How do you go about doing a fundamental analysis on bitcoin?

[HookahSmokingCaterpillar]

With stocks you have financial statements and SEC filings and calculations for many helpful ratios, so as I am new to bitcoin I am curios as to how one might proceed in conducting fundamental analysis on bitcoin (or any crypto/ICO etc.)? 

[mobnepal]

Analyzing crypto market is pretty hard than usual forex trading. You have to go through social media and telegram channel of each and every coin/ICO to know hype/announcement that can have really huge effect on market. There is not many platform that do fundamental analysis of each and every coin and the one that exist don't have full info about every coin.

Coinmarketcap.com and few media outlets like cointelegraph, coindesk and newsbtc can help you out to find latest happenings on crypto space so that you can make your own technical analysis for crypto market.

[HabBear]

GREAT QUESTION!

You can't.

Fundamentals for stocks don't exist for currencies. Bitcoin doesn't have revenue or expenses or earnings or debt, each of which is a core criteria of "fundamental analysis".

Since Bitcoin is a currency we must try to compare it to the fundamental analysis conducted on fiat currencies. Here's a good article on the fundamentals of forex.

These fundamental analysis criteria are economic indicators - GDP, Consumer Price Index, Retail Sales, and Industrial Production. The challenge is that these apply to a country, the country that controls the currency being analyzed. Obviously Bitcoin doesn't have a control country...so...even more difficult to use fundamental analysis on Bitcoin.

This is a good question, we should continue to discuss what criteria could be applied.

[whitemacna]

These data are unrelated to cryptoasset fundamentals, and seek to ... too fast as price goes up, an asset price has to go to either infinity or zero.

[hatshepsut93]

To perform fundamental analysis for Bitcoin you need to take into account things like it's current and expected adoption rate, roadmap of technical improvements (for example, Lightning Network might significantly boost the price, or maybe we're having current rally thanks to it as it is already priced it), economic situation in the world, Bitcoin's legal status and some other things. In Bitcoin the magnitude of effect is extremely important - not so long ago people panicked like crazy because "China banned Bitcoin", but the trend quicky reversed and the price now is more than 2 times higher. This means that the influence of Chinese exchange closure was not strong enough to crash the market and other factors were stronger. But in general, I believe that any Bitcoin analysis is very weak in short term because the price is influenced by speculators and very rich investors, so it's quite unpredictable. It's better to follow the long term trends like general interest in cryptocurrency from population, especially as currency/store of value and not just speculative investment.

[jseverson]

The cryptocurrency market is largely speculative. That means it would be near impossible, if not outright possible to form fundamental analysis.

What you have to consider is that cryptocurrency prices are driven pretty much solely by demand, and that's pretty much impossible to accurately quantify. You can guess that certain events can cause prices to increase or drop, but there's no way to know how much. This lack of certainty is what's causing fear among hardcore investors. It could double or crash to zero pretty much any given moment.

[SysFailure0x5a]

With stocks you have financial statements and SEC filings and calculations for many helpful ratios, so as I am new to bitcoin I am curios as to how one might proceed in conducting fundamental analysis on bitcoin (or any crypto/ICO etc.)? 

First of all, this is more like ForEx than regular stock. The entire global situation impacts bitcoin, not just one country or one industry.