5 reasons not to panic

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At the time of this writing, the price of a single bitcoin (BTC) the $8.100 frontier has gone, and today and earlier in the week and dipte in the direction of best focus.
The chart below shows that the BTC is today, and the weather volatility with a peak of $8.600, and a low of $7.734 (on the Bitstamp exchange, ed.

The BTC price in the past 24 hours (source: Cryptocompare)
Also, Wednesday evening central european time know bitcoin are kind of his tail, stirring the mixture with a bit of a disappointment against the $8,000 limit on Bitstamp.
On Wednesday, there seemed to be a question of slight panic, and the volume of the bitcoin futuresplatform Bakkt was a bit disappointing, but it transferred well to a a wrong message about the alleged “crash” of the bitcoin hashrate.
In addition, the question as to whether the share price, however, reacted to the news, or that there are other forces at work.

Contents

Bitcoin price and the Fear & Greed Index

If we use the Fear & Greed Index is to be believed, there is indeed a question of fear and uncertainty in the market.
This index is based on a number of variables, such as volatility, volume, market dominance, but market sentiment (Web Trends, social media, surveys).
At this point, it is stated on the ’12 and’ what is ‘extreme fear’ is coming from.

There seems to be a – obviously, a link between the price and market sentiment, and that, of course, is a bit of a chicken egg story.
The sentiment is also a result of the price, but it has the sentiment also have an impact on the price.
At least We can see that the sentiment in the initial peak of the price at the end of June, 2019 at the latest) are a lot higher than it is now.

Plot of Fear & Greed indexscores over the last 12 months

5 reasons to be a ‘hodler’ not to panic

Perhaps it is that bitcoiners are the following reasons to be able to spell it, but it’s never wrong to be the fundamental nature of the bitcoin network will have to continue to repeat it as if it were a mantra.
Hans Hauge (Twitteralias Hans HODL and Hans-the-Red, is a senior quant researcher with the U.s. cryptofonds Ikigai.
He sums up in a Twitter thread, to five fundamental reasons for long-term investors‘hodl’ you have bitcoin), but not to panic.
Bitcoin is basically still never be as good for you. In other words, the risk to the BTC investment has never been lower than it has been – although there is always a risk, but it is the most liquid asset.

1. Bitcoin transactions are at all-time high

The number of transactions on the bitcoin network is growing.
The chart below shows the average transaction output over the last 365 days. This is an indicator of 2019 so far and a good year.

2. Hashrate is still high despite a perceived dip

Earlier this week, there was quite a bit of turmoil in the market is due to the presence of a sharp dip in the computing power of the network.
The dip, however, appeared to explain a series of blocks for which the acknowledgment is slower than the average for the ten minutes. This can be a short-term, although the sharp dip in the power.
However, the hashrate recovered quickly, and at the time of writing, the hashrate back in 92 terahash per second.
That make the bitcoin network is, undoubtedly, the most secure, decentralized network of computers on the face of the earth.

For more background on this topic: in this article, Then the Hero (Crack) clarity on how the security model of bitcoin in the lay of the land.

3. The inflation rate of Bitcoin continues to fall

Bitcoin is an asset that is more and more scarce, just like gold and silver, as well. Hans Hauge has deflationary nature of bitcoin on a logarithmic scale, to know how to get it.

4. Bitcoin price is on the schedule

The same can be said about the price. The price of bitcoin on a logarithmic scale, the trend is increasing.

One of the most popular analytical models of the moment, the stock-to-flow model of the Netherlands as a Plan B. In a recent tweet, that is the price point on the model is laid out.

In his eyes, bitcoin is also much needed as in the past, the central bank of the united states and Europe, have money to continue printing at the rate of inflation and maintain its economic engine, not letting it falter.

5. Bitcoin developers have been very active in

At the end of the network, in order for the developers to network and build up.
Although we may have forgotten, it is Bitcoin’s GitHub is still quite active. In the past 30 days, 144 of the Pull request is merged, and about 40 closed issues.

In short, fear is not a good motivator

According to Hauge, there is no reason to suggest why there is now a fear in the market, on the basis of the Fear & Greed Index.”
On the basis of the above statistics, we can conclude that the fundamentals of bitcoin is to lie. And to think that we are still, however, this is only the beginning of what is still to come.

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