Bitcoin: A Four Year Study of Price History and a Prediction of Future Price

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Based on the charts, it looks like bitcoin could reach ,000 to ,000 by early October 2015
I will tell you my reasoning in this video
It is obvious that there is price manipulation going on, also

http://bitcoincharts.com/charts/bitstampUSD#rg1460zigDailyztgSzbgBzm1g10zm2g25zpszl

11 COMMENTS

  1. BITCOIN is analized by financial expert WEDBUSH. Google them! They say in 12 months BITCOIN will cost

    400 BUCKS!! They calculated future cost of 1 bitcoin – according to TRANSACTIONS VOLUME it can support. WEDBUSH says bitcoin could support more then $700.000.000.000 onlinetransactions. BITCOIN HAS A LIMITED SUPPLY. Divide $700.000.000.000 by 14.000.000 of all Bitcoins in circulation = and you will understand value of ONE bitcoin surpassing 40 000 dollars. TODAY BITCOIN COSTS LESS then 300 BUCKS !!!!

    WEDBUSH says there is 0.02% possibility that 1 bitcoin will cost 1.000.000 $

    How many bitcoins do YOU have ????

  2. I generate a Wallet whilst offline, then print it out and hide securely (several copies). This way the secret code has never been online. I use several small wallets so I can sell, or use without exposing my entire holdings. Hopefully as BTC goes mainstream, there will be more user friendly options.

  3. you have to be very careful where you put your bitcoins, an exchange is very risky as it is not really your wallet!  would you keep your cash in a stranger's wallet?  Use the armory wallet and hold your bitcoins yourself with the power of cryptography.  If you don't the people who steal your bitcoin will!

  4. use armory to make your wallet on a dedicated offline laptop or PC.  Then make a watching only wallet and transfer it via USB memory card to your online computer.  Watching only means you can see your balance but you cannot spend from it, only receive.  to spend your bitcoin make an unsigned transaction (like an unsigned check) transfer the unsigned transaction via USB to your offline computer and sign it with your offline computer then transfer the signed transaction back to your online wallet and broadcast it onto the bitcoin network.  Done.  using it this way your bitcoins are untouchable by any power on earth.  They would have to torture you to get your money.  Learn all you can about the armory wallet and start being your own bank.  Good luck!

  5. When the shit hits the fan what will be worth more – A Chicken or a silver fork?  I ask this because friends and I have had this discussion for 30 years now – and of course the answer to that question is "It depends" on how bad it gets and over the past 30 years the conclusion is – it will get Very Very bad.  With that said and if we believe that there will be no electricity, no way to pump gas let alone fire up a cell phone or Ipad or PC how do you plan on getting your $ out of Bitcom?

  6. Based on the charts, it looks like bitcoin could reach $4,000 to $5,000 by early October 2015
    I will tell you my reasoning in this video
    It is obvious that there is price manipulation going on, also

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