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/biz/ - Business & Finance

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3490725 No.3490725 [Reply] [Original]

Someone explain this to me:
Circulating Supply
433,481,242 USDT

BTC Marketcap jumping 10-20billion in a few days.

HOW is there only half a billion usdt in use?PPL really sell for real money?

Or value = demand?
how to calculate this shit?

>> No.3490746

>PPL really sell for real money?

wtf no

>> No.3490749
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3490749

normie

>> No.3490797

BTC marketcap does not reflect the amount of BTC in circulation since considerable amounts were lost in the early years of bitcoin

>> No.3490809

>>3490725
>Plus size
>Not asian

>> No.3490819

>>3490797
iok leave that out....look at the 24h volume
its more than 4billion.....explanations?

>> No.3490821

>>3490746
This is where I get lost on the whole crypto ecosystem. What's the point if I can't turn my coins back into cash? It's like WoW gold: neat in game but useless otherwise.

>> No.3490856

>>3490821
MY question is where ppl ran with their values if not into USDT?

>> No.3490862

>>3490821
agreed

>> No.3490887

>>3490856
Random shitcoins perhaps. I have no idea tbqh.

>> No.3490937

>>3490856

Alot of people don't run and just hodl, it's just a few elite whales dumping who can manipulate things in their favor

>> No.3490982

>>3490725
>PPL really sell for real money?
Yes.

>> No.3490983

>>3490856
USD in exchanges that have the pair (bitfinex, coinbase, c-cex)
Hell, kraken even has a usdt/usd pair

>> No.3491024

>>3490821
You can convert into USD on coinbase and put it into your bank account.

>> No.3491029

>>3490937
So the 24h volume represents islands of money being active and moving and it can be well within the 0.5b range :D Im starting to get it.

>> No.3491054

>>3490821
>This is where I get lost on the whole crypto ecosystem. What's the point if I can't turn my coins back into cash? It's like WoW gold: neat in game but useless otherwise.

You can setup USDT to wire transfer in/out of your bank account...

>> No.3491116

>>3491054
I'm not sure if anyone has ever successfully done that though. People trust USDT too much.

>> No.3491126

>>3490725
Market cap is the theoretical value if every last BTC sold for the going rate. In reality, only a fraction of a % of the actual BTC supply is ever traded at that rate. The reality is that if everyone dumped their BTC at once the value would drop to nothing.

It's not just BTC. You think that if every ounce of gold on the planet was suddenly listed it'd all sell for $1300/ounce? The price would immediately crash to pennies.

>> No.3491177

>>3491126
So the total active amount and used/traded coins and their value is much lower?How low?