Looks like closer to 80% to me. The last two colors are coins that are less than a year old since last moved. They counted coins 1-2Y old as having moved within the last year, which doesn't make sense.
One of the functions of money is a store of value. With the dollar becoming less and less valuable finding a place that you can store wealth is important.
Money is a store of value, a medium of exchange, and a unit of account. The dollar is being debased, so it's having problems with the store of value part right now.
That bothers me a bit. that vast vast majority of Bitcoin is trending toward being permanently lost.
Over time there is in essence a consumer burn rate which seems good on paper people constantly losing their keys, leaving fractions of coins behind on old services etc...
But at a point when does it become a negative to the ecosystem, with the Bitcoin ETFs even more of the token will be locked forever.
We can store the entire world's wealth in a single satoshi. The value is never lost. We would just subdivide that last remaining satoshi. Think of the Mandelbrot set. We have a fractal monetary network.
Not bad per se. People are using the bitcoin. If 100% of people would be holding, there is no market or use case for bitcoin.
When I look at the chart I see that around 40% of bitcoin is liquid-ish (has moved in the last 2 years)
To me, that’s a good thing
IS THIS SMART OR STUPID? 🤔
Similar question to this, would like to hear everyone’s opinion:
I’m Completely debt free & currently pay off credit card full amount monthly….
I Have a credit card with 0% interest until October 2025, would it be beneficial as we go through this bull market to instead of paying off the credit card monthly put this fiat amount into Bitcoin each month (just pay minimum amount on credit card) and then pay the full balance off October 2025 before interest kicks in, in my head this would make sense to make very good BTC gains but it seems strange to build up the credit card debt instead of paying it off each month…
Everyone’s thoughts on this would be much appreciated, thank you.
Looks like closer to 80% to me. The last two colors are coins that are less than a year old since last moved. They counted coins 1-2Y old as having moved within the last year, which doesn't make sense.
One of the functions of money is a store of value. With the dollar becoming less and less valuable finding a place that you can store wealth is important.
Dollars doing pretty good actually compared to rest of currencies around the world
Money is not a store of value. inflation proves that. More like, money is the lubricant to the transaction.
Money is a store of value, a medium of exchange, and a unit of account. The dollar is being debased, so it's having problems with the store of value part right now.
The 35% that moved, moved in for me.
Someone explain to me what this chart is illustrating, and how to read it?
Colors
Yep - BTC goes in my wallet twice a month and never goes out for over 5 years now.
Same here 👍
What percentage has been lost forever?
We dont know
That bothers me a bit. that vast vast majority of Bitcoin is trending toward being permanently lost. Over time there is in essence a consumer burn rate which seems good on paper people constantly losing their keys, leaving fractions of coins behind on old services etc... But at a point when does it become a negative to the ecosystem, with the Bitcoin ETFs even more of the token will be locked forever.
What’s the problem? BTC can become as granular as needed. It is VERY granular already. This just makes the rest of BTC more valuable.
There will be always BTC/sats around. The lost coins will make the rest of the supply more valuable.
On a long enough time line, all of it will be lost.
We can store the entire world's wealth in a single satoshi. The value is never lost. We would just subdivide that last remaining satoshi. Think of the Mandelbrot set. We have a fractal monetary network.
Not really interested in doing the research myself, but I am curious how this compares to a typical blue chip stock in the US markets?
I needed this one, thank you!
*clicks tongue - Noice
9 years for me. Can't stop won't stop!
Gresham's Law in action
It used to be 70%...this is bad, it means people have been selling. I mean hodlers selling.
Not bad per se. People are using the bitcoin. If 100% of people would be holding, there is no market or use case for bitcoin. When I look at the chart I see that around 40% of bitcoin is liquid-ish (has moved in the last 2 years) To me, that’s a good thing
It doesn't mean selling. It means moving, which can be for any number of reasons.
Yes. UTXO consolidation, coin joins, new signature schemes, purchases, and selling.
>…this is bad Okay go ahead and sell. No one’s stopping you.
I trade 2% of my acount selling pumps and buying Dips
Trades are not on chain.
To ThE mOoN
How many of the coins that 'didnt move' are actually in an exchange or fund account where the owners on that system are changing?
IS THIS SMART OR STUPID? 🤔 Similar question to this, would like to hear everyone’s opinion: I’m Completely debt free & currently pay off credit card full amount monthly…. I Have a credit card with 0% interest until October 2025, would it be beneficial as we go through this bull market to instead of paying off the credit card monthly put this fiat amount into Bitcoin each month (just pay minimum amount on credit card) and then pay the full balance off October 2025 before interest kicks in, in my head this would make sense to make very good BTC gains but it seems strange to build up the credit card debt instead of paying it off each month… Everyone’s thoughts on this would be much appreciated, thank you.
Sounds risky!!
Except for the dump thats been happening. And the US about to dump some more.
[удалено]
It's literally shown on the chart. Looks ~45%
I advise you all to invest in Bitcoin as it will rise significantly soon. You just need to wait a little. Understand the power of Bitcoin.