Quote from: Disruptivas on September 21, 2024, 05:29:22 PM

No matter how much I study Bitcoin, there’s always something that amazes me.

Today I discovered something really cool: If we consider the “beginning” of the modern stock market in 1971 – when the US abandoned gold – Bitcoin has been online longer than the stock market.

Since 1971, the stock market has had 10,737 hours of active trading hours.

Bitcoin – 38 years younger – has had 123,774 hours of active trading hours.

What an absolutely interesting idea! How could it carve out space in the financial world as fast as it did? Especially considering a comparison to traditional markets. The number of trading hours shows whence it comes and what real value it brings to investors.

I find it very interesting to look at how this will shape the overall financial future. Fast adoption and innovation in cryptocurrencies tell us that we are in for a huge shift. It is going to be quite interesting to see how traditional markets react to it.

Quote from: joniboini on Today at 12:30:43 AM

How is this data calculated? Is this the global stock market or limited to the US? If this is global data I can see people twist the narrative that the stock market is open 24/7 too.

Anyway, it's not hard to see that in the internet era, the Bitcoin market is always open due to the reasons above. I think it's more interesting if we collect data when the Bitcoin network is down compared to traditional payment services like banks. I bet the result is better to convince people that Bitcoin is the better choice if they're looking for a censorship-resistant payment network. CMIIW.

The information is generally US stock market-based, but of course you're right that with global trading times comes a different view. In the Information Age, the 24/7 availability of Bitcoins sure does make it a standout from traditional markets.

I do agree, as to how that downtime with Bitcoin comparison by the traditional payment services would indeed provide some interesting insights, especially towards those who consider anti-sharing. It really shows how it is a readily available and reliable source of payment. Stories about this continue to evolve. And I'm curious to see how these comparisons will affect people's perceptions in the future.