In the last few days the bitcoin exchange rate at a more leisurely pace. The effects have been less pronounced than it was a couple of weeks ago. But on a computer, twitter has been anything but quiet. What’s the opinion of several analysts, the market price of bitcoin? A survey of the field.
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A parabolic phase in bitcoin is just getting started
Peter Burns is a well-known analyst, he analyzes the various financial markets. Every now and then, he also gives his opinion on the price of bitcoin.
Peter Brandt, retweet You, Pal. Pal is the founder and CEO of the Global Macro Investor, a venture capital firm. He says there’s no bones about it: “If you do not yet have any bitcoin, then it looks like this will be the last chance for the rocket to leave.’
Burn it with a Pal to say: ‘There’s a chance that bitcoin is in its fourth parabolic stage.’
Possibility that is $, BTC has just entered fourth parabolic phase https://t.co/q4nAgkVJff pic.twitter.com/PL2LQ4ANOY
— Peter Burns (@PeterLBrandt) On September 1, 2019 At The Latest
With a parabolic phase, mean, Peter Brandt, is that the bitcoin price move in one direction to the top of the move. The price then moves up faster and faster, until it reached a new peak.
The final parabolic phase of the bull market in 2016 and 2017. When it reached a bitcoin to a height of no less than 16,000 euros. Next year will see a new high on the price?
‘Bitcoin is a stock-to-flow model is more powerful than litecoin’
Also, PlanB comes up again. PlanB is famous for the use of the stock-to-flow model of the exchange rate of bitcoin. According to him, there is a strong relationship between this model and the price movements of bitcoin.
PlanB has, in its last tweet about the price of litecoin. In accordance with PlanB, the value of litecoin not being predicted by the model. The litecoin block halving and has hardly any effect on the price of litecoin.
Some people think that because litecoin didn’t jump on ltc halving, the btc halving will also be irrelevant for #bitcoin. That logic is flawed. LTC price doesn’t have a significant relationship with the stock-to-flow, the so-halvings are indeed irrelevant in this case. BTC price-s2f relationship is a strong, ? https://t.co/5Wx7vHLvUd
— PlanB (@100trillionUSD) December 31, 2019
The bitcoin block halving in accordance with PlanB, however, the effect on the market price of bitcoin. In his analysis PlanB, however, a note in the margin: in the stock-to-flow model to predict the price of bitcoin does not. The model includes only the price that bitcoin is around to move it.
‘Bitcoin can be $ 28,000 to be”
Max Keiser is one of the earliest investors in the bitcoin. It is, therefore, not surprising that he was always in a positive way about bitcoin, and the exchange rate. According to Keiser has to bitcoin, in regards to the course is a lot more to offer:
#Bitcoin hashing approaches 90 Quintillion. A Per-protocol, hard-coded Game Theory, the hash precedes price”. $28,000 is in play.
— Max Keiser, tweet, money. (@maxkeiser) on September 1, 2019 at the latest
Keiser refers to the total computing power on the bitcoin network. The more hashes per second there are, the more computational power the network holds. More computing power allows for greater security in bitcoin as a betaalnetwerk. Now, it is hardly to hacking.
According to Keiser, says with the number of hashes per-second, something about the price of a single bitcoin. In that case, it can be very positive. We will soon have a market price of $ 28,000 per bitcoin get?
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