Do you guys Believe in 1 BTC = 32 ETH Formula?

[Faisal2202]

I have been following WiseAdvice for a long time, maybe over a year, and he shared good content. not here to advertise him, but he shared this formula that in every cycle (past 4 cycles) when it was a bullish time and BTC made an ATH, it made it always equal to 1 BTC to 32 ETH at that time.

I am sure many of you here must be following him to, so let's see how true this formula is.
First ATH: 06th Jan 2014 - $1000, and at that time ETH did not come into being.
Second ATH: 14th Dec 2017 - $20k, at that time ETH was trading around $650 to $730, and if we multiply 32 ETH to 650$= 20,800$. So it seems 1 BTC really equal to 32 ETH?
Third ATH: 10th Nov 2021 - $69k, ETH was trading at around $4,800, so 32 ETH multiplied by $4.8k is more than $69k as it is worth around $153,600.
Fourth ATH Till now the ATH has been made on a weekly to daily basis, but till now 1 BTC according to the current ATH of $94k and ETH is currently trading at $3000, and if 32 ETH are multiplied by $3000, it is worth $96k.

It means in the current scenario either ETH price have to rise up to the point of $3.1K so 32 BTC would make $100k (the most predicted ATH) and it will reach that point as it already touched it, and the difference is not big. Still 32 ETH worth $96k so according to his formula current price of 1 BTC should be around $96k.

I know this formula is totally illogical and not based on serious facts. Even the historical prices have proved that this method of judging price is not reliable and a good one. Its highly risky to trade on this formula I just shared it to know how many of you already knew about it and even those who come to know about it just now. What are your views on it? And do you guys also make such a formula to make long-term predictions like this?

Disclaimer: I don't mean to discourage any party like Wiseadvice here, as maybe he is just kidding with this formula but I thought why not we should discuss it here, maybe in a funny way too.

[Ujok]

everyone has the right to analyze a market movement and nothing is impossible in the world sir, the numbers you said are possible because bitcoin is the best coin besides the risk is not too high good to be stored or traded even bitcoin has a lot of support from various parties and is also widely used, so the figure you said I really agree and it makes sense..

[Zed0X]

I don't know the guy and it is almost my first time encountering this. The only 32 ETH I know is the requirement to become a validator. Until now, I don't know where that number came from or what's the reasoning why it has to be 32. Is it somehow connected to that speculation or formula as you call it?

[TomPluz]

This is actually the first time I ever encounter such a formula and for such we can be at awe of the historical significance of the 32 ETH formula which can be proven more on-target than Allan Lichtman's 13 keys to the White House which faltered last Nov5 (just kidding!). I am sure that people who love numbers and their significance and historical precedents would be attracted to dig more on this formula and hopefully by 2025 this can still be effective...let's revisit this post in the first quarter of 2025 to see its correctness.

[Azharul]

I have been following WiseAdvice for a long time, maybe over a year, and he shared good content. not here to advertise him, but he shared this formula that in every cycle (past 4 cycles) when it was a bullish time and BTC made an ATH, it made it always equal to 1 BTC to 32 ETH at that time.

I am sure many of you here must be following him to, so let's see how true this formula is.
First ATH: 06th Jan 2014 - $1000, and at that time ETH did not come into being.
Second ATH: 14th Dec 2017 - $20k, at that time ETH was trading around $650 to $730, and if we multiply 32 ETH to 650$= 20,800$. So it seems 1 BTC really equal to 32 ETH?
Third ATH: 10th Nov 2021 - $69k, ETH was trading at around $4,800, so 32 ETH multiplied by $4.8k is more than $69k as it is worth around $153,600.
Fourth ATH Till now the ATH has been made on a weekly to daily basis, but till now 1 BTC according to the current ATH of $94k and ETH is currently trading at $3000, and if 32 ETH are multiplied by $3000, it is worth $96k.

It means in the current scenario either ETH price have to rise up to the point of $3.1K so 32 BTC would make $100k (the most predicted ATH) and it will reach that point as it already touched it, and the difference is not big. Still 32 ETH worth $96k so according to his formula current price of 1 BTC should be around $96k.

I know this formula is totally illogical and not based on serious facts. Even the historical prices have proved that this method of judging price is not reliable and a good one. Its highly risky to trade on this formula I just shared it to know how many of you already knew about it and even those who come to know about it just now. What are your views on it? And do you guys also make such a formula to make long-term predictions like this?

Disclaimer: I don't mean to discourage any party like Wiseadvice here, as maybe he is just kidding with this formula but I thought why not we should discuss it here, maybe in a funny way too.

If we follow in cryptocurrency market, we can see that you could express a best comment in your post. Because we can see that bitcoin price is increase day by day.  In this time bitcoin price is running in $96k up. I also believe that gradually bitcoin price is high, i also believe that in this year bitcoin price pass $100k. So i believe that 1BTC=32ETH formula is very prefer in cryptocurrency market. But i think that if bitcoin price will increase then ethereum price also be increase too. So in this formula is acceptable to me.

[yhiaali3]

As you mentioned, this formula is completely illogical and not based on serious facts, so I will not rely on such a formula to analyze the price of Bitcoin.

As far as I know, the price of Ethereum is what follows the price of Bitcoin, so I do not see it appropriate to guess the price of Bitcoin based on the price of Ethereum, even if that is true, I think it will be mostly a coincidence.

If we rely on this formula, Bitcoin will have actually reached the top because it reached close to $96K, I do not think so because I think the top will be between $120-150K most likely.

[Faisal2202]

everyone has the right to analyze a market movement and nothing is impossible in the world sir, the numbers you said are possible because bitcoin is the best coin besides the risk is not too high good to be stored or traded even bitcoin has a lot of support from various parties and is also widely used, so the figure you said I really agree and it makes sense..

That's right, BTC is the safest investment and as institutional investors and ETFs been investing in them and governments are trying to maintain law and regulations, this shows they are trying to stabilize the price of BTC but they don't own most of the BTC yet that they can stabilize the price, they (ETFs) only own around 1 million BTC till now from 11 Jan.

The point is this adoption and big resistance of 100k is speculating by almost every trader and investors even the newbies are saying it will cross $100k. I think the same, but this formula was just a self created equation and it can also make sense.

[dave_strider]

As you mentioned, this formula is completely illogical and not based on serious facts, so I will not rely on such a formula to analyze the price of Bitcoin.

As far as I know, the price of Ethereum is what follows the price of Bitcoin, so I do not see it appropriate to guess the price of Bitcoin based on the price of Ethereum, even if that is true, I think it will be mostly a coincidence.

If we rely on this formula, Bitcoin will have actually reached the top because it reached close to $96K, I do not think so because I think the top will be between $120-150K most likely.

Yeah, it's just a series of facts laid in front of us to try to scramble for a picture of sorts.
Still, it's interesting that it works most of the time it is used during the ATHs.

[luckyledger]

everyone has the right to analyze a market movement and nothing is impossible in the world sir, the numbers you said are possible because bitcoin is the best coin besides the risk is not too high good to be stored or traded even bitcoin has a lot of support from various parties and is also widely used, so the figure you said I really agree and it makes sense..

That's right, BTC is the safest investment and as institutional investors and ETFs been investing in them and governments are trying to maintain law and regulations, this shows they are trying to stabilize the price of BTC but they don't own most of the BTC yet that they can stabilize the price, they (ETFs) only own around 1 million BTC till now from 11 Jan.

The point is this adoption and big resistance of 100k is speculating by almost every trader and investors even the newbies are saying it will cross $100k. I think the same, but this formula was just a self created equation and it can also make sense.

..Or a self-created prophecy of sorts.
We are nearly $98k so I think $100k is inevitable. As well as more, probably.

[tequilla_sunset]

If we follow in cryptocurrency market, we can see that you could express a best comment in your post. Because we can see that bitcoin price is increase day by day.  In this time bitcoin price is running in $96k up. I also believe that gradually bitcoin price is high, i also believe that in this year bitcoin price pass $100k. So i believe that 1BTC=32ETH formula is very prefer in cryptocurrency market. But i think that if bitcoin price will increase then ethereum price also be increase too. So in this formula is acceptable to me.

It's acceptable for me too, sorta, but I wouldn't use it to think about the price of ETH or BTC as well.
Just a fun fact that usually works out. Crypto space plays with us in mysterious ways 

[omori]

This is actually the first time I ever encounter such a formula and for such we can be at awe of the historical significance of the 32 ETH formula which can be proven more on-target than Allan Lichtman's 13 keys to the White House which faltered last Nov5 (just kidding!). I am sure that people who love numbers and their significance and historical precedents would be attracted to dig more on this formula and hopefully by 2025 this can still be effective...let's revisit this post in the first quarter of 2025 to see its correctness.

Yeah, but it's still just a cool trick to pull off more than a formula to be used to get things done, at least in my book.
Still, it's really interesting to check how the formula would hold off this cycle.

[Faisal2202]

I don't know the guy and it is almost my first time encountering this. The only 32 ETH I know is the requirement to become a validator. Until now, I don't know where that number came from or what's the reasoning why it has to be 32. Is it somehow connected to that speculation or formula as you call it?

Maybe he chose this number due to the requirement of being a ETH validator as you said or maybe he calculated the price of ETH and compared it with ATH of BTC but it only met with it one time.

I tried to search about it but did not found anything on internet so this formula he created was totally unique from his observation and maybe it will be proved this time as BTC already touched $97k and ETH is at $3.1k

Overall the equation is going as expected, I would trust this equation like 50 to 80% if it would be observed by most of the community but if most of the investors don't have this equation in mind so they wont trade on the basis of it and market won't go according to it too.

[Bobcrypto]

I have been following WiseAdvice for a long time, maybe over a year, and he shared good content. not here to advertise him, but he shared this formula that in every cycle (past 4 cycles) when it was a bullish time and BTC made an ATH, it made it always equal to 1 BTC to 32 ETH at that time.

I am sure many of you here must be following him to, so let's see how true this formula is.
First ATH: 06th Jan 2014 - $1000, and at that time ETH did not come into being.
Second ATH: 14th Dec 2017 - $20k, at that time ETH was trading around $650 to $730, and if we multiply 32 ETH to 650$= 20,800$. So it seems 1 BTC really equal to 32 ETH?
Third ATH: 10th Nov 2021 - $69k, ETH was trading at around $4,800, so 32 ETH multiplied by $4.8k is more than $69k as it is worth around $153,600.
Fourth ATH Till now the ATH has been made on a weekly to daily basis, but till now 1 BTC according to the current ATH of $94k and ETH is currently trading at $3000, and if 32 ETH are multiplied by $3000, it is worth $96k.

It means in the current scenario either ETH price have to rise up to the point of $3.1K so 32 BTC would make $100k (the most predicted ATH) and it will reach that point as it already touched it, and the difference is not big. Still 32 ETH worth $96k so according to his formula current price of 1 BTC should be around $96k.

I know this formula is totally illogical and not based on serious facts. Even the historical prices have proved that this method of judging price is not reliable and a good one. Its highly risky to trade on this formula I just shared it to know how many of you already knew about it and even those who come to know about it just now. What are your views on it? And do you guys also make such a formula to make long-term predictions like this?

Disclaimer: I don't mean to discourage any party like Wiseadvice here, as maybe he is just kidding with this formula but I thought why not we should discuss it here, maybe in a funny way too.

This method of measuring bitcoin and Etheruem prices performance is completely on a coincidence bases, it does not aligned properly to Bitcoin trends. The calculation is not reflecting on the demand/supply, factors, I think it is completely on a historical coincidence.
Again, relying on Bitcoin past trends or records to trade or investing may fail due to some certain factors like,
1. Change in demands and supply
,2.Constant FOMO
3. Bitcoin developments eg ETF
4. Speculations

[Faisal2202]

This is actually the first time I ever encounter such a formula and for such we can be at awe of the historical significance of the 32 ETH formula which can be proven more on-target than Allan Lichtman's 13 keys to the White House which faltered last Nov5 (just kidding!). I am sure that people who love numbers and their significance and historical precedents would be attracted to dig more on this formula and hopefully by 2025 this can still be effective...let's revisit this post in the first quarter of 2025 to see its correctness.

Honestly, this is my first time hearing about Allan's formula and what about november 5th did he made any predictions about elections?

Speaking of revisiting, I think we don't have to wait till 2025 because BTC and ETH price has already set according to the formula already as BTC touched $97k and ETH is at $3.1k (it moved up)

32 ETH Multiplied by 3,100 is 99,200 and BTC is already sits at $97 so just $2k left  just like before so  let's see maybe BTC will make $100k soon.

[tequilla_sunset]

This method of measuring bitcoin and Etheruem prices performance is completely on a coincidence bases, it does not aligned properly to Bitcoin trends. The calculation is not reflecting on the demand/supply, factors, I think it is completely on a historical coincidence.
Again, relying on Bitcoin past trends or records to trade or investing may fail due to some certain factors like,
1. Change in demands and supply
,2.Constant FOMO
3. Bitcoin developments eg ETF
4. Speculations

We can also put the BTC dom factor in here, though it coincides with the FOMO as well as the mood on the market, that's my opinion, of course.