Dormant Coins, Presumed "Dead", Spent Around Bitcoin Price Peak
An interesting read... for keeping things in perspective. 30% of Bitcoins are dormant. That's a HUGE destabilizing factor.
Putting faith in whales not dumping because they lost interest is a strong investment strategy? I guarantee a lot more will
be dumped if we ever move past the $700 realm.
Excerpts from the article cryptocoinsnews.com/news/earliest-bitcoins-seen-moving/2014/08/04 :
"Transaction records in the blockchain show that bitcoins mined during the earliest days of Bitcoin have been transacted during the past year – after remaining ‘dormant,’ for the most part untouched, since being mined between 2009-2011."
"The bulk of these 67,000 coins (worth 67mil) were transacted during the months surrounding the Bitcoin all-time-high price in November 2013."
"What is of significance, instead, is that we now have proof that the addresses relating to the earliest Bitcoin mining rewards – assumed ‘dead’ coins for a long time – have, in fact, been controlled by people, and that they exercised that control during the past year."
"John Ratcliff’s research shows that approximately 30% of all early bitcoins are still dormant: Their worth, in US Dollars, is in the billions with a ‘b.’ "
Putting faith in whales not dumping because they lost interest is a strong investment strategy? I guarantee a lot more will
be dumped if we ever move past the $700 realm.
Excerpts from the article cryptocoinsnews.com/news/earliest-bitcoins-seen-moving/2014/08/04 :
"Transaction records in the blockchain show that bitcoins mined during the earliest days of Bitcoin have been transacted during the past year – after remaining ‘dormant,’ for the most part untouched, since being mined between 2009-2011."
"The bulk of these 67,000 coins (worth 67mil) were transacted during the months surrounding the Bitcoin all-time-high price in November 2013."
"What is of significance, instead, is that we now have proof that the addresses relating to the earliest Bitcoin mining rewards – assumed ‘dead’ coins for a long time – have, in fact, been controlled by people, and that they exercised that control during the past year."
"John Ratcliff’s research shows that approximately 30% of all early bitcoins are still dormant: Their worth, in US Dollars, is in the billions with a ‘b.’ "
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.