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RE: My attempt at a predicting the new 'stable-ish' base price of Bitcoin.

in #bitcoin7 years ago

Its a solid investigation and I think you are right, however the psychological influence is strong as well as the greed of the NEW waves of money that will wash into bitcoin - it's an unregulated thing, so once the tops start orchestrating buys and sells, there will be many cast out in the crushing lows while the media tells them to buy in the highs! So it goes i guess.. Something that I think will stimulate bitcoin beyond most ideas is that ICO and altcoins are gaining public awareness and a ton of money will be flowing in (and out) of these coins for the foreseeable future, and for the foreseeable future, most of those transactions will occur through bitcoin.