An interesting Bitcoin infographic crossed my desk this weekend. The title—”58 Insane Facts About Bitcoins”—is a tad hyperbolic, but it is for sure 58 very interesting facts about Bitcoin. If you’re curious about Bitcoin, many of them may be new to you.
You may also be interested in my Bitcoin Faucet Guide and Bitcoin Faucet Primer.
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There’s one error in the infographic dealing with a mention of Silk Road. Silk Road was the first major marketplace for Bitcoin that included a wide variety of legal and illegal goods and/or services. It was shut down in 2013 after the FBI arrested the site’s operator— Ross William Ulbricht (a.k.a. Dread Pirate Roberts). The Infographic mentions that 5% of Bitcoin transactions take place on Silk Road, but that should be a past tense reference, as Silk Road is no longer open.
Another tidbit is that the FBI owns some 1.5% of the world’s Bitcoin supply, as mentioned in fact #13. Unstated in the infographic is that most of that came about due to the above-mentioned seizure of assets related to SilK Road.
I should also note that the Infographic was developed Bitcoin Play, a casino whose services I’ve not tested.
58 Insane Facts about Bitcoin
Cool infographic, thanks for sharing!
Dropped to $4,000, and is back to $4,500. One factor in observing the Bitcoin market is that its volatility is greatly enhanced by its relatively small size. With a market cap of just $75 billion and change, a $10 million trade either way can have an outsized effect on the price. A $10 million trade in the stock market, on the other hand, is less than a rounding error far more often than not. Same thing with Gold, which has a global value of some $7.5 trillion.
When you mix in the speculative nature of much of Bitcoin’s value, huge swings will be common for the foreseeable future.
That’s my two cents. 🙂
Has anyone checked the bitcoin values after the recent China deal????
What was the drop???