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Bitcoin => Bitcoin Discussion => Topic started by: SquirrelJulietGarden on November 22, 2023, 11:29:36 AM



Title: They accumulate bitcoin but how about you?
Post by: SquirrelJulietGarden on November 22, 2023, 11:29:36 AM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Before consider DCA and apply it, let's discover big Bitcoin investors.

https://pbs.twimg.com/media/F_g3f6AWMAAD6Km?format=jpg&name=900x900 (https://twitter.com/dustinwatchman/status/1727191485983203753)
https://i.ibb.co/pnTvSpY/BTCDistribution.jpg (https://ibb.co/0QLjx3H)

Above are graphics and you can get details with two websites for Bitcoin Treasuries
https://bitcointreasuries.net/
https://buybitcoinworldwide.com/treasuries/

Before following them, you must have knowledge to build up your belief in Bitcoin and start investing with DCA. I introduce to you a good one to read.
The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1)

https://dcabtc.com/
https://costavg.com/

Use those websites to estimate results of your DCA.


Title: Re: They accumulate bitcoin but how about you?
Post by: Aanuoluwatofunmi on November 22, 2023, 11:42:53 AM
There's no law that is restricting any investors from making bitcoin accumulation as long as they can afford to do so, these whales we are seing already have the coins over a long period of time, yet they keep on holding while some were privileged to use their financial support to acquire that much and hold as well, bitcoi comes with an equal opportunity for everyone, if you think it's unfair for only this set of people to be the whales then why not join or support them through, everyone has equal opportunities and they are making Investment with the little they had.


Title: Re: They accumulate bitcoin but how about you?
Post by: Husires on November 22, 2023, 12:02:08 PM
Assuming that this list is accurate, this means that they own less than 3 million Bitcoins, and this is much less than the number of Bitcoins currently in existence. some of the Bitcoins that are assumed to have been lost are not so, so this information cannot be confirmed assuming that the currencies have not moved since they were mined, and individuals with ordinary computers can They have mined thousands of bitcoins.
In the coming years, collecting 1 Bitcoin may be difficult, so try not to sell as long as you have the option.


Title: Re: They accumulate bitcoin but how about you?
Post by: kingvirtus09 on November 22, 2023, 12:39:20 PM
I can't even imagine that besides Binance, there are others that have more holdings of bitcoin, but it turns out that Binance actually has the most holdings, then Grayscale is next. But I was wondering why Blackrock is on this?

Then the Robinhood exchange also holds more bitcoins than Kucoin, Gate.io, Bitget, Bybit, and others that are on the top exchange in the market as well. This is just proof that bitcoin is still a big attraction in terms of long-term investment.


Title: Re: They accumulate bitcoin but how about you?
Post by: bitterguy28 on November 22, 2023, 12:42:31 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.
they are not just smart but also risk taker , aside from Satoshi those listed Company/Person trusted Bitcoin when it is almost nothing , (well they only risk small amount lucky that they have learn this when the value is just Cents)
Quote
You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.
Well nowadays DCA is the best strategy to use as this is safer than just speculations.
Quote
Before consider DCA and apply it, let's discover big Bitcoin investors.

Before following them, you must have knowledge to build up your belief in Bitcoin and start investing with DCA. I introduce to you a good one to read.
The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1)

https://dcabtc.com/
https://costavg.com/

Use those websites to estimate results of your DCA.
Thank you for the links mate , now I will have something to look at as I am planning to extend more of my investment in the future.


Title: Re: They accumulate bitcoin but how about you?
Post by: n00ber on November 22, 2023, 01:10:46 PM
But I was wondering why Blackrock is on this?



As I see it, they not only want to participate in this market but also want to control this market. No one refuses money and with bitcoin's potential, it is only a matter of time before Blackrock or many large investment funds join the market. So, I think we should take advantage of the time to accumulate bitcoins instead of spending time arguing and criticizing others, to prove ourselves right, but the most important thing is that we don't own many bitcoins.


Title: Re: They accumulate bitcoin but how about you?
Post by: Zaguru12 on November 22, 2023, 01:11:06 PM
I can't even imagine that besides Binance, there are others that have more holdings of bitcoin, but it turns out that Binance actually has the most holdings, then Grayscale is next. But I was wondering why Blackrock is on this?

Then the Robinhood exchange also holds more bitcoins than Kucoin, Gate.io, Bitget, Bybit, and others that are on the top exchange in the market as well. This is just proof that bitcoin is still a big attraction in terms of long-term investment.

One thing you need to know is that most of all this institutions or exchanges you see that have high number of bitcoin in their holdings than this days top exchanges are because they were once the big exchanges until they had to either stop service or got hacked but since the bitcoin associated with them are still on the addresses unmoved That’s why they are on that list. Example is MtGotx and also bitfinix which have been long in the game than those you listed above but due to some of the reason stated above or policy issue many do not use them again.

they are not just smart but also risk taker , aside from Satoshi those listed Company/Person trusted Bitcoin when it is almost nothing , (well they only risk small amount lucky that they have learn this when the value is just Cents)

Not all of them actually believed in bitcoin from the start an example is Michael Saylor who was actually a big critic of bitcoin at first but later realized the potential. Some of these institutions had large funds to invest and when they realized they cash in big. Which I think should be one of the top priority of been a bitcoin holder. Have an outside funds where you turn to in case of emergency crises as this will aid you into been a long bitcoin holder


Title: Re: They accumulate bitcoin but how about you?
Post by: Natalim on November 22, 2023, 01:48:04 PM

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Many individuals wish to follow in the footsteps of these people, companies, and entities but sadly, they don't have the capability to do it. It means that even if we like it but without financial capabilities, investing in Bitcoin seems not to be the first priority.

Though I encourage people to look at the positive view of Bitcoin and make a decision to invest but still remind them that only invest the amount that we can afford. I don't mention the amount we lose as it is because Investing in Bitcoin is truly profitable if managed well, so I don't think there is a reason to lose our money if we want to earn.


Title: Re: They accumulate bitcoin but how about you?
Post by: bittraffic on November 22, 2023, 01:52:09 PM
I can't even imagine that besides Binance, there are others that have more holdings of bitcoin, but it turns out that Binance actually has the most holdings, then Grayscale is next. But I was wondering why Blackrock is on this?

Then the Robinhood exchange also holds more bitcoins than Kucoin, Gate.io, Bitget, Bybit, and others that are on the top exchange in the market as well. This is just proof that bitcoin is still a big attraction in terms of long-term investment.

One thing you need to know is that most of all this institutions or exchanges you see that have high number of bitcoin in their holdings than this days top exchanges are because they were once the big exchanges until they had to either stop service or got hacked but since the bitcoin associated with them are still on the addresses unmoved That’s why they are on that list. Example is MtGotx and also bitfinix which have been long in the game than those you listed above but due to some of the reason stated above or policy issue many do not use them again.

they are not just smart but also risk taker , aside from Satoshi those listed Company/Person trusted Bitcoin when it is almost nothing , (well they only risk small amount lucky that they have learn this when the value is just Cents)
Quote

Not all of them actually believed in bitcoin from the start an example is Michael Saylor who was actually a big critic of bitcoin at first but later realized the potential. Some of these institutions had large funds to invest and when they realized they cash in big. Which I think should be one of the top priority of been a bitcoin holder. Have an outside funds where you turn to in case of emergency crises as this will aid you into been a long bitcoin holder

Blackrock basically owns Coinbase and Robinhood so whatever those exchanges have means BlackRock owns it. In the bitcointreasuries among the top ones, it's coinbase, not binance. Binance came in late. But there is a group of institutions that own Coinbase which includes Vanguard and ARkinvest.  So they have been buying BTC long before there were even regulations through Coibase.

Anyone with some funds today should be buying too even just fractions of BTC every time they get they payday cash.


Title: Re: They accumulate bitcoin but how about you?
Post by: bluebit25 on November 22, 2023, 02:08:10 PM
Anyone who realizes the potential of Bitcoin will naturally find more opportunities to keep it. Not only the organizations the OP mentioned here, but I believe many anonymous organizations that cannot be counted are also accumulating bitcoins. If these organizations do not appear, there will be others, and I believe that is the journey where bitcoin becomes widely accepted when it is easy for us to own bitcoin. And honestly, I still have to look back at our behavior, when we all see a good product, balancing our current lives to be able to share good opportunities from bitcoin also requires a process of adaptation. I'm not sure who influenced it, but I'm really grateful to this market for providing the opportunity.



Title: Re: They accumulate bitcoin but how about you?
Post by: bitLeap on November 22, 2023, 02:17:19 PM
We don't need to immediately follow their way of investing because our brand portion is clearly very different. Therefore, create a DCA method that you can do. Does it make more sense if we have our own way of managing investments in Bitcoin? The big institutions above are on a different level so if you focus on their methods, we will experience difficulties in the process. Unless you are a billionaire who is able to follow the ideal investment pattern with an adequate budget.


Title: Re: They accumulate bitcoin but how about you?
Post by: Rruchi man on November 22, 2023, 02:18:36 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago.
The are opportunist, and were lucky enough to have the information on time and acted on it, not like they all were so smart, smarter than all of us who are hodlers now. Some of us would have had more than we have now if we were lucky to have had the information on time on the benefits of bitcoin. As an individual, I try to focus on what I have and how to achieve my goals than looking at what others have which can make you to start making comparison which does not help.


Title: Re: They accumulate bitcoin but how about you?
Post by: PrivacyG on November 22, 2023, 02:22:47 PM
Make a tier top list of the real investors.  Not Exchanges and Satoshi who may not even be alive any more today.

The only investors on your list is I believe Micro Strategy and the Chinese Government.  China probably does seize Cryptocurrency too.  But I think over 70 percent of the Cryptocurrency the United States Government holds are seized assets while I did hear about China purchasing Bitcoin before out of their own initiative.

Unfortunately 99.9 percent of Bitcoin Talk members can not afford what this top list you show can.  Who in the world can buy SO much Bitcoin?  Too few to be a realistic goal.

But we should accumulate.  I agree.  It is never late.


Title: Re: They accumulate bitcoin but how about you?
Post by: Lucius on November 22, 2023, 02:34:24 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.
You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.
Before consider DCA and apply it, let's discover big Bitcoin investors.


That list doesn't make sense at all because we can't compare someone who invented Bitcoin and was the first to mine with the aim of starting Bitcoin, with CEXs who actually keep their clients coins and connect it all to DCA. Besides, no one has ever proven how much BTC Satoshi actually mined.

Furthermore, should we consider it smart that some individuals and companies accumulate large amounts of BTC just for the reason that they would profit from it without ever using that same BTC for what it actually exists for? Maybe we should ask ourselves what will happen when some of them start dumping hundreds of thousands of BTC - will people still admire them?


Title: Re: They accumulate bitcoin but how about you?
Post by: stadus on November 22, 2023, 02:41:13 PM
The smartest group in that list is the TEAM USA, they don't need to risk money to buy bitcoin, they just confiscate bitcoins and now they at the top 10.

They work smart not hard. LOL

Personally, I accumulate bitcoin, as in continuesly accumulating, but Im not as smart as them.. and I don't mind not getting in the list, as long as I owned bitcoin for my future, who knows, what if bitcoin could price at $1 million a piece, that would mean a fortune for me.


Title: Re: They accumulate bitcoin but how about you?
Post by: Don Pedro Dinero on November 22, 2023, 02:49:13 PM
Well, As for me, I accumulate as much as I can and I also plan to sell partially in the bull market, although the plan is to have more and more bitcoin in the long term. What these institutions do tells me little, and those attributed to Satoshi, which are not all clearly his and are probably 'donated' to the rest of the holders, to paraphrase him, should not be on that list in my opinion.


Title: Re: They accumulate bitcoin but how about you?
Post by: Sim_card on November 22, 2023, 02:58:35 PM
These shows that these institutions and companies understands the potential of bitcoin and they believe in bitcoin. This was why they could buy this huge amount of bitcoin and still hodli till date. Bitcoin is worth taken the risk to invest in and hodli because it is an asset that will more valuable in future than the other asset, and might even become a safe haven asset. This is why if you haven't invested yet, you should start now and buy regular with DCA to increase your investment portfolio. Hodli is what make you more comfortable with your bitcoin investment if you can have the patient and lower the risk with buying frequently, either weekly or monthly.


Title: Re: They accumulate bitcoin but how about you?
Post by: BlackHatCoiner on November 22, 2023, 03:09:20 PM
- There is no evidence of Satoshi ever owning more than a couple of bitcoin, let alone 1.1 million. (there isn't even evidence of Satoshi being alive)
- I cannot find evidence of Binance being valuated at 643k BTC. I do remember their cold storage address, but that contained less than 300k BTC.

The only investors on your list is I believe Micro Strategy and the Chinese Government.  China probably does seize Cryptocurrency too.  But I think over 70 percent of the Cryptocurrency the United States Government holds are seized assets while I did hear about China purchasing Bitcoin before out of their own initiative.
I'm struggling to imagine how these government holdings are worked out, because most of the time when they seize coins they sell them afterwards.


Title: Re: They accumulate bitcoin but how about you?
Post by: CryptoHeadlineNews on November 22, 2023, 03:12:59 PM
https://pbs.twimg.com/media/F_g3f6AWMAAD6Km?format=jpg&name=900x900 (https://twitter.com/dustinwatchman/status/1727191485983203753)
These people are not just smart, but are set of individuals who were opportuned into the Bicoin project and yet believed in it when nobody saw its value and kept holding, and as such they deserves being on the list of highest holders of Bitcoin in reserve, since I'm sure most could have bought when it's price value was significantly low, and yet kept on accumulating more and more.
But my biggest problem now is, if the CEO of Binance finally happens to pay his charge which he pleaded guilty yesterday by the U.S Justice department of over $4 billion (i.e approx 109,589 BTC), his position as the 2nd highest Bitcoin holder in the world will be move over to "Grayscale" (i.e if 109,589 BTC is been subtracted from the current Binance holding of 643,546 BTC)

While the U.S Government will be having 207,189 + 109,589 = 316,778 BTC


Title: Re: They accumulate bitcoin but how about you?
Post by: Lorence.xD on November 22, 2023, 03:18:50 PM

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Many individuals wish to follow in the footsteps of these people, companies, and entities but sadly, they don't have the capability to do it. It means that even if we like it but without financial capabilities, investing in Bitcoin seems not to be the first priority.

Though I encourage people to look at the positive view of Bitcoin and make a decision to invest but still remind them that only invest the amount that we can afford. I don't mention the amount we lose as it is because Investing in Bitcoin is truly profitable if managed well, so I don't think there is a reason to lose our money if we want to earn.

It's actually alright to not rush yourself if you cannot really accumulate in your current situation for example in your financial status, if you still cannot afford to invest due to your money is just enough to provide your essential needs. We know that this kind of topic and thread is to motivate people to invest in Bitcoin, knowing their potential, but I hope some wouldn't be pressured with some words like "you might be late to invest in BTC". There are no latecomers, it is just that you can profit hugely if you started earlier as Bitcoin is increasing its value and reaching its new ATH. Just don't use the money you can't afford to lose in investing in Bitcoin, or even worse taking a loan due to FOMO. Though you can hold it might take a lot of time for Bitcoin to increase which can worsen your situation for paying up your loan with high interest. Invest with yourself first with knowledge and skills if you don't have the funds yet.


Title: Re: They accumulate bitcoin but how about you?
Post by: m2017 on November 22, 2023, 04:00:56 PM
~snip
It is completely incorrect to compare the accumulated bitcoins of corporations and governments with individual people. In the current reality, it is completely impossible to accumulate hundreds of thousands (in fact, even a few) bitcoin for most people, with the exception of the very early investors (who bought hundreds and even thousands bitcoin a very long time ago).

What I noticed most in the picture above is that some firms (Binance and Grayscale) own much more bitcoins than entire states (Chinese or US government), which makes them much more influential in this area. This is not at all surprising when in our time corporations have become more influential than countries; in a sense, these corporations are already surrogates for countries with no less influence.

Ordinary people have no choice but to accumulate bitcoin satoshi (hundreds of thousands). It's still possible for now.


Title: Re: They accumulate bitcoin but how about you?
Post by: Die_empty on November 22, 2023, 04:22:08 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Before consider DCA and apply it, let's discover big Bitcoin investors.
I thought Mt. Gox was an exchange that was hacked and the funds were recovered and put under a trustee Nobuaki Kobayashi. The funds belong to the victims so we cannot generalize that the exchange is a smart holder of Bitcoin. The only reason why the funds are is still available today is that it was recovered and waiting to be disbursed to Mt Gox customers.
The picture in the original post is Dorian Nakamoto and not Satoshi Nakamoto.

It's alright to not rush yourself if you cannot really accumulate in your current situation for example in your financial status, if you still cannot afford to invest due to your money is just enough to provide your essential needs. We know that this kind of topic and thread is to motivate people to invest in Bitcoin, knowing their potential, but I hope some wouldn't be pressured with some words like "you might be late to invest in BTC". There are no latecomers, it is just that you can profit hugely if you started earlier as Bitcoin is increasing its value and reaching its new ATH. Just don't use the money you can't afford to lose in investing in Bitcoin, or even worse taking a loan due to FOMO. Though you can hold it might take a lot of time for Bitcoin to increase which can worsen your situation for paying up your loan with high interest. Invest with yourself first with knowledge and skills if you don't have the funds yet.
Providing your essential needs is more important than investing because you have to be alive to invest. But sometimes investing comes with determination and sacrifice. Bitcoin can be bought in bits so low-income earners could invest by applying DCA. There is no convenient time to invest because there will always be needs to meet. So instead of keeping money in bank accounts buying Bitcoin gradually would be a good option.  Bitcoin is a volatile asset so taking a loan to invest in the coin is highly risky and should never be the case. Sometimes you have to wait for about four years to make profit from Bitcoin and the interest from the loan will be greater than the profit from investment.


Title: Re: They accumulate bitcoin but how about you?
Post by: Timbulance on November 22, 2023, 05:04:05 PM
Well, As for me, I accumulate as much as I can and I also plan to sell partially in the bull market, although the plan is to have more and more bitcoin in the long term. What these institutions do tells me little, and those attributed to Satoshi, which are not all clearly his and are probably 'donated' to the rest of the holders, to paraphrase him, should not be on that list in my opinion.

I’m trying to accumulate as much BTC as possible right now before the halving.


Title: Re: They accumulate bitcoin but how about you?
Post by: JunaidAzizi on November 22, 2023, 05:21:19 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins..
At the beginning of Bitcoin, some of the luckiest people bought Bitcoin at a very low price. But after that some people got fear of loss because of misguideness they decided to sell their BTC and did it, some of them bought Bitcoin and saved it in their wallet just to hold it for a long period and unfortunately they lost their wallet access and they will regret to the whole life. But in these, some save Bitcoin and save their wallet access too because they know the potential of Bitcoin that one day it will go to a very big price and now one can buy it and the interesting thing is that they bought a lot of Bitcoin not 2 or 100 but in thousands. These people took risks at that time and now they are happy. We call them whales now and they are the ones who change the market scenario by moving it up and down in it's prices.


Title: Re: They accumulate bitcoin but how about you?
Post by: JoyMarsha on November 22, 2023, 05:37:29 PM
I believe the US and Chinese governments got most of their bitcoin holdings from confiscation of bitcoin from their citizen who got bitcoin unlawfully or scamming others while the rest entities would have gotten bitcoin at its early stage for them to have such a huge amount of bitcoin in their custody.

Comparing the amount of Bitcoin owned by each of them with today's Bitcoin price is a whole lot of money. I am just imagining when any of them decides to sell theirs, the effect it will have on the crypto market. I believe that one day they will.

I don't think this is what we should be happy about because I am looking at the future when any of them decides to sell all of their bitcoin holdings when it reach $1 million or more. None of them would hodl their bitcoin forever, in my opinion.


Title: Re: They accumulate bitcoin but how about you?
Post by: KiaKia on November 22, 2023, 05:41:06 PM
That information is not accurate, maybe old? Because there are few more companies that are not Bitcoin holders, why isn't Black Rock on the list? I guess its because the information is old, anyways, the combined number of Bitcoin is 21 million and only 3 million is with these people or company, damn, there are lots of Bitcoin still available to go, but I stand with my point, this data is inaccurate.

If you are reading this right now and you are feeling like you missing out because you don't have the capability do not kill yourself, there is nothing to be on rush about, find a source of income or if you have money that you can spare for few years, use it to buy the  Bitcoin that's within your limit, these companies are multi million dollars company, they have the money to easily accumulate Bitcoin, do not feel left out and do not turn criminal because you want to buy Bitcoin, you will still make profit with whatever amount you invest.


Title: Re: They accumulate bitcoin but how about you?
Post by: Antotena on November 22, 2023, 05:50:35 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.

I use to be angry anytime I see people have early access to bitcoin but ager carefully thinking it through, I don't blame myself for that incompetency. Probably I wasn't meant to be there but now that I'm here, I will continue to keep the one I can for the time because I don't think anyone like me will have such opportunities ever again.

However, if you have money to spend, it's very easy to get those numbers. An OTC transaction will give you the numbers of that bitcoin.

Quote
You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Before consider DCA and apply it, let's discover big Bitcoin investors.

https://pbs.twimg.com/media/F_g3f6AWMAAD6Km?format=jpg&name=900x900 (https://twitter.com/dustinwatchman/status/1727191485983203753)
https://i.ibb.co/pnTvSpY/BTCDistribution.jpg (https://ibb.co/0QLjx3H)

Above are graphics and you can get details with two websites for Bitcoin Treasuries.

I thought it has been discussed many times that Satoshi night not even be alive or perhaps that bitcoin will remain untouched forever because it's been long Satoshi left the bitcoin forum(the old bitcoin forum) and CZ is currently been investigated, what is the probability that he will be able to move this coins soon.

Hopefully, one day we get to see bitcoin in high price and I want to see what this people will do with their bitcoin in the future, the liquidity we need right now for them to spend all these bitcoin will have to be 4X of the current market.


Title: Re: They accumulate bitcoin but how about you?
Post by: alani123 on November 22, 2023, 05:59:55 PM
Governments generally don't accumulate BTC for investment purposes, they just auction them whenever possible after they acquire them. And many of the entities in the OP hold BTC only for custodial purposes. Grayscale's real BTC stash is much smaller, maybe to the tune of a few tens of thousands from fees accumulated from their GBTC instrument. But bear in mind that DGC who owns GBTC is also indebted through a bankruptcy case because they lost a lot of BTC that they lent out to irresponsible traders such as FTX's "Alameda Research" and Three arrows capital.

And Robin Hood holds BTC on behalf of people. They too charge fees but their real self-holdings aren't to the tune of 100k BTC.


Title: Re: They accumulate bitcoin but how about you?
Post by: leonair on November 22, 2023, 06:02:15 PM
There's no law that is restricting any investors from making bitcoin accumulation as long as they can afford to do so, these whales we are seing already have the coins over a long period of time, yet they keep on holding while some were privileged to use their financial support to acquire that much and hold as well, bitcoi comes with an equal opportunity for everyone, if you think it's unfair for only this set of people to be the whales then why not join or support them through, everyone has equal opportunities and they are making Investment with the little they had.
Yes a person can accumulate as many bitcoins as they want.  And you can do it completely secretly.  Because it is possible to track how many bitcoins are in a wallet but it is never possible to track who is using which bitcoin wallet.  However, the ones mentioned by the op are the official websites of various centralized exchanges, there are no private bitcoins of those exchanges.  Those bitcoins belong to different users. Everyone who can think about the future of Bitcoin wants to save Bitcoin.  Because its future is very bright


Title: Re: They accumulate bitcoin but how about you?
Post by: Abu-Naim on November 22, 2023, 06:07:20 PM
Apart from Satoshi Nakamoto that hold 1.1M BTC according to the list you provided in the OP, most of the other holders are either exchanges that are into bitcoin and crypto business, and government that invested that high amount of money to save their country's economy because they realize the potential in bitcoin and they invested in order to gain for their business and their country.

It will be difficult for a single individual to hold such huge amount of bitcoin, that is no single person's name is listed in the list because it will be very difficult for a single person to hold big amount of bitcoin; although there are people that are holding bitcoin because they are business persons and are saving their funds in bitcoin, and probably, some of them accumulate their bitcoin through DCA method.

Individually as late bitcoiners, I think DCA method is the best for us to keep accumulating the little fractions of bitcoin we can afford.


Title: Re: They accumulate bitcoin but how about you?
Post by: Promocodeudo on November 22, 2023, 06:13:43 PM
With this kind of record in existence, there is much hope for Bitcoiners, for such institutions to hold such an amount of Bitcoin till this moment, without shaking, what are we waiting for, I think what we should be doing as individuals now is to do out best to roll out the investment plan that fits out income rate, we must not accumulate much now but in time coming little by little we will go far, what I saw here today has encouraged me more and more, it means that we do more to have our own investment in bitcoin, even though those Bitcoin I saw is been one by people, I come to a conclusion that there something to this bitcoin that is yet to be discovered. 


Title: Re: They accumulate bitcoin but how about you?
Post by: salad daging on November 22, 2023, 06:22:34 PM
Many individuals wish to follow in the footsteps of these people, companies, and entities but sadly, they don't have the capability to do it. It means that even if we like it but without financial capabilities, investing in Bitcoin seems not to be the first priority.

Though I encourage people to look at the positive view of Bitcoin and make a decision to invest but still remind them that only invest the amount that we can afford. I don't mention the amount we lose as it is because Investing in Bitcoin is truly profitable if managed well, so I don't think there is a reason to lose our money if we want to earn.
We are just dust when compared to other companies or exchanges because it is clearly not comparable, as for the government holding BTC is it buying or confiscating from some platforms or other criminal acts? It's clear they did that and the government is always entitled to its ownership.

I myself even continue to encourage investment and continue to accumulate BTC as much as possible to spend, it is according to our abilities but over time with a long time surely the bitcoin that is owned will be more, at least by reaching 1 BTC alone it has become the hope of many people for the middle to lower class.


Title: Re: They accumulate bitcoin but how about you?
Post by: ZAINmalik75 on November 22, 2023, 08:05:50 PM
There's no law that is restricting any investors from making bitcoin accumulation as long as they can afford to do so, these whales we are seing already have the coins over a long period of time,
Op did not mean to say these companies or platforms have permission to accumulate BTC only instead OP was trying to motivate us by providing some facts and numbers about the top 10 BTC holders and how much BTC do the new ETF companies have and if they can accumulate these BTC over a long period of time we can also do that on our own.

And we should accumulate BTC but it's a self-choice of everyone, some prefer to do trading some prefer to do holding it all depends on the targets of every person.

Accumulation does have better results than doing trading in the long run because in trading we don't only make profits as there are losses too. So, overall average profits can exceed in holding if compared with trading average profits. Because BTC has proven to be a long-term asset with good ROI.


Title: Re: They accumulate bitcoin but how about you?
Post by: sulendra12 on November 22, 2023, 08:26:01 PM
I mean people have different capability about what they can afford and if you really compare us with the big company based on that picture and then I don't know what to say. Maybe in the background, most of us are collecting Bitcoin but with the small amount. I don't really like being generalized if being compared with big tech company like this. It doesn't boost your motivation.


Title: Re: They accumulate bitcoin but how about you?
Post by: Onyeeze on November 22, 2023, 08:29:44 PM
This is people that have the insight of value of bitcoin, forget about satoshi because he already knew that bitcoin will become something of interest of people, so I believe that any other person that store large amounts of bitcoin still have such mindset of satoshi to accumulate their bitcoin, assuming I had money that can get thirty or twenty bitcoin now I will use the money to accumulate bitcoin for myself knowing that if bitcoin keep staying long that will how it appreciations in value will continue, people that overlooked bitcoin and refuse to accumulate bitcoin or value bitcoin is countries even states in a country supposed to invest in bitcoin so that when inflation comes they can have something that help them to recover from inflation


Title: Re: They accumulate bitcoin but how about you?
Post by: serjent05 on November 22, 2023, 08:54:15 PM

In the coming years, collecting 1 Bitcoin may be difficult, so try not to sell as long as you have the option.

We do not have to wait for years, collecting 1 Bitcoin for an ordinary Joe is difficult even now.  The price of BTC is really high @$36k+ and that is worth a million in my currency.  The ordinary wage of a minimum earner in my country is around $11 a day, so just imagine how long it will take for an ordinary employee to buy the whole Bitcoin that costs around $36k+.

So I think it is good to start DCA-ing now to shorten the time to accumulate 1 BTC regardless of ow much we earn, because the price of Bitcoin might double in the near future, once it enters the bullish market and starts to surge.


Title: Re: They accumulate bitcoin but how about you?
Post by: Rengga Jati on November 22, 2023, 09:23:58 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.
There are also many smart people here who are aware of the importance and value of investing in Bitcoin. But in reality, you still can't do it. Not because you don't want to, but because you don't have the money to invest. So, this will also depend on a person's financial condition. We don't need to compare it with these whales. because even wanting to use it as motivation is too high.

For me, investing in Bitcoin is one of the things that is very valuable and I have always wanted to do. It's not much, but at least I can do it little by little. it doesn't need to be too much or beyond our financial capabilities. remain guided by financial capabilities so that whatever happens, we can still handle the risks. Cheers to the small investors who are really struggling.


Title: Re: They accumulate bitcoin but how about you?
Post by: PrivacyG on November 22, 2023, 09:36:37 PM
But my biggest problem now is, if the CEO of Binance finally happens to pay his charge which he pleaded guilty yesterday by the U.S Justice department of over $4 billion (i.e approx 109,589 BTC), his position as the 2nd highest Bitcoin holder in the world will be move over to "Grayscale" (i.e if 109,589 BTC is been subtracted from the current Binance holding of 643,546 BTC)

While the U.S Government will be having 207,189 + 109,589 = 316,778 BTC
Will CZ pay his charge in Bitcoin?  It would be a World first such thing.  Otherwise The United States will only continue to hold on to their Bitcoin holdings or sell them while CZ has to SELL Bitcoin to pay his charges in Dollars.  Which is a hit in the stomach for Bitcoin.  Temporarily.

-----

I'm struggling to imagine how these government holdings are worked out, because most of the time when they seize coins they sell them afterwards.
I am wondering how they are worked out too.  There was only one country I heard of which was actively purchasing Bitcoin or holding on to the seized Coins.  It was Croatia I believe.


Title: Re: They accumulate bitcoin but how about you?
Post by: Silberman on November 22, 2023, 09:42:06 PM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.
There are also many smart people here who are aware of the importance and value of investing in Bitcoin. But in reality, you still can't do it. Not because you don't want to, but because you don't have the money to invest. So, this will also depend on a person's financial condition. We don't need to compare it with these whales. because even wanting to use it as motivation is too high.

For me, investing in Bitcoin is one of the things that is very valuable and I have always wanted to do. It's not much, but at least I can do it little by little. it doesn't need to be too much or beyond our financial capabilities. remain guided by financial capabilities so that whatever happens, we can still handle the risks. Cheers to the small investors who are really struggling.
At the end this is what matters, none of us can compare to those top 10 holders as nine of them are companies and the one at the top is the creator of bitcoin itself, however as long as we can invest in bitcoin some money each week or month then we are doing great already, since the value of bitcoin over the next years and decades will keep going up, and our small investment today one day will be big enough to make a positive impact in our lives.


Title: Re: They accumulate bitcoin but how about you?
Post by: panganib999 on November 22, 2023, 09:55:33 PM
Well of course the most sensible approach is to accumulate and save as much crypto as you can while it's still this cheap. I've been collecting as much crypto myself cause I know for sure sooner or later we're going to hit another milestone when the bull run arrives. Rather be an early bird and carry all the risks that come with trusting the market this early, than let yourself become a follower out of your fear of losing money and be late to the party.

To those of you who are still a little hesitant about investing in cryptocurrencies, and are able to practically invest in it given the circumstances of your finances, Here's what I have to say: One way or another, you're going to lose your money. So would you rather lose it without ever seeing anything come from the money you worked so hard for, or would you finally take charge and start learning about how you could invest and make money work for you. Doesn't even have to be crypto at this point, just you outright learning about investing.


Title: Re: They accumulate bitcoin but how about you?
Post by: Baofeng on November 22, 2023, 10:02:47 PM

In the coming years, collecting 1 Bitcoin may be difficult, so try not to sell as long as you have the option.

We do not have to wait for years, collecting 1 Bitcoin for an ordinary Joe is difficult even now.  The price of BTC is really high @$36k+ and that is worth a million in my currency.  The ordinary wage of a minimum earner in my country is around $11 a day, so just imagine how long it will take for an ordinary employee to buy the whole Bitcoin that costs around $36k+.

Yes, for the majority of us, it's really hard to accumulate 1 BTC in our wallet, it will take a lot of time and mental toughness to slowly save that amount. But it doesn't mean that we can't go on and accumulate in our own terms.

It might not be thru DCA, but there could be methods like just buying when we have the money. Or maybe like half of our Christmas bonus will be on Bitcoin investment. As long as we have this in mind, and look for the long term, then maybe 0.25 BTC is already huge for us.

And if there is one website that might inspire us,

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

At least we will see where we are in terms of statistics and then have a goal to reach the next numbers.


Title: Re: They accumulate bitcoin but how about you?
Post by: GbitG on November 22, 2023, 10:35:13 PM
This is just proof that bitcoin is still a big attraction in terms of long-term investment.
Yes, you are absolutely right that this is evidence that Bitcoin has attracted the eyes of the world to long-term investment. Apart from these exchanges, the big institutional ones have also broken into Bitcoin for long-term investment. Earlier, most of Bitcoin's capital was held by whales, but now exchanges, companies, and institutions have also held a large share. And that is a very interesting reason why Bitcoin is held by major exchanges and institutions from a long-term perspective. Which is positive feedback for the future and for Bitcoin, for the adoption of Bitcoin all over the world.
 

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging
Obviously, everybody knows that buying bitcoin with DCA is a good strategy. Because DCA provides more benefits than other methods, DCA reduces your risk and gives you a better opportunity to take an entry in Bitcoin or other cryptocurrency.
Personality: I also used the DCA strategy to take an entry into the market, which is Bitcoin or another cryptocurrency.

I mean to say that DCA is a far better strategy than others and also has a greater advantage for long-term investors.


Title: Re: They accumulate bitcoin but how about you?
Post by: jeraldskie11 on November 22, 2023, 10:48:40 PM

In the coming years, collecting 1 Bitcoin may be difficult, so try not to sell as long as you have the option.

We do not have to wait for years, collecting 1 Bitcoin for an ordinary Joe is difficult even now.  The price of BTC is really high @$36k+ and that is worth a million in my currency.  The ordinary wage of a minimum earner in my country is around $11 a day, so just imagine how long it will take for an ordinary employee to buy the whole Bitcoin that costs around $36k+.

Yes, for the majority of us, it's really hard to accumulate 1 BTC in our wallet, it will take a lot of time and mental toughness to slowly save that amount. But it doesn't mean that we can't go on and accumulate in our own terms.

It might not be thru DCA, but there could be methods like just buying when we have the money. Or maybe like half of our Christmas bonus will be on Bitcoin investment. As long as we have this in mind, and look for the long term, then maybe 0.25 BTC is already huge for us.

And if there is one website that might inspire us,

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

At least we will see where we are in terms of statistics and then have a goal to reach the next numbers.
Even 0.1 is a significant amount for me in terms of Bitcoin accumulation. It's never been easy to accumulate Bitcoin, especially when our money is sufficient for our everyday necessities. That is why, if we believe in Bitcoin, we can invest in it even if we do not have a large salary. Another way to earn 1 Bitcoin quickly is to accumulate other coins, coins that are highly legit and promising with a high market cap, because this coin has the potential to increase by 100% or more. So, if we have 0.1 Bitcoin, we can double it or more by investing it in other currency. I will convert to Btc as soon as it is worth 1 Btc.


Title: Re: They accumulate bitcoin but how about you?
Post by: taufik123 on November 22, 2023, 10:52:40 PM
Yes, you are absolutely right that this is evidence that Bitcoin has attracted the eyes of the world to long-term investment. Apart from these exchanges, the big institutional ones have also broken into Bitcoin for long-term investment. Earlier, most of Bitcoin's capital was held by whales, but now exchanges, companies, and institutions have also held a large share. And that is a very interesting reason why Bitcoin is held by major exchanges and institutions from a long-term perspective. Which is positive feedback for the future and for Bitcoin, for the adoption of Bitcoin all over the world.
But as centralized exchanges increasingly own more Bitcoin than they hold, this could be a government tool to regulate Bitcoin and the crypto market.
Just look at how the US regulates Binance and in the end has to change CEO and has to reimburse quite a lot of fines.

Companies and some other institutions are bound to get shadows from local governments about their Bitcoin holdings.
But it is different if an individual has a lot of Bitcoin, and they will not know their identity.

Despite all that, Bitcoin is a good investment for the long term.
Companies and agencies are competing with each other to own a lot of Bitcoin, and that will give them huge profits.
But the concern and risk is the hacking event that might happen, bad things that continue to lurk Bitcoin holders.
 


Title: Re: They accumulate bitcoin but how about you?
Post by: romero121 on November 22, 2023, 11:47:50 PM
All that mentioned in the list weren't common people. They're already established business owners and for them it is not a big deal to accumulate as many bitcoin.It is not perfect to make a comparison with a common man with the person like Satoshi or with Microstrategy. Dollar cost average helps in accumulation and own bitcoin at the best price. Here we'll be able to make based on our capital ability and so to reach those numbers isn't an easy thing.


Title: Re: They accumulate bitcoin but how about you?
Post by: livingfree on November 22, 2023, 11:51:37 PM
I wouldn't compare myself to those big institutions and companies that holds a lot of Bitcoin. But I get the point that it's all about getting and accumulating more Bitcoin.

It's not just because they're a corporation but because they know that there's something big that's about to come.

The bull run, the value of Bitcoin, it's potential and everything about it. They recognize that someday it's going to be bigger than what we're imagining.


Title: Re: They accumulate bitcoin but how about you?
Post by: TelolettOm on November 22, 2023, 11:59:06 PM
I wouldn't compare myself to those big institutions and companies that holds a lot of Bitcoin. But I get the point that it's all about getting and accumulating more Bitcoin.

It's not just because they're a corporation but because they know that there's something big that's about to come.

The bull run, the value of Bitcoin, it's potential and everything about it. They recognize that someday it's going to be bigger than what we're imagining.
makes sense.
I am sure that many people also do the same thing, namely accumulating Bitcoin for certain purposes. However, the difference may be in several things, such as:
- the amount he invested
- the investment period
- the target
What is clear is that when we try to invest in Bitcoin, that is also good and worth it for us, especially if we can achieve our target for this investment without any disruption along the way. because sometimes, even though we have tried to set aside free money for our investments, we will not know what will happen to us someday which may make us forced to take profits before the target time.


Title: Re: They accumulate bitcoin but how about you?
Post by: GreatArkansas on November 23, 2023, 01:07:54 AM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.
(....)
This is always what I am saying to myself every time I am planning to buy Bitcoin or just afraid to buy Bitcoins. Like if these companies/people can buy millions of worth of Bitcoin why me just only a few less than a hundred - hundred worth of dollars just to buy Bitcoin?
These companies and people are inspirations for every one of us to own Bitcoin even only a few.


Title: Re: They accumulate bitcoin but how about you?
Post by: SquirrelJulietGarden on November 23, 2023, 01:08:57 AM
Unfortunately 99.9 percent of Bitcoin Talk members can not afford what this top list you show can.  Who in the world can buy SO much Bitcoin?  Too few to be a realistic goal.

But we should accumulate.  I agree.  It is never late.
It is the bottom line I would like to share in this thread.

We can do the similar accumulation like those investors and except nations seized bitcoins from criminal activities. We as small investors can do accumulation with Dollar Cost Averaging and become bitcoiners with diamond hands. We only have such diamond hands if we understand about Bitcoin's Controlled supply and some basic of its blockchain and use cases.

How is the 21 million Bitcoin cap defined and enforced? (https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/)
https://blog.lopp.net/content/images/size/w1140/2022/01/bitcoin-inflation-chart-1.png

This is always what I am saying to myself every time I am planning to buy Bitcoin or just afraid to buy Bitcoins. Like if these companies/people can buy millions of worth of Bitcoin why me just only a few less than a hundred - hundred worth of dollars just to buy Bitcoin?
These companies and people are inspirations for every one of us to own Bitcoin even only a few.
I can not disagree with you.

The magic of bear market is it lasts long enough (more than 2 years) so that it gives people time to accumulate bitcoins especially people with not too big capital.

Below are charts for addresses with balance > 0.01, 0.1 and 1 BTC. They both have upward trends but a most interesting chart is the one for 0.1+ BTC addresses as it shows a very steadily upward trend. 0.01 BTC is like too less and 1 BTC is like too much for small investors. 0.1 BTC makes more sense and magically the bear market helped many small investors accumulated enough 0.1 BTC for their portfolios.
https://www.lookintobitcoin.com/charts/addresses-greater-than-0-01-btc/
https://www.lookintobitcoin.com/charts/addresses-greater-than-0-1-btc/
https://www.lookintobitcoin.com/charts/addresses-greater-than-1-btc/


Title: Re: They accumulate bitcoin but how about you?
Post by: Kaliandra on November 23, 2023, 02:03:23 AM
Bitcoin has become popular and I am sure more and more people will adopt it as time goes by. However, not everyone wants to adopt Bitcoin because adopting BTC is something risky, and only people who dare to take risks adopt BTC.

Other times I have bought BTC of course I also don't want to miss it, and I have been buying BTC since the bear market in 2022 and until now I haven't stopped buying BTC and I always buy BTC when there is a price drop, and don't buy BTC when there is a price increase. I hope the list you posted is useful and I actually want to own a lot of BTC like them because I personally see good potential for BTC in the future.
Currently I can only buy small amounts and I'm sure that in the future I think buying just 1 BTC will be difficult because BTC supplies are limited. So in my opinion, now is a good opportunity to buy BTC, but of course before buying have to analyze it first technically and fundamentally because the price of BTC is very difficult to predict and in the crypto world there is always positive and negative news. .
I think it would be better if the ones in the top 20 list had the most BTC.


Title: Re: They accumulate bitcoin but how about you?
Post by: aysg76 on November 23, 2023, 04:06:31 AM
It depends on how you feel about your investment and have the understanding of bitcoin before investing not getting influenced by others as it could be risky.This is what we have seen in many cases where people invest under hype influence and later on regret so according to me understanding about it is important first of all while there is no restriction on entering the market and remember you could accumulate slowly with Sats also not a full Bitcoin only in each investment if you want to.


Title: Re: They accumulate bitcoin but how about you?
Post by: Oneandpure on November 23, 2023, 04:35:53 AM
Regarding OP source information accurate or not and how effort with bigger company keep accumulate bitcoin I try buy as many possible depend with my financial condition, I am so excited how bigger company keep trust with bitcoin as investment assets in the future and I don't miss the great opportunity in the future when bitcoin raising to higher price. Ever loss great chance when bitcoin still on lower price but sell it and I won't loss second chance with bitcoin investment before raising to the higher price again.

Have to manage with my financial condition and my planning keep accumulate bitcoin every week and some time purchase bitcoin in daily day regarding with how much money earn from my side job. Bitcoin still under $40k and won't loss moment on the next time when bitcoin raise up and return to new all time high price.


Title: Re: They accumulate bitcoin but how about you?
Post by: livingfree on November 23, 2023, 09:50:50 AM
I wouldn't compare myself to those big institutions and companies that holds a lot of Bitcoin. But I get the point that it's all about getting and accumulating more Bitcoin.

It's not just because they're a corporation but because they know that there's something big that's about to come.

The bull run, the value of Bitcoin, it's potential and everything about it. They recognize that someday it's going to be bigger than what we're imagining.
makes sense.
I am sure that many people also do the same thing, namely accumulating Bitcoin for certain purposes. However, the difference may be in several things, such as:
- the amount he invested
- the investment period
- the target
What is clear is that when we try to invest in Bitcoin, that is also good and worth it for us, especially if we can achieve our target for this investment without any disruption along the way. because sometimes, even though we have tried to set aside free money for our investments, we will not know what will happen to us someday which may make us forced to take profits before the target time.
We're all accumulating Bitcoin for the same purpose and that is to profit from it. We don't know how long we may be able to hold until we reach the time of selling but it's true that we're investing because we know that it's worth it for us.

That is the reason why people copying the institutions for investing because they know something that we don't know.

And from that moment that you've seen do things like buying certain assets, we just have to think of it on what they are up to and why they choose to do that.


Title: Re: They accumulate bitcoin but how about you?
Post by: Wapfika on November 23, 2023, 09:58:09 AM

https://pbs.twimg.com/media/F_g3f6AWMAAD6Km?format=jpg&name=900x900 (https://twitter.com/dustinwatchman/status/1727191485983203753)


US and China Government are the one who most profited on the list since their holdings is from seizing criminal funds and not through DCA so I guess they have the most efficient way of accumulation.  ;D

The difference of retail like us to institutional trader like them was they are trading customers fund and not their personal money so they can DCA effectively without any emotion involved since they are just doing what set on their guidelines. I’m accumulating to but in occasional DCA because I have limited fund while my decision is affected by my judgement to the current market movement.


Title: Re: They accumulate bitcoin but how about you?
Post by: bayu7adi on November 23, 2023, 09:59:39 AM
Binance, Bitfinex, and Mt Gox are exchanges. It's crucial to delve into the ownership of the BTC in these wallets, whether they belong to the exchange users or are privately owned. If they belong to the exchange users, it means they aren't practicing DCA as you explained. Their control over the BTC might not be 100%, especially considering Satoshi didn't employ DCA. The allocation of the initial 1 million BTC in Satoshi's wallet is based on the early transfers since the creation of BTC through a contract.

A more interesting company in this context is MicroStrategy. When this company regularly engages in DCA, it implies there are still ample opportunities for us to continue buying BTC. Yes... this indication proves that BTC is still considered to hold value for a longer period.


Title: Re: They accumulate bitcoin but how about you?
Post by: blckhawk on November 23, 2023, 10:07:16 AM
Do not compare yourself to exchanges and financial institutions because they have a lot of money and investors. Accumulate what you can and never lose track of your goal and how you do your thing because if you compare yourself to a tiger and you are just a mouse, it will only make you look stupid and at the same time it might cost you something dearly so always know that you have a limit and that each has a place in the market, the only difference with us and these exchanges is that they are a group of people except Satoshi but that can be debatable.


Title: Re: They accumulate bitcoin but how about you?
Post by: btc78 on November 23, 2023, 10:19:02 AM
There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.


this list you showed shows different companies or organizations as well as government entities which are all vastly different from us especially if you’re in the working class

they are not only smart but they are also rich hence why they can afford to hold this much bitcoin
might be too unfair to say that those people who bought btc a little later aren’t as smart as those who bought it earlier
i think the correct word would be ‘lucky’ because not everyone had a chance to know about btc immediately

i, for example, learned about bitcoin only during the pandemic and now i see its real purpose and i know that even after 15 years later lots of people will still benefit from it if they learn how to manage their bitcoin properly

Quote

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.



“the rich gets richer and the poor gets poorer”

i don’t believe this line applies to bitcoin especially the second part

while it’s true that you will definitely have to have the money so you can invest and get profit like any other kind of investment, what i like about bitcoin is it allows people to invest even with the little amount that they can


Title: Re: They accumulate bitcoin but how about you?
Post by: knowngunman on November 23, 2023, 10:34:15 AM
We don't need to immediately follow their way of investing because our brand portion is clearly very different. Therefore, create a DCA method that you can do. Does it make more sense if we have our own way of managing investments in Bitcoin? The big institutions above are on a different level so if you focus on their methods, we will experience difficulties in the process. Unless you are a billionaire who is able to follow the ideal investment pattern with an adequate budget.

It's not about following their steps but knowing what you are doing and taking decision to do it. I think op is just trying to use those individuals/groups to serve as a motivation for us and not literally means that we should follow their step. It's empirically impossible to follow their steps because those individuals or groups are influential people who use their resources to accumulate Bitcoin as much as they can and besides majority of them are early adopters when getting bitcoin was like a free thing. Comparing them with an average men makes no sense but you don't need to have resources like them before you start. I think that's what the op is trying to point out in his post. Investing as little as you can using DCA strategy is the best approach to use as an average person when it comes to crypto investment.