Don't Panic or: How I Learned to Stop Worrying and Love Bitcoin

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Kong Rides the Bomb

If you are freaking out about the current state of affairs between Bitcoin Core and Unlimited here is some information to calm you down.

First, take a look at the 200 day Exponential Moving Average (dark red line) this does a good job of getting rid of the short term variability and shows you the long trend.

bitcoin 200 20170320.PNG

Although, there is no good formula to calculate if a cryptocurrency is over or under valued (please correct me if I am wrong). We can assume that if it is overvalued we should see less transactions (the dip at the end of the next chart is because it does not include an entire day).

daily bitcoin transactions.PNG

Third, the total value of those transactions should be declining.

daily value of bitcoin transactions.PNG

Forth, the two charts above indicate that transaction fees are not a problem since people are willing to pay for them.

In short stop worrying and love your bitcoin.

If you want to see someone much smarter than I explain this take a look at this video from The Dollar Vigilante:

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This post has been ranked within the top 25 most undervalued posts in the first half of Mar 21. We estimate that this post is undervalued by $7.75 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Mar 21 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

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