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Lets Look at Bridge.BTC Distribution

cryptick1Posted for Everyone to comment on, 5 years ago4 min read

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Let's take a look at BRIDGE.BTC. About 15,000 people could buy lunch. Some a lot more!

Bridge.BTC is CryptoBridge’s version of of BitCoin. This is the most popularly traded version of Bitcoin on BitShares.

Before you dive in deep on a coin, it is good to become familiar with some basic statistics.

This coin is traded on the BitShares blockchain. So all data is all open and transparent.

The data I have referenced here, is not real current but it is from the last last couple of months.

Summary Statistics
There are 49,170 accounts that have a balance of this coin.
All of these accounts have a total value of 1,046 coins.
If you take the total number of coins 1,046 and divide it by the total number of accounts 49,170, you get 0.0213 average coins per account.

The coin BRIDGE.BTC was valued at $3,582 recently.

So if we have 1,046 coins valued at $3,582 each, that means the total market cap is $3,747,763.

With and average balance of 0.0213 coins, and a coin value of $3,582.64 the average account is worth $76.31.

Sample Data Points
To get a better feeling about the data, let's just take a few pieces of the data.
The account troglodactyl has a balance of 0.1212.
The account wesley has a balance of 0.1989.
The account delegate.educatedwarrior has a balance of 0.0972.
The account xxqw has a balance of 0.0096.
The account shadow-bummer has a balance of 0.222.

Coins are not distributed evenly.
The account with the highest balance has 27.1209.
That account is valued at $97,164.
The most common account balance is 0 and 15,090 accounts have this exact balance.
These accounts likely have a tiny amount of BTC in them, that is rounded down to zero. This tosses off some of the numbers.

Percentile Groupings
We can get a better understanding by look at distributions and USD equivalent values of this coin in various groups.
The richest 1%, 492 accounts have and average balance of $3,643.44 each.
There are 4,425 accounts with an average balance of $347.68 each.
There are 4,885 accounts with an average balance of $56.69 each.
There are 4,810 accounts with an average balance of $19.02 each.
There are 4,867 accounts with an average balance of $7.11 each.
There are 4,910 accounts with an average balance of $2.73 each.
There are 4,979 accounts with an average balance of $1.01 each.
There are 4,709 accounts with an average balance of $0.36 each.
The remaining accounts have no significant balance.

Quality
Using Cryptick's Algorithm B, this market rates better than 81% of recent markets looked at.
For Algorithm B, a higher number is better. Cryptick's Algorithm B uses a unique advanced sophisticated proprietary algorithm to quickly and concisely look inside BlockChain projects.

All of the numbers here are estimates. We all know crypto markets change fast, so you may need to do your own research. This report is provided to help bring some insight into crypto, and to help people understand the markets.

What is the trading volume of this coin?
One day there was a total volume of $803,307.08 traded on this coin.
Realistically, that number should be divided in half to $401,654.
That is an average volume of $8.17 per day per account holding the coin.

People represent a very important aspect to any project.
One way to look at the account data is to look at the number of people it potential represents.

**So basically, there are about 15,000 people who have a balance big enough to "buy a lunch." **

After one has looked at basic statistics, they can go a little further in analysis.
What surprised you the most about these numbers?
Is this what you expected?

Comment below.

Doing Your Own Research is Very Important in Crypto.
Links:
https://wallet.bitshares.org/#/market/BRIDGE.BTC_BTS
https://wallet.bitshares.org/#/market/BRIDGE.BTC_CNY
https://wallet.crypto-bridge.org/
https://bitsharescan.com/
http://cryptofresh.com/assets
https://wallet.bitshares.org/#/explorer/blocks

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