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Author Topic: Bitcoin price prediction for August, September, and up to December 2018  (Read 57 times)
ruthbabe
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August 20, 2018, 03:49:34 PM
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According to The Economy Forecast Agency, the following are their Bitcoin price prediction for August, September, October, November, and December 2018.

Bitcoin price prediction for August 2018.
In the beginning price at 7735 Dollars. Maximum price $7764, minimum price $5881. The average for the month $7063. Bitcoin price forecast at the end of the month $6871, change for August -11.2%.

USD to BTC predictions for August 2018.
In the beginning price at 1.293 Bitcoins. Maximum price 1.700, minimum 1.288. The average for the month 1.434. The USD to BTC forecast at the end of the month 1.455, change for August 12.5%.

Dollar to Bitcoin forecast for September 2018.
In the beginning price at 1.455 Bitcoins. Maximum price 2.094, minimum 1.287. The average for the month 1.553. The USD to BTC forecast at the end of the month 1.377, change for September -5.4%.

USD to BTC predictions for October 2018.
In the beginning price at 1.377 Bitcoins. Maximum price 1.377, minimum 1.110. The average for the month 1.263. The USD to BTC forecast at the end of the month 1.187, change for October -13.8%.

Dollar to Bitcoin forecast for November 2018.
In the beginning price at 1.187 Bitcoins. Maximum price 1.500, minimum 1.187. The average for the month 1.317. The USD to BTC forecast at the end of the month 1.395, change for November 17.5%.

USD to BTC predictions for December 2018.
In the beginning price at 1.395 Bitcoins. Maximum price 1.785, minimum 1.395. The average for the month 1.559. The USD to BTC forecast at the end of the month 1.660, change for December 19.0%.


Do you think of the above predictions are accurate? Let us know your thoughts below.

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cellard
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August 20, 2018, 05:05:40 PM
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Where did you copy that from? these valuations are obviously too low. This is is what the website is saying for me right now:

 Bitcoin price prediction for August 2018.
In the beginning price at 7735 Dollars. Maximum price $7764, minimum price $5881. The average for the month $7063. Bitcoin price forecast at the end of the month $6871, change for August -11.2%.

BTC to USD predictions for September 2018.
In the beginning price at 6871 Dollars. Maximum price $7769, minimum price $4776. The average for the month $6669. Bitcoin price forecast at the end of the month $7261, change for September 5.7%.

Bitcoin price prediction for October 2018.
In the beginning price at 7261 Dollars. Maximum price $9013, minimum price $7261. The average for the month $7990. Bitcoin price forecast at the end of the month $8423, change for October 16.0%.

BTC to USD predictions for November 2018.
In the beginning price at 8423 Dollars. Maximum price $8423, minimum price $6668. The average for the month $7671. Bitcoin price forecast at the end of the month $7170, change for November -14.9%.

Bitcoin price prediction for December 2018.
In the beginning price at 7170 Dollars. Maximum price $7170, minimum price $5601. The average for the month $6491. Bitcoin price forecast at the end of the month $6023, change for December -16.0%.

So either something went wrong when youcopy pasted and some sort of weird conversion happened on these values or the site was bugged when you copypasted it. Notice your numbers also lack the $ sign, very strange. What im missing here?

ruthbabe
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August 20, 2018, 05:50:36 PM
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Where did you copy that from? these valuations are obviously too low. This is is what the website is saying for me right now:

~snip~ to save space...

So either something went wrong when youcopy pasted and some sort of weird conversion happened on these values or the site was bugged when you copypasted it. Notice your numbers also lack the $ sign, very strange. What im missing here?

Weird, very strange? Perhaps you missed something or you simply did not read all the context. The source and the link are there, and yes, I copied and pasted it, and I highlighted the reason why, "According to The Economy Forecast Agency, the following are their Bitcoin price prediction for August, September, October, November, and December 2018." That was their predictions, not mine. Do I have the right to alter what was there?

And just below that predictions, I added a footnote that read, "Do you think of the above predictions are accurate? Let us know your thoughts below." Please click the link for you to see that there's really no $ sign. Once a statement is copied and pasted there will be no error, it only becomes erroneous if altered of its contents.


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August 20, 2018, 11:21:00 PM
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It looks like they're predicting a ranging market through the end of the year, which is what I've been expecting for a while. They're leaving open the possibility of another harsh dip to the $5,000 support area, which I don't quite expect myself, but it's reasonable enough. The extreme lows and highs look like good pivot zones where I would expect accumulation and distribution.

This is one of the more reasonable forecasts I've seen in a while.

davis196
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August 21, 2018, 06:47:49 AM
 #5

Perhaps it would be better to summarize this info into that:
August:-11.2%
September:+5.7%
October:+16%
November:-14.9%
December:-16%

This is just a price prediction with no analysis.There's no explanation why the price will rise during October and fall during December.I don't believe that this prediction will happen,bitcoin always has a significant rise during Christmass and the new year.

ruthbabe
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August 22, 2018, 10:47:41 AM
 #6

Perhaps it would be better to summarize this info into that:
August:-11.2%
September:+5.7%
October:+16%
November:-14.9%
December:-16%

Yes, that's great and look better, and easy to understand.

Quote
This is just a price prediction with no analysis.

That is true. I was searching for their analysis if any on their homepage, and I found nothing. However, I found something interesting about their Methodology that says, "Our specialists use mathematical and statistical methods of prediction based on the existing historical data. They take into account the following factors with varying degrees of importance: cyclic recurrence, knowing correlation of market indicators, changes in the availability and attractiveness of the instrument for speculators, electronic and algorithmic trading growth, regulatory intervention degree and frequency of significant events over time."




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