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.
Topic: Bitcoin has more active hours than the stock market - page 3. (Read 427 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.
Without regulation, no one has a kill switch with which to open and close trading.
There is no doubt that bitcoin is really the modern day stock market, amwith it high adoption within the general public and the ease that comes with trading bitcoin compared to the old traditional stock assets make bitcoin to spread like wild fire among the global stock traders, and this have resulted into bitcoin having more recognition aod popularity compared to the old traditional stock markets.
This is just one aspect and we have several other aspects that make bitcoin much more appealing than the old stock market in terms of activities and coverage within the time.
This is just one aspect and we have several other aspects that make bitcoin much more appealing than the old stock market in terms of activities and coverage within the time.
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.
Jump to: