Forecasting Bitcoin price using quantitative models, Part 4 By Cointelegraph – Investing.com
- Date: 12-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Forecasting Bitcoin price using quantitative models, Part 4 By Cointelegraph – Investing.com
This is Part Four of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of .
In data mining, the term “hash rate” is a security metric. The greater the hashing power, the greater its safety and resistance to external attacks. It's one thing for a hacker to attack your home computer, but it's another when a hacker tries to attack tens of thousands of computers around the world at the same time.