Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
On this basis this Chart illustrates the journey Bitcoin has been on and it is quite clear where the journey is headed (exponentially upwards) and is the reason why i am dollar cost averaging my purchases.
It illustrates the bubble and why we are in a legitimate healthy growth - not a bubble.
Black line is BTC Market Cap Green Area is the number of transactions.
Red line illustrates a rough equilitbrium price Blue lines are correction periods
Im not claiming this is a new theory - just illustrating what i believe is occuring!
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.