| submitted by /u/Bitcoin_21
Just some context for the faint of heart.
As of today, what number of coinbases, what number of coins, and therefore what percentage of the newly created coins have never been moved?
Is there a Bitcoin alert service that monitors the price and alerts the user when price dips or rises by a percentage base? Say I want to monitor the btc price if it rises by 5% and have it email me.
I wasn’t able to find actual data on this. I’m under the impression that
- the majority of transactions represent ownership transfer between investors, traders and exchanges
- the majority of remaining transactions represent purchases of goods and services
- the majority of purchases made with Bitcoin are for something illegal
It’s very easy to see why someone would want to buy drugs with Bitcoin. It’s not easy to see why someone would want to buy coffee with Bitcoin. If I want to buy coffee with Bitcoin, isn’t it easier to first exchange that Bitcoin into fiat currency, and pay for coffee with that?
Does anyone have any data regarding what percentage of Bitcoin use is legitimate?