Bitcoin (BTC) Price Prediction and Analysis in August 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 […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Bitcoin pioneer predicts $1T BTC market cap by 2022 or ‘sooner’

Bitcoin pioneer predicts $1T BTC market cap by 2022 or ‘sooner’ submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Bitcoin pioneer predicts $1T BTC market cap by 2022 or ‘sooner’

Bitcoin pioneer predicts $1T BTC market cap by 2022 or ‘sooner’ submitted by none7987 to Bitcointe [link] [comments]

Bitcoin Market Cap To Hit $1 Trillion By 2022, Blockstream CEO Predicts #btcfundtrade #bitcoinnews #bitcoin

Bitcoin Market Cap To Hit $1 Trillion By 2022, Blockstream CEO Predicts #btcfundtrade #bitcoinnews #bitcoin submitted by btcfundtrade to u/btcfundtrade [link] [comments]

Bitcoin pioneer predicts $1T BTC market cap by 2022 or 'sooner'

Bitcoin pioneer predicts $1T BTC market cap by 2022 or 'sooner' submitted by a36 to AllThingsCrypto [link] [comments]

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
Date Active Addresses on Blockchain Bitcointalk.org Users Transactions per Day per Active Address (Excluding Popular Addresses) Actual Bitcoin Market Cap Predicted Bitcoin Market Cap
2010/7/1 3,600 656 .0522 $260,000 $417,600
2011/1/1 36,250 3,964 .0179 $1,500,000 $4,205,000
2011/7/1 155,150 36,713 .0541 $110,000,000 $17,997,000
2012/1/1 580,000 50,878 .0061 $42,000,000 $67,280,000
2012/7/1 730,000 63,266 .0115 $65,000,000 $84,680,000
2013/1/1 1,100,000 79,864 .0118 $142,000,000 $127,600,000
2013/7/1 1,900,000 141,764 .0137 $807,555,000 $220,000,000
2014/1/1 2,400,000 233,982 .0168 $8,000,000,000 $278,000,000
2014/7/1 3,051,611 360,513 .0185 $7,500,000,000 $354,000,000
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
submitted by greenearplugs to Bitcoin [link] [comments]

09-19 19:35 - 'New Whitepaper Predicts $140k Bitcoin Price With $3 Trillion Market Cap Within 5 Years' (coinfomania.com) by /u/ChinnyBeneath removed from /r/Bitcoin within 2102-2112min

New Whitepaper Predicts $140k Bitcoin Price With $3 Trillion Market Cap Within 5 Years
Go1dfish undelete link
unreddit undelete link
Author: ChinnyBeneath
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Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH

Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH submitted by Ranzware to BitNewsLive [link] [comments]

Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH

Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH submitted by swiftestcat to btc [link] [comments]

Bitcoin will Attain Market Cap of 1$ Trillion: Prediction by Willy Woo

Bitcoin will Attain Market Cap of 1$ Trillion: Prediction by Willy Woo submitted by affika to Bitcoin [link] [comments]

New Prediction Says Bitcoin's Market Cap Will Overtake Gold's in 2028

New Prediction Says Bitcoin's Market Cap Will Overtake Gold's in 2028 submitted by eida2023 to btc [link] [comments]

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

submitted by Ranzware to BitNewsLive [link] [comments]

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap submitted by cryptolobe to cryptolobe [link] [comments]

Mike Novogratz Starts 2020 with a “Simpler” Prediction for Bitcoin. Novogratz commented that he thinks the world’s leading cryptocurrency by market cap will spike to $12,000 in the coming months

submitted by stevieyongieg to CryptoCurrencyTrading [link] [comments]

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
submitted by alexkordy to ico_cryptocurrency [link] [comments]

Tyler Winklevoss Predicts That Bitcoin Could Exceed The $7 Trillion Market Cap

Tyler Winklevoss Predicts That Bitcoin Could Exceed The $7 Trillion Market Cap submitted by brenton5 to CryptoMarkets [link] [comments]

New Prediction Says Bitcoin's Market Cap Will Overtake Gold's in 2028

New Prediction Says Bitcoin's Market Cap Will Overtake Gold's in 2028 submitted by eida2023 to NEWSBTC [link] [comments]

Bitcoin will Attain Market Cap of 1$ Trillion: Prediction by Willy Woo

Bitcoin will Attain Market Cap of 1$ Trillion: Prediction by Willy Woo submitted by affika to Tokenhell [link] [comments]

Satoshi Nakaboto: ‘Bitcoin halving prediction leads to $55K price, $1T market cap’

Satoshi Nakaboto: ‘Bitcoin halving prediction leads to $55K price, $1T market cap’ submitted by HardAzRockz to TopTechNews [link] [comments]

Satoshi Nakaboto: ‘Bitcoin halving prediction leads to $55K price, $1T market cap’

Satoshi Nakaboto: ‘Bitcoin halving prediction leads to $55K price, $1T market cap’ submitted by Ranzware to Ranzware [link] [comments]

Winklevoss Twins Predict Bitcoin’s Market Cap to Surpass Gold, Over $7 Trillion

Winklevoss Twins Predict Bitcoin’s Market Cap to Surpass Gold, Over $7 Trillion submitted by OkBTC to CryptoCurrency [link] [comments]

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.
submitted by ideaDash to KinFoundation [link] [comments]

Shocking Bitcoin Prediction: Craziest Scenario for $10 Trillion BTC Get Bitcoin Price In Real Time Using Python - YouTube Bitcoin pioneer predicts $1T BTC market cap by 2022 or ... Can Bitcoin Take All of Golds 7 Trillion $$$$ Market Cap? Bitcoin vs Gold Future Price Prediction of Bitcoin and Cryptocurrencies ...

Bitcoin is the number one crypto according to a market cap of $167,951,637,379 and a trading price of $9,110.46. There are currently 18,435,037 BTC in circulation out of a total of 21.000.000 BTC. $14,861,431,650 worth of Bitcoin has been traded in the last 24 hours. Bitcoin Price Prediction: Analysis. You deserve a better Internet. In the second week of June, Bitcoin traded at $9,300 -$9,400 ... The global crypto market cap is $396.24B, a 0.32% increase over the last day. Read more The total crypto market volume over the last 24 hours is $81.65B , which makes a -0.99% decrease. Bitcoin Price Prediction Summary. Bitcoin is said to be worth anywhere from $14,000 to $1,000,000 by industry experts such as Tom Lee, Vinny Lingham and John McAfee. Keep in mind that price predictions are guesses at best, and certainly shouldn’t be taken as financial advice. For more details on the various predictions keep on reading, here’s what I’ll cover: Tom Lee’s Bitcoin Price ... Bullish Prediction on Bitcoin Market Cap. According to a report published by Yassine Elmandjra, the director of research at Ark Invest, Bitcoins market cap could grow $1 – 5 trillion in the next five to ten years. As a result, investors should not ignore Bitcoin as an asset class. Ark Invest is well known for its overly optimistic prediction about the price of Tesla stock, a prediction that ... Market Cap Prediction Market Cap BTC, $ (CALCULATED BY TRADINGVIEW) CRYPTOCAP:BTC mooncatcherpro Everything is on the chart. If you have questions - write in the comments.

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Shocking Bitcoin Prediction: Craziest Scenario for $10 Trillion BTC

CRYPTOCURRENCY PRICE PREDICTIONS FOR 2022! 😱 Learn which Crypto is my number 1 Coin for $10 instead of $195 here: https://www.udemy.com/cryptocurrency-course... Get the current price of bitcoin. Article: https://medium.com/@randerson112358/get-bitcoin-price-in-real-time-using-python-98b7393b6152?source=your_stories_... Bitcoin, Chainlink (LINK) price analysis, prediction, technical analysis, news, targets and more. In todays we will be doing a market analysis on bitcoin dump. Bitcoin.. It All Comes Down (Up) To This! July 2020 Price Prediction & News Analysis It All Comes Down (Up) To This! July 2020 Price Prediction & News Analysis - Duration: 41:33. Bitcoin ( 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 Blockst...

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