Price of Bitcoin at crypto market cap of $1 Trillion to ...
Price of Bitcoin at crypto market cap of $1 Trillion to ...
Bitcoin Price Prediction: BTC Holds In A Range, Is It Time ...
Bitcoin Price Prediction 2020 - $500,000 If Bitcoin Does THIS!
6 Price Predictions for Bitcoin in 2020 by Industry Experts
Bitcoin Price Predictions - Future Bitcoin Value for 2020 ...
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Bitcoin pioneer predicts $1T BTC market cap by 2022 or 'sooner'
This post was originally published on this siteThis post was originally published on this siteBitcoin (BTC) hitting a $1 trillion market cap by 2025 is “conservative” and those levels should hit in less than two years. That was according to Blockstream CEO Adam Back, who delivered a fresh bullish BTC price outlook on Oct. 5. Back was responding to a report by […]
Long-term correlation: BTC Users vs BTC Price Historical Analysis
I posted previously trying to correlate bitcoin users to bitcoin price, and see if I could measure the affect of the Willy Bot from Mt. Gox on the 2013 bubbles Original post:http://www.reddit.com/BitcoinMarkets/comments/2ey8pw/longterm_correlation_btc_users_vs_btc_price/ after some good feedback, I've updated my analysis. I expanded the time frame to include mid 2010 and now use active addresses (non zero bitcoin balance) directly from the blockchain instead of bitcointalk.org users as a proxy for total world wide bitcoin users BELOW NUMBERS ARE INCORRECT!!!!!!!!!!!!!...see edit3 at end of post for details
Active Addresses on Blockchain
Transactions per Day per Active Address (Excluding Popular Addresses)
Actual Bitcoin Market Cap
Predicted Bitcoin Market Cap
I ran a linear regression analysis (intercept set to 0) to get the predicted bitcoin market cap. The formula is "Predicted BTC market cap" = "active addresses" X 116 i excluded data after 1/1/2013 because my hypothesis is that this more recent data was manipulated by willy bot and not indicative of true market demand observations: -Some suggested that bitcointalk wasn't a good proxy for users but it looks like growth in bitcointalk users has closely mirrored the blockchain active addresses -Some suggested that transactions would show that Metcalf's law is operating here (ie more transactions per day per person). The "Transactions per Day per Active Address" column should show that there is no clear trend so i don't view that as good evidence for using Metcalf's law -when you remove the spike in users from bubble growth, it appears user growth (measured by active addresses) is averaging about 100% annually. Long term this would be the expected growth in bitcoin market cap as well (though not smooth) if we use zipf's law to value bitcoin -Maybe Metcalf's law was responsible for the 2013 bump in btc price...however we did NOT see Metcalf's law in effect from June 2010 to Jan 2013..we saw zipf's law in effect during that time frame (which says 2x in users = 2x in price...not 2x in users = 4x in price as Metcalf's law implies) -This model implies a fair value of about $26 per bitcoin. This is obviously pretty low, and i'm not suggesting it will reach this point. Though i may suggest that bitcoin could languish in the 100-$800 range for a few years until my "fundamental bitcoin value" reaches that same $500 or so range (ie about 100m active wallets...around 2017-2019 or so) -all of this is just a wild guess. I hate technical analysis and anything like it, but thought this was at least interesting. Don't buy or sell based on this info. I'm still a long term holder. I've just tempered my expectations time frame wise. 10x per year increases in price are over. No $100,000/btc coins in 2016. edit: changed date formats edit3: a bunch of my numbers above are wrong. See this comment and its Original post for better numbers: https://www.reddit.com/Bitcoin/comments/2pf202/historical_data_transactions_per_day_per_active/cmw64uc
The astronomical predictions of the future market cap for Bitcoin, in particular, may be a far stretch at this point in time
The astronomical predictions of the future market cap for Bitcoin, in particular, may be a far stretch at this point in time. #xeraexchange #exchange #crypto #cryptocurrency #btc #eth #blockchain #altcoins #technology
The Fed's bitcoin price research should be related to Kin's price, and my $809 billion market cap price prediction for Kin
First, I have to say I'm happy to see some price action, although I still don't think we're anywhere near Kin's value. :) I think one big whale decided enough is enough and went heavy into Kin. To the article from the Fed. Here it is. It's really simple, and I don't like the Fed, but I liked this article... very well written, and seems to be very well researched. There are good points about the difference between the speculative demand for a currency and the transactional demand for a currency. I believe this directly relates to Kin. The Fed is essentially saying for Bitcoin, and I think it applies for Kin, that once a large, liquid market for betting against a currency exists alongside a large, liquid market for betting for a currency, the speculative demand for and against a currency largely balance each other each other out and the truer price of an asset emerges. The speculative upward pressure largely disappears. This is what happened to bitcoin as it fell in late December and January of this year as more and more participants started betting against it through the CME futures exchange. What we have left is largely the transactional demand-based price of bitcoin, though speculative demand for bitcoin still exists. I believe this article is a huge bull note for Bitcoin, but especially for Kin, because it's essentially saying that the Fed believes there is value in a cryptocurrency, and I'm sure it applies to Kin as much as bitcoin. Since Kin should soon (this is a relative term, could be days, weeks, or months away) have more transactional value than Bitcoin, because of hundreds, thousands, or even millions of apps incorporating Kin and competing for KRE (Kin Rewards Engine) rewards amounting to hundreds of thousands (or millions) of dollars worth of Kin collectively being paid out to those app developers every single day... I believe Kin's future is very bright. Of course on a day like today Kin looks like a smart move for those of us who are now 3x or 6x from where we started... but I truly think we are just getting started and Kin is still a great deal. 10% of worldwide fiat in circulation (based on broad money supply) is a good long-run price prediction for the market cap for Kin, in my opinion. But be conservative, even 1% of worldwide fiat's value puts Kin's market cap at around an esimated $809 billion.
Bitcoin price breakouts from a minor short term double-bottom pattern but fails to rise above $10,400 resistance. Bitcoin could be on its way to … Cryptocurrencies: 7,314 Markets: 30,680 Market Cap: $342,809,763,392 24h Vol: $92,226,403,972 BTC Dominance: 58.1% The market cap of Bitcoin is USD 202,218,409,217 with 18,492,662 BTC circulating currently. The 24-hour price movement chart indicates that $29,449,745,971 worth of BTC was trading. (Bitcoin price prediction today USD). You can check the Bitcoin hourly price prediction or Bitcoin price live on any of the sites. BTC/INR Live Price Trillion dollar market cap. As you can see in the chart above, Bitcoin could be worth $33,000 when the total crypto market cap reaches $1 Trillion. In the long-term (3-5 years), we expect crypto market cap to exceed $5 Trillion dollars in the total market cap. Bitcoin’s value adjusted for this market cap will give us $166,000 per bitcoin. If Bitcoin indeed follows its historic price patterns, the $55,000 price at $1 trillion market cap may just be the start. With 17.6 million bitcoin already mined out of a total 21 million, the market is currently absorbing about 1,800 bitcoin per day or roughly $7 million dollars. BTC - Bitcoin Price Prediction for tomorrow, week, month, year & for next 5 years. The forecast is based on our in-house deep learning (neural network) algo.
Bitcoin Hit $50,000😳 price prediction 2020/Bitcoin Next ...
There are lot's of different Price Predictions for Bitcoin. There are Price Predictions for Bitcoin from 0 to 1 Million Dollar, some Predict Bitcoin even higher than 1 million Dollar. Bitcoin and cryptocurrency news - Draper sees 80 trillion market cap, Bitcoin mining below break even levels, and Tezos mainnet coming. Draper https://cointe... Bitcoin vs Gold. Which asset is the better store of value? Gold has been considered one of the best store of values for centuries, but since Bitcoin's inception in 2009 many argue that BTC is the ... Fidelity, nasdaq that companies including the bitcoin field that all companies total market cap come in to bitcoin. Will hit $100000. BITCOIN Technical Analysis :- Bitcoin Next Move 50/50% chance ... Will your $0.01 Siacoins be worth $1000 some day? You can use Market Cap to gauge the likelihood that will happen. Watch my video to learn more!! Also please...