Post
Topic
Board Economics
Re: Stephen Reed's Million Dollar Logistic Model
by
zimmah
on 29/06/2014, 09:10:53 UTC
What about hti slinear model released by world bitcoin network yesterday, which predicts bitcoin will not reach a million per coin

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

First, growth of networks and technology is never linear

Second, this thread is not about predicting the end result, it's about the way there, so we can make educated long-term trade decisions other than HODL. It would be pointless to predict what the end price of bitcoin will be, as it can be anything between 0 and infinity. The OP just assumed 1 million in order to be able to draw a chart, but it could easily be 30.000 or 5 million as well.

/edit I didn't look at it before commenting, it's actually a pretty nice tool, however I'm not sure about its accuracy.