I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.
Although it is simplied model, while it provides basic thinking about it.
My question is is there other popular model/formula about it ?
On my view, I don't think bitcoin has a certain formula. It usually depends on the demand and blockchain consuming. I usually base my predictions on the law of supply and demand wherein whenever the demand rises, the supply decreases and the price goes high which makes it a good opportunity to start selling. I think instead of focusing on the formula, we need to focus more on monitoring the value of bitcoin to know when are the best time to sell and buy.