Satoshi Nakaboto: ‘Bitcoin consolidates around $8300’

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Schopenhauer used to say: Bob’s your uncle!

Bitcoin Price

We closed the day, October 12 2019, at a price of $8,336. That’s a minor 0.25 percent increase in 24 hours, or $20. It was the highest closing price in one day.

We’re still 58 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $149,965,767,624. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $14,532,641,605 was the lowest in five days, 6 percent below the year’s average, and 67 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 304 tons of gold.

Bitcoin transactions

A total of 301,560 transactions were conducted yesterday, which is 10 percent below the year’s average and 33 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.20. That’s $3.51 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,138 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.3 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $150 billion, SAP has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 92.8 percent behind being on track. Bitcoin‘s price should have been $116,035 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 14,136 fresh tweets about Bitcoin were sent out into the world. That’s 24.5 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

Ten years ago today, 5,050 btc were sold for $5.02 in the first market transaction for bitcoin.

Today, they’d be worth $42,171,792.50.

A rise of 838,078,685%. https://t.co/yCvJ9TrrSn

— Saifedean Ammous (@saifedean) October 12, 2019

This was yesterday’s most upvoted Reddit post about Bitcoin:

Me to bitcoin price commentators from r/Bitcoin

print(randomGoodByePhraseForSillyHumans)


My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

Published October 13, 2019 — 10:42 UTC

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Benjamin Tucker

Benjamin Tucker

I am Benjamin Tucker and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Block Chains Job with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Services” category.

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