BitcoinBunny
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March 07, 2024, 07:56:07 AM |
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 https://www.bbc.com/news/technology-68434579That's an interesting graph... and to be honest a nice read too.. after long time some facts and actual stuff that talks about bitcoin. Bitcoins lost forever 2.4m (11%), according to report an estimate suggest between three million to as many as six million may be have been lost forever. A loose estimate that's often agreed upon is 3.5 million. In the same article while discussing Cryptocurrency exchanges its mentioned that exchanges act like banks and there's a warning too, leaving your coins on an exchange can go wrong though. Most interesting is " Unknown whales", A Bitcoin whale is someone who holds more than 10,000 bitcoins in their digital wallet. A loose estimate is that large whales account for about 8% of all bitcoins. 8% that's far less what I used to think... and I remember how it was used to be reported that how whales control the price... this has been proved wrong. Last coins " Yet to be mined", There are still only about 7% of coins yet to be mined. People, 50% of all bitcoins are held by the general public about 10.5m bitcoins. River estimated that Bitcoin had 81.7 million users as of June 2023, or 1% of the global population. Lastly there's a very important point, that this latest surge in the value of Bitcoin is not coming because individual retail investors , Analysts say whales like the big banks are pushing up price and demand. Yes that's true you can only imagine what happens when retail investors turns to bitcoin? Remember still on 1% of global population is holding bitcoin what if that percentage turns 10%? I think we are witnessing banks / whales pushing out some of the little guys, which is a shame. The ETFs are gaining, regardless of what Grayscale is doing and miners don't have enough for that surplus. Don't let your Bitcoin go (certainly not just yet, even when you sell try to remain a whole coiner if you are!)... 21 million and with the millions lost, tell us there are not enough whole lifeboats. You wanna be this guy (preferably in better shape), don't let your bank's CEO continue to be it.  (I'm convinced I saw the leopard bikini girl who is standing in a strip club years ago) |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 07, 2024, 08:01:14 AM |
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  ExplanationChartbuddy thanks talkimg.com |
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ChartBuddy
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 ExplanationChartbuddy thanks talkimg.com |
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Gachapin
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ChartBuddy's 24 hour Wall Observation recap . .All Credit to ChartBuddyChartBuddy's 24 hour Wall Observation recap . .All Credit to ChartBuddycute bird you have as your avatar there! OT: bears seem to have a hard time atm Thanks! Mango says here I am in the kitchen! . .Some monster over clipped his wings, and so he can't fly.  We adopted him as a rescue bird. He does have full run of the house though, no cages for this guy.  Well we do have one, but the door is always open, and he has a little nest on top that he usually hangs out in. cute little guy! sad to hear about his wings. But I'm sure he is happy with all the freedom and love you give him .. very nice |
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ChartBuddy
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March 07, 2024, 10:03:21 AM |
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 ExplanationChartbuddy thanks talkimg.com |
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Apocollapse
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March 07, 2024, 10:17:09 AM |
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People, 50% of all bitcoins are held by the general public about 10.5m bitcoins. River estimated that Bitcoin had 81.7 million users as of June 2023, or 1% of the global population. I'm surprised they didn't add "people" in the graph when they're the most important, but I already fix it.   |
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ivomm
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All good things to those who wait
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Where do all these ETFs buy their bitcoin. If OTC, where do the OTC desks source it ?
They buy from OTC desks. The OTC desk is in contact with miners, whales or other entities holding hundreds, if not thousands, of bitcoins. The OTC desk agrees on a transaction at a spread over the reference rate between buyer and sellers. Then they cross the order on the market. So the transaction actually happens on the market (e.g. Coinbase) even if the price hasn't been formed on the exchange itself, but Over The Counter (OTC).
There are several ETPs though. Is that a possiblity?
There are a lot of illiquid and tax-inefficient ETPs in Europe, correct. Most of the ETF's buy/sell from Coinbase Prime, which is an OTC. Coinbase Prime in turn buys/sells only from the US based crypto exchanges - Coinbase, Kraken and Gemini. All this is written in the ETF documentation. They can also avoid spot market if buy/sell ETF's arrive simultaneously from different ETF companies. So, most of Greyscale sells for example go directly to Blackrock buys without touching the spot market. |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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March 07, 2024, 10:45:32 AM |
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Observing $66,697 and life is good. It’d be nice if after the recent volatility, we settle here a bit before another big leg up. We don’t want to get too over heater.
43 days until the halving and I feel like we’re at a higher price than expected for this stage of the four year cycle.
So do we pump again before or after the halving, only one way to find out, HODL.
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ChartBuddy
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March 07, 2024, 11:03:23 AM |
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 ExplanationChartbuddy thanks talkimg.com |
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criptoevangelista
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In ₿ we trust
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March 07, 2024, 11:12:47 AM |
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Observing $66,697 and life is good. It’d be nice if after the recent volatility, we settle here a bit before another big leg up. We don’t want to get too over heater.
43 days until the halving and I feel like we’re at a higher price than expected for this stage of the four year cycle.
So do we pump again before or after the halving, only one way to find out, HODL.
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BitcoinBunny
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March 07, 2024, 11:19:31 AM |
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I first heard about Bitcoin in the Katy Perry Roar days (2013). My thoughts, in order of importance: Katy Perry is a stunning jungle goddess and Bitcoin may be something interesting, perhaps...  But this new look of Katy Perry is just nasty. Ugh....  She looked awful as a blonde as well.  Bitcoin on the other hand has me more than convinced and it's my primary thought over any woman... |
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criptoevangelista
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In ₿ we trust
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March 07, 2024, 11:37:50 AM |
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BitcoinBunny
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March 07, 2024, 11:48:23 AM Merited by JayJuanGee (1) |
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Do people expect their Five Guys food bills to get smaller in Dollars? This is what happens with a debasing currency, ran by a bunch of fraudulent nincompoops. Five Guys' prices sparks outrage after $24 receipt goes viral: 'Highway robbery'https://www.foxbusiness.com/lifestyle/five-guys-prices-sparks-outrage-24-receipt-viral-highway-robbery"Five guys was always overpriced. Same meal was $15 ten years ago," an unimpressed commentator added.
Five Guys Meal 2014: $15 or 0.047 BTC 2024: $24 or 0.00037 BTC Pick your currency. You can literally eat at Five Guys every 3 days for an entire year for the cost of just 1 meal back in 2014, in BTC. Soon it will be every day, every meal (3 times per day), every hour and so on... 1 BTC will buy the entire fast food chain eventually. |
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ChartBuddy
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March 07, 2024, 12:01:19 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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ataArt
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March 07, 2024, 12:20:06 PM |
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I first heard about Bitcoin in the Katy Perry Roar days (2013). My thoughts, in order of importance: Katy Perry is a stunning jungle goddess and Bitcoin may be something interesting, perhaps... But this new look of Katy Perry is just nasty. Ugh.... She looked awful as a blonde as well. Bitcoin on the other hand has me more than convinced and it's my primary thought over any woman... The key is not to tell women about your cold wallet. |
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ChartBuddy
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March 07, 2024, 01:03:27 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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Leahized
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March 07, 2024, 01:21:40 PM |
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2021 looked a lot similar to 2024.
2021 BTC $69k
2024 BTC $69k
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vapourminer
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what is this "brake pedal" you speak of?
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Mango says here I am in the kitchen! ..Some monster over clipped his wings, and so he can't fly. We adopted him as a rescue bird. He does have full run of the house though, no cages for this guy. Well we do have one, but the door is always open, and he has a little nest on top that he usually hangs out in. nice. glad he has a good home. when i 1st glanced at your avatar i wondered what that was in your hand, but ive learned not to examine some pictures to closely in this thread, after all i only have one set of eyeballs. |
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joker_josue
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March 07, 2024, 01:54:04 PM |
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nice. glad he has a good home.
when i 1st glanced at your avatar i wondered what that was in your hand, but ive learned not to examine some pictures to closely in this thread, after all i only have one set of eyeballs.
You don't even need to look very closely... @BitcoinBunny put the photo in a very reasonable size.  |
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