FUTURES – NETWORK STATS – MINING – MARKET SIZE – SOFTWARE – LIGHTNING
In addition to the usually Bitcoin fundamental analysis, in this episode I discuss the gold market and price. What’s the future have in store for sound money like bitcoin and gold?
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Price: $6717 | 1 finney: $0.67
Daily 200 SMA: $8917
Mayer Multiple: 0.75
Okex Futures: (Sep) $6742 (spread $25)
CME Futures: (Jul) $6715 (Sep) $6725 (open interest 2,850 / 14,250 btc)
Bitmex Futures: (Sep) $6714 (Dec) $6722
Longs / Shorts: 34,500 / 24,100 (1.44)
In general, I’m 5 year bullish, 20 year bearish
Above a long term support line back from 2009 through 2016 lows, 2017 lows
Below $1375 resistance.
Ascending triangle is usually bearish
Central banks will go to a gold backed crypto.
I’d expect range bound until sovereign debt crisis
There’s a new theory about China controlling the gold price and pegging it to the CNYUSD price.
Bloomberg Crypto reserve regulation
MARKET – TXS
Market Cap: $115 B
Global Bitcoin MC: $271 B
Maximalist Price: $15,800
On chain vol (24h): 1.2 mil btc ($8.2B)
Avg tx val (24h): 5.52 btc ($37 k)
Median tx Val (24h): 0.065 btc ($435)
Difficulty: est. -3.54% (last 3: 5%, 2%, 15%)
Mining profitability: $0.34 THash/day
Blockchain size: 206 GB
Median on chain fee: $0.14/tx
We’ve seen a slight uptick in the mempool
1.5mb of 1 sat/b txs pending.
Bcash has been 20% less profitable for 3 weeks, sometimes 30%
ASICBoost can be 25% according to Dr Adam Back. https://medium.com/@jimmysong/mining-profitability-and-asicboost-ffdb779ef6dd
Merged PRs : 29
Closed issues : 22
Capacity: 80 btc
Max channel capacity is 0.16 btc.
Some guy that owns shitcoin.com a Bcasher maybe, has put in like 40 btc. It might be an attack, or used to FUD.
12 Mo. : 9 /100
30days : 65 /100
Trend : Both these time periods are showing reduced interest again. There has been a frenzy of media lately around Trump, so that could explain it, but this isn’t good for this rally. Be careful for the effects of FUD. Overly bullish out there.
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Music by Joakim Karud and ChinBeatz
**DISCLAIMER: This is not investment advice, do your own research.**