Chainalysis claims that 36% of Bitcoin in circulation is lost
Chainalysis is a company that tries to monitor and investigate sources and destinations of possibly illegal or fraudent transactions but in the end it simple means - its scouting blockchain to find all users and places they want.
Today they released report which says that most of investors held their position during this summer and didnt dump BTC after fall from 20 000 in december.
What is more interesting in their findings is that 36% of Bitcoins in circulation are probably lost or unmined.
30% of bitcoin held come from investors and just 22% are used by speculators to move markets.
If this analysis is true we should see bull market coming soon and the prices of old ATH 20k USD to be surpassed.
On the other hand we know its impossible to verify if coins are really lost or just untouched so that report i suggest to treat with a grain of salt.
Full text: https://blog.chainalysis.com/reports/money-supply-q3
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The only ones we know for sure are lost are the ones burnt :P
and those that you lost yourself ;)
Many people seem unable to fathom this. Once you realise the actual scarcity of BTC relative to the amount of sophisticated investors, institutions and retail investors you will discover there really isn't enough supply to cater to all these groups, thus there should be a significant demand relative to supply.
I lost my original Bitcoin wallet that I first mined to... it was a fullnode.... Rip... I was 15 then I could have been rich lmaooo
how much was it ?
So much to say about BTC.
a lot maybe lost but we are not there yet.
Eventually price will pump and then you will see if they are lost.
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hello @somethingsubtle @blhz @gryphon @fortune-master @passion-fruit
thanks for voting on me but please vote/move bots to 15th minute, after changes on steemit voting before is not worth it! hope this helps!
Never got the change...
It just makes everyone vote later on...
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Exactly what good does that change really do? Just feel like it forces people to vote later.
Its purpose is to prevent automatic and immediate self votes.
Now a poster has to compete on closer than before to equal terms for being the first upvoter on own posts.
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Fully voted
No matter what i continue hold my ground loss or gain i'm not afected on that
All we can do is hope for the best....
Exactly what good does that change really do? Just feel like it forces people to vote later
I'd count only Satoshis coins and maybe a small percentage after that. Its conservative but its hard to believe someone with a huge amount of coins would be crazy enough to lose his private keys.