There are ~1,500,000 more bitcoins now than there were last year

nothing2seeHere

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Quote from: Elwar on November 09, 2014, 05:00:57 PM

The bears and PoS people would say that all 1.5 million were sold off on the exchanges right after being mined.

They also talk about how low the volume is.

So that would mean that a majority of the coins sold were from miners while most everyone else is buying and spending/holding.

I would say that a very good percentage of the bitcoin that has been mined over the last year were sold on the exchanges as the miners generally need to pay for their electric costs, this is the nature of PoW (and also why PoW will always work).

Elwar

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Viva Ut Vivas

The bears and PoS people would say that all 1.5 million were sold off on the exchanges right after being mined.

They also talk about how low the volume is.

So that would mean that a majority of the coins sold were from miners while most everyone else is buying and spending/holding.

redskins49

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we are going to rocket to the moon guys, i heard a group of college kids talking about bitcoin at the office today. I'm very bullish

freedomno1

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Learning the troll avoidance button :)

Quote from: orsotheysaid on November 09, 2014, 02:30:17 PM

Quote from: BRE on November 09, 2014, 09:46:47 AM

But i hope we have more than 1.500.000 new users for bitcoin world in this year.
That will make bitcoin price still in good rate

That's a lot of new users in this forum as well. Can the server deal with such an influx of new people and posts??

It should be fine as there are the constant users and the intermittent ones
Plus the bitcointalk slush fund is significant as we are preparing for the new forum software

orsotheysaid

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Quote from: BRE on November 09, 2014, 09:46:47 AM

But i hope we have more than 1.500.000 new users for bitcoin world in this year.
That will make bitcoin price still in good rate

That's a lot of new users in this forum as well. Can the server deal with such an influx of new people and posts??

Erdogan

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They existed all the time, but last year, they had not been found yet.

BRE

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Lucky.lat | Marketing Solutions & Implementations

But i hope we have more than 1.500.000 new users for bitcoin world in this year.
That will make bitcoin price still in good rate

piramida

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Borsche

Quote from: keystroke on November 09, 2014, 04:57:15 AM

But even if coin price is the same we now own part of a much larger and more powerful economy.

Which, even if it does fail for some yet unknown reason, will anyway forever remain as a significant part of human history, as the first baby steps of decentralized society.

keystroke

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advocate of a cryptographic attack on the globe

Yet the price per coin is about the same.

So market cap is up ~15%. [Source : http://www.coindesk.com/data/bitcoin-market-capitalization/]

Looks fair to me.

Sentiment might take awhile to change, but change it will. We're working on building an economy here. Wink

Of course everyone wants to speculate on price because that determines the worth of our individual coins. But even if coin price is the same we now own part of a much larger and more powerful economy.

Topic: There are ~1,500,000 more bitcoins now than there were last year (Read 1547 times)