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Author Topic: Total worth of all bitcoins crossed half a billion USD  (Read 1417 times)
btcusr
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March 19, 2013, 05:15:25 AM
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Total worth of #Bitcoin now (Mar 19, 2013 04:47 UTC) crossed half a billion USD. 566.373 Million USD  (10.917M coins × $51.88), to be exact.  Grin

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btcusr
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March 19, 2013, 05:29:13 AM
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Or, 22,654,920 Raspberry Pi computers..  Roll Eyes

btcusr
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March 19, 2013, 06:23:03 AM
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That's 81 milli USD (0.081215 USD) for everyone in this world..

8.1215 cents..

Realpra
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March 19, 2013, 06:32:34 AM
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Any increased activity from Cyprus?

Cheap and sexy Bitcoin card/hardware wallet, buy here:
http://BlochsTech.com
Bitcoinpro
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March 19, 2013, 10:30:35 AM
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Or, 22,654,920 Raspberry Pi computers..  Roll Eyes

That's a lot. Do you think that many exist? I'm fairly certain that watch was a limited edition and 566 examples do not exist.

Anyway, forget fiat. What else can we compare with the total worth of all bitcoins?

fiat is better to compare Smiley like 1,600 Trillion of derivatives

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Lethn
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March 19, 2013, 11:07:44 AM
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Why does this stuff always happen when I've gone to sleep?
codro
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March 19, 2013, 11:21:03 AM
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Total worth of #Bitcoin now (Mar 19, 2013 04:47 UTC) crossed half a billion USD. 566.373 Million USD  (10.917M coins × $51.88), to be exact.  Grin

Well, technically, they're not all worth $51.88 - that just happens to be the price the last person bought at. (which is up to 53.70 at the moment)

People only need to sell coins worth $8 million for the price to go down to $0.02, and bring the market cap to just 160k USD.

Just wanted to put this out there as I have a problem with market cap in general, since it's an artificially inflated number that doesn't serve any purpose other than for bragging rights.

And yeah, I'm fun at parties. Smiley
cedivad
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March 19, 2013, 11:27:02 AM
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Why does this stuff always happen when I've gone to sleep?
China is leading the rush.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
BIGMERVE
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March 19, 2013, 11:39:49 AM
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Total worth of #Bitcoin now (Mar 19, 2013 04:47 UTC) crossed half a billion USD. 566.373 Million USD  (10.917M coins × $51.88), to be exact.  Grin

Well, technically, they're not all worth $51.88 - that just happens to be the price the last person bought at. (which is up to 53.70 at the moment)

People only need to sell coins worth $8 million for the price to go down to $0.02, and bring the market cap to just 160k USD.

Just wanted to put this out there as I have a problem with market cap in general, since it's an artificially inflated number that doesn't serve any purpose other than for bragging rights.

And yeah, I'm fun at parties. Smiley

That's not really true. We can all go to bitmit right now and buy $53 worth of goods with each coin. That wouldn't change the price. You're saying they are only worth money once we sell them for USD.

codro
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March 19, 2013, 12:03:48 PM
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That's not really true. We can all go to bitmit right now and buy $53 worth of goods with each coin. That wouldn't change the price. You're saying they are only worth money once we sell them for USD.

If you're not selling them for USD, then the phrase "buy $53 worth of goods with each coin" doesn't make much sense. You'd be buying 1 coin worth of goods with each coin. Smiley

Realistically however, for at least the short/medium term, bitmit sellers would most likely need some fiat liquidity and exchange some of the coins thus changing the price.
Bitcoinpro
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March 19, 2013, 12:48:44 PM
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Total worth of #Bitcoin now (Mar 19, 2013 04:47 UTC) crossed half a billion USD. 566.373 Million USD  (10.917M coins × $51.88), to be exact.  Grin

Well, technically, they're not all worth $51.88 - that just happens to be the price the last person bought at. (which is up to 53.70 at the moment)

People only need to sell coins worth $8 million for the price to go down to $0.02, and bring the market cap to just 160k USD.

Just wanted to put this out there as I have a problem with market cap in general, since it's an artificially inflated number that doesn't serve any purpose other than for bragging rights.

And yeah, I'm fun at parties. Smiley

marketcap is the accepted valuation, the value of the trade is considered to be holding against all sell orders

and you forget to add bitcoin is an emerging currency with the purpose of being a shadow currency "to entire global assets and liquidity"
 

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Bitobsessed
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March 19, 2013, 03:17:30 PM
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$649,692,400 USD
grantbdev
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March 19, 2013, 03:55:05 PM
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Facebook's market cap is 63.10 B...we're just getting started.

Don't use BIPS!
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