2 indicators that predict a good future for Bitcoin
There are various indicators to forecast the performance of Bitcoin. Today I will tell you about 2 that make you optimistic about the future of BTC.
When it comes to analyzing the future of Bitcoin we have various tools. From what I call “FE question”, which is based on the fact that Bitcoin will rise to the clouds because it is already “written” like that, or some technical indicators.
In the reflection of the day we are going to focus on 2 indicators, which are not the most common, but they are very important, since it tells us why Bitcoin is a solid investment for the future, and not a mere question of FAITH.
In summary, what we will see in these indicators is whether there are pure speculators in the Bitcoin market, or investors who have had their positions for a long time (Holder). In addition, we will see if large fortunes move daily, or only small transactions.
Are there more Holders or Traders in Bitcoin?
A Holder is an investor who buys Bitcoin, and leaves it stored in a BTC address for a long time. It doesn’t worry about short-term swings. On the contrary, a Trader is one who seeks a short-term performance, usually in a few days.
More than 66% of Bitcoin holders hold. This means that they have had it for more than a year, a more than encouraging data for the future of BTC. Also, 24.35% have bought Bitcoin at least a month ago, and still hold it. Another fact to look closely. Only 9.45% are traders, and are looking for short-term profits, which is not bad, since that gives liquidity to the market.
Are big fortunes moving in Bitcoin?
While a large percentage of daily Bitcoin transactions are small (1000 USD or less), more and more large fortunes go through BTC. And we are not only talking about whales, but about large investors who move money this way. In the last 24 hours more than 8,700 Bitcoin addresses have moved more than $ 100,000 each.
In much of August and September more than 10,000 addresses per day have moved more than 100K. This clearly speaks to the strong rise that BTC moves every day. Other indicators to take into account are: Active addresses, Hash Rate and the average cost per transaction. Also, never lose sight of the price behavior of Bitcoin.
Today, September 14, Bitcoin is trading around US $ 10,300, with a drop of 1.25% in the last 24 hours.
I say goodbye until next time with this phrase from Larry Page: “If we were motivated by money, we would have sold Google and we would be on the beach.”
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.