Where will Bitcoin be on 9/4/2018?

Here are some submissions to the contest at hand:

That following was sent 9/14/17, which is fine:

Quote: Paco

I may have missed the cutoff, but I am going with $7800.

Quote: soopoo

My price estimate....

$2,862.86

Quote: AZD

Put my guess at $9,550.

The current price is $6,454.20. Looks like Paco is the big favorite.

Quote: DRich

I think it is hilarious that Bitcoin is up over 50% in the last year and people are saying that it has failed and is doomed.

It is doomed. It's being propped up
by those already heavily invested
in it, hoping for a surge so they can
sell. Experts say no more surges,
people are scared and bored with it.

Bitcoin reminds me of a woman
I used to pick up in my taxi 30
years ago. An older woman of
color, she would always try and
pay with a creased and dirty
personal check made out to her.
And it was 3 years old.

I would always tell her who takes
two party checks for $100, and
it was long expired anyway. No
comment from her, no expression
on her face. She had tried to unload
this bad check somebody had stuck
her with countless times.

That's Bitcoin. The people are stuck
with it, hoping and praying they
can unload it on other suckers in
the near future.

It looks like BTC was during 4 September
$7,263.00 open
$7,388.26 high
$7,255.44 low
$7,361.66 close


MIOTA began at roughly 64 cents when it debuted on June 13, 2017 and is now at 59.5753 cents,

Sweden has selected MIOTA as the system to back their national crypto currency next year. It does not have the massive electricity expenditure of bitcoin. Instead of "blockchain" it uses a new system called "tangle"
http://list.wiki/IOTA_(MIOTA)
The governing organization is in Berlin (website doesn't work at this moment)
https://www.iota.org/

This might be the best investment for the future

SEC suspends trading in Ether One related products not because of problems with the product itself but because the trading exchange/reporting sites fail to provide consistent information as to its status as a US dollar denominated overseas asset similar to an American Depository Receipt.

Quote: Wizard

I'm going to offer a free lunch with yours truly or $50 to whoever can get closes to the Bitcoin value on 9/4/2018.

I don't know who won this contest, but if it was me I would like to contribute to the fund for DT from "passing the hat".

Quote: Wizard

As I write this, on 9/4/2017, Bitcoin is at $4,169.74.

So now BTC is $3,493 with a market cap of $61 billion.

Low drama in Sweden as some people can't get their cellular network on their phones with the public toilets, which no longer accept coins.


As of right now, Sweden is still on track to issue a public crypto currency tied in value to the national currency next year. Expectations are for $5-$6 billion in digital currency, to match the current amount of circulating banknotes and coins.

The new coins worth roughly €0.10, €0.20 and €0.50 were introduced 1 October 2016 and and weigh 3.6g, 4.8g, and 6.1g and circulation is up to 380 million coins. It is actually kind of surprising as coins are not accepted in most machines. The old coins were too large, but they join and older coin worth roughly €1 which weighs 6.6g and has 212 million in circulation. Sweden's coins are made in Finland and their banknotes are made in Britain.



In some sense the decision by South Korea to demonetize all coins is actually more radical than Sweden's moves.

Quote: Pacomartin

So now BTC is $3,493

So 5 months ago it was at $7000 and
I was thinking of getting into it
it to get paid by Bovado. Tejected
that for this very reason. How do
think I'm feeling about that decision.

How do casinos continue to accept
and pay out in a currency that's
worth half what it was in July.

Quote: Evenbob

How do casinos continue to accept
and pay out in a currency that's
worth half what it was in July.

Either they do not hold it so they carry no risk or they keep everything denominated in it so the value does not matter. Simple.

Quote: Evenbob

How do casinos continue to accept and pay out in a currency that's worth half what it was in July.

National currencies can drop quickly as well. Inauguration day is on 1 December in Mexico. Four (6 year) terms ago on 1 December 1994 a new President came in.
The pesos dropped from 3.44 pesos to the dollar to 7.58 pesos to the dollar in one year. That is a drop to 45.38% of it's value a year ago. Currently the peso exchange rate is 20.298 to the dollar.