rjclarke2000
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September 24, 2017, 09:01:12 AM

So way back in 2013, I devised a little unscientific theory as a way to measure the growth of Bitcoin and thus it's supported price floor.

I didn't have an accurate way to measure the exact number of participants and accounts across the world, so I just used Coinbase as a reference.

I surmised that for each 5X multiple in number of accounts, the price would be supported at around a 10X from the last price floor.

In 2015, Coinbase had around 2M accounts, and the price floor was found ~$250/btc.

Now they have approximately 10M accounts, and the price floor probably sits around $2500/btc (a rough guess).

So to extrapolate, in order to reach a support of $25k/btc, Coinbase would need to hit around 50M accounts.

Can we do it in the next 2-3 years?  I think it's possible. In 4-5 years I think it's a lock.


This is a great theory here Torque. I like your thinking!