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Fundamental drivers of the cryptocurrency market

  • #81
  • Sep 4, 2019 8:50am Sep 4, 2019 8:50am
Quoting TMR
{quote} Incorrect. Confirmed transaction would be the network "traffic" not the Hashrate. https://www.blockchain.com/charts/n-...s?timespan=all The meaningful relationship is the network value and hashrate not price. That being said, the Bitcoin network reached an all-time hashrate yesterday 9/3/2019. {image}
Hashrate is mining, bud! Computation Power.... wasted energy in the end
...but we need few more decades to realise that's a waste
Cheers
Member
  • #82
  • Sep 9, 2019 3:47am Sep 9, 2019 3:47am
Google searches for "BTC" are spiking at the moment. https://trends.google.com/trends/exp...Ethereum&hl=en
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  • #83
  • Sep 10, 2019 4:05am Sep 10, 2019 4:05am
SEC Chair Jay Clayton on Bitcoin ETF - Sept 9, 2019

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  • #84
  • Sep 28, 2019 5:13am Sep 28, 2019 5:13am
Looks like someone pulled the plug on a bunch of miners. Also Bakkt had an underwheming 24-hour trade volume after the launch of the Bakkt futures exchange with only 71 BTC as opposed to 5,298 BTC for CME; which equals to 75x less trading volume.
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  • #85
  • Oct 7, 2019 2:27am Oct 7, 2019 2:27am
Quoting TMR
Here is an excellent article titled Modeling Bitcoin's Value with Scarcity. https://medium.com/@100trillionUSD/m...y-91fa0fc03e25 Scarcity can be quantified by SF. SF = stock / flow Stock is the size of the existing stockpiles or reserves. Flow is the yearly production.
Podcast with Plan₿(@100trillionUSD), known for his Bitcoin stock to flow ratio analysis and the author of Modeling Bitcoin's Value with Scarcity. Gold's stock to flow compared to Bitcoin, scarcity, halvings and safe-haven assets.

https://www.whatbitcoindid.com/podca...-stock-to-flow
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  • #86
  • Oct 11, 2019 4:26am Oct 11, 2019 4:26am
We could be at the foot of another parabolic breakout (1-2 year time frame).
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  • #87
  • Oct 28, 2019 3:46am Oct 28, 2019 3:46am
The President of the People's Republic of China (Xi Jinping) just went all-in on Blockchain Technology.

China is currently the country with the largest population on Earth, it has had one of the highest GDP growths in recent years, and is currently sitting on over $3 trillion in reserves.

https://www.coindesk.com/president-x...opt-blockchain
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  • #88
  • Oct 28, 2019 4:01am Oct 28, 2019 4:01am
Quoting TMR
The President of the People's Republic of China (Xi Jinping) just went all-in on Blockchain Technology. China is currently the country with the largest population on Earth, it has had one of the highest GDP growths in recent years, and is currently sitting on over $3 trillion in reserves. https://www.coindesk.com/president-x...opt-blockchain
Hi, TMR!
Woderful news for China!
Can you tell if this is a fundamental driver for the bitcoin and the alts ? Positive, negative?
Member
  • #89
  • Oct 28, 2019 4:29am Oct 28, 2019 4:29am
BTC 24-hour trade volume has recorded a new all-time high of $47 billion on October 26, 2019.
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  • #90
  • Edited 6:25am Oct 28, 2019 6:01am | Edited 6:25am
Quoting TudorIoan
{quote} Hi, TMR! Wonderful news for China! Can you tell if this is a fundamental driver for the bitcoin and the alts ? Positive, negative?
Just as I thought.
Roses are red and violets are blue, ...money isn't real, it's all made up... platitudes and clichés!
...but is it a fundamental driver the China blockchain law ?
Member
  • #91
  • Oct 30, 2019 2:24am Oct 30, 2019 2:24am
Quoting TudorIoan
{quote} Just as I thought. Roses are red and violets are blue, ...money isn't real, it's all made up... platitudes and clichés! ...but is it a fundamental driver the China blockchain law ?
Is legislation that regulates an asset the fundamental driver for that asset?

Let's take look at history.
From 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion. On January 1, 1975, these restrictions were lifted.
Was the legislation of 01/01/74 a fundamental factor for gold market?
The answer to this question and yours should be the same.
  • #92
  • Oct 30, 2019 7:40am Oct 30, 2019 7:40am
Quoting yg10
{quote} Is legislation that regulates an asset the fundamental driver for that asset? Let's take look at history. From 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion. On January 1, 1975, these restrictions were lifted. Was the legislation of 01/01/74 a fundamental factor for gold market? The answer to this question and yours should be the same.
Hi, Yogi!
Well, for me, driver means stimulus. It has positive connotation only.

China's cryptography laws laying a framework for a national digital currency.

So this is not necessary a positive driver for the private cryptocurrency market.
But it is surely a positive driver for the national fiat cryptocurrency market.
Now, what do you think TMR was exactly referring to when he started this thread, private or national fiat crypto ?

That's why I've asked what does he thinks about China's crypto laws.
Member
  • #93
  • Oct 30, 2019 5:09pm Oct 30, 2019 5:09pm
Quoting TudorIoan
{quote} Hi, Yogi! Well, for me, driver means stimulus. It has positive connotation only. China's cryptography laws laying a framework for a national digital currency. So this is not necessary a positive driver for the private cryptocurrency market. But it is surely a positive driver for the national fiat cryptocurrency market. Now, what do you think TMR was exactly referring to when he started this thread, private or national fiat crypto ? That's why I've asked what does he thinks about China's crypto laws.

Assuming the definition of driver
Quote
a factor that causes a particular phenomenon to happen or develop.
it is somewhat unclear why for you "it has positive connotation only"
and what in your interpretation of this word is "positive driver".
Even less clear is what your term "fiat crypto" means.

May I also remind you that government backed cryptocurrency and its market does not exist yet.
So your speculations about influence on its market have few if any sense.

And one more question to you. What is your problem with reading and reproducing 3 (three) character nick, mr. MaryStuart?
  • #94
  • Oct 30, 2019 5:23pm Oct 30, 2019 5:23pm
Quoting TMR
BTC 24-hour trade volume has recorded a new all-time high of $47 billion on October 26, 2019. {image}
Ehh, I dunno about that CMC volume.

It would be nice if there was a place to view volume data only from reputable exchanges (Coinbase, Kraken, Gemini, etc...).

No way this is real:

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  • #95
  • Nov 4, 2019 4:10am Nov 4, 2019 4:10am
Quoting cryptocow
{quote} Ehh, I dunno about that CMC volume. It would be nice if there was a place to view volume data only from reputable exchanges (Coinbase, Kraken, Gemini, etc...). No way this is real: {image}
CMC uses API's from the exchanges for the "reported" volume. It is the exchanges that are notorious for inflating their trade volumes.
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  • #96
  • Edited 7:26am Nov 4, 2019 4:29am | Edited 7:26am
Quoting yg10
{quote} Assuming the definition of driver {quote} it is somewhat unclear why for you "it has positive connotation only" and what in your interpretation of this word is "positive driver". Even less clear is what your term "fiat crypto" means. May I also remind you that government backed cryptocurrency and its market does not exist yet. So your speculations about influence on its market have few if any sense. And one more question to you. What is your problem with reading and reproducing 3 (three) character nick, mr. MaryStuart?
All false analogies and twisted BS...!

There is a fundamental difference between any private shitcoin and the prospective digital renminbi.
Is not the same thing as private gold and national gold ...which both are still fundamentally physical GOLD, a tradable commodity in the GOLD market.

Anyway, thank you for reminding me why I banned you, ...Yogi
Member
  • #97
  • Nov 4, 2019 3:24pm Nov 4, 2019 3:24pm
Quoting TMR
{quote} CMC uses API's from the exchanges for the "reported" volume. It is the exchanges that are notorious for inflating their trade volumes.
Exactly. There is a report by Bitwise Asset Management that explains the inflated volumes pretty well.
  • #98
  • Nov 4, 2019 10:22pm Nov 4, 2019 10:22pm
Quoting TudorIoan
{quote} All false analogies and twisted BS...! There is a fundamental difference between any private shitcoin and the prospective digital renminbi. Is not the same thing as private gold and national gold ...which both are still fundamentally physical GOLD, a tradable commodity in the GOLD market. Anyway, thank you for reminding me why I banned you, ...Yogi
Again no answers to questions asked. And your inability to answer was reason why you banned me you thread, ms. BloodyMary.



P. S. Strongly recommend you to read vocabulary for words "driver" and. "fiat". Really hope that you can do this. If it is hard for you, try one more time.
  • #99
  • Edited 10:55am Nov 6, 2019 10:21am | Edited 10:55am
Quoting yg10
{quote} Again no answers to questions asked. And your inability to answer was reason why you banned me you thread, ms. BloodyMary. P. S. Strongly recommend you to read vocabulary for words "driver" and. "fiat". Really hope that you can do this. If it is hard for you, try one more time.
Answer what, moron?
Oh, you flatter yourself, wanker?!?
You're just another pathetic hater, Yogi.
All twisted fallacies, boring, buzz off!

edit: Hey, Yogi! Don't check 'vocabulary', I'll help you, buzz means fuck, alright? Byeeeee
Member
  • #100
  • Nov 6, 2019 4:43pm Nov 6, 2019 4:43pm
Quoting TudorIoan
{quote} Answer what, moron? Oh, you flatter yourself, wanker?!? You're just another pathetic hater, Yogi. All twisted fallacies, boring, buzz off! edit: Hey, Yogi! Don't check 'vocabulary', I'll help you, buzz means fuck, alright? Byeeeee


Quoting yg10
{quote} Assuming the definition of driver {quote} it is somewhat unclear why for you "it has positive connotation only" and what in your interpretation of this word is "positive driver". Even less clear is what your term "fiat crypto" means. May I also remind you that government backed cryptocurrency and its market does not exist yet. So your speculations about influence on its market have few if any sense. And one more question to you. What is your problem with reading and reproducing 3 (three) character nick, mr. MaryStuart?
So questions were:
1. Why do think that word "driver" has positive connotations.
2. How that may be a factor for currency that does not exist yet?
3. Why you can not correctly read 3 character word/

I think that those questions should clearr for anybody but Mrs. Stuart our micro genius (or rather nano genius).

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