Metcalfe’s Law suggests that the more people who use a cryptocurrency, the more valuable and useful it becomes.
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Category: Metcalfe’s Law
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Fidelity analyst: Bitcoin price up-down debate ‘mostly noise,’ watch network’s Apple-esque growth
The number of users on the Bitcoin network keeps growing higher, serving as reminiscent of tech giant Apple’s growth to date.
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What is a Bitcoin Maximalist?
People who are invested in cryptocurrencies will usually try to see the bigger picture. This industry is about more than just the top 15 markets ranked by market cap. Even so, there are people out there known as “Bitcoin Maximalists”. Since this term causes a fair bit of confusion, now is a good time to address what makes one a Bitcoin Maximalist. The Bitcoin Maximalist Conundrum As the name somewhat suggests, a Bitcoin Maximalists is an individual who values Bitcoin above all else. Although that idea might apply to most cryptocurrency users and investors, there is a bit more to
The post What is a Bitcoin Maximalist? appeared first on The Merkle Hash.
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Bitcoin Price Watch: Currency at $8,250
Bitcoin has done it, ladies and gentlemen! At press time, the father of cryptocurrency has jumped past the $8,000 line and taken the currency further than it’s been since last May. July is proving to be a hot month by both temperature and financial standards. The price burst is happening for a few reasons. More […]
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Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue
Researchers from Switzerland published a twenty page study on the predictability of bitcoin bubbles, using Metcalfe’s law and Log-Periodic Power Law Singularity (LPPLS), and determined bitcoin’s market capitalization might fall as much as $44 billion, or 35% (at the time of writing), by the end of 2018. Also read: More Bitcoin ETF Teasing, Encouraging Signs Emerge […]
The post Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue appeared first on Bitcoin News.
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Bitcoin Price Watch: Recovery – It’s Happening, People!
Following a rough two-week period, it seems like the predictions regarding bitcoin’s alleged recovery might be coming true. Yesterday saw the currency trading at roughly $7,100. A $300+ jump is now in the books, and at press time, bitcoin is trading for just shy of $7,500. This is a near five percent spike in less than 24 hours. The move likely stems from the recent report that Japanese cryptocurrency exchange Coincheck is on course to be rescued. Last January, Coincheck was the victim of one of the largest hacks in history. The platform lost over half-a-billion dollars in NEM coinsPowered by WPeMatico