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Hong Kong Protests Could Boost Bitcoin as Wealthy Move Assets Offshore

Bitcoin could be boosted by the current political unrest Hong Kong as the upper and middle classes are reportedly starting to move their assets offshore.


Hong Kong Begins Moving Wealth Offshore

Fears over the hated extradition bill, whose introduction the Hong Kong government has only suspended but declined to withdraw, are causing the wealthy to start moving their capital from Hong Kong to offshore.

People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.

hong kong

In protest, Hongkongers have been staging massive street demonstrations for several days, with varying degrees of violence. These demonstrations have caused widespread alarm, particularly for both government and business.

On June 10, 2019, the US State Department warned that “the amendments could damage Hong Kong’s business environment and subject our citizens residing in or visiting Hong Kong to China’s capricious judicial system.”

Moreover, the city is already suffering from liquidity problems, fueled in part by the China-U.S. trade war. Many now fear that if the extradition bill passes, it will increase capital outflows, thus further reducing liquidity.

As a consequence, rich people are now focusing on how to move their wealth offshore. According to Reuters,

Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions.

In addition, many middle-class Hongkongers are withdrawing their money from Chinese banks in protest.

For many, these events explain in part Bitcoin’s present trajectory towards the $9,000 USD price mark.

Hong Kong authorities are now backing down. However, they are not withdrawing the bill.
On June 14, 2019, Hong Kong Chief Executive Carrie Lam announced that she was suspending the extradition bill she was trying to push through the Hong Kong Legislative Council.

But the mere suspension of the bill does not satisfy protesters. Therefore, they will go ahead with another massive demonstration on Sunday, June 16.

Thus, Lam’s latest move will not remove uncertainty from the political and business environment for a long time because she has not set a date for the next step forward.

Earlier this week Bitcoinist reported that Hong Kong is already seeing an uptick in Bitcoin trading volume on LocalBitcoins platform.

hong kong

If the political unrest continues, it will likely further encourage the rich and the middle-class to protect their assets by moving it elsewhere from the former British colony.

Hong Kongers, therefore, may already be eyeing the world’s first apolitical and borderless store of wealth, i.e. Bitcoin, to prevent the government from tracking their private data and confiscating their wealth. In fact, China is no stranger to paying a premium for cryptocurrencies to not only trade and invest but also as a means to circumvent capital controls.

In October 2018, a Chinese court issued a ruling saying there is no prohibition on owning and transferring bitcoin in China.

Will some wealthy Hong Kongers choose Bitcoin to protect their wealth? Let us know in the comments below!


Images via Twitter/@xinwenxiaojie, Shutterstock

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Čvn 12

Bitcoin Has Dwarfed Warren Buffet’s Berkshire Hathaway in ROI

Warren Buffett’s Berkshire Hathaway has seen an impressive increase of around 997,900 percent in its stock price since Warren Buffett took control. Bitcoin, on the other hand, is up 720,000,000% in its short 10-year history since its first recorded price. 


Berkshire Hathaway Up 997,900%

Berkshire Hathaway, a multinational conglomerate holding company, the CEO of which is no other but popular investor and one of the richest men alive, Warren Buffett, has seen an increase of 997,900 percent in its stock price since the prominent investor took control of it back in 1964.

The company is also well-known for the fact that it has been under the leadership of one of the most well-known investors, Warren Buffett. He is currently the CEO at Berkshire Hathaway.

Forbes’ latest listicle of the richest men puts Buffett as the third wealthiest man with an estimated net worth of $82.5 billion.

Bitcoin Up 720,000,000% in 10 Years

Bitcoin, on the other hand, has only been around in the past decade. However, in this relatively short amount of time, the cryptocurrency has managed to increase by a whopping 720,000,000 percent since its first ever recorded price.

Ironically, Buffett, being the prominent and well-known investor that he is, is a sworn Bitcoin-basher. In fact, Buffett has been particularly vocal on his stance on the matter, calling Bitcoin all sorts of things. Buffett said:

It doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me. It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything.

If that’s not definitive enough, Buffett has also called the leading cryptocurrency “rat poison squared.”

Going even further, Buffett’s Berkshire Hathaway invested $340 into an alleged Ponzi-type scheme according to Bloomberg. Federal investigators maintain that DC Solar, the company which received Buffett’s backing has used new investors’ money to pay back existing investors.

So if Buffett, the infallible investment genius that everyone seems to believe he is, failed to recognize a Fed-investigated Ponzi-scheme, could it be possible that he’s also wrong about Bitcoin?

Facts Speak For Themselves

Regardless of whether Buffett likes it or not, this “rat poison” has massively outperformed the company he controls. It’s also worth noting that Berkshire Hathaway wholly owns prominent corporations such as Geico, Duracell, Long & Foster, and so forth. It also controls minority shares at American Express, Wells Fargo, and The Coca-Cola Company.

Bitcoin does none of the above and isn’t even a company with any central authority. It’s simply a decentralized protocol for money that ensures no one breaks the rule. Bitcoin is an asset class of its own that has managed to gain 722 times more money to its investors compared to Berkshire Hathaway. And it only took it 10 years.

So, in case anyone doubts John McAfee in putting a $1 million price target for Bitcoin, it’s perhaps worth considering all of the above. Sure, it may not happen by December 31st, 2020, but it’s certainly a possibility.

Maybe Buffett should reconsider. Though, perhaps Justin Sun is the one (not) to make him change his mind.

What do you think of Bitcoin hitting $1 million? Do you think it will happen? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

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Long Bitcoin, Short Duetsche Bank Has Been The Best Trade in 2019

Buying Bitcoin while shorting the stocks of multinational investment bank Deutsche Bank in 2019 might be the best trade you could have done in 2019. 


Long Bitcoin, Short The Bankers

“Long Bitcoin, Short The Bankers” has turned into a somewhat popular catchphrase commonly used by Morga Creek Capital’s Anthony ‘Pomp’ Pompliano.

Looking at hard data and crunching the numbers, however, tells us that this might be a lot more than just a concept – it can actually be a rather profitable trade – at least so far in 2019.

As Bitcoinist recently reported, the stocks of the multinational investment bank based in Frankfurt, Deutsche Bank, have been in steady decline for the past five years. Year-to-date, their price has dropped by about 17.5 percent to a fresh record low.

Bitcoin, on the other hand, is having a stellar year so far. Despite the latest correction, which has driven BTC price 00 below $8,000, the cryptocurrency is still marking incredible gains of around 112 percent.

In other words, if you decided to long BTC/USD, while also shorting Deutsche Bank stock at the beginning of 2019, you would have been around 130 percent in the profits.

This number goes up to 139 percent if you had decided to make the trade back in September 2018, as noted by the popular trader and common cryptocurrency commentator Alex Krüger.

The trade ‘long bitcoin, short the Deutsche bankers’ is up 139% since September 2018.

BTC Outperforming S&P 500

Another interesting trade, as pointed out by Twitter user planB (@100trillionUSD), is the combination of 5 percent Bitcoin and 95 percent cash. According to him, this position beats the performance of the S&P 500 index every year in the past nine years.

As it turns out, not only is this position more profitable, but it’s also less risky. The max yearly loss of the bitcoin and cash position stands at -5% while the S&P recorded a loss of 6 percent in 2018.

Even if we look at Bitcoin’s performance alone in the years of its existence, we can see that it’s borderline unreasonable to compare it to that of the S&P 500.

Of course, it’s also worth noting that trading Bitcoin and ‘hodling’ it are two completely different things. The cryptocurrency historically generates its yearly gains 10 days, according to Fundstrat’s chief analyst Tom Lee. This suggests that the chances of you missing out on them if you’re trading regularly are substantially higher than if you’re simply holding for the long-term.

What do you think of Bitcoin’s performance year-to-date? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

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Binance Research: ‘Non-Crypto Public’ is Now Getting Into Bitcoin

Institutional demand for crypto assets is decisively starting to affect the crypto space. Bitcoin remains the “bellwether” of the industry, while data showing that the crypto market has already bottomed out is becoming more explicit, according to Binance Research.


Institutional Appetite For Crypto Is Skyrocketing

The crypto industry will continue to gain momentum over 2019, with the pace of evolution potentially speeding up if crypto asset prices get a boost, according to a new Binance Research report released on May 31, 2019.

The report underscores the all-time high volumes of crypto assets recently traded on the CME Group. Indeed, over USD 1 billion were traded during a single 24-hour period in May 2019.

CME bitcoin futures

Specifically, as Bitcoinist reported, the CME Bitcoin futures reached a record high of 33,700 contracts on May 13, 2019. This impressive number of contracts was 50 percent higher than the previous record of around 22,500 contracts that had been reached on April 4, 2019.

This extraordinary flurry of trading reveals that institutional demand is entering the crypto market. Thus, the Binance Research report concludes,

Institutional investors, currently representing (in our conservative assumptions) less than 10% of all long-term investors, are growing their exposure to digital assets and cryptocurrencies, as illustrated by a premium of nearly 40% for Grayscale Bitcoin Trust (GBTC) over BTC spot price at the end of May.

General Public Getting Back Into Bitcoin

Investors’ interest in Bitcoin over-the-counter (OTC) trading is also increasing. According to the report, in May Bitcoin OTC trading surged, reinvigorating interest in the BTC-USD pair.

Moreover, during May, the OTC market saw the participation of investors previously unrelated to the crypto space. The report states,

We have definitely seen more interest from the non-crypto public this month, and hope that the market ‘behaves’ such that the interest continues to build.

The prospects for the crypto industry could be even rosier if projects in the pipeline, either running on private or partially private closed systems, materialize by providing blockchain-based business solutions to everyday users. And the report goes notes that,

Thanks to their large user-bases comprised of both retail and institutional clients, these initiatives could ultimately benefit the whole crypto asset industry, with new users moving onto decentralized, permissionless and non-custodial platforms.

Furthermore, Binance Research also extensively analyzed changes in crypto asset correlations based on market structure, concluding that “Bitcoin exhibited the highest correlation with other assets…”

This, the report notes, makes BTC “the bellwether of the industry.”

Given Bitcoin’s stellar performance so far in 2019, it also reiterates a conclusion from April 2019, declaring ‘crypto winter to be over.’

Having emerged from a period of the highest internal correlations in crypto history, the data may support the notion that the cryptomarket has already bottomed out.

What do you think about the growth of institutional investors in the crypto space? Let us know in the comments below!


Images via Tradingview.com, Shutterstock

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Kvě 30

Wall Street Bitcoin FOMO: Grayscale Gobbling Up 21% of Newly Mined BTC

Grayscale Bitcoin Trust (GBTC) is now buying up about 21 percent of newly mined BTC monthly suggesting increasing demand from Wall Street.


Insatiable Wall Street Appetite for Bitcoin

According to a Wednesday (May 29, 2019) tweet from Bitcoin analyst Rhythm, Grayscale bought more than 11,000 BTC in April 2019. With 54,000 BTC being mined per month, the largest cryptocurrency asset manager is buying up about 21 percent of the Bitcoin monthly supply.

This proportion represents a significant uptick in institutional BTC accumulation especially given the current price surge. It appears institutional interest is playing a leading role in the 2019 BTC price gain whereas the late 2017 bull market was most likely due to retail FOMO.

If Grayscale continues buying up BTC at the current rate every month then it could own 42 percent of the Bitcoin monthly supply post-2020 halving.

As reported by Bitcoinist on Wednesday, the GBTC premium now stands at about 37 percent of the retail spot market. Each share is currently worth 0.00098247 BTC which corresponds to about $11,600 for a whole Bitcoin.

With GBTC being eligible for some investment retirement accounts (IRA), the 37 percent premium might not constitute a significant bother for Wall Street and institutional buyers.

This insatiable institutional appetite seems to be mostly focused on Bitcoin. On Tuesday, Grayscale published an update showing that its BTC Trust was about 94 percent of its $2.1 billion asset under management (AUM).

Tuesday’s update also meant that its AUM had doubled in less than two months. Back in April, Grayscale announced that its AUM had crossed $1 billion for the first time since late 2018. Grayscale’s highest ever AUM was north of $3 billion during the bull market of late 2017.

Whales Accumulating BTC

In a related development, research published by cryptocurrency newsletter Diar shows that whale wallets were quietly accumulating BTC during the 2018 bear market.

Whale Wallets Accumulating Bitcoin During 2018 Bear Market

This conclusion comes from the increase in “Firm Size” Bitcoin address – wallets holding between 1k BTC and 10k BTC during the bear market period. According to the research, whales now hold $6 billion in BTC more than they did in August 2018 – corresponding to about 26 percent of the total Bitcoin circulating supply.

Earlier in May, Bitcoinist reported that the BTC “one percenters” were increasing their holdings with massive inflows and only a trickle of outgoing transactions. At the time, Bitcoinist even surmised that such outflows might even be attempts at breaking up their Bitcoin bags.

Will the increased institutional Bitcoin acquisition push the price to a new ATH in 2019? Let us know in the comments below.


Images via Twitter @Rhythmtrader, @GrayscaleInvest and Diar

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Kvě 24

Weiss Ratings: Bitcoin Correction The Best Buying Opportunity Since 2015

Weiss Ratings believes that bitcoin price surging to $8,373 will open the doors to a once in a lifetime purchasing opportunity.


Weiss Says Buy the Dip

On Thursday Weiss Ratings tweeted that Bitcoin’s current technical setup presents the best purchasing opportunity for investors since 2015.

The independent rating agency based their assessment on analysis from their chief crypto analyst Juan Villaverde.

The analyst explained that Bitcoin’s recent surge to a 2019 high at $8,373 has primed the market for an impending correction that will represent the greatest purchasing opportunity since 2015.

According to Villaverde, similar price action occurred in 2012 and 2015 and the cryptoanalyst explained that:

In January 2012, for instance, after Bitcoin has rallied to $7 per token from its bottom of $2 just months earlier, Bitcoin suffered a 45% correction down to about $4. But that was a launching pad for a bull run that would take Bitcoin into four-digit territory for the first time in its history, hitting a high of almost $1,200 by December 2013.

Villaverde then pointed to an identical occurrence in 2015 when Bitcoin price notched $500 in November only to be followed by a sharp 40% sell-off to $300 a week later.

Will Bitcoin Pull Off a ‘Three-Peat’?

Naturally, investors will be concerned about whether history will repeat itself and the phrase “past performance is not indicative of future results” comes to mind.

Villaverde addresses this valid concern by pointing out that that Bitcoin’s fundamentals have improved significantly over the past year and the fact that Bitcoin usage is near all-time highs, with daily transaction volumes nearly reaching levels not seen since late 2017 is encouraging.

According to him, Bitcoin’s 24-hour transaction volume recently reached a 2019 high of 450,000 and the previous all-time high occurred on December 13, 2017, just a few days before prices reached $20,000.

Weiss also pointed out that Bitcoin network fees remain at their lowest levels since August 2017 despite the consistent increase in transaction volume. Villaverde explained that there is a negative correlation between usage and fees and this is proof that upgrades like SegWit and the Lightning Network were paramount in making this possible.

Overall Villaverde encouraged investors to focus on the positives and reiterated that: the recent major rally confirmed the beginning of a bull market, Bitcoin’s fundamentals have improved the point of supporting increasing price and he cautioned investors to be attentive of an impending sharp correction, which could provide a fantastic purchasing opportunity.

Do you agree with Weiss Ratings advice to buy the next Bitcoin dip? Share your thoughts in the comments below! 


Images via TradingView.com, Twitter, Shutterstock

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Kvě 22

Winklevoss: Sitting on the Sidelines is Crazier Than Investing in Bitcoin

Prominent Bitcoin investor and Gemini Exchange co-founder Cameron Winklevoss says that the future of money is currently being built with Bitcoin and crypto and that it’s ‘crazy’ to be sitting on the sidelines. 


‘The Future of Money is Literally Being Built’

Popular cryptocurrency commentator and a prominent Bitcoin investor Cameron Winklevoss has argued the craziness of investing in the crypto space. He said:

“Some people think it’s crazy to invest in crypto. Maybe. But definitely not as crazy as sitting on the sidelines when the future of money is literally being built before your eyes.”

The Winklevoss twins, in general, have been more than well-known in the space. Earlier in January, they said that Bitcoin will pass the $7 trillion gold market cap.

Mr. Wonderful Disagrees

One of those who seem to believe that investing in Bitcoin is more than crazy is popular TV personality and millionaire entrepreneur Kevin “Mr. Wonderful” O’Leary. Those of you who’ve watched the popular entrepreneur show “Shark Tank” surely know him.

Kevin O'Leary bitcoin

Just yesterday, in a rather heated debate with Anthony “Pomp” Pompliano of Morgan Creek Capital, on CNBC’s SquawkBox, O’Leary argued that there’s no value in owning bitcoin as an asset class. He said:

Where is the value in owning bitcoin as an asset class? Tell me why this, which is basically a digital game, has any intrinsic value. And where is the long-term value? Just this idea that they’re going to cut the number of units in half is just a scam. That’s just total BS.

Despite Pompliano’s arguments, the investor couldn’t seem to wrap his mind around the idea and denied all merits of Bitcoin and other cryptocurrencies as well.

Tom Lee Says Current Bitcoin Bull-Run Has Legs

Speaking on CNBC’s Markets Now, Fundstrat Global Advisors’ head analyst, Tom Lee, discussed the current case for Bitcoin. He outlined that the top ten days in any year account for all the gains for crypto.

tom lee Bitcoin price

However, Lee also said that there’s plenty of reasons to be optimistic. He reiterated on the narrative that Bitcoin “has proven to be digital gold” – something also expressed by the Winklevoss twins themselves.

Lee also mentioned the upcoming Bitcoin halving which is estimated to take place in less than a year from now.

As Bitcoinist reported yesterday, the overwhelming majority of people bullish regarding the effect it will have on the cryptocurrency’s price given historical trends.

What do you think of Bitcoin going forward? Let us know in the comments below!


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Kvě 21

Argentina: Bitcoin Bought at $20K Retained More Value Than the Peso

Bitcoin has proven to be a store-of-value in Argentina where you would have been better off buying BTC at its peak rather than hold the peso.


Argentina Ensnared Political and Economy Turmoil

The Argentinian economy continues to shrink, afflicted by stubbornly high inflation, which President Mauricio Macri, who is running for re-election, has been unable to rein in. Hence, he is becoming increasingly unpopular.

On May 19, 2019, the country’s grim economic outlook became even muddier when former president Cristina Fernandez de Kirchner announced she was running for the vice presidency alongside Alberto Fernandez (her former cabinet chief), in the upcoming presidential elections in October 2019.

Ms. Kirchner made the announcement a few days before the beginning of her trial for alleged corruption offenses related to public works contracts. The trial is scheduled to start on May 21, 2019. Reuters wrote,

Cristina Fernandez is considered by investors to be a riskier prospect because of her past populist policies. She introduced currency controls and tax increases on farm exports while in office between 2007 and 2015.

Fearing that if Ms. Kirchner returns to power it would bring populism back to the country, investors are now more than ever seeking refuge in safe-haven currencies, such as US dollars and Bitcoin.

In effect, Bitcoin’s value in relation to the Argentinian peso and Bitcoin’s trading volumes are reaching all-time highs. Likewise, the US dollar is an all-time high against the Argentinian peso. This set of circumstances will most likely reinforce Argentina’s inflationary spiral.

Argentinians Better Off Holding Bitcoin

Officially, as of March 2019, Argentina’s annual inflation rate reached over 55 percent. But even this elevated rate of inflation is questioned. Economist Steve Hanke argues that when using high-frequency data, the inflation rate in Argentina is over 80 percent.

Such a high inflationary rate significantly erodes the purchasing power of the peso, to such an extent that replacing the peso with Bitcoin to save Argentina’s plummeting economy no longer seems like a crazy idea.

As a result, many are turning their attention to Bitcoin’s deflationary attributes. For example, one strong argument put forward is that Bitcoin is a better store-of-value than the peso.

In this regard, Partner at Sixtant, Josu San Martin, noted:

If an Argentinian had bought Bitcoin at the highest point of the ‘biggest bubble in history,’ in 2017, he would have been better off than leaving his money in his Argentinian bank account. So tell me again how Bitcoin is a horrible store of value.

As a completely new asset class, Bitcoin is still volatile. Nevertheless, in the long run, Bitcoin is proving to be a better (and rapidly appreciating) store-of-value than gold, even more so in a digital economy.

In this regard, Grayscale Investments, one of the largest cryptocurrency asset managers, details key features to highlight Bitcoin’s superiority to gold in, verifiability, divisibility, durability, fungibility, portability, and recognizability.

Moreover, a compelling and most relevant argument for the Argentinian economy is Bitcoin’s inflation-resistant nature, which is strengthened by its scarcity. Only 21 million bitcoins will ever be created by around the year 2140.

Furthermore, Grayscale compares the cryptocurrency to gold in the features shown in the chart below.

To save the failing economy, President Macri has already received advice to bear Bitcoin in mind. In March 2019, serial investor Tim Draper advised him that to attract foreign investors he must dramatically transform Argentina’s economy and replace its peso with Bitcoin.

How do you think that Bitcoin can help Argentina to minimize inflation? Let us know in the comments below.


Images via  Grayscale, Shutterstock

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Bitcoin Will Be Over $10K By 2020 Halving, Model Shows

Despite a slight dip, Bitcoin price is still expected to surpass $10,000 by the next block halving, according to Stock-to-Flow models.


As originally posted by the Twitter user planB, Bitcoin remains on course to exceed $10,000 and perhaps even $100,000 according to trend-following macroeconomic models.

The significance of stock-to-flow

The graph above shows a correlation between bitcoin reward halving and the price of bitcoin, mapped by year and counting down until the next halvening event that will occur May 2020. Most importantly, the price appears to follow the Stock-to-flow macroeconomic model.

The SF model displays a price uptrend. Notably, as the halvening is expected to reduce sell pressure on the supply side. A lack of interest from sellers could help the price climb upwards from its current levels.

However, these kinds of rallies are stymied by a lack of selling pressure rather than interest from buyers, and can quickly climb into overbought levels followed by a sharp downside correction.

The halvening countdown

Bitcoin block reward halvings occur roughly once every four years. Each time the network halves the network reduces the mining reward by 50 percent. At present, miners are rewarded with 12.5 BTC each time a block is mined. By May 2020, that number will be halved down 6.25 BTC.

There are less than 390 days to go.

As Bitcoinist has reported previously, the price of Bitcoin seems to rally one year after the ‘halvening’ event occurs. In fact, there appears to be a direct correlation between the price of bitcoin and halvening events that cannot be ignored.

There have been other models used to predict the price of Bitcoin that pushes the price of Bitcoin higher — except on a more futuristic timescale.

For instance, a $1 trillion market cap was predicted for Bitcoin after the halving that will occur in 2020 implying a price of $55,000.

However, the price of bitcoin could climb to even higher levels in 2023. A “massive rally” could push the coin to the astronomical price of $10 million dollars. This figure was taken from the model that prices seem to increase bi-laterally, as well as hash rate, which analyst, Max Keiser says “never left” the bull market.

Given these theories, we can expect the next halvening event to be a major cornerstone in Bitcoin’s history and have a significant impact on the currency’s evaluation. How high bitcoin’s price will climb is still up to debate, but the consensus overall is that we can expect higher prices than what we’re seeing now as shown by previous halvings and bitcoin stock to flow.

Will bitcoin price be over $10,000 by 2020 at the time of the halving? Share your thoughts below!


Images via Shutterstock

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Bitcoin ‘HODL Waves’ Chart Shows Price Building Momentum

Woobull.com, a provider crypto asset market, and network data has added new charts to its Bitcoin price, momentum, volume, and volatility platform.


Bitcoin Price Building ‘Momentum’

The news was originally announced in a tweet by Willy Woo, market analyst and founder of Woobull.com

The “Bitcoin Momentum Chart” appears to lead the price of bitcoin  (Similarly to the RSI and MACD, but specifically for bitcoin) as changes in crowd psychology tend to happen before prices do.

As Bitcoinist has written before, Bitcoin’s price is typically followed by public interest.

The indicator is also seemingly able to quantify price trends based on bull markets and changes in momentum plotted on a separate line graph. This indicator could help traders understand if a strong price trend is in force.

It should be noted that there is already a directional movement indicator that was developed in the 1970s named the Average Directional Index (ADX). The ADX appears to follow the same premise as the Bitcoin Momentum Chart — although this new chart might be easier for new traders to read and therefore understand.

Signaling and investment-related charts

Woobull seemingly offers traders and investors charts and data that they cannot easily find online. For instance, many, (if not all) of the charts on Woobull are sourced outside of the mainstream technical analysis sites such as tradingview.com or CoinMarketCap.

The site, therefore, might be more suited towards investors who look at long-term and secular trends than swing or day traders that look at the hourly candles. Still, the information provided from Woobull remains objectively useful for anyone with a technical or financial interest in Bitcoin.

One interesting chart above is titled “Bitcoin Risk Adjusted Returns vs Other Assets.” The chart is used to “compare Bitcoin ROI, adjusted for its risk, to other assets.”

Another graph to pay attention to is its “HODL Waves” which claims to offer “A cross-sectional view of Bitcoin HODLers over time, shows demand and supply from new and old HODLers.”

The Bitcoin Valuation cap shows “a collection of useful valuation metrics on Bitcoin.”

The Bitcoin NVT ratio shows when the currency is either overbought or oversold, which functions identically to the existing calculations of the RSI or stochastics that also measure extreme readings.

Bitcoin monetary and network statistics

The below chart shows the difference between Bitcoin’s network value and network volume.

The graph below claims to “chart user-centric metrics tracking network congestion, e.g. payment fees, confirmation times.”

The graph below shows the growth (inflation) of bitcoin over time.

In closing, there are many more charts that WooBull offers that will be of interest to anyone invested in Bitcoin. Interested Bitcoiners are encouraged to check them out.

Will you be using Woobull in future? Let us know in the comments!


Image source: Woobull.com, Shutterstock

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