Bitcoin Forum
July 20, 2019, 12:41:09 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-08-14] Despite its 70% Drop, Bitcoin Surpassed Gold in Settlement Volume  (Read 36 times)
BitcoinArsenal
Hero Member
*****
Offline Offline

Activity: 924
Merit: 556


View Profile
August 14, 2018, 06:20:35 PM
 #1

According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including HSBC, ICBC Standard Bank, JP Morgan, Scotiabank and UBS, the global gold over-the-counter (OTC) market is on track to settle $446 billion in 2018, having settled less than $30 billion on a monthly basis since January.
Full article on CCN
1563626469
Hero Member
*
Offline Offline

Posts: 1563626469

View Profile Personal Message (Offline)

Ignore
1563626469
Reply with quote  #2

1563626469
Report to moderator
1563626469
Hero Member
*
Offline Offline

Posts: 1563626469

View Profile Personal Message (Offline)

Ignore
1563626469
Reply with quote  #2

1563626469
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1Referee
Legendary
*
Offline Offline

Activity: 1946
Merit: 1326

Segwit please.


View Profile
August 14, 2018, 08:58:33 PM
 #2

It's an article written without taking into consideration that using USD block value data as metric isn't the right way to move forward in this case.

Just because Bitcoin's network has processed like $900 billion in value doesn't mean everything is related to OTC trades.

Some interesting stats;

Block 500002 (2017-12-18) is the highest ever USD block value measured = $3.55 billion.

Block 506462 (2018-01-28) is this year's highest USD block value measured = $1.91 billion.

Block 394736 (2016-01-24) has the highest ever BTC output value measured = 6.5 million BTC.

Block 500546 (2017-22-12) has the highest ever USD block fee measured = $240,800 (lucky miners).

cryptofonia
Jr. Member
*
Offline Offline

Activity: 110
Merit: 1


View Profile WWW
August 15, 2018, 10:30:26 AM
 #3

There is right statistics since the most trade of gold is trade of "paper gold" the same as it's going with "paper oil".
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!