BTC Halvnig: statistical price analysis - 150 000 USD?New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower. In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.
Bitcoin currency is because of halving deflating. Normaly when the need for money is bigger banks print more money: because of that inflation of currency can happen. That means the money isnt worth anything. Currency prices skyrocket by the hour. This has happened many times in course of human history. Bitcoin on the other hand has limited supply and every halving means that the price of 1 bitcoin has to increase to cover the cost of mining. Many times has been said that after the halving nothing will happen or miners will stop to mine Bitcoin, that just didnt happen.
I got inspiration for this analysis from a youtube video published in 2015 before the halving of 2016. Man in the video has predicted that the price of BTC will skyrocket after the halving because it has happen before. At the time he was would be probably proclaimed to be insane, but still here we are in year 2019 and the price is 5000 dollars. If you want to see this video which is fascinating on the fact he was right you can acces it here: www.youtube.com
In my statistical analysis I covered how much has the price changed in the folowing years. I took a measurement of 3000% increase after halving and tried to implement it in today price. On first graph i covered price from the first halving on BTC until 3000% increase.
On my second graph u can see that 3000% increase in price also happened but it took BTC more time.
Third graph shows the halving that will happen on 21.05.2020. I took base price range for today BTC price. Until 21.05.2020 price will surely change.
I simply added 3000% increase in price of today and got a price 150 000 USD.
Assuming that the price will change until 21.05.2020, and it would be 20 000 USD which I think it could be, then 3000% increase would be = 600 000 USD. Crazy right :D
Future
CELLECTIS LONG TERM BUYHi Guys
Following my ideas redarding #cellectis. A promising french biotech company that already celebrates hugh success with "their" ucart19 against leukemia. Check out my thoughts and join the conversatioin.
TA:
- Double bottom which is normally an indicator for a reversal.
- higher high and higher low
- Oversold Stoch RSI (4hr)
- Rising MACD
Fundamentals:
- CASH POSITION OF $ 452M AS OF DECEMBER 31, 2018 COMPARED TO $ 297M AS OF DECEMBER 31, 2017
- CELLECTIS, THROUGH ITS NEW SUBSIDIARY CELLECTIS BIOLOGICS, INC., ENTERED INTO A LEASE AGREEMENT TO BUILD A MANUFACTURING FACILITY IN NORTH CAROLINA, ADVANCING COMMERCIALIZATION CAPABILITIES FOR ITS UCART PORTFOLIO
- UCART123 IN PHASE 1 DOSE ESCALATION CLINICAL TRIAL ONGOING FOR AML
- UCART22 RECEIVED FDA AND IRB APPROVALS FOR PHASE 1 DOSE ESCALATION CLINICAL TRIAL IN B-ALL PATIENTS
- UCART19 ASH ABSTRACT BY PARTNERS SERVIER AND ALLOGENE SHOWED CONTINUED PROGRESS OF FIRST CLINICAL ALLOGENEIC CAR T-CELL PROGRAM FOR ALL ADULT AND PEDIATRIC PATIENTS. MILESTONES PAYMENT CONTRACT WITH PFIZER AND SERVIER UPCOMING
CHECK OUT ALSO THIS AMAZING STORY. WE'RE ABOUT TO CHANCE THE FUTURE BUT ITS A LONG WAY TO GO
google: layla cellectis
TSLA Elliott Wave: Incoming Correction, But Long-Term BullishHi Folks, here is a basic Elliott wave of Tesla's rise over the last five years. This is a nice, healthy, and evenly distributed 1-3-5 pattern, and we are currently in the ABC (or ABCDE) corrective wave. Basic structure resistance in the low 200's could be a great buy opportunity for your long-term portfolio to hold and appreciate over the next several years, but watch out for the continuation of the corrective wave over the next 6 months. For all the Musk haters, and people who say TSLA is going the way of the Dodo, that's just foolish. Musk always finds a way to get the job done and surprise critics and doubters. Institutional resistance to change in the traditional automotive market is predictably persistent. It takes decades for technological change to take root and overthrow an entire industry, there are countless historical examples of this, but just remember that 100 years ago or less, petroluem-fueled automobiles were NEW and available only to high society, UNTIL FORD came along and revolutionized mass-production. Still, it took several DECADES for the two-car household to emerge. Are there corollaries in the 20th century that can be applied to the future of this century? Hmmmm.. food for thought.
Goodbye Bitcoin. DUMP!
Bitcoin long term analysis.
Bitcoin situation in weekly chart is not good. According to what I saw in last months with my new analyzing method in ALL time frames, Bitcoin has a dangerous situation.
If Bitcoin fails to break $4100 (Coinbase) resistance and stabilize there (in weekly chart), unfortunately, I think we will kiss $1900 support soon.
BUT if we meet $1900 (more than %90 crush from ATH) then we have a REALLY nice buying chance with X2.3 target!
This is what we know: if we can't break the $4100 then we reach $1900 easily and then we fly to $6300 (%230 profit). After $6300 we need a deep retrace because $6000 zone is a strong resistance.
That's all, good luck
Bitcoin Long Term Prediction >>SHRSD<<Hi,
I have been thinking about the Future of bitcoin and where it might land.
I believe in order for bitcoin to rise again, it must be forgotten. In the next run bitcoin Cannot Exceed price of $400,000/BTC fundumenltally, at least thats my opinion.
Bitcoin Shall see its bottom at $1200 for a while (can last a year even) then it can rise back to its glory days.
Long term Bullish Analysis Target Will Hit 2020 to 2022 Gud Lucki am looking long term bullish move in Bitcoin with target of 20000$ and 45000$ according my study its complete his corrective phase now ready for long best buying Range is 3000-2500$ area with target of 45000$ in coming few years i am looking Btc above 200000$ because its future coin This char is specially for Crypto Holder and Lovers Good Luck
It had to be: The INSANE ULTRA LONGTERM BTC chart !!!!This is half fun, half serious. For all of you that plan to live 100+ years like myself (watch Aubrey de Greys theories on life extension and longevity!), this chart is a serious thing to consider, when planning your future home on Mars. Those tickets with SpaceX's spaceship won't be cheap!!!
Also, those life extenstion therapies also won't be cheap. So we carefully have to plan this stuff, hehe. Fortunately, BTC kinda tells us, where this might be going (still half serious).
If we'd extrapolate the current behaviour into the very far future, and look at other Type 1 technologies (in as technologies of an emerging Type 1 civilization such as us, the internet being another example), we can assume that bitcoins growth will take decades until it reaches saturation.
The internet started in 1969 with a network of 4 computers. Yes. 4! It took the internet 7 years to grow to 100 hosts. In 1989, it reached 100k, but still a lot more room to grow. Tim Berners Lee then invented the WWW at CERN. It went public in 1993, reaching 1 million hosts. 2 years later already 10 million.
And now, in 2018 it seems that we finally reach saturation at around 1 billion web hosts.
Here is the chart for internet host growth:
upload.wikimedia.org
So it took the internet almost 50 years from zero to saturation.
If we assume that bitcoin, as a decentralized network, shares many similarities with the internet, it is not crazy to assume that bitcoin will also reach saturation 50 years after its creation, so around 2058.
Thus, translating that to bitcoin price, saturation may lie in the very very far future, at 5-6 million USD, according to the current price trend.
Such longterm charts are of course crazy, because so much can happen between now and the very far future, it is funny and entertaining however nonetheless to speculate about such things.
I for one tend to cash out a few coins around 2050, for my trip to mars. It will be an awesome time there, Elon's also gonna be there, we'll have some insane parties at 1/3 earth gravity.
Don't take this chart too seriously :)
But still, who knows? A lot of crazy stuff happened in the past, from first flight in 1903, to first man on the moon in 1969. That was freaking crazy, wasn't it? So why should this be impossible :)
Bitcoin price future pattern and predictionThe price of the Bitcoin in the future can be easily predicted by reviewing it's previous price pattern (after it jumped 2000$ and accumulated the mass people attention).
It won't reverse its gradual descending before hitting the 2000$-1500$.
It won't stop before it completes the cone side line.
In all the green candles, the price wasn't recovering, it was just resisting and fighting back, or simply bouncing. And then it continues its descending.
This behavior will continue till at least the mid of 2019.
Thank you for reading, and appreciate your comments and inputs.
Dotcom bubble vs Canna bubble, Amazon vs Aurora, eye opening
I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity.
I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at the numbers they forcast for their revenue Q2 2019 of 50 Mill. with a marketcap of 5 Bill. USD oh my, then you should absolutely keep a close eye on Aurora.
In the future of pot I see them big but for now the investors will suffer some more pain and we might see the 2.50 again.
I will acumulate on their way down and hold them for a long. Decline will probably keep going until mid 2019
Just my opinion so make your own resarch and like always
May the markets be with you
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Thanks for your support
No Bias. The Future of Bitcoin.The "market cycle bubble" drawing exists for a reason.
Would you long this, or short this?
Flip your chart upside down
Study the log
Find despair and return to the mean
Be honest with yourself
Capitulation is when everybody is jumping offboard, even you. Yes you, mr. trading genius.
be ready for under $1000 when it inevitably happens.