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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Xavofat
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January 05, 2019, 01:34:42 AM |
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It really depends what you would call fundamentals. Bitcoin doesn't have the same "fundamentals" that investors would consider when talking about a business, so it's a bit difficult to decide what Bitcoin's equivalent might be.
Arguably aspects of it like transaction fees and mining difficulty aren't really fundamentals because the underlying system is the same, in which case what is there left to analyse?
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franky1
Legendary
 Offline
Activity: 4214
Merit: 4470
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January 05, 2019, 02:30:11 AM |
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fundementals
like bitcoins original ethos
was:
'own your own funds'
now:
custodial
exchanges
LN vaults
sidechain vaults
was:
'open barrierless'
now:
increased fee's barriers some users
transaction per block limits
preference to divert transactions off bitcoin
was:
'electronic cash'(medium of exchange)
now:
'store of value'
other pegged networks/services to handle 'medium of exchange'
bloated transactions for smart features that are not simple plain 'cash transfer' concept
preference to divert 'cash' transactions off bitcoin network
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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ShadowBits
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January 05, 2019, 11:55:29 AM |
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As the day I see it there are a lot of good news that are coming out the market everyday, but I guess it is not enough to make Bitcoin grow for now. |
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millionaireshs
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Activity: 353
Merit: 12
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January 05, 2019, 02:03:47 PM |
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Bitcoin value of price is still weak but popularity is only fundamental for Bitcoin being strong and still stand despite of all negative result for the whole year from 2017 to 2018. |
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funchiestz
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January 05, 2019, 02:07:58 PM |
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Last year, very good news, but the price continued to fall. I think the Bitcoin price has nothing to do with these arguments. Let's wait a bit more. |
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zenrol28
Copper Member
Full Member
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Activity: 854
Merit: 110
Give Hope For Everyone!
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January 05, 2019, 02:29:56 PM |
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Lower numbers have different meaning, it depends on who is looking on them. There are some already panicking and some are just chilling and saying "just like before". Having huge numbers just because of hype is much worse than having low records but in track.
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Oilacris
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January 05, 2019, 02:43:14 PM |
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Fundamentals and Technicals are always in tandem when it comes to either Bitcoin or talking to the entire market prices but these things doesn't give assurance or guaranteed if it would be stronger or weaker.Basing on Last year responses to news even bullish ones it didn't really make some significant impact or simply not a big deal. |
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franky1
Legendary
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Activity: 4214
Merit: 4470
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January 05, 2019, 02:49:05 PM |
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a topic of bitcoin fundamentals.... and many end up just talking about price.................
maybe its not the fundamentals that are weaker or stronger
but the PEOPLES understanding of what a fundamental of bitcoin is, that is weaker
EG
was:
a currency choice to escape from fiat
now:
a currency choice to use for a bit and then escape back to fiat with more fiat
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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clrpod
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January 05, 2019, 03:05:57 PM |
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Price is separate from bitcoin's fundamentals because nowhere when bitcoin was created was there mention of how it should be a good investment and generate fiat profit. Fundamentally bitcoin is meant to be a decentralized method of transacting, I measure that by how feasible it is to use bitcoin. For me that comes down to acceptance and efficiency. I think overall they're steadily improving but a lot more could be done. Fees are still too high and often times transactions too slow and acceptance is still a long way short of its true potential.
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GIGZI INDEPENDENT WEALTH MANAGEMENT Crowdsale Starts on 23rd November 2018 |
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jhongzjhong
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https://bmy.guide
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January 05, 2019, 03:50:17 PM |
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Applying fundamental analysis is probably that is based on the traders and investors, it also typically involves the practice of evaluating the markets trends. Since Bitcoin is decentralized we don't know in which way fundamentals getting through in a stronger way or in a weaker way which causes the price dragging down. For me, the word "fundamentals" here which means to gain insight into the real value of the currency. |
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geminiboy
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https://ammut.network/
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January 05, 2019, 05:04:40 PM |
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Last year, very good news, but the price continued to fall. I think the Bitcoin price has nothing to do with these arguments. Let's wait a bit more. how much we wait there is no size, only with trust that can wait even longer, bitcoin will be better but there is no definite time when that will happen |
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pixie85
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January 05, 2019, 05:21:08 PM |
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It really depends what you would call fundamentals. Bitcoin doesn't have the same "fundamentals" that investors would consider when talking about a business, so it's a bit difficult to decide what Bitcoin's equivalent might be.
Arguably aspects of it like transaction fees and mining difficulty aren't really fundamentals because the underlying system is the same, in which case what is there left to analyse?
It's not that hard to define Bitcoin fundamentals. Technicals concentrate on the price, volume, capitalization. Fundamentals measure use cases, recognition, popularity, adoption, development and many other things. Addresses and wallets, mined coins, network speed, laws in various countries, institutional interest. All these things continue to grow so we can say that fundamentals are getting stronger. |
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YuKiang
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January 05, 2019, 05:24:51 PM |
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Bitcoin returns to its fundamental price. And I think there should be a special change in the adoption of bitcoin by the world community, in order for bitcoin to start growing.
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babysweetTiger0401
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January 05, 2019, 05:41:58 PM |
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So far bitcoin was still in stage of recovering, I cannot say that bull run is happening now. Well As I can see it now, we need to extend our patience to hold it in a long term guys. It may takes more months before bull run starts on this year 2019.
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Dondont
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BitbondSTO.com | Germany’s First STO
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January 05, 2019, 05:43:58 PM |
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fundamentally we should not be able to count in a period of 2 weeks, it is too short and if we are forced to look in that scope, we cannot monitor it fully. just wait until the end of Q1 2019 and then we will definitely be able to see how the fundamentals are going forward |
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Sylfaen
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January 05, 2019, 06:04:37 PM
Last edit: January 05, 2019, 06:21:42 PM by Sylfaen |
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Well, I follow Bitcoin only since early 2017 but fundamentals (in equity you use quantitative and qualitative metrics) which are (directly or indirectly impacting Bitcoin) in my opinion: Thanks to Jameson Lopp and Willy Woo 2018 commits & contributors : Bitcoin 3274 , LND 3050 Bitcoin Lightning evolution + Blockstream Satellite launch Google scholar articles mentioning bitcoin in 2018 : 14,400 (from 136 in 2010, 4'680 2015) Segwit adoption near 50%: https://transactionfee.info/charts/payments/segwit ( full SegWit adoption will bring blocks up to 2-4 mb range ?) Mining difficulty strongly trending upward + GEForce GTX 1080 out of stock Blockchain industry Venture capital funding in 2018: 3B USD from 0.8B in 2017 and 0.3B in 2014 Growth rate of Bitcoin reddit subscribers +61% in 2018. FIO Protocol evolution : https://fio.foundation/ for a killer app, user friendly/mass adoption? Guys like Spencer Bogart, Pantera Capital, Mike Novogratz, Tom Lee, Anthony Pompliano, Tim Draper putting huge ressources on it. (Yes they are speculators I know, but speculators also help providing blood to the bitcoin's heart. Tony Robbins also talking about it Crypo ATM market doubled in 2018. Can book 550K hotels in 210 countries in the world using Bitcoin : https://Travala.comGuys like Andreas Antonopoulos, Erik Voorhees, Max Keiser supporting and educating us about Bitcoin on a daily basis. Maybe the price overshooted fundamentals in december 2017 but they seem improving not deteriorating. Sure for now sentiment is a strong "fundamental". Well I could write a book with all the Bitcoin direct on indirect fundamentals, ho thanks to the The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammou. Hope they are getting stronger. "Every year Bitcoin survives, it demonstrates the resilience and robustness of the protocol, market, and industry that supports it." |
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xuv500
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Activity: 406
Merit: 11
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January 05, 2019, 06:10:46 PM |
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So far bitcoin was still in stage of recovering, I cannot say that bull run is happening now. Well As I can see it now, we need to extend our patience to hold it in a long term guys. It may takes more onths before bull run starts on this year 2019.
Yes, we can see a clear view on the value of BTC is very far away from what it was in 2017, we need to wait patiently for few months also the bakkt launch might change the value of BTC. however at this moment we can judge that bull run is impossible. |
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Halmater
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January 05, 2019, 07:07:11 PM
Last edit: January 05, 2019, 08:09:46 PM by Halmater |
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The meaning of bitcoin and what it exactly offers to people have changed a lot in the first decade of bitcoin. Since fundamentals also have been changed, we can say that most of them do not say the same thing. If bitcoin gain more power on traditional markets, fundamentals may have more power, create their own agenda, and make original ideas of bitcoin be discussed on the internet. Reaching this level may take one more decade but there are many people who don't forget the idea of barrierless electronic cash.
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figmentofmyass
Legendary
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Activity: 1652
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January 06, 2019, 01:35:22 AM |
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fundementals
like bitcoins original ethos
was:
'own your own funds'
now:
custodial
exchanges
LN vaults
sidechain vaults the notion of custodial exchanges isn't new at all. mt gox was used as a massive online wallet back in 2010-2014. exchanges were exit scamming left and right back in those days. you also know damn well that LN and sidechain contracts do not involve 3rd party custody.  was:
'open barrierless'
now:
increased fee's barriers some users
transaction per block limits
preference to divert transactions off bitcoin remind me, when were cheap/free transactions ever part of the design? hal finney cogently pointed out the scaling shortcomings very early on, though we now know he could have been more imaginative than "bitcoin banks": Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases. was:
'electronic cash'(medium of exchange)
now:
'store of value'
other pegged networks/services to handle 'medium of exchange'
bloated transactions for smart features that are not simple plain 'cash transfer' concept
preference to divert 'cash' transactions off bitcoin network
was "money". still "money". |
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