Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 12/09/2016, 22:05:02 UTC
Quote from: Elwar on September 12, 2016, 08:58:05 PM
Quote from: JayJuanGee on September 12, 2016, 08:33:08 PM
Quote from: European Central Bank on September 12, 2016, 06:26:14 PM
Quote from: Dafar on September 12, 2016, 06:20:46 PM
I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.


You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...  Cheesy Cheesy Cheesy     Tongue


This calculator is good at showing the many drivers of the bitcoin price (never left alpha stage but still pretty good)

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html


Thanks.  That's an interesting site with some informative particulars.

I find curious a couple of the descriptions.  1) I would have thought that the world-wide black market as a bit larger than .65 trillion dollars, but I don't really have any counter facts beyond my mere thinking and hypothesizing about the topic  and 2) The top section shows the current number of bitcoins mined as nearly 16 million; however, the bottom section seems to show the current number of bitcoins mined as nearing 14 million coins with nearly 1 million lost coins... seems like a glitch in the software/facts, maybe?