ByteTree News, Notes and Updates
The Network Value to Transaction Ratio
Aug 23, 2019 | James Bennett |
The Network Value to Transaction ratio (NVT) is one of the most important metrics in valuing public blockchain networks. The NVT measures the value of the network relative to its utility as a payment network. The ratio is derived through the following formula;
Monitoring miner inventories
Aug 16, 2019 | James Bennett |
We can measure miner inventories by looking at the difference between the number of coins generated over a period, and those spent. This is calculated using the following formula:
Is Bitcoin the new gold, an escape from China or a tech stock?
Aug 9, 2019 | Charlie Morris |
There is often chatter about Bitcoin’s link to gold. Given it was built around the idea of gold, that’s not surprising. More recently, the fall in the Chinese Renminbi is claimed to be a driver for the recent surge in Bitcoin. After all, a billion Chinese people supposedly want to get their money out of the country, and Bitcoins will do that at the touch of a button. I will show you that these links have some merit, just not that much. There is, however, another comparison that works like a treat. It turns out that Bitcoin has more in common with tech stocks than anything else. I’ll go through each in turn.
Bitcoin's weekday bias - Network activity drops at weekends
Aug 7, 2019 | James Bennett |
All the analysis we do at ByteTree is either in daily or weekly periods. You won’t see us using a 5 day, 30 day or even 90 day moving average because of the weekly bias evident in bitcoin’s on-chain activity.