The difficulty drop coming with the next block (about -15%) is the second biggest, bitcoin has ever seen. The biggest was 2011/10/31 (-18%), after which the price doubled within two months. 15 months later price found itself 20-folded.

The difficulty drop coming with the next block (about -15%) is the second biggest, bitcoin has ever seen. The biggest was 2011/10/31 (-18%), after which the price doubled within two months. 15 months later price found itself 20-folded. submitted by /u/castorfromtheva
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Bitcoin – The Currency of the Internet

BTC price should close at $5000 within next two days

I am a long term investor, who developed a price predictor model couple of years back. I stopped using it during the 2017 rally (because just buy, right?). Last couple of days made me pull it up again. I backtested my logic on BTC price since 2011. Results seem to show high level of accuracy. So posting this prediction on reddit just to claim bragging rights, I guess. I will share the model if this prediction is correct. I also bought 1 BTC just now.

I know there are smarter people than me who can probably do a better job predicting prices. I am not indicating that bear market is over, just that next couple of days should be good. Exact price close should be around $ 5118.

submitted by /u/nolaughingzone
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Bitcoin – The Currency of the Internet

If the USD continues to expand at its current decade-long pace there will be more US cents than Satoshis within the next ten years.

Currently there are about $ 0.008 of US M2 money stock per Sat (~$ 14,000,000,000,000 / 1,700,000,000,000,000 Sats)

If the US M2 stock continues to expand at around 6%/yr like it has for the past decade we should achieve 1 US cent per Sat within the next ten years, with my current estimate falling just before the halvening-after-next that occurs in 2025/2026.

Current monetary inflation rates for each are USD ~6% / Sats ~4%.

Here is a chart of US M2 money stock growth since 1980, provided by the Federal Reserve Bank of St. Louis.

https://fred.stlouisfed.org/series/M2

submitted by /u/gta3uzi
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Bitcoin – The Currency of the Internet

Let Bitcoin trade remain within banking system, it can be tracked: Ajeet Khurana

After having understood the risk, if I want to buy Bitcoin, should anybody be able to tell me that I cannot do that as it is dangerous for my neighbours if I have it? At the level of purchasing or possessing, I do not see India as one of those very underdeveloped countries in the world which are banning …
Google Alert – bitcoin

Bitcoin Will Be the World's Sole Currency Within 10 Years – Dorsey

In a recent interview with The Times, the chief executive officer and chairman of payment platform Square, Inc., (and CEO of Twitter) Jack Dorsey predicted that Bitcoin (BTC) has a real shot at replacing the mighty dollar and become the single global currency of the internet in the near future. “The world …
Google Alert – bitcoin