I don't think this matters. You're not referring to 30 forks on Bitcoin...right? Most of them go unknown so most of them don't influence the price of Bitcoin
Cash and Gold have influenced BTC price, you can see it on coinmarketcap graphs (shortly before forks)
Futures trade completely separate from the Blockchain, so there's no direct influence on the price from futures trading. Companies taking futures positions or making a market in futures need to buy and hold Bitcoin to serve as reserve for their futures positions (particularly if they're going short), so the futures business is supporting the price of Bitcoin due to that activity.
I think that opening up to external markets has directly influenced the price.
Look here:
https://www.youtube.com/watch?v=hwel3L6IZnc&t=68sAgreed to the decline in dominance, not to a collapse. How are you measuring "80% to 40%"? Of what?
(BTC Market cap)/(Total cryptocurrencies market cap )
Sure...but as media has died down so will the "newbie buyer" hype. This will slow the speculation.
Totally agree!
Lightning Network is coming. And, actually, I think it's the lack of merchants wanting to hold or deal in Bitcoin that's made a greater impact on Bitcoin's utility shifting to an investment class.
I'm waiting for them.
they could be an excellent solution
Nice chart, you should explain to us what the logarithmic scale does for charts like this.
Ok. I took BTC price week by week, and then I calculated:
logarithmic scale price = log10($ price)
In this way I avoided the crushing of data (in the graph) in the years when the price was lower.
Some examples:
log10(1000)=3
log10(10000)=4