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Cryptocurrency Statistics

Cryptocurrency Volatility, Skewness, Kurtosis

Cryptocurrency Volatility, Skewness, Kurtosis

Cryptocurrency Volatility, Skewness, Kurtosis Shown above are descriptive statistics of cryptocurrency returns, namely: standard deviation (aka volatility), skewness, and kurtosis of cryptocurrency returns. These statistics are moments of the probability density functions of cryptocurrency returns . Volatility is in units of %/day, and the skewness and kurtosis are dimensionless. A positive skewness means the peak of the distribution is shifted to the left (i.e. peak is towards a lower price) and a negative skewness means the peak is shifted to the right (i.e. peak towards a higher price). Kurtosis is a measure for how heavy the tails of the distribution are, and a larger kurtosis signifies a heavy-tailed distribution. For reference, a Gaussian distribution has a skewness of 0 and a kurtosis of 3. This chart is updated daily and is computed using 90, 180, and 365 days of log returns. It is in fact the same data as presented here but visualized differently. BTC = Bitcoin, ETH = Ethereum, BCH = Bitcoin Cash, XRP = Ripple, LTC = Litecoin, DASH = Dash, XMR = Monero, XEM = NEM, ETC = Ethereum Classic, XLM = Stellar Lumens, ZEC = Zcash, NXT = Nxt, REP = Augur, LSK = Lisk, FCT = Factom. Continue reading >>

10 Statistical Price Predictions For 10 Cryptocurrenciesjanuary2018

10 Statistical Price Predictions For 10 Cryptocurrenciesjanuary2018

10 Statistical Price Predictions for 10 Cryptocurrencies January2018 So, youre sitting at your computer with money to invest. You have made some good money already in the market, but you want more. Cryptocurrencies have reached a record $600 billion in market value after the recovery, with the inevitable $700 billion mark right around the corner. The price movement of top currencies remains a mystery. But it doesnt have to be. Cryptocurrencies are volatile, irrational beasts. Simple methods of forecasting grossly over/underestimate the potential of a volatile currency. For example, moving averages are used frequently to estimate future prices. Moving averages, however, suffer from many pitfalls that make them poor estimators of volatile markets. Every great and successful investor has a plan. You will add one more tool to your arsenal today. A BETTER METHOD FOR ESTIMATING CRYPTOPRICES In my prior article about estimating the movement of Bitcoin Prices , I spoke of a method that is used frequently in the stock world to estimate prices. This method is a Monte Carlo simulation using the geometric Brownian motion model. I wont cover off on the full methodology here, but essentially I am going to: Get historical daily prices for 10 top cryptocurrencies By the end of the article, you will have the following: A one-year simulation of top cryptocurrencies Likely price range of each cryptocurrency A downloadable model to complete yourself A note on forecasting, simulations, and recommendations: Monte Carlo simulations are to be used as guidelines and tools, not as gospel. I am not offering financial or investing advice. We can be 95% certain that Bitcoin prices will fall between $9,095, and $371,588 with a median of $60,837. Bitcoin Cash is peer-to-peer electronic cash for the Continue reading >>

Where Are The Women In The Blockchain Network?

Where Are The Women In The Blockchain Network?

Where Are The Women In The Blockchain Network? Cryptocurrency and blockchain are set to become one of the largest disruptive technologies in the world. As expected, the sector has seen immense startup growth and investor interest. But as we continue to witness successes in fundraising, ICOs (Initial Coin Offerings), and application growth in blockchain technology, a worrying trend also comes to light the extremely high gender inequality in the sector. The gender bias in cryptocurrency and blockchain Only 5% to 7% of all cryptocurrency users are women, making the industry a highly male-dominated one. This extends to every avenue of blockchain and cryptocurrency, proven by a brief look at the related statistics . In 2017, investors in Bitcoin witnessed wealth creation of approximately $85 billion only $5 billion, or a mere 5.88%, of this was obtained by women. Ninety percentof Bitcoin users are men. When this group is expanded, it is seen that only a mere 1.76% of the entire Bitcoin community are women. While it is common knowledge that the tech industry has always had a lack of women, cryptocurrency seems to be male-dominated right from its roots. Its earliest adopters primarily included male PC gamers and cyberpunk community members. In fact, cryptocurrencies gained popularity through websites, forums and apps like Reddit and 4chan which are also constituted primarily of male users. Even over time, the gender bias problem has shown little significant improvement. Due to its origins of being male-dominated, the public perception of crypto-assets and Blockchain software continues to be that of an industry that is unappealing, and even unviable, for women. At the same time, cryptocurrencies and blockchain are strongly driven by coders, a profession that is more often than Continue reading >>

How To Build A Long-term Crypto Portfolio

How To Build A Long-term Crypto Portfolio

How to build a long-term Crypto portfolio Home Altcoins How to build a long-term Crypto portfolio How to build a long-term Crypto portfolio The cryptocurrency market has returned over 900% since the beginning of 2017 (at the time of writing this). You cannot find these kinds of return on investments in the stock market or anywhere. If you had made an investment of $500 in January, you would have made $5000 in less than a year (!). This type of strategy is known as long-term investing, and this guide is aiming to show you how to implement this investment method to construct a long-term cryptocurrency portfolio. Long-term investing is simply as its name says taking a long-term view of investments. Everyone defines long-term differently. In the stock market, long-term normally means anything that lasts years However, given the fact that the cryptocurrency market moves extremely quickly, we can scale that number down to couple of months or a year. If we look at stock market investment, the legendary investor, Warren Buffet, is an advocate of long-term investment because of the many advantages it has to offer. The Advantages of Long-term Crypto Investment Historical statistical data of a growing economy has proven that it works: Looking at the S&P 500 over a 5-year period, it has achieved a return of around 60%. The same can be said for the FTSE 100 , which achieved a return of 25% over the same time period. Markets generally tend to trend upwards over a period of time, so with this in mind, long-term investing does have its merits. This can be said not only about the last 5 years, but for almost every 5 years throughout the history of the new economy. Lower fees: If you take an active trading approach to investing, then it is expected that fees from exchanges will trim you Continue reading >>

Literally Just One Massive Chart That Says Everything About Bitcoin In 2017

Literally Just One Massive Chart That Says Everything About Bitcoin In 2017

Literally just one massive chart that says everything about bitcoin in 2017 Bitcoin has been busting through $100 milestones at a blindingly fast pace all year long. Thats how long it took bitcoin BTCUSD, -2.03% back in April 2013, to rise from $100 for a single bitcoin to $200. Fast forward four years and the cryptocurrency has shot up over the $5,000 mark and has been scaling $100 milestones in a matter of hours on a routine basis. On Wednesday evening, the price of a single bitcoin was around $4,800; by Thursday afternoon it had shot up to top $5,300 for the first time. While these milestones have become lesser and lesser accomplishments as bitcoin has continued to blaze along its upward path bitcoin would now only need to rise 1.9% to go from $5,300 to $5,400, compared with 100% when it doubled to $200 it is also indicative of just how astonishingly fast the digital currency has been rising this year. So fast we are barely able to fit all the milestones onto this whopper of a chart (and have been updating it many, many times this year). If that chart isnt making bitcoins staggering ascent abundantly clear, here are some more stats that should do the job: One year ago, on Aug. 31, 2016, bitcoin was trading at $640. Which means bitcoin is up over 727% over the past 12 months. So, thus far in 2017, it is up over 450%. Bitcoin surged 66% over the month of August, during which it zoomed through 17 $100 milestones. The cybercurrency has risen by about 75% since hitting a low of $2,985.24 in mid-September. It had been vacillating in the $4,300-$4,500 range for much of October before suddenly zooming up to $5,300 today. Why? Well... There have been 10 days in 2017, five in August alone, in which bitcoin has scaled past several $100 milestones in a single day. At current le Continue reading >>

A Tool For Making Sense Of The Cryptocurrency Markets

A Tool For Making Sense Of The Cryptocurrency Markets

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. A Tool for Making Sense of the Cryptocurrency Markets Filter out the noise and focus on the important trends. Photographer: Jung Yeon-Je/AFP/Getty Images Bitcoin rose 88 percent from Dec. 1 to 19, then fell 23 percent by Dec. 30, a net 44 percent increase for the month. Attention naturally focused on those events, but the important longer-term story is what's happening within the entire cryptocurrency sector. The market value of all non-bitcoin crypto assets rose 153 percent during bitcoin's upswing, and 4 percent more while bitcoin declined, for a return of 162 percent for December to a diversified investor in crypto ex-bitcoin. But there are more than 3,000 cryptocurrencies, tokens and assets. Each can have communities, networks and tokens that overlap but are not identical. And each has different technical underpinnings and use cases, and none has traditional financial metrics. So, how can an investor make sense of the market? A mathematical tool called factor analysis can filter out noise. Instead of studying technical indicators like hashing power, block size and supply control, it can identify the user experience factors that seem to be important for prices. We use statistics to extract the main factors that seemed to drive most of the moves of cryptoassets Continue reading >>

Grafana Review - Accurate Global Cryptocurrency Coins Statistics?

Grafana Review - Accurate Global Cryptocurrency Coins Statistics?

Usually, numbers do not lie. Statistics are among the most important metrics in any business investment. The recent unforeseen surge in the crypto space is a testament to this. In a span of a few months, the value of Bitcoin has increased by previously inconceivable proportions. Similarly, other altcoins such as Ethereum and Litecoin are also recording remarkable surges in their prices. For investors, delving into the digital currency business is all about profit. However, there are certain factors that affect the rate at which the value of the virtual currencies grow , and they need checking on a regular basis. Grafana offers a platform through which business people can assess various market trends, and as result make better and informed decisions. On this site, users can access a dashboard displaying various metrics relevant to the cryptocurrency world. Here, clients can view the latest trends for the major digital currencies, Bitcoin and Ethereum. Additionally, there is an exclusive dashboard showing Reddit stats, regarding the popularity of other upcoming altcoins. On top of that, there is a global stats page that outlines the market capitalization of various cryptocurrencies . Generally, Grafana is an excellent source of information, as the data is updated on a real-time basis. Even better, the site is accessible for free. This is the go-to place for cryptocurrency maniacs who want to make a killing off this business. Enter Your Email To Receive Weekly Cryptocurrency Coin Reviews, News & Investing Insights I will never give away, trade or sell your email address. You can unsubscribe at any time. Continue reading >>

Must Read! Report Cryptocurrency Statistics: 2.9+ Million People Use Crypto

Must Read! Report Cryptocurrency Statistics: 2.9+ Million People Use Crypto

source: The current number of unique active users of crypocurrency wallets is estimated to be between 2.9 million and 5.8 million. The lines between the different cryptocurrency industry sectors are increasingly blurred: 31% of cryptocurrency companies surveyed are operating across two cryptocurrency industry sectors or more, giving rise to an increasing number of universal cryptocurrency companies. At least 1,876 people are working full-time in the cryptocurrency industry, and the actual total figure is likely well above two thousand when large mining organisations and other organizations that did not provide headcount figures are added. Average security headcount and costs for payment companies and exchanges as a percentage of total headcount/operating expenses are similar, but significantly higher for wallets. The exchanges sector has the highest number of operating entities and employs more people than any other industry sector covered in this study; a significant geographical dispersion of exchanges is observed. 52% of small exchanges hold a formal government license compared to only 35% of large exchanges.On average, security headcount corresponds to 13% of total employees and 17% of budget is spent on security. Between 5.8 million and 11.5 million wallets are estimated to be currently active. The lines between wallets and exchanges are increasingly blurred: 52% of wallets surveyed provide an integrated currency exchange feature, of which 80% offer a national-to-cryptocurrency exchange service. In contrast with exchanges, the majority of wallets do not control access to user keys. While 79% of payment companies have existing relationships with banking institutions and payment networks, the difficulty of obtaining and maintaining these relationships is cited as th Continue reading >>

Cryptocurrency Statistics, Facts And Trends

Cryptocurrency Statistics, Facts And Trends

Cryptocurrency markets are truly fascinating. Even though cryptocurrencies dont inherently have any value, investors and consumers alike have both added high dollar values to Bitcoin and its alternatives altcoins. While Bitcoin is unarguably worth more than any other cryptocurrency on the market, even when one doesnt take its current dollar value into consideration and only thinks about potential growth in the coming twelve months, its also likely the most valuable. However, the cryptocurrency market at large has been shaken up in a positive sense since Bitcoins price began to skyrocket roughly six months ago. Here are nine eye-opening statistics related to the field of cryptocurrency, Bitcoin, altcoins, and a handful of aspects of trade inherently linked to them. Although Mining Bitcoin Is Expensive, Total Rewards Make It Lucrative Mining Bitcoin in 2018, or verifying transactions by using computer power, electricity, and bandwidth to crack encrypted codes, is incredibly expensive to have the slightest hopes of turning profits. However, with sizable initial investments and an aptitude for learning the market, its possible to earn substantial returns. ( MinerHosting.net source Bitcoin Mining Statistics 2018 ) According to Bitcoin.com, total mining rewards in the past 24 hours total a whopping $12,800,000. Its worth reiterating that beginners with little capital outlay to invest in mining Bitcoin or any other cryptocurrencies should refrain from doing so. Although trading Bitcoin itself is inherently risky due to the nature of cryptocurrencies as investments, its always a safer bet for those without extensive experience in information technology or computer science, and individuals without loads of cash to be comfortable with throwing away in the proverbial garbage can. Continue reading >>

Cryptocurrency Exchange Statistics

Cryptocurrency Exchange Statistics

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2017 In Statistics: Which Cryptocurrency Gained The Most?

2017 In Statistics: Which Cryptocurrency Gained The Most?

2017 in Statistics: Which Cryptocurrency Gained The Most? 2017 was an exciting year for everyone who had invested into cryptocurrencies. The markets were on a boom and almost every cryptocurrency saw a rise. Now that the year has passed, we have the complete statistics. Let us take a detailed look at the top performing cryptocurrencies from the year and the reason behind their rise. Having grown by over 735,000% Verge is the biggest winner for the year. Basically this means that had you invested a dollar in XVG on 1st January 2017, the return on that investment at the end of the year would have been close to $7350. Verge boomed a lot towards the end of the year when news about Wraith protocol began to make rounds in the markets. Following that, John McAfees tweets too, helped the growth of Verge. Ripples growth has been quite the success story of the year. At a massive growth of over 36000%, investing $1 in Ripple on 1st of January, 2017 would have given you a return of $360 towards the end of the year. Ripples high profile partnerships and associations with names like Softbank benefited them a lot helping the coin grow to $3.5, reaching the #2 market cap in that process. Ethereum witnessed a massive growth of over 9000% in 2017. Towards the end of the year, the currency faced a stiff competition from Ripple, which was on a growth rally. Ripple surpassed Ethereum for the #2 position and that was the day the flood gates were opened. For the first time, an altcoin crossed the $100 Bn market cap mark. Since then, ETH has been trying to gain back the position that they had lost shooting up to $1200 in the process. Investing $1 in Ethereum would have given you a return of $90 in return. The cryptocurrency markets are very volatile and are driven by sentiments. Stay alert an Continue reading >>

Workbook: Cryptocurrency Stats

Workbook: Cryptocurrency Stats

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Bitcoin By Numbers: 21 Statistics That Reveal Growing Demand For The Cryptocurrency

Bitcoin By Numbers: 21 Statistics That Reveal Growing Demand For The Cryptocurrency

Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency By whatever metric you care to measure it, 2017 has been a record-breaking year for bitcoin. From transactions to trading volume, and from wallet installations to market cap, every possible metric has been surpassed, shattered, and then shattered again. The cryptocurrency world evolves at such a dizzying pace that it can be hard to take in the magnitude of everything thats happening in bitcoin. In the words of Ferris Bueller, If you dont stop and look around once in a while, you could miss it. As an intangible digital currency, it can be hard sometimes to appreciate where bitcoin is at and how far its come from such humble beginnings less than nine years ago. The following stats help bring bitcoin to life, making it easier to visualize the state of the network today. (Note: all figures are averages and were accurate at the time of publication.) 96: countries where bitcoin usage is unrestricted. Bitcoin statistics for the week ending November 1st. $12.8 million: mining rewards in the last 24 hours. 326,000: bitcoin transactions confirmed in the past 24 hours. 96%: amount of bitcoin owned by just 4% of addresses (containing 2.9 million BTC). 457,000: number of addresses richer than $10,000. 715,000: number of active addresses in the last 24 hours. $19 billion: value of the 100 richest bitcoin addresses. 500,000: number of Bitcoin.com wallets downloaded. 400,000: number of subscribers on r/Bitcoin . 12 million: number of Coinbase users (1 million of whom were added in the past three weeks). 18.5 million: number of Blockchain.info wallets. 80,000: number of bitcoin tweets sent per day. For anyone who wants to geek out on more bitcoin stats, Cryptocompare , Onchainfx , Bitinfocharts and of c Continue reading >>

Interesting Crypto Stats For 2017 - Cryptocurrency

Interesting Crypto Stats For 2017 - Cryptocurrency

1 - 2 years account age. 200 - 1000 comment karma. Let's suggest we're some lazy investor and don't give sh*t about the Tech and its usefulness, so we would just have chosen the top ten coins from Jan 17: I'll add a link to a post which didn't receive much attention. Always the same, 90% memes, fun and shill. Everything educational isn' t recognized appropriately in this sub. I personally think it's a good guide. It's not lambo math, it's historical math based on the top 10 from 12 months ago. Lambo math would be extrapolating this data to next year. $761,721 --> $58,020,288.57 u call it that, for me its lambo math :)) joking of course 1 - 2 years account age. 200 - 1000 comment karma. thx!! didn't even know that this format is possible! I've kept saying the same for months, buying the top coins is the safest strategy. Those are the blue chips of cryptos, only doubling once every 3 months. If you look at the top 10 from 2 years ago, it also had Stellar along with BTC, ETH, XRP, LTC, and DASH. XMR was not far below. So despite cryptos making sudden gains of 5x-10x and going up by 50x-100x over this whole time period, the top coins still didn't change much. Just curious, is this a terrible strategy? I have most of my portfolio in ETH and believe most in that at the moment, but some of the other tech seems interesting enough to warrant diversifying a bit. I would say that all things considered, this is a bad strategy. Right now, you have limited upside, with some fairly high risk as well. Now, I'm not saying that ETH is going anywhere any time soon. But if you wanted to limit risk, you would diversify among several of the established coins. If you wanted to generate upside, you would pick some coins that have a bit more growth potential. Those would typically be small to Continue reading >>

The Cryptocurrency Market Is Growing Exponentially

The Cryptocurrency Market Is Growing Exponentially

The Cryptocurrency Market Is Growing Exponentially Bitcoin dominates over other digital currencies today, but the data suggests its market share will drop significantly in the next few years. When it comes to the future of money, there is a growing consensus that cryptocurrencies are set to play a major role. One cryptocurrency, in particular, has entered the public lexicon as the go-to digital asset: Bitcoin. But the cryptocurrency market is significantly more complex than the public lexicon might suggest. And while there have been plenty of studies examining the role and future of Bitcoin, there have been few that explore the broader cryptocurrency market and how it is evolving. Today that changes thanks to the work of Abeer ElBahrawy at City University in London and a few pals who have examined the cryptocurrency market as a whole and say that it is significantly more complex and mature than many had thought. The evolution of this market even bears a remarkable similarity to the evolution of ecosystems in many other areas, providing some insight into the way the cryptocurrency market might change in the future. First some background. The big challenge with digital currency is to prevent unauthorized copying. Cryptocurrencies use two mechanisms to prevent this. The first is to publish every transaction in a public record and to store numerous copies of this ledger online in a way that allows them all to be automatically compared and updated. This prevents double spendingusing the same bitcoin to buy two different things. The second mechanism is to protect the ledger cryptographically. Every update collects together a range of new transactions and adds them to the existing ledger. But to do this, the earlier version of the ledger is first frozen and encrypted. The new Continue reading >>

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