Bitcoin & Markets 1/26/18
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New to bitcoin? Looking for more info? Do your own research! Start here.
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and here
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Run a Full Node.
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Disclaimer: This is not investment advice, do your own research, this is all psuedoscience.
Sources below.
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PRICES
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Bitstamp: $10,454 / 1 finney: $1.04
Mayer Multiple: Spot/200 MA ($7503) = 1.4
3M BTC Settled Futures (Mar): $10,700 / spread: + $250 or 2.3%
CME Futures: Jan18 $10,345 / Mar18 $10,345 / Jun18 0 vol (1)
Bitmex Futures: Mar18 $10,677 / Jun18 $11,130
Futures are not manipulating this price. 139 contract (695 coins) open interest on the contracts expiring today. 144 (720 coins) offset positions today.
Self fulling prophecy.
MARKET SIZE and TRANSACTIONS
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Market Cap: $177 B
Global Bitcoin MC: $514 B
Maximalist Price: $30,386
USD value tx'ed on-chain /24h: $2.1 B
Avg tx Val /24h: $8,974
SECURITY
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Difficulty: 18% increase yesterday. est. 1% to +9% in 12 days (2)(3)
FEES
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Mempool: 10MB, ~15 sat/b (4)(5)
105MB if you measure everything
Lightning scared the spammers. What I said about the spammers pushing lightning forward.
DEVELOPMENT
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Merged PRs: 18 merged PRs and 18 closed issues (6)(7)
Lightning Network: 3.2 btc capacity, 662 open channels, ? nodes - ? channels/node (8)(9)
OTC VOLUME
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Localbitcoins: $131M/wk then a weird week of $66M
Paxful: $11M/wk ATH then a weird week of $5M
LedgerX: $1.2M/wk (10)
Gemini Auction: $11M/wk (11)
Total public OTC data: $156.2M/wk
PSA: Support p2p exchanges like https://bisq.network/. Not free from privacy concerns.
http://otcbtc.com/
NEWS
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Explained the metrics
On the Bitcoin News Show
https://www.youtube.com/watch?v=dHwfMYJ35Mk&t=5838s
many of the topics today can be tied into privacy
Talk about Lightning.
Dollar, Syria, stocks and bonds.
Substatum is probably like 95% of ICOs
https://medium.com/@YagamiLight/the-technical-red-flags-of-the-substratum-network-sub-1f34e8b5ffcb
Saving the stock market or the dollar
SOURCES
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1. CME futures: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html
2. Network stats: http://fork.lol/pow/retarget
3. Difficulty: https://cryptothis.com/diff/
4. Real time fees: https://tradeblock.com/bitcoin/
5. Visualization: https://jochen-hoenicke.de/queue/#3m
6. Bitcoin github stats: https://github.com/bitcoin/bitcoin/pulse
7. Ranking: https://www.coingecko.com
8. LN capacity: https://p2sh.info/dashboard/db/lightning-network?orgId=1
9. LN nodes: https://lnmainnet.gaben.win/#
10. LedgerX: http://data.ledgerx.com/
11. Gemini Auction: https://gemini.com/auction-data/
LINKS
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(a) Lightning apps: http://dev.lightning.community/lapps/index.html
FOLLOW
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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!
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Music by Joakim Karud and KVN
