From 241baf6bb4f836180ed9f4e841593c710730fc0f Mon Sep 17 00:00:00 2001 From: Gerald Bauer Date: Thu, 7 Jan 2021 21:56:43 +0100 Subject: [PATCH] Create Jemima_Kelly,_Financial_Times_Alphaville.yml --- Jemima_Kelly,_Financial_Times_Alphaville.yml | 33 ++++++++++++++++++++ 1 file changed, 33 insertions(+) create mode 100644 Jemima_Kelly,_Financial_Times_Alphaville.yml diff --git a/Jemima_Kelly,_Financial_Times_Alphaville.yml b/Jemima_Kelly,_Financial_Times_Alphaville.yml new file mode 100644 index 0000000..ab8e875 --- /dev/null +++ b/Jemima_Kelly,_Financial_Times_Alphaville.yml @@ -0,0 +1,33 @@ +################################### +# Jemima Kelly, Financial Times Alphaville + + +- quote: | + The idea that you can get out of your bitcoin position at any time and the market + will stay intact is frankly a nonsense. And that's why the bitcoin religion's "HODL" mantra + is so important to be upheld, of course. + + Because if people start to sell, bad things might happen! + date: 2021-01-07 + source: https://www.ft.com/content/af686b47-dbb8-426c-b530-27898891bd16 + +- quote: | + It is estimated that about 20 per cent of bitcoins have been lost in various ways, + never to be recovered. Then there are the so-called "whales" that hold most of the bitcoin, + whose dominance of the market has risen in recent months. The top 2.8 per cent of bitcoin addresses + now control 95 per cent of the supply (including many that haven't moved any bitcoin for the past half-decade), + and more than 63 per cent of the bitcoin supply hasn't been moved for the past year, according to recent estimates. + + What all this means is that real liquidity - the actual available supply of bitcoin - is very low indeed. + date: 2021-01-07 + source: https://www.ft.com/content/af686b47-dbb8-426c-b530-27898891bd16 + +- quote: | + What we call the "bitcoin price" is in fact only the price of the very small number of bitcoins + that wash around the retail market, and doesn't represent the price that 18.6m bitcoins + would actually be worth, even if they were all actually available. + + So the "market cap" is in this way nonsense multiplied. You times two things together + that don't reflect what they claim to - the "circulating supply" and the "price" - and voilà! + date: 2021-01-07 + source: https://www.ft.com/content/af686b47-dbb8-426c-b530-27898891bd16