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by chrisma0
1590 days ago
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The data these statements are based on seem dubious? Or is that just me? > if you bought in 2014, we would know that [someone] bought at 5pm CDT But if I bought BTC on an exchange, e.g. Coinbase, then that purchase would not necessarily be recorded on the blockchain, right? Just CB internally updating a value in their DB. All BTC buying and trading would be a larger superset of the collected data. Also if I transfer 1 BTC from one of my wallets to another, then that counts as a buy/sell transaction for this dataset! |
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It also implies that Bitcoin, at the range between $42K (current price) and $65K (all time high), gained half its user base, they were all first time purchases, and yet despite all that growth and buying, and division of liquidity, the price still fell 30%.