Is that supposed to be surprising or fascinating? I don't find anything special in Bitcoin having more trading hours than any stock market because they have a lot of differences and the main reason that marks this difference is the fact that Bitcoin is a digital currency, and it doesn't have hours off unlike stock markets of any country where there are hours when the market is closed and re-opens the other day, there are even holidays and stuff where the stock markets are closed. So obviously, something that goes off and on each day or week can't be compared with something that stays online 24/7, 365 days a year.
The only thing that shows the significance of Bitcoin in this comparison is that there are absolutely no restrictions or delays in it. You buy it whenever you want, and you sell it back whenever you want as well. There is no time when you can't trade Bitcoin which makes it easier than stocks market because if you buy a stock, the market gets closed, it loses value in those hours, you will be at a loss because you couldn't sell when you needed to. The same can be said for profits that you may miss because of closed hours.
Edit: @OP, please correct the number of hours in your post for the stocks market which is "100,737" and you have written "10,737".
Topic: Bitcoin has more active hours than the stock market - page 2. (Read 461 times)
Bitcoin is unregulated and has been online almost every second since its launch. The stock market is regulated and besides the scheduled weekend closures and holiday closures there are other events that requires the markets to be closed. A suspected run on stocks can result in a closure too.
Without regulation, no one has a kill switch with which to open and close trading.
Suspending a stock for some reason is a thing, closing down the whole stock market for 2 days (the weekend) is another. And, to be honest, I've been wondering for quite a while if in this era it still makes sense closing the stock market for the weekend or the night. And the same goes with bank transfers, it's ridiculous that banks don't process automated transactions during the weekends and/or holidays. I think that at this point thinks should be more automated, it's 2024, not 1980.Without regulation, no one has a kill switch with which to open and close trading.
They won't process huge amounts instantly cause this is trust based system so they want to make sure everything is right. Sure automation can be implemented but the people in the banking system will be the one who will be affected most so they are controlling the economic system too so they don't wanna do anything that can do harm to them but still CBDC is working in progress in most countries.
Bitcoin should be seen as mode of payment not just an asset and it's not a company to make comparisons with stock exchange working hours.
Bitcoin is unregulated and has been online almost every second since its launch. The stock market is regulated and besides the scheduled weekend closures and holiday closures there are other events that requires the markets to be closed. A suspected run on stocks can result in a closure too.
Without regulation, no one has a kill switch with which to open and close trading.
Suspending a stock for some reason is a thing, closing down the whole stock market for 2 days (the weekend) is another. And, to be honest, I've been wondering for quite a while if in this era it still makes sense closing the stock market for the weekend or the night. And the same goes with bank transfers, it's ridiculous that banks don't process automated transactions during the weekends and/or holidays. I think that at this point thinks should be more automated, it's 2024, not 1980. Without regulation, no one has a kill switch with which to open and close trading.
It is a cool but weird comparison because bitcoin is a currency not a stock and to compare it with only one stock market in only one country is limiting this global currency. You could of course compare it with the Forex market which is open 24/7 like the bitcoin market in which case bitcoin doesn't have nearly enough active hours...
Comparison only makes sense if it is between two things in a same market with same regulations and in a same period. Now if a comparison is between two different markets, it must be in a same period to make a little bit sense.Because in different periods, many things are different like if there are catastrophes, earthquakes, tsunamis, wars, people will no longer be able to access Internet and be actively on any market. Comparing two different markets is bad and comparing them in two different periods is worse, and make the comparison has very little validity and accuracy.
It is a cool but weird comparison because bitcoin is a currency not a stock and to compare it with only one stock market in only one country is limiting this global currency. You could of course compare it with the Forex market which is open 24/7 like the bitcoin market in which case bitcoin doesn't have nearly enough active hours...
However, having longer active trading hours doesn't mean Bitcoin is mature than stock.
It's a cool statistic, but it's mean nothing.
While Bitcoin, you need to learn by yourself from watching Youtube, read article or ask other people in online. It's quite rare to find a physical building of centralized exchange.
It's a cool statistic, but it's mean nothing.
This is what happened when the news spreads that fast as Bitcoin is bringing high profit comparing to BS stock market , in crypto trading you can earn as high as you cannot imagine that you can earn in stock trading.
Because it's all full of rules, stock exchange control the maximum gain and maximum loss in a day. You can't earn 10% or loss 10% in a day.I don't think so, stock investing is not difficult and not too complicated to implement for beginners. Today, anyone with a bank account can participate in stock investment directly through the bank's application.
Yep, even you can ask stock exchange's employee to create an account for you, they will help you to open it.While Bitcoin, you need to learn by yourself from watching Youtube, read article or ask other people in online. It's quite rare to find a physical building of centralized exchange.
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.
This is what happened when the news spreads that fast as Bitcoin is bringing high profit comparing to BS stock market , in crypto trading you can earn as high as you cannot imagine that you can earn in stock trading.Bitcoin – 38 years younger – has had 123,774 hours of active trading hours.
am not to brag anything but this is proven for how long now about bitcoin making people rich than stocks .
Others are asking relevant questions on how it's calculated. First of all, Bitcoin market is not an official single market and it doesn't close, so I guess it's just considered open 24/7. As for the stock market, it's an important point that it's only the US stock market, not world stock market, and I also think the calculation difference is probably because the stock market does open and close, it's not open 24/7 and not even open every day. So yes, it's possible that Bitcoin market surpassed the US stock market by some calculations, and it's still interesting trivia if true, but that doesn't signify the importance or significance of Bitcoin because it's based more on a technicality and on Bitcoin (not just in the US) vs only the US stock market.
I don't think so, stock investing is not difficult and not too complicated to implement for beginners. Today, anyone with a bank account can participate in stock investment directly through the bank's application. Everything is almost very convenient and simple but many people do not like to invest in stocks because it does not have the stories of x100, x1000 profits like bitcoin and cryptocurrencies that are being spread. Nowadays people love to invest in cryptocurrencies because most of them want to get rich quick, want to earn huge profits from their little money. Meanwhile, that is almost impossible to do with the stock market.
Of course, which direction is more interesting or not, besides the impact of the interest rate cut a few days ago also made many big money owners change their choices to more interesting and profitable investments and of course it has a risk value such as in crypto and especially BTC where previously many entered stocks or bonds and participated in investing in government projects. But, is there any discourse on adding another decrease from Feed, it will be very interesting to follow further developments. What is certain is that the market is starting to improve and the price of BTC is starting to get excited again.
The stock market is difficult to implement for beginners. I used very interested in playing stocks long time ago, but I don't know how to start or where I have put my money.
In 2009, I tried to go to the bank just to asking how to trade on the stock, valas, obligations, and anything investment instrument, but their answers were convoluted, they told me to take care all document I need to implemented. I must go to police station, Manpower Department, and etc to take care of all documents , so that case I cancel my intention to trading stock.
It's different when I know bitcoin, and how easy crypto trade, I just proof ID card only and can trade directly in an hour. So with this situation, I'm not surprised if bitcoin are more active trading hours than stock. Beside 24/7, beginner who interesting for trading no hassle of all unimportant documents like invest on stock.
In 2009, I tried to go to the bank just to asking how to trade on the stock, valas, obligations, and anything investment instrument, but their answers were convoluted, they told me to take care all document I need to implemented. I must go to police station, Manpower Department, and etc to take care of all documents , so that case I cancel my intention to trading stock.
It's different when I know bitcoin, and how easy crypto trade, I just proof ID card only and can trade directly in an hour. So with this situation, I'm not surprised if bitcoin are more active trading hours than stock. Beside 24/7, beginner who interesting for trading no hassle of all unimportant documents like invest on stock.
I don't think so, stock investing is not difficult and not too complicated to implement for beginners. Today, anyone with a bank account can participate in stock investment directly through the bank's application. Everything is almost very convenient and simple but many people do not like to invest in stocks because it does not have the stories of x100, x1000 profits like bitcoin and cryptocurrencies that are being spread. Nowadays people love to invest in cryptocurrencies because most of them want to get rich quick, want to earn huge profits from their little money. Meanwhile, that is almost impossible to do with the stock market.
Also, the difference is that the Internet and technology have evolved a lot in recent years, whereas 10 years ago, people didn't even know what a smartphone or the Internet was, let alone investing online.
Bitcoin has attracted the attention of young people thanks to the development of the internet, social networks and stories of getting rich quick.
Bitcoin is unregulated and has been online almost every second since its launch. The stock market is regulated and besides the scheduled weekend closures and holiday closures there are other events that requires the markets to be closed. A suspected run on stocks can result in a closure too.
Without regulation, no one has a kill switch with which to open and close trading.
Without regulation, no one has a kill switch with which to open and close trading.
Moreover stock market is there for centuires:
"The modern stock market originated in the late 1700s and early 1800s. Although rudimentary markets for trading stocks and bonds emerged in Amsterdam in the 1600s, the first major stock exchanges were established in London (1773) and New York(1792)."www.strike.money
Both Bitcoin and Stock market are different things, as later is tightly controlled by central bodies while former one has no controlling body.
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.
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.
Wow.
At first I was thinking good god no shit it has more hours , it’s a 24/7 exchanged traded asset, the stock market is not. But then thankfully my assumption was wrong lol. This is actually really fascinating. I mean both are such a big part of my life and things I advocate for greatly, but I never woulda thought we had already hit that mark. Says something yall, love it
The stock market is difficult to implement for beginners. I used very interested in playing stocks long time ago, but I don't know how to start or where I have put my money.
In 2009, I tried to go to the bank just to asking how to trade on the stock, valas, obligations, and anything investment instrument, but their answers were convoluted, they told me to take care all document I need to implemented. I must go to police station, Manpower Department, and etc to take care of all documents , so that case I cancel my intention to trading stock.
It's different when I know bitcoin, and how easy crypto trade, I just proof ID card only and can trade directly in an hour. So with this situation, I'm not surprised if bitcoin are more active trading hours than stock. Beside 24/7, beginner who interesting for trading no hassle of all unimportant documents like invest on stock.
In 2009, I tried to go to the bank just to asking how to trade on the stock, valas, obligations, and anything investment instrument, but their answers were convoluted, they told me to take care all document I need to implemented. I must go to police station, Manpower Department, and etc to take care of all documents , so that case I cancel my intention to trading stock.
It's different when I know bitcoin, and how easy crypto trade, I just proof ID card only and can trade directly in an hour. So with this situation, I'm not surprised if bitcoin are more active trading hours than stock. Beside 24/7, beginner who interesting for trading no hassle of all unimportant documents like invest on stock.
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.
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.
It is true, but by making this comparison, it puts Bitcoin in the category of a security for trading. A better comparison would be, comparing the total hours of USD currency trading (24 hours per day), to Bitcoin, which is the same. They are both currencies, and so it's important to make the same comparison.
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.
The point is that there is no ONE stock market. You can compare it with the one you want. If you compare it to the NYSE which would be typical it will give you that and if you compare it to another country's, the same thing. What you can't do is say that the stock market is open 24/7/365 because what is open at that time are different stock markets.
I have stocks and mutual funds that I can't trade when the US markets are not open, although I can trade in other stock markets but bitcoin I can buy and sell at any time.
that's the perks of being all digital with no holiday unlike stock market.
honestly, it's time for the stock market to up their game and open 24/7, the technology can fulfill that, and I think the regulation can also follow, the exchange of information is happening 24/7 so why stock market can't do that?
adopt the technology of blockchain if needed, I'm sure there will be bigger flows of capital if stock can replicate BTC availability.
honestly, it's time for the stock market to up their game and open 24/7, the technology can fulfill that, and I think the regulation can also follow, the exchange of information is happening 24/7 so why stock market can't do that?
adopt the technology of blockchain if needed, I'm sure there will be bigger flows of capital if stock can replicate BTC availability.
That’s a given since Bitcoin exchanges operate 24/7, unlike stock exchanges, which have set hours. Take the Philippine Stock Exchange (PSE) for example, it doesn’t run 24 hours and is only open Monday to Friday, excluding public holidays.
I am sorry but where do you get this information which I doubt to be correct.
You want to compare active trading hours of Stock market and Bitcoin market but not within a same period. With stock market, it is since 1970s and with Bitcoin market, it is since late 2009. The Bitcoin genesis block is in January 2009 but it takes some months before there are exchanges for Bitcoin to have active trading.
First Bitcoin exchange: New Liberty Standard was active in October 2009.
Bitcoin market is 24/7 and all days each year but because there are about 40 years in difference, I really doubt that total active trading hours of Bitcoin market since 2010 is more than total active trading hours of stock market since 1970s.
https://bitcoin.zorinaq.com/price/
You want to compare active trading hours of Stock market and Bitcoin market but not within a same period. With stock market, it is since 1970s and with Bitcoin market, it is since late 2009. The Bitcoin genesis block is in January 2009 but it takes some months before there are exchanges for Bitcoin to have active trading.
First Bitcoin exchange: New Liberty Standard was active in October 2009.
Bitcoin market is 24/7 and all days each year but because there are about 40 years in difference, I really doubt that total active trading hours of Bitcoin market since 2010 is more than total active trading hours of stock market since 1970s.
https://bitcoin.zorinaq.com/price/
Quote
On 2009-10-05 the market price of Bitcoin is first established at $0.000764/BTC by New Liberty Standard, the first Bitcoin exchange ($1.00 buys 1309.03 BTC.) The exchange rate history is available at two archived pages: first, second. Their last known exchange rate is $0.005472/BTC on 2010-03-02.
Quote
Mid-Market Exchange Rate History
$1.00 USD = 1,578.77 BTC 12/28/2009
$1.00 USD = 1,578.77 BTC 12/27/2009
$1.00 USD = 1,578.77 BTC 12/26/2009
$1.00 USD = 1,578.77 BTC 12/25/2009
$1.00 USD = 1,578.77 BTC 12/24/2009
$1.00 USD = 1,578.77 BTC 12/23/2009
$1.00 USD = 1,578.77 BTC 12/22/2009
$1.00 USD = 1,594.63 BTC 12/21/2009
$1.00 USD = 1,594.63 BTC 12/20/2009
$1.00 USD = 1,586.70 BTC 12/19/2009
$1.00 USD = 1,622.40 BTC 12/18/2009
$1.00 USD = 1,630.33 BTC 12/17/2009
$1.00 USD = 1,606.53 BTC 12/16/2009
$1.00 USD = 1,626.37 BTC 12/15/2009
$1.00 USD = 1,626.37 BTC 12/14/2009
$1.00 USD = 1,618.43 BTC 12/13/2009
$1.00 USD = 1,562.90 BTC 12/12/2009
$1.00 USD = 1,503.40 BTC 12/11/2009
$1.00 USD = 1,491.50 BTC 12/10/2009
$1.00 USD = 1,455.80 BTC 12/09/2009
$1.00 USD = 1,428.03 BTC 12/08/2009
$1.00 USD = 1,392.33 BTC 12/07/2009
$1.00 USD = 1,364.56 BTC 12/06/2009
$1.00 USD = 1,336.80 BTC 12/05/2009
$1.00 USD = 1,340.76 BTC 12/04/2009
$1.00 USD = 1,297.13 BTC 12/03/2009
$1.00 USD = 1,257.46 BTC 12/02/2009
$1.00 USD = 1,233.66 BTC 12/01/2009
$1.00 USD = 1,213.83 BTC 11/30/2009
$1.00 USD = 1,205.89 BTC 11/29/2009
$1.00 USD = 1,178.13 BTC 11/28/2009
$1.00 USD = 1,162.26 BTC 11/27/2009
$1.00 USD = 1,114.66 BTC 11/26/2009
$1.00 USD = 1,110.69 BTC 11/25/2009
$1.00 USD = 1,078.96 BTC 11/24/2009
$1.00 USD = 999.62 BTC 11/23/2009
$1.00 USD = 944.09 BTC 11/22/2009
$1.00 USD = 940.12 BTC 11/21/2009
$1.00 USD = 928.22 BTC 11/20/2009
$1.00 USD = 932.19 BTC 11/19/2009
$1.00 USD = 904.42 BTC 11/18/2009
$1.00 USD = 848.89 BTC 11/17/2009
$1.00 USD = 840.96 BTC 11/16/2009
$1.00 USD = 809.22 BTC 11/15/2009
$1.00 USD = 777.49 BTC 11/14/2009
$1.00 USD = 737.82 BTC 11/13/2009
$1.00 USD = 745.75 BTC 11/12/2009
$1.00 USD = 769.55 BTC 11/11/2009
$1.00 USD = 809.22 BTC 11/10/2009
$1.00 USD = 793.35 BTC 11/09/2009
$1.00 USD = 793.35 BTC 11/08/2009
$1.00 USD = 781.45 BTC 11/07/2009
$1.00 USD = 777.49 BTC 11/06/2009
$1.00 USD = 765.59 BTC 11/05/2009
$1.00 USD = 765.59 BTC 11/04/2009
$1.00 USD = 785.42 BTC 11/03/2009
$1.00 USD = 796.09 BTC 11/02/2009
$1.00 USD = 820.27 BTC 11/01/2009
$1.00 USD = 802.17 BTC 10/31/2009
$1.00 USD = 796.41 BTC 10/30/2009
$1.00 USD = 790.17 BTC 10/29/2009
$1.00 USD = 778.48 BTC 10/28/2009
$1.00 USD = 791.63 BTC 10/27/2009
$1.00 USD = 789.75 BTC 10/26/2009
$1.00 USD = 776.35 BTC 10/25/2009
$1.00 USD = 785.42 BTC 10/24/2009
$1.00 USD = 795.44 BTC 10/23/2009
$1.00 USD = 819.80 BTC 10/22/2009
$1.00 USD = 826.02 BTC 10/21/2009
$1.00 USD = 810.71 BTC 10/20/2009
$1.00 USD = 801.29 BTC 10/19/2009
$1.00 USD = 816.02 BTC 10/18/2009
$1.00 USD = 805.56 BTC 10/17/2009
$1.00 USD = 803.27 BTC 10/16/2009
$1.00 USD = 854.66 BTC 10/15/2009
$1.00 USD = 880.62 BTC 10/14/2009
$1.00 USD = 885.91 BTC 10/13/2009
$1.00 USD = 907.40 BTC 10/12/2009
$1.00 USD = 867.02 BTC 10/11/2009
$1.00 USD = 892.52 BTC 10/10/2009
$1.00 USD = 833.02 BTC 10/09/2009
$1.00 USD = 922.27 BTC 10/08/2009
$1.00 USD = 952.02 BTC 10/07/2009
$1.00 USD = 1,130.53 BTC 10/06/2009
$1.00 USD = 1,309.03 BTC 10/05/2009
$1.00 USD = 1,578.77 BTC 12/28/2009
$1.00 USD = 1,578.77 BTC 12/27/2009
$1.00 USD = 1,578.77 BTC 12/26/2009
$1.00 USD = 1,578.77 BTC 12/25/2009
$1.00 USD = 1,578.77 BTC 12/24/2009
$1.00 USD = 1,578.77 BTC 12/23/2009
$1.00 USD = 1,578.77 BTC 12/22/2009
$1.00 USD = 1,594.63 BTC 12/21/2009
$1.00 USD = 1,594.63 BTC 12/20/2009
$1.00 USD = 1,586.70 BTC 12/19/2009
$1.00 USD = 1,622.40 BTC 12/18/2009
$1.00 USD = 1,630.33 BTC 12/17/2009
$1.00 USD = 1,606.53 BTC 12/16/2009
$1.00 USD = 1,626.37 BTC 12/15/2009
$1.00 USD = 1,626.37 BTC 12/14/2009
$1.00 USD = 1,618.43 BTC 12/13/2009
$1.00 USD = 1,562.90 BTC 12/12/2009
$1.00 USD = 1,503.40 BTC 12/11/2009
$1.00 USD = 1,491.50 BTC 12/10/2009
$1.00 USD = 1,455.80 BTC 12/09/2009
$1.00 USD = 1,428.03 BTC 12/08/2009
$1.00 USD = 1,392.33 BTC 12/07/2009
$1.00 USD = 1,364.56 BTC 12/06/2009
$1.00 USD = 1,336.80 BTC 12/05/2009
$1.00 USD = 1,340.76 BTC 12/04/2009
$1.00 USD = 1,297.13 BTC 12/03/2009
$1.00 USD = 1,257.46 BTC 12/02/2009
$1.00 USD = 1,233.66 BTC 12/01/2009
$1.00 USD = 1,213.83 BTC 11/30/2009
$1.00 USD = 1,205.89 BTC 11/29/2009
$1.00 USD = 1,178.13 BTC 11/28/2009
$1.00 USD = 1,162.26 BTC 11/27/2009
$1.00 USD = 1,114.66 BTC 11/26/2009
$1.00 USD = 1,110.69 BTC 11/25/2009
$1.00 USD = 1,078.96 BTC 11/24/2009
$1.00 USD = 999.62 BTC 11/23/2009
$1.00 USD = 944.09 BTC 11/22/2009
$1.00 USD = 940.12 BTC 11/21/2009
$1.00 USD = 928.22 BTC 11/20/2009
$1.00 USD = 932.19 BTC 11/19/2009
$1.00 USD = 904.42 BTC 11/18/2009
$1.00 USD = 848.89 BTC 11/17/2009
$1.00 USD = 840.96 BTC 11/16/2009
$1.00 USD = 809.22 BTC 11/15/2009
$1.00 USD = 777.49 BTC 11/14/2009
$1.00 USD = 737.82 BTC 11/13/2009
$1.00 USD = 745.75 BTC 11/12/2009
$1.00 USD = 769.55 BTC 11/11/2009
$1.00 USD = 809.22 BTC 11/10/2009
$1.00 USD = 793.35 BTC 11/09/2009
$1.00 USD = 793.35 BTC 11/08/2009
$1.00 USD = 781.45 BTC 11/07/2009
$1.00 USD = 777.49 BTC 11/06/2009
$1.00 USD = 765.59 BTC 11/05/2009
$1.00 USD = 765.59 BTC 11/04/2009
$1.00 USD = 785.42 BTC 11/03/2009
$1.00 USD = 796.09 BTC 11/02/2009
$1.00 USD = 820.27 BTC 11/01/2009
$1.00 USD = 802.17 BTC 10/31/2009
$1.00 USD = 796.41 BTC 10/30/2009
$1.00 USD = 790.17 BTC 10/29/2009
$1.00 USD = 778.48 BTC 10/28/2009
$1.00 USD = 791.63 BTC 10/27/2009
$1.00 USD = 789.75 BTC 10/26/2009
$1.00 USD = 776.35 BTC 10/25/2009
$1.00 USD = 785.42 BTC 10/24/2009
$1.00 USD = 795.44 BTC 10/23/2009
$1.00 USD = 819.80 BTC 10/22/2009
$1.00 USD = 826.02 BTC 10/21/2009
$1.00 USD = 810.71 BTC 10/20/2009
$1.00 USD = 801.29 BTC 10/19/2009
$1.00 USD = 816.02 BTC 10/18/2009
$1.00 USD = 805.56 BTC 10/17/2009
$1.00 USD = 803.27 BTC 10/16/2009
$1.00 USD = 854.66 BTC 10/15/2009
$1.00 USD = 880.62 BTC 10/14/2009
$1.00 USD = 885.91 BTC 10/13/2009
$1.00 USD = 907.40 BTC 10/12/2009
$1.00 USD = 867.02 BTC 10/11/2009
$1.00 USD = 892.52 BTC 10/10/2009
$1.00 USD = 833.02 BTC 10/09/2009
$1.00 USD = 922.27 BTC 10/08/2009
$1.00 USD = 952.02 BTC 10/07/2009
$1.00 USD = 1,130.53 BTC 10/06/2009
$1.00 USD = 1,309.03 BTC 10/05/2009
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.
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.
Hard to believe it really that that is a fact and that Bitcoin is now sush a first class asset. Bitcoin has surely gone 24/7 and will continue to as other markets are catching on.
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.
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.
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.
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.
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