If you were to look at the decline in the price of Bitcoin over the past year, it would be tempting to interpret this as a sign that the fundamentals have weakened rather than gotten stronger.
But is this actually the case? What data is available for us to analyse the real fundamentals? That's what we'll be covering in this video.
Crypto Merch Link: https://www.moonmerch.co/
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
▲▲▲▲▲ Looking to get started with cryptocurrencies? Check out my crash course here: https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
To me Bitcoin fundamentals are the number of active wallets, the number of transactions, and the ubiquity of commerce opportunities. All of these factors will be driven by market awareness and sentiment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In addition, the amount of capital investments made around the concept of blockchain and cryptocurrencies over the past year will lead to an improvement in key areas like custody, security, and interface which will have downstream impacts of adoption. This will lead to better demand as it proliferates!
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree fundamentals are getting stronger. I believe that compared to december 2017, actually the amount of experienced / technical people that endorsed bitcoin have increased. Just my thoughts! Cheers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
*XRP Is The Future
.gif)
*Once In Lifetime Opportunity
*You Will Not Forget This
*Do Your Own Deep Research Before Invest Anything In Something
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is always stronger no doubt.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @louisthomas! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I feel the fundamentals in terms of store of value are becoming stronger - somewhat ironic I know given the price decline but the fundamentals as a digital currency getting slightly weaker.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit