A Low Value For Bitcoin Is Very Much Possible
- by Team
A low value for Bitcoin is very much possible. This was the conclusion reached by the team at Bitstamp who recently released a report on the market position of Bitcoin across the globe. The authors of the report, Bitstamp’s Senior Market Analyst Mati Greenspan, and Bitstamp’s Marketing Director for Business Development, Daniel Tarras, have confirmed that this low value for Bitcoin is a possibility.
In their report the authors stress that Bitcoin is the most undervalued cryptocurrency at the time of writing, as the Bitcoin market has grown from $32m on December 1, 2020 to $100m by the end of May 2020. They then go on to mention that from this point, Bitcoin is experiencing more activity with a new wave of institutional investors entering the market. While the value of Bitcoin was a low $30 in December 2020, the current price is at $2,200 in May 2020.
The market cap of Bitcoin is currently at $300MM with an estimated volume of $1MM. The market cap of Bitcoin was $28MM in December 2020, and that amount has increased significantly over the same period.
The authors also go on to elaborate that Bitcoin’s market dominance is at a low point in its history and that it is now likely at its lowest level since the beginning of December 2020.
Market dominance is a popular metric that allows us to track the market position of different cryptocurrencies. It is measured by dividing the market value of a cryptocurrency by the total market value of all cryptocurrencies.
For Bitcoin, the market dominance index is currently at a low 36. 3%, which is an important sign, as it could suggest that Bitcoin has a relatively low market worth. However, it is important to remember that this is a market position measurement, which is used to look at the market value of different cryptocurrencies and not to track the market position of Bitcoin itself.
The authors also mention that Bitcoin’s market depth in May 2020 is the lowest since December 2020.
KPIs for more than 20,000 online stores
“The survey’s findings showed that when it comes to customer’s expectations and KPIs, there is little or no difference regarding performance and value.
When it comes to customer expectations, online retailers can benefit from having some KPIs in place, and the survey we did last week provides an interesting snapshot of their true KPIs.
The survey, conducted by Deloitte, asked retailers what KPIs they consider most important to their businesses.
And the results were quite illuminating.
Some stores thought their product quality, customer care, and sales would be the most important. But then, many of the stores mentioned revenue as their most important metric. Interestingly, not all of the retailers mentioned revenue, and in fact, some retailers seemed to believe that revenue is only the tip of the iceberg when it comes to customer satisfaction.
And here’s a question that can’t be answered by the retailers themselves. So our survey team took a step further by asking the retail investors involved in the report which KPIs are more important for their organization to take action on.
Our research team asked the respondents to rank those KPIs based on their importance.
The result revealed that the majority of respondents put customer care, customer service standards, and product quality at the top of consideration, followed by performance within their store. Of course, the survey didn’t include all of the retailers that participated in the survey; most of our results are based on those who participated in the survey between November 2015 and February 2016.
Interestingly, in no instance did any of the respondents mention revenue, sales, or the business model of the organization.
1 in 5 retailers (18. 7%) put KPIs like customers service level in their consideration list.
This is a list of questions asked from a survey we conducted on the KPIs of more than 20,000 online retailers around the world.
Regions and countries: a survey.
This article first appeared on Bitcoin Magazine.
“I think that the blockchain is a fantastic technology, not only for cryptocurrencies, but for a variety of applications,” Peter Todd, the director of the University of Missouri’s Department of Computer, Mathematical, and Statistical Engineering, said in a recent interview with CoinDesk. There is little doubt that Todd is not alone with his enthusiasm for the blockchain.
But as cryptocurrency is increasingly applied on a grand scale in more applications than ever before, a study of this technology by Professor Peter Todd of the University of Missouri, conducted in 2015, provides a clear indication of just where the technology is heading.
Todd examined the blockchain as it exists today, including the code that runs it and the systems of rules that govern it as well as the growing numbers of applications for the technology. Todd found that despite the proliferation of applications, the existing blockchain code is in the form of a single transaction with every transaction being broadcast to every node in a peer-to-peer network. Todd’s work was published in The Journal of Cryptography and its Applications on April 16, and was accepted for publication in the International Journal of Software Technology and Information Science on the same date, with an article in the latest issue.
Todd’s findings were surprising, but not because they disproved the fundamental thesis of the blockchain and cryptocurrency, as many still believe. Rather, Todd found that despite the proliferation of blockchain applications, the existing blockchain and other code was in the form of a single transaction with every transaction being broadcast to every node in a peer-to-peer network.
In the article, Todd begins by acknowledging the existence of the blockchain and cryptocurrency. He explains that the concept of a blockchain, with the ability to be programmed by an individual and with an increasingly large number of transactions conducted each day, has already been implemented in a number of different applications. But, as Todd says, the reality is that applications do not have to be limited to cryptocurrencies: “Any one of the billions of individual uses of the blockchain or cryptocurrency is possible.
1m statistical data in XLS, PDF & PNG format
1m statistical data in XLS, PDF & PNG format | Cryptocurrency.
This article is mainly an updated version of an article published in the same format on Cryptonews. The data was taken from 1m cryptocurrency and internet statistics websites, and the price index was obtained from the Chinese cryptocurrency exchange market.
This article was posted to Cryptonews.
The popularity of cryptocurrency and Internet transactions in China has been on the rise. Since January 2018, cryptocurrency and Internet transactions in China have increased by 14 times. This growth can be attributed to numerous factors, such as the opening of mainland China, the strong Chinese government, the huge demand for cryptocurrency in mainland China, and the development of blockchain technology. All of these factors led us to update the latest report we released in May 2018.
According to the latest statistics from the National Institute of Computing and Information Technology, the percentage of all Internet transactions in China in April 2018 reached 2. 65 billion, which is a growth of 14,069 times compared to the same month of 2016. In January 2018, the percentage of all Internet transactions increased to 1. 9 billion, by a much larger growth rate of 7,852 times compared to the same month of 2016, and this is still showing an upward trend.
The statistics from China’s national Internet companies also indicate a growing demand for cryptocurrency and Internet transactions. In April 2018, the percentage of Internet and online transactions in China reached a total of 2. 5 billion, which is a growth of 13,527 times. In January, the percentage of Internet transactions had reached a total of 1. 7 billion, by a large growth of 3,073 times.
In April and January, the percentage of all Internet transactions in China increased by 4. 8%, respectively.
According to the latest statistics from the Central Institute of Statistics, the percentage of all Internet transactions in China in October last year reached a total of 4. 1 billion, which is an increase of 3,844 times compared to the same month of 2016. In October 2016, the percentage of all Internet transactions reached a total of 1.
Tips of the Day in Cryptocurrency
Cryptocurrency has taken on a life of its own and it’s easy to see why. The market is incredibly volatile, there are tons of new and unique coins to experience, and there is a huge number of people that have invested in Bitcoin now that is now looking to trade those coins into those other coins. And while there is plenty of noise in the market, it’s also very clear that the vast majority of coins are very undervalued right now in the market and are trading at rates far above where they were back in 2014.
It’s not easy to decide which coin is the most attractive investment asset class in the world, but as someone that has traded currencies in the past, I know that there is a big difference between trading and investing. It’s also important to note that while there are some coins that aren’t worth the $35 to $50 price that a lot of people are selling them for, there are also a lot of coins worth $1000s to $3000s that people are buying them for.
Spread the loveA low value for Bitcoin is very much possible. This was the conclusion reached by the team at Bitstamp who recently released a report on the market position of Bitcoin across the globe. The authors of the report, Bitstamp’s Senior Market Analyst Mati Greenspan, and Bitstamp’s Marketing Director for Business Development, Daniel Tarras,…
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