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Author Topic: Total number of bitcoins.  (Read 3249 times)
izanagi narukami
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February 10, 2015, 03:05:15 PM
 #21

The total number of bitcoins must be:   M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.

what will happen with the price if that happen ?


Let's talk about truth!! No. of bitcoins are 130 Millions..
Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..

this is correct!!!

same link....
https://en.bitcoin.it/wiki/Controlled_supply

Eventhough there are a ton of bitcoin, If people doesn't trust into it, the price will not very affect

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Arnab biswas
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February 10, 2015, 06:20:14 PM
 #22

21million bitcoin are there to he mined but what about those which is already mined and we are using it....can't we can use it again and again like a faint currency

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February 10, 2015, 07:27:01 PM
 #23

The total number of bitcoins must be:   M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.

what will happen with the price if that happen ?


Let's talk about truth!! No. of bitcoins are 130 Millions..
Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..

this is correct!!!

same link....
https://en.bitcoin.it/wiki/Controlled_supply

Eventhough there are a ton of bitcoin, If people doesn't trust into it, the price will not very affect

seven years are really an geological era in digital currencies...

and if btc will be there on 2022...

i think it will be already become a world currency standard!

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February 10, 2015, 07:53:55 PM
 #24

A major crash in the financial world is inevitable. It´s just a question of when.

Quote
Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.

http://www.mckinsey.com/insights/economic_studies/debt_and_not_much_deleveraging

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February 10, 2015, 10:10:25 PM
 #25


This is the number of "real bitcoin" but please consider
how  fractional-reserve can generate inflation:

https://bitcointalk.org/index.php?topic=945881.0

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
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February 11, 2015, 09:07:33 AM
 #26

A major crash in the financial world is inevitable. It´s just a question of when.

Quote
Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.

http://www.mckinsey.com/insights/economic_studies/debt_and_not_much_deleveraging

it is happening now in some country i believe, slowly, but not major, instead it is like cancer, creeping through your body and you wont even know that until years passed by and it started to show its true form
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February 11, 2015, 09:09:58 AM
 #27


This is the number of "real bitcoin" but please consider
how  fractional-reserve can generate inflation:

https://bitcointalk.org/index.php?topic=945881.0

thank you for your article gbianchi
i have read your reeeeeeeeeally good article in fractional reserve...

very interesting...

but the fractional reserve can increase the transaction and the total amount of moved bitcoin,
but not the number of bitcoin who are mined!!!



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February 11, 2015, 09:12:56 AM
 #28

A major crash in the financial world is inevitable. It´s just a question of when.

Quote
Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.

http://www.mckinsey.com/insights/economic_studies/debt_and_not_much_deleveraging

it is happening now in some country i believe, slowly, but not major, instead it is like cancer, creeping through your body and you wont even know that until years passed by and it started to show its true form

Yeah, it´s a gradual thing. The unbelievably manic warmongering we´ve seen especially for the past year is probably a sign that the crack is drawing nearer if you will.

The annual output of the planet is leveraged many times over. And that leverage keeps ballooning. The probability that it´ll end well is probably zero.

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February 11, 2015, 01:37:02 PM
 #29

The collapse is happening, but they are doing everything needed to not cause mas panic, like a demolition man demolishing a building.
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February 11, 2015, 02:11:52 PM
 #30


This is the number of "real bitcoin" but please consider
how  fractional-reserve can generate inflation:

https://bitcointalk.org/index.php?topic=945881.0

thank you for your article gbianchi
i have read your reeeeeeeeeally good article in fractional reserve...

very interesting...

but the fractional reserve can increase the transaction and the total amount of moved bitcoin,
but not the number of bitcoin who are mined!!!




true. "Mined bitcoin" are know number (actually 13.8M) but "bitcoin in curculation"
are inflationed by exchange use of fractional-reserve.

The problem is that bitcoin in circulation make the price !

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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February 11, 2015, 02:18:35 PM
 #31


This is the number of "real bitcoin" but please consider
how  fractional-reserve can generate inflation:

https://bitcointalk.org/index.php?topic=945881.0

thank you for your article gbianchi
i have read your reeeeeeeeeally good article in fractional reserve...

very interesting...

but the fractional reserve can increase the transaction and the total amount of moved bitcoin,
but not the number of bitcoin who are mined!!!




true. "Mined bitcoin" are know number (actually 13.8M) but "bitcoin in curculation"
are inflationed by exchange use of fractional-reserve.

The problem is that bitcoin in circulation make the price !


It won´t be much of a problem if and when some real volume comes in. Then they´ll presumably have to cover. With such a tiny float BTC could move really fast.


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February 11, 2015, 02:25:47 PM
 #32


This is the number of "real bitcoin" but please consider
how  fractional-reserve can generate inflation:

https://bitcointalk.org/index.php?topic=945881.0

thank you for your article gbianchi
i have read your reeeeeeeeeally good article in fractional reserve...

very interesting...

but the fractional reserve can increase the transaction and the total amount of moved bitcoin,
but not the number of bitcoin who are mined!!!




true. "Mined bitcoin" are know number (actually 13.8M) but "bitcoin in curculation"
are inflationed by exchange use of fractional-reserve.

The problem is that bitcoin in circulation make the price !


It won´t be much of a problem if and when some real volume comes in. Then they´ll presumably have to cover. With such a tiny float BTC could move really fast.


sure ? take a look at this

https://en.bitcoin.it/wiki/Category:Exchanges

http://bitcoinity.org/markets/list?currency=ALL&span=30d

more than 140 exchanges, with ALL this trading volume.... really we need this ?


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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February 11, 2015, 02:32:30 PM
Last edit: February 11, 2015, 02:42:37 PM by galdur
 #33

BTC has no volume to speak of. It´s really microscopic.

On a very good 24 hr.period it trades like 1/60th of what for example Facebook stock turns over in a 6.5 hr. session. On the average it´s more like 1/100th.

Compared to FOREX that turns over 5 Trillion dollars in a day, BTC volume is just pocket lint.

P.S. Last 24 hrs.  volume 20,617,800 = 1/150th of Facebook stock turnover in a session. Pocket change.

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February 11, 2015, 02:35:10 PM
 #34

Of course this microscopic volume and almost total lack of any buying interest makes BTC a sitting duck for short sellers and is obviously the main reason why it has been in a free-fall for a year now.

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February 11, 2015, 02:42:12 PM
 #35

Of course this microscopic volume and almost total lack of any buying interest makes BTC a sitting duck for short sellers and is obviously the main reason why it has been in a free-fall for a year now.

if you are right, every "little" or "microscopic" market cannot exist, or if exist it must implode....

And bitcoin market is thin, but has a in a month exchanges handled 20,000,000
of btc, about 4 Billion of dollars, not so "microscopic"

http://bitcoinity.org/markets/list?currency=ALL&span=30d

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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February 11, 2015, 02:47:01 PM
 #36

Of course this microscopic volume and almost total lack of any buying interest makes BTC a sitting duck for short sellers and is obviously the main reason why it has been in a free-fall for a year now.

if you are right, every "little" or "microscopic" market cannot exist, or if exist it must implode....

And bitcoin market is thin, but has a in a month exchanges handled 20,000,000
of btc, about 4 Billion of dollars, not so "microscopic"

http://bitcoinity.org/markets/list?currency=ALL&span=30d

No volume, no buying interest = constantly tanking price.


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February 11, 2015, 02:48:48 PM
 #37

Some data from blockchain show that BTC ecosystem is growing:



This chart shows the growth of the addresses and transactions.
As we see, the growth of the addresses is quite stable,
the transaction is a bit more sluggish,
but has always remained around 30% throughout 2014.

Remember that the y-axis scale is logarithmic !




In this chart I overlay addresses and transactions with prices and some quadratic regressions

quadratic regression of 2014 has strong negative slope .... against the trend
to all other phenomena that are growing significantly

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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February 11, 2015, 03:00:28 PM
 #38

Well, I certainly hope that the bottom from what a month ago was the last bloody one and from now on it will be an upwards march. Like i said, with any meaningful buying volume this thing could move REAL fast. The real float is a few million coins. That´s nothing in say a billion dollars´day.

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February 11, 2015, 04:06:44 PM
 #39

Some data from blockchain show that BTC ecosystem is growing:



This chart shows the growth of the addresses and transactions.
As we see, the growth of the addresses is quite stable,
the transaction is a bit more sluggish,
but has always remained around 30% throughout 2014.

Remember that the y-axis scale is logarithmic !




In this chart I overlay addresses and transactions with prices and some quadratic regressions

quadratic regression of 2014 has strong negative slope .... against the trend
to all other phenomena that are growing significantly

Even after applying logarithmic progression the trend is broken to down, so we better start going up again in the next months, otherwise it will show a global downtrend in all graphics.

Telegram; @bitcointalkaccseller
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February 12, 2015, 09:36:14 AM
 #40

BTC has no volume to speak of. It´s really microscopic.

On a very good 24 hr.period it trades like 1/60th of what for example Facebook stock turns over in a 6.5 hr. session. On the average it´s more like 1/100th.

Compared to FOREX that turns over 5 Trillion dollars in a day, BTC volume is just pocket lint.

P.S. Last 24 hrs.  volume 20,617,800 = 1/150th of Facebook stock turnover in a session. Pocket change.

hi galdur..

i remeber you who forex was born 1971...
and it is an exchange who use currency much more older...

bitcoin it is at the beginning...

and it come out to the big public, just on 2011, and then in 2013 when it reach 1000$

so we have a long road to do

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