How to know the price of bitcoin without manipulation
The bitcoin appeared at the time of the economic crisis of 2008 with the bankruptcy of the traditional investment bank Lehman Brothers, which by domino effect dragged many other institutions
At the height I heard of Bitcoin, as a transparent "currency" that could not be manipulated, since the data were all transparent and the knowledge of all.in https://www.blockchain.com.
I remember reading The price of Bitcoin depends on the number of users (wallets) and their use (number of transactions per day).
Today I see everyone analyzing trade charts, and no one is looking at the charts available at Blockchain.
I leave my opinion, making the hypothesis clear that I am wrong.
Most of the graphics I see are the reflection of group behavior, At a certain price everyone buys, but why ?? based on which data, which are not just behavioral group behavioral?
I leave you with what I consider the graphs of analysis to reflect what will be the right price of Bitcoin
Retired on 03/03/2019
Number of Bitcoins in Circulation
Number of wallets "IN USE"
Number of daily transactions
I remember that rates were very expensive for a long time and we all had to find alternative currencies, at the moment making that change may not justify.
Number of daily transactions
I remember that rates were very expensive for a long time and we all had to find alternative currencies, at the moment making that change may not justify.
Know the right price of Bitcoin ??
Just cross the data with those of the past.
See at a time when the number of transactions were the same and the number of portfolios (people to use), It is not strict because I am leaving important data out. But it will not run away from the right value.
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