1,000 People Own 40 Percent of Bitcoin Market

[junoreactor]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

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[Kronos21]

It is not so simple. In order to destabilize the market price, the whales are forced to sell a lot of coins. What if users will buy all these coins and to stabilize the price of bitcoin? All these 40% can easily go for a normal user. We are all guilty of giving the whales the opportunity to manipulate the price.

[legonappy]

The more users who will buy bitcoins, the larger than market can get. This is happening right now, so expect that bitcoin will not collapse soon.

[antagonist]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

yes and even less people own even more larger persentage of ethereum market this is type of thing that happen in world , smartest people adopt first and people who are with mental challenge adopt last . in this world majority of people not so smart so ratio always will be like this with every coin

[Xie89]

The more users who will buy bitcoins, the larger than market can get. This is happening right now, so expect that bitcoin will not collapse soon.

Exactly this 

[laxinternational]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

We're not in the old low trade volume days, beware of this first, there are millions of market participants and they're greatly appreciated if they whales sell their bitcoins to the market buyers. The market is much more crowded now.

[Vitolife]

The top 1000 owners are very smart people and they have bought Bitcoin as they have been able to see its potential and it is not in their interest to crash the market by selling many bitcoins as - there are now many buyers and also the bitcoin potential has not been reached, it is only at the begining and they would significantly reduce their wealth if they sell lot of coins now.

[HatakeKakashi]

For sure that people are now very rich maybe they are now millionaire or billionaire person. For sure they also patient because they wait the price to increase more and that is the best thing they gonna do and their decision kf buying and holding bitcoin is good. We don't know what will happen in the bitcoim after 5 years maybe it will decreasw once these investor sell their bitcoin but I hope they hold their bitcoin for few years or decades so the price will become stable and continue to increase.

[joebrook]

I think some time ago the was news that 1% of the world richest owns half the global wealth, that's why i keep on saying that its only the rich that are getting richer because they have the means to invest in anything that they find lucrative whiles we struggle for the scraps.

[InvoKing]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

It is always like that, in our world always a minority of rich people control the majority of the wealth. You will find the same aspect everywhere, economy, education, politics... Why should Bitcoin be different?
Socialistcoin couldn't be possible and survive and even if you distribute fairly every coin to all people, after few months or years, you will find a minority controlling it

[peopleupsetmeup]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

Yeap, if all these guys do moves in relation we may suffer huge swins in prices, in a fact they have control of the market.

[Captimiz]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

This is not too different from the real world, where around the top 1% own around 50% of the economy.

Also, these 40 people you are referring to probably got into bitcoins early and mined when the difficulty was very low. I remember at one point ASIC miners paid for themselves in 5 days.

[denzkilim]

The more users who will buy bitcoins, the larger than market can get. This is happening right now, so expect that bitcoin will not collapse soon.

Exactly this 

Agreed about what you said. And even if those whales sell their bitcoins and price will go down expect for "new" whales that will buy more when that opportunity comes. Every people are different and have a different way of view and way of thinking if others easily get affected by FUD other people grab that opportunity to buy when the price is dropping.

[squallw]

The whales can dump bitcoin for a moment, but the price will increase again like always did.
The whale's bitcoin can go to normal user hands, anyway im not sure about this numbers '1000 ppl own 40%'? Is there some proof?

[entrepmind23]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

This is the reality that is why the small investors are at a disadvantage at times when the whales move. What we, small investors can do about it is to at least have some clue of the whales activity because in this way, we can act upon their move and be able to move in sync with them. According to the article, it is not illegal for the whales to collude to manipulate the market because bitcoin is not a security that's why they can freely do what they want but then if ever they do discuss and work together like sell a bulk of coins then there are many willing buyers ready to grab some at the bottom that's why bitcoin may not collapse.

[pinkflower]

On what is that claim based on? If its based on the BTC rich list, then I would argue that the author has failed to consider that many listed in the top of the rich list are cold storage wallets of exchanges. Those coins arent owned by one person lol.

[Riddikulo]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

I think in a row of biggest Bitcoin holders are the first fans of this cryptocurrency who took a risk and bought or mined huge amount of these coins. Years ago it was nothing, now it has the highest price than any bill.

[Pursuer]

1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

yes and even less people own even more larger persentage of ethereum market this is type of thing that happen in world , smartest people adopt first and people who are with mental challenge adopt last . in this world majority of people not so smart so ratio always will be like this with every coin

I am still skeptical about the numbers that article is giving us but I have to say there is a huge difference between people holding bitcoin and people who own ethereum.
those who have any bitcoin have either bought it with their hard earned cash from the market or they have mined it in early years or are still mining it with ASICs and they are taking a big risk.
but those who are controlling ETH have gained their control through premining 70+ million of it! they are not risking anything, it is free money they got out of thin air.

[sammrheza]

I think that is early adopters of bitcoin and who still hold and believe in bitcoin ....

[raymart0720]

For sure that people are now very rich maybe they are now millionaire or billionaire person. For sure they also patient because they wait the price to increase more and that is the best thing they gonna do and their decision kf buying and holding bitcoin is good. We don't know what will happen in the bitcoim after 5 years maybe it will decreasw once these investor sell their bitcoin but I hope they hold their bitcoin for few years or decades so the price will become stable and continue to increase.

hahaha same as what I was thinking right now! what will be happen if the big investors who are first that adopts bitcoin and holding it from the start..
a good thread considering how and amazing people who are playing a big role in Bitcoin economy which we are taking advantage right now hehe. the first one who has big coins are the one who are big and influences investors. imagine bill gates hahaha  connections and also the advancement of technology is their assets