Bitcoin Forum

There have been lots of discussions lately about Bitcoin minting millionaires with this latest runup.  Articles are popping up (https://www.rt.com/business/516539-bitcoin-rally-diamond-hands-millionaires/) claiming there are nearly a hundred thousand Bitcoin addresses holding over 1 million dollars worth of BTC now.  You have people celebrating these "Diamond Hands" Bitcoiners on Reddit (https://www.reddit.com/r/Bitcoin/comments/jwc46w/congratulations_to_diamond_hands/) and sharing their stories of how they got or what could have been.

I don't know how many Diamond Hands Bitcoiners we have around these parts, but...

Congrats to you if you are one of the 93 thousand addresses holding over 1 million dollars in BTC. 

Huge congrats if you are one of the 8 thousand addresses holding more than 10 million dollars in BTC!

There's also more than 423 thousand Bitcoin accounts holding more than 100 thousand dollars worth of BTC, so if you are in that club that ain't too shabby either!

Special thanks to everyone who blew most/all their Bitcoins... Without us... I don't think any of this would have been possible either!

Just keep on keeping on!  Great song:  https://www.youtube.com/watch?v=6wJXBUfcIOE (https://www.youtube.com/watch?v=6wJXBUfcIOE)

*crowd goes wild*

 :P ;D

Ayye, we need more love for the smaller guys!

Congratulations if despite your financial situation and even if you live in a poor country, you still try to save more money every week/month to be able to stack more bitcoin!

Congratulations to bitcoin holders and I am sorry for people who lost their bitcoin because of carelessness (except death calls or accidents).

For people who don't know where to find details if they are curious about this, here they go:

• Top 100 richest bitcoin addresses (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)
• Charts for bitcoin UTXOs and cumulative chart (https://bitinfocharts.com/bitcoin/utxo.html) (in the second chart, the third address with 7073 BTC is not belong to exchange)
• Top 100 dormant 5-years bitcoin addresses (chart) (https://bitinfocharts.com/top-100-dormant_5y-bitcoin-addresses.html) (It is increasing)

I would consider myself as one, I am planning to reach 0.02 bitcoin this year and hopefully, I wouldn't have any reason to pull out the bitcoins that I have for cash. But to be fair, this is a celebration for the people that have large amounts of bitcoin so I better give my own cheers for them.

Those people are probably holding their BTC for a long time right now and maybe just a few of them have bought BTC when the price was under $20,000. Nevertheless, both parties have now succeeded two reaches that huge amount because they were holding it with perseverance and patience. so they really deserve to be congratulated on their hard-earned BTC.

I would like to congratulate the smaller guys more than bigger whales. Holding anything above 0.1BTC is a great asset in my honest opinion. Even after 10 years, we are still the early birds in the crypto space as lots of things are still getting developed and we might have a great future for starting this early.

Also want to point out this...
https://twitter.com/cryptounfolded/status/1366697290765803524

Has anyone thought about this..? The number might increase in the future and this might become an issue in the supply chain.

Lucky to those who hodl Bitcoins even for chunks or smaller denominations. If only I had the money to invest I will surely hodl but we're affected by pandemic and daily needs is our priority this time. Congratulations to strong handed investors they'd doubled their profits now if they bought at $3,000-$20,000. It is really an advantage if you are a hodler.

It's never too late to enter. You could always reserve a small amount of funds to DCA or cashout in Bitcoin if you claim from faucets or get paid from Bitcoin-friendly websites.

Or since you're a Sr. Member, try joining signature campaigns. That's a no brainer :)

Why is this a problem? It's literally just stationary coins, coins that are just lost and the ones that are being held tightly by OG holders. Both of which have positive effects with bitcoin's price because these are bitcoin that are taken off the market (hence won't be dumped).

One thing I sometimes notice, starting from 2017 rally, is that some old coins started moving from addresses holding a lot of bitcoins that used to have a very small value then they get split between multiple addresses. So for example 1000BTC balance of one address is split into 10x 100BTC balance. That means these numbers may be higher.

There is also the fact that many of these addresses with big balances belong to big services and these days we have a lot of them: big exchanges, companies, even gambling sites, institutional investors,... so opposite of the previous paragraph this mean the number of individual millionaires may be less.

Anyway... congrats to all those who have never fallen for the FUD that plays with their head to convince them to make an irrational decision.

What a good appreciation post and positivity! I'm hoping that even us small holder will soon reach that milestone where we will just hold our assets until it is very very very profitable.

Positivity is all we need despite of bitcoin volatility, we are glad that we saw this bull run happening this year and let's cheers to those Diamond hands bitcoin holders.

You're such an inspiration for us to hold more and patient enough to wait for the right and worth it time to sell.

First time for me to hear about diamond hands but indeed, we should also give acknowledgement not just to those who held when it was $1 and waited at 2017 not to sell,,, I think those who bought AT the TOP at 2017 and did not sell even at 3k were the adamantium hands:) I know many did not survive that at all!

$100k in their accounts wow, that's 2 Bitcoins. 423k accounts like that. Half a million accounts.

Total amount of addresses that hold any amount of bitcoin therefore would be around 37 million. Assuming that the average hodler has its stack split among let's say 3 addresses on average that means there are only around 12 million actual owners of Bitcoin addresses. Of course there are people out there who prefer to keep the BTC on exchange or in custody of some institution (so the amount of bitcoin hodlers is certainly higher), but yet this shows the massive amount of upside that this asset presents.

Majority of these addresses probably belong to rich whales, institutional investors etc based on my research. However, I would like to congratulate all the HODLERS(rich or poor).

Very few have the guts to HODL patiently for a long period of time despite all the ups and downs of the cryptocurrency market. Personally, I am not a long-term HODLER currently, but I might become one in the future.

You are probably right. Long time holders and eary adopters shoud earn our respect and not all the rich investors whos started with BTC in 2020 and are now considered whales. Lots of them probalby dont even know how to send their BTC to a wallet since they have private investment manager to do this for them.

I'm definitely not a 'diamond hand bitcoiner', but atm i have no intentions whatsoever of selling the little stash I have in my wallet, it's great for people who fall under the category of a diamond holder cause it takes quite a lot to hodl on to your Bitcoin for many years, notwithstanding the FUD, price corrections, the media talks and RL stuffs, all this and many more could trigger an 'unwanted' sale.

For those not holding that much, I want you to know that the little you're holding also contributes to the network too, everyone can't be a whale, or be as rich as they are, keep believing in the network and accumulate at your own pace and never 'invest more than you can afford to lose' to join the 'elite' club.

Some people made a benifit by just holding. Some old and experienced traders know this secret.Many new traders don't know this secret. The secret is holding.Take this as an advice and hold bitcoin as an asset.Congratulations for the traders who had hold their coin and get huge benefit from it.Some became a millionaire from it.

How I wish that I still hold a lot.  :P

I'm happy that I've been part of the community whereas I'm able to witness the highs and lows of bitcoin. And how many got rekt, how many moved emotions, and how many got happily took their profits along the way.

People who have sold earlier, no need to regret if you have used the money in good use. What's important is you're able to help the bitcoin ecosystem and contributed in making its current status happen.

Plus a special congratulations to OG HODLers, and merchants like you who front ran the billionaires by the very widest of margins. Without you leading the path, there wouldn’t be people to follow.

Congratulations to everyone! We are all Satoshi, except the fraudster - you know who. Hahaha.

I’ve been looking around for a site that would allow us gain some more insights to this and other scenarios. What I was looking for, but failed to find, is a site that would allow us to breakdown bitcoin addresses at least in the following manner:

a)   Address "creation" Year (as per first TX really)
b)   Breakdown by balance (ranges)
c)   Breakdown by last input TX (year)
d)   Breakdown by last output TX (year)

The idea would be to be able to see a bulk distribution of addresses created by year, and then see the above breakdowns. For example, I’d like to see how many addresses "created" on a certain year had a certain balance range, and of those, which has been inactive for a certain period of time.
Applied to the OP’s data, I’d like to see when those balance ranges were achieved, how long they’ve been keeping that range for, and if they are active/inactive (+ since when).

There are sites and stats that do bits and pieces of this, but with no real flexibility to play around with "creation" dates and balance ranges, and often limited to a detail of the top x addresses (i.e. https://bitinfocharts.com/top-100-dormant_5y-bitcoin-addresses.html, https://hodlwave.com/, etc.).

Of course, congratulations to all those who believed that it was worth investing in BTC, and to all who can say today that they are financially independent - it certainly feels great to know that you have something which only 5 years ago had a value of only $200 - I won't even talk about the time before that, because all those who invested before that have become very rich for the amount, which can be measured in a few tens of dollars ::)

The real question is how many individuals are actually in this whole story, and that is impossible to establish regardless of whether the blockchain is public. I don't think it's about a huge number of individuals, because there are few who have the discipline to keep their digital assets safe for more than 10 years.

If we look at how many people are asking for help today because they found an old wallet that is dysfunctional for some reason or how they can't access their online wallets - it could be concluded that there aren't too many BTC millionaires, at least I don't know anyone like that - does any of you know a person who could fit into one of the three categories listed in OP (of course exclude yourself if you are by any chance one of the lucky ones) ;)

Congratulations to all the bitcoiners. We are fortunate to know about bitcoin and to step up to new technology. Feeling financially independent is a privilege because we were constant, we did not let go of the wheel and we have driven bitcoin wisely.
I am not the one who owns large amounts of bitcoin, I am one of the minorities and still I feel very happy. Because there is still a lot to discover in the world of bitcoin.

Your avatar fit this post perfectly!

Yes, you are 100% correct.  I don't think people realize how fragile Bitcoin was 'way back then' in 2009-2012.  It could have broken at any point.  The entire market cap was a few million dollars and it wasn't uncommon to see people giving away lots of BTC.  The people who stepped up and started accepting BTC for goods and services when they were basically accepting a dream and a prayer for their goods/time are the unsung heroes of crypto.  When I think about all the thousands of BTC I once held...  It would have been nice to sit on them, but you never know what the butterfly effect would have been.  Certainly if everyone sat on their BTC back then, Bitcoin would be worthless today. 

Congrats to those who held through the thick and thin and trusted in Bitcoin. No matter how much you hold, we're all part of the biggest financial revolution in recent times.


This made me feel better about all the BTC I spent over the years. Many of us spent more than we should have but life comes in the way sometimes, and like you said, if everyone hoarded every coin they ever held we would all be sitting on worthless piles of magic internet money.

Thanks to the HODLers AND the Merchants (not traders), lot of normies like us were able to come around 2017 and understand that Bitcoin was important and useful for more than just being magic internet money.

It has made a lot of millionaires as Nasty summarized in the OP. A percentage of those people are probably continuing to contribute to the normalization of crypto economy for the whole world.

Also, for the sheer number of people in developing countries that the forum introduced bitcoin to, the forum, Theymos and all the staff deserve a big applause too. If not for the forum, Bitcoin wouldn't be so widespread in usage today. From just China and the US, the concentration of developers and crypto hobbyists has exploded and covered everything from Turkey, India to Indonesia.

Hey, traders contribute to some extent too! :P Bitcoin(and any other tradable asset) needs traders and arbitragers to have good market liquidity, and to minimize the bitcoin price differences between multiple exchanges. Prices would be significantly more shaky and volatile if it weren't for them. Traders get too much of a bad rap because of the "market manipulation" argument.

As Lucius posted congrats to the people who had the vision to get into Bitcoin in the first place
and secondly to hold their investment.

As Bitcoin increases in demand and value we will see more and more people/wallets move into
these groups

Don't know how many of them access to their address in those few thousands person. I can read articles related to people forget or lost their private keys because they never thought that Bitcoin will raise to millions someday which they bought for few dollars or even for free.

In addition to these diamond hands Bitcoin holders, congratulations more to those of us retail investors who remained firm not to quit even after going through all the worst ups and downs of Bitcoin.

It is worth celebrating with people who don't have much, those whose limited savings are mostly in Bitcoin, those who are daily wage earners who prefer to put their small extra into Bitcoin. If your small amount of Bitcoin grew or at least remained intact all throughout the past 4 years at least, you guys are awesome.

Even if they can access their bitcoin wallet address, they will not say to other people because the bitcoin price is too high. And if they tell how many bitcoins they have, that can invite the bad people to steal his bitcoin. With the price now, people who have bitcoin for a long time can celebrate their victory by holding it for more than 1 years. They can now sell some part, but they can also hold for more years, especially if they have a target price to sell. But for the trader, I think they will still try to trade to earn more bitcoin because they want to become new whales with so many bitcoin in their wallet.

Bitcoins cannot be stolen unless the owner make a mistake like exposing the private keys to the intruders, well they are already holding it for years and surely they know the benefits of holding more than anyone so they will choose what the right thing is to do and in my opinion most of them will continue to hold or wait for the dump to buy again cheaper.

I vaguely recall seeing a thread in this Forum two or three years ago called "The 21 Bitcoin Club"  -   IIRC a user had to own 21 bitcoins which nowadays would be worth BTC 21.000 which is valued at https://youmeandbtc.com/bitcoin-converter-php.php?dir=frombtc&val=21&cur=usd&btctype=btc&exchange=Bitstamp&dec=8&bgc=DDEEFF&txtc=111133 (https://youmeandbtc.com/bitcoin-converter) which isn't too shabby when you think about it.

Wow, I am just amazed at the large number of people who are holding 100 million dollars worth of BTC, I could imagine how good their lives now, and also I am thinking about how they earned those amounts of BTC and how long does it takes.

Congratulations as well for those people who have 1 BTC stored in their wallet that is already a huge amount of money and that is hard to earn so I admire those people who already have that. Hoping that someday I can have 1 or more BTC in my wallet.

The folks who have held this long have done so because they didn’t try to sell and buy back cheaper. If they had, they would have never been able to buy back in. Many a “what if” stories start with the premise of getting into Bitcoin early only to sell at a big gain hoping to buy back cheaper and get rich, which never occurred. In fact, it’s that attempting to trade for riches that kept them from reaching their goal...

Congrats to the bitcoin hodlers who managed to refrain themselves from selling even the price is high enough to take profit.

These diamond hodlers are probably well-off, despite of the crisis happening on different country they still able to keep their bitcoin and didnt spend it.

But lets not forget the small time bitcoiners, big time or not as long as you're a hodler/buyer, you are an important part for bitcoin to keep existing.

Holding thousands to millions of bitcoins is an extraordinary thing. I think holders of thousands to millions of bitcoins are still sitting around watching the price of bitcoin continue to rise, maybe they are selling their bitcoins little by little.
but of the many addresses that hold hundreds, thousands to millions of bitcoins, they may no longer be able to access them, for reasons of dying without an heir or losing the phrase key and other reasons.
holders will always be winners, if they know when to enter and when to leave.

that is why they have diamond hands. they have probably been holding their BTC not minding how much it could go down despite buying the BTC for more than $10K. holding $100K isn't so bad, not everyone had the money in the crisis times. people had been selling everything just to survive this pandemic and if you have the BTC today worth more than what they have been, you are one of the luckiest because it could go extremely high soo.

Perhaps, they want to hold for more and don't sell at a price now because they expect to see the price can be more than $100k, so they will sell a small amount. If the price really touches $100k, which I am sure will happen in the future, they will make a lot of money from that. If I were one of those people, I will sell it at $58k for 1 bitcoin and keep it the rest for the next high price because my profit will be bigger. But they can buy back bitcoin at drips that will always come to the market so that they can have more bitcoin than before.

Perhaps, leaving 100 bitcoin in the wallet for the long term will give them a huge profit in the future. I am sure they will know what they need to do with their huge bitcoin amount.

With the price hovering around $50,000 it is crazy to think only 20 BTC would make you a “Diamond Hands” Bitcoiner. It’s almost unfathomable to think about the amount of wealth lost to misplaced private keys.

How lucky to be one of those who had been congratulated , either they are a real millionaire(or maybe Billionaire) or they are lucky enough to be one of the early adopter .
I have read someone that Bought a Chili sauce for 3 Bitcoin per 2 bottles .

Now you can buy a warehouse of chilisauce with that 3 bitcoins  ;D

---

Congratulations to all and Hoping that there are much many to follow in the lists.

Not every rich persons in crypto industry are early investors, many came after years but still managed to buy and sell at every dump and bump which surely made more profits than people who held it since the beginning. Well day traders cannot be rich by selling ind buying because their profits will be on the lose in the next day or even in the next trade so they keep stuck in the same capital forever.

How long until 10 BTC means you have Diamond Hands? It’s titillating to think about. A huge amount of addresses became Diamond when 25 BTC became over a million dollars and another wave will happen as the 12.5 BTC block rewards become Diamond. I think we may even see the 6.25 BTC block reward be a Diamond reward this cycle and possibly this year. Makes solo mining feel like a real lottery.

At some point, it's going to become more profitable or lottery-like to start scanning for private keys rather than mining.

That's why it's so important for Bitcoin holders to break their cryptocurrency into multiple keys.  There is no epeen reward for having a wallet worth over X, but is a reward for only getting 1 address pwned out of your 1000.

I've found a used empty Bitcoin address inside the pages of Directory.io (private key website) (like page 2309582352, I can't remember the exact page, but it was awesome to see.)

I wonder how many such holders there will be in 5 years.

No it wont.
Because for starters searching the 256 bit bitcoin key space is nowhere near computing SHA256 and finding a hash for any bitcoin difficulty at any time. Not to mention that the difficulty is not ever going to grow that big to require even half the work needed to find a funded private key.

If even one single key is found by searching bitcoin will be worth 0 and whether you spread your coins among 1000 or 1 address won't matter because you would be holding something worthless.

There are lots of puzzles like this. You had found one.

That’s cool information you have provided. Ahh! Unfortunately my address isn’t there in the thousands of addresses mentioned!  ;D I wish I had stored all the bitcoins that I had in earlier days. I know it’s not just me but many thousand users who know bitcoin since the time it was worth couple of hundred dollars. I had seen 5-6 bitcoin here and there all the time when it was tiny stuff earlier. So unfortunate that I sold them whenever I received them. Today also when bitcoin price is huge I am not helping myself but selling a portion of my coins just to keep myself in profits. May be that’s why I may not be in that list ever. Lolz

The next real big jump in Bitcoin Diamond Hands addresses will be as stated when the 6.25 BTC mining reward chunks starting being valued at $1,000,000.00.  This will happen at a price of $160,000.00 per BTC.  It's quite possible this could happen during the current cycle and it would make for a staggering number of crypto millionaires as valued by unique addresses.

Congratulations to all those who hold their BTC for a very long time their faith in it had given them a good profit.
Their risk and endurance through out the time had paid off there are so many who had gain so much from it and I am happy to congratulate you all and be an inspiration to other investors.

That's the most unfortunate event in your crypto life If somebody lost their private keys looking at the current Btc price would make him cry with blood lol.

I would also like to congratulate all in advance to those people who planned to hodl until the 6 digit figure. When that happens, the amount of wealth you guys will have is unimaginable.

Most people were already selling their Bitcoin when the Bitcoin price was $ 40k or $ 50k, but for those who buy Bitcoin at a price below $ 20k
and are still HODL until now you are certainly already a rich person. I also want to congratulate for Bitcoin holders who have been patient
not affected by selling their Bitcoin, and now can enjoy a large profit. But seeing the movement of Bitcoin which can still go up even higher,
my advice is not to sell all the Bitcoin we have today. Only selling Bitcoin which we really need, to buy the things we want. Because in my opinion
the longer we HODL Bitcoin, the greater the profits we make.

For us small fry's then all we can do is to be happy for them. hehe. Its really great to look at and a bit envious for those multi millionaires out there because of bitcoin.

They did able to held up their coin until this very moment.Some didnt even sold a single coin and some do make out accumulation even up to now which does shows that someone do have the
strong will and high hopes with bitcoin into upscale level.

They do deserve and it did really paid off and it isnt really bad to taste up the profits that you had gained.

Most people even sell Bitcoin for under $ 40k. Those who buy bitcoins at the price of $ 3k will of course sell them when they reach the new ATH or around the $ 10k price range. Quite varied. But those who have been able to hold back from the low prices until now are the elect who believe in bitcoin. Without trading and just holding bitcoins they will become rich, but it depends on how many bitcoins they hold.

Holding is also related to psychological problems, is it really able to withstand for a long time and with the highest possible target.

Selling partially when the target has been reached is good advice to secure capital and get some profit to buy some of the things we want. The rest of the bitcoins will remain on hold.

But the price of bitcoin will also not continue to rise and rise, there is a time when bitcoin will go down and reach its deep price again, it is the right time to buy bitcoin. again.

It is not an easy task to hold bitcoin for such a long time for you to be a millionaire through it, they deserve the accolades they are getting. What is worthy of note is; most of these people have money, they have patient and it is paying off for them. Diamond hands or not regardless we are celebrated as well. We are champions for keeping the technology growing is a feet we have collectively achieved.

This is a great point. I’ve heard so many people talk about Bitcoiners like they got lucky. Then those same people buy into BTC and sell when they get a 10% profit... Even now in the community some people talk about a million dollars like it’s easy to get and not a major thing to save a million dollars. Granted, none of the people criticizing have a million dollars, so bless their ignorant hearts.

The Diamond holders are out there, rubbing shoulders with the rest of us on these forums, and I respect their dedication and belief in Bitcoin. I’m glad they’ve been rewarded for their loyalty.