"Hello WCN and Bitcoin Fundamentals" - 2/26/2018

Bitcoin & Markets 2/26/18--------------------New to bitcoin? Looking for more info? Do your own research! Start here. http://bitcoinandmarkets.com/resources and here https://bitcoin.org Run a Full Node. -- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets or to donate bitcoin, litecoin or paypal http://bitcoinandmarkets.com/donate -- **Disclaimer: This is not investment advice, do your own research, this is all psuedoscience. Sources below. -------------------- Hello WCN! PRICES -------------------- Bitstamp: $9747 / 1 finney: $0.97 Mayer Multiple: Spot/200 MA ($8569) = 1.1 (1) 3M BTC Settled Futures (Mar): $9581 / spread: - $150 or 1.7% CME Futures: Mar18 $9,590 / Jun18 $9,420 (2) Bitmex Futures: Mar18 $9660 / Jun18 $9736 The market seems to be in an equilibrium around $10k. There's a lot of consolidation happening. MARKET SIZE and TRANSACTIONS -------------------- Market Cap: $165 B Dominance Index: 100% lol Global Bitcoin MC: $433 B NVT (Network Value/Transaction): 100.65 (3) Maximalist Price: $25,698 USD value tx'ed on-chain (24h): $0.75 B Avg tx Val (24h): $5107 I don't really buy the NVT hypothesis as a P/E ratio for bitcoin totally. But I'll include it here for now. SECURITY -------------------- Difficulty: est. +4% to +7% in 7 days (4)(5) FEES -------------------- Mempool: 30MB, ~14 sat/b (6)(7) We will see more efforts to encourage spending by entreprenuers. DEVELOPMENT -------------------- Merged PRs: 11 merged PRs and 11 closed issues (8)(9) Lightning Network: 3.8 btc capacity, 1482 open channels, 883 nodes - 1.67 channels/node (10)(11) OTC VOLUME -------------------- OTC volume from my sources has fallen hard back to Sept levels. The price explains this, because the number of bitcoins traded is about the same. This is more of a retail investor number, and there's new competition for local bitcoins. GOOGLE TRENDS (14) -------------------- We are lower on google trends again. On a year chart, the term "bitcoin" is at 25 for the most current week. This is out of 100, being the most searched week in the last year. NEWS -------------------- The feeling in bitcoin has changed a little bit imo. Altcoin exuberance has been tempered. Bitcoin HODLers are patient. Bitcoin Core 0.16.0 RC4 https://github.com/bitcoin/bitcoin/blob/v0.16.0/doc/release-notes.md The battle of smart contract platforms is starting. https://twitter.com/AnselLindner/status/966813921129697286 Petro scandal https://www.coindesk.com/petro-debut-learned-venezuelas-cryptocurrency-today/ Now Turkish Crypto? https://www.coindesk.com/turkish-lawmaker-proposes-national-cryptocurrency-creation/ Russia, Venezuela, Turkey, etc etc etc. Very bullish for the reserve currency, bitcoin. SOURCES -------------------- 1. Mayer Multiple: http://mayermultiple.com 2. CME futures: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html 3. Network Value to Transaction Ratio: http://charts.woobull.com/bitcoin-nvt-ratio/ 4. Network stats: http://fork.lol/pow/retarget 5. Difficulty: https://cryptothis.com/diff/ 6. Real time fees: https://tradeblock.com/bitcoin/ 7. Visualization: https://jochen-hoenicke.de/queue/#3m 8. Bitcoin github stats: https://github.com/bitcoin/bitcoin/pulse 9. Ranking: https://www.coingecko.com 10. LN testnet: https://explorer.acinq.co/#/ 11. LN nodes: https://lnmainnet.gaben.win/# 12. LedgerX: http://data.ledgerx.com/ 13. Gemini Auction: https://gemini.com/auction-data/ 14. Google trends "bitcoin": https://trends.google.com/trends/explore?q=bitcoin FOLLOW -------------------- Host: @AnselLindner https://twitter.com/AnselLindner Show: @btcmrkts https://twitter.com/btcmrkts We're on YouTube! https://www.youtube.com/c/bitcoinandmarkets THANK YOU LISTENERS! -------------------- Music by Joakim Karud and KVN