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BTC Top Cap Model

BY: @jomeszaros | CREATED: Feb. 16, 2021, 8:22 a.m. | VOTES: 2 | PAYOUT: $0.03 | [ VOTE ]

BTC Top Cap Model
The average cap multiplied by 35. Historically has matched market tops.
Currently at 106K

[IMAGE: https://images.hive.blog/DQmUqnJVPCUJoedJsyAZ2zgksDgbnPYYScWwhaZZiddc5QF/image.png]

AVERAGE CAP
This is the "forever" moving average of Market Cap.
The cumulative sum of daily Market Cap values divided by the age of the market in days.

TAGS: [ #bitcoin ] [ #joe ]

Replies

@leprechaun | Feb. 17, 2021, 11:11 p.m. | Votes: 1 | [ VOTE ]

It would be nice to see a formula that doesn't have Bitcoin doubling at some short schedule forever. This cannot go on forever.

@jomeszaros | Feb. 21, 2021, 8:16 a.m. | Votes: 0 | [ VOTE ]

Imho no formula can predict the future. We are in the middle of a revolution and people don't even realize it.

@leprechaun | Feb. 21, 2021, 1:17 p.m. | Votes: 1 | [ VOTE ]

We can predict some things with some reasonable certainty. Price predictions are all the rage. Bitcoin should have been at million dollars a couple of years ago. The Bitcoin price is determined by
* It's supply which is determined by an algorithm, based how well the difficulty adjusts to changes in the amount of hashing power used for mining.
The amount buying demand of the market and is unpredictable and is at times irrational*

So its all about predicting the demand. Long term I can see this thing go up but I wouldn't be too surprised to see Bitcoin fall to $30k again. Anything could happen.

@jomeszaros | Feb. 22, 2021, 6:24 p.m. | Votes: 1 | [ VOTE ]

Indeed, demand is growing and will grow in the foreseeable future. Supply is fixed by rules, not by rulers. I have no more questions, just a cofee please :)

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