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11-28 13:13 - 'Just like the laws of physics are not granted in the future. Possibly but highly unlikely ;) - to the point where it's more likely to successfully mine for private keys with coins on them with your pocket calculator or win the...' by /u/etmetm removed from /r/Bitcoin within 100-110min
''' Just like the laws of physics are not granted in the future. Possibly but highly unlikely ;) - to the point where it's more likely to successfully mine for private keys with coins on them with your pocket calculator or win the jackpot of the lottery... ''' Context Link Go1dfish undelete link unreddit undelete link Author: etmetm
03-04 17:15 - 'Ethereum would like a word. / The fact that you so easily calculated the growth rate with a back of a napkin calculation is why it isn’t a problem. / Storage is cheap and you can predict its size well into the future. Stop be...' by /u/kornpow removed from /r/Bitcoin within 201-211min
''' Ethereum would like a word. The fact that you so easily calculated the growth rate with a back of a napkin calculation is why it isn’t a problem. Storage is cheap and you can predict its size well into the future. Stop being so concerned about this. ''' Context Link Go1dfish undelete link unreddit undelete link Author: kornpow
Bitcoin Difficulty Ribbon Calculation For Future Price Prediction
We may notice that the second 2-year cycle (6500%) is at 38% of the first 2-year cycle (16982%). Therefore if this pattern continues, we might see another parabolic increase which could again be expressed as 38% of the last cycle, which would translate into 2470%. escalation. If we choose variable x to be 3933 dollars and we know it will experience shift in price by whopping 2470%, then that means that the price could potentially reach… Well, you do the math :) https://preview.redd.it/916edpwtz4n31.png?width=768&format=png&auto=webp&s=d34dc8a04ac9528bafbd7444b68cd66910db7a93
CME Group To Offer “Options” On Bitcoin Futures in Early 2020. Further, the CME CF Bitcoin Reference Rate ( BRR) will be calculated on a daily trading volume of major Bitcoin exchanges and trading platforms.
Does it even make sense to calculate bitcoins future potential using gold's market cap? Is there really a $1,000,000 moon?
Ok, so, I was doing my usual daydreaming. When suddenly I realized something. We're pretty US-centric when we talk about bitcoin's value. Mainly in USD, but isn't the closer truth that it will be bits of the entire worlds economy buying into bitcoin? One figure I found on google was that the total amount of wealth in circulation on Earth was about $270 Trillion USD. So that figure: Bitcoin market cap of 21 Trillion dollars = 1 million dollar bitcoins. Doesn't. Seem. As. Crazy? I still don't think that we'll see the full potential of crypto unleashed until we start doing things like asteroid mining. Big - big - projects where it just doesn't make sense to use "dollars" to figure it. Until then though we have - entire economies - that are NOT built on gold buying into Bitcoin, and strengthening its demand. Is there any reason to actually hope that bitcoin can surpass gold's value? We all know diamonds are near worthless. We all know that gold is better used for electronic applications than as a currency. How long till this all breaks down and we move on? Is there really a $1,000,000 moon?
What's the easiest way to calculate future profits with the bitcoins etc?
Is there a website that you can enter some deets into and see what your coins will do in the future if they hit a set amount etc? It would be helpful to see what you could make etc on different coins. Not sure if I explained that very well, but I'm sure some of you gifted hoomans will know what I want.
Back of the envelope calculations for future values of bitcoin
I was curious about what the value of bitcoin could be, and thought I'd post my findings here. This is in no way a prediction nor do I have any sense of timeline. This was simply number crunching for fun. First I wanted to simply take world wealth and divide by bitcoin supply. This method has numerous oversight, but stands as a good starting point. According to this wikipedia article, the world wealth is 240.8 trillion USD. The total supply of bitcoin will never exceed 21 million, so divide the wealth by supply of bitcoin and we get a price of ~$11,500,000. This means the price of Tesla's new roadster would be 0.0218 bitcoin. That number assumes that all wealth in the entire world would be in bitcoin, which is of course not going to happen, but it does provide an upper limit. It also assumes that if everyone in the world moved their wealth to cryptocurrency, it would all be in bitcoin. I'm going to make an assumption here that bitcoin will be how wealth is stored in the future, and litecoin be how it is spent. This means everyone's first $10,000 of wealth is in litecoin, and only wealth above that is in bitcoin. That reduces the wealth represented by bitcoin from 240.8 trillion USD to 222 trillion USD. I'm also removing the 65 trillion USD that is the market cap of the 20 major stock exchanges, as that wealth would still be represented by stock. That brings the total wealth being put into bitcoin to 157 trillion USD. This makes the price of bitcoin ~$7,500,000 and the price of the Tesla roadster 0.03344 bitcoin. Final reduction is that maybe the whole world won't transition to bitcoin. Already China is trying to fight it, and as they represent 15% of the world GDP, I'll estimate that could be 15% of the wealth not represented by bitcoin. Below is a list of different adoption rates and corresponding values of bitcoin.
100% | ~$7,500,000 | 0.03344 bitcoin for roadster
85% | ~$6,375,000 | 0.03922 bitcoin for roadster
50% | ~$3,750,000 | 0.06667 bitcoin for roadster
20% | ~$1,500,000 | 0.16667 bitcoin for roadster
Final point, if these assumptions are all correct (they aren't) then the current percentage of adoption is only about 0.1% TL;DR The Moon is 11 million and if you own bitcoin you're part of the 0.1%
Enter future bitcoin price $ = $0.0. Clear. Hey guys, we’ve created this simple Bitcoin Investment Calculator for those of you who are having a hard time figuring out how much you would earn if you bought some Bitcoin NOW and sold them when the price is higher. We hope it will be useful and we would appreciate it if you share this post! — The BitGiftShop Team . SUPPORT THE PROJECT ... The bitcoin return calculator uses data from BitFinex and Bitcoinity. Wherever the Bitcoinity data includes multiple exchanges, we used the average daily bitcoin price on all exchanges. For the three gaps in the dataset – 6/21/2011 - 6/22/2011, 6/24/2011 - 6/25/2011, and 6/27/2011 - 7/04/2011 – we interpolated the available data to backfill bitcoin prices on those dates. If there is both ... Bitcoin Future is permitted to revise these Terms at any time as it sees fit, and by using this Website you are expected to review these Terms on a regular basis. Assignment. The Bitcoin Future is allowed to assign, transfer, and subcontract its rights and/or obligations under these Terms without any notification. However, you are not allowed ... Bitcoin Savings Calculator Savings Plan. What if I saved $ as bitcoin every starting on , ? Calculate. Results. I would have 841.9078 bitcoin worth $11,051,770.27 today. Date: Spent So Far: Amount of Bitcoin I Own: Value of My Savings: October 24, 2020 ... This is a do it yourself calculator for seeing the fair value of a given bitcoin futures contract. See this post about futures prices and why they tend to be in premium to index/spot to get some background. The gist is that you can replicate the future value of a bitcoin by borrowing USD and investing in BTC. If you get an unsecured loan for US dollars which you then use to buy bitcoin and ...
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