mikehersh2
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March 19, 2016, 07:56:16 PM |
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Big traders,gamblers, and miners are the only ones with that amount these days.
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Za1n
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March 19, 2016, 08:01:42 PM |
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It's pretty hard to measure people, but you can see how many addresses own a given amount of Bitcoin. Currently, less than 0.09% of used addresses in the network have 21 BTC Yeah and remember many of us have multiple addresses. I for example. got 30 BTC but it is spread around 6 addresses at several palces. Exchanges, wallets etc. But 21 BTC is around 4500 USD i don't think many hold so much money. If you have 21 BTC it is actually closer to $8,400 at today's value ($400/btc). But yeah, I also have BTC spread among several addresses, so I do not think simply counting how many addresses hold => 21 BTC is a reliable measure.
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gentlemand
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Welt Am Draht
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March 19, 2016, 08:25:30 PM |
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Probably far fewer than many expect. Not many people have that to throw around on extreme bets. Even fewer would be willing to actually do it.
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Dagwanoenyent
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March 19, 2016, 08:33:01 PM |
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People actually realising how bitcoin have very bad distribution and majority of coins is in hands of whales. This will be resolved only with good old redistribution called DUMP.
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tampazeus
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March 19, 2016, 08:38:40 PM |
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I think very few people would be holding that big amount, as it is not that easy to earn that amount of btc either your gamble or jsut buy it which is not possible for many of us.
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Dagwanoenyent
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March 19, 2016, 08:45:45 PM |
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I can assume from readings here that many members who are involved here for years don't have big wallets, on contrary many of them are impecunious, and they collecting signatures fragments.
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mkc
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March 19, 2016, 08:52:38 PM |
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In capital market, over time, wealth will tend to flow to whom already have abandom of it, meaning, the rich getting richer, and poor getting more poor. I think the question is, will Bitcoin accumulate to fewer people over time or spread out to more people? Personally I think the number of people owning more than 21btc will stay the same in the past two years, simply because who didnot have that much will have a hard time over that barrier.
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Kprawn
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March 19, 2016, 08:52:49 PM |
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There are too many gamblers and porn addicts around here, to keep 21 bitcoins around. .... The reality is, most of the bitcoins are immediately converted back to fiat, when people earn it online to cover daily expenses. I only started using Bitcoin, when I reached my "hoard" goal. The 21 BTC goal will be a pipe dream for many people, because there are too many other things that can be done with Bitcoin now.
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Za1n
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March 19, 2016, 09:00:27 PM Last edit: March 19, 2016, 09:12:46 PM by Za1n |
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People actually realising how bitcoin have very bad distribution and majority of coins is in hands of whales. This will be resolved only with good old redistribution called DUMP.
I think you have that backwards. Most of the time the big whales are accumulating (buying) when the price is down and then they distribute (sell) their cheaply acquired coins for higher amounts as the price rises. This simple concept is why they stay rich and everyone else stays poor. To expand on this, notice when BTC was down around $200 last year there were plenty of "sell before it goes to 0" type of posts and a lot of people were predicting the end, "get out while you can". There were probably a good many people taking that advice and selling their $400, $600 or higher coins for half, or even less value, thinking it was better to get something than nothing for their coins. Meanwhile, the smart money was buying, and probably many of the same ones buying were also the ones that were talking the FUD up in the first place. This was the accumulation phase. Now early this year when the price was near $450 all those people who were posting the end is nigh, sell me your coins, are the same ones who now are posting advice such as "buy now while its cheap, moon tomorrow" while they were secretly selling you their $200 coins at over 2x profit. This was the distribution phase. Granted, with Bitcoin it is more spread out and not as clearly defined as with many of the alts where you can plainly see this pattern much more readily, but the concept is quite the same.
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CryptoBjorn
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March 19, 2016, 09:12:47 PM |
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People actually realising how bitcoin have very bad distribution and majority of coins is in hands of whales. This will be resolved only with good old redistribution called DUMP.
I think you have that backwards. Most of the time the big whales are accumulating (buying) when the price is down and then they distribute (sell) their cheaply acquired coins for higher amounts as the price rises. This simple concept is why they stay rich and everyone else stays poor. That is the whole thing of trading. But that being said it would be good to have it more spread across more people. This would benefit us all. Since the distribution can make or break bitcoin.
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nanonymousx
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March 20, 2016, 06:51:24 AM |
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Big whale are getting bigger and bigger, and they are not selling. Just make sure we don't have bitcoin future, which will artificially increase the supply of bitcoin.
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n0ne
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March 20, 2016, 08:12:37 AM |
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I can assume from readings here that many members who are involved here for years don't have big wallets, on contrary many of them are impecunious, and they collecting signatures fragments.
Yeah that's true. Most of the user here won't have large number of bitcoin in their wallet. Only the traders and gamblers looks to be the one with large number of bitcoin.
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1Referee
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March 20, 2016, 08:21:04 AM |
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There are plenty of people that don't even have 0.5BTC as it is very hard to collect for them. Especially nowadays where there is a huge influx of noobs joining this forum that are burning through faucets and joining Yobit for a dust payout. These people mostly end up selling their coins for fiat once they reach the amount of 0.02BTC or so.
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krunox123
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March 20, 2016, 08:34:28 AM |
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How many people would you say that own 21 BTC approximately nowadays? What % you are at if you own 21 BTC?
I know it's hard to guesstimate since we can't know how many people how X addresses, but maybe there is some way to make a reasonable stimulation.
I ask this because a lot of people have this dream of owning 21 BTC as a storage of value for the very long term (10+ years). I think it's excellent advice, to own this amount on the most important network ever. I also dream to reach that amount before it's too late, so im hoping the price stays where it's at before we break ATH again.
As others said, it's quite hard to measure people that have at least 21 BTC in their wallet. Well, if you own 21 BTC, you currently own 0.000001% out of 21 million coins. Owning a 21 BTC isn't my dream because I want to own at least 1k BTC or so. It isn't a dream as I am trying to achieve it as we speak though it might take months or even years for me to achieve it. Don't let your dreams be dreams.
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Life sucks.
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Divinespark
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March 20, 2016, 10:31:55 AM |
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My guess is no more than 10, maybe 15k folks own as many as 21 btc individually We are still very, very early in the adoption curve
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JosNekoKopa
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March 20, 2016, 10:42:22 AM |
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I can assume from readings here that many members who are involved here for years don't have big wallets, on contrary many of them are impecunious, and they collecting signatures fragments.
Yeah that's true. Most of the user here won't have large number of bitcoin in their wallet. Only the traders and gamblers looks to be the one with large number of bitcoin. Me myself have collected very small part of btc via signature camping and i know how hard is to end one btc, it is almost impossible for lower ranked members. If you want bitcoins you must buy it, if you have money of course.
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maku
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March 20, 2016, 11:02:31 AM |
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21 BTC = 21x410 $ = 8610 $ , it is not small number but I think there are many people have this number . almost gamblers or traders
Do you know any gambler who reach that number and earn that money from gambling alone? Because I don't. Rich 'gamblers' are usually people who got money from doing things totally different than gambling: trading, having a company, earn it in a different way. It is popular misconception that by gambling you can get rich fast. It is actually very hard to do - unless you have already accumulated some wealth.
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SanaButt
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March 20, 2016, 12:41:14 PM |
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It's pretty hard to measure people, but you can see how many addresses own a given amount of Bitcoin. Currently, less than 0.09% of used addresses in the network have 21 BTC Yeah and remember many of us have multiple addresses. I for example. got 30 BTC but it is spread around 6 addresses at several palces. Exchanges, wallets etc. But 21 BTC is around 4500 USD i don't think many hold so much money. Yes, it is difficult to trace a person with 21 BTC, because people tends to keep their hard earned BTC in different wallets in order to keep them save.
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SanaButt
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March 20, 2016, 12:43:34 PM |
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I think very few people would be holding that big amount, as it is not that easy to earn that amount of btc either your gamble or jsut buy it which is not possible for many of us.
I totally agree with you. Holding this much big amount of Coins is a difficult thing and the one who has this much amount should be the lucky person. 21 BTC is a huge amount considering the value of 1 BTC is more than 405 $.
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Herbert2020
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March 20, 2016, 01:14:07 PM |
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why 21 BTC i don't get why that exact number. even if you are making a speculation for the future price and getting rich there is a room not an exact number anyways, i think putting aside all the businesses like exchangers, gambling sites, online wallets,... there are a lot of traders who have that amount. you have to put that much in to make a decent profit each day.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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