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Lost Bitcoin: 3.7 million Bitcoin are probably gone forever. You can uncertainty in the article title, it's "probably gone forever".
Exactly, this is crucial because once these Bitcoins are taken out of circulation, they’re no longer part of the available supply. This helps in calculating the realized cap, which is more of a technical metric. For regular investors or traders, though, this might not be essential. What we usually care about is the total supply and how many Bitcoins are left to mine. That’s the kind of data we use to analyze the market and make decisions.Ok, clear, but then people with less knowledge can be mislead by a onadjusted bull-market indicator market.cap/rel. cap. Bitcoin is also behavioural science.
Like has been said by the person upstairs.
You can calculate total number of inactive Bitcoin within a timeframe
But can not calculate the total number of Lost Coin.
Many are holding, some lost could be accessed and while certain portion are really lost either through losing seedPhrase or dying with nobody been aware of the holding.
To calculate realized Cap, you can access data from Glassnodes https://glassnode.com/ about Coins that haven't moved for a long time.
https://studio.glassnode.com/metrics?a=BTC&m=supply.ActiveMore5YPercent
You can calculate total number of inactive Bitcoin within a timeframe
But can not calculate the total number of Lost Coin.
Many are holding, some lost could be accessed and while certain portion are really lost either through losing seedPhrase or dying with nobody been aware of the holding.
To calculate realized Cap, you can access data from Glassnodes https://glassnode.com/ about Coins that haven't moved for a long time.
https://studio.glassnode.com/metrics?a=BTC&m=supply.ActiveMore5YPercent
Thanks for answer.
Realized cap is used as parameter for indicating bull-market. Do you agree that it should be adjusted for lost coins?
Otherwe Rel.Cap is too low, and so Market.cap/Real.cap is too high. It cant be calculated, i agree. but statistical analyses may help.
Many Bitcoins are lost, it's hard to calculate how many.
How is the formula for calculating the lost Bitcoin?
You can estimate lost bitcoins by very long time inactive UTXOs, but it's estimation and it's not accurate number for actual lost bitcoin. Inactive Bitcoin UTXOs many years ago can turn to be active and these coins are not lost bitcoins.How is the formula for calculating the lost Bitcoin?
You can use HOLD waves and make your estimation.
https://www.bitcoinmagazinepro.com/charts/hodl-waves/
Lost Bitcoin: 3.7 million Bitcoin are probably gone forever. You can uncertainty in the article title, it's "probably gone forever".
Thank you, very interesting stuff: the hodl-waves, i agree it seems an estimated guess. In every wave-layer there must be a fraction of lost coins, but in older waves the fraction should increase, because of time en e.g. innovation in storage and increasing value of bitcoin. However the function of the wave >10y is constantly increasing in time(if you turn the wave), this pattern is different for ALL the other waves.
I suggest the wave >10y is significant different, maybe statistical analyses of the waves can determine the lost fraction with a high probability, Thanks again for advice, i will look at it.
Question:
Realized cap is an important indicator for evaluating market price.
Many Biitcoins have naver moved on chain.
Is there a realized cap availabble for Bitcoins that have moved >= 1 time?
Many Bitcoins are lost, it's hard to calculate how many.
How is the formula for calculating the lost Bitcoin?
Realized cap is an important indicator for evaluating market price.
Many Biitcoins have naver moved on chain.
Is there a realized cap availabble for Bitcoins that have moved >= 1 time?
Many Bitcoins are lost, it's hard to calculate how many.
How is the formula for calculating the lost Bitcoin?
Goldman Sachs: Bitcoin can be useful for a troubled economy
According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.
Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.
Goldman Sachs experts: crypto-currencies can help the troubled economy
According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.
Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.
Goldman Sachs experts: crypto-currencies can help the troubled economy
I understand this article, but one remark: Bitcoin can help people in a troubled economy, it doesnt help the troubled economy at all.
Re: Arbitrage: have you ever tried and how much have you earned so far?
arbitrage needs professional judgement and continuity, most individuals are not very succesful, like me. Because of transactian fees you have to beat the market, otherwise tge expectation would be neutral.
Recently i went to the hospital to check see the doctor and i was told the doctor to attend to me will be back soon, while waiting, he came in and from the look of things he had gone to smoke, it got me thinking, can it be that they are telling us not to do this and that and if you follow them you wont eat anything because everything is bad to health, no drinking of alcohol, smoking of any kind and the list is endless, why would a doctor now turned around and go smoking?
People lie, doctors are people.
Re: If the government supports bitcoin instead of the existing currency.
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
Government wants to control money-supply, inflation is just a small price to pay, it wont happen.
A clarifying note: These charts show the monetary (supply) inflation of Bitcoin. They bear no relation to price inflation, which is an entirely distinct phenomenon. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation.
Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.
Bitcoin Inflation 4x3.pdf (8"×6") | Bitcoin Inflation.pdf (8½"×11")
Bitcoin Inflation logarithmic.pdf (8"×6")
Permission given to use and reproduce freely.
Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.
Bitcoin Inflation 4x3.pdf (8"×6") | Bitcoin Inflation.pdf (8½"×11")
Bitcoin Inflation logarithmic.pdf (8"×6")
Permission given to use and reproduce freely.
More market participants are frightened and repelled by the next news about serious problems with security in the blockchain sector. So, recently it became known that the personal data of the clients of the world's largest crypto exchanges Poloniex, Binance, Bittrex and Bitfinex, which in the spring of 2018 collected a full package of information about their customers as part of the Know Your Customer (KYC) mode, are sold on the darknet. At the moment, the situation is reminiscent of Westerns with bank robberies, only now they are stealing not only the money itself, but also the data about their owners. It is not surprising that big business is waiting only for guaranteed centralized solutions for the purchase and storage of digital assets.
Sounds scary, is this a fact?
Gold had always been a reliable asset. But today people are more demanding, gold gas too many limitations, I think Bitcoin Will have a growing share as virtual gold. In future gold will decrease as safehouse.
Recent publications show that bitcoin had many hodlers, maybe is nog realistic to consider bitcoin as a potential leiding currency. It is more realistic to say that bitcoin will be the virtual gold.
in order to exchange one cryptocurrency with another one you need to find someone else to do the exchange with.
- usually people use platforms such as exchanges to find that someone else to do the trade the easiest way.
- you can always find someone on other more peer to peer platforms like forums, other social media and do the trade but at a higher and different kind of risk. which is where escrows come in. you can also use multi signature features for this.
- and finally the newest and most awesome way is to use Atomic Swap. it is a form of smart contract between two peers completely decentralized and without needing any kind of weird platform or anything like that. it is just a side channel. here is the concept:
both bitcoin and bitcoin cash are capable of doing this.
unfortunately i don't have more information that this to share but you can read more here:
https://news.bitcoin.com/this-developer-is-bringing-atomic-swaps-to-the-bitcoin-cash-network/
https://github.com/decred/atomicswap/pull/37
- usually people use platforms such as exchanges to find that someone else to do the trade the easiest way.
- you can always find someone on other more peer to peer platforms like forums, other social media and do the trade but at a higher and different kind of risk. which is where escrows come in. you can also use multi signature features for this.
- and finally the newest and most awesome way is to use Atomic Swap. it is a form of smart contract between two peers completely decentralized and without needing any kind of weird platform or anything like that. it is just a side channel. here is the concept:
both bitcoin and bitcoin cash are capable of doing this.
unfortunately i don't have more information that this to share but you can read more here:
https://news.bitcoin.com/this-developer-is-bringing-atomic-swaps-to-the-bitcoin-cash-network/
https://github.com/decred/atomicswap/pull/37
Thank you, this is very interesting. I have still questions about security, but I will study first.
Seriously for a Jr. Member you don't know how to change altcoins?
You need to sell something to earn some Bitcoin with trading (It's Logic Bro.) But, if you can find a buyer directly and buy his/her Altcoin to btc or Btc to altcoin. But, trading peer to peer is really risky you need to get some trusted escrow services for added security for the both of you.
You need to sell something to earn some Bitcoin with trading (It's Logic Bro.) But, if you can find a buyer directly and buy his/her Altcoin to btc or Btc to altcoin. But, trading peer to peer is really risky you need to get some trusted escrow services for added security for the both of you.
Of course, I know that, let me explain:
1. When I sell BCC there is delay before I get my money, I want get my money before I buy BTC. So transaction takes long time (hours, even a day!).
2. Delay means risk, because of time.
3. Buying and selling means two times transaction fee's.
4. Selling BCC in Euro/Dollar is (as far as I know) limited to a max of 2.500 par example, I don't like that because it'takes too much time.
So my question remains is it possible to exchange BCC in BTC directly, without peer to peer?