Fig 1 – Daily BTC Enthusiasm
What is BTC Enthusiasm Level? It is the market reaction to news, usage, and trading volumes of BTC.
We created a formula that considers BTC highs, lows, daily trade volume, and news from the market place.
Our data is for the past 12 months with the high of 97.80 (July 7, 2017) and low of 64.75 (April 29, 2017) of BTC Enthusiasm.
We did notice a big drop in BTC Enthusiasm of 69.20 on April 11, 2018 but then it stabilized again.
Fig 1 – Monthly BTC Enthusiasm
We are considering 2018 could be a slow-moving year for BTC and result in continued slow movement of the BTC Enthusiasm Levels.
Looking at the historical monthly average levels of 90.15, we are now seeing a slight downward trend occurring in BTC Enthusiasm Levels.
Items that may increase BTC Enthusiasm Levels are: greater adoption of retail usage, acceptance of government regulations, and positive public use projects.
Retail usage is just hitting the ground as we are starting to see a slow adoption of alternative ways to accept BTC at retailers. I am hoping Walmart, Amazon, Ebay, and others are looking at how BTC could affect their bottom lines and planning on best usage adoption for their platforms.
Acceptance of government regulations is a big one with so many countries involved. The world governments are looking at taxing the transactions and trying to get control of the transactions as they pass within their country. Most countries have already started to establish rules for their people that will protect them from making unwise investments.
Positive public use projects are my two cents on how to get acceptance of BTC worldwide. Organizations of public projects could us BTC for all aspects of the event giving out BTC as change when a cash purchase is being handled. Accept BTC for tickets, food, or entertainment as part of the project. Distribute out any rewards using BTC.
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Our historical numbers are from CoinMarketCap
Figure 1 – Daily BTC Enthusiasm: Robert Armstrong – US Value Core, LLC
Figure 2 – Monthly BTC Enthusiasm: Robert Armstrong – US Value Core, LLC
Feature image – BTC Enthusiasm Levels: Robert Armstrong – US Value Core, LLC