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Title: Who has more than 50 BTC? Post by: WiiD on March 17, 2015, 01:50:37 PM I am just wondering if I am rich in comparison to the most other members here with my 20 years of age and a BTC stash of above 50.
I know most people don't want to share knowledge of their amount of BTCs, and their will be some trolls in this topic, but let's see. Would you say more than 50 BTCs is "good to have"? Title: Re: Who has more than 50 BTC? Post by: NUFCrichard on March 17, 2015, 02:05:43 PM I personally think that Bitcoin is a risky proposition and thus you probably shouldn't have much more than 15% of your investment portfolio invested in Bitcoin.
50 bitcoins costs about $15k, so if you have more than $100k in savings/investments, then yes, I think 50 Bitcoins are very nice to have. To be honest with you I would be happy to have that much free money around that I could happily sleep at night with $15k invested in Bitcoin, I am not there yet. Title: Re: Who has more than 50 BTC? Post by: gentlemand on March 17, 2015, 02:16:34 PM Over 50 is very good going. There's no rhyme or reason for how many people have. I've noticed some very long standing members admitting to having a piddly amount, and there are probably lurkers with mountains of them.
Obviously no one has a clue what the truth is, but the anonymous polls on here show up a majority with way, way less than 1. The mythical $10,000 coin isn't going to change a lot of lives by the looks of things. Title: Re: Who has more than 50 BTC? Post by: hugs1BTC on March 17, 2015, 02:22:53 PM Would you say more than 50 BTCs is "good to have"? The more you have, the better :) Sorry, I won't tell anybody how many BTCs I have :) Title: Re: Who has more than 50 BTC? Post by: michaelGedi on March 17, 2015, 02:25:30 PM however many BTCs you own, is a good amount to have... :-*
Title: Re: Who has more than 50 BTC? Post by: Miz4r on March 17, 2015, 02:48:27 PM I am just wondering if I am rich in comparison to the most other members here with my 20 years of age and a BTC stash of above 50. I know most people don't want to share knowledge of their amount of BTCs, and their will be some trolls in this topic, but let's see. Would you say more than 50 BTCs is "good to have"? If you are not losing any sleep over BTC dropping in value then I'd say you don't have too many coins at least. Observe your own emotions and if they become too strong and it stresses you out then you're probably overinvested. If on the other hand you don't feel any emotion at all you probably invested too little to be of significance. For some 2 BTC might be the optimal amount to have, while for others 100 or 1000 BTC is just the right amount. With 50 BTC I think you have more BTC than 95% of the members on this forum. Title: Re: Who has more than 50 BTC? Post by: Puppet on March 17, 2015, 03:00:33 PM I am just wondering if I am rich in comparison to the most other members here with my 20 years of age and a BTC stash of above 50. I know most people don't want to share knowledge of their amount of BTCs, and their will be some trolls in this topic, but let's see. Would you say more than 50 BTCs is "good to have"? Depends what % of your wealth it represents. I dont think its wise to have the bulk of it in BTC; or as they say "no more than you can afford to loose". I also dont expect 50BTC to become a life changing amount, but Id love to be wrong :). As to satifisy your curiousity; I do own >50BTC, as I expect many or most posters that have been around for several years, but it doesnt represent more than a relatively small fraction of my net worth, at least at todays price. So I can afford to lose it all without losing sleep over it, especially since it all represents a net profit anyway. Title: Re: Who has more than 50 BTC? Post by: futureofbitcoin on March 17, 2015, 03:20:42 PM I am a go big or go home person. I don't really care about losing a vacation, or having to buy an used car instead of a new one, or renting a marginally better place for 2x the price (or buying a marginally better home for another 100k or more). That's no big deal, I can live happily with or without those.
But financial freedom is priceless. Bitcoin gives a chance at that (and not an insignificant chance, like the lottery), and I'm more than happy to take the chance. How much did apple stock increase from 2000 to 2010? How much did google stock increase from IPO to 2014? If these companies, which already had billions in market cap could increase that much, why can't bitcoin, which is a currency, a store of value, a ground-breaking technology, a protocol for future companies to build on... it's so much more than just a company, so why can't bitcoin increase by 10s or perhaps 100s-fold? I think it's a clear possibility. So people always say don't invest too much, etc, I really can't understand that kind of small thinking. What does an extra 10k/20k do for you? Well, if you're 65+, that's different. But I think most of us are under 40, and live in developed countries where you can save that amount in under a year, even if you don't have a very good job. Just get a cheaper car, cheaper vacation, or skip one, you can easily save enough for your ticket to financial freedom. And if you already have financial freedom, you probably wouldn't mind putting a few 10ks in bitcoin as kind of a venture investment. So to answer your question, not yet. But I'm going to put everything I have (other than money set aside for food/shelter/emergency etc) into bitcoin once I get back to canada and then I can access my bank and fill in all that KYC BS. It'll be everything I have, but I won't lose sleep over it. I probably won't even be all that upset if I lose it all. Not a big deal. I'm just not excited about a couple 10ks. Whether I have it or not, it's not live changing, or really, even life improving. Of course, if you don't believe in bitcoin, then just don't invest in it. I believe that money has a certain synergy to it. 5 million dollars is worth more than 1 dollar 5 million times. With 5 million dollars, you can pretty much buy financial freedom in most places in the world. Perhaps it'll give you the opportunity to invest in and start a project you've always wanted to. So I think rather than a certain amount or % of money to invest in bitcoin, it's about investing an amount that doesn't have a significant synergy effect, i.e you can't do much more than you can without that money. Title: Re: Who has more than 50 BTC? Post by: AtheistAKASaneBrain on March 17, 2015, 03:55:41 PM I am just wondering if I am rich in comparison to the most other members here with my 20 years of age and a BTC stash of above 50. Most people here dont even own 1. Look at the number of registered users.. there's no way, statistically, that a good % of these even own 1 BTC.I know most people don't want to share knowledge of their amount of BTCs, and their will be some trolls in this topic, but let's see. Would you say more than 50 BTCs is "good to have"? And how do you have 50 BTC at age 20? You must come from a rich family. Title: Re: Who has more than 50 BTC? Post by: uki on March 17, 2015, 04:09:45 PM Make sure not to put all your investment eggs into one basket. That means try to diversify your portfolio and put only the amount you consider reasonable, or acceptable for your risk profile, into a high risk asset such as Bitcoin. Having said all that if your entry price is below $200 you have pretty good chances of not risking much with risk reward ratio being to your favour.
Title: Re: Who has more than 50 BTC? Post by: rapsaodan84 on March 17, 2015, 04:10:34 PM BTC50 is a lot! :o how much did you invest? did you buy when price was much lower?
Title: Re: Who has more than 50 BTC? Post by: arbedout on March 17, 2015, 04:16:32 PM From gbianchi's last post (he makes these regularly):
So, there's about 23K addresses with > 50 BTC. You're in rare company. Title: Re: Who has more than 50 BTC? Post by: rapsaodan84 on March 17, 2015, 04:18:22 PM So, there's about 23K addresses with > 50 BTC. You're in rare company. Buy we have no idea how many people hold those 23k addresses do we? Title: Re: Who has more than 50 BTC? Post by: gentlemand on March 17, 2015, 04:20:16 PM So, there's about 23K addresses with > 50 BTC. You're in rare company. And multiples of those addresses will belong to one person. Satoshi's blocks of 50 all went to separate addresses. I guess the same'll go for most early miners. Buy we have no idea how many people hold those 23k addresses do we? And we never will. Lots will be companies so that reduces the individual holder list even more. Title: Re: Who has more than 50 BTC? Post by: pooya87 on March 17, 2015, 04:25:35 PM I am just wondering if I am rich in comparison to the most other members here with my 20 years of age and a BTC stash of above 50. i think what you ask, depends on 2 things. first is about what you think will happen to the price thus your investment. this depends on when and at what price you bought your coins. if it goes higher then it was a good investment otherwise you lost your money.I know most people don't want to share knowledge of their amount of BTCs, and their will be some trolls in this topic, but let's see. Would you say more than 50 BTCs is "good to have"? secondly you have to keep in mind the most important thing in investment. never invest what you cant afford to lose. Title: Re: Who has more than 50 BTC? Post by: JimboToronto on March 17, 2015, 05:07:04 PM 50 bitcoins isn't worth that much really.
$15,000? People often waste that much on frivolous luxuries like jewelry, automobiles and cruises. At least with Bitcoin, you have the chance to make some big money, given enough time. Title: Re: Who has more than 50 BTC? Post by: Stargazer on March 17, 2015, 05:07:42 PM So you came here to blow your own horn OP? If you're an early investor, great. If you're just a rich kid, who got cash from his parents and decided to buy coins, shame on you.
Yes you're rich, I know you needed that :) Title: Re: Who has more than 50 BTC? Post by: randy8777 on March 17, 2015, 05:28:31 PM 50btc is quite a bit. most people have less than 1btc or even less than 0.5btc.
if you can hold that many coins without needing the funds in the comming years then hold as long as possible. Title: Re: Who has more than 50 BTC? Post by: WiiD on March 17, 2015, 06:00:50 PM At first I have to say, I don't have a rich family. I got nothing from my parents to invest.
I had earned some few hundred bucks, made some deals over here and over there and increased my value. Then through a nice coincidence my money turned to my 50 BTCs when the price was around 100$ per Coin. I had seen the price going to 1000$ then and was thinking about what I will do with the money, but then it crashed and I did'nt cashed out. So I started with nothing, and I have nothing else beside my BTCs. But I will hold. And I will NOT cash out some BTCs to put it in somewhere else. Would it be 500 BTCs, it would be smart. But 50 BTCs is just 15k at this point and with 15k you do no good "normal investment". And I think "normal investment", and keeping my money in € or $ at this moment is also very risky. So I will keep all my BTCs and will have anything or nothing. I started with nothing and BTCs give me the opportunity to live in my own appartment without having to work in my age. I never ever worked for someone else in my life, and now holding over 50 BTCs. Now I will do some job to pay my rent and my food, so I can keep all my BTCs and don't have to cash them out for living. I am sure they will rise in value again in the next 12-18 months. If not, I deserved to lose everything :) And I am kind of happy to hear that I have more BTC than some older people here. I know that is rough, but I never ever want to work for someone else because I have to. I want my BTCs increasing in value so I can buy a house in the Carribean. I want to grow my own food there so I am totally independent and living in the sun. I think I need a BTC price of about 4000$ for that and I really hope that it will be like this. If not, damn, I will be the average Joe. All or nothing. Title: Re: Who has more than 50 BTC? Post by: 1Referee on March 17, 2015, 06:25:11 PM You have a more than decent stash of coins.
Makes me on the other hand wonder how you store your coins. Hope you don't leave the majority of your coins on an exchange. Title: Re: Who has more than 50 BTC? Post by: drbrock on March 17, 2015, 06:36:46 PM Wow, 50?? I wish. Must have been an early adopter guy?
Ok so I have 7 in cold storage and about 1.5 to mess around with mainly on poker ;) Therefor I am NOT rich... which really does suck Title: Re: Who has more than 50 BTC? Post by: WiiD on March 17, 2015, 06:41:04 PM You have a more than decent stash of coins. Makes me on the other hand wonder how you store your coins. Hope you don't leave the majority of your coins on an exchange. ALL OFFLINE, since the Mt.Gox rip-off :) Title: Re: Who has more than 50 BTC? Post by: FuckIdolPlus on March 17, 2015, 06:56:59 PM From gbianchi's last post (he makes these regularly):
So, there's about 23K addresses with > 50 BTC. You're in rare company. Also most of the 65 BTC wallets belong to Satoshi and early adopters. Many had their BTCs "lost" because at the beginning these had no value at all. Mt. Gox ripped me off. Lost over 90 BTCs. Sucks to be me -_- Title: Re: Who has more than 50 BTC? Post by: WiiD on March 17, 2015, 07:07:16 PM From gbianchi's last post (he makes these regularly):
So, there's about 23K addresses with > 50 BTC. You're in rare company. Also most of the 65 BTC wallets belong to Satoshi and early adopters. Many had their BTCs "lost" because at the beginning these had no value at all. Mt. Gox ripped me off. Lost over 90 BTCs. Sucks to be me -_- Whuuuut? Daaaaamn, fuck. I would thinking of robbing out a jewelry to get the money back lol Title: Re: Who has more than 50 BTC? Post by: SirChiko on March 17, 2015, 08:39:56 PM I'd personally couldn't have fiat in 50 bitcoins as i would see mysels checking the charts multiple times a day and dump wouldn't let me sleep for sure.
Title: Re: Who has more than 50 BTC? Post by: WiiD on March 17, 2015, 11:06:50 PM I'd personally couldn't have fiat in 50 bitcoins as i would see mysels checking the charts multiple times a day and dump wouldn't let me sleep for sure. I check the charts multiple times a day, but as I am sure that BTC will stay here for long time I can sleep very good! Title: Re: Who has more than 50 BTC? Post by: Morecoin Freeman on March 17, 2015, 11:23:53 PM By doing just a few trades per month (only trading the larger moves) you could comfortably increase your bitcoin holdings.
For example selling near 300 would have been great. All it takes to increase your holdings is patience and discipline. Even better idea, and what I have been doing, is trading to increase your USD holdings. This guarantees for more purchasing power in the real world. Holding your coins forever in the hope that everyone else is going to push the price up for you is not the best idea. You're not in control of the situation at all. But yea what do I know... Title: Re: Who has more than 50 BTC? Post by: Chef Ramsay on March 18, 2015, 01:36:08 AM I'd personally couldn't have fiat in 50 bitcoins as i would see mysels checking the charts multiple times a day and dump wouldn't let me sleep for sure. Well, I'm sure most of us that have been through the entirety of the last bear market can manage to deal with most things after that. The average person can't handle such a situation.Title: Re: Who has more than 50 BTC? Post by: okthen on March 18, 2015, 01:45:48 AM You are very lucky to have that many btc, I wish I were even close!
It's not much if you consider perhaps the next one or two bubbles, but if bitcoin goes mainstream you can retire on it :) Title: Re: Who has more than 50 BTC? Post by: o0o0 on March 18, 2015, 07:09:48 AM 170 bitcoins here
19,578,000 digibytes i see bitcoin as the gold store and digibyte as the minor everyday expenditure coin. From when ive used it its fast lots of coins 21 billion so no fractions. its a gamble that one though. i cash earned dogecoin, litecoin and darkcoin into digibytes. id like to amass 210 million which i think becomes 0.5% of the coin supply. But thats 140 btc worth so not sure how acievable that is. currently 67 satoshi high of 127 satoshi, their aim is 1000 satoshi. lets see. im happy with my btc amount just wish i bought in at $80. id have 900 if i did :(. at this rate i need $5,800 AUD for $1 million comparitive fiat worth. id be more comfortable with $1300-$2000. Title: Re: Who has more than 50 BTC? Post by: Searing on March 18, 2015, 07:49:08 AM yo...have 52 BTC ....when my 2 knc titans turn into doorstops eventually (got a good deal on the 2nd one) counting LTC equiv to BTC (have not decided to hold the LTC of convert to BTC yet) the total amount should be 65 BTC more or less equiv with the LTC converted more or less in theory to BTC
soon the sweet release of death on my knc titans no roi no refund home miners when they are eventually not worth mining with electric costs and turn to doorstops...then www.coinbase.com is my friend right now I'm into "attic mining" sell crap in attic on ebay convert to BTC is the plan..maybe I can get another 10 BTC out of the tap that way and an empty attic I can turn into a rec room.. but home mining is 'dead' so thats whats up with me Title: Re: Who has more than 50 BTC? Post by: SirChiko on March 18, 2015, 11:37:30 AM I'd personally couldn't have fiat in 50 bitcoins as i would see mysels checking the charts multiple times a day and dump wouldn't let me sleep for sure. I check the charts multiple times a day, but as I am sure that BTC will stay here for long time I can sleep very good! Title: Re: Who has more than 50 BTC? Post by: Kipsy89 on March 18, 2015, 01:35:00 PM 50 BTC? Man, I'll never have that kind of coins... That's really a big stash. Yeah, I know a lot of people have much more than that, but I think you're fine if you have maybe 2 or 3 coins and hold them safely for the future.
Title: Re: Who has more than 50 BTC? Post by: cr1776 on March 18, 2015, 02:14:59 PM So, there's about 23K addresses with > 50 BTC. You're in rare company. And multiples of those addresses will belong to one person. Satoshi's blocks of 50 all went to separate addresses. I guess the same'll go for most early miners. Buy we have no idea how many people hold those 23k addresses do we? And we never will. Lots will be companies so that reduces the individual holder list even more. And if the 1 million bitcoins that Satoshi has is accurate, that is 20,000 addresses with 50 bitcoins right there. ;-) Title: Re: Who has more than 50 BTC? Post by: Kipsy89 on March 18, 2015, 02:26:03 PM So, there's about 23K addresses with > 50 BTC. You're in rare company. And multiples of those addresses will belong to one person. Satoshi's blocks of 50 all went to separate addresses. I guess the same'll go for most early miners. Buy we have no idea how many people hold those 23k addresses do we? And we never will. Lots will be companies so that reduces the individual holder list even more. And if the 1 million bitcoins that Satoshi has is accurate, that is 20,000 addresses with 50 bitcoins right there. ;-) The old question remains whether Satoshi is still active and actually holds the keys to those addresses. It must suck for him to know that he can't touch them a single time because the market would go berserk immediately. On the other hand, I believe he holds coins that we simply can't trace back to *him* Title: Re: Who has more than 50 BTC? Post by: BillyBobZorton on March 18, 2015, 03:13:10 PM From gbianchi's last post (he makes these regularly):
So, there's about 23K addresses with > 50 BTC. You're in rare company. Also most of the 65 BTC wallets belong to Satoshi and early adopters. Many had their BTCs "lost" because at the beginning these had no value at all. Mt. Gox ripped me off. Lost over 90 BTCs. Sucks to be me -_- I don't understand how you guys can make statistics about wallets, when all we have is random transactions between randomly generated addresses. How can we know a certain amount of BTC belongs to a single wallet? i never got my head around this. Title: Re: Who has more than 50 BTC? Post by: WiiD on March 18, 2015, 04:18:12 PM By doing just a few trades per month (only trading the larger moves) you could comfortably increase your bitcoin holdings. For example selling near 300 would have been great. All it takes to increase your holdings is patience and discipline. Even better idea, and what I have been doing, is trading to increase your USD holdings. This guarantees for more purchasing power in the real world. Holding your coins forever in the hope that everyone else is going to push the price up for you is not the best idea. You're not in control of the situation at all. But yea what do I know... Yeah but the problem for me is, after it happened it is easy to say "You should have selled near 300", "You should have selled on the peak" etc. But when the last days, BTC was climbing, I watched at it and I see how fast it was growing. I saw the resistance at 300 but also knew that there was and still is a resistance at 340/350. So my thoughts were, BTC is going to break the 300 resistance (Bitfinex was at 303.96 at one time, so it DID breaked.. but only short :/ ) and will rebound at the 340/350 resistance. So how you know things before they happen? How you know it will be the peak and not climbing further? I can't say this for sure, and I am really afraid of selling my Bitcoins when the price is climbing after that. And to all the other people, I am happy to hear that I am in a good range with my 50 BTCs. I do even have some more, but only few.. ;D Title: Re: Who has more than 50 BTC? Post by: techgeek on March 18, 2015, 05:01:38 PM I would say having about 100-500 is good enough.
50 seems a bit low. If you were "rich" keep in mind. Reason I say this is because back in 2012 price quotes were $200ish, fast forward 3 years its still $200 of course, this is all still speculation, but if it hasnt moved much in 3 years then I expect it`ll be the same. Title: Re: Who has more than 50 BTC? Post by: D05GTO on March 19, 2015, 04:04:49 AM Say what? 3 years ago in 2012 BTC was 5-10 bucks.
Title: Re: Who has more than 50 BTC? Post by: saddambitcoin on March 19, 2015, 04:59:56 AM 50 BTC is a solid amount to attain. Think about it. That's the value of 1 original block reward. Many people should be investing their $15,000 in this way, but for people with that amount to invest it still seems risky. You think in 5 more years it will be worth less? :D
Title: Re: Who has more than 50 BTC? Post by: saddambitcoin on March 19, 2015, 05:01:42 AM 2012 price quotes were $200ish 2012 prices were from $2-12 |