The all-time high realized price of Bitcoin!

[Whited35 15285]

Hot news for all of us! Today,  Bitcoin’s realized price has been just seen as $6000 per coin which is the all-time high mark. Bitcoin's circulating supply is directing towards the smaller account holders which is the highest than ever before. It shows, more people are engaging to buy Bitcoins which is a good sign for Bitcoin's mainstream adoption trend in this world as it is clearly seen Bitcoin's demand is increasing. 

 

So, what is the "realized price" of Bitcoin?
It is a unique metric that was first invented by Coin Metrics(crypto data firm) and derived from realized capitalization(Don't get confused with market capitalization). According to Coin Metrics, it is commonly used to measure the aggregate value of the Bitcoin network by multiplying each Bitcoin by the last time it moved.

 

How realized price is calculated?
Have a look at the following simple formula.
Realized price=The realized cap÷The circulating supply

 

Have a look at the following chart from GlassNode

 

References:-

• https://decrypt.co/37883/bitcoin-all-time-high-realized-price-holders-spread-wealth
• https://studio.glassnode.com/metrics?a=BTC&m=market.PriceRealizedUsd
• https://charts.woobull.com/bitcoin-price-models/

[kyoukage01 3181]

The first time I saw this topic, I thought that BTC crashed to $6,000 but upon closer inspection this isn't the case. It is in fact something that I have no previous knowledge of.

 

Anyway, looking at the chart above, it shows that the realized price has been knocking on the doors of $6,000 for quite some time now (since around 2018). What took it so long to reach and exceed that mark? And are we going to expect a sharp upward trend in the following months?

 

[Whited35 15285]

8 minutes ago, kyoukage01 said:

Anyway, looking at the chart above, it shows that the realized price has been knocking on the doors of $6,000 for quite some time now (since around 2018). What took it so long to reach and exceed that mark? And are we going to expect a sharp upward trend in the following months?

@kyoukage01 Love to see questions like these(Quoted) 😍! Realized price of Bitcoin depends on overall increasing rate of the new investors. Yes, it is quite a long time to reach this milestone of $6000 but during this time, so many things were happened like so many countries issued a ban against cryptocurrency which has surely affected the adoption rates of BTC but now time has changed, COVID-19 has taught so many things and people started to prefer cryptocurrency transactions. Hopefully, realized price of Bitcoin will get even more this year. 

[ayatoslaw 858]

Bitcoin investors are increasing more from year to year, this metric indicates the public's interest in cryptocurrency especially Bitcoin, but it would be even more interesting if the metric also discussed Altcoins,

[BTC Future 3946]

On 8/7/2020 at 3:41 PM, Whited35 said:

Realized price=The realized cap÷The circulating supply

I will have to find what realized cap is then. It seems this metric requires study to figure out how they make it. I might look it up if I have free time. 

[Whited35 15285]

5 hours ago, ayatoslaw said:

 but it would be even more interesting if the metric also discussed Altcoins,

@ayatoslaw You know,in order to calculate realized price for a coin, it is very important to determine its realized cap. According to Coin Metrics(crypto data firm) it is determined by not including the lost coins in the circulating supplies. In case of Altcoins, most of them tend to get lost, remain unclaimed, or become useless due to bugs so this can be a reason that Crypto Data Firm is facing a hard time to discount the lost Altcoins from their circulating supply.

In case of Bitcoin, their research suggests, roughly 15% of supply is lost forever and hence they are out of circulation.Unfortunately, both these terms "Realized Price" and "Realized Cap" are not widely discussed but both of them are looking more scientific to determine real world adoption rates of cryptocurrencies.

Anyway, talking about current scenario, BTC is consolidating for days, looking like next spike is on the way. So get ready😜.

[Raqeebzy 6456]

Good topic mate. I also saw the news on Friday on my Twitter timeline. 

This actually indicates that more investors are coming in for Bitcoin and the major holders might be realising part of their investment which is suggesting a more evenly distributed investment. The realized price has always hit $6000 after about 5 years below the level. This is the decentralisation we need. More of this.

[Whited35 15285]

32 minutes ago, Raqeebzy said:

Good topic mate. I also saw the news on Friday on my Twitter timeline. 

This actually indicates that more investors are coming in for Bitcoin and the major holders might be realising part of their investment which is suggesting a more evenly distributed investment. The realized price has always hit $6000 after about 5 years below the level. This is the decentralisation we need. More of this.

@Raqeebzy Incredibly, small Bitcoin investors are increasing which is a clear sign that Bitcoin is getting more popularity. More the investors for Bitcoin, more will be its demand and price in the cryptocurrency markets.  

[Moaz 7239]

I think that the price of bitcoin in the crypto market differs from the achieved price of bitcoin according to the crypto data company Coin Metrics, and it seems to me that it is good news for Bitcoin users, and this strongly indicates the increasing demand to buy bitcoin in the recent period

[Whited35 15285]

2 hours ago, Hvstle said:

Great news for investors and distributors alike

What distributors are you referring to ? Have you understood from this topic what actually realized price of Bitcoin ? Investing in highly volatile things is too risky. Price volatility of Bitcoin is normal in the crypto world so before investing in BTC, make sure you are ready to take the risks. 

[Whited35 15285]

On 8/25/2020 at 8:46 PM, Moaz said:

I think that the price of bitcoin in the crypto market differs from the achieved price of bitcoin according to the crypto data company Coin Metrics, and it seems to me that it is good news for Bitcoin users, and this strongly indicates the increasing demand to buy bitcoin in the recent period

@Moaz High realized price of Bitcoin would suggest, so many users from all around the world are finding Bitcoin useful to hold. Circulating supply of Bitcoin is scattered to the wallets of small investors. It suggests a strong sign of increasing Bitcoin adoption rates. 

[Brushless4500KV 4214]

We are still far from reaching the old all-time-high price for bitcoin which was $20.000 back in 2017. If bitcoin rises by another $4000, it will be on par with the old record. In order to pass this level, a strong push is needed to encourage lots of investors and to convince them that even buying bitcoin at such high values can still be profitable. People don't buy anything that they believe then can't sell later.

[Flying11Horse 45]

1 hour ago, Brushless4500KV said:

We are still far from reaching the old all-time-high price for bitcoin which was $20.000 back in 2017. If bitcoin rises by another $4000, it will be on par with the old record. In order to pass this level, a strong push is needed to encourage lots of investors and to convince them that even buying bitcoin at such high values can still be profitable. People don't buy anything that they believe then can't sell later.

You are right there @Brushless4500KV if only investors understand and get convinced that it's price will reach much higher and they will gain huge profits then they will invest high amounts in Btc .The old value of BTC about 20K is still a proof to the investors that it's price can go high. 

[Rosarvx 965]

this strongly indicates the increasing demand to buy bitcoin in the recent period, Bitcoin investors are increasing that Bitcoin is getting more popularity

[Whited35 15285]

Update ! 

According to GlassNode, Bitcoin's realized marketcap has broken the reacord yesterday(On Nov 7, 2020) at $125 Billion ! It is surprising to see, $10B was added to realized marketcap in a month. Check more details here !

[Froshk 1828]

These is one of the best topics I have come across all week long!!! 

Not only have I learnt about something new, but also I appreciate the fact it's a time to be alive to witness the all-time-high!!! 

[MuhammadSh 3067]

Reaching this all-time high price is really the most important thing for bitcoin if it wants to go with a very high trend.. but i think that we are still far away from reaching it! there are still many important prices which bitcoin have to break them in order to go above 17k and it isn't easy as it sounds and i don't even think that it may happen in the near future! we should compare the chart of bitcoin during 2016-2017 with the current chart to understand how it works here.. but also the realized price of btc which you mentioned in your topic is really an important signal for all traders and we should predict anything in a few days!

[Whited35 15285]

On 11/8/2020 at 7:26 PM, saraanna396 said:

Indeed, good news, this indicator will help all traders predict the direction of the market and thus expect bitcoin to rise or fall, this indicator must be taken into account.

Actually it is the unique metric to help investors to understand how Bitcoin is adopted worldwide. 

On 11/8/2020 at 11:23 PM, MuhammadSh said:

Reaching this all-time high price is really the most important thing for bitcoin if it wants to go with a very high trend..

Make sure you have checked the update provided to this thread. Total realized price has again broken the previous record and it indicates, total number of BTC investors are increasing everyday. 

[Whited35 15285]

10 minutes ago, luis2020lemus said:

The price of bitcoin will have an even bigger rebound next year when PayPal enables crypto trading on its platform for the whole world, thus attracting more small investors, and not only that little more institutions will also want a part of those profits and they will begin to implement it little by little

Yes @luis2020lemus but in this topic, we are discussing about the realized price of Bitcoin which is different than the normal price of Bitcoin. You might check the simple formula how the total realized price of Bitcoin is calculated. Check the topic once again. 

[Whited35 15285]

Update ! 

According to report and live chart published by GlassNode , realized price of Bitcoin has just achieved another ATH and new realized price of Bitcoin is reported $7,670.15 ! It indicates, investors are increasing for Bitcoin everyday. Check the updates below.

 

[Abrar1122 10]

these all time high prices are just fast now there are a lot of milestones that Bitcoin have over took and now there is new limit of it and it is right now trading at $35000

[zagzag 320]

The Bitcoin price, which was 6,000 USD at the time the topic was created, has reached the level of 38,000 USD as of today. In almost 5 months, the Bitcoin (BTC) price has increased 6 times. Really, this is awesome. Of course, I do not know what price it will reach from now on. Because estimates are made between USD 300,000 and USD 1,000,000.

[Whited35 15285]

On 1/7/2021 at 6:11 PM, zagzag said:

The Bitcoin price, which was 6,000 USD at the time the topic was created, has reached the level of 38,000 USD as of today. In almost 5 months, the Bitcoin (BTC) price has increased 6 times. Really, this is awesome. Of course, I do not know what price it will reach from now on. Because estimates are made between USD 300,000 and USD 1,000,000.

Quite impressive to check your reply that was created almost four moths ago😁! Now, check BTC price that is advancing toward the double of $38000 USD. If you are analyzing the market's momentum with some historical data, it is already about to make the new records one after another. These all are the beauties of Bitcoin as it is becoming more powerful than before. 

[MRashid123 0]

This metric shows the public's interest in cryptocurrency, especially Bitcoin, but it would be much more fascinating if it included Altcoins.

[Whited35 15285]

12 hours ago, MRashid123 said:

This metric shows the public's interest in cryptocurrency, especially Bitcoin, but it would be much more fascinating if it included Altcoins.

It exhibits the values for Bitcoin and the major altcoins. You can guess the market's sentiments by observing the values of CFGI. There are certain values to indicate bearish and the bullish markets for the cryptocurrency markets. The data will be updated once a day to exhibit the value of the Index and you can also find the graphs made by taking references of the historical values.