Bitcoin Forum
December 11, 2024, 09:26:21 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: How many long term holders are there and how many btc do they own?  (Read 1367 times)
Frank Lefty Rosenthal (OP)
Full Member
***
Offline Offline

Activity: 154
Merit: 100


A.K.A. Ace Rothstein


View Profile
January 02, 2017, 09:25:20 AM
 #1

Like the title says. Im trying to understand how many long term holders (+10 years) have been buying into bitcoin over the last few years and how many btc do you guys think they own?

Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.

Frank Lefty Rosenthal Signing Out.

The only part that's fun about gambling is when you win. Other than that, people might say the challenge is interesting, and most people enjoy the challenge, but the name of the game is win.
skierchewing
Sr. Member
****
Offline Offline

Activity: 338
Merit: 250


View Profile
January 02, 2017, 09:28:47 AM
 #2

Bitcoin hasn't been here for 10 years, so basically, according to your definition of a long-term holder there is no one fitting in that category, and so none of them possess at least a single satoshi Cheesy !
Frank Lefty Rosenthal (OP)
Full Member
***
Offline Offline

Activity: 154
Merit: 100


A.K.A. Ace Rothstein


View Profile
January 02, 2017, 09:31:15 AM
 #3

Bitcoin hasn't been here for 10 years, so basically, according to your definition of a long-term holder there is no one fitting in that category, and so none of them possess at least a single satoshi Cheesy !


You made a mistake. I mean how many holders have been buying in over the last few years with the intentions to hold for 10+ years.

Frank Lefty Rosenthal Signing Out.

The only part that's fun about gambling is when you win. Other than that, people might say the challenge is interesting, and most people enjoy the challenge, but the name of the game is win.
mobnepal
Legendary
*
Offline Offline

Activity: 1218
Merit: 1006


View Profile
January 02, 2017, 09:36:53 AM
 #4

You can check bitcoin richlist here https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
However its hard to find out how many of those addresses belongs to long term holders but we can make guess looking at last sent transaction from each of those addresses.

Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.
I don't think majority of bitcoin traders hold bitcoin for long term, most of them just keep on buying/selling on every price swing to make some profit. But we can assume 1-2% of bitcoin holders are holding bitcoin for long term and are passive traders.
KennyR
Hero Member
*****
Offline Offline

Activity: 2338
Merit: 532


DGbet.fun - Crypto Sportsbook


View Profile
January 02, 2017, 09:37:31 AM
 #5

Long term holders are found high, but they keep certain amount for their long term need and continuously uses at least a small amount of bitcoin. This is the one that helps to have a sustained price without much variations happening most of the time.

Frank Lefty Rosenthal (OP)
Full Member
***
Offline Offline

Activity: 154
Merit: 100


A.K.A. Ace Rothstein


View Profile
January 02, 2017, 09:39:34 AM
 #6

You can check bitcoin richlist here https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
However its hard to find out how many of those addresses belongs to long term holders but we can make guess looking at last sent transaction from each of those addresses.

Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.
I don't think majority of bitcoin traders hold bitcoin for long term, most of them just keep on buying/selling on every price swing to make some profit. But we can assume 1-2% of bitcoin holders are holding bitcoin for long term and are passive traders.

That's a cool list. Going to check it out and run some numbers myself. Do you know if any of those addresses are claimed by exchanges or any whales?

Frank Lefty Rosenthal Signing Out.

The only part that's fun about gambling is when you win. Other than that, people might say the challenge is interesting, and most people enjoy the challenge, but the name of the game is win.
Nahl
Legendary
*
Offline Offline

Activity: 1652
Merit: 1000


View Profile
January 02, 2017, 09:47:39 AM
 #7

i never did some research to find bitcoin bag holders but i just look into those list above me that i think even those data pretty accurate but don't mean one person had one address because could be every person have several address with huge amount of bitcoin and i guess only less than 10% of total bitcoiners has save their bitcoin for long term situations
Catmony
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500


View Profile
January 02, 2017, 09:48:22 AM
 #8

We can't just know the total number of long term bitcoin holders because there is no any actual data regarding this, bitcoin ledger only contain bitcoin address and total bitcoin it have right now. And also most of the bitcoin holders try to sell off when price get pumped high like $1000 right now, which is quite profitable price for most of the bitcoin holders to sell all and wait for small dump to buy cheap.
talkbitcoin
Legendary
*
Offline Offline

Activity: 1372
Merit: 1032


All I know is that I know nothing.


View Profile
January 02, 2017, 10:01:15 AM
 #9

the questions like these will never get any answer and that is because how bitcoin is supposed to work. as an anonymous ledger that you can never tell which address(es) belongs to who and how long they plan on holding.

the only way to get your answer is to get the whole blockchain, parse it and look for oldest transactions and see if they move, and even then you can not tell if they move to someone else as selling or was it moving from one wallet to another.

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
█████████████▄  ▄████████████
    █████████████████████████
  ██████████▀    ▀█ ▀████████
████  █████▀  ▄▄  ▀█  ▀██████
  ████████▀  ▄██▄  ▀█   ▀████
    ██████   ▀██▀   ██   ████
  █████████▄      ▄██████████
██  █████████▄  ▄████████████
  ███████████████████████████
██  █████████████████████████
  █████████████████████▀ ███
█████████████████████▀   ███
    █████████████▀     ████
  █████████████▀   ██    ████
████  █████▀     ██    ████
  ███████▀   ██    ██    ████
    █████    ██    ██    ████
  ███████    ██    ██    ████
██  █████    ██    ██    ████
  ███████████████████████████
.....
BitcoinBarrel
Legendary
*
Offline Offline

Activity: 2062
Merit: 1035


Fill Your Barrel with Bitcoins!


View Profile WWW
January 02, 2017, 10:47:46 AM
 #10

I would imagine there is not as many as you think. Most people buy and sell (use) Bitcoin, but it takes a lot of patience to hold your BTC through the ups and downs since 2009. Most of the long-term Bitcoin holders will be smart investors who had capital to speculate with. It's hard to believe anyone that mined BTC in the early days and "forgot" about their coins could not know about it by now.



        ▄▄▄▄▄▄▄▄▄▄
     ▄██████████████▄
   ▄█████████████████▌
  ▐███████████████████▌
 ▄█████████████████████▄
 ███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
 ██████████████████████▀
 ▀████████████████████▀
  ▀██████████████████
    ▀▀████████████▀▀
.
.....
.....
.....
.....
.....
.....





Tanic
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
January 02, 2017, 11:37:25 AM
 #11

Like the title says. Im trying to understand how many long term holders (+10 years) have been buying into bitcoin over the last few years and how many btc do you guys think they own?

Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.

Frank Lefty Rosenthal Signing Out.

Now on the net there are about 10 million active wallets, which owns approximately 7 million users. It can be estimated that at least 15% of the world's population will use cryptocurrencies in the future, which is reasonable, because already 22% of people own smartphones. This means that at least 1 billion people will use cryptocurrencies in the long run.
Rahar02
Hero Member
*****
Offline Offline

Activity: 910
Merit: 523


View Profile
January 02, 2017, 12:35:15 PM
 #12

You can check bitcoin richlist here https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
However its hard to find out how many of those addresses belongs to long term holders but we can make guess looking at last sent transaction from each of those addresses.
Wow, new information to save. Who they are that have so many bitcoin sit on their wallets.
Takes time to check each one, and seems as usual activities of wallet such as giver of salary, I don't know.

Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.
I don't think majority of bitcoin traders hold bitcoin for long term, most of them just keep on buying/selling on every price swing to make some profit. But we can assume 1-2% of bitcoin holders are holding bitcoin for long term and are passive traders.
I don't understand the point of daily traders to sell and get some profits instead of saving in your wallet.
I mean if bitcoin price always increases then you should buy in the next time but at higher price.
nara1892
Hero Member
*****
Offline Offline

Activity: 1778
Merit: 727



View Profile
January 02, 2017, 11:54:44 PM
 #13

You can check bitcoin richlist here https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
However its hard to find out how many of those addresses belongs to long term holders but we can make guess looking at last sent transaction from each of those addresses.

Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.
I don't think majority of bitcoin traders hold bitcoin for long term, most of them just keep on buying/selling on every price swing to make some profit. But we can assume 1-2% of bitcoin holders are holding bitcoin for long term and are passive traders.
I do think so. 10 years is very long time. if there are people who are willing to hold their bitcoins for that long, I think there are not many of them. because they also need capital financial for trading or another needs. so probably they are about 5% of bitcoin users.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
 
 Duelbits 
██
██
██
██
██
██
██
██

██

██

██

██

██
TRY OUR UNIQUE GAMES!
    ◥ DICE  ◥ MINES  ◥ PLINKO  ◥ DUEL POKER  ◥ DICE DUELS   
█▀▀











█▄▄
 
███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
 
███
▀▀▀

███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀
 
███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
 
███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
███
▀▀▀
 
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
 KENONEW 
 
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀█











▄▄█
10,000x
 
MULTIPLIER
██
██
██
██
██
██
██
██

██

██

██

██

██
 
NEARLY
UP TO
50%
REWARDS
██
██
██
██
██
██
██
██

██

██

██

██

██
[/tabl
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2156
Merit: 1393


You lead and I'll watch you walk away.


View Profile
January 03, 2017, 12:23:54 AM
 #14

I guess I would count as a long term holder. I have about 20 btc that I collected from a faucet run by Gavin Andresen that handed out whole bitcoins and I guarantee I will still have some at the 10 year mark.

calkob
Hero Member
*****
Offline Offline

Activity: 1106
Merit: 521


View Profile
January 03, 2017, 12:38:03 AM
 #15

how do you expect anybody to know this information, you ask this question as if someone is recording everyone who has or buys bitcoin.  this isnt the fiat banks you know, thankfully  Roll Eyes
shinratensei_
Legendary
*
Offline Offline

Activity: 3304
Merit: 1031


Leading Crypto Sports Betting & Casino Platform


View Profile
January 03, 2017, 12:48:07 AM
 #16

Bitcoin hasn't been here for 10 years, so basically, according to your definition of a long-term holder there is no one fitting in that category, and so none of them possess at least a single satoshi Cheesy !


You made a mistake. I mean how many holders have been buying in over the last few years with the intentions to hold for 10+ years.

Frank Lefty Rosenthal Signing Out.


The clear answer for you.

There is no such definite answer. Excepting use the formula won't be guarantee will give 100 accuracies.

Because a lot of the new holders were coming in this year.

Assuming they are want hold their bitcoin over 10 years and that's no sense just hold a little of bitcoin amount.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
valley365
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1003


View Profile
January 03, 2017, 12:49:44 AM
 #17

I don't know how many people are long term holder of Bitcoins. But I am one of them. For me the bitcoin is like the gold. We are at the early stage of bitcoin, and bitcoin price is going up in the long run, so it does make sense to hold bitcoin long term.
Xester
Hero Member
*****
Offline Offline

Activity: 994
Merit: 544



View Profile
January 03, 2017, 01:00:55 AM
 #18

There are no statistical datas to check if how many are the long term holders of bitcoin with huge quantities. Like what the other said, bitcoin has not reached the age of 10 years old and possibly you are thinking about the future. In the future when government puts his nose into bitcoin and requires all users to validate their accounts then that will be the time that we can check since there will be a database that shows how many long term holders based on their records.
genos
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


Any store can buy, sell, and accept Crypto


View Profile
January 03, 2017, 01:26:25 AM
 #19

I don't know how many people are long term holder of Bitcoins. But I am one of them. For me the bitcoin is like the gold. We are at the early stage of bitcoin, and bitcoin price is going up in the long run, so it does make sense to hold bitcoin long term.

10 years of holding is very long time to wait, not everyone can become patients for it. But as you said that holder bitcoin have a special sense to hold their bitcoin balance. May be this is why there so many people decide to hold bitcoin in long term.

███████████████████████████████████████████████████████████████████▀███▀████
████████████████████████████████████████████████████████████████████▄▀▄█████
███████████████████████████████████████████████████████████████████▀▄█▄▀████

███▀▀▀▀▀▀▀▀██████▀▀▀████████▀▀▀██▀▀▀███████████▀▀▀██▀▀▀▀▀▀▀▀████████▀▀▀█████
███          ▀███   ████████   ██    ▀█████████   ██           ▀████   █████
███   █████▄   ██   ████████   ██      ▀███████   ██   ██████▄   ███   █████
███   ██████   ██   ████████   ██   █▄   ▀█████   ██   ████████   ██   █████
███   █████▀   ██   ████████   ██   ███▄   ▀███   ██   ████████   ██   █████
███          ▄███   ▀██████▀   ██   █████▄   ▀█   ██   ███████▀   ██   █████
███   ▄▄▄▄▄███████   ▀▀▀▀▀▀   ███   ███████▄      ██   ▀▀▀▀▀▀   ▄███   █████
███   █████████████▄        ▄████   █████████▄    ██        ▄▄▄█████   █████
████████████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
.Any Store Can Buy, Sell and Accept Cryptocurrency.██
██
██
██
██
██
██
██
██
██
██
██
██
[[[ Whitepaper    Twitter     Facebook]]]
[[[  Telegram      Medium     Youtube ]]]
aardvark15
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 510


View Profile
January 03, 2017, 01:28:45 AM
 #20

I would guess that there are a lot of long term investors and a lot that are trading. I think the minority are actually using Bitcoins for purchases.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!