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Bitcoin price prediction in 2020 Jan 1 & 2030 Jan 1

So I just finished watching a lecture from vikash dasgupta and so I read up a bit about him. Turns out his predictions since the 90’s have been about 80% accurate which is incredibly high for anyone who make predictions about anything. When vikash dasgupta is asked why he is so accurate he says its because information technologies usually follow a very predictable doubling and that’s how he makes his predictions. Some things double every couple of years while other technologies double every 6 months, but in any case it’s predictable after a little while of observation. So I thought I would apply his thinking to bitcoin.

2010, Jan 1 – $0.31 = BTC 1

2013, Jan 1 – $13 = BTC 1

2015, Jan 1 – $300 = BTC 1

Under this model the price doubles roughly every 5 months if you were to smooth out all the crazy price swings. However I am taking a slightly more “conservative” approach in this prediction and say it will only double every 6 months. The prediction:

2017, Jan 1 – $4800 = BTC 1

2020, Jan 1 – $307,200 = BTC 1

2030, Jan 1 THE MOON! – $322,122,547,200 = BTC 1

Obviously this is impossible for it to reach hundreds of billions. Even 307,200 seems very absurd but it’s fun to dream anyways.

BITCOIN IN INDIA

BITCOIN IN INDIA

How to buy bitcoin in india?

There is so many websites for buy Bitcoin in India, You can Buy Bitcoin anyone of that, Here We gave some websites for buy bitcoin in India

Zebpay

Zebpay is a Bitcoin platform and broker based in India. It has Android and iPhone apps that make it easy to buy bitcoins with a connected Indian bank account.

Coinsecure

Coinsecure is an Indian Bitcoin exchange and trading platform. It offers very low fees at just 0.3% per buy and a number of deposit options; including NEFT, RTGS, IMPS and cash deposit.

Coinmama

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.

If buying less than $150 worth of bitcoins, you won’t need to verify your identity. This convenience makes small purchases quick and easy.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

LocalBitcoins

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

Bitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

VirWoX

Technically, VirWoX isn’t even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can’t buy Bitcoin with PayPal directly at VirWoX, but it’s possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.

This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.

Mycelium Local Trader

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

ShapeShift

ShapeShift lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. ShapeShift works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because ShapeShift never actually controls your tokens but just exchanges them.

bitcoin-otc

Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.

 

Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets
– Wikipedia

Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.

As of September 2017, over a thousand cryptocurrency specifications exist; most are similar to and derived from the first fully implemented decentralized cryptocurrency, bitcoin. Within cryptocurrency systems the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners: members of the general public using their computers to help validate and timestamp transactions adding them to the ledger in accordance with a particular timestamping scheme. Miners have a financial incentive to maintain the security of a cryptocurrency ledger.

Most cryptocurrencies are designed to gradually decrease production of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation, mimicking precious metals. Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies can be more difficult for seizure by law enforcement. This difficulty is derived from leveraging cryptographic technologies. A primary example of this new challenge for law enforcement comes from the Silk Road case, where Ulbricht’s bitcoin stash “was held separately and … encrypted.” Cryptocurrencies such as bitcoin are pseudonymous, though additions such as Zerocoin have been suggested, which would allow for true anonymity.

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