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Title: Near match with market cap Post by: datguywhowanders on July 04, 2011, 08:01:58 PM The current market cap, according to Bitcoinwatch.com:
96,631,106 The current number of bitcoins in existence: 6,738,350 96631106/6738350 = 14.34 (roughly) Current price on Mt. Gox = $14.39 Have we reached equilibrium for now? Or should those numbers always come out that way? I'm just curious if it's coincidence or normal behavior. Title: Re: Near match with market cap Post by: peach on July 04, 2011, 08:03:50 PM I think you don't understand. That is precisely how market caps are calculated.
Title: Re: Near match with market cap Post by: datguywhowanders on July 04, 2011, 08:14:01 PM I think you don't understand. That is precisely how market caps are calculated. And now I'm just a tad smarter, too bad I didn't google it in the first place. Self Fail. Title: Re: Near match with market cap Post by: evoorhees on July 04, 2011, 08:19:33 PM I think you don't understand. That is precisely how market caps are calculated. And now I'm just a tad smarter, too bad I didn't google it in the first place. Self Fail. LOL we all make noob comments sometimes :) |