Let's have some fun. I'll send 0.1 BTC to the winner.

Guess the price of 1 BTC in USD at noon EST July 1, 2016. We will use the NYSE index for the price. The smallest absolute difference wins.

https://www.nyse.com/quote/index/NYXBT

The deadline for guessing is August 1st, noon EST.

State your reasoning if you like. I'll add my own non-competitive guess, but only after a number of others have been made.

Update: For my own non-competitive guess, I am going with $750.

I am basically extrapolating a price curve that you get if you ignore the last massive bubble, and factoring in the fact that the reward will drop from 25BTC to 12.5 BTC around the end of next July. Possible downward pressure could be due to a major exchange hack, or extended issues regarding the coming hardfork to increase the max blocksize from 1MB. Upward pressure could come from a new app, more adoption by institutions like Nasdaq, or the Winklevoss ETF being approved.

user-inactivated:

1 BTC


posted 3218 days ago