Can Bitcoin Help Predict the Future?

Can Bitcoin Help Predict the Future?

Fancy taking a bet on bitcoin? Prediction markets are offering people the chance to wager on the virtual currency's fortunes, among other things - and you can even use your bitcoins to do it. Prediction markets rely on the wisdom of the crowd, the theory being that people can predict things better when in groups. Although this doesn't work in some cases (just ask all those who bought real estate during the bubble), proponents say that it has merit, nonetheless. How prediction markets work. In a typical prediction market, users make a bet, in some form or another. On Fairlay, for example, a....

Related News’s Christian Ander: The best way to predict the future is to build it

CoinTelegraph: You’ve said before that it’s harder to get people in countries where they feel financially comfortable to adopt cryptocurrencies. What do you tell people in Sweden to get them interested in cryptocurrencies? Christian Ander: My strategy nowadays is not to tell people how awesome Bitcoin really is, but to show them. People almost jump when they see how fast our point-of-sale solution is with Bitcoin. Usually, the transaction takes less than half a second. CA: Sure, for me the holistic view is to include what is and also the mindset of people. I also point out that no one....

Can Elliott Waves Really Predict the Price of Bitcoin?

Elliott Waves are a popular yet controversial technical analysis indicator. This post will explore the relevance of Elliott Waves for bitcoin trends. Elliott Waves are a technical analysis indicator to predict future price trends. The principles of Elliott Waves are founded on the belief that markets follow predictable sequences of optimism and pessimism. The sequence of a bull market follows the below pattern. A bear market follows an exact opposite sequence. To learn how to apply Elliott Waves,watch this tutorial by DanV, a very popular Trading View bitcoin chartist.

What can bitcoin learn from the failure of 'global' language Esperanto?

It's said that making economic policy is like trying to steer a car looking only in the rear-view mirror. Unsurprisingly, this can lead to some pretty spectacular crashes. It's this trickiness of trying to predict the future relying on not-strictly-comparable historical precedents that makes economic forecasting such an inexact science. But if it's difficult to predict how the market's going to behave with stacks of historical data to help, how much harder is it when there's no precedent at all? That's the situation that faced investors during the dotcom boom in the late nineties and is....

Tim Draper’s 2018 Bitcoin Price Prediction Still Unlikely Two Years Later

In 2014, one of the more infamous Bitcoin VC’s, Tim Draper, predicted that the price per Bitcoin will hit $10,000 USD by 2018. We decided to revisit this prediction to see if it looks any more realistic two years in. Throughout the years, various experts have tried to predict the Bitcoin price, and most of them have failed miserably. Unlike other financial assets, Bitcoin is traded on the free market, which is exposed to many different influences. This makes it all but impossible for anyone to correctly predict the price at any given time.

Bitcoin: When There's No Way to Predict What Will Happen Next

Bitcoin is currently hovering at around $220. Recently, the question was asked whether or not a recent drop to $215 was the lowest we'll see. Many of us would certainly like to believe so, but if there is anything that bitcoin has taught us, it's that we can never be too sure, and more than anything we should never get too comfortable as it's nearly impossible to predict specifically what's going to happen next. The massive price drops over the last several weeks have continued to affect a great number of enthusiasts, and right when we all thought that things couldn't get any worse, they....


If you look back in history in terms of financial bubbles, they always end. It's going to be a very rough ride for guys that invest in Bitcoin for speculative purposes.

Alistair Cotton, Senior analyst with Currencies Direct