# Last edited on 2015-04-29 01:17:00 by stolfilocal
# Not posted


Basically, P = (V - U)/R where P is the price ($/BTC), V is the investment money input ($/day) provided by new investors who are increasing their holdings, U is the divestment money output ($/day) taken by earlier investors who are reducing their holdings, and R is the block reward rate (BTC/day, currently 3600). Since Nov/2013, V seems to have been mostly decreasing,  and is ~800 k$/day, as you note.  U is unknown, and may or may not be increasing.