Bitcoin & Markets 3/19/18
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**Disclaimer: This is not investment advice, do your own research.**
All sources at below.
PRICES
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Bitstamp: $8500 / 1 finney: $0.85
Mayer Multiple: Spot/200 MA ($9157) = 0.92 (1)
3M BTC Settled Futures (Jun): $8514 / spread: $0 or 0% - (Mar): $8457 / spread: -$50 or 0.5%
CME Futures: Mar18 $8485 / Jun18 $8430 (2)
Bitmex Futures: Mar18 $8465 / Jun18 $8478
MARKET SIZE and TRANSACTIONS
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Market Cap: $144 B
Dominance Index: 100%
Global Bitcoin MC: $327 B
NVT (Network Value/Transaction): 159 (3)
Maximalist Price: $19,320
USD value tx'ed on-chain (24h): $7.46 B
Avg tx Val (24h): $40.0k
SECURITY
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Difficulty: est. +3.5% in 12 days (4)(5)
We just had another healthy difficulty retarget of +5.23%. I estimate it costs an avg of $6-7k to mine a bitcoin in the US.
https://www.marketwatch.com/story/in-one-chart-heres-how-much-it-costs-to-mine-bitcoin-in-your-state-2017-12-15
FEES
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Mempool: <1MB, ~1 sat/b (6)(7)
Avg block size has been really low, at 515 Kbs yesterday. Still had a block that was ~2MB. Batching, input selection, etc.
DEVELOPMENT
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Merged PRs: 39 merged PRs and 22 closed issues (8)(9)
Lightning Network: 4.6 btc capacity, 1839 open channels, 865 nodes - 2.1 channels/node (10)(11)
GOOGLE TRENDS (14)
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20 of a 100. Steady for the last 3 weeks. On the 30 chart, there's been a higher high. Perhaps a turn around.
NEWS
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Gox coins are still over hanging the market. No movement. http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html
440,000 bcash owned by one wallet
https://twitter.com/BTC4USD/status/974484660301565952
https://bitinfocharts.com/bitcoin%20cash/address/19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k-full
EOS moving Ethereum
https://twitter.com/WhalePanda/status/975382920373338112
Szabo tweet
Defense is cheaper than offense
https://twitter.com/NickSzabo4/status/974368975810265088
G20, Japan, Carney letter, next bubble
https://www.coindesk.com/financial-stability-board-downplays-crypto-impact-on-global-finance/
US Congress looks favorably on bitcoin. Page 201.
https://cointelegraph.com/news/us-congress-includes-crypto-in-its-joint-economic-report-for-the-first-time
REGULAR SOURCES
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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://bitcoinwisdom.com/bitcoin/difficulty
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
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Host: @AnselLindner https://twitter.com/AnselLindner
Show: @btcmrkts https://twitter.com/btcmrkts
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THANK YOU LISTENERS!
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Music by Joakim Karud and Choys
