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Author Topic: [ 18 mar data ] A BITCOIN PRICE THEORY  (Read 60202 times)
gbianchi
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January 31, 2014, 12:19:24 AM
Last edit: March 19, 2015, 08:48:27 AM by gbianchi
 #1

                         A BITCOIN PRICE THEORY

This short work is an attempt to find a law of bitcoin price . It is a work in progress ,
there may be errors even coarse that you reported to me , so critical and / or additions .

After about a month of work , I edit this first post to summarize the results obtained.



terminology

Zero address :  A Bitcoin address tha was used, then it appears in blockchain ,
                 but currently has a zero balance.

Active address : A Bitcoin address tha was used, then it appears in blockchain ,
                  and currently has a NON zero balance .

Total addresses : Zero + active addresses.

Active user : Any user who has one or more active addresses .


working steps :

1 ) Obtain the tables with data from the blockchain (number of addresses for range of balance,)
  number of bitcoins for range of balances, Total addresses, etc. .. )

2 ) Obtain the tables on prices.

3 ) Obtain the regressions of 2) and look for the data that best correlate with 1 )

4) derive a (possible) pricing formula

at the end, I added some faq and a PRICE THEORY PROPOSAL



STEP 1: BLOCKCHAIN ANALYSIS ​​


For the determination of an equation of  bitcoin  price, I started from the idea of
analyze the data contained in blockchain .So , I started to write a program
that parses the blockchain to extract the data in a structured way .

With continued work, more and more I realized that the blockchain
is a source of valuable information , since it allows to evaluate even the smallest
details of the evolution in the bitcoin universe.

From discussions with users of the forum ( thank you in particular ercolinux ,
giubi66 , ovijunno for interesting suggestions) I have improved the methods of
data extraction.

In particular , I created the reference range of balances in BTC ,
and of these I extracted data on a daily basis.

In summary, to avoid publishing dozens of graphics and / or tables
with tedious data, I have found that the "total number of addresses"
has two interesting properties ' :

1) from October 2011 are growing on a regularexponential basis.

2) apparently are not affected by changes in prices and the news good or bad
(either in April 2013 or the recent peak in November !!!!)

( The line at top of chart  is the total number of addresses present in blockchain )



From this chart we can see that at the beginning of 2011 had not yet been well-established
the ranges of capital and the speed ' of growth, while from mid-2011 onwards are consolidated
certain proportions that remain fundamentally unchanged until today.

The same conclusion, that towards the end of 2011 the world is bitcoin "stabilizes"
is obtained by looking at the chart for the total value of BTC in every range of balance:



The universe bitcoin enters 2012 with the social classes of the rich and the poor already
well-defined and basically unchanged ratios since now !

Here is a graphical representation of the distribution of bitcoin addresses for range of balance:



As we see more than 90% of the addresses are empty. I think the total number of addresses
(consisting largely of empty address as is easily seen here) and that I use in my formula,
accurately measures the use of the bitcoin network , and the number of transactions.

So it could lead to a "network value" as given by the famous Metcalfe's Law

interesting comparison between the graph of the total number of addresses ( without the addresses to balance 0)
and the graph of the total capital in BTC :



Please note that in the two charts the order of the data is inverted for clarity:
the left chart and the first data is small capitalization in right chart first data is hight capitalization.


0.05% of addresses ( those with balance > 1000 ) that are a slice of the graph to the left absolutely invisible ,
has more 'than 42 % of the capital, the largest slice in the right chart !

STEP 2: PRICES ANALISYS

The price analysis was definitely more simple: I wrote a simple program
that takes prices from blochckain.info .

The interesting consideration is that the prices ( although in a more irregular way)
are growing exponentially, and so I created the regressions
on a logarithmic scale in order to have the indicators less " nervous " of proce speed growth .

Here is the result :



As you can see I have 3 calculated regression lines : since the beginning of 2011 , by the beginning of 2012 and beginning of 2013.


STEP 3: COMPARISON OF BLOCKCHAIN DATA  ​​/ PRICE


The comparison between the two "worlds" , the seemingly chaotic and irregular prices, and the
completely "calculable" of blockchain , led me to some interesting results .

the growth curve of the totla addresses , has a nearly perfect correlation ( by end of 2011)
with the regression line price !





STEP 4: THE PRICE EQUATION


with a little elementary math, was easy to derive from this series of observations
an "Hypothetical" (but very effective ) price equation :

definitions:

I = total number of addresses (From blockchain)
P = price in dollars (The result)

m = coefficient angular straight line ( constant to be determined)
P = ordinate at the origin (constant to be determined)

^ = Exponentiation

We derive the equation of the price from the period of strong correlation identified
from previous studies of price in dollars and the total number of addresses .

since the linear correlation on logarithmic axes, we can assume:

m * log (I) + p = log ( P)

for the values ​​of I p , we use addresses and prices
the extremes of the strong correlation :

I1 = number addresses to 01/01/2012 = 2773046
P1 = price at 01/01/2012 = $ 5.2

I2 = number addresses to 24/12/2013 = 24,296,059
P2 = price = $ 698.43 24/12/2013


can easily be obtained

m = (log (P2 ) -log ( P1 ) ) / (log (I2 ) -log (I1 ) ) = 2.25776380522923
p = log ( P1) - log (I1) * m = - 31.8462990266051

then the final equation will be :

2.25776380522923 * log (I) - 31.8462990266051 = log ( P)

e ^ ( ( 2.25776380522923 * log (I) - 31.8462990266051 ) ) = P

( I ^ 2.25776380522923 ) / ( e ^ 31.8462990266051 ) = P


Reduce the decimal places, that does not change the substance but make equation
easy to remember and even more elegant:

P = ( I ^ 2.26) / (e ^ 32 )



FAQ

1 ) So how much is the bitcoin tomorrow ?

Of course, as is easily seen from the graph, the function give a trend of prices ( llittle overestimated
than the average ) , this means that we do not give the exact price tomorrow or in a week , but rather
an indication of what can be a consistent price .

2 ) Does it work?

would have more or less worked for two years from early 2012 to now (though often overestimate )
but the trend was clearly indicated right . For the future, we will check together, if it continues to be valid
or not.

3 ) why it work?

This is a typical case in which we get a hypothetical "reads" from a statistical analysis. Now it is right to ask
 'why it should work. I did have some idea , namely that in the end the total number of addresses is
a great aggragato of important factors in determining the price, in particular:

  a) definitely depends on the number of users ( as seen from the correlation with the number of active addresses )

  b ) and definitely ' also dependent on the speed' of movement, ie the number of remains , operations and overall
      new addresses that are handled in the course of operations.

  c) the square (plus .26) give me to think at something like Metcalfe's law ....

But I intend to deepen the investigation on this topic .


4) Please fit us a function for the price dependent on time   P(t) = function (time-offset) Thanks.

here the function you request:

P = e^(((days from 01/01/2012) * 0.0067) + 1.641))

example: price at 31/12/2014 =

days  from 01/01/2012 to 31/12/2014 = 366 + 365 + 365 = 1096

P = e^((1096*0.0067)  + 1.641) =  7976.06132258175

5) the total number of addresses as a function of time ?

here the answer:

Addresses  = 2764582*e^((days from 01/01/2012)*0.00297)

that extimate for the end of 2014 about 71.000.000 of total addresses (active + zero)


PRICE THEORY PROPOSAL

After several trial and error, I found a function that has a good correlation with the trend of the price,
and has the great advantage of having a quadratic relationship with the performance of the addresses :

P = (IZ ^ 2 ) / ( e ^ 27.5 )

Where IZ is the number of zero addresses.

This complies with the law of metcalfe:

http://en.wikipedia.org/wiki/Metcalfe%27s_law

I also think that zero addresses match better with the law of metcalfe for these properties:

1) each  zero balance address has at least one entry operation, in fact, appears in blockchain.

2) Each zero balance address has at least one operation in output that perfectly compensates the previous.

3) The addresses at a zero balance are more  than 90% of the total addresses , so perfectly represent the trend
   the whole network.

zero addresses have interacted in some way between them, creating network effect,
while many addresses with a positive balance may not have interact with anyone
(many addresses are used for storage who have never output operations).

I propose the following theory :



Bitcoin is a network and its value depends on the square of the addresses in zero balance,
that represent the nodes that interact, in accordance with the Metcalfe law:

P = (IZ ^ 2 ) / ( e ^ 27.5 )




Here the plot of the original function (the one with addresses in total)
and the new ( function address zero)





If you find this work useful and / or interesting and ' welcome a donation to support the project: 1LJuCmvbzk7Xph1LQRsSzjYYQVu81N53GN

GUIDA PER NUOVI UTENTI https://bitcointalk.org/index.php?topic=1241459.0
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK https://bitcointalk.org/index.php?topic=945881.0
BITCOIN... WHAT IS IT ? https://bitcointalk.org/index.php?topic=2107660.0
Donazioni: 17ykWbCHG6eMfLt42zCJVw5bZE1YxRMihL
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January 31, 2014, 12:22:02 AM
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---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281224  18/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23514852   0.00%   0.00%  90.4307%                            0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404312  38.39%   8.86%   1.5549%  16.25%                    0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     886869  82.60%  30.55%   3.4106%  35.64%                  176.95828  74.42%  10.98%   0.0014%         0.00000
> 0.001 BTC <= 0.1 BTC                727172  69.70%   9.69%   2.7965%  29.22%                15250.72224  74.92%  14.46%   0.1242%         0.00000
> 0.1 BTC <= 1 BTC                    245947  70.84%   9.14%   0.9458%   9.88%               113788.15782  76.08%  11.52%   0.9268%         0.00000
> 1 BTC <= 5 BTC                       98078  68.58%   9.46%   0.3772%   3.94%               240217.18620  70.37%   9.93%   1.9565%         0.00000
> 5 BTC <= 10 BTC                      30908  72.21%   8.58%   0.1189%   1.24%               240951.40354  74.20%   8.57%   1.9625%         0.00000
> 10 BTC <= 25 BTC                     24705  69.96%   8.99%   0.0950%   0.99%               411468.88705  71.48%   9.18%   3.3513%         0.00000
> 25 BTC <= 50 BTC                     50080  92.92%  74.48%   0.1926%   2.01%              2325632.07964  94.55%  79.65%  18.9415%         0.00000
> 50 BTC <= 75 BTC                      4493  71.56%  16.76%   0.0173%   0.18%               267891.63258  71.06%  15.27%   2.1819%         0.00000
> 75 BTC <= 100 BTC                     5528  82.31%   8.27%   0.0213%   0.22%               521398.01969  83.32%   8.35%   4.2466%         0.00000
> 100 BTC <= 500 BTC                    7622  70.62%   8.57%   0.0293%   0.31%              1700607.80414  72.06%   9.23%  13.8509%         0.00000
> 500 btc <= 1000 BTC                   1482  74.22%   6.75%   0.0057%   0.06%              1142898.58759  76.01%   7.01%   9.3085%         0.00000
> 1000 BTC                              1120  66.79%  10.62%   0.0043%   0.05%              5297668.25895  69.43%   6.39%  43.1478%         0.00000
                  Total Actives      2488316  69.82%  18.22%   9.5693% 100.00%             12277949.70148  76.04%  21.26% 100.0000%         0.00000
                  Total             26003168   6.68%   1.74% 100.0000%                     12277949.70148  76.04%  21.26% 100.0000%         0.00000
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281393  19/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23563605   0.00%   0.00%  90.4298%              48753         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404308  38.39%   8.86%   1.5516%  16.21%         -4         0.00404  38.39%   8.86%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     887870  82.58%  30.52%   3.4074%  35.60%       1001       177.24597  74.38%  10.96%   0.0014%         0.28769
> 0.001 BTC <= 0.1 BTC                730184  69.74%   9.65%   2.8022%  29.28%       3012     15334.86864  74.90%  14.37%   0.1249%        84.14640
> 0.1 BTC <= 1 BTC                    246794  70.83%   9.11%   0.9471%   9.90%        847    114041.18527  76.09%  11.49%   0.9285%       253.02745
> 1 BTC <= 5 BTC                       98357  68.54%   9.43%   0.3775%   3.94%        279    240944.08803  70.32%   9.90%   1.9617%       726.90183
> 5 BTC <= 10 BTC                      30901  72.22%   8.57%   0.1186%   1.24%         -7    240761.29783  74.21%   8.56%   1.9602%      -190.10571
> 10 BTC <= 25 BTC                     25024  70.26%   8.87%   0.0960%   1.00%        319    416615.27358  71.74%   9.07%   3.3920%      5146.38653
> 25 BTC <= 50 BTC                     50038  92.88%  74.48%   0.1920%   2.01%        -42   2323940.18831  94.52%  79.64%  18.9212%     -1691.89133
> 50 BTC <= 75 BTC                      4501  71.43%  16.73%   0.0173%   0.18%          8    268380.16104  70.96%  15.24%   2.1851%       488.52845
> 75 BTC <= 100 BTC                     5533  82.34%   8.24%   0.0212%   0.22%          5    522083.09658  83.35%   8.33%   4.2507%       685.07689
> 100 BTC <= 500 BTC                    7631  70.54%   8.53%   0.0293%   0.31%          9   1701066.32872  71.99%   9.20%  13.8499%       458.52458
> 500 btc <= 1000 BTC                   1476  74.32%   6.78%   0.0057%   0.06%         -6   1139166.21847  76.10%   7.04%   9.2750%     -3732.36912
> 1000 BTC                              1121  66.64%  10.53%   0.0043%   0.04%          1   5299664.73280  69.41%   6.35%  43.1492%      1996.47385
                  Total Actives      2493738  69.82%  18.17%   9.5702% 100.00%       5422  12282174.68899  76.02%  21.21% 100.0000%      4224.98751
                  Total             26057343   6.68%   1.74% 100.0000%              54175  12282174.68899  76.02%  21.21% 100.0000%      4224.98751
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281588  20/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23640410   0.00%   0.00%  90.4448%              76805         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404311  38.39%   8.86%   1.5468%  16.19%          3         0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     888694  82.60%  30.49%   3.4000%  35.58%        824       178.47579  74.47%  10.88%   0.0015%         1.22981
> 0.001 BTC <= 0.1 BTC                733133  69.94%   9.61%   2.8049%  29.35%       2949     15357.05709  75.19%  14.35%   0.1250%        22.18846
> 0.1 BTC <= 1 BTC                    246805  71.09%   9.10%   0.9442%   9.88%         11    114039.92835  76.25%  11.48%   0.9281%        -1.25692
> 1 BTC <= 5 BTC                       98291  68.71%   9.43%   0.3760%   3.94%        -66    240798.05631  70.50%   9.90%   1.9598%      -146.03172
> 5 BTC <= 10 BTC                      31040  72.52%   8.52%   0.1188%   1.24%        139    242006.83886  74.52%   8.51%   1.9696%      1245.54103
> 10 BTC <= 25 BTC                     24893  70.02%   8.92%   0.0952%   1.00%       -131    414247.36810  71.49%   9.12%   3.3714%     -2367.90548
> 25 BTC <= 50 BTC                     50053  92.88%  74.45%   0.1915%   2.00%         15   2324363.85390  94.53%  79.62%  18.9172%       423.66559
> 50 BTC <= 75 BTC                      4489  71.78%  16.77%   0.0172%   0.18%        -12    267665.61522  71.30%  15.28%   2.1784%      -714.54581
> 75 BTC <= 100 BTC                     5562  82.27%   8.20%   0.0213%   0.22%         29    524703.32228  83.27%   8.28%   4.2704%      2620.22570
> 100 BTC <= 500 BTC                    7672  70.75%   8.47%   0.0294%   0.31%         41   1708360.94025  72.18%   9.15%  13.9038%      7294.61154
> 500 btc <= 1000 BTC                   1467  74.37%   6.82%   0.0056%   0.06%         -9   1132149.10733  76.05%   7.08%   9.2142%     -7017.11114
> 1000 BTC                              1121  66.73%  10.53%   0.0043%   0.04%          0   5303179.11919  69.45%   6.34%  43.1607%      3514.38639
                  Total Actives      2497531  69.93%  18.14%   9.5552% 100.00%       3793  12287049.68643  76.07%  21.20% 100.0000%      4874.99745
                  Total             26137941   6.68%   1.73% 100.0000%              80598  12287049.68643  76.07%  21.20% 100.0000%      4874.99745
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281754  21/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23718956   0.00%   0.00%  90.4525%              78546         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404307  38.39%   8.86%   1.5418%  16.15%         -4         0.00404  38.39%   8.86%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     889457  82.58%  30.46%   3.3920%  35.53%        763       178.83823  74.45%  10.86%   0.0015%         0.36244
> 0.001 BTC <= 0.1 BTC                736700  69.81%   9.56%   2.8094%  29.43%       3567     15434.31496  74.86%  14.28%   0.1256%        77.25786
> 0.1 BTC <= 1 BTC                    247686  70.87%   9.06%   0.9446%   9.89%        881    114311.43846  76.04%  11.44%   0.9300%       271.51010
> 1 BTC <= 5 BTC                       98975  68.52%   9.36%   0.3774%   3.95%        684    242415.69126  70.30%   9.83%   1.9723%      1617.63495
> 5 BTC <= 10 BTC                      31278  72.46%   8.46%   0.1193%   1.25%        238    243925.96439  74.48%   8.44%   1.9846%      1919.12553
> 10 BTC <= 25 BTC                     24879  69.84%   8.92%   0.0949%   0.99%        -14    414162.34065  71.33%   9.12%   3.3696%       -85.02745
> 25 BTC <= 50 BTC                     50053  92.91%  74.45%   0.1909%   2.00%          0   2324420.87056  94.54%  79.61%  18.9113%        57.01666
> 50 BTC <= 75 BTC                      4512  71.88%  16.67%   0.0172%   0.18%         23    269242.63002  71.40%  15.17%   2.1905%      1577.01479
> 75 BTC <= 100 BTC                     5536  82.41%   8.22%   0.0211%   0.22%        -26    522588.60633  83.39%   8.30%   4.2517%     -2114.71595
> 100 BTC <= 500 BTC                    7633  70.65%   8.48%   0.0291%   0.30%        -39   1702173.67387  72.18%   9.17%  13.8487%     -6187.26638
> 500 btc <= 1000 BTC                   1461  74.26%   6.84%   0.0056%   0.06%         -6   1127089.70856  75.95%   7.11%   9.1699%     -5059.39878
> 1000 BTC                              1127  66.90%  10.47%   0.0043%   0.05%          6   5315255.60198  69.46%   6.33%  43.2444%     12076.48279
                  Total Actives      2503604  69.86%  18.10%   9.5475% 100.00%       6073  12291199.68302  76.06%  21.19% 100.0000%      4149.99658
                  Total             26222560   6.67%   1.73% 100.0000%              84619  12291199.68302  76.06%  21.19% 100.0000%      4149.99658
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281946  22/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23788234   0.00%   0.00%  90.4507%              69278         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404307  38.39%   8.86%   1.5373%  16.10%          0         0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     889525  82.57%  30.46%   3.3823%  35.42%         68       178.98577  74.45%  10.84%   0.0015%         0.14755
> 0.001 BTC <= 0.1 BTC                741440  69.81%   9.50%   2.8192%  29.52%       4740     15566.17831  74.77%  14.15%   0.1266%       131.86335
> 0.1 BTC <= 1 BTC                    250027  70.68%   8.97%   0.9507%   9.96%       2341    115022.93534  75.88%  11.37%   0.9355%       711.49688
> 1 BTC <= 5 BTC                       99580  68.44%   9.30%   0.3786%   3.97%        605    243602.58819  70.18%   9.78%   1.9812%      1186.89693
> 5 BTC <= 10 BTC                      31236  72.35%   8.47%   0.1188%   1.24%        -42    243421.87319  74.34%   8.46%   1.9797%      -504.09121
> 10 BTC <= 25 BTC                     24963  69.76%   8.88%   0.0949%   0.99%         84    415678.42966  71.27%   9.08%   3.3806%      1516.08901
> 25 BTC <= 50 BTC                     50103  92.86%  74.37%   0.1905%   1.99%         50   2326085.97779  94.50%  79.55%  18.9174%      1665.10724
> 50 BTC <= 75 BTC                      4501  71.74%  16.69%   0.0171%   0.18%        -11    268597.49245  71.24%  15.19%   2.1844%      -645.13756
> 75 BTC <= 100 BTC                     5524  82.48%   8.20%   0.0210%   0.22%        -12    521545.28108  83.46%   8.28%   4.2416%     -1043.32526
> 100 BTC <= 500 BTC                    7646  70.49%   8.44%   0.0291%   0.30%         13   1705156.04694  72.02%   9.14%  13.8676%      2982.37307
> 500 btc <= 1000 BTC                   1466  74.08%   6.82%   0.0056%   0.06%          5   1130403.73945  75.79%   7.09%   9.1933%      3314.03089
> 1000 BTC                              1126  66.96%  10.48%   0.0043%   0.04%         -1   5310740.25269  69.51%   6.33%  43.1908%     -4515.34929
                  Total Actives      2511444  69.83%  18.04%   9.5493% 100.00%       7840  12295999.78462  76.03%  21.18% 100.0000%      4800.10160
                  Total             26299678   6.67%   1.72% 100.0000%              77118  12295999.78462  76.03%  21.18% 100.0000%      4800.10160
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282123  23/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23856570   0.00%   0.00%  90.4693%              68336         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404313  38.39%   8.86%   1.5332%  16.09%          6         0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     890850  82.53%  30.41%   3.3783%  35.45%       1325       179.45436  74.32%  10.81%   0.0015%         0.46858
> 0.001 BTC <= 0.1 BTC                741894  69.95%   9.49%   2.8134%  29.52%        454     15446.54826  75.26%  14.26%   0.1256%      -119.63005
> 0.1 BTC <= 1 BTC                    249847  70.76%   8.98%   0.9475%   9.94%       -180    115223.57715  75.84%  11.34%   0.9367%       200.64181
> 1 BTC <= 5 BTC                       99708  68.43%   9.29%   0.3781%   3.97%        128    244299.08099  70.19%   9.75%   1.9861%       696.49279
> 5 BTC <= 10 BTC                      31304  72.47%   8.45%   0.1187%   1.25%         68    244172.92254  74.44%   8.43%   1.9851%       751.04936
> 10 BTC <= 25 BTC                     24907  69.77%   8.89%   0.0945%   0.99%        -56    414901.93382  71.25%   9.09%   3.3731%      -776.49585
> 25 BTC <= 50 BTC                     50131  92.83%  74.32%   0.1901%   1.99%         28   2327214.99511  94.47%  79.51%  18.9198%      1129.01731
> 50 BTC <= 75 BTC                      4513  71.55%  16.64%   0.0171%   0.18%         12    269370.15891  71.03%  15.15%   2.1899%       772.66646
> 75 BTC <= 100 BTC                     5521  82.67%   8.19%   0.0209%   0.22%         -3    521273.04545  83.64%   8.27%   4.2378%      -272.23563
> 100 BTC <= 500 BTC                    7651  70.42%   8.43%   0.0290%   0.30%          5   1707989.62295  71.95%   9.12%  13.8856%      2833.57601
> 500 btc <= 1000 BTC                   1460  74.18%   6.85%   0.0055%   0.06%         -6   1126799.66153  75.94%   7.11%   9.1607%     -3604.07792
> 1000 BTC                              1127  66.90%  10.47%   0.0043%   0.04%          1   5313553.77399  69.42%   6.33%  43.1981%      2813.52130
                  Total Actives      2513226  69.87%  18.03%   9.5307% 100.00%       1782  12300424.77880  75.99%  21.17% 100.0000%      4424.99418
                  Total             26369796   6.66%   1.72% 100.0000%              70118  12300424.77880  75.99%  21.17% 100.0000%      4424.99418
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282312  24/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23919316   0.00%   0.00%  90.4656%              62746         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404273  38.40%   8.87%   1.5290%  16.04%        -40         0.00404  38.40%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     891253  82.53%  30.40%   3.3708%  35.35%        403       179.40679  74.32%  10.81%   0.0015%        -0.04756
> 0.001 BTC <= 0.1 BTC                746834  69.81%   9.42%   2.8246%  29.63%       4940     15615.89649  74.81%  14.10%   0.1269%       169.34823
> 0.1 BTC <= 1 BTC                    251302  70.33%   8.92%   0.9505%   9.97%       1455    115694.54530  75.48%  11.29%   0.9402%       470.96814
> 1 BTC <= 5 BTC                      100313  68.21%   9.23%   0.3794%   3.98%        605    245818.39854  69.95%   9.68%   1.9977%      1519.31755
> 5 BTC <= 10 BTC                      31449  72.41%   8.40%   0.1189%   1.25%        145    245251.76897  74.41%   8.39%   1.9931%      1078.84643
> 10 BTC <= 25 BTC                     25052  69.63%   8.83%   0.0947%   0.99%        145    417291.10370  71.14%   9.03%   3.3912%      2389.16988
> 25 BTC <= 50 BTC                     50190  92.80%  74.23%   0.1898%   1.99%         59   2329109.56899  94.45%  79.44%  18.9279%      1894.57388
> 50 BTC <= 75 BTC                      4521  71.47%  16.61%   0.0171%   0.18%          8    269922.53709  70.94%  15.11%   2.1936%       552.37818
> 75 BTC <= 100 BTC                     5534  82.40%   8.17%   0.0209%   0.22%         13    522585.15612  83.36%   8.25%   4.2469%      1312.11068
> 100 BTC <= 500 BTC                    7630  70.16%   8.44%   0.0289%   0.30%        -21   1707099.54467  71.64%   9.11%  13.8730%      -890.07829
> 500 btc <= 1000 BTC                   1455  74.36%   6.87%   0.0055%   0.06%         -5   1122178.52159  76.29%   7.14%   9.1196%     -4621.13994
> 1000 BTC                              1109  67.54%  10.64%   0.0042%   0.04%        -18   5314403.32307  69.95%   6.33%  43.1884%       849.54908
                  Total Actives      2520915  69.78%  17.97%   9.5344% 100.00%       7689  12305149.77507  76.18%  21.16% 100.0000%      4724.99627
                  Total             26440231   6.65%   1.71% 100.0000%              70435  12305149.77507  76.18%  21.16% 100.0000%      4724.99627
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282477  25/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23975002   0.00%   0.00%  90.4743%              55686         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404273  38.40%   8.87%   1.5256%  16.02%          0         0.00404  38.40%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     892616  82.51%  30.35%   3.3685%  35.36%       1363       179.90381  74.33%  10.78%   0.0015%         0.49702
> 0.001 BTC <= 0.1 BTC                749650  69.86%   9.39%   2.8289%  29.70%       2816     15693.60393  74.78%  14.03%   0.1275%        77.70744
> 0.1 BTC <= 1 BTC                    250536  70.57%   8.95%   0.9454%   9.93%       -766    115367.64763  75.68%  11.32%   0.9372%      -326.89767
> 1 BTC <= 5 BTC                      100245  68.43%   9.23%   0.3783%   3.97%        -68    245603.76148  70.18%   9.69%   1.9953%      -214.63706
> 5 BTC <= 10 BTC                      31446  72.40%   8.39%   0.1187%   1.25%         -3    245260.39065  74.37%   8.38%   1.9925%         8.62168
> 10 BTC <= 25 BTC                     25000  69.78%   8.85%   0.0943%   0.99%        -52    416858.91696  71.24%   9.04%   3.3865%      -432.18674
> 25 BTC <= 50 BTC                     50214  92.78%  74.18%   0.1895%   1.99%         24   2329831.34184  94.44%  79.40%  18.9274%       721.77285
> 50 BTC <= 75 BTC                      4512  71.61%  16.62%   0.0170%   0.18%         -9    269414.69710  71.09%  15.12%   2.1887%      -507.83999
> 75 BTC <= 100 BTC                     5538  82.48%   8.14%   0.0209%   0.22%          4    523010.62348  83.45%   8.22%   4.2489%       425.46736
> 100 BTC <= 500 BTC                    7645  70.35%   8.37%   0.0288%   0.30%         15   1710751.93319  71.80%   9.05%  13.8981%      3652.38852
> 500 btc <= 1000 BTC                   1454  74.35%   6.88%   0.0055%   0.06%         -1   1121013.49627  76.30%   7.15%   9.1071%     -1165.02532
> 1000 BTC                              1112  67.54%  10.61%   0.0042%   0.04%          3   5316288.45150  69.97%   6.33%  43.1893%      1885.12843
                  Total Actives      2524241  69.83%  17.94%   9.5257% 100.00%       3326  12309274.77157  76.22%  21.14% 100.0000%      4124.99651
                  Total             26499243   6.65%   1.71% 100.0000%              59012  12309274.77157  76.22%  21.14% 100.0000%      4124.99651
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282629  26/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24030500   0.00%   0.00%  90.4703%              55498         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404286  38.40%   8.87%   1.5221%  15.97%         13         0.00404  38.40%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     893746  82.50%  30.31%   3.3648%  35.31%       1130       180.29252  74.32%  10.76%   0.0015%         0.38871
> 0.001 BTC <= 0.1 BTC                752928  69.94%   9.34%   2.8346%  29.75%       3278     15784.72847  74.80%  13.95%   0.1282%        91.12454
> 0.1 BTC <= 1 BTC                    252431  70.47%   8.88%   0.9504%   9.97%       1895    116025.50875  75.62%  11.25%   0.9423%       657.86112
> 1 BTC <= 5 BTC                      100810  68.40%   9.17%   0.3795%   3.98%        565    246851.25998  70.14%   9.63%   2.0048%      1247.49850
> 5 BTC <= 10 BTC                      31472  72.46%   8.39%   0.1185%   1.24%         26    245350.79422  74.42%   8.37%   1.9926%        90.40357
> 10 BTC <= 25 BTC                     25080  69.80%   8.80%   0.0944%   0.99%         80    417932.72476  71.26%   9.00%   3.3942%      1073.80780
> 25 BTC <= 50 BTC                     50236  92.76%  74.14%   0.1891%   1.98%         22   2330363.28476  94.42%  79.37%  18.9259%       531.94292
> 50 BTC <= 75 BTC                      4526  71.56%  16.57%   0.0170%   0.18%         14    270141.45914  71.05%  15.07%   2.1939%       726.76204
> 75 BTC <= 100 BTC                     5534  82.56%   8.15%   0.0208%   0.22%         -4    522497.48356  83.53%   8.23%   4.2434%      -513.13992
> 100 BTC <= 500 BTC                    7635  70.26%   8.37%   0.0287%   0.30%        -10   1708335.56307  71.71%   9.04%  13.8742%     -2416.37011
> 500 btc <= 1000 BTC                   1453  74.12%   6.88%   0.0055%   0.06%         -1   1120226.01262  76.08%   7.16%   9.0979%      -787.48365
> 1000 BTC                              1112  67.45%  10.61%   0.0042%   0.04%          0   5319385.65315  69.90%   6.32%  43.2011%      3097.20166
                  Total Actives      2531249  69.84%  17.89%   9.5297% 100.00%       7008  12313074.76874  76.16%  21.13% 100.0000%      3799.99717
                  Total             26561749   6.66%   1.71% 100.0000%              62506  12313074.76874  76.16%  21.13% 100.0000%      3799.99717
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282803  27/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24095762   0.00%   0.00%  90.4501%              65262         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404284  38.40%   8.87%   1.5176%  15.89%         -2         0.00404  38.40%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     898563  82.51%  30.15%   3.3730%  35.32%       4817       181.71100  74.42%  10.67%   0.0015%         1.41848
> 0.001 BTC <= 0.1 BTC                757644  69.92%   9.28%   2.8440%  29.78%       4716     15907.75197  74.64%  13.83%   0.1291%       123.02350
> 0.1 BTC <= 1 BTC                    254626  70.21%   8.79%   0.9558%  10.01%       2195    116763.52952  75.40%  11.18%   0.9480%       738.02077
> 1 BTC <= 5 BTC                      101515  68.19%   9.11%   0.3811%   3.99%        705    248671.06574  69.95%   9.56%   2.0189%      1819.80576
> 5 BTC <= 10 BTC                      31723  72.34%   8.31%   0.1191%   1.25%        251    247586.52388  74.34%   8.29%   2.0101%      2235.72966
> 10 BTC <= 25 BTC                     25182  69.80%   8.76%   0.0945%   0.99%        102    419041.22561  71.29%   8.97%   3.4020%      1108.50085
> 25 BTC <= 50 BTC                     50260  92.72%  74.09%   0.1887%   1.98%         24   2331124.45672  94.39%  79.33%  18.9254%       761.17196
> 50 BTC <= 75 BTC                      4531  71.44%  16.55%   0.0170%   0.18%          5    270551.45609  70.89%  15.05%   2.1965%       409.99695
> 75 BTC <= 100 BTC                     5548  82.46%   8.13%   0.0208%   0.22%         14    523735.81691  83.43%   8.21%   4.2520%      1238.33335
> 100 BTC <= 500 BTC                    7618  70.11%   8.36%   0.0286%   0.30%        -17   1705005.19699  71.62%   9.04%  13.8422%     -3330.36609
> 500 btc <= 1000 BTC                   1469  73.72%   6.81%   0.0055%   0.06%         16   1133531.78506  75.54%   7.07%   9.2027%     13305.77244
> 1000 BTC                              1106  67.36%  10.67%   0.0042%   0.04%         -6   5305324.24410  69.90%   6.34%  43.0717%    -14061.40905
                  Total Actives      2544069  69.83%  17.80%   9.5499% 100.00%      12820  12317424.76733  76.09%  21.12% 100.0000%      4349.99858
                  Total             26639831   6.67%   1.70% 100.0000%              78082  12317424.76733  76.09%  21.12% 100.0000%      4349.99858
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282957  28/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24171974   0.00%   0.00%  90.4597%              76212         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404235  38.40%   8.87%   1.5128%  15.86%        -49         0.00404  38.40%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     899061  82.50%  30.13%   3.3646%  35.27%        498       181.89135  74.41%  10.66%   0.0015%         0.18035
> 0.001 BTC <= 0.1 BTC                761638  69.89%   9.23%   2.8503%  29.88%       3994     15990.74809  74.51%  13.76%   0.1298%        82.99612
> 0.1 BTC <= 1 BTC                    255758  70.29%   8.75%   0.9571%  10.03%       1132    117120.68258  75.41%  11.14%   0.9506%       357.15306
> 1 BTC <= 5 BTC                      101262  68.17%   9.12%   0.3790%   3.97%       -253    248323.48642  69.95%   9.57%   2.0154%      -347.57932
> 5 BTC <= 10 BTC                      31638  72.33%   8.33%   0.1184%   1.24%        -85    246703.95578  74.33%   8.32%   2.0023%      -882.56810
> 10 BTC <= 25 BTC                     25138  69.88%   8.77%   0.0941%   0.99%        -44    417972.10142  71.37%   8.99%   3.3923%     -1069.12419
> 25 BTC <= 50 BTC                     50260  92.76%  74.09%   0.1881%   1.97%          0   2331278.68717  94.42%  79.33%  18.9208%       154.23045
> 50 BTC <= 75 BTC                      4543  71.52%  16.51%   0.0170%   0.18%         12    271159.20510  70.95%  15.02%   2.2007%       607.74901
> 75 BTC <= 100 BTC                     5542  82.66%   8.14%   0.0207%   0.22%         -6    523510.42953  83.59%   8.21%   4.2488%      -225.38738
> 100 BTC <= 500 BTC                    7640  70.37%   8.29%   0.0286%   0.30%         22   1711087.35302  71.81%   8.98%  13.8873%      6082.15603
> 500 btc <= 1000 BTC                   1470  73.74%   6.80%   0.0055%   0.06%          1   1133771.97994  75.56%   7.07%   9.2017%       240.19488
> 1000 BTC                              1104  67.39%  10.69%   0.0041%   0.04%         -2   5304174.24087  69.89%   6.34%  43.0489%     -1150.00323
                  Total Actives      2549289  69.83%  17.76%   9.5403% 100.00%       5220  12321274.76502  76.12%  21.10% 100.0000%      3849.99769
                  Total             26721263   6.66%   1.69% 100.0000%              81432  12321274.76502  76.12%  21.10% 100.0000%      3849.99769
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283109  29/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24234079   0.00%   0.00%  90.4533%              62105         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404237  38.41%   8.87%   1.5088%  15.80%          2         0.00404  38.41%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     899892  82.47%  30.10%   3.3588%  35.18%        831       182.30419  74.35%  10.64%   0.0015%         0.41283
> 0.001 BTC <= 0.1 BTC                767023  69.81%   9.17%   2.8629%  29.99%       5385     16150.22650  74.29%  13.62%   0.1310%       159.47841
> 0.1 BTC <= 1 BTC                    257866  70.10%   8.68%   0.9625%  10.08%       2108    117705.99111  75.29%  11.08%   0.9550%       585.30853
> 1 BTC <= 5 BTC                      101407  68.09%   9.10%   0.3785%   3.96%        145    248677.62562  69.87%   9.55%   2.0177%       354.13919
> 5 BTC <= 10 BTC                      31616  72.31%   8.33%   0.1180%   1.24%        -22    246483.77013  74.31%   8.31%   1.9999%      -220.18565
> 10 BTC <= 25 BTC                     25148  69.71%   8.77%   0.0939%   0.98%         10    418519.34681  71.22%   8.98%   3.3957%       547.24539
> 25 BTC <= 50 BTC                     50240  92.76%  74.12%   0.1875%   1.96%        -20   2330537.56489  94.42%  79.35%  18.9089%      -741.12228
> 50 BTC <= 75 BTC                      4545  71.60%  16.48%   0.0170%   0.18%          2    271334.28814  71.06%  14.99%   2.2015%       175.08303
> 75 BTC <= 100 BTC                     5537  82.59%   8.15%   0.0207%   0.22%         -5    522813.70230  83.54%   8.22%   4.2419%      -696.72724
> 100 BTC <= 500 BTC                    7631  70.20%   8.26%   0.0285%   0.30%         -9   1709337.61264  71.65%   8.95%  13.8688%     -1749.74038
> 500 btc <= 1000 BTC                   1476  73.51%   6.78%   0.0055%   0.06%          6   1136998.48978  75.39%   7.05%   9.2251%      3226.50984
> 1000 BTC                              1111  67.06%  10.62%   0.0041%   0.04%          7   5306333.83773  69.80%   6.34%  43.0532%      2159.59686
                  Total Actives      2557729  69.77%  17.70%   9.5467% 100.00%       8440  12325074.76358  76.03%  21.09% 100.0000%      3799.99856
                  Total             26791808   6.66%   1.69% 100.0000%              70545  12325074.76358  76.03%  21.09% 100.0000%      3799.99856

num      : number of addresses in this range of balance
%noOut   : percentage of active addresses WITHOUT out operations
%dead    : percentage of active addresses with input and output operations prior to 2012
%of tot  : percentage of the TOTAL number addresses
%of act  : percentage of the number of addresses with zero balance (active)
diff prev: number variation compared to the previous table
%noOut   : % value transactions WITHOUT output ( % value of range)
%vdead   : % operations value prev 2012 ( % value of range))
%TotVal  : % value of this range compared to the total value
diff prev: change in value compared to the previous table

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January 31, 2014, 12:24:54 AM
 #3


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January 31, 2014, 01:05:58 AM
Last edit: January 31, 2014, 01:18:22 AM by gbianchi
 #4

My understanding is that your assumption is that price depends on adoption, and adoption can be represented by the number or addresses (perhaps even better by the number of "active" addresses).

I'm sure there is a loose correlation between adoption, addresses, and price, but there are many factors that can reduce the correlation, such as the use of hosted wallets (thousands of users, but only a few wallets), the use of multiple wallets and addresses by a single person, and the use of one-time addresses. How would you account for those in your model?


I do not use "wallets", I extract  "addresses" from blockchain... even  if you use an hosted web wallet, you have YOUR private address (or addresses)...

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January 31, 2014, 01:35:12 AM
 #5


People that have multiple wallets have multiple addresses. That's the only reason I mentioned wallets.

What I mean by a "hosted" wallet" is a wallet owned by a 3rd party that many people can use. Some of the addresses with the highest values are owned by Mt. Gox (and other exchanges) and hold bitcoins for thousands of people. People with hosted wallets do not hold the private keys.

Ah ok, I understand....

but if you take a look at the table in the second post, I am monitoring
the daily growth of the addresses, so we can see if network growth how I think.

My extrapolation of total  addresses for end 2014 is:

TA  = 2764582*exp((days from 01/01/2012)*0.00297)

or about 71 million of addresses. (now the are 26791808 )

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January 31, 2014, 01:52:54 AM
 #6

great work !!!!
7900 will be fine ...  Shocked Shocked Shocked
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January 31, 2014, 02:30:19 AM
 #7

gbianchi, great work on your model, it is not very often we see such detailed numeric analysis on this forum.

However, I have some comments I have to make on this model.

The number of addresses will always increase with time. It is not possible for this number to decrease. However, this model assumes that the price is proportional in some form to the number of addresses. So, that means the price can never decrease.

While the general trend has been up. At some point in the future Bitcoin will reach its ultimate or peak price (the final bubble).
If a trader or a long time investor where to follow this model, they will not know when to divest or get out, as the model will predict a price increase towards infinity.

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January 31, 2014, 03:33:12 AM
 #8

Might have to adjust it to "active addresses" at some point in the future. Still might give decent data but only time will tell.
fit to the first difference.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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January 31, 2014, 06:42:46 AM
 #9

I think we should find a way to make gnuplot charts readable when there are 10 lines on it. I have the same issue.

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January 31, 2014, 08:24:51 AM
 #10

gbianchi, great work on your model, it is not very often we see such detailed numeric analysis on this forum.

However, I have some comments I have to make on this model.

The number of addresses will always increase with time. It is not possible for this number to decrease. However, this model assumes that the price is proportional in some form to the number of addresses. So, that means the price can never decrease.

While the general trend has been up. At some point in the future Bitcoin will reach its ultimate or peak price (the final bubble).
If a trader or a long time investor where to follow this model, they will not know when to divest or get out, as the model will predict a price increase towards infinity.



Yes I know.... it 's true.

I think that over time the theory will go adjusted taking into account addresses
that have dateIn  or dateOut more Recent that X  number of years,
Considering the other addresses dead.

In the table at 2 post I give some statistics for addresses not used from
01/01/2012.

But for now bitcoin is so young that I think this does not matter.




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January 31, 2014, 12:01:24 PM
 #11

I believe that the growth of the guiding coefficient of the regression with time (meaning the purple curve predicts a higher price in late 2014 than the blue one, which itself predicts a higher price than the green one) is expected. Indeed, the easier buying and holding bitcoins is, the faster the network expands.

I mean that typically if the guiding coefficient is constant that means every new user brings k new users to the network in a given time T.

 But with bitcoin, at the very beginning people had to be very tech savvy so a new user was bringing let's say 3 new users in a month back in mid 2010. But now it is so much easier to buy bitcoin and there is still so many people out of the network that the same guy can bring 10 new users in a month instead of 3. And this rate will grow tremendously with the apparition of an ETF or the possibility to buy some to a bank like Lloyd's or Well's Fargo.

This assumption should not be made to modelize the growth of Facebook or Twitter because these networks have been easy to enter in since the beginning.

So that is why i think you should modelize the growth of the guiding coefficient over time, and interpolate with a constant coefficient gives an underpriced estimation in my opinion.

TLDR The prediction of 8000$ with this model is too low.
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February 01, 2014, 01:51:23 PM
 #12

---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281588  20/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23640410   0.00%   0.00%  90.4448%                            0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404311  38.39%   8.86%   1.5468%  16.19%                    0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     888694  82.60%  30.49%   3.4000%  35.58%                  178.47579  74.47%  10.88%   0.0015%         0.00000
> 0.001 BTC <= 0.1 BTC                733133  69.94%   9.61%   2.8049%  29.35%                15357.05709  75.19%  14.35%   0.1250%         0.00000
> 0.1 BTC <= 1 BTC                    246805  71.09%   9.10%   0.9442%   9.88%               114039.92835  76.25%  11.48%   0.9281%         0.00000
> 1 BTC <= 5 BTC                       98291  68.71%   9.43%   0.3760%   3.94%               240798.05631  70.50%   9.90%   1.9598%         0.00000
> 5 BTC <= 10 BTC                      31040  72.52%   8.52%   0.1188%   1.24%               242006.83886  74.52%   8.51%   1.9696%         0.00000
> 10 BTC <= 25 BTC                     24893  70.02%   8.92%   0.0952%   1.00%               414247.36810  71.49%   9.12%   3.3714%         0.00000
> 25 BTC <= 50 BTC                     50053  92.88%  74.45%   0.1915%   2.00%              2324363.85390  94.53%  79.62%  18.9172%         0.00000
> 50 BTC <= 75 BTC                      4489  71.78%  16.77%   0.0172%   0.18%               267665.61522  71.30%  15.28%   2.1784%         0.00000
> 75 BTC <= 100 BTC                     5562  82.27%   8.20%   0.0213%   0.22%               524703.32228  83.27%   8.28%   4.2704%         0.00000
> 100 BTC <= 500 BTC                    7672  70.75%   8.47%   0.0294%   0.31%              1708360.94025  72.18%   9.15%  13.9038%         0.00000
> 500 btc <= 1000 BTC                   1467  74.37%   6.82%   0.0056%   0.06%              1132149.10733  76.05%   7.08%   9.2142%         0.00000
> 1000 BTC                              1121  66.73%  10.53%   0.0043%   0.04%              5303179.11919  69.45%   6.34%  43.1607%         0.00000
                  Total Actives      2497531  69.93%  18.14%   9.5552% 100.00%             12287049.68643  76.07%  21.20% 100.0000%         0.00000
                  Total             26137941   6.68%   1.73% 100.0000%                     12287049.68643  76.07%  21.20% 100.0000%         0.00000
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281754  21/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23718956   0.00%   0.00%  90.4525%              78546         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404307  38.39%   8.86%   1.5418%  16.15%         -4         0.00404  38.39%   8.86%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     889457  82.58%  30.46%   3.3920%  35.53%        763       178.83823  74.45%  10.86%   0.0015%         0.36244
> 0.001 BTC <= 0.1 BTC                736700  69.81%   9.56%   2.8094%  29.43%       3567     15434.31496  74.86%  14.28%   0.1256%        77.25786
> 0.1 BTC <= 1 BTC                    247686  70.87%   9.06%   0.9446%   9.89%        881    114311.43846  76.04%  11.44%   0.9300%       271.51010
> 1 BTC <= 5 BTC                       98975  68.52%   9.36%   0.3774%   3.95%        684    242415.69126  70.30%   9.83%   1.9723%      1617.63495
> 5 BTC <= 10 BTC                      31278  72.46%   8.46%   0.1193%   1.25%        238    243925.96439  74.48%   8.44%   1.9846%      1919.12553
> 10 BTC <= 25 BTC                     24879  69.84%   8.92%   0.0949%   0.99%        -14    414162.34065  71.33%   9.12%   3.3696%       -85.02745
> 25 BTC <= 50 BTC                     50053  92.91%  74.45%   0.1909%   2.00%          0   2324420.87056  94.54%  79.61%  18.9113%        57.01666
> 50 BTC <= 75 BTC                      4512  71.88%  16.67%   0.0172%   0.18%         23    269242.63002  71.40%  15.17%   2.1905%      1577.01479
> 75 BTC <= 100 BTC                     5536  82.41%   8.22%   0.0211%   0.22%        -26    522588.60633  83.39%   8.30%   4.2517%     -2114.71595
> 100 BTC <= 500 BTC                    7633  70.65%   8.48%   0.0291%   0.30%        -39   1702173.67387  72.18%   9.17%  13.8487%     -6187.26638
> 500 btc <= 1000 BTC                   1461  74.26%   6.84%   0.0056%   0.06%         -6   1127089.70856  75.95%   7.11%   9.1699%     -5059.39878
> 1000 BTC                              1127  66.90%  10.47%   0.0043%   0.05%          6   5315255.60198  69.46%   6.33%  43.2444%     12076.48279
                  Total Actives      2503604  69.86%  18.10%   9.5475% 100.00%       6073  12291199.68302  76.06%  21.19% 100.0000%      4149.99658
                  Total             26222560   6.67%   1.73% 100.0000%              84619  12291199.68302  76.06%  21.19% 100.0000%      4149.99658
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  281946  22/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23788234   0.00%   0.00%  90.4507%              69278         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404307  38.39%   8.86%   1.5373%  16.10%          0         0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     889525  82.57%  30.46%   3.3823%  35.42%         68       178.98577  74.45%  10.84%   0.0015%         0.14755
> 0.001 BTC <= 0.1 BTC                741440  69.81%   9.50%   2.8192%  29.52%       4740     15566.17831  74.77%  14.15%   0.1266%       131.86335
> 0.1 BTC <= 1 BTC                    250027  70.68%   8.97%   0.9507%   9.96%       2341    115022.93534  75.88%  11.37%   0.9355%       711.49688
> 1 BTC <= 5 BTC                       99580  68.44%   9.30%   0.3786%   3.97%        605    243602.58819  70.18%   9.78%   1.9812%      1186.89693
> 5 BTC <= 10 BTC                      31236  72.35%   8.47%   0.1188%   1.24%        -42    243421.87319  74.34%   8.46%   1.9797%      -504.09121
> 10 BTC <= 25 BTC                     24963  69.76%   8.88%   0.0949%   0.99%         84    415678.42966  71.27%   9.08%   3.3806%      1516.08901
> 25 BTC <= 50 BTC                     50103  92.86%  74.37%   0.1905%   1.99%         50   2326085.97779  94.50%  79.55%  18.9174%      1665.10724
> 50 BTC <= 75 BTC                      4501  71.74%  16.69%   0.0171%   0.18%        -11    268597.49245  71.24%  15.19%   2.1844%      -645.13756
> 75 BTC <= 100 BTC                     5524  82.48%   8.20%   0.0210%   0.22%        -12    521545.28108  83.46%   8.28%   4.2416%     -1043.32526
> 100 BTC <= 500 BTC                    7646  70.49%   8.44%   0.0291%   0.30%         13   1705156.04694  72.02%   9.14%  13.8676%      2982.37307
> 500 btc <= 1000 BTC                   1466  74.08%   6.82%   0.0056%   0.06%          5   1130403.73945  75.79%   7.09%   9.1933%      3314.03089
> 1000 BTC                              1126  66.96%  10.48%   0.0043%   0.04%         -1   5310740.25269  69.51%   6.33%  43.1908%     -4515.34929
                  Total Actives      2511444  69.83%  18.04%   9.5493% 100.00%       7840  12295999.78462  76.03%  21.18% 100.0000%      4800.10160
                  Total             26299678   6.67%   1.72% 100.0000%              77118  12295999.78462  76.03%  21.18% 100.0000%      4800.10160
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282123  23/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23856570   0.00%   0.00%  90.4693%              68336         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404313  38.39%   8.86%   1.5332%  16.09%          6         0.00404  38.39%   8.86%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     890850  82.53%  30.41%   3.3783%  35.45%       1325       179.45436  74.32%  10.81%   0.0015%         0.46858
> 0.001 BTC <= 0.1 BTC                741894  69.95%   9.49%   2.8134%  29.52%        454     15446.54826  75.26%  14.26%   0.1256%      -119.63005
> 0.1 BTC <= 1 BTC                    249847  70.76%   8.98%   0.9475%   9.94%       -180    115223.57715  75.84%  11.34%   0.9367%       200.64181
> 1 BTC <= 5 BTC                       99708  68.43%   9.29%   0.3781%   3.97%        128    244299.08099  70.19%   9.75%   1.9861%       696.49279
> 5 BTC <= 10 BTC                      31304  72.47%   8.45%   0.1187%   1.25%         68    244172.92254  74.44%   8.43%   1.9851%       751.04936
> 10 BTC <= 25 BTC                     24907  69.77%   8.89%   0.0945%   0.99%        -56    414901.93382  71.25%   9.09%   3.3731%      -776.49585
> 25 BTC <= 50 BTC                     50131  92.83%  74.32%   0.1901%   1.99%         28   2327214.99511  94.47%  79.51%  18.9198%      1129.01731
> 50 BTC <= 75 BTC                      4513  71.55%  16.64%   0.0171%   0.18%         12    269370.15891  71.03%  15.15%   2.1899%       772.66646
> 75 BTC <= 100 BTC                     5521  82.67%   8.19%   0.0209%   0.22%         -3    521273.04545  83.64%   8.27%   4.2378%      -272.23563
> 100 BTC <= 500 BTC                    7651  70.42%   8.43%   0.0290%   0.30%          5   1707989.62295  71.95%   9.12%  13.8856%      2833.57601
> 500 btc <= 1000 BTC                   1460  74.18%   6.85%   0.0055%   0.06%         -6   1126799.66153  75.94%   7.11%   9.1607%     -3604.07792
> 1000 BTC                              1127  66.90%  10.47%   0.0043%   0.04%          1   5313553.77399  69.42%   6.33%  43.1981%      2813.52130
                  Total Actives      2513226  69.87%  18.03%   9.5307% 100.00%       1782  12300424.77880  75.99%  21.17% 100.0000%      4424.99418
                  Total             26369796   6.66%   1.72% 100.0000%              70118  12300424.77880  75.99%  21.17% 100.0000%      4424.99418
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282312  24/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23919316   0.00%   0.00%  90.4656%              62746         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404273  38.40%   8.87%   1.5290%  16.04%        -40         0.00404  38.40%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     891253  82.53%  30.40%   3.3708%  35.35%        403       179.40679  74.32%  10.81%   0.0015%        -0.04756
> 0.001 BTC <= 0.1 BTC                746834  69.81%   9.42%   2.8246%  29.63%       4940     15615.89649  74.81%  14.10%   0.1269%       169.34823
> 0.1 BTC <= 1 BTC                    251302  70.33%   8.92%   0.9505%   9.97%       1455    115694.54530  75.48%  11.29%   0.9402%       470.96814
> 1 BTC <= 5 BTC                      100313  68.21%   9.23%   0.3794%   3.98%        605    245818.39854  69.95%   9.68%   1.9977%      1519.31755
> 5 BTC <= 10 BTC                      31449  72.41%   8.40%   0.1189%   1.25%        145    245251.76897  74.41%   8.39%   1.9931%      1078.84643
> 10 BTC <= 25 BTC                     25052  69.63%   8.83%   0.0947%   0.99%        145    417291.10370  71.14%   9.03%   3.3912%      2389.16988
> 25 BTC <= 50 BTC                     50190  92.80%  74.23%   0.1898%   1.99%         59   2329109.56899  94.45%  79.44%  18.9279%      1894.57388
> 50 BTC <= 75 BTC                      4521  71.47%  16.61%   0.0171%   0.18%          8    269922.53709  70.94%  15.11%   2.1936%       552.37818
> 75 BTC <= 100 BTC                     5534  82.40%   8.17%   0.0209%   0.22%         13    522585.15612  83.36%   8.25%   4.2469%      1312.11068
> 100 BTC <= 500 BTC                    7630  70.16%   8.44%   0.0289%   0.30%        -21   1707099.54467  71.64%   9.11%  13.8730%      -890.07829
> 500 btc <= 1000 BTC                   1455  74.36%   6.87%   0.0055%   0.06%         -5   1122178.52159  76.29%   7.14%   9.1196%     -4621.13994
> 1000 BTC                              1109  67.54%  10.64%   0.0042%   0.04%        -18   5314403.32307  69.95%   6.33%  43.1884%       849.54908
                  Total Actives      2520915  69.78%  17.97%   9.5344% 100.00%       7689  12305149.77507  76.18%  21.16% 100.0000%      4724.99627
                  Total             26440231   6.65%   1.71% 100.0000%              70435  12305149.77507  76.18%  21.16% 100.0000%      4724.99627
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282477  25/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 23975002   0.00%   0.00%  90.4743%              55686         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404273  38.40%   8.87%   1.5256%  16.02%          0         0.00404  38.40%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     892616  82.51%  30.35%   3.3685%  35.36%       1363       179.90381  74.33%  10.78%   0.0015%         0.49702
> 0.001 BTC <= 0.1 BTC                749650  69.86%   9.39%   2.8289%  29.70%       2816     15693.60393  74.78%  14.03%   0.1275%        77.70744
> 0.1 BTC <= 1 BTC                    250536  70.57%   8.95%   0.9454%   9.93%       -766    115367.64763  75.68%  11.32%   0.9372%      -326.89767
> 1 BTC <= 5 BTC                      100245  68.43%   9.23%   0.3783%   3.97%        -68    245603.76148  70.18%   9.69%   1.9953%      -214.63706
> 5 BTC <= 10 BTC                      31446  72.40%   8.39%   0.1187%   1.25%         -3    245260.39065  74.37%   8.38%   1.9925%         8.62168
> 10 BTC <= 25 BTC                     25000  69.78%   8.85%   0.0943%   0.99%        -52    416858.91696  71.24%   9.04%   3.3865%      -432.18674
> 25 BTC <= 50 BTC                     50214  92.78%  74.18%   0.1895%   1.99%         24   2329831.34184  94.44%  79.40%  18.9274%       721.77285
> 50 BTC <= 75 BTC                      4512  71.61%  16.62%   0.0170%   0.18%         -9    269414.69710  71.09%  15.12%   2.1887%      -507.83999
> 75 BTC <= 100 BTC                     5538  82.48%   8.14%   0.0209%   0.22%          4    523010.62348  83.45%   8.22%   4.2489%       425.46736
> 100 BTC <= 500 BTC                    7645  70.35%   8.37%   0.0288%   0.30%         15   1710751.93319  71.80%   9.05%  13.8981%      3652.38852
> 500 btc <= 1000 BTC                   1454  74.35%   6.88%   0.0055%   0.06%         -1   1121013.49627  76.30%   7.15%   9.1071%     -1165.02532
> 1000 BTC                              1112  67.54%  10.61%   0.0042%   0.04%          3   5316288.45150  69.97%   6.33%  43.1893%      1885.12843
                  Total Actives      2524241  69.83%  17.94%   9.5257% 100.00%       3326  12309274.77157  76.22%  21.14% 100.0000%      4124.99651
                  Total             26499243   6.65%   1.71% 100.0000%              59012  12309274.77157  76.22%  21.14% 100.0000%      4124.99651
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282629  26/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24030500   0.00%   0.00%  90.4703%              55498         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404286  38.40%   8.87%   1.5221%  15.97%         13         0.00404  38.40%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     893746  82.50%  30.31%   3.3648%  35.31%       1130       180.29252  74.32%  10.76%   0.0015%         0.38871
> 0.001 BTC <= 0.1 BTC                752928  69.94%   9.34%   2.8346%  29.75%       3278     15784.72847  74.80%  13.95%   0.1282%        91.12454
> 0.1 BTC <= 1 BTC                    252431  70.47%   8.88%   0.9504%   9.97%       1895    116025.50875  75.62%  11.25%   0.9423%       657.86112
> 1 BTC <= 5 BTC                      100810  68.40%   9.17%   0.3795%   3.98%        565    246851.25998  70.14%   9.63%   2.0048%      1247.49850
> 5 BTC <= 10 BTC                      31472  72.46%   8.39%   0.1185%   1.24%         26    245350.79422  74.42%   8.37%   1.9926%        90.40357
> 10 BTC <= 25 BTC                     25080  69.80%   8.80%   0.0944%   0.99%         80    417932.72476  71.26%   9.00%   3.3942%      1073.80780
> 25 BTC <= 50 BTC                     50236  92.76%  74.14%   0.1891%   1.98%         22   2330363.28476  94.42%  79.37%  18.9259%       531.94292
> 50 BTC <= 75 BTC                      4526  71.56%  16.57%   0.0170%   0.18%         14    270141.45914  71.05%  15.07%   2.1939%       726.76204
> 75 BTC <= 100 BTC                     5534  82.56%   8.15%   0.0208%   0.22%         -4    522497.48356  83.53%   8.23%   4.2434%      -513.13992
> 100 BTC <= 500 BTC                    7635  70.26%   8.37%   0.0287%   0.30%        -10   1708335.56307  71.71%   9.04%  13.8742%     -2416.37011
> 500 btc <= 1000 BTC                   1453  74.12%   6.88%   0.0055%   0.06%         -1   1120226.01262  76.08%   7.16%   9.0979%      -787.48365
> 1000 BTC                              1112  67.45%  10.61%   0.0042%   0.04%          0   5319385.65315  69.90%   6.32%  43.2011%      3097.20166
                  Total Actives      2531249  69.84%  17.89%   9.5297% 100.00%       7008  12313074.76874  76.16%  21.13% 100.0000%      3799.99717
                  Total             26561749   6.66%   1.71% 100.0000%              62506  12313074.76874  76.16%  21.13% 100.0000%      3799.99717
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282803  27/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24095762   0.00%   0.00%  90.4501%              65262         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404284  38.40%   8.87%   1.5176%  15.89%         -2         0.00404  38.40%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     898563  82.51%  30.15%   3.3730%  35.32%       4817       181.71100  74.42%  10.67%   0.0015%         1.41848
> 0.001 BTC <= 0.1 BTC                757644  69.92%   9.28%   2.8440%  29.78%       4716     15907.75197  74.64%  13.83%   0.1291%       123.02350
> 0.1 BTC <= 1 BTC                    254626  70.21%   8.79%   0.9558%  10.01%       2195    116763.52952  75.40%  11.18%   0.9480%       738.02077
> 1 BTC <= 5 BTC                      101515  68.19%   9.11%   0.3811%   3.99%        705    248671.06574  69.95%   9.56%   2.0189%      1819.80576
> 5 BTC <= 10 BTC                      31723  72.34%   8.31%   0.1191%   1.25%        251    247586.52388  74.34%   8.29%   2.0101%      2235.72966
> 10 BTC <= 25 BTC                     25182  69.80%   8.76%   0.0945%   0.99%        102    419041.22561  71.29%   8.97%   3.4020%      1108.50085
> 25 BTC <= 50 BTC                     50260  92.72%  74.09%   0.1887%   1.98%         24   2331124.45672  94.39%  79.33%  18.9254%       761.17196
> 50 BTC <= 75 BTC                      4531  71.44%  16.55%   0.0170%   0.18%          5    270551.45609  70.89%  15.05%   2.1965%       409.99695
> 75 BTC <= 100 BTC                     5548  82.46%   8.13%   0.0208%   0.22%         14    523735.81691  83.43%   8.21%   4.2520%      1238.33335
> 100 BTC <= 500 BTC                    7618  70.11%   8.36%   0.0286%   0.30%        -17   1705005.19699  71.62%   9.04%  13.8422%     -3330.36609
> 500 btc <= 1000 BTC                   1469  73.72%   6.81%   0.0055%   0.06%         16   1133531.78506  75.54%   7.07%   9.2027%     13305.77244
> 1000 BTC                              1106  67.36%  10.67%   0.0042%   0.04%         -6   5305324.24410  69.90%   6.34%  43.0717%    -14061.40905
                  Total Actives      2544069  69.83%  17.80%   9.5499% 100.00%      12820  12317424.76733  76.09%  21.12% 100.0000%      4349.99858
                  Total             26639831   6.67%   1.70% 100.0000%              78082  12317424.76733  76.09%  21.12% 100.0000%      4349.99858
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  282957  28/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24171974   0.00%   0.00%  90.4597%              76212         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404235  38.40%   8.87%   1.5128%  15.86%        -49         0.00404  38.40%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     899061  82.50%  30.13%   3.3646%  35.27%        498       181.89135  74.41%  10.66%   0.0015%         0.18035
> 0.001 BTC <= 0.1 BTC                761638  69.89%   9.23%   2.8503%  29.88%       3994     15990.74809  74.51%  13.76%   0.1298%        82.99612
> 0.1 BTC <= 1 BTC                    255758  70.29%   8.75%   0.9571%  10.03%       1132    117120.68258  75.41%  11.14%   0.9506%       357.15306
> 1 BTC <= 5 BTC                      101262  68.17%   9.12%   0.3790%   3.97%       -253    248323.48642  69.95%   9.57%   2.0154%      -347.57932
> 5 BTC <= 10 BTC                      31638  72.33%   8.33%   0.1184%   1.24%        -85    246703.95578  74.33%   8.32%   2.0023%      -882.56810
> 10 BTC <= 25 BTC                     25138  69.88%   8.77%   0.0941%   0.99%        -44    417972.10142  71.37%   8.99%   3.3923%     -1069.12419
> 25 BTC <= 50 BTC                     50260  92.76%  74.09%   0.1881%   1.97%          0   2331278.68717  94.42%  79.33%  18.9208%       154.23045
> 50 BTC <= 75 BTC                      4543  71.52%  16.51%   0.0170%   0.18%         12    271159.20510  70.95%  15.02%   2.2007%       607.74901
> 75 BTC <= 100 BTC                     5542  82.66%   8.14%   0.0207%   0.22%         -6    523510.42953  83.59%   8.21%   4.2488%      -225.38738
> 100 BTC <= 500 BTC                    7640  70.37%   8.29%   0.0286%   0.30%         22   1711087.35302  71.81%   8.98%  13.8873%      6082.15603
> 500 btc <= 1000 BTC                   1470  73.74%   6.80%   0.0055%   0.06%          1   1133771.97994  75.56%   7.07%   9.2017%       240.19488
> 1000 BTC                              1104  67.39%  10.69%   0.0041%   0.04%         -2   5304174.24087  69.89%   6.34%  43.0489%     -1150.00323
                  Total Actives      2549289  69.83%  17.76%   9.5403% 100.00%       5220  12321274.76502  76.12%  21.10% 100.0000%      3849.99769
                  Total             26721263   6.66%   1.69% 100.0000%              81432  12321274.76502  76.12%  21.10% 100.0000%      3849.99769
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283109  29/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24234079   0.00%   0.00%  90.4533%              62105         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404237  38.41%   8.87%   1.5088%  15.80%          2         0.00404  38.41%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     899892  82.47%  30.10%   3.3588%  35.18%        831       182.30419  74.35%  10.64%   0.0015%         0.41283
> 0.001 BTC <= 0.1 BTC                767023  69.81%   9.17%   2.8629%  29.99%       5385     16150.22650  74.29%  13.62%   0.1310%       159.47841
> 0.1 BTC <= 1 BTC                    257866  70.10%   8.68%   0.9625%  10.08%       2108    117705.99111  75.29%  11.08%   0.9550%       585.30853
> 1 BTC <= 5 BTC                      101407  68.09%   9.10%   0.3785%   3.96%        145    248677.62562  69.87%   9.55%   2.0177%       354.13919
> 5 BTC <= 10 BTC                      31616  72.31%   8.33%   0.1180%   1.24%        -22    246483.77013  74.31%   8.31%   1.9999%      -220.18565
> 10 BTC <= 25 BTC                     25148  69.71%   8.77%   0.0939%   0.98%         10    418519.34681  71.22%   8.98%   3.3957%       547.24539
> 25 BTC <= 50 BTC                     50240  92.76%  74.12%   0.1875%   1.96%        -20   2330537.56489  94.42%  79.35%  18.9089%      -741.12228
> 50 BTC <= 75 BTC                      4545  71.60%  16.48%   0.0170%   0.18%          2    271334.28814  71.06%  14.99%   2.2015%       175.08303
> 75 BTC <= 100 BTC                     5537  82.59%   8.15%   0.0207%   0.22%         -5    522813.70230  83.54%   8.22%   4.2419%      -696.72724
> 100 BTC <= 500 BTC                    7631  70.20%   8.26%   0.0285%   0.30%         -9   1709337.61264  71.65%   8.95%  13.8688%     -1749.74038
> 500 btc <= 1000 BTC                   1476  73.51%   6.78%   0.0055%   0.06%          6   1136998.48978  75.39%   7.05%   9.2251%      3226.50984
> 1000 BTC                              1111  67.06%  10.62%   0.0041%   0.04%          7   5306333.83773  69.80%   6.34%  43.0532%      2159.59686
                  Total Actives      2557729  69.77%  17.70%   9.5467% 100.00%       8440  12325074.76358  76.03%  21.09% 100.0000%      3799.99856
                  Total             26791808   6.66%   1.69% 100.0000%              70545  12325074.76358  76.03%  21.09% 100.0000%      3799.99856
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283285  30/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24304459   0.00%   0.00%  90.4570%              70380         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404231  38.41%   8.87%   1.5045%  15.77%         -6         0.00404  38.41%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     900853  82.47%  30.07%   3.3528%  35.13%        961       182.65997  74.38%  10.62%   0.0015%         0.35578
> 0.001 BTC <= 0.1 BTC                771830  69.82%   9.11%   2.8726%  30.10%       4807     16234.41090  74.29%  13.55%   0.1317%        84.18440
> 0.1 BTC <= 1 BTC                    258194  70.25%   8.67%   0.9610%  10.07%        328    117811.98469  75.42%  11.07%   0.9555%       105.99358
> 1 BTC <= 5 BTC                      101420  68.23%   9.10%   0.3775%   3.96%         13    248665.48738  70.03%   9.55%   2.0168%       -12.13824
> 5 BTC <= 10 BTC                      31678  72.46%   8.31%   0.1179%   1.24%         62    246937.81650  74.45%   8.30%   2.0028%       454.04637
> 10 BTC <= 25 BTC                     25297  70.00%   8.72%   0.0942%   0.99%        149    420438.61890  71.48%   8.93%   3.4100%      1919.27209
> 25 BTC <= 50 BTC                     50260  92.77%  74.09%   0.1871%   1.96%         20   2331321.29886  94.43%  79.32%  18.9085%       783.73398
> 50 BTC <= 75 BTC                      4541  71.68%  16.49%   0.0169%   0.18%         -4    271059.01841  71.14%  15.00%   2.1985%      -275.26973
> 75 BTC <= 100 BTC                     5537  82.46%   8.15%   0.0206%   0.22%          0    522888.82244  83.43%   8.22%   4.2410%        75.12014
> 100 BTC <= 500 BTC                    7642  70.18%   8.23%   0.0284%   0.30%         11   1710273.99688  71.63%   8.93%  13.8714%       936.38423
> 500 btc <= 1000 BTC                   1481  73.53%   6.75%   0.0055%   0.06%          5   1140497.64000  75.41%   7.03%   9.2502%      3499.15022
> 1000 BTC                              1111  67.06%  10.62%   0.0041%   0.04%          0   5303163.00306  69.80%   6.34%  43.0121%     -3170.83467
                  Total Actives      2564075  69.81%  17.66%   9.5430% 100.00%       6346  12329474.76173  76.05%  21.08% 100.0000%      4399.99815
                  Total             26868534   6.66%   1.69% 100.0000%              76726  12329474.76173  76.05%  21.08% 100.0000%      4399.99815
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283469  31/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24375186   0.00%   0.00%  90.4565%              70727         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404247  38.41%   8.87%   1.5002%  15.72%         16         0.00404  38.41%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     901871  82.45%  30.04%   3.3468%  35.07%       1018       182.97061  74.38%  10.60%   0.0015%         0.31064
> 0.001 BTC <= 0.1 BTC                776007  69.80%   9.06%   2.8798%  30.18%       4177     16364.05592  74.08%  13.44%   0.1327%       129.64502
> 0.1 BTC <= 1 BTC                    259888  70.03%   8.61%   0.9644%  10.11%       1694    118407.39113  75.21%  11.01%   0.9600%       595.40644
> 1 BTC <= 5 BTC                      101982  68.11%   9.05%   0.3785%   3.97%        562    249948.07298  69.92%   9.50%   2.0265%      1282.58561
> 5 BTC <= 10 BTC                      31776  72.19%   8.28%   0.1179%   1.24%         98    247447.64311  74.21%   8.28%   2.0062%       509.82661
> 10 BTC <= 25 BTC                     25313  69.76%   8.71%   0.0939%   0.98%         16    420626.98969  71.31%   8.93%   3.4103%       188.37078
> 25 BTC <= 50 BTC                     50299  92.74%  74.03%   0.1867%   1.96%         39   2332760.26293  94.39%  79.27%  18.9131%      1438.96407
> 50 BTC <= 75 BTC                      4546  71.47%  16.48%   0.0169%   0.18%          5    271388.36323  70.89%  14.98%   2.2003%       329.34482
> 75 BTC <= 100 BTC                     5526  82.59%   8.16%   0.0205%   0.21%        -11    522096.56931  83.53%   8.24%   4.2330%      -792.25313
> 100 BTC <= 500 BTC                    7639  70.10%   8.21%   0.0283%   0.30%         -3   1708858.92526  71.56%   8.92%  13.8548%     -1415.07162
> 500 btc <= 1000 BTC                   1478  73.14%   6.77%   0.0055%   0.06%         -3   1138682.69721  75.06%   7.04%   9.2320%     -1814.94279
> 1000 BTC                              1114  66.97%  10.59%   0.0041%   0.04%          3   5307310.81487  69.76%   6.34%  43.0297%      4147.81181
                  Total Actives      2571686  69.77%  17.60%   9.5435% 100.00%       7611  12334074.75999  75.97%  21.07% 100.0000%      4599.99826
                  Total             26946872   6.66%   1.68% 100.0000%              78338  12334074.75999  75.97%  21.07% 100.0000%      4599.99826

num      : number of addresses in this range of balance
%noOut   : percentage of active addresses WITHOUT out operations
%dead    : percentage of active addresses with input and output operations prior to 2012
%of tot  : percentage of the TOTAL number addresses
%of act  : percentage of the number of addresses with zero balance (active)
diff prev: number variation compared to the previous table
%noOut   : % value transactions WITHOUT output ( % value of range)
%vdead   : % operations value prev 2012 ( % value of range))
%TotVal  : % value of this range compared to the total value
diff prev: change in value compared to the previous table

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                gbianchi bitcointalk.org bitcoin-italia.org

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gbianchi
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February 01, 2014, 11:04:47 PM
 #13

a reference to my work:

http://www.cryptocoinsnews.com/2014/02/01/investment-case-bitcoin/

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February 02, 2014, 08:56:42 PM
 #14

I added in the chart the value of volatility.

I used the classic formula of volatility, namely:
standard deviation of daily percentage changes.

Every day calculating the volatility based on the price up to 30 days ago.

It shows very clearly the regularyty of periods "pump",
which are the peaks in the volatility chart.


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February 03, 2014, 04:52:08 PM
 #15

great work !!!!
7900 will be fine ...  Shocked Shocked Shocked
Please respond to your emails!!!!!
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February 04, 2014, 08:43:15 AM
 #16

---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283285  30/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24304459   0.00%   0.00%  90.4570%                            0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404231  38.41%   8.87%   1.5045%  15.77%                    0.00404  38.41%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     900853  82.47%  30.07%   3.3528%  35.13%                  182.65997  74.38%  10.62%   0.0015%         0.00000
> 0.001 BTC <= 0.1 BTC                771830  69.82%   9.11%   2.8726%  30.10%                16234.41090  74.29%  13.55%   0.1317%         0.00000
> 0.1 BTC <= 1 BTC                    258194  70.25%   8.67%   0.9610%  10.07%               117811.98469  75.42%  11.07%   0.9555%         0.00000
> 1 BTC <= 5 BTC                      101420  68.23%   9.10%   0.3775%   3.96%               248665.48738  70.03%   9.55%   2.0168%         0.00000
> 5 BTC <= 10 BTC                      31678  72.46%   8.31%   0.1179%   1.24%               246937.81650  74.45%   8.30%   2.0028%         0.00000
> 10 BTC <= 25 BTC                     25297  70.00%   8.72%   0.0942%   0.99%               420438.61890  71.48%   8.93%   3.4100%         0.00000
> 25 BTC <= 50 BTC                     50260  92.77%  74.09%   0.1871%   1.96%              2331321.29886  94.43%  79.32%  18.9085%         0.00000
> 50 BTC <= 75 BTC                      4541  71.68%  16.49%   0.0169%   0.18%               271059.01841  71.14%  15.00%   2.1985%         0.00000
> 75 BTC <= 100 BTC                     5537  82.46%   8.15%   0.0206%   0.22%               522888.82244  83.43%   8.22%   4.2410%         0.00000
> 100 BTC <= 500 BTC                    7642  70.18%   8.23%   0.0284%   0.30%              1710273.99688  71.63%   8.93%  13.8714%         0.00000
> 500 btc <= 1000 BTC                   1481  73.53%   6.75%   0.0055%   0.06%              1140497.64000  75.41%   7.03%   9.2502%         0.00000
> 1000 BTC                              1111  67.06%  10.62%   0.0041%   0.04%              5303163.00306  69.80%   6.34%  43.0121%         0.00000
                  Total Actives      2564075  69.81%  17.66%   9.5430% 100.00%             12329474.76173  76.05%  21.08% 100.0000%         0.00000
                  Total             26868534   6.66%   1.69% 100.0000%                     12329474.76173  76.05%  21.08% 100.0000%         0.00000
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283469  31/01/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24375186   0.00%   0.00%  90.4565%              70727         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404247  38.41%   8.87%   1.5002%  15.72%         16         0.00404  38.41%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     901871  82.45%  30.04%   3.3468%  35.07%       1018       182.97061  74.38%  10.60%   0.0015%         0.31064
> 0.001 BTC <= 0.1 BTC                776007  69.80%   9.06%   2.8798%  30.18%       4177     16364.05592  74.08%  13.44%   0.1327%       129.64502
> 0.1 BTC <= 1 BTC                    259888  70.03%   8.61%   0.9644%  10.11%       1694    118407.39113  75.21%  11.01%   0.9600%       595.40644
> 1 BTC <= 5 BTC                      101982  68.11%   9.05%   0.3785%   3.97%        562    249948.07298  69.92%   9.50%   2.0265%      1282.58561
> 5 BTC <= 10 BTC                      31776  72.19%   8.28%   0.1179%   1.24%         98    247447.64311  74.21%   8.28%   2.0062%       509.82661
> 10 BTC <= 25 BTC                     25313  69.76%   8.71%   0.0939%   0.98%         16    420626.98969  71.31%   8.93%   3.4103%       188.37078
> 25 BTC <= 50 BTC                     50299  92.74%  74.03%   0.1867%   1.96%         39   2332760.26293  94.39%  79.27%  18.9131%      1438.96407
> 50 BTC <= 75 BTC                      4546  71.47%  16.48%   0.0169%   0.18%          5    271388.36323  70.89%  14.98%   2.2003%       329.34482
> 75 BTC <= 100 BTC                     5526  82.59%   8.16%   0.0205%   0.21%        -11    522096.56931  83.53%   8.24%   4.2330%      -792.25313
> 100 BTC <= 500 BTC                    7639  70.10%   8.21%   0.0283%   0.30%         -3   1708858.92526  71.56%   8.92%  13.8548%     -1415.07162
> 500 btc <= 1000 BTC                   1478  73.14%   6.77%   0.0055%   0.06%         -3   1138682.69721  75.06%   7.04%   9.2320%     -1814.94279
> 1000 BTC                              1114  66.97%  10.59%   0.0041%   0.04%          3   5307310.81487  69.76%   6.34%  43.0297%      4147.81181
                  Total Actives      2571686  69.77%  17.60%   9.5435% 100.00%       7611  12334074.75999  75.97%  21.07% 100.0000%      4599.99826
                  Total             26946872   6.66%   1.68% 100.0000%              78338  12334074.75999  75.97%  21.07% 100.0000%      4599.99826
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283658  01/02/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24439225   0.00%   0.00%  90.4526%              64039         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404241  38.41%   8.87%   1.4961%  15.67%         -6         0.00404  38.41%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     902629  82.44%  30.01%   3.3407%  34.99%        758       183.17829  74.39%  10.58%   0.0015%         0.20769
> 0.001 BTC <= 0.1 BTC                780088  69.76%   9.01%   2.8872%  30.24%       4081     16506.61482  73.89%  13.32%   0.1338%       142.55890
> 0.1 BTC <= 1 BTC                    262369  69.86%   8.53%   0.9711%  10.17%       2481    119271.40917  75.05%  10.93%   0.9666%       864.01804
> 1 BTC <= 5 BTC                      102389  67.98%   9.01%   0.3790%   3.97%        407    250844.28059  69.80%   9.46%   2.0330%       896.20761
> 5 BTC <= 10 BTC                      31865  72.03%   8.26%   0.1179%   1.24%         89    248124.53840  74.04%   8.25%   2.0109%       676.89529
> 10 BTC <= 25 BTC                     25375  69.73%   8.69%   0.0939%   0.98%         62    421821.51428  71.27%   8.90%   3.4187%      1194.52459
> 25 BTC <= 50 BTC                     50338  92.69%  73.97%   0.1863%   1.95%         39   2334144.85032  94.36%  79.22%  18.9171%      1384.58739
> 50 BTC <= 75 BTC                      4544  71.46%  16.48%   0.0168%   0.18%         -2    271204.01367  70.88%  14.99%   2.1980%      -184.34956
> 75 BTC <= 100 BTC                     5535  82.75%   8.13%   0.0205%   0.21%          9    522869.40643  83.68%   8.20%   4.2376%       772.83712
> 100 BTC <= 500 BTC                    7630  70.03%   8.17%   0.0282%   0.30%         -9   1706987.86730  71.48%   8.88%  13.8343%     -1871.05796
> 500 btc <= 1000 BTC                   1477  73.19%   6.77%   0.0055%   0.06%         -1   1138864.48979  75.06%   7.04%   9.2299%       181.79258
> 1000 BTC                              1110  66.94%  10.63%   0.0041%   0.04%         -4   5307977.59068  69.62%   6.34%  43.0186%       666.77581
                  Total Actives      2579590  69.73%  17.55%   9.5474% 100.00%       7904  12338799.75749  75.89%  21.05% 100.0000%      4724.99750
                  Total             27018815   6.66%   1.68% 100.0000%              71943  12338799.75749  75.89%  21.05% 100.0000%      4724.99750
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  283844  02/02/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24505190   0.00%   0.00%  90.4675%              65965         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404247  38.41%   8.87%   1.4924%  15.66%          6         0.00404  38.41%   8.87%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     903059  82.43%  30.00%   3.3339%  34.97%        430       183.45357  74.39%  10.57%   0.0015%         0.27527
> 0.001 BTC <= 0.1 BTC                781130  69.79%   8.99%   2.8838%  30.25%       1042     16521.25390  73.89%  13.30%   0.1338%        14.63907
> 0.1 BTC <= 1 BTC                    262792  69.76%   8.51%   0.9702%  10.18%        423    119370.24939  75.00%  10.92%   0.9671%        98.84022
> 1 BTC <= 5 BTC                      102779  67.97%   8.97%   0.3794%   3.98%        390    251811.86068  69.79%   9.42%   2.0400%       967.58010
> 5 BTC <= 10 BTC                      31946  72.11%   8.23%   0.1179%   1.24%         81    249003.42250  74.10%   8.21%   2.0173%       878.88410
> 10 BTC <= 25 BTC                     25476  69.83%   8.64%   0.0941%   0.99%        101    423475.34374  71.35%   8.86%   3.4308%      1653.82946
> 25 BTC <= 50 BTC                     50362  92.71%  73.93%   0.1859%   1.95%         24   2335050.76798  94.38%  79.19%  18.9173%       905.91766
> 50 BTC <= 75 BTC                      4551  71.15%  16.44%   0.0168%   0.18%          7    271527.61163  70.60%  14.96%   2.1998%       323.59797
> 75 BTC <= 100 BTC                     5546  82.64%   8.11%   0.0205%   0.21%         11    523819.96819  83.59%   8.19%   4.2437%       950.56176
> 100 BTC <= 500 BTC                    7618  69.93%   8.15%   0.0281%   0.30%        -12   1704928.35999  71.42%   8.87%  13.8124%     -2059.50730
> 500 btc <= 1000 BTC                   1475  73.29%   6.78%   0.0054%   0.06%         -2   1137088.94556  75.14%   7.05%   9.2121%     -1775.54423
> 1000 BTC                              1109  66.91%  10.64%   0.0041%   0.04%         -1   5310668.50661  69.55%   6.33%  43.0242%      2690.91593
                  Total Actives      2582090  69.73%  17.53%   9.5325% 100.00%       2500  12343449.74750  75.86%  21.04% 100.0000%      4649.99001
                  Total             27087280   6.65%   1.67% 100.0000%              68465  12343449.74750  75.86%  21.04% 100.0000%      4649.99001
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  284025  03/02/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 24577279   0.00%   0.00%  90.4642%              72089         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          404246  38.41%   8.87%   1.4880%  15.60%         -1         0.00404  38.41%   8.87%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )     908036  82.43%  29.83%   3.3423%  35.05%       4977       185.07908  74.51%  10.47%   0.0015%         1.62551
> 0.001 BTC <= 0.1 BTC                784839  69.86%   8.95%   2.8888%  30.29%       3709     16570.29165  73.97%  13.26%   0.1342%        49.03776
> 0.1 BTC <= 1 BTC                    262380  69.94%   8.52%   0.9658%  10.13%       -412    119273.40534  75.17%  10.93%   0.9659%       -96.84406
> 1 BTC <= 5 BTC                      102991  68.08%   8.95%   0.3791%   3.98%        212    252419.53158  69.89%   9.40%   2.0442%       607.67089
> 5 BTC <= 10 BTC                      31970  72.19%   8.21%   0.1177%   1.23%         24    249106.60370  74.20%   8.20%   2.0174%       103.18120
> 10 BTC <= 25 BTC                     25542  69.78%   8.61%   0.0940%   0.99%         66    424563.93605  71.29%   8.83%   3.4383%      1088.59231
> 25 BTC <= 50 BTC                     50355  92.72%  73.94%   0.1853%   1.94%         -7   2334540.22741  94.38%  79.21%  18.9063%      -510.54058
> 50 BTC <= 75 BTC                      4561  71.43%  16.40%   0.0168%   0.18%         10    272240.55931  70.92%  14.92%   2.2047%       712.94767
> 75 BTC <= 100 BTC                     5557  82.67%   8.08%   0.0205%   0.21%         11    524779.97260  83.63%   8.16%   4.2499%       960.00441
> 100 BTC <= 500 BTC                    7614  70.12%   8.14%   0.0280%   0.29%         -4   1703812.48745  71.63%   8.86%  13.7983%     -1115.87254
> 500 btc <= 1000 BTC                   1478  73.34%   6.77%   0.0054%   0.06%          3   1138421.89597  75.11%   7.04%   9.2195%      1332.95041
> 1000 BTC                              1112  66.91%  10.61%   0.0041%   0.04%          3   5312060.74460  69.45%   6.33%  43.0197%      1392.23799
                  Total Actives      2590681  69.80%  17.47%   9.5358% 100.00%       8591  12347974.73848  75.85%  21.03% 100.0000%      4524.99098
                  Total             27167960   6.66%   1.67% 100.0000%              80680  12347974.73848  75.85%  21.03% 100.0000%      4524.99098

num      : number of addresses in this range of balance
%noOut   : percentage of active addresses WITHOUT out operations
%dead    : percentage of active addresses with input and output operations prior to 2012
%of tot  : percentage of the TOTAL number addresses
%of act  : percentage of the number of addresses with zero balance (active)
diff prev: number variation compared to the previous table
%noOut   : % value transactions WITHOUT output ( % value of range)
%vdead   : % operations value prev 2012 ( % value of range))
%TotVal  : % value of this range compared to the total value
diff prev: change in value compared to the previous table

donations : 1LJuCmvbzk7Xph1LQRsSzjYYQVu81N53GN

                gbianchi bitcointalk.org bitcoin-italia.org

GUIDA PER NUOVI UTENTI https://bitcointalk.org/index.php?topic=1241459.0
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK https://bitcointalk.org/index.php?topic=945881.0
BITCOIN... WHAT IS IT ? https://bitcointalk.org/index.php?topic=2107660.0
Donazioni: 17ykWbCHG6eMfLt42zCJVw5bZE1YxRMihL
gbianchi
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February 05, 2014, 08:28:52 AM
 #17


GUIDA PER NUOVI UTENTI https://bitcointalk.org/index.php?topic=1241459.0
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK https://bitcointalk.org/index.php?topic=945881.0
BITCOIN... WHAT IS IT ? https://bitcointalk.org/index.php?topic=2107660.0
Donazioni: 17ykWbCHG6eMfLt42zCJVw5bZE1YxRMihL
komar
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February 05, 2014, 08:56:18 AM
 #18

My forecast:


gbianchi
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February 05, 2014, 11:26:24 AM
 #19

LOL

GUIDA PER NUOVI UTENTI https://bitcointalk.org/index.php?topic=1241459.0
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK https://bitcointalk.org/index.php?topic=945881.0
BITCOIN... WHAT IS IT ? https://bitcointalk.org/index.php?topic=2107660.0
Donazioni: 17ykWbCHG6eMfLt42zCJVw5bZE1YxRMihL
MrHindsight
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February 05, 2014, 12:43:30 PM
 #20

Thank you for your insightful analysis gbianchi.
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