Hodl to the end: after six months in treatment had only a quarter of all bitcoins
Source:
Despite the volatility in the global financial markets in the last six months only a quarter of all BTC is used for trading or exchange. According to researcher of Coin Metrics, it indicates a significant reduction in activity compared to the end of 2017, when moved about half of all mined bitcoins. So sluggish activity was not as much in 2015. But then haven't had a massive influx of investors.
theWhy it happened
In a telephone conversation with Bloomberg News co-founder of Coin Metrics Nick Carter hints that «Bitcoin is still in a recession». Coin Metrics reports that in the last 12 months moved only about 50 per cent of bitcoins, not including the newly mined coins. At the end of 2017, the figure was 60 percent.
The drop in trade volumes is even more surprising because at the end of 2017 jump to 20 thousand in the cryptocurrency sphere entered the new investors and speculators. Many of them were hoping to get a quick and easy money, but coins and settled they are due to the sharp fall in prices. It was assumed that they sell the crypt with a further increase in price.
Historical data shows that a large part of bitcoin never moves. Assessment of Coin Metrics, 40 percent of all coins are already lost or stored in so-called "cold storage". The remaining 25-35 percent liquid by half, so throw them out into the market only in a bullish trend. At such moments, Hodler sell part of their savings in order to obtain cash. And the price reduction in circulation is activated only 30 percent of BTC.
Currently, has produced about 17 million bitcoins. Will have to get another 4 million to reach the final volume of supply of coins, which was regulated by wallpapera Satoshi. More data to search for .
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