please delete

[Doell]

If this succeeds will remain like that or it just a coincidence well have you try to look back at previous year do that have anything too? bitcoin prices all real from the beginning until become a big at this moment ,see pull of price bitcoin not on hash as you mean it's only for miner and it's just a coincidence

[STT]

at 1000ehs, 1 BTC = $100k

Cool idea and why shouldnt the world be this neat but the fly in the soup here is the inclusion of the $ sign.   We cant rely on a constant $ value, I guess perhaps we can refer to 2019 $ and account for its variability afterwards.    If we do that we might as well go back to 1971 and take the last fixed price for dollar as the measure, in fact we'd take the grams or troy ounces of gold equal at that time as it would translate in a non changing measure physically.

The free market will always set the price with some error up or down and it generally does eventually do a good job of accounting for various inflation and excess supply available.   If we could fix BTC to another commodity, it might be energy as that is used to create the price and gold can also be said to have a relationship to the oil price again with energy a large part of the costs to mine gold.   So that is the way I'd go to find a constant relationship in the price.

The security of the blockchain scales directly with the hash rate and so should
the price.

I do think there is some good comparable measure here between blockchains thats fair reflection of approximate worth.

[enhu]

at 1000ehs, 1 BTC = $100k

Cool idea and why shouldnt the world be this neat but the fly in the soup here is the inclusion of the $ sign.   We cant rely on a constant $ value, I guess perhaps we can refer to 2019 $ and account for its variability afterwards.    If we do that we might as well go back to 1971 and take the last fixed price for dollar as the measure, in fact we'd take the grams or troy ounces of gold equal at that time as it would translate in a non changing measure physically.

The free market will always set the price with some error up or down and it generally does eventually do a good job of accounting for various inflation and excess supply available.   If we could fix BTC to another commodity, it might be energy as that is used to create the price and gold can also be said to have a relationship to the oil price again with energy a large part of the costs to mine gold.   So that is the way I'd go to find a constant relationship in the price.

The security of the blockchain scales directly with the hash rate and so should
the price.

I do think there is some good comparable measure here between blockchains thats fair reflection of approximate worth.

BTC is a currency, the price of it depends to its demand and supply just as fiat currencies which fluctuation can be seen in foreign exchange. If BTC is a currency then price will dip and bounce.

Security is one reason why BTC price could go up, hashrate makes it more secure and zooming out the chart we'll see that from the beginning BTC is actually rising since 2009. Zooming in to particular time frame in the charts will make it difficult to see where the price can go.

[doomloop]

at 1000ehs, 1 BTC = $100k

Cool idea and why shouldnt the world be this neat but the fly in the soup here is the inclusion of the $ sign.   We cant rely on a constant $ value, I guess perhaps we can refer to 2019 $ and account for its variability afterwards.    If we do that we might as well go back to 1971 and take the last fixed price for dollar as the measure, in fact we'd take the grams or troy ounces of gold equal at that time as it would translate in a non changing measure physically.

The free market will always set the price with some error up or down and it generally does eventually do a good job of accounting for various inflation and excess supply available.   If we could fix BTC to another commodity, it might be energy as that is used to create the price and gold can also be said to have a relationship to the oil price again with energy a large part of the costs to mine gold.   So that is the way I'd go to find a constant relationship in the price.

The security of the blockchain scales directly with the hash rate and so should
the price.

I do think there is some good comparable measure here between blockchains thats fair reflection of approximate worth.

BTC is a currency, the price of it depends to its demand and supply just as fiat currencies which fluctuation can be seen in foreign exchange. If BTC is a currency then price will dip and bounce.

Security is one reason why BTC price could go up, hashrate makes it more secure and zooming out the chart we'll see that from the beginning BTC is actually rising since 2009. Zooming in to particular time frame in the charts will make it difficult to see where the price can go.

Since 2009, we have overall seen increase in the value of bitcoin and also a significant increase has been observed in the number of bitcoin users i.e. both investors and holders. Though the journey of bitcoin is full of pumps and dumps but on the whole, people have observed progress in bitcoin along with altcoins. Even in present situation, we shall simply increase investment in bitcoin and it will pump harder than we are expecting.

[BitHodler]

Security is one reason why BTC price could go up, hashrate makes it more secure and zooming out the chart we'll see that from the beginning BTC is actually rising since 2009. Zooming in to particular time frame in the charts will make it difficult to see where the price can go.

Most buyers aren't really interested in the fundamentals even though it's very important to focus on if you're long term minded. It's just the repetitive nature of this market's cycles that interests buyers.

Hashrate follows price, so as long as we see the price go up, the hashrate will go up too even though there could be a few month delay. Similarly, the hashrate will drop when the price drops because it's no longer profitable to mine.

We saw that happen in 2018 where the hashrate almost halved at one point because the price kept falling consistently for nearly a whole year. It shocked a lot of people because they didn't believe $6k would break.