Jeffrey Tucker
A New Currency for the Digital Age
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The proposed method is applicable to a range of cryptocurrencies, and can predict fluctuations in the prices of such cryptocurrencies as Bitcoin, Ripple, and Ethereum to a certain extent (approximately 74% weighted average precision). Moreover, the rise and fall in the number of transactions of Bitcoin and Ethereum can be predicted to some extent. What does this all mean for the Bitcoin price? To calculate the exchange rate for US Dollars, they typically pull the market depth from an exchange with adequate liquidity and reliable withdrawal capabilities in the USA and Eurozone. They factor "slippage" into their exchange rates, which means that the larger the value of the donation, the lower the exchange rate. Slippage is usually only noticeable on very large donations.