Post
Topic
Board Speculation (Altcoins)
Re: Crash Incoming
by
CoinCollector006
on 16/03/2018, 05:05:54 UTC
I wanted to add some facts to this discussion regarding future BTC price evolution. Please see the attached graph. https://bitinfocharts.com/comparison/bitcoin-transactions.html

As we look at the history of BTC prices three has been a close correspondence between transaction volume and price. Recently BTC prices have headed down in line with decreasing transaction volumes. Transaction volume seems to be flatlining at current levels.
 
Bottom line we need volumes to pick up in order for the market value of BTC to increase, this is predictable based on the pricing relationship defined by Metcalfe's law where the network value is proportional to the number of users squared. Hopefully, Lightning network leads to large number of micropayment transactions and this serves as a catalyst to drive prices back up and reward the HODLers that have had faith in the asset.