Crypto market 1 year ago - 2018 February 26th
Market cap : $431B ($130.6B now)
Bitcoin : $9752 ($3824 now)
Ethereum : $844 ($138 now) Jesszumpepi
Steem : $3.51 ($0.35 now) -> 90% drop in 1 year
BTC Dominance: 38.2% -> 52% now
Who’s been here for the entire 14 month of crypto bear market gimme a hell yeah! Longest bear market ever in cryptoland.
Bitcoin miners are the ultimate BTC sellers, they have to sell to pay for electricity and other costs. Miners sell on average 30x24x6x12.5 = 54.000 BTC each month.
After the halving (May 2020) they only have to sell 27.000 BTC .. imagine what happens with price if that much sell pressure disappears! Just as 2012 and 2015 were the best times to buy, 2019 is the looking the same just a year before the halving.
The current Mayer Multiple is 0.75 with a BTC price of $3824 and a 200 day moving average of $5117. The Mayer Multiple has historically been higher 85.13% of the time with an average of 1.49.
If you follow this Diversification Protocol, selling starts from Mayer multiple of 1.6.
Data from mayermultiple.com
Bitcoin's yearly lows:
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3200 -> the best year ever
Bitcoin average DAILY value change during:
2010: +0.82%
2011: +0.76%
2012: +0.26%
2013: +1.11%
2014: -0.25%
2015: +0.09%
2016: +0.22%
2017: +0.78%
2018: -0.33% -> the worst year ever
Assets under management:
BlackRock $6.3 trillion
Vanguard $5.1 trillion
Charles Schwab $3.36 trillion
JPMorgan $2.78 trillion
State Street $2.7 trillion
Crypto's entire marketcap is only $130 billion.
We're so early it's simply ridiculous.
Hal Finney, true legend. Ran #Bitcoin node 10 years ago, receiving first tx from Satoshi. Contributed to Bitcoin despite fatal ALS until completely paralized. Died on August 24, 2014 and got himself cryopreserved.
https://bitcointalk.org/index.php?topic=155054.0
"Bitcoin will continue to do what Bitcoin does. Nobody controls it. We are all learning what it does. Adapt to it as it evolves. It will not adapt to you." Quote from Eric Lombrozo.
Screenshot of coinmarketcap.com
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