I've calculated Ethereum true price based on the number of transactions over time
On first of January 2017, ETH had 40k transactions per day and price was 8.24$. Today ETH has 500k transactions per day. If we can assume price grows linear with demand, we can assume ETH's true price would be around 103$ as the demand would have increased 12.5x since last year.
What we're seeing now is a correction to the true price considering the demand. Just above the double digits, but I wouldn't be surprised if it stayed on the 50-100 range for a while due to general pessimism.
Could it ever go to $20 bucks like some people are claiming here?
Nicholas Butler
The problem is price tends to grow exponentially with use, this is why a website with 100 million daily users can be worth tens of billions (I.e hundreds per user) while a website with 10,000 daily users is not worth millions of dollars.
Leo Peterson
Ok, now calculate btc true price
Brayden Bell
thank you for that input you random niger now go back to being black somewhere else
Also, read Bitmex' blog and newsletter, they have good insight
Jason Ortiz
all of that shit is fake and straight fud
Andrew Gonzalez
Those sorts of things are a meme though. Same with miner costs.
Something is worth the amount people are willing to pay for it, and thats fluid.
Xavier Jenkins
fuck you arthur >trusting bitmex's insight theyre in it to fucking take your money if they want you shorting then theyre going to fud if they want you longing then theyll be bullish either case it all ends up in fucking liquidations and price stagnation. bitmex is a fucking cancer
>believing anything’s “true value” will ever be reflected in its price Come on dude.
Caleb Brown
Arthur, shut THE hell UP!
Oliver Russell
no, i'm sorry but at $20 it would have to half 3 more times. very very unlucky
we saw huge volume surge at $170
which would imply it was close to/ was the bottom
Kevin Gonzalez
This. Op is a brainlet for thinking the value of networks scale linearly with size.
Jackson Perez
this whole threat is pure retardation transaction count tenuously relates to adoption/demand at best active addresses would be a slightly better indicator, but only slightly it never ceases to amaze how few of you understand what ethereum is even about. on here, reddit, internet at large... most of you morons hold your coins on exchanges and only hope for fiat appreciation those of us who use the network are truly early adopters in the sense 99.99% of the people who hold eth don't get it of course, despite fiat-obsessed brainlets on both sides thinking early adoption means necessary price appreciation, it doesn't. ethereum could very well go to $20 while the network succeeds. even ethereum developers are gently signaling they don't see ether as currency, and left-leaning philosophies + economic illiteracy could result in higher inflation rates than promised and more dilution in the long run still, it's painful to watch you retards, bulls and bears both, hold completely wrong arguments and make batshit retarded analysis on both sides. especially because one side will inevitably win, and one of the two groups of retards will feel vindicated and act even more insufferable fuck making the world better. let the globalists win and turn it all to ashes
>I'm here for the tech have fun with that eth lol not sure what you're gonna use it for, gamble on some ponzi game?
no one buys crypto to use it for anything, everyone wants more money. I for example will never need any of this shit beyond simple things like btc or xmr, everything else I ever hold is 100% with the intention of dumping on greater fools and I'm proud of that
And what makes you assume that price in January 2017 reflected the amount of transactions on the blockchain?
Dylan Thomas
Well it's good that the majority of ETH is being held by people who do understand cause this space have REKT itself already if it wasn't.
Angel Robinson
This is utterly trite. Merely faulty reasoning and twisted interpretation of developer sentiment. No better than the hacks who call themselves journalists trying to manipulate investors. Ether is far superior to bitcoin.
Sorry, nigger :^[)
Ryan White
Your conclusion is based on what? Perception? Suck my WEINER
Evan Thompson
cool, where is the adoption? Oh das richtig, doesnt exist, will never come, because its useless. A spiel purely invented to give the impression to serve a problem that cant be solved without it. Thats why I fuck your wife you dumb cucks, because all nature wants is some hard cock in her pussy. You can only fill one hole
Henry James
>he thinks mining cost backing up the market price is a meme
This is like basing the value of the internet based on a testrun in 1995.
Stop being a retard.
Gavin Wright
You’re great at primary school level math.
Daniel Davis
These. Look up Metcalfe’s Law op
Oliver Lee
There are 2 people in the system and each has 1 dollar and 1 apple.
They agree that 1 dollar is worth 1 apple.
A third person is added to the system. This person has 2 dollars.
What is a dollar worth now in terms of apples?
Before you say 1 apple = 2 dollars... Consider what happens if that trade is made and the apple buyer leaves the system after the trade.
In the system there is now 1 apple,and 4 dollars. So the price of the apple is 4 dollars.
But the other guy only has 3 apples.
At the start of the scenario when 1 apple = 1 dollar he could have bought an apple.
After making a "fair" trade... He now can no longer afford an apple.
He has cucked himself. Somehow.
So too has the OP cucked himself. A reading from the book of jewish math.
Gabriel Reed
°but the other guy only has 3 dollars.
Joshua Wood
only retards are obsessed with intelligence
it's pointless to list use cases to you as you're so braindead you couldn't even understand the point of bitcoin, much less ethereum
space != valuation hardly anyone developing actual shit would stop because of the valuation. it'd be hypocritical to pretend people aren't happy shit they bought for $10 is now worth $210, but if anything the insane appreciation did more to make some developers lazy than to bring talent onboard
typical moron bagholder so buttblasted over his holdings he can't read for shit. of course ethereum is superior to bitcoin, you triple nigger
>you can't judge adoption = there's adoption and you sir take the crown for retard of the thread, which is quite an achievement considering the competition
Angel Kelly
arthur hayes is the first nigger in crypto. congratulations.
Joshua Richardson
>ETH Isnt a currency meme It is used as currency so that people have incentive to run nodes and mine it you brainlets. If it didnt have value and was not easily transferable the network wouldnt exist.
James Martin
>. of course ethereum is superior to bitcoin superior in crashing, yea probably. enjoy your sharting 2020 nigger >muh decentralized supercomputer S H I T C O I N H I T C O I N
