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RE: How to Evaluate Cryptocuyrrencies in this information Jungle?!?

in #cryptocurrency6 years ago

Some helpful things here I haven't seen, thanks for posting.

I'm new to Steemit but have been working on a number of models re: Bitcoin and other blockchains with transaction metrics easily accessible and I have to say: it has been astonishing how closely related network infrastructure (where the rubber meets the road - actual dollars and cents being spent to support the network) is to prices themselves. When I apply any of them, rarely do I see less than 90% correlation in terms of explaining prices themselves.

Applied to Bitcoin, this is huge, because you're creating a macro argument as to when prices are likely to rise / decline as a whole. Be interesting to see if others have more info evaluating "intrinsic value" based on the network - ie things you can literally pick up with your hands (hardware, real estate, energy production, etc.)