5
votes
Bitcoin market hours (open/close prices)
For the Gemini exchange the closing price is at the time of their daily auction at 4pm ET.
You can read more about the auction here:
https://gemini.com/marketplace/
And why it is considered their "...
4
votes
China is 98% of the bitcoin market?
Chinese Bitcoin exchanges don't take a fee per trade and some actually reduce the withdrawal fee if more trades were made.
Outside of China, exchanges usually take a fee on each trade. The volumes ...
- 77k
3
votes
How does market cap of currency decrease?
The market cap is the product of the total currency supply and its instant exchange rate. If either the exchange or supply goes down, the market cap does too.
The supply generally doesn't decrease, ...
- 108k
3
votes
Accepted
How can a X-coin market cap go down while its value goes up?
As Nate Eldredge pointed out, the chart you're looking at is denominated in BTC, while the market cap is denominated in USD.
If you look at the chart below, you'll see that the price in USD (green) ...
- 77k
3
votes
Can I sell Bitcoin bought in 2014?
10 bitcoins are worth $60,000 dollars. How can this be?
Indeed, the price has skyrocketed recently, each bitcoin is worth around $6092.00 USD as of writing this answer, it's not a glitch.
I am ...
- 11.9k
2
votes
Accepted
What information is available in the blockchain
This information does not exist on the blockchain. It is gathered from exchanges. The blockchain has no idea what fiat is nor does it care. The only information that exists on the blockchain that ...
- 71.5k
2
votes
Accepted
What is the method to determine the total market capitalization of the Bitcoin market?
"Bitcoin market cap(in AUD)" = "Number of bitcoins in circulation" X "Value of single bitcoin(in AUD)"
The same as a market cap of some company: "number of their shares" X "value of single share"....
- 1,248
2
votes
Would free energy cause a market collapse?
Although this question might be "too broad" or "off-topic", I'll give you an answer and it's no.
By removing the cost of electricity, hardware expenditure becomes the ceiling for hashrates. Surely ...
- 5,666
2
votes
Accepted
When (or) do ICO tokens go to an exchange?
It is not possible to know such things unless an exchange announces that they will be listing an ICO or if the ICO creator announces that an exchange will be listing an ICO. An ICO being listed is not ...
- 71.5k
2
votes
How much does the market cap increase when a certain amount of $'s go in the market?
Given that the Bitcoin market is pretty unstable + unregulated I don't think it is possible to predict the outcome of this.
Have a look at the paper Price Manipulation in the Bitcoin Ecosystem by ...
- 37
2
votes
Calculate Coin Supply at any given time
Yes. Thats possible. I wrote a python program that returns the supply at a given block (works with future supply, too):
#!/usr/bin/env python
# -*- coding: utf8 -*-
def btcSupplyAtBlock(b):
reward ...
- 2,117
2
votes
How does an exchange cover a "run on the bank"?
An exchange isn't a bank, and, in theory, isn't subject to a "run".
Banks are typically "fractional reserve" institutions. The money deposited by the customers doesn't all reside within the bank; ...
- 23.1k
2
votes
How to buy 1,000,000 BTC
First, realize theres no way to get that much btc without significantly moving the price higher.
Essentially, your goal is to source as much liquidity as you can from as many sources as you can. That'...
- 1,503
1
vote
How to buy 1,000,000 BTC
It is difficult to ascertain exactly how many bitcoins there are for sale at any moment. We have estimates on how much bitcoin there is on exchanges (2.26 million BTC on July 5, 2023 by Glassnode), ...
- 9,374
1
vote
What are some potential scenarios that a state actor can harm bitcoin if they control more than 51% of the hashing power?
As reported recently, China controls more than 51% of the hashing power and just in one province in China controls 54%.
This is technically incorrect: there is no way to measure what percent of ...
- 18.3k
1
vote
Accepted
What are some potential scenarios that a state actor can harm bitcoin if they control more than 51% of the hashing power?
There may be a lot of miners in China, but the People's Republic of China do not control the mining power.
A 51% attack on Bitcoin may be theoretically possible, but it is definitely not feasible. ...
- 428
1
vote
How do market cap websites obtain their list of coins?
They will usually scrape various exchange APIs/websites for tickers and names.
- 17.2k
1
vote
I'm Searching cryptocurrency exchange api
CCXT is a python/javascript library with the functionality you request. You can then trade with any exchange you'd like such as Binance, Poloniex, etc.
Gekko is a similar open source library for Node ...
1
vote
When (or) do ICO tokens go to an exchange?
If the tokens issued by the company or person don't make it onto an exchange, then they really don't have any market value. For example, I can create a token called a Lopez token with a supply of 1 ...
- 426
1
vote
Accepted
Bitcoin - not so democratic future?
Bitcoin's goal is a decentralized democratic value system.
It absolutely is not. A democracy is a system where the majority of participants can decide for everyone.
In Bitcoin, nobody can decide for ...
- 108k
1
vote
Bitcoin, Ethereum and Litecoin value graph look very similar
The prices of basically all altcoins follows that of Bitcoin's. So generally when Bitcoin goes up, so do altcoins', when it drops, so do altcoins'. This is generally because altcoins are primarily ...
- 71.5k
1
vote
Self trade prevention
Trading with oneself is commonly known as wash trading and is most commonly used to manipulate markets.
I want to know is it a default protection practice, used all over the exchanges or only a ...
- 113
1
vote
Would free energy cause a market collapse?
Even if energy becomes free, there are
limited ASIC miner production
hardware costs
Especially, there is very little room for the supply to increase: More than 3/4 of all bitcoins have already been ...
- 77k
1
vote
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