Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
robocoin
on 01/02/2013, 23:20:46 UTC


This data doesn't show how much fiat is actually spend on Bitcoin. You can't use this statistic for anything. There were simply a few million less Bitcoins available in 2011...  There are 10,728,725 BTC mined atm and the pseudo market cap is calculated by multiplying it with the current price. So its for the lulz. With money from different exchanges, BTC-OTC and private exchanges you can't really see how much Dollars and Euros are flooding in. We could guess. I guess its less than 200 mio USD.