Ninjastic
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Re: OVER $18 MILLION DOLLARS OUT OF WALLETS IN ONE MONTH!!!
by
T-Y-R
on 03/12/2014, 07:04:02 UTC
Quote from: fewcoins on December 03, 2014, 04:30:46 AM
Quote from: T-Y-R on December 03, 2014, 03:54:26 AM
Quote from: fewcoins on December 03, 2014, 03:13:28 AM

wow lmfao how can you still not get it??? THIS IS ADDING UP ALL THE WALLETS OWNED BY EVERYONE EVERYWHERE!

The movement's from address y to address x will not cause this calculation to move. $18mil is missing from bitcoin economy in total! Meaning address x to USD!!! Meaning it is gone from bitcoin. What is so hard to understand about that??? You are talking about the brackets because you are dumbs as rocks. I am talking about adding all the wallets in existence together, why is that so hard to understand? CEX,IO wallet + mining farms wallets + Tim Draper's wallet + everyone in fucking bitcoin.

There is now $18mil actual dollars less in ALL bitcoin wallets than one month ago.
The top owner went from 1.2% to 1.6% ownership in 1 day. God knows how many other wallets he own's too. Wake up people!!! You will be sorry if you keep buying!!!

WTF are you on about.  There are NO "actual dollars" in any bitcoin wallet.  Wallets have bitcoin balances, NOT dollar balances.

So, since you've managed to include "all" wallets, tell me, how many actual dollars do I have in my wallets?  I have never even touched a dollar bill in my life.

Bitcoin's market cap is sometimes given a USD value, which is affected by two factors only: the amount of bitcoin in existence and the USD/BTC exchange rate.  No movement between wallets affects this market cap, a value which also does not have that much meaning.  The fact that a certain amount of bitcoin was just traded on an exchange at a rate of $382/bitcoin does not necessarily mean that every bitcoin in existance had a sudden shift in value.

Currently, money is flowing INTO the Bitcoin economy.  Money is spent on mining hardware and electricity and VC money is creating new infrastructure and expertise in the Bitcoin economy.

You're an idiot... Money is flowing into bitcoin COMPANIES! Not into buying bitcoin directly. There is a huge difference, no actual dollars are coming into bitcoin, in one month $18mil dollars worth actually left. I am calculating this in dollars because bitcoins can't actually leave or vanish at all but if the value of ALL wallets combined continue to be less when each coin is calculated at the same rate (value) then you can tell holders are selling more and more every month what would that mean to you. The fact that the number 1 bitcoiner went from 1.2% to 1.6% in a day means nothing to you? If owns all those wallets that have 10k btc in them exactly then how centralized is this economy??

This is a fraud. You are all being robbed. Wake up now!


No, I'm not an "idiot" you little cunt.  You're the idiot for actually "calculating" this by using another cunt's web page telling you dollar values of wallets (did you even bother to check how that cunt calculated those) and reversing everything to his starting point that basically included 1. number of coins in circulation and 2. USD/BTC rate.  Just look at market cap, which is what you're trying to get back to in any case.  On top of this you've gone and fucked up your calculations in any case, as market cap did not drop by $18mm during the week in question.