Bitcoin total market value
How do you bitcoin total market value equating them to the federal reserve monetary base? The order book currently looks blank, like this: Here is the order book a few minutes later: Keep up the good work! Equate the total number of bitcoins 21 million to the federal reserve monetary base 3.
Here is the order book a few minutes later: The order book currently looks blank, like this: You are commenting using your Twitter account. Leave a Reply Bitcoin total market value reply Enter your comment here How about valuing bitcoin this way.
Having said that… yes of course, if there are more buyers with a greater desire to buy and pay whatever it bitcoin total market value to bitcoin total market value BTC, then the prices bid, mid, offer, last should increase. So now we have an actual traded price! Conclusion So the market cap is derived from the market prices bid, mid, offer, lastand the market prices can change without any trades happening. And even a very small trade at a new price can alter the market cap last.
Total cost to buy 14 BTC: You are commenting using your Bitcoin total market value account. The order book currently looks blank, like this: Also, no trades have happened yet at all, and you and your friends are just suggesting prices you are willing to trade at.
Here is the order book a few minutes later:. Traders use order books for price discovery and for executing trades — you can see the cheapest price someone is willing to sell bitcoins for, and the highest price someone bitcoin total market value willing to pay for bitcoins. But as the order books fill up ie more liquidity is availablethe best bids and best offers start to converge. And the market cap of bitcoin could bitcoin total market value best described using the last actual traded price instead of theoretical prices:. And even a very small trade at a new price can alter the market cap last.
Thank you for your comments though. You are commenting using your WordPress. You are commenting using your Facebook account. And the market cap of bitcoin could be described as any of:
The order book now looks like this:. The order book currently looks blank, like this:. The flawed reasoning is as follows:
These are wildly different numbers! Traders use order books for price discovery and for executing trades — you can see the cheapest price someone is willing to sell bitcoins for, and the highest price someone is willing to pay for bitcoins. Equate the total number bitcoin total market value bitcoins 21 million to the federal reserve monetary bitcoin total market value 3. It is important to learn that, as otherwise the HFTs and Prop Traders will have full control of the market. The order book currently looks blank, like this:.
According to the gold argument, what bitcoin total market value the expected price of a bitcoin be? So the market cap of bitcoin could be described as any of: Leave a Reply Cancel reply Enter your comment here And now the market cap of bitcoin could be described as: The order book now looks like this: