Bitcoin Price Between Now And End Of 2017 - Results from my Algo
Hi there, I've developed an algorithm that is is heavily weighted towards increases in user adoption plus other metrics to try and calculate the future price of bitcoin.
This is something that I've been working off and on for for a while. Anyway I've been tweeking the algo a bit and analyzing historical data in greater depth than before.
My results are below (priced in GBP) please note due to the algo the numbers seem very precise/accurate. I would say that there is a +/-10% margin for error and this could be greater in the event of something totally blindsiding the bitcoin market. But I am am pretty confident with the figures and very, very confident with the general trend.
- 26/08/2017 - £3,623.79
- 02/09/2017 - £3,918.36
- 09/09/2017 - £4,220.28
- 16/09/2017 - £4,529.55
- 23/09/2017 - £4,846.17
- 30/09/2017 - £5,170.14
- 07/10/2017 - £5,501.45
- 14/10/2017 - £5,840.12
- 21/10/2017 - £6,186.14
- 28/10/2017 - £6,540.00
- 04/11/2017 - £7,365.93
- 11/11/2017 - £8,211.84
- 18/11/2017 - £9,077.73
- 25/11/2017 - £9,963.60
- 02/12/2017 - £10,869.45
- 09/12/2017 - £11,795.28
- 16/12/2017 - £12,741.09
- 23/12/2017 - £13,706.88
- 30/12/2017 - £14,700.00
As the year comes closer to the end, I'll keep on updating the data and hopefully 2018 will start on a fantastic note.
BTW Please do not use this as financial advice (more for reference), don't remortgage the house, sell a kidney or some other stupid shit over what I've posted here.
-WetWipe
wow. some bold predictions here!
Hi there,
I've made some slight adjustments to my algo and have compared it's predicted price to the real price over the past two year. We look like were a bit over priced at the minute or that their is a new source of bitcoin buyers that I am unaware of (central banks...lol)
Hopefully this weekend I'll get time to project the data forward and see what figures we get!