Author

Topic: Near match with market cap (Read 908 times)

legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
July 04, 2011, 03:19:33 PM
#4
I think you don't understand. That is precisely how market caps are calculated.

And now I'm just a tad smarter, too bad I didn't google it in the first place. Self Fail.


LOL we all make noob comments sometimes Smiley
member
Activity: 112
Merit: 10
July 04, 2011, 03:14:01 PM
#3
I think you don't understand. That is precisely how market caps are calculated.

And now I'm just a tad smarter, too bad I didn't google it in the first place. Self Fail.
newbie
Activity: 56
Merit: 0
July 04, 2011, 03:03:50 PM
#2
I think you don't understand. That is precisely how market caps are calculated.
member
Activity: 112
Merit: 10
July 04, 2011, 03:01:58 PM
#1
The current market cap, according to Bitcoinwatch.com:

96,631,106

The current number of bitcoins in existence:

6,738,350


96631106/6738350 = 14.34 (roughly)


Current price on Mt. Gox = $14.39


Have we reached equilibrium for now? Or should those numbers always come out that way? I'm just curious if it's coincidence or normal behavior.
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