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BitMEX Research @BitMEXResearch
, 4 tweets, 2 min read Read on Twitter
The Bitcoin price premium on Bitfinex continues to increase compared to other exchanges. The premium is now almost 1.75%
Premium now almost 2.4%
The Bitfinex Bitcoin price premium over Bitstamp now reaches over 11%. Is there a risk the Tether reserve bank wont allow further redemptions/withdrawals or is this just FUD?

See our report on Tether from February 2018:
blog.bitmex.com/tether/
The premium is eroding
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We are proud to announce the launch of ForkMonitor.info, a new website sponsored by BitMEX Research. The site is connected to several nodes, both Bitcoin and Bitcoin Cash. It can be used to monitor the network during softforks or hardforks

blog.bitmex.com/bitmex-researc…
What will happen to Bitcoin ABC, Bitcoin SV and Bitcoin Unlimited during the BCH hardfork on 15th Novemeber?

@ProfFaustus 's (AKA "Fake Satoshi") node, Bitcoin SV, is expected to fork off from the network onto a new chain. Find out what will happen at forkmonitor.info
After the Bitcoin Cash hardfork is complete, the website’s intention is to move some of the focus over to Bitcoin. The plan is to run more versions of Bitcoin Core (especially older versions), as well as independent implementations such as Bcoin, BTCD and Libbitcoin
Read 4 tweets

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It's a common misconception that an appreciating currency won't be spent. Everyone has needs/expenses that can't be put off. Food, rent, basic services, and productive goods and services. 1/
2/ It's quite weak to say, "most products won't be bought if people have a higher propensity to save," because that's admitting most products are only bought now because of inflation.
3/ Of course, that's not true for many items today. They are bought and/or consumed because they are productive in some way.

#Bitcoin will be spent on productive goods. No one can rationally claim that people would rather save than survive.
Read 5 tweets
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1/ Below is a Q3 2018 update on the global monetary base, or base money. This is certainly not the M1 money supply. Not M2. Not M3. The distinction is important. What is base money? Is it #gold? Is it government fiat? #Bitcoin?? Have some charts to share. This is installment #2…
2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.
3/ Traditionally, commodity money has been asset-based, most notably gold. Gold is a true asset of the holder. If you own gold free and clear, it is your asset, and no one else's debt, no one else's liability.
Read 64 tweets
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1/ Very pleased to share a summer project: a comprehensive, supply-side view of the base money supply across the globe. What is base money? Gold? Fiat? Bitcoin?? Have some charts to share…
2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.
3/ Traditionally, commodity money has been asset-based, most notably gold. Gold is a true asset of the holder. If you own gold free and clear, it is your asset, and no one else's debt, no one else's liability.
Read 61 tweets
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Context matters.

A pullback to 6850 right after the breakout that took price to 7500 would have been an instant sell.

A pullback to 6850 after a 40% pullbackless run to 8500 is very different. IMO it is a buy. Waiting for the right intraday setup to execute.

#bitcoin
Waiting for the right setup to execute = tap out of 6850, high volume upthrust, or price rolling over upwards (e.g. aug/3). Not simply buying here. Trade would initially be to 7470, likely with 1 profit taker in the 7300s, and have a 100-200 stop, depending on entry.
Ideal long entry is upon 6850 getting run over and reversing (the tap out). If it happens, great.
Read 4 tweets
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We're attracted to having large numbers of things.
Some #altcoins should therefore split to unlock latent value; the more utilitarian the $crypto token, the more potential benefit if cheap & numerous.
eg $GEO - large caches seem more bountiful, single tokens have cheap utilities
More examples:
$BLOCK - Service rewards are non-decimal numbers
$FANS - small bets are still whole numbers; big bets are BIG numbers
$DCR - better representation as a currency as well as store of value
Everyone says #Bitcoin is infinitely divisible and wallets can be revised to move the decimal, but no coin to my knowledge has ever done this (instead splitting by fork). Attempts to hack people's impressions, like promoting denomination in bits (100 sat), have failed so far.
Read 6 tweets
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My #consensusinvest talk in a bunch of tweets. Special thanks to @CoinDesk for making the day possible. Hoping we’ll see a video edit soon. /1 
I don’t come from Wall St. I’m not a formally trained analyst. My background comes from the world of emerging tech and startups. Hence my view and analysis tends to be outside of the box. /2
I publish brain farts! /3
Read 33 tweets

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