JBcoinfighter

Bitcoin Supply/Demand Levels

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
BTC could dip once more to test demand levels @ 1.44 ext. A sustained, summer-long bull-run (C) would be healthy.
MikeLloyd
2 years ago
Well this is interesting, but you're trying to measure demand over a very long period of time, which is probably unreliable. A, S/D curve with multiple phases of demand would probably be more applicable, that also said measuring demand will be very difficult anyway. This is the kind of thing where you'll have to spend a lot of time actually collecting the excess supply and demand in specific places. Here is an example of S/D in oil:

The S/D Curve of oil (Linear, simplified): http://2012books.lardbucket.org/books/economics-principles-v2.0/section_07/b967eaa24af7da990b4df9d13a6148b2.jpg
The Supply of oil: http://crudeoilpeak.info/wp-content/uploads/2014/08/World_without_US_shale_oil_Jan2001_Mar2014.jpg
The demand of oil:http://4.bp.blogspot.com/-JZASkZNKOj4/U3vfIbSU9fI/AAAAAAAAHAk/yBXLt47xtCg/s1600/fig2.gif
Divided: http://vintagevalueinvesting.com/wp-content/uploads/2015/01/oil-supply-demand-1024x602.png

I'm very happy other people are taking this approach to markets, although I often think there's some clarification in how supply and demand is viewed. Now as far as I know, bitcoin supply is roughly 7% to 9% yearly, and we had a negative year last year, so we can assume that demand was well below that.
Reply
JBcoinfighter MikeLloyd
2 years ago
Thank you for the insight and visuals. I will definitely refine this in future charts!!
+1 Reply
MikeLloyd JBcoinfighter
2 years ago
No problem, I am actually working on correct S/D charts for bitcoin. I will send the figures your way when I'm done!
+1 Reply
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