Metcalfe's law for bitcoin price
Metcalfe's law for bitcoin price Here's an inline link to article article the square function number of users times the average transaction value. 94% of the bitcoin moved over the past four years is explained by that equation. It does't make sense for me about a mathematical equation of 94% explained bitcoin price in this article. If I'd like to predict a bitcoin price of following day using this equation, is this as following? square function number of users × the average transaction value ↓ square number of unique addresses per day × (trade volume(USD) per day / number of transactions per day) ↓ 604,054^2 × (597,502,689 / 271,995) = 801,644,073,110,452 date: 2017/11/14 00:00 Here's an inline link to [reference unique addresses ( http://ift.tt/2ipbe10 ) Here's an inline link to [reference trade volume] ( http://ift.tt/2AQB2tL ) Here's an inline link to [reference transactions] ( http://ift.tt/2ip7Pzr ) Answer is very ...