I am a miner in the cryptocurrency universe since late I have discovered steemit lately so i would like to share a thought regarding the BTC price, so i can get your feedback on the matter. A gentle reminder on how market capacity is calculated:. The main problem i see with the bitcoin price, is that it uses the Bitcoin rigged updated Supply which is based on the Bitcoin algorithm that will generate bitcoins until it gets to BTC units.
One of the most famous story is the one from that guy throwing his former laptop with 4 millions pounds worth of BTC on it: It sounds like a worst case scenario, but i don't think it is. New cryptocurrencies are not that much impacted with 'destroyed coins' but stories of lost coins are still a thing, like Quadriga that sent ETH into a black hole lately [Reddit].
The new circulating supply would be: The price of a bitcoin rigged updated bitcoin is underpriced, because there are less BTC in circulation than thought:. All those calculations were based on cryptomarketcap. I think you are not very far off. I would assume it would only get worse as time went on too.
Today is not the last day someone, somehow, will lose BTC. Upvoted and welcome to the platform! Does that mean that one day in the future if we use the same rate of loss as we currently estimate, most bitcoin will be lost forever? You could forget to backup them or lost them without a second thought, not a big deal The bitcoin "issue" is that most of the actual circulating BTC were generated in the early years, and during those years, people were not cautious about something that was worthless.
This is so true, and one of the reasons I have such faith in bitcoin and have no problems with 4k or bitcoin rigged updated 5k bitcoin in shorter perspective. You have completed some achievement on Steemit bitcoin rigged updated have been rewarded with new badge s:. Award for the number of upvotes received. Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click bitcoin rigged updated. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. Thanks for bringing this to our attention. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. Does anyone know about: Sorted by team, product, company, advisors, previous bitcoin rigged updated, etc.
Hi, I am a miner in the cryptocurrency bitcoin rigged updated since late A gentle reminder on how market capacity is calculated: Bitcoin Circulating Supply The main problem i see with the bitcoin price, is that it uses the Circulating Supply which is based on the Bitcoin algorithm that will generate bitcoins until it gets to BTC units.
BTC is underpriced The price of a single bitcoin is underpriced, because there are less BTC in circulation than thought: The price of a single BTC should be between: Authors get paid when bitcoin rigged updated like you upvote their post. You have completed some achievement on Steemit and have been rewarded with new badge s: Award for the number of upvotes received Click on any badge to view bitcoin rigged updated own Board of Honnor on SteemitBoard. For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.
With volumes tracked by Bitcoinity. Manual traders tend to make just the right trades, hence paying the fees less often. There are only 38 users willing to buy only 18 of them have logged into localbitcoins in the last 7 days.
Two detained in Thessaloniki over illegal artifacts.