Bitcoin Price Prediction Using Logarithmic Regression
Check out the original video from November 2019:
I think it is time for an update! Can we use Bitcoin logarithmic regression to dubiously speculate on the future market cycle peak of Bitcoin? Can we use prior ratios to predict types of returns? In this video, we discuss a potential peak for Bitcoin based on all sorts of prior data. I try to give reasons for why I think certain things are likely/unlikely to play out, and then also challenge that way of thinking. Where do you think the price of Bitcoin is headed? Let me know in the comments!
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Disclaimer: The information presented within this video is NOT financial advice.
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You are so wrong.
Time for another update?
Wrong
This video is scary to watch right now
Words can't explain, at least not in our current awareness & abilities, how grateful we are to you for this video! Blessings dear man!
You so rock 'n' Roll Ben even if your emotions don't show it. It's so obvious to us that you get it & this just resonates with us soooooo much! Thankyou so much for all your insights, your Conservative attitude you integrity, transparency & willingness to reflect, question & explain your shifting of opinions & growth. Your energies teach our littlelons so much that the adult one's in us can't reach & eternally grateful for this. Blessings to you dear man & a very merry Christmas to you & your family. Namaste xx
I think this is the best tecnical prediction there could be for bitcoin price. Great supporting stats..142k looks the most likely bitcoin high this cycle by Jan/Feb.22. Can you also make such video on Eth?
Love this!
does this analysis for eth exist somewhere?
Can you do the same for Cardano?
this is some really great analysis, but if u factor the adoption curve, inflation, and you understand relativity, diminishing returns are true in real terms, not in the relative fiat terms. this cycle may make you doubt the validity of the law of diminishing returns. but it is indeed true, you just need a real term denominator.
Virgin soyboys came for the price forecast. Gigachads came for the maths and analysis
What if we don't have a market cycle top? Could we just keep having a series of April-like tops that are not market cycle tops?? I've been in since 2017 and I didn't see this kind of adoption that's spread out across more spaces like non-fungible tokens and Defi. We are far more mainstream now than we were before so what if this is the threshold from cycle to steady adoption?
Ah this guy again. When ben's face shows up on my youtube feed, i know crypto is waking up and im about to make some money
15:15 yeah, plan b says 135k in dec…he could be off by 1% to 5% though
plan b says march 2022…
19:09 the crypto winters also seem to last longer though
if you got $.05 every time Benjamin said the phrase "market cycle peak" you'd be rich😆
The trouble with bitcoin is it's limited in growth potential because of it's energy wastage. It's carbon footprint doesn't float any boats for fund managers and it's more of a hobby coin. Solona, ADA, Cosmos etc… they have far greater possibilities and are offer smart contracts.
Hey Ben, it seems you have a little mistake at your price goal. You should add to it another 100% since 724% is just the increase itself. So you should add another 19,499 to the 141,173 (which represents the increase alone) which turns it into 160,672$.
the guy is so bullish on Bitcoin he sold all of his furniture to buy more btc
I sincerely hope most Bitcoin holders have gotten the memo and sold most or all of their holdings. It seems abundantly obvious (forget technical analysis, etc., for a moment) what has happened. As BTC approached the 65K level earlier this year, the pool of retail speculators dried up- there simply weren't more traders willing to invest in a 100% virtual speculation game, so the price stalled at that level. Then the cycle began, where the whales come in at about 45K and sell at about 60K. Very obvious. There's a very small chance BTC will exceed 65K, and a far greater probability it will see 20K levels over the next 6 months. Good luck all.
Skip to 4:20 to get right to the analysis.
I dont understand what the hell is halving
I think this is all very interesting and no doubt is of heuristic value but I can't help feeling it's a bit like reading tea leaves. On the other if my father was a woman he would be my mother. Saying that, I'm more likely to listen to people such as Benjamin than try and predict for myself.
Honestly I hope it crashes sooner rather than later because that means the floor will be lower and be a cheaper accumulation phase
Hello Benjamin, thanks a lot for the analysis. One thing : if 724% represents the increase it means that your estamation is 160,672$ for the top (724/100*19,499 + 19,499).
Simple:
1) buy when it's down -80%
2) never sell
Ben; as you are seeing the subsequent peaks lengthen in terms of time, why not apply a logarithm to the x-axis? importantly adding an offset so that the distance between years is constant? the log scale then on the x-axis would inform when the peak might occur independent of what the value may be.