Bitcoin’s 2015 Fractal Predicts a Pre-Halvening Pump
On December 18, the Bitcoin price made a double bottom near $6400 and began an upward move that is still ongoing. This increased the possibility that this is the first stage of a new upward trend. A very similar movement occurred in 2015, after a correction that lasted for roughly two years. Interestingly, this movement transpired only a few months before the second halvening. The third halvening is projected to occur in May 2020, five months from now. Cryptocurrency analyst & trader @nebraskangooner stated that the Bitcoin price might be following a fractal from 2015. The fractal suggests that the price will initiate another drop towards the low $7000s, before beginning the gradual upward move that takes it above $9000 prior to halving. In summarize, the Bitcoin price is possibly following a fractal from 2014/2015, which suggests that the price is very close to reaching a bottom and a new upward trend will soon follow. The movement prior to the last halvening supports the creation of this fractal. Source
BETTING IS OFFICIALLY CLOSED! Click here for your data and analysis needs I'm offering a reward of $25, in BTC, out of my own pocket, without buy-in, without a betting pool, to the person who posts in this thread, correctly predicting the following:
The highest price per BTC in $ between 1st of August and 31st of December 2015
The lowest price per BTC in $ between 1st of August and 31st of December 2015
Whoever is closest to the real values will win. Both values have to be posted to be considered a valid prediction. Both values are weighted at 50% importance, meaning a bullseye for one and a complete miss for the other means somebody else will propably win. For reference I'll use the price of bitfinex. Betting closes midnight Sunday 19th to Monday 20th, GMT Eligible to win is everybody who meets the following criteria:
account is 4 weeks old or older at the time of this post
the post with the price prediction is not edited after Sunday, July 19 2015
The winner will be announced in the first week of January 2016. Everybody has 1 guess. If somebody should make multiple predictions, I will use the result furthest from the truth for evaluation. Place your bets, gentlemen! You've got nothing to lose! Use this link to be reminded of this post on 01-01-2016 via RemindMeBot If anybody wants to analyse any data from this thread (which I'm planning to do, too), please don't publish your results until betting closes, so it doesn't skew any votes. Thank you. UPDATE:imog is matching my reward, so the price for the winner is now at $50! UPDATE 2:YRuafraid matches the award, too, so the prize for the winner is now $75! UPDATE 3:azop offers a prize of 0.1 BTC to the 2nd place, so depending on what the price is doing until January, the 2nd prize might be bigger than the 1st :D
Hey guys, There were many thoughts expressed by Bitcoin experts about 2015 forecasts. But we'd like to hear the voice of community. What do you think will happen to Bitcoin in the upcoming year? Are you optimistic or pessimistic? What makes you think so? Please, speak out and upvote. We'd like to hear more opinions. Thanks!
AWARDS (I don't want to tip a possible inactive account, so you have to report here in order to claim your prize. If the prize does not get claimed in 7 days, I will contact the runner-ups one after another until I got rid of the money ;)) Ender985 , congratulations, get in here! You can choose tipbot or normal BTC-TX to recieve your prize. IronVape , azop promised a second prize of 0.1 BTC for the second place, so you have to report in as well. Also, paging imog and YRuafraid , both pledging to match my prize for $25 for first place, so the winner should recieve $75 if everybody honours their pledge! Method to determine the winner Highest price : $504 (bitfinex on Nov. 04) Lowest price : $211.98 (winkdex on Aug. 25, because bitfinex shit the bed that day) Formula to determine the winner, lowest score wins:
Thanks again to imog and YRuafraid for pledging to match my reward for 1st place, and to azop for his prize of 0.1 BTC to the 2nd place, and thanks to all the players, it was a suprisingly close call between the first three in the end.
Found a person claiming to be a time traveler accurately predicting today's Bitcoin market performance; from reddit four years ago. From 1000 in 2015 to 10000 in 2017. Including the Winklevoss Twins in the script. Scary don't know how he knows this stuff.
Lately I’ve noticed that one of the most trending searches in Google is the phrase “Bitcoin price 2015″. Of course who wouldn’t want to know ahead of time what would be the price, but what if I told you that this just might be possible. How to figure out the weight of an ox https://www.youtube.com/watch?feature=player_embedded&v=iOucwX7Z1HU Trust me, this is Bitcoin related. In 1906, eight hundred people participated in a public contest to guess the weight of an ox. The median guess which was 1207 pounds was accurate within 1% of the true weight (1198 pounds). This lead to something called “the wisdom of the crowd”. The basic concept means that a crowd of non experts can collectively reach an answer that is as good as, and sometimes better than what a single expert can produce. Proof that crowd wisdom actually works If it was perhaps hard to get a lot of people to answer a single question 100 years ago, today it’s much easier through the use of the Internet. If you want some real live examples for crowd wisdom you can just take a look at companies like Waze – which shows you the best route to take using inputs from other drivers or Wikipedia which gives us incredibly detailed and accurate information using the collective editing of “average” people like you and me. How crowd wisdom is related to Bitcoin ? First and foremost, the whole Bitcoin network is on big “crowd wisdom protocol” – where the crowd decides which transactions are valid or not. But to be more specific I want to create an experiment. I would like for you to try and guess what would be Bitcoin’s price 6 months from today – on March 21st, 2015. I don’t care if you’re a Bitcoin expert or that this is the first time you’ve ever heard of Bitcoin – just give it your best shot. All of the entries are anonymous and it doesn’t require anything to participate. Once you answer you will be able to see what other participants have entered as well. What’s your guess for Bitcoin’s price in 2015 ? Of course I’ll be sure to follow up on this and see if we were able to guess it even close to the actual price. Why not show the results before you guess Bitcoin’s price in 2015 ? Crowd wisdom has its limitation, the main one being that the group of people answering the question needs to be as diverse as possible – that’s why it doesn’t matter if you’re an expert or a newbie when you answer this. Another limitation is the fact that its best that participant have limited communication between one another as social influence can cause the answers to be wildly inaccurate. That’s why you are allowed to see the results only after you submit your answer.
I found this interesting, and thought I would share it with you guys. Although the result so far is quite different to what I predicted I have more faith in the wisdom of the crowd than I do my own personal bias.
My prediction, Bitcoin becomes a mainstay in 2015 and shuts up all the naysayers.
Price is not the definition of Bitcoin's worth and value in the world! It is a symbol of it's health, yes, but that doesn't mean it's price coming down means it's worth is coming down. Price is the outcome of supply and demand balance at any given point in time. There are many things that will affect this balance, but they don't affect the value. Things like negative press from uninformed sources regarded as reliable (Buffett). If you look at the problems that will eventually be solved by it, inexpensive banking for all, fair electronic transfer fees of money, safe banking (eventually), the value is obvious and will eventually be recognized by the masses. It's massive network effect in comparison to other copycrypt solutions will keep it at the forefront. Nations will follow with their own branding of Bitcoin like solutions, but they too will interface with the master cryptocoin. The price will steady and this will be good! The news is out, and people are watching. The eventual success,along with the business solutions being built now, will bring the necessary demand. The price will go up overtime with major blips of rises in price followed by steadying price. There is no ceiling, the scarcity will reveal itself with further cuts in supply.
[uncensored-r/Bitcoin] There was 2015(I think) Youtube video prediction, it showed a graph somewhat like this. Could you...
The following post by mihalcutzzz is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7ubyr8 The original post's content was as follows:
More Important Developments & Predictions For 2015. Bitcoin has now moved from the early adopters phase. We're now starting to see BIG money being raised for digital currency. For example, Coinbase just raised over $70M in the past week, and launched the first fully regulated, licensed, and insured trading exchange! This is the biggest news to hit Bitcoin since its inception. This year many ... 15 Bitcoin Predictions for 2015. Magnr. Follow. Jan 26, 2015 · 3 min read. In 2014 substantial merchant adoption was over-shadowed by lackluster price performance. Now experts tell us what to ... Bitcoin Predictions for 2015. Bapssugarcane. Follow. 5 years ago 10 views. Bitcoin Predictions for 2015. Report. Browse more videos. Playing next. 10:48. 2014 Predictions For The Stock Market, Bitcoin, And E-mini Futures. Laurena Chin ... My Bitcoin Predictions for 2015 Made at the end of 2014. Predicted wallets: ~ 20.38 Million wallets (hosted + desktop + mobile) Predicted daily transactions: 125,584; Predicted daily volume: 1,282,270 ; Bitcoin difficulty: Unknown; Predicted Bitcoin hash rate: 11,053,500,000 Gh/S; Actual 2015 statistics (December 2015) Estimated wallets: 17.4 Million wallets (hosted + desktop + mobile) note ... Bitcoin predictions for 2015. In our blog post 10 Reasons Why Bitcoin is the Future, Xapo’s Chief Strategy Officer Ted Rogers wrote that “it will take years for bitcoin to achieve its status as a global unit of account but, as it spreads across borders and becomes a de facto global currency, it will transition naturally into the standard unit for measuring value.”
2015 Bitcoin Price, Important Thoughts To Keep In Mind
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