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    Bitcoin Miniscript: enabling composition and analysis of Bitcoin Script

    August 20, 2019

    Bitcoin Miniscript: enabling composition and analysis of Bitcoin Script

    Miniscript: enabling composition and analysis of Bitcoin Script

    Posted: 19 Aug 2019 04:45 PM PDT

    It's that simple.

    Posted: 19 Aug 2019 04:17 PM PDT

    Pieter Wuille launches website for the Miniscript project

    Posted: 20 Aug 2019 01:04 AM PDT

    Well Fargo just charged me $2 because I checked how much money was in my account from a Non-Network ATM. This current system is outdated and need to change.

    Posted: 19 Aug 2019 10:33 PM PDT

    Daily Discussion, August 20, 2019

    Posted: 20 Aug 2019 12:00 AM PDT

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Spot the Bubble

    Posted: 20 Aug 2019 03:19 AM PDT

    Why we need to HODL! Donald Trump signs budget bill as experts warn he's on track to add trillions to U.S. debt

    Posted: 20 Aug 2019 01:03 AM PDT

    Bank of America getting into the crypto wallet business. Shits about to get serious real fast!!

    Posted: 19 Aug 2019 04:15 PM PDT

    Bitcoin may have some competition (not)

    Posted: 20 Aug 2019 12:25 AM PDT

    Btc ATM in Malaga

    Posted: 20 Aug 2019 04:23 AM PDT

    Hello Kitty

    Posted: 19 Aug 2019 11:50 AM PDT

    Max Keiser: New Bitcoin Network Hash Rate High Suggests Price Is Next

    Posted: 20 Aug 2019 03:21 AM PDT

    A $1.6 Billion Horror as Ghana Investors Can’t Get Their Savings

    Posted: 19 Aug 2019 12:53 PM PDT

    Spotted in London.. it’s definitely time

    Posted: 19 Aug 2019 05:03 AM PDT

    Tweet About @Bitcoin handle previously supporting BCH. Now supports BTC again.

    Posted: 20 Aug 2019 03:27 AM PDT

    Only one

    Posted: 19 Aug 2019 07:35 AM PDT

    What Happened to the @Bitcoin Twitter Account? - Simon Dixon

    Posted: 19 Aug 2019 11:55 PM PDT

    Bitcoin's Security Budget is Adequate

    Posted: 20 Aug 2019 02:54 AM PDT

    My take on relation between mining rewards and value of onchain transactions. I think we can observe a nice correlation and we can also explain it with basic knowledge of how mining & protocol incentives work. But I would like to hear any comments and critique, as I might just mistake noise for the signal.

    https://hackernoon.com/how-much-should-bitcoin-miners-earn-in-the-future-undy3vih

    submitted by /u/KryptoJoe
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    @Bitcoin twitter handle switch back to bitcoin.org

    Posted: 19 Aug 2019 06:38 AM PDT

    GBTC and ETN bitcoin holdings at ATH.

    Posted: 20 Aug 2019 03:11 AM PDT

    Investors in those two products are holding record amount of bitcoin since those products went live.

    GBTC: 239 198 btc https://grayscale.co/#

    ETN (ETN SEC +ETN EUR): 64 749btc https://xbtprovider.com/

    ​

    Anyone knows for any other products which data is public? Thanks :)

    HODL!

    submitted by /u/_ich_
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    @bitcoin twitter handle deleting past Bitcoin cash shills and changed website url back to Bitcoin.org . Either someone is Angry with Roger Ver or having liberation.

    Posted: 19 Aug 2019 09:46 AM PDT

    Biggest telecom company in Austria accepting BITCOIN!

    Posted: 19 Aug 2019 01:47 PM PDT

    How it feels when I post on /r/cryptocurrency

    Posted: 19 Aug 2019 05:21 PM PDT

    Cryptocurrency correlation analysis: how do altcoins depend on bitcoin in 2019?

    Posted: 20 Aug 2019 12:16 AM PDT

    Cryptocurrency correlation analysis: how do altcoins depend on bitcoin in 2019?

    We have repeatedly said that the value of most coins depends on the value of bitcoin. This factor is very important in the formation of the portfolio, and we will discuss this in more detail.

    To do this, we introduce a term such as "correlation". Correlation is a market situation in which one asset repeats the movement of another asset. The dominant position now is Bitcoin. Coins such as Ethereum, Litecoin, Ripple and others are subject to fluctuations when the value of "digital gold" changes.

    The range of correlation changes is from -1 to +1. Three scenarios are possible:

    The correlation coefficient is +1. The movement of two coins occurs absolutely synchronously, that is, a change in one of them in price, due to some external factor (for example, a sharp drain of assets from large holders, hacking of the exchange or sanctions on an asset by a large state), leads to an inevitable change in the price of the second.

    The correlation coefficient is 0. Assets move relative to each other independently, that is, a change in the price of one of them doesn't affect the other coin.

    The correlation coefficient is -1. The movement of assets is carried out in opposite directions, that is, an increase in the price of one of them leads to a decrease in the other (in the same percentage).

    Here we need to give a more vital example for you. With the growth of income, the value of real estate becomes higher due to greatly increased demand. This is an example of a positive correlation. With wasted time, your academic performance is low. The more time is spent, the lower the performance. Here we already see a negative correlation.

    ​

    Correlation of cryptocurrencies among themselves on a 3-month period

    You can see the degree of correlation of sixteen digital currencies with the highest market capitalization. The period in question is 3 months. However, the value of the correlation coefficient decreases, for example, the correlation matrix for 1 year shows a decrease in the average value by 0.2.

    ​

    1 year matrix correlation

    It's easy to see that almost all the coins are positively correlated. This tells us that external factors somehow affect the value of each asset. Somewhere – to a greater extent, somewhere – to a lesser extent.

    If we Iook at 3 months correlation matrix, must say that the correlation between the two industry giants (Bitcoin and Ethereum) is 0.63, which once again proves their dependence. And, for example, the correlation between Monero and Dash is 0.96, so they move almost synchronously.

    We have already said that today Bitcoin is the main digital asset. Let's evaluate the degree of its correlation with some assets in more detail.

    Ethereum. In the short term, the correlation is very high (0.7 – 0.9). But with an increase in the period, it begins to fall (an example was given above), since the monthly delay factor affects (when the correlation is measured, then price fluctuations that occur at the same time are taken into account).

    ​

    Fig. 2. The dynamics of the value of Bitcoin for six months

    ​

    Fig. 2. The dynamics of the value of Ethereum for six months

    Litecoin. Both coins have the same pricing mechanism. Let's say even more: Litecoin was created as an improved version of bitcoin (that is, without its obvious shortcomings). When creating Litecoin, the Bitcoin blockchain was used, therefore it is not surprising that with rare exceptions (for example, while waiting for the SEC decision), the accuracy of the correlation of the two assets is quite high.

    ​

    Fig. 3. The dynamics of the value of Litecoin for six months

    Ripple. There is a less pronounced correlation, although it is definitely visible. The main difference is that the coin reacts more calmly to changes in the market.

    ​

    The dynamics of the value of Ripple for six months

    The second point, which is visible from the table, is the inverse correlation of cryptocurrencies to the fundamental indicators listed above. It clearly shows us a negative dependence on the US stock market S & P500 and on the VIX volatility index. However, the dependence on gold is minimally positive.

    To summarize of cryptocurrency correlation analysis the above, it can be noted that when forming a cryptocurrency portfolio, it is important to take into account the degree of correlation of one coin from another. It is best to acquire digital assets that have a low positive or negative correlation coefficient. This will help you protect the portfolio in case of negative external or internal factors (for example, a coin was found to be vulnerable).

    You might have a reasonable question of whether there is a correlation between the cryptocurrency and the traditional market. We will talk about all this in our next article. Do not miss! Thank you for reading this article about cryptocurrency correlation analysis.

    submitted by /u/holderlab
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    If only there was a system strong enough to access my funds 24/7

    Posted: 19 Aug 2019 09:25 AM PDT
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