Bitcoin Forum

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Oh, CAGE coin is on it's way to the top! U gonna B rich!

I don't get to answer the poll?? This shit sucks

These stats are from a Forbes article from earlier this year:

--There are (or were in January) approximately 12,000,000 bitcoins mined
--47 people own 29% of the coins. 
--930 people own 50% of the coins.
--approximately 10,000 people own 75% of the coins
--approximately 1,000,000 own the rest

I'm sure the numbers could be disputed, but close enough for rounding.  At that time, anyway, that meant 1,000,000 people owned 25% of 12,000,000 coins, or 3,000,000 coins.  That's an average of 3 coins per person, if you're not in the top 1%.

In fact, forget about the 1%.  If you're not in the 930 people (not many of them on this board, and if they are here, they likely won't answer), which is 0.093%, the average is only six coins.

Somehow, I suspect there will be much rounding UP, WAY UP in this thread.

Not as many as I would like, not as many as I need, but enough to be happy

Heh heh...so far, three replies under 6 BTC and 18 over.

Your math doesnt fit, 29% + 50% + 75%  ???

lol i was just reading that like wtf?

Less than 5. If buy more on next correction.

wow you guys are rich lol, I am ashamed to mention how much BTC I have here which is why I am just going to vote quietly :D

I'm trying to accumulate bitcoins since I'm not an early adopter and don't have much money to invest.
I just hope to guess the top of the next bubble's peak to make some, but I know it's pretty hard...

28 and buying more on every occasion

Those are cumulative values.

I can't either, why is that?

Also, there are gaps in the poll. Someone owning 5.5 BTC has nowhere to go.

1 cage = 1 btc

Ugh, i'm really poor compared to the other forum users. :\ thought i d be atleast in the upper 50% with my 5-10 btc

In 2 or 3 bubbles time you will feel very different.

I have about 0.06 btc :(

I have 1, and loads of dogeCoins that I wish I had sold for bitcoins at the peak of the last pump.

Ha, nice try IRS trying to getting to know the amount of my BTC stash :D I mean if you have < 1 BTC you may talk about it I guess, but if you really do have a crap ton, I wouldn't necessarily brag about it.

I have about 0.1 BTC, but already spend lot of them  ;D0
i think who have lot BTC, won't tell how much they have (trust me  ;D)

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

Well, at least 1'000'000, that's what I can tell you - or I'd have to have my name changed! But I don't want to tell you the exact amount, you see it makes people envy you, they just wanna hang around you because of your money. That stinks, haha. And I really don't wanna brag about such things... So yeah...

Correct.  Cumulative.

In real life, you are in the upper 50%.  In forum fantasyland, your imagination is just not vivid enough.

How is that even possible with such a small dip in price?

I own 4.  I am hoping for some news, i.e expedia going full out into bitcoin, but it takes time to test the hotel selling first and then it will be flights and then they'll adopt it to europe et all

I don't day trade, I stopped doing that after going from about 800 bitcoins to 400 bitcoins as it jumped all over from $17 to $2 and up and down all over the place in between.

I buy the equivalent in bitcoins of what I spend in fiat. I took my dogs to the vet, went out to eat, went to the dump and spent some money toward my vacation next week so I bought the equivalent amount of bitcoins for those purchases.

Yeah, exactly, it is a weird kind of record with such modest price dip. I guess he used a lot of leverage. Otherwise, he would have to do a dozen of loosing trades in a row.

EDIT: BTW, I agree that most people loose money day trading, but daytrading != panic selling, they are completely different things ;).

I really don't know if he was leveraged. Don't think so. I don't have any idea whether he really halved his stash or whether this is even possible with the swings we've seen over the past couple days. In his case it definitely is panic selling/buying, though. He doesn't even try to daytrade, his sentiment switches literally every day from bull to bear and back again!

Interesting distribution so far, these recent price drops have helped me increase my stash too!

Protip: you don't need to daytrade to buy more bitcoin. You can just buy (at night if you prefer). Very easy to do successfully, trust me.

I've got a protip: never trust the guy that says "trust me" ;)

I'm confused right now. Is there anyone I should still trust around here? If so, who?

Not me

Between 0.6 and 5


just TRUST NO ONE.

Then no need to worry about being fair by trusting in one, and not in another.

Spent about 30 coins on mining supplies last year, that was my learning curve. :o Yep

Trust the blockchain.

I have 10 coins with a buy average buy in at 530 most of my coins were in mid 400s but bought 2 when it at 6 something

Own around 1.05 Bitcoin. This is a long shot bet for 1m lottery ticket.

I know the odd of winning is less than 1%.

I'm not so sure about 1M, but the odds of winning with BTC is, in all likelihood, higher than 1%.  Assuming the definition of winning is: worth more than you paid for it.

I have enough to keep me interested in bitcoins :)

At the time of this post:

Number of responders: 139
Assuming poll responders hold the minimum quantity of coins for their category, total holdings represented = 14,216 BTC
Assuming poll responders hold the maximum* quantity of coins for their category, total holdings represented = 34,483 BTC


*Assumed 1000 BTC maximum for 500+ category.

Badass Toyota Car(s)

I've often been surprised at how few coins some of the most prolific posters have. The head honcho of bittylicious.com said in a radio interview recently he had 20 BTC which blows my mind a bit.

The amount of people whose lives would be changed by a $10,000 coin is probably surprisingly modest. 

How does one own 0.5 badass Toyota?

You can shred one badass toyota car up to 100 million pieces.

But how many badass Toyotas will there ever be?

MILLIONS :-)

Hahaha...responses are completely full of shit.  What do you suppose the multiplication factor is compared to actual BTC held?  20?  50? 

is my 2003 corolla 1 btc ??? the A/C blows cold and it has an alpine cd deck :o

Yeah, I know lots of people are not honest on these polls, and those people are generally answering in the top or bottom category, in an attempt to skew perceptions (depending on their goals). Hard to say, really. I'm not sure there is a significant number of folks who are simply "multiplying" their holdings. It's not like anyone is associating the results with participants (I mean, outside of forum administrators and the NSA). So there is little incentive for doing that. Ignoring the two extremes might be the best representation of speculation sub-forum goers.

Good point also consider that author completely fucked up the poll figures, there is a strange range in choice #2 which probably was meant to be 0.5  - 6

This should really be in the off topic section. I would also advise anyone reading this to not answer the OPs question as if you were to reveal how many bitcoin you own/control then it could subject you to a number of attacks, as an attacker would know that attempting to hack you could have some benefit, verses attempting to hack a random person may or may not have potential benefit.

This question seems to pop up over and over again. It must be very interesting for some people. But the thing is, you'll never get accurate replies. Most people are probably just messing with you  ;D

I have only 0.004 btc because I sold some free stellars but it's a nice beginning!

This is not even a computer level issue, it is a personal identity level issue. If someone were to DOX you, after you posted that you have "x" BTC then anyone would know that you have that level of BTC and would likely attempt to launch an attack to steal your coins, either by hacking or by breaking into your house to steal your computers (among other potential attacks).

This is why you use strong passwords and encrypt your backups. It's only an issue for people who are shit at keeping important data secure. Which, yes, may be the majority.

We know that certain people here have hundreds of coins. Have we heard about them getting hacked, kidnapped or having their house robbed? We do not live in a Bond movie.

In the interest of putting my personal safety where my mouth is, I have at the moment about 15. Few more every month until the next rally. Come at me hackbros.

People's houses get robbed all the time because criminals think they have jewelery that can be sold, or because someone has cash that can be used to buy drugs. 

Uh, I own 2.  But that's not an option in the poll for some reason.

The answer for me is never enough. :)

I try to be content with my holdings, and have been able to accumulate more through trading, but it's always a kick in the pants to think that I knew about bitcoin in 2010 and didn't buy until 2013....

At least it was summer 2013. ;D

I have 1 currently and plan to sell it when it hit a million...

I have between 0.59999999 and 6 bitcoins.

Nice poll. ;)

I hope for your sake that you have used sufficient randomization in what I am assuming are brain wallets.
You'd be surprised at how well many seemingly "random" words, even with misspelling, can be brute forced.

Over 4300 in theory but 4200 or so are on gox so who knows really :S

the chance that he forgot that pass is bigger than everything else, sometime you think you have memorized it but you wake one day really tired or something and puff, you can't remember it anymore

personally i have less then 1

True, that's why using an 8 word Diceware passphrase is recommended.

I've often thought of using a Brainwallet but if something ever happened to me my family wouldn't have access to those coins.

The answer to the original question: Not enough. Last year people were content with $100 bitcoins. Seemed like a pretty even number. Just kidding, price shot up 10x.

Not a brainwallet you dips. An offline wallet with a strong password. Safer than any bank these days.

Around 0.15 btc.

Cost of living is high where I am.

Unless your reply was something less than 0.01BTC, in which case if they dox you they will probably just ignore your coins.  :)

Letter S indicates that you are being sarcastic I assume, otherwise, I hope you get them back eventually.

I have more than 1 and less than 21,000,000!

Some people have a lot of BTC here...but I would still go out on a limb and say that you are easily in the top 50% with 5-10BTC holdings

Yeah that is a big gap, and that is actually the slot where a large percentage of the people would be

Owning around 0.1 now. If bitcoin goes to 1M, 0.1 btc can buy a house where I am.

I own 0.9 btc and I'm planning to reach 1 btc until september.

You don't think?  8)

Fuck, man.  Sorry to hear it :(

But why? It was obvious that gox was a Bad Place To Put Your Money for quite a while. Why feel sorry for stupidity and/or greed?

I own a handful, I guess. But I'm not comfortable telling the broad public about how much exactly my stash amounts to. Imagine telling the world you have 10 BTC in cold storage and 5 years later the price is at $100000, I guess a lot of people would be coming over to 'borrow' some money from you!

That's simple. Don't be a moneylender. Will find out real quick who your real friends are. And don't charge interest if you do either, that's what got all of us in the fiat mess we are in.

Yeah, I won't do that, but I guess it's a very sad feeling seeing all those people lining up just because of your money... Also you may become the target of people who try to blackmail you or demand ransom of some kind!

So don't be blackmailable (that is now a word, spellchecker). That's a personal choice we all have to make.

i just know bitcoin since March 2014  :P
so until now i have about BTC 0.3 at my balance.

If only i know earlier 'bout bitcoin things, i probally reach more than BTC 1 already

It's not as simple as that.

I tried to withdraw the 50 coins I had at Gox to a paper wallet a year ago when it became obvious something was fishy there.

They wouldn't let me withdraw without identity verification so I went about acquiring ID (I don't live in the kind of fascist regime that requires citizens to carry ID) and by the time I got it together, my 50BTC had already been "withdrawn" by someone else.

Needless to say, I immediately opened a ticket but was given a runaround for dozens of emails over several months until they finally imploded and I haven't heard from them since.

Luckily they represented less than a third of my coins at that time. At an average cost of less than $120 they still represented a significant loss but I was still firmly in the black. When the price broke a grand, I was furious at the thought of losing $50,000.00.

Of course I joined the class action lawsuit but I'm not holding my breath expecting anything back.

Sometimes shit happens.

4200?!!! Holy moly, so sorry man :( hope you at least recover some of it. I think it is going to take a long time, but people like yourself will be the first to get paid back when it happens

This couldn't be more true. Deep down you know who is going to pay you back before you lend out your money (outside of extenuating circumstances)

I don't think it's a matter of anyone being paid back "first".

It's more a matter of how many pennies on the dollar.

I'm not optimistic about it being anything sizeable. Lawyers and bureaucrats will get the lion's share.

I have 10 btw in wallet 4 on exchange.

Okay, fair enough. But there is still the matter of placing such a large part of your holdings in one place, especially an exchange. I have my coins in 3 different places (and spread over several times more wallets), and I'm just in the low double digits. And only a fraction at a time touches an exchange or other online service, not 90%+.

Indeed. At the time of my loss my other 112 coins were in cold storage.

The main reason I had 50 coins at Gox was to take advantage of possible flash price swings. I'd missed the chance to take advantage of the very predictable panic during the SatoshiDice sale and couldn't deposit or withdraw fiat at Gox so I left the 30 coins there in case a similar short-term opportunity presented itself in the future.

Leaving 30% of my coins in one place anywhere online was a big mistake.

Aww, sorry to hear that! But it was a wise move insofar, as you wanted to be able to save your wealth from being deminished in case of a flash-crash, that could happen at practicably every hour in the Bitcoin world. What you did was hedging against possible risks. Don't be too hard on yourself about this!

i vote 0.50000001 - 5.99999999 BTC
I just know bitcoin in april 2014
and until now I just collect 0.7 BTC  :D
very little.

If you're right and lucky, you may retire then :) Wouldn't this be an awesome thing to do? Retire for a mere $413.7? :D :D Wait a few more years and maybe you could even retire on some sunny island in the sun :)

I only own few satoshis but I will buy some coins as soon as I can.

Currently I'm only at 0.1BTC. Not enough, so I have invested some money to hashpower and hopefully soon I'll have more!

I have 0,5 btc stored in a cold wallet, I want more!

o.o ..i'm below the average

Currently I have 0.08866929 BTC only. Like you, I already bought some hashpower. Good luck!
Kindly,
      MZ

Don't do that, just buy them. Mining is only profitable with highend equipment now.

only Litecoin  :)

Own around 0.3 BTC.

I thought litecoin is dieing with so many negative posts on it in recent months.

There are a ton of negative posts on just about every coin besides BTC on this forum. Now that I think of it, there are a ton of negative posts even about BTC here too

This is my point exactly. If someone were to say that they have a large amount of coins then others will have an incentive to try to find your identity and attempt to launch attacks to steal your coins. If you claim to have a small amount then they know it will not be worth their time.

What if you are not home? This is when the vast majority of house robberies happen. There is no way to stop them if you aren't home. Once they have the file/wallet that is password protected they can simply use a brute force password cracker to attempt to unlock the wallet.

You might wanna do a bit more research on that. Any decent password will take longer to crack than "until i get back home". Also, laptops.

I have only about 1.5 BTC right now, bought some equipment and mining on free electricity, so it is about to rise for a little.

I own 0.7 bitcoins but I'm confident that I'll increase this number by trading :)

What's your strategy if I may ask? :) Are you already an experienced trader or is this you first attempt? If you don't have any experience trading you may want to try it out on a demo account first. A lot of people lose their money because they can't keep their emotions under control!

If you don't know what you are doing, forget trading because you will lose your btc fast.