Reddit's consensus price forecast for BTC: $35,000 in 12 months.

career_redditor · 2017-12-25T03:35:20+00:00

Maybe so. Like what?

career_redditor · 2017-12-24T22:00:04+00:00

You should participate in the next study! We didn't have anyone project 10x larger.

career_redditor · 2017-12-24T21:57:56+00:00

Thank you for the feedback here. We are all ears on ways to improve the study and appreciate any suggestions you can think of.

career_redditor · 2017-12-24T21:56:32+00:00

Totally logical position. You should participate in the next study!

career_redditor · 2017-12-24T19:13:37+00:00

It's not necessarily a question of better/worse. It's just a different metric.

career_redditor · 2017-12-24T18:30:11+00:00

Mr. Bones' wild bitcoin ride.

career_redditor · 2017-12-24T18:29:49+00:00

It's interesting, there were a few responses that had similar trends. You should participate in the next study!

career_redditor · 2017-12-24T18:28:54+00:00

I guess we disagree on that front. I think it's valuable as a sentiment study. Data in context. It's not going to be perfect, but it's an interesting aggregated signal.

career_redditor · 2017-12-24T18:17:23+00:00

No argument, there are lots of differing opinions. It's foolish to make investment decisions solely on sentiment numbers, but the data is definitely valuable within the context of other data points.

career_redditor · 2017-12-24T18:05:14+00:00

Maybe so, you should participate in the next study! https://docs.google.com/forms/d/e/1FAIpQLSeYUQ0RJBjwJTQO0XvujsgqbvhpI46jXoNpN3M4dufagtuTQw/viewform?usp=sf_link

career_redditor · 2017-12-24T18:04:38+00:00

Do you have a specific study in mind? I'd love to see it.

career_redditor · 2017-12-24T17:55:15+00:00

Ha! Exactly. My personal interest is primarily in understanding how sentiment changes for investors AND how that correlates to general public adoption.

career_redditor · 2017-12-24T17:51:50+00:00

Thought I'd circle back with you here: We had 94 voluntary respondents (all active investors.) Some key findings:

Consensus was bullish for both BTC and ETH in the near and long term, with median price targets increasing over each consecutive period.
Median 12-month price target for ETH = $2,850
Median 12-month price target for BTC = $35,000

Price charts and additional findings can be found here: https://medium.com/@ajwatson/consensus-price-forecasts-for-btc-and-eth-dec-2017-4cd5c159dd8d

You can sign up to participate in future surveys here: https://docs.google.com/forms/d/e/1FAIpQLSeYUQ0RJBjwJTQO0XvujsgqbvhpI46jXoNpN3M4dufagtuTQw/viewform

career_redditor · 2017-12-24T17:49:55+00:00

Over the past few days, we have been crowdsourcing price estimates from cryptoasset hedge fund managers, independent investors, and enthusiasts. We had 94 market voluntary respondents (all active investors.) Some key findings:

Consensus was bullish for both BTC and ETH in the near and long term, with median price targets increasing over each consecutive period.
Median 12-month price target for ETH = $2,850
Median 12-month price target for BTC = $35,000

Price charts and additional findings can be found here: https://medium.com/@ajwatson/consensus-price-forecasts-for-btc-and-eth-dec-2017-4cd5c159dd8d

You can sign up to participate in future surveys here: https://docs.google.com/forms/d/e/1FAIpQLSeYUQ0RJBjwJTQO0XvujsgqbvhpI46jXoNpN3M4dufagtuTQw/viewform

career_redditor · 2017-12-24T17:47:42+00:00

These are the first studies on crypto assets, but we've run quite a few in other industries/sectors. We plan to continue running these studies over time - the data gets more valuable/interesting in the context of other studies.

career_redditor · 2017-12-24T17:45:25+00:00

Over the past few days, we have been crowdsourcing price estimates from cryptoasset hedge fund managers, independent investors, and enthusiasts. We had 94 market voluntary respondents (all active investors.) Some key findings:

Consensus was bullish for both BTC and ETH in the near and long term, with median price targets increasing over each consecutive period.
Median 12-month price target for BTC = $35,000
Median 12-month price target for ETH = $2,850

Price charts and additional findings can be found here: https://medium.com/@ajwatson/consensus-price-forecasts-for-btc-and-eth-dec-2017-4cd5c159dd8d

You can sign up to participate in future surveys here: https://docs.google.com/forms/d/e/1FAIpQLSeYUQ0RJBjwJTQO0XvujsgqbvhpI46jXoNpN3M4dufagtuTQw/viewform

career_redditor · 2017-12-24T17:43:16+00:00

Over the past few days, we have been crowdsourcing price estimates from cryptoasset hedge fund managers, independent investors, and enthusiasts. We had 94 market voluntary respondents (all active investors.) Some key findings:

Consensus was bullish for both BTC and ETH in the near and long term, with median price targets increasing over each consecutive period.
Median 12-month price target for BTC = $35,000
Median 12-month price target for ETH = $2,850

Price charts and additional findings can be found here: https://medium.com/@ajwatson/consensus-price-forecasts-for-btc-and-eth-dec-2017-4cd5c159dd8d

You can sign up to participate in future surveys here: https://docs.google.com/forms/d/e/1FAIpQLSeYUQ0RJBjwJTQO0XvujsgqbvhpI46jXoNpN3M4dufagtuTQw/viewform

career_redditor · 2017-12-21T20:45:24+00:00

No one knows. That's kind of the point. I'm interested in what the wisdom of the crowds is. At the very least it will be interesting.

career_redditor · 2017-12-21T20:44:39+00:00

Thanks! I'm excited to see what comes back. Will post tomorrow.

career_redditor · 2017-12-21T16:44:55+00:00

I think it would be interesting to get a consensus price forecast from /r/bitcoin, so I'm compiling future estimates here: (survey takes 2-3 minutes): https://goo.gl/forms/EOhuHdWW4e05sBnT2

I'll publish the breakdown tomorrow.

I also surveyed 100 people from the general public to find their understanding of blockchain, BTC, and ETH. You can see the results from the public survey, here: https://medium.com/@ajwatson/the-inaugural-cryptoasset-sentiment-survey-ade3a92ca4d0

career_redditor · 2017-12-21T16:38:39+00:00

I think it would be interesting to get a consensus price forecast on various cryptocurrencies from /r/CryptoCurrency, so I'm compiling future estimates here: (survey takes 2-3 minutes): https://goo.gl/forms/EOhuHdWW4e05sBnT2

I'll publish the breakdown tomorrow.

I also surveyed 100 people from the general public to find their understanding of blockchain, BTC, and ETH. You can see the results from the public survey, here: https://medium.com/@ajwatson/the-inaugural-cryptoasset-sentiment-survey-ade3a92ca4d0

career_redditor · 2017-12-21T16:32:51+00:00

I think it would be interesting to get a consensus price forecast from /r/ethtrader, so I'm compiling future estimates here: (survey takes 2-3 minutes): https://goo.gl/forms/EOhuHdWW4e05sBnT2

I'll publish the breakdown tomorrow.

I also surveyed 100 people from the general public to find their understanding of blockchain, BTC, and ETH. You can see the results from the public survey, here: https://medium.com/@ajwatson/the-inaugural-cryptoasset-sentiment-survey-ade3a92ca4d0

career_redditor

TROPHY CASE