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Author Topic: Near match with market cap  (Read 779 times)
datguywhowanders
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July 04, 2011, 08:01:58 PM
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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.

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peach
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July 04, 2011, 08:03:50 PM
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I think you don't understand. That is precisely how market caps are calculated.
datguywhowanders
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July 04, 2011, 08:14:01 PM
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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.

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July 04, 2011, 08:19:33 PM
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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 Smiley
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