yaobaoying234
@yaobaoying
We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency.
Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. On a side note, most of the big Market Makers (FX Traders) use this price movement as a way to make a profitable living, as well. Especially when price fluctuations are a consequence of hype or fear (bubbles, cliffs), not factual supply/demand data, and are wildly out of the real price range. 0 reply
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Recently, I’ve met a lot of people talking about how a certain token suddenly skyrocketed, but few mention fundamentals, users, revenue, technology, model, ecosystem, etc. It feels like the discussions are all very uniform:
The project team maintains high control, spends (or hires) a big sum of money, finds (mysterious) “active market makers” to pump it, and makes even more money during the pumping process.
Is it really like that? 0 reply
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