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Author Topic: BTC Market Cap 2Week average at historic high  (Read 1471 times)
BoardGameCoin
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December 12, 2012, 09:23:22 PM
 #1

http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

Thoughts?

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dree12
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December 12, 2012, 09:35:05 PM
 #2

I'm more concerned about the one week average. A fortnight isn't any significant timeframe, and seems more like cherry picking.
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December 12, 2012, 09:38:15 PM
 #3

I agree the weekly average is definitely relevant, but it hasn't crossed the historic high line yet. The monthly record was beaten about three months ago.

I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested.

For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested.
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December 13, 2012, 12:19:26 AM
Last edit: December 13, 2012, 11:43:10 PM by marcus_of_augustus
 #4

I think that calling it "Market Cap" is missing the point and also misleading.

It is actually the value of MB (monetary base) money supply for the bitcoin-based economy.

And would like to see it posted in gold oz as well as usd, eur, etc.

10,549,725 BTC

Base Money Supply based on latest prices    :

143,476,260 USD
or 110,824,861 EUR
or 92,094,774 GBP
or 83,904 ozAU

(note: total value of bitcoin stock is equivalent to merely 2.88 tons of gold)

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December 13, 2012, 08:40:19 AM
 #5

Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.

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December 13, 2012, 08:42:40 AM
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Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.

how can be these lost coins identified ?

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December 13, 2012, 11:46:58 PM
 #7

Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
Yeah, I'm skeptical of this ~2M figure that gets bandied around .... you could watch the blockchain to see when/if those old coins ever move. Maybe after a generation (70 years?) you could say they are "lost" ... unitl then I'm going to be conservative from a prudent savers perspective and assume they could be mobilised.

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December 14, 2012, 07:36:53 AM
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Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
Yeah, I'm skeptical of this ~2M figure that gets bandied around .... you could watch the blockchain to see when/if those old coins ever move. Maybe after a generation (70 years?) you could say they are "lost" ... unitl then I'm going to be conservative from a prudent savers perspective and assume they could be mobilised.
I would not be surprised in the least if these ~2M bitcoins were lost. Movement of older coins has nearly halted since 2012.
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