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RE: A Review of a Few Fundamental Metrices that Drive Bitcoin Value and What They Currently Indicate
Our ongoing research reveals four factors that produce an effect the price of Bitcoin. These append media hype and uptake by peers, embassy uncertainty and risk (such as the election Donald Trump or the vote for Brexit), moves by governments and regulators, and the governance of Bitcoin itself.
Agreed. However, some of those like media hype tends to have a shorter wavelength so that when you go for long term effects and average out those shorter wave lengths, some of those might have a sustained but more constant effect. Still I'd be very interested to see what those look like.
it is likely the last factor that has driven the latest slip in the price, as a proposed Bitcoin split (or fork) fruitless to profit acknowledge from developers towards the subside of last week. The split would have doubled the number of coins in circulation (as previous splits have) and increased transaction quickness