<p>Predicting the price of a product that lacks intrinsic value is difficult.  Typically the price reflects demand; if supply is thin and demand high, the price goes up.  Once demand dries up, the price falls; typically precipitously.</p>

<p>So, the question might be, how do you predict future demand for <a href="https://en.wikipedia.org/wiki/Tulip_mania" rel="nofollow noreferrer">Tulips</a>?  </p>

<p><a href="http://www.psychonomics.com/research/a&amp;s/specbubb.htm" rel="nofollow noreferrer">This page</a> has an interesting backgrounder on the phenomenon.</p>

<p>There are many scientific methods for predicting price based on the current price, including stochastics via Markov chains, Bollinger bands, Kaufman Adaptive Moving Averages, etc, etc.</p>

CC BY-SA 3.0
2017-11-27T14:15:43.560Z
2017-11-28T16:12:30.013Z
2017-11-28T16:12:30.013Z
Hannah Vernon
<p>I was just thinking if its possible to predict bitcoin value. If so, what would be the parameters?</p>

<trading><currencies><value><prediction>
How to predict value of bitcoin?
Vallabh Rao
# How to predict value of bitcoin?

(Asked by: username_0 on 2017-11-27)

I was just thinking if its possible to predict bitcoin value. If so, what would be the parameters?

**Tags:** trading, currencies, value, prediction


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## 1 answers

### Answer by username_1 on 2017-11-27. Score: 1

Predicting the price of a product that lacks intrinsic value is difficult. Typically the price reflects demand; if supply is thin and demand high, the price goes up. Once demand dries up, the price falls; typically precipitously.

So, the question might be, how do you predict future demand for [Tulips](https://en.wikipedia.org/wiki/Tulip_mania)?

[This page](http://www.psychonomics.com/research/a&s/specbubb.htm) has an interesting backgrounder on the phenomenon.

There are many scientific methods for predicting price based on the current price, including stochastics via Markov chains, Bollinger bands, Kaufman Adaptive Moving Averages, etc, etc.


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