$14,635 in 1 year - BITCOIN PRICE

in bitcoin •  8 years ago  (edited)

The Reasons for Such a Price

Price is driven by people's beliefs

Let's first dissolve one strong BELIEF : BITCOIN PRICE IS EXPENSIVE.

1. WHAT'S THE NUMBER OF BTC UNIQUE ADDRESSES USED / DAY?

516,474

source https://blockchain.info/charts/n-unique-addresses

2. WHAT'S THE NUMBER OF CURRENT WALLETS?

15,000,000

source https://blockchain.info/it/charts/my-wallet-n-users

3. WHAT'S THE NUMBER OF CURRENT CIRCULATING BITCOIN UNITS ?

16,385,275

source https://blockchain.info/charts/total-bitcoins

4. WHAT'S THE NUMBER OF MAXIMUM BITCOIN UNITS ALLOWED?

21,000,000

https://coinmarketcap.com/currencies/bitcoin/

BITCOIN IS USED BY LESS THAN 1 million PEOPLE EVERYDAY

..... how does that sound to you ?

... not so much I suppose... but... let's continue...

BITCOIN PRICE ESTIMATION

It might be an hazardous purpose but there's a way to give an answer. Economy is governed by rules and the money flow is cyclic....

"Doubling Time"

What is it?

The doubling time is the period of time required for a quantity to double in size or value.

https://en.wikipedia.org/wiki/Doubling_time

THE FORMULA

which result is a doubling time of .... 159 days
... but what does this really mean ?
... all you have to do is some simple math and you can see...

3 months

>> $4,410.87 <<

6 months

>> $6,531.23 <<

1 year

>> $14,635.51 <<

18 months

>> $32,369.65 <<

2 years

>> $71,905.56 <<

the growth is exponential...

3 years

>> $352,022.11 <<

5 years

!!! $8,491,160.50 !!!

pretty amazing ... right ?

Math and statistics can help us to understand where will the price go....

For sure, nobody can predict the future... the future price can be lower or even higher... but you can look and obverse yourself data and events... don't sell if you don't have to... you might regret later!!!

"bitcoin is better than currency" - Bill Gates

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The Shocking Doomsday Maps...

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8 years ago by

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      ·  8 years ago 

    Sounds very optimistic ...though i tend to agree
    liked and resteemed

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      1 vote
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        ·  8 years ago 

      Just great article about bitcoin.It is more informative article.upvote ✌

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        1 vote
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          ·  8 years ago 

        thank you!! please RESTEEM

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          [-]
            ·  8 years ago 

          I think that BTC does not care about a math too much, he is rebel haha

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            1 vote
            [-]
              ·  8 years ago 

            oh it's rebel for sure!! but there's no bull that cannot be tricked!!

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              [-]
                ·  8 years ago (edited)

              in fact - the problem with Bitcoin price is that it is super-controlled because naturally the price tends to be higher everyday...

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                [-]
                  ·  8 years ago 

                Come on ... just go up)

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                  [-]
                    ·  8 years ago (edited)

                  ... oh Bitcoin!! just go up!! ...but... I am afraid your opinion is not clear.

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                    1 vote
                    [-]
                      ·  8 years ago 

                    I'm sorry. This is the difficulty of translation. I myself can not make such a calculation) but it looks interesting for the growth of the rate upwards)

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                      [-]
                        ·  8 years ago 

                      Nice to see you like the article!! I would appreciate RESTEEM. Thank you

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                        [-]
                          ·  8 years ago (edited)

                        Thank you for upvote!!
                        If you like the article please take a moment to >> RESTEEM <<

                        Thank you @taica @dennisschroeder @freshstuff @wattacut @raymonjohnstone @ihsan19 @inarix03 @hafray

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