Bitcoin is the first and most popular cryptocurrency. It powers a peer-to-peer network for the exchange of value through the use of a decentralized protocol. The idea behind Bitcoin is to have a system where there is no middleman or central authority. Bitcoin refers to the Bitcoin software protocol as well as to the monetary unit, which goes by the ticker symbol BTC. At its most basic level, Bitcoin is useful for transacting value outside of the traditional financial system. You can buy and sell BTC for other cryptocurrencies alongside more traditional currencies at crypto exchanges like Binance, Kraken and Bitstamp.
Bitcoin was launched in 2009 by a mysterious person (or group of people) known as Satoshi Nakamoto. What sets Bitcoin apart is that it's completely decentralized, meaning no single entity controls it. Instead, it's maintained by a network of computers, known as miners, who validate transactions.
You can break a single Bitcoin down into 100 million tiny pieces called "satoshis." Owning and sending Bitcoin is fairly straightforward. You keep them in a digital wallet and can send fractions of a Bitcoin to pay for stuff. But when you dig into the technicalities, it's like peeling an onion—layer after layer of complexity.
All Bitcoin transactions happen on a blockchain. Think of it as a public digital ledger that everyone can see but no one can tamper with. Miners are the ones who validate and secure these transactions. They solve complex math problems to validate transactions and are rewarded with new bitcoins for their efforts.
Key Points to Remember
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We have seen a pretty nice pump from $BTC and dominance again above 50%. We don't hold $BTC, but still ... its good performance is essential for potential altseason.
$LINK is hovering around 8$, and if momentum lasts we could see 9$ soon. $RUNE is doing great, finally above 2$. Don't forget its peak was above 20$.
Still holding $INJ and $ROSE.
Have a nice day! 😉
1/4
Morning update:
Green dots once again showed us the direction early on and now we finally printed a meaningful bounce🚀 Bitcoin rose above $28k as over $400 million worth of shorts got liquidated. Now our sub $26k entry does not look that bad after all😉 $BTC
2/4
More importantly, the Coinbase Premium remains positive, signaling strong spot buy pressure coming from the US👌 $BTC
⚫️ Beta Math Index
⚫️ As of Oct 1, 2023
⚫️ Beta Math Index
The BMI is a smart beta index designed to track the performance of mega cryptocurrencies and which are among the components of the Hugh Math Index.
The index components are selected within a cut-off point approximately 80% ±5% of the Hugh Math Index within the mathematical equation:
(Beta Math Index + Vega Math Index) >=90% of Hugh Math Index Standard
Beta Math Index = Hugh Math Index EX-Vega Math Index
⚫️ Quick Facts
▪️ Number of Constituents (2)
▪️ 64.24% of Total Market Cap (702.7bn)
▪️ 81.49% of Hugh Math Index Standard
▪️ Launch Date: Nov 12, 2022
▪️ Type: Passive - Smart beta index
▪️ Focus: Secret sauce "Statistical base"
▪️ M&J Global Style Box: Large - Blend
▪️ Weighting Method: The square root of market capitalization
▪️ Constituents selection: Quarterly in March, June, September, and December
▪️ Rebalancing: Monthly
▪️ Periodic review: Weekly
▪️ Benchmark: Hugh Math Index
⚫️ Key Highlights
▪️ Not diversified enough, but provides comprehensive statistical coverage of the entire cryptocurrency market with just a few assets.
▪️ The Beta Math Index is designed to be for passive copiers to participate in the cryptocurrency market on an objective basis, where you can use Buy and hold or use Dollar Cost Averaging (DCA) to reduce market risk or Buy the dips - sell the rips!
⚫️ Overall Crypto Strategy Composition(%)
▪️ Coins (100%)
⚫️ Top 2 Holdings(100% of Total Assets)
$BTC (62.03%)
$ETH (37.97%)
⚫️ Sector Weightings(%)
Currency(62.03%)
Blockchain Infrastructure(37.97%)
🔵 To copy this crypto strategy
https://www.iconomi.com/asset/BMINDEX
⚫️ Disclaimer
▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.
▪️ Past performance is not a guarantee of future results.
▪️ Investing involves risks, including the possibility of losing capital.
Beta Math Index
Math-Based Investing
⚫️ Hugh Math Index
⚫️ As of Oct 1, 2023
⚫️ Hugh Math Index
The HMI is a broad-based Index for the cryptocurrency market designed to measure the overall growth of the cryptocurrency market by tracking the performance of a large of crypto assets picked to represent the broader cryptocurrency market.
⚫️ Quick Facts
▪️ Number of Constituents (40)
▪️ 74.51% of Total Market Cap (815.1bn)
▪️ 94.53% of Hugh Math Index Standard
▪️ Launch Date: Jul 28, 2021
▪️ Type: Passive - Broad-based index "Benchmark"
▪️ Focus: The broader cryptocurrency market
▪️ M&J Global Style Box: Large - Blend
▪️ Weighting Method: The square root of market capitalization
▪️ Constituents selection: Quarterly in March, June, September, and December
▪️ Rebalancing: Monthly
▪️ Periodic review: Weekly
▪️ Benchmark: Total Market Cap
⚫️ Key Highlights
▪️ Diversified and provides comprehensive coverage of the entire cryptocurrency market.
▪️ The Hugh Math Index is designed to be for passive copiers to participate in the cryptocurrency market on an objective basis, where you can use Buy and hold or use Dollar Cost Averaging (DCA) to reduce market risk or Buy the dips - sell the rips!
⚫️ Overall Crypto Strategy Composition(%)
▪️ Coins (80.84%)
▪️ Tokens (19.16%)
⚫️ Top 10 Holdings(65.06% of Total Assets)
$BTC (24.8%)
$ETH (15.18%)
$BNB (6.27%)
$ADA (3.22%)
$DOGE (3.21%)
$SOL (3.07%)
$DOT (2.43%)
$MATIC (2.39%)
$SHIB (2.27%)
$LINK (2.22%)
⚫️ Sector Weightings(%)
Blockchain Infrastructure(57.43%)
Currency(24.8%)
DeFi(7.79%)
Meme(5.48%)
GameFi(2.56%)
Blockchain Service(1.94%)
🔵 To copy this crypto strategy
https://www.iconomi.com/asset/HUGHMATH
⚫️ Disclaimer
▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.
▪️ Past performance is not a guarantee of future results.
▪️ Investing involves risks, including the possibility of losing capital.
Hugh Math Index
Math-Based Investing
