Bitcoin Forum
December 05, 2022, 04:45:02 AM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Explain  (Read 847 times)
critmass (OP)
Jr. Member
*
Offline Offline

Activity: 81
Merit: 9


View Profile
September 07, 2011, 06:32:38 PM
 #1

I've read several people say, "The fundamentals are solid".  I don't have any idea what fundamentals these people are talking about.  So, if someone could try to enlighten me, that would be great.
1670215502
Hero Member
*
Offline Offline

Posts: 1670215502

View Profile Personal Message (Offline)

Ignore
1670215502
Reply with quote  #2

1670215502
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1670215502
Hero Member
*
Offline Offline

Posts: 1670215502

View Profile Personal Message (Offline)

Ignore
1670215502
Reply with quote  #2

1670215502
Report to moderator
1670215502
Hero Member
*
Offline Offline

Posts: 1670215502

View Profile Personal Message (Offline)

Ignore
1670215502
Reply with quote  #2

1670215502
Report to moderator
1670215502
Hero Member
*
Offline Offline

Posts: 1670215502

View Profile Personal Message (Offline)

Ignore
1670215502
Reply with quote  #2

1670215502
Report to moderator
bitcon
Legendary
*
Offline Offline

Activity: 2212
Merit: 1008


www.cd3d.app


View Profile
September 07, 2011, 06:34:17 PM
 #2

christian fundamentals

ArsenShnurkov
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000



View Profile
September 07, 2011, 06:39:58 PM
 #3

christian fundamentals

No, they are Islamic fundamentals, because
We have Islamic Bank of Bitcoin,
but doesn't have Christian Bank of Bitcoin
Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2384


Viva Ut Vivas


View Profile WWW
September 07, 2011, 07:33:40 PM
 #4

I've read several people say, "The fundamentals are solid".  I don't have any idea what fundamentals these people are talking about.  So, if someone could try to enlighten me, that would be great.

The fundamentals are the basic premise of Bitcoin.

The basic concept of having a distributed currency maintained by miners with an increasing difficulty as the BTC market expands.

The concept is solid.

Just because there may be companies or personalities that come and go that disrupt it does not mean that the fundamentals are not solid, just that some people and companies are not.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1004


View Profile
September 07, 2011, 08:07:04 PM
 #5

 - http://en.wikipedia.org/wiki/Fundamental_analysis
There is so little information about Bitcoin's "fundamentals" that can be gleamed.   Even the basics, such as "how many bitcoins were spent in the past 24 hours" are nearly impossible to even estimate.  There is a raw number showing the number that transferred but that includes change transactions so even that most basic of all metrics needs some subjective analysis before a usable number is available.  

Charting the data might show trends that are useful and somewhat accurate   ... such as, the number of transactions per day
 - http://pi.uk.com/bitcoin/charts/n-transactions

There are fuzzy metrics, such as the number of merchants on the Bitcoin trade page that will show if Bitcoin is gaining traction.  There are many who rely on even less relevant metrics, such as the Google trends search volume numbers.

If the market is always right, then the metric that shows bitcoin's health is the current exchange rate.  Right now the market believes that Bitcoin digital currency is worth currently a little over $50 million, though the reason each participant holds bitcoin and doesn't sell at the current price will vary from one individual to the next.  The take away is that bitcoin is unlike nearly any other asset class ever seen.  Determining its value will be an exercise that is even more difficult than most any other.

Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


d'aniel
Sr. Member
****
Offline Offline

Activity: 461
Merit: 251


View Profile
September 07, 2011, 09:15:07 PM
 #6

- http://en.wikipedia.org/wiki/Fundamental_analysis
There is so little information about Bitcoin's "fundamentals" that can be gleamed.   Even the basics, such as "how many bitcoins were spent in the past 24 hours" are nearly impossible to even estimate.  There is a raw number showing the number that transferred but that includes change transactions so even that most basic of all metrics needs some subjective analysis before a usable number is available.  

Charting the data might show trends that are useful and somewhat accurate   ... such as, the number of transactions per day
 - http://pi.uk.com/bitcoin/charts/n-transactions

There are fuzzy metrics, such as the number of merchants on the Bitcoin trade page that will show if Bitcoin is gaining traction.  There are many who rely on even less relevant metrics, such as the Google trends search volume numbers.

If the market is always right, then the metric that shows bitcoin's health is the current exchange rate.  Right now the market believes that Bitcoin digital currency is worth currently a little over $50 million, though the reason each participant holds bitcoin and doesn't sell at the current price will vary from one individual to the next.  The take away is that bitcoin is unlike nearly any other asset class ever seen.  Determining its value will be an exercise that is even more difficult than most any other.
I'm also thinking a statistical analysis of the address balances could be useful here.  E.g. median or mode (binned data) plotted against time could give you a sense of how the number of users is changing, skewness could give you a sense of diffuseness of the bitcoin distribution, etc.

Do you know if anyone has done this?

Of course if any of these become widely used for valuation then people would start gaming them.  It might be possible to get really creative with statistics and graph theory and detect this, though.  Who knows.
rebuilder
Legendary
*
Offline Offline

Activity: 1615
Merit: 1000



View Profile
September 07, 2011, 09:20:19 PM
 #7

"Fundamentals" is an ambiguous term here. What I take that statement to mean is that the basic, technical functioning of the system has not been compromised. In other words, if there is demand for a decentralized, pseudonymous digital currency, Bitcoin remains capable of catering to that demand. What that means in terms of growth potential remains to be seen.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!