I think you often hear: “Bitcoin doesn’t have any fundamental parameters”. I can only partially agree with this statement. Bitcoin doesn’t have normal fundamental parameters. It’s why bitcoin doesn’t make sense to compare with stocks. It’s two different things!
We could compare It with gold. It’s growing because people buy it and we have limited resources. That’s all, folks.
What are Fundamental Parameters in general?
Fundamental analysis (FA) is a method of measuring a security’s intrinsic value by examining related economic and financial factors.
But Bitcoin it’s a technological network, which is public. And this network has a lot of different types of metrics that affect the price. For example, active wallets, the pricing levels which had big purchases, how many bitcoins are deposited and withdrawn on exchanges, and a lot of other metrics.
Usually based on the different types of metrics we can predict and find a similar price behavior.
I am personally using two services. But you can find a lot of others on the web.
Good source of the type metrics: glassnode.com/
Nice to have: whalemap.io/charts/large-wallet-inflows
May the small investment of time greatly enrich your future.
We could compare It with gold. It’s growing because people buy it and we have limited resources. That’s all, folks.
What are Fundamental Parameters in general?
Fundamental analysis (FA) is a method of measuring a security’s intrinsic value by examining related economic and financial factors.
But Bitcoin it’s a technological network, which is public. And this network has a lot of different types of metrics that affect the price. For example, active wallets, the pricing levels which had big purchases, how many bitcoins are deposited and withdrawn on exchanges, and a lot of other metrics.
Usually based on the different types of metrics we can predict and find a similar price behavior.
I am personally using two services. But you can find a lot of others on the web.
Good source of the type metrics: glassnode.com/
Nice to have: whalemap.io/charts/large-wallet-inflows
May the small investment of time greatly enrich your future.