BITCOIN Crash!

Discussion in 'Crypto Assets' started by RainMaker3000, Nov 14, 2019.

  1. Mo06

    Mo06

    According to CoinMarketCap, there are 18.2 m bitcoins in existence.

    BUT there were 10.5 m created at a price below $100.
    And over 5 m at prices under a single dollar.

    So why should those all those millions now be valued at over $ 5000 each ...? Makes no sense to me.
     
    #21     Mar 15, 2020
  2. Mo06

    Mo06

    Bitcoin - if you take the 18 m coins in existence, and take the average of the max price at which each million was created, you get a figure of very approximately $ 2000.

    Using the average price not max for each million created, give a VERY rough calculation of about half that.
     
    Last edited: Mar 15, 2020
    #22     Mar 15, 2020
  3. Mo06

    Mo06

    Looks like we might get to that $2000 level soon at this rate...
     
    #23     Mar 16, 2020
  4. bublu

    bublu

    Let see where it goes.. For now it is shaking the bulls and the bears are rocking!
     
    #24     Mar 17, 2020
  5. John_09

    John_09

    Well, that is all we can do.
     
    #25     Mar 24, 2020