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You can say the same about the entire stock market, but Bitcoin is fundamentally different. With stocks the most you can do is "technical analysis" which I am n
by 45g45g54 3y ago
You can say the same about the entire stock market, but Bitcoin is fundamentally different. With stocks the most you can do is "technical analysis" which I am not convinced is real because its data based entirely on speculation.
There is nothing to speculate with Bitcoin. Like being a data analysis for a company, you can monitor the entire network for user behavior. You can know when large entities flow funds to and from exchanges. You can monitor user behavior over time and see what is going on with the supply and understand which entities are accumulating and holding supply for long-term. This is called "On-Chain" analytics but it is really no different than data science within a company.
This is only possible because of Bitcoin's ledger being open for anyone to see (IE: https://mempool.space/ https://mempool.space/ ). Companies like Blockware and Glassnode are taking this data, enriching it, and identifying which Bitcoin belongs to which entities, not just that there is "an" entity that owns it, but who.
- nuancebydefault 3y agoDid you just ask an LLM to produce some random crypto slang?
- keep_reading 3y agoWhere's the slang? This is just normal day trading terminology