I saw an interesting video from 2014, where we can see the mathematics, that can be used to forecast Bitcoin Price using undeniable axioms. Only paradigm shift can overwrite them. (none in the next foresee-able years, though you never know)
youtu.be/PXjisbTADe4
Did some calculations to verify the current price and to make 2 forecasts, one for end of this year and one for end of 2018.
Tried to take the 2 sample price from the middle of the range :
27/DEC/2011 $4
30/DEC/2015 $430
To see what the formula gives for today's predicted Bitcoin price :
Predicted price 31 July 2017 : $2734.47434
Not surprisingly the current price is $2717 on BitStamp. Pretty accurate, inni?
And the two forecasts :
Predicted Bitcoin price for 31 Dec 2017 : $4458
Predicted Bitcoin price for 31 Dec 2018 : $14310
If anyone interested in the exact background used to calculate the values, see the description under the youtube video, there is google doc with the equations used. Nothing rocket science, 14 yo can make it.
Anyway, Bitcoin is going to the moon, it is unstoppable.
Sometimes, especially in these times, its the basics of zooming out and looking at the big picture, that we need to be reminded of... thanks.