RE: On-Chain Metrics (Part-2)- Steemit Crypto Academy- S4W3- Homework Post for @sapwood by sapwood

hive-108451 · @sapwood · Sep 27 '21

Thank you for attending the lecture in Steemit-Crypto-Academy Season 4 & doing the homework task-3

> The reason why his entire value of the user's wallet will be adjusted, is because, as soon as he sells 10 TLOZ, the entire 1000 TLOZ is sent out and remaining balance minus transactions will return back to the users account in the current market rate.

That's true. But make sure is it really UTXO based chain, if not, then this argument will become invalid for this case.

Why??

Because in UTXO based chain (eample- BTC, LTC), there is no such accounts or wallets in the 0-layer, and all the coins exist as UTXOs. By contrast, in account-based chains (e.g. ETH, EOS), the coins are with an account which is governed by smart contracts or keys.

**The main different between UTXO and Account based coin:-**
- UTXOs can not be spent partially.
- Account based coins can be spent partially.

> Whenever the Price is above 250% - 300%, this is a position for traders to sell some of their assets

If you are a position trader and waiting to enter a sell position based on MVRV reading then this figure should be accompanied with a lower top. 

> Between the two threshold, the lower threshold is more reliable to me. Because I feel it's time to acquire more of the assets, and definitely with time, the price of the asset will pump. I believe this approach are for long term traders/investors.

That's correct.

**Observation/Suggestion/Feedback:-**
- The author has demonstrated & analyzed the on-chain metrics wrt price action of BTC both in the short term and long term. Very very net & clean presentation.
- The author has used Santiment to analyze the price trend in BTC wrt various on-chain metrics viz Realized Cap, MVRV.
- Practical example using Block Explorer to explain the realized cap would have done justice to this Task. Particularly you should explore an unspent output, the creation date from the Blockchain explorer.
- Pay attention to the difference between UTXO-based chain and Account-based chain.


Thank you.

--- 

**Homework Task -3 successfully accomplished**
**[9.5]**

Criteria|Calculation
------|------
Presentation| 2/2
Consistency, Compliance with Topic| 2/2
Quality of Analysis| 2/2
Clarity of Structure & comprehensive understanding | 1.5/2
Originality| 2/2
***Total***| ***9.5/10***

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