Bitcoin World’s 30th Largest Currency, Market Cap Closes on Mastercard

Post by gonvaled » Mon, Nov 27, 2017, 11:54 AM UTC

eknkc wrote: post #32

roel_v wrote: post #24

I couldn't tell from the article - how do they define 'market cap'? Nr of currently mined coins * current value? Because if so, how does that make sense - nobody knows how many coins are 'lost'. Is there anyone watching e.g. how many coins haven't moved wallet since, say, 2013? Like, satoshi's coins - does it make sense to include those in any metric? (maybe they're using an entirely different definition in which cas…

I believe it is calculated based on the amount of coins in circulation. Maybe those that had a movement in last N days or something like that, not sure about the exact details. Daily transaction volume might be a better indication though..

Post by mmjaa » Mon, Nov 27, 2017, 2:00 PM UTC

ghthor wrote: post #52

mmjaa wrote: post #50

Earlier quoted context omitted.

I pay in BtC. The card provider does the conversion automatically - but I, personally, pay in BtC. I have nothing to do with US$.

Is there a guide I can use to set this up?

Post by gonvaled » Mon, Nov 27, 2017, 2:41 PM UTC

twelve40 wrote: post #31

down wrote: post #21

gold has $7 Trillion and I fail to see how gold is a better store of value, I fail to see why would anyone buy gold bullion for example, is just a piece of metal.

imho the biggest difference is: gold is currently the preferred reserve by the world governments, which hold 30k tons, including the government with the largest military in the world. There is a chance that those in power will put a bit of effort to keep it more or less stable.

Post by mmjaa » Mon, Nov 27, 2017, 5:43 PM UTC

qplex wrote: post #56

mmjaa wrote: post #53

Earlier quoted context omitted.

http://wirexapp.com/ There are quite a few others, but this is the one I know about.

They list the current price of BTC at $2,456.15 on that page. Hope it's out of date and not the exchange rate they use ;-)

Post by Merthurian » Mon, Nov 27, 2017, 5:51 PM UTC

neinnein wrote: post #19

The comments on Bitcoin in here are almost all made by people who don't understand what they're talking about, spewing lies and half truths. Zero understanding, zero facts, 100% angry. It's hilarious.