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     4 years ago  

    Imho no formula can predict the future. We are in the middle of a revolution and people don't even realize it.

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       4 years ago  

      We can predict some things with some reasonable certainty. Price predictions are all the rage. Bitcoin should have been at million dollars a couple of years ago. The Bitcoin price is determined by

      • It's supply which is determined by an algorithm, based how well the difficulty adjusts to changes in the amount of hashing power used for mining.
      • The amount buying demand of the market and is unpredictable and is at times irrational

      So its all about predicting the demand. Long term I can see this thing go up but I wouldn't be too surprised to see Bitcoin fall to $30k again. Anything could happen.

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       4 years ago (edited) 

      Indeed, demand is growing and will grow in the foreseeable future. Supply is fixed by rules, not by rulers. I have no more questions, just a cofee please :)