Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ShadowCrypto on April 30, 2020, 03:44:02 AM
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Almost half of the bitcoin circulation was not moved during the fall
Bitcoin has had a bear market for almost two and a half years, since reaching its historic top at R $ 70,000.
The data shows that almost half of the entire circulating Bitcoin offering has not moved for at least two years - a number that has increased by another 10% this year alone.
(https://pbs.twimg.com/media/EWmdmBxWsAIkxN_?format=jpg&name=medium)
Source:
https://twitter.com/cryptounfolded/status/1254725729482240001
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At least it's a proof that we are not screwed up yet. When we see whales move, it's time to be careful as they have some purposes. The bear market also contributes to the dormancy. However, with the recent movements of the market, especially today's pump, we can expect a a busier, noisier picture for this year.
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There have been reports that a large supply of bitcoins that range from 10 to 15 percent has already been lost as a result of loss of private keys, passwords and other login details. So i think that final btc supply will be around 18 million which is itself a pumping thing as supply seems further reduced.
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Agree with you, 1 part of BTC has been permanently locked due to the owner losing the account key, 1 part due to the whales hoarding, 1 part is the small fish accidentally bought at the peak of $20K :)
This hoarding shows that the community still believes in the future of BTC: in the future price recovery & application of BTC.
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There have been reports that a large supply of bitcoins that range from 10 to 15 percent has already been lost as a result of loss of private keys, passwords and other login details. So i think that final btc supply will be around 18 million which is itself a pumping thing as supply seems further reduced.
is this news true brother, can you provide a link from this news. If this is true, can it not be recovered anymore? Losing as much as a 15% supply of Bitcoin is certainly bad news in my opinion, very regrettable.
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Thats good to know mate! It means that those Bitcoin holders are not interested to sell its BTC holdings, and it is beneficial to the Bitcoin price today. by the way, the total circulation of Bitcoin was around 18 million and its total supply was 21 million it means only 3 Million will be mineable for years and what happens if all Bitcoin is already mined.
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There are some class of people that we use the term long term hodlers for.
They are hpdling bitcoin until it goes back to 20,000$ and further higher, and the percentage of such people keeps increasing daily.
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On the one hand, the long absence of bitcoin movement is good because their holders count on the further growth of the cryptocurrency market and do not sell them, thereby not collapsing their price. However, on the other hand, the lack of movement in any market means its stagnation. Bitcoin is not used as a means of payment and that is not entirely good. After all, it was created primarily as an alternative means of payment for the currently existing financial system of payments.
But in any case, there will be a time for the growth of the cryptocurrency market, and there will be movement of all cryptocurrencies.
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Indeed, I have noticed the movement of bitcoin is quite slow. Does this really have something to do with the impact of COVID? I hope the conditions will improve soon. And the cycle of significant increases every 5 years will take effect in 2021.
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While bitcoin's position is much slower than before it won't last very long demand is rising due to rising prices the effects of the virus have caused many to suffer financial hardships that have led them to sell their bitcoins. But now most people are leaning towards crypto because bitcoin will reach a better position by the end of this year.
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Almost half of the circulated Bitcoins?? It means that was a roughly 9 Million Bitcoins, that was a huge sum of BTC but the more important question is are those BTC was stored in just a single wallet or it was scattered in many wallets?
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I think most of the current BTC holders are holding their assets and waiting for the right momentum to sell their assets. As happened in the past where BTC was 20,000 USD. But I think it's a good thing, that the BTC market has become more stable.
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The peak is 2021. So let's just wait. Hopefully, there will be a bigger increase from 2017. Because this cycle is usually 5 years. Everyone is definitely looking forward to this big rise coming up soon.
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The Bitcoin market is a bit more volatile now than it was a few days ago and now the market is starting to grow a bit. The trend will continue. There is no doubt that it can be valuable in the economies of all countries. However, I think bitcoin will play a role in the economy of every country and any economic transaction will require bitcoin. Blockchain can be one of the means of dealing with different countries. So the price of bitcoin will increase in the coming days and I think the price of this bitcoin is one million dollars, it should be stuck at a certain level. The price will not increase, it will not decrease, it will be good for the users. However, I do not see any currency as an alternative to Bitcoin for commercial transactions. Bitcoin for trade Of course bitcoin bitcoin stuck at a certain price will be the main task of the world economy.
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Good news and this suggests that big players will soon start pumping the price of bitcoin and at the moment these big players are constantly making as many investments as possible in bitcoin, and therefore we also need to continue investing in bitcoin in order to get great profit later, because now it will be possible to reach new heights and I think bitcoin can easily overcome the 20k$ mark.
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This is not as good news as many people think. The fact that half of all bitcoins have not moved from their wallets over the past two years indicates that bitcoin is used very little as a means of payment, but mainly as a store of value. That is, bitcoin holders simply expect their price to rise. Bitcoin Satoshei Nakamoto was not created for this. With little use of bitcoin as a means of payment, its value invariably falls. In this case, Bitcoin as a store of value is unreliable. If the expectation of a rise in the price of bitcoin is not met, the price and value of bitcoin will plummet.
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There have been reports that a large supply of bitcoins that range from 10 to 15 percent has already been lost as a result of loss of private keys, passwords and other login details. So i think that final btc supply will be around 18 million which is itself a pumping thing as supply seems further reduced.
is this news true brother, can you provide a link from this news. If this is true, can it not be recovered anymore? Losing as much as a 15% supply of Bitcoin is certainly bad news in my opinion, very regrettable.
This is an interesting question. I've seen some operations that claim they are trying to find accounts that are forgotten, find out the password and get the money out but those seem very very sketchy to me. I haven't seen any "official" approach to this issue.
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Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up
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The data shows that nearly half of the entire circulating Bitcoin supply, hasn’t moved in for at least two years – a number that has increased a little by this year alone, as Bitcoin prices returned to extreme lows that proved to be too attractive for investors.
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This is just a proof that bitcoin is really tested and many are holding. Surely they got them from the cheapest price after the 2018 bull run. Well, if you were in crypto at least two years before the 2018 bull run pretty sure you've grown enough and understand better about the volatility of bitcoin.
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Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up
can you give me a source explaining BTC will go up to $ 1 million per coin? because it doesn't make sense to me.
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Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up
can you give me a source explaining BTC will go up to $ 1 million per coin? because it doesn't make sense to me.
I don't think that would be possible because the price of bitcoin is useless if it is that expensive.
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Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up
can you give me a source explaining BTC will go up to $ 1 million per coin? because it doesn't make sense to me.
I don't think that would be possible because the price of bitcoin is useless if it is that expensive.
I agree, it doesn't sound realistic to me either
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When you do the calculation most of them bought high at 18/19k$ so they will hold and wait it out. Bitcoin is gradually getting back to its All time high so we might see them move it.
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Thats good to know mate! It means that those Bitcoin holders are not interested to sell its BTC holdings, and it is beneficial to the Bitcoin price today. by the way, the total circulation of Bitcoin was around 18 million and its total supply was 21 million it means only 3 Million will be mineable for years and what happens if all Bitcoin is already mined.
At the same time, this situation confirms the fact that bitcoin is very rarely used as a means of payment. This is also not very good. Who knows what this might lead to. Most hope that it will continue to rise in value and therefore prefer to keep it. What if bitcoin stops its price growth? Then, at such a high price, for the least reason, panic can begin. It will be fun.
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Bitcoin's price runs a new bull after Bitcoin's halving. But again, Bitcoin can be halving. Bitcoin halving occurs every two years. But Bitcoin halving can happen very soon. However, the price of Bitcoin will go down during Bitcoin Halving, and then there will be an oppurtuinty to buy Bitcoin at a lower price.
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This is just a proof that bitcoin is really tested and many are holding. Surely they got them from the cheapest price after the 2018 bull run. Well, if you were in crypto at least two years before the 2018 bull run pretty sure you've grown enough and understand better about the volatility of bitcoin.
At the same time, this is proof that bitcoin practically does not perform the function of a means of payment. Holders are counting on the constant increase in the price of bitcoin in order to ultimately have significant profits. In general, this is not good for Bitcoin. We live in the material world and nobody has canceled the physical laws of economics yet. Nothing in this world can grow in value uncontrollably. Moreover, Bitcoin is already lagging behind in development from the bulk of cryptocurrencies.
This general euphoria can lead to sad consequences. The risk of investing in bitcoin also increases as its price rises. We still need to keep in mind the diversification of our portfolios.
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Almost half of the bitcoin circulation was not moved during the fall
Bitcoin has had a bear market for almost two and a half years, since reaching its historic top at R $ 70,000.
The data shows that almost half of the entire circulating Bitcoin offering has not moved for at least two years - a number that has increased by another 10% this year alone.
https://twitter.com/cryptounfolded/status/1254725729482240001
That means most of the BTC is now in the hand of long-term holders. This is good for the crypto market because more coin in circulation means more volatility in the markets.
I think a lot of BTC had been lost by early investors. Those will not be in circulation any time. More BTC getting out of circulation more valuable it will be.
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Almost half of the bitcoin circulation was not moved during the fall
Bitcoin has had a bear market for almost two and a half years, since reaching its historic top at R $ 70,000.
The data shows that almost half of the entire circulating Bitcoin offering has not moved for at least two years - a number that has increased by another 10% this year alone.
(https://pbs.twimg.com/media/EWmdmBxWsAIkxN_?format=jpg&name=medium)
Source:
https://twitter.com/cryptounfolded/status/1254725729482240001
Well , maybe they are just holder of bitcoin. Have plan to hold fro several years.
Several Investor, of course big investors are holder .
If I have free money, I will buy bitcoin and hold for several years, maybe three of five years again.
It's more profitable
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that is the reason why it is been called a store of value. it is an asset just like Gold but it has a finite value. gold is infinite and will always be created. i wondered why Gold has the highest marketcap while other precious metals are tanking. even diamonds has not fair share in the market. Bitcoin is finite. soon the whole bitcoin in the world will be mined and there will be no more bitcoin to mine. that is the reason people are holding back without selling. you are still early if you join now.
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Thats good to know mate! It means that those Bitcoin holders are not interested to sell its BTC holdings, and it is beneficial to the Bitcoin price today. by the way, the total circulation of Bitcoin was around 18 million and its total supply was 21 million it means only 3 Million will be mineable for years and what happens if all Bitcoin is already mined.
That's right, there are many bitcoin holder still keep hold their bitcoin.
It's good thing, we can relax because If half of the circulating bitcoin moves, It is the sign bitcoin doesn't attractive again.
We must beware and think to buy other coins.
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Rather, all these are exactly the people who lost their passwords from wallets, I think to this day there are users who continue to do this, lose their keys. I think this, on the contrary, has a great effect on the bitcoin rate ...
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I am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.
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I am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.
The big concerns are Bitcoin where the owner loses their private keys, it's hard to keep up with the data, one example is Nakamoto's share until now it's not moving, but at least they contributed to Bitcoin scarcity and push the price upwards over the years.
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I am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.
Well, that's another point where some investors would be happy about because that will prevent the dumps and accumulation of Bitcoin on exchange, there will be sell pressure if there is large supply on exchange.
Infact, its even make bitcoin becomes more scares and create another phase of demand despite the little supply we have already.
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I am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.
Make sense, maybe bitcoin didn't move because the holder lost their private key.
But It's just my guess, maybe wrong.
There are several people didn't safe their private key and password, so they have lost their bitcoin.
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I am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.
Make sense, maybe bitcoin didn't move because the holder lost their private key.
But It's just my guess, maybe wrong.
There are several people didn't safe their private key and password, so they have lost their bitcoin.
In any case, in my opinion, this is bad for bitcoins. It is possible that the keys have been lost, or it is also possible that, as we know, bitcoin is primarily used as a store of value. Holders expect a significant increase in its price. Everything should work. If it does not work, it gradually dies off.
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In any case, in my opinion, this is bad for bitcoins. It is possible that the keys have been lost, or it is also possible that, as we know, bitcoin is primarily used as a store of value. Holders expect a significant increase in its price. Everything should work. If it does not work, it gradually dies off.
I think their keys lost. It's the reason why bitcoin don't move in two years, Maybe several big investors just hold their bitcoin and waiting the high value.
Yeah they want to hold more for 5 years, I think.