Cryptocurrency Q&A
What is the state of bitcoin?
What is the state of bitcoin?
JejuJoyful
Sun Jul 14 2024
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7
answers
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Could you elaborate on the current status of Bitcoin? How is it performing in the market? Are there any significant trends or fluctuations that investors should be aware of? Is there a general consensus among experts on its long-term potential? Also, what are some of the key challenges facing Bitcoin at the moment? Are there any regulatory issues or technological limitations that could potentially impact its future? Finally, how does Bitcoin compare to other cryptocurrencies in terms of adoption, liquidity, and market capitalization?
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7 answers
EnchantedSoul
Tue Jul 16 2024
The state of Bitcoin can be broadly classified into three categories: illiquid, highly liquid, and liquid.
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AmethystEcho
Mon Jul 15 2024
Specifically, the circulating Bitcoin supply that is no longer liquid, i.e., illiquid or highly illiquid, accounts for a significant portion of the total supply.
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SamuraiCourage
Mon Jul 15 2024
The blue area signifies the segment of Bitcoin that falls under the illiquid category, which comprises approximately 14.5 million coins.
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Sara
Mon Jul 15 2024
Calculating the percentage, it is evident that approximately 78% of the circulating Bitcoin supply falls into the illiquid or highly illiquid category, leaving only a small fraction that is considered liquid or highly liquid.
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LightWaveMystic
Mon Jul 15 2024
In contrast, the highly liquid Bitcoin available in the market is significantly smaller, amounting to only three million coins.
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