

[Peteroman]

Please enlighten us

Keep an eye on https://bitcoinwisdom.com/bitcoin/difficulty
When difficulty rises in 2 days: lmk if you notice any price difference.