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We have a pretty good idea. Bitcoin holders and miners promote it. Punters buy because it's going up until it peaks and then they sell because it's going down.
by tim333 9mo ago
We have a pretty good idea. Bitcoin holders and miners promote it. Punters buy because it's going up until it peaks and then they sell because it's going down.
The a value is approx <amount average person invests in bitcoin> x <number of people> / <number of coins (~16 mil)>
It goes up over the cycles as the number of people in it goes 1 mil, 10, 100, 1000 etc.