Whatever i see in the exchange site, that is only the idea i have and doesn't have any idea how much is the total Bitcoin that is truly exist inn the world.
Topic: How many BTC is in circulation? (Read 435 times)
I don't think there is exact figure but some onchain analyst gave a figure above 18 million bitcoin in circulation. 12million bitcoin is said to be unmoved in the last 1 year, we may not consider those that were lost, 1 million token with satoshi . Halving indicate how small coin we are expecting from .
The total market supply of Bitcoin is 21 million and the current supply is 19 millionaire remaining about 2 million Bitcoin to be mined. It will take about 5 more years before all the Bitcoin will be mined. There is one question I keep asking myself about Bitcoin which I've been pondering about. What will happens to Bitcoin when the total supply is mined? Will it affect the price of Bitcoin? A lots of persons had asked the same question and we are not still cleared.
You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.
But yes if people are careless in backing up their funds with security then supply will initially reduce as there will be very few mined and it will take another century to mine the remaining 2 million coins approximately.
What it does is that the fear of that person selling is gone now, that's it, and that fear may cause some people to invest more clearly and trust it more, but that amount wouldn't be too much so it won't change the price all that much.
You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.
But yes if people are careless in backing up their funds with security then supply will initially reduce as there will be very few mined and it will take another century to mine the remaining 2 million coins approximately.But as said by the man who made it possible:
Quote
Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”
— Satoshi Nakamoto
— Satoshi Nakamoto
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
I have no idea how many bitcoin is circulating in the market and how may bitcoin are there in the different wallet. What is most important for me is how will i get more money and buy more bitcoin.
Yes it's true guys, we never know about how much and how little bitcoin is currently circulating in any market.
Because what we need to know now is how to generate bitcoin energy so that he can get back up to go up to the moon because many people have dreamed of bitcoin prices going higher again.
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
I have no idea how many bitcoin is circulating in the market and how may bitcoin are there in the different wallet. What is most important for me is how will i get more money and buy more bitcoin.
Honestly there are some big exchanges, and I mean like "big" exchanges, and in order to actually put a sell order there, you need to have that many bitcoins. Which means, if you take like top 20-30 exchanges, and calculate how much bitcoin is in sell orders, meaning how much are already there, then you could know how much is in effective circulation. Of course thats not all of it, there are some more, going around in other methods and so forth. But this method is basically the best you could find the closest amount. It allows you to sell how much is being sold hence how much is in the market willingly and not just being held.
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
Nobody knows the exact amount of Bitcoins in circulation. The numbers you see on the market are just a wild guess. That's because no one can tell whenever some coins have been completely lost or held in reserves for future reference. Considering that are lot of coins have been lost over time, there could be a lot less Bitcoins in circulation than we've thought they would be. Based on this assumption alone, Bitcoin could be undervalued as we speak. The more coins lost, the scarcer (and more valuable) Bitcoin will become.
Ultimately, Bitcoin's all about utility. As long as it fulfills its promise of bringing banking to the unbanked, nothing else matters. Just my opinion
As more countries join to this idea and use btc as legal tender, circulation will be much more and more demanded accordingly!
That's wrong; this thread is about how many BTC are in circulation. They may 'circulate more' if it becomes legal tender in more countries, but more usage doesn't change the amount of Bitcoin in circulation. No matter, how much more demand there is or will be, Bitcoin will be printed at the preprogrammed rate always. Only mining and halvings affect the rate at which more Bitcoin enter circulation, and only real burning of BTC removes them from circulation, in my opinion.
As far as I remember El Salvador announced BTC as legal tender when the price was over 40K and purchased some BTC to give El Salvadorians a quantitative ease. Now I think with 29000 USD BTC , he is under political pressure!
Why did he do this? Do you have any updates about El Salvador ?
As more countries join to this idea and use btc as legal tender, circulation will be much more and more demanded accordingly!
Why did he do this? Do you have any updates about El Salvador ?
As more countries join to this idea and use btc as legal tender, circulation will be much more and more demanded accordingly!
You could make the argument that Bitcoin's market cap is inflated as a result compared to other coins, who likely have a much less % of lost coins due to them being created later when the value of crypto had begun being recognized.
I think so. At the end of the day Bitcoin would have been the very first cryptocurrency that people had even heard of let alone used. So, early on when it was worth a couple of quid, meant that it got neglected. So, really in reality while coins might not be completely lost in the terms of what rational people would considered indefinitely lost i.e those that have died, coins being sent to burner addresses, and what not. Simply, a lot of users back then would have forgotten their passwords, and likely won't ever gain access to it again. However, they can't be as easily considered as lost. The next generation will have a better idea of how many were lost, but even then not without any uncertainty. I think it's probably best to just assume that all 21 million can be accessed, even though we know that isn't the case. Since, after all we aren't worried about it increasing beyond that theoretically supply of 21 million, whereas with fiat we're constantly seeing millions or even billions poured into circulation. The reassuring thing is; that'll never happen with Bitcoin.
It's often discussed how many BTC are in reality circulating vs what the numbers will show. I think I've seen it mentioned that as many as 2.5 million BTC could have been lost for one reason or another over the years (mostly early on as people thought it had no value). That would put a more realistic number of about 16.5 million BTC in circulation in reality, with it peaking out at around 18.5 million at the end of the distribution period. You could make the argument that Bitcoin's market cap is inflated as a result compared to other coins, who likely have a much less % of lost coins due to them being created later when the value of crypto had begun being recognized.
I don't understand the whole question.
The question makes sense if one wants to know (at least approximately) how much BTC is available on the market at a given time.
Of the total number mined (19+ million), some are currently lost, some are in non-custodial wallets, and some are available for trading.
But how are the ones sitting in non-custodial wallets not available for trading? The owners could send them to Bisq or another exchange at any point in time, couldn't they?If we take into account that according to available data this number is about 2.5 million BTC, then we can conclude that supply is far greater than demand, and that Bitcoin is not a sought-after commodity despite the limited max supply - which is ultimately reflected on price.
Is 2.5 million the total amount of BTC for sale on centralized exchanges? Because I reckon this would be a pretty bad indicator since Bitcoin can be moved so fast and cheaply even in huge amounts. Like, I get it that when thinking about FOREX there may be limited amount of foreign currency currently available in a certain country and it has to be physically moved. But thousands of BTC could go from 10-year-not-moved-cold-storage to sold on Coinbase for $ in a matter of minutes. 
I don't understand the whole question.
The question makes sense if one wants to know (at least approximately) how much BTC is available on the market at a given time. Of the total number mined (19+ million), some are currently lost, some are in non-custodial wallets, and some are available for trading. If we take into account that according to available data this number is about 2.5 million BTC, then we can conclude that supply is far greater than demand, and that Bitcoin is not a sought-after commodity despite the limited max supply - which is ultimately reflected on price.
Of course, we should not forget the OTC market, which has always been speculated to be of the order of magnitude as an open market, which would mean that at any given time in one way or another there are millions of BTCs that can be traded.
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
Therefore, it is almost impossible to estimate exactly how much BTC is circulating.
Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.
As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!
I highlighted this fallacy in bold: only because someone properly handles their Bitcoin and 'withdraws it to cold storage', doesn't mean it's out of the market or out of circulation. That's just good habit and private key management.
Technically you are correct. All minted coins even the first block which is supposedly stuck could be moved with special software adjustments. So no coin is truly lost.
No coin is truly untouchable.
But many coins have not moved for more than 2 years.
The better question might be.
How many coins are frozen since 2009
How many coins are frozen since 2010
How many coins are frozen since 2011
How many coins are frozen since 2012
note first half ing was in 2012 so 10.5 mill coins are older than 2012.
how many have not moved since that time is knowable.
how of them will move is not knowable.
sames for
2013
2014
2015
2016. this is 5.25 million how many never moved is knowable
how many will move is also not possible to know.
at the 2009-2016 zone we have 15.75 mined do we know the ones that never moved yes.
do we know the stuck ones that will move no.
You can use Messari.io or Viewbase.com too.
- https://messari.io/asset/bitcoin/charts/exchange
- https://www.viewbase.com/exchange
- https://data.bitcoinity.org/markets/volume/30d?c=e&t=b (Trading volume if you want to check it)
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
Therefore, it is almost impossible to estimate exactly how much BTC is circulating.
Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.
As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!
I highlighted this fallacy in bold: only because someone properly handles their Bitcoin and 'withdraws it to cold storage', doesn't mean it's out of the market or out of circulation. That's just good habit and private key management.
There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Is this supply mined in 2022 alone or is this all-inclusive from the results of a few years ago. Because 90% is already included in the top position and you can say it's quite a lot.
This might not be as accurate as it is. But this will give you an idea of how many bitcoins are in the known and largest exchanges out there.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
The other addresses that are on the top that have no label has a bigger chance that it's also owned by them.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
The other addresses that are on the top that have no label has a bigger chance that it's also owned by them.
Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?
You can't know if a coin is in a cold wallet or in a hot wallet, only the owner knows it, from the outside view it's the same. What we can know is the rough estimate of coins in wallets of big exchanges like Coinbase, and we can assume that majority of those coins are actively traded, but even here some percentage of users actually use exchange accounts for long-term storage, even though it's a bad idea. Coins in self-hosted wallets could also be actively traded, this can be spotted if they are moved frequently.
If I were to calculate an estimate for the circulating supply, I would look at all UTXO and consider all coins that haven't been moved in last 2 years as non-circulating, except for coins that belong to exchanges.
There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?
If there would be any data then it would mean that the privacy is not really a choice here. The people sometimes hide their wallets and at the same time there are people who have lost their coins as well who might not have any idea where they are, some of them are also unfortunately passed on as well therefore their family might never know where those coins are hidden as well. Some people like the creator might be ' holding' it forever thus creating a balance between trading and stuff therefore I do think if someone was incharge of data he won't be accurate as well! Therefore I don't understand how one can answer it accurately.
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
Therefore, it is almost impossible to estimate exactly how much BTC is circulating.
Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.
As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
Therefore, it is almost impossible to estimate exactly how much BTC is circulating.
Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.
There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?
Not really. You can't tell the difference between a bunch of coins sitting in an address that is a paper wallet sitting in someones safe vs coins that were lost when a PC crashed taking the wallet.dat (or whatever file) with it and coins that are sitting in a hot wallet that the owner has not wanted to spend since 2018 since they cashed out a lot then and are just sitting on the rest.
The ones that are moving are also a guess. If I bought 2BTC on the dip last week from an exchange and withdrew them to stick them in a cold wallet for a decade you really have no way of knowing that either.
There are some sites & people who can give you a really good guess / estimate but you can never be sure.
-Dave
There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?
You can see the amount of Bitcoins in circulation simply by looking at the unique transaction volume over the past few weeks/months. That would still be inaccurate because you can always mix Bitcoin and the numbers would be inflated. Both trading volumes and declared holdings by exchange would be inaccurate as well because of the abovementioned reasons. You can possibly collate the number of Bitcoins by looking at the different cold storage and hot wallets of the exchange but it is impossible to ascertain the correct amount because no exchange would give any exact values and you can't possibly find all of the addresses associated with the exchanges, barring larger ones.
There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.
And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.
Why not use Coinmarket or Coingecko? You can see circulating supply on both of them. Check the image below.
Then check this Metrics for exchange balances
Register there for free to check it.
Then check this Metrics for exchange balances
Register there for free to check it.
See this: https://cryptoquant.com/asset/btc/chart/exchange-flows
These lists only include the biggest CEXes and obviously don't have P2P and decentralized platforms like LocalCryptos and BISQ since they're non-custodial.
These lists only include the biggest CEXes and obviously don't have P2P and decentralized platforms like LocalCryptos and BISQ since they're non-custodial.
Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
Jump to: