Visualising bitcoin’s economic output II; Highest density of bitcoin payments made by retail sector. Oct 29, 2019 | James Bennett | network-value network-activity on-chain bitcoin value-heat-maps

This is the second part in a trilogy about visualising bitcoin’s economic output. We recommend reading part I first to understand the context, which you can find here. In part two we analyse the transaction value heat maps in more detail to highlight the main types of actors contributing to the Bitcoin Economy.

Bitcoin Velocity Urges Caution Oct 18, 2019 | Charlie Morris | network-health velocity bitcoin

Bitcoin’s network velocity has been falling. This means that network activity has been slowing, which has historically been associated with price weakness. Velocity shows you how quickly the coins are circulating within the network. When velocity is high, say 1000%, it means an average bitcoin is circulating 10 times per year. At 450%, it is circulating 4.5 times per year. This is an average network measure, and since many coins rarely move, others are circulating at a rapid rate. ByteTree 12-week velocity calculates the coins spent (transacted net of change) on a weekly basis, averaged over 12 weeks, and expressed on an annualised basis.

Visualising bitcoin’s economic output I; Introducing the transaction value heat maps Oct 14, 2019 | James Bennett | network-value network-activity on-chain bitcoin value-heat-maps

This is the first part of a trilogy about visualising bitcoin’s economic output. In this article we give a brief overview of Bitcoin’s economy, introduce the transaction value heat maps and explain how you can interpret them.

Tracking the Health of the Bitcoin Network with Six Fundamental Indicators Sep 28, 2019 | Charlie Morris | bitcoin price network-value trading-strategies

ByteTree provides essential information for bitcoin investors. A blockchain’s value is determined not by the beauty or complexity of its code or vision, but from the network (or economy) it creates. For example, the price of bitcoin is correlated to many things related to its network, such as Google searches, the number of wallets, or the hash rate. These things will rise with the price because they reflect traction, even if they may be at an arm’s length. On-chain metrics are the most direct and timely way to measure network activity, and the results speak for themselves.

Bitcoin trading at 35% premium to fair value Sep 6, 2019 | James Bennett | fair-value nvt bitcoin network-value blockchain

Bitcoin currently trades at a 35% premium to its fair value, despite a short-term surge in on-chain TX volume. Fair value is a measure of the price attributable to each bitcoin, relative to its utility as a global settlement network. We detailed the fair value in an earlier post, but in short it is calculated as follows: