Our robot colleague Satoshi Nakaboto writes about Bitcoin 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 Plato used to say: Time is money!
Bitcoin Price
We closed the day, December 03 2019, at a price of $7,320. That’s a minor 0.05 percent decline in 24 hours, or -$3.82. It was the lowest closing price in six days.
We’re still 63 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $132,359,942,301. It now commands 67 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $14,797,485,769 was the lowest in forty-four days, 10 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 310 tons of gold.
Bitcoin transactions
A total of 336,354 transactions were conducted yesterday, which is 2 percent above the year’s average and 25 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.22. That’s $3.49 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 11,148 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 15.0 percent, and the top 1000 34.8 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $134 billion, Netflix 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 95.1 percent behind being on track. Bitcoin‘s price should have been $149,160 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 16,469 fresh tweets about Bitcoin were sent out into the world. That’s 10.4 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:
This was yesterday’s most upvoted Reddit post about 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’.
Satoshi Nakaboto: ‘Bitcoin halving prediction leads to $55K price, $1T market cap’
Our robot colleague Satoshi Nakaboto writes about Bitcoin 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 Satoshi Nakamoto used to say: Your imagination is the only tool in the book!
Bitcoin Price
We closed the day, October 20 2019, at a price of $8,222. That’s a respectable 2.80 percent increase in 24 hours, or $224. It was the highest closing price in five days.
We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $148,026,597,064. It now commands 67 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $15,504,249,442 was the highest in one day, 0 percent above the year’s average, and 65 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 324 tons of gold.
Bitcoin transactions
A total of 289,650 transactions were conducted yesterday, which is 13 percent below the year’s average and 35 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.11. That’s $3.60 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 12,040 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 34.4 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $149 billion, PetroChina 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 93.1 percent behind being on track. Bitcoin‘s price should have been $120,606 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 13,294 fresh tweets about Bitcoin were sent out into the world. That’s 28.6 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:
This was yesterday’s most upvoted Reddit post about 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’.
The market speaks: Nikola stock down 80% since all-time high
Traders continue to reject Nikola stock following the departure of its founder Trevor Milton, with shares in the electric vehicle rogue now trading 80% below its record high set in June.
Nikola stock opened Thursday trade at $18.10, down 47% since Milton’s resignation just four days ago. In terms of market value, traders reckon Nikola is now worth just $6.91 billion — one-fifth of what it was at its peak.
Tesla, the original EV company named after the famed inventor, is also struggling to maintain value. The Elon Musk-led carmaker has shed more than $126 billion from its market cap since its record close on August 31, representing more than a quarter of its value.
Unlike the hubbub swallowing Nikola, a lukewarm response to Tesla’s Battery Day presentation on Tuesday seems the most likely culprit for its recent 15% share price slide.
Still, there’s no doubt that both EV stocks have been incredibly volatile. At their all-time highs, Nikola’s and Tesla’s share prices were up 810% and 480% respectively for the year, and have both dropped considerably since their peaks.
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But even with an abdicating founder, Nikola is still in the green for 2020. In fact, the company’s share price is still roughly double what was at the start of January.
Tesla, on the other hand, opened Thursday trade at $363.80; down 27% from its all-time high, but still up more than 320% year-to-date.
Nikola and Tesla do share a certain bond, beyond the name
Considering the seriousness of the allegations levied against Milton, it’s not exactly fair to compare Tesla, a considerably tangible brand, to Nikola, which is still working with prototypes.
However, the two stocks do share a common mission leading into 2021: prove they’ve grown into their new market values. For Tesla, it’s mostly a matter of making good on its promise to eventually sell a $25,000 EV.
But Nikola must now rely on the size and scope of its deal with GM, as well the strength of its management post-Milton. It also isn’t exactly clear to what extent the Milton scandal will affect Nikola’s overall brand.
To make matters worse, Wall Street isn’t exactly convinced Nikola can do it. According to Barron’s , Wedbush’s Dan Ives announced his bearish outlook on Nikola stock this morning, the first industry analyst to label it a “sell.” Ouch.
