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0 pointsJoachimSchipper7y ago0 comments

That is very interesting, but it does sound like you’re measuring engagement (or, less charitably, the effectiveness of the self-organizing distributed boiler room of patio11 fame) rather than, say, assets and earnings.

I’d call the latter “fundamentals”, if only because I don’t see why engagement would provide a price floor at e.g. 1000 $/BTC rather than at 10k $/BTC or 100 $/BTC?

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tim3337y ago

While engagement as in just tweeting doesn't provide a price you can do an estimate by (number of fans) x (amount they'd like to have invested) / (number of coins) = (estimated price)

eg 20 million BTC investors want to have $10k in BTC, 20 mil coins available => the price should be $10k

obviously some guess work in there

j / k navigate · click thread line to collapse

0 comments

tim3337y ago

While engagement as in just tweeting doesn't provide a price you can do an estimate by (number of fans) x (amount they'd like to have invested) / (number of coins) = (estimated price)

eg 20 million BTC investors want to have $10k in BTC, 20 mil coins available => the price should be $10k

obviously some guess work in there

j / k navigate · click thread line to collapse