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A comment on Bitcoin Plummets Below 40K. Parent comment

Re:Bitcoin Plummets Below 40K by spankyspangler on Wednesday May 19, 2021 @06:29AM (#27206716)
In this particular case I don't think the market is all that complex. People were valuing bitcoin on the assumption that other people would keep buying it at higher prices before they sell.

People didn't cut nearly half a trillion dollars from the value of bitcoin on the word of a person known for blurting out impulsive and weird things. He didn't reveal any deep new insights into this thing. What Musk said just spooked the herd, that's all.

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Re:Bitcoin Plummets Below 40K by nly on Wednesday May 19, 2021 @06:35AM (#27206757)
It would be interesting to figure out how much $USD has been paid for all the coins currently held, rather than looking at just market cap.

Shame it can't be calculated.

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Re:Bitcoin Plummets Below 40K by dr_zoidberg on Wednesday May 19, 2021 @08:32AM (#27207665)
I think the exchanges would be the ones that could answer that question... But I don't think it's in their interests to do so.
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