You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this?
...
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
...
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
Since everyone here seems to be misunderstanding what you're trying to explain, try showing your calculations and backup your claim with specific figures.
btw; the richest bitcoin address didn't just go from 1.2% to 1.6%, it was a new address that received the 1.6% on the same day of its creation. If you follow the transaction that funded that address, you'll find that the funds almost assuredly belong to Bitstamp. The same bitcoin was moved about 1 year ago with Bitstamp claiming it to have been an audit.
It keeps moving wallets but it is the same owners... Imagine how many other 10K BTC wallets they have! There's plenty of them just look. I showed my calculation & exact figures with the picture from one month ago. Why does nobody do their own research or due diligence? This is sad.
The wallet belongs to the world's biggest bitcoin exchange, not one person but hundreds of thousands.
Wow really? You have proof of that??? Like the way you know all the 10K BTC wallets are different people right? LMFAO! Nice joke.
And the short selling has begun...
New ATH of Bitcoin transactions, much more important than youre junk opinions and current price.
https://i.imgur.com/Sp0R6NE.png
Great! Less people (less wallets) doing more transactions! WOW! Not to mention they're mostly bullshit faucet, gambling and pay per click transactions.
Bitcoin technology will be used in other technologies that cost way less to produce! Technology always evolves and new companies take ideas and run with them! Bitcoin has no protection or capital or CEO or anything to respond to these major threats! They can FORK anything they want but it doesn't change the flawed mining that is needed to run this sytem! This is serious! Many calculations have been done to prove this is not sustainable! Wake up people!!