Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aliro38
on 15/12/2014, 16:49:31 UTC
Think again: 13,6 mil (bitcoins in circulation already) multiplied by 24650USD (25000/target price -350/actual price)
Don't forget to add 3600 fresh btc/day (from mining) multiplied by 200...350days

So all 13.6 million bitcoins are traded daily on the exchange?

Did I say or imply that somewhere?!


Yes, it was implied in this equation:
13,6 mil (bitcoins in circulation already) multiplied by 24650USD (25000/target price -350/actual price)



He doesn't get it still, crazy !!


I don't get it?!
That's marketcap. Nothing more, nothing less. 
See here: http://www.investopedia.com/articles/basics/03/031703.asp or here http://en.wikipedia.org/wiki/Market_capitalization if you're not familiar with it.

Edited to fully respond to the above:  Sorry, but it was simply not implied anywhere that "all 13.6 million bitcoins are traded daily on the exchange".