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by JoachimSchipper
2744 days ago
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That is very interesting, but it does sound like you’re measuring engagement (or, less charitably, the effectiveness of the self-organizing distributed boiler room of patio11 fame) rather than, say, assets and earnings. I’d call the latter “fundamentals”, if only because I don’t see why engagement would provide a price floor at e.g. 1000 $/BTC rather than at 10k $/BTC or 100 $/BTC? |
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eg 20 million BTC investors want to have $10k in BTC, 20 mil coins available => the price should be $10k
obviously some guess work in there