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Author Topic: Less than 0.3% of the world population owns more than 1$ worth of BTC  (Read 294 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (1 post by 1 user deleted.)
Kakmakr
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September 17, 2019, 06:08:00 AM
 #21

Yea #stompix I hate it when they pull these statistics from their a$$. I think it is just part of the hype strategies that are being pushed by people with hidden agendas. The large majority of the transactions and also the owners of coins are coming from 1st world countries and we cannot deny that.

I think people want to create the perception that 3rd world markets are largely an untapped market for Bitcoin, but when I do contract work in these countries, I see that the infrastructure are not in place to support a thriving Bitcoin economy. <Poor electricity & Internet access etc.>   Roll Eyes

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stompix
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September 17, 2019, 12:07:43 PM
 #22

The only bad thing is that people forget the main advantage of cryptos and more and more hold their coins on exchanges in order to be the first to sell high and buy low when there are ups and downs or just because of convenience.

i don't think this is entirely true.
of course as there is an overall increase in bitcoin adoption, there is an increase in number of people doing different things such as holding their coins on exchanges but i don't think the percentage has changed. for example if before there were x% doing that while total was 100k, there are still the same x% doing that if total is 200k, heck i would say that the percentage has shrank even due to all exchange hacks!

Ok, maybe my fault here I should have added and 3rd party wallets and clarify what I mean by exchanges.
Unfortunately, all the people I know in real life that hold coins (2, lol) have them sitting on Binance (not on the order book) because no matter what I tell them they feel "safer" there. And when somebody says "I've installed windows two times this year" as an argument, you give up.  Smiley

I think people want to create the perception that 3rd world markets are largely an untapped market for Bitcoin, but when I do contract work in these countries, I see that the infrastructure are not in place to support a thriving Bitcoin economy. <Poor electricity & Internet access etc.>   Roll Eyes

This is what is annoying me lately.
They think that 100 million people with 5 cents an hour wage will rush to buy bitcoin.
Or that bitcoin will save this and that country, that it will improve the economy it will cure Ebola or whatever.

No! It won't, and those bs articles are on par with the so-called mainstream media everybody hates.
But when CCN tells the same crap level news at CNN I'm beginning to wonder who is more toxic, as using poor people and countries as a way to promote your interests is the probably worse.




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September 17, 2019, 07:06:49 PM
 #23

Those that put forward such figure are merely just making nonsense out of something cos I don't get where they see their figure from even with yr own estimation I still believe the population of those that own crypto is still very much low to yr estimation but yrs is still much OK and can be relate with .

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September 18, 2019, 04:28:32 AM
 #24

The only bad thing is that people forget the main advantage of cryptos and more and more hold their coins on exchanges in order to be the first to sell high and buy low when there are ups and downs or just because of convenience.

i don't think this is entirely true.
of course as there is an overall increase in bitcoin adoption, there is an increase in number of people doing different things such as holding their coins on exchanges but i don't think the percentage has changed. for example if before there were x% doing that while total was 100k, there are still the same x% doing that if total is 200k, heck i would say that the percentage has shrank even due to all exchange hacks!

Ok, maybe my fault here I should have added and 3rd party wallets and clarify what I mean by exchanges.
Unfortunately, all the people I know in real life that hold coins (2, lol) have them sitting on Binance (not on the order book) because no matter what I tell them they feel "safer" there. And when somebody says "I've installed windows two times this year" as an argument, you give up.  Smiley

lol, and Binance of all places! it is not as if it were hacked recently. tell them to at least choose an exchange that doesn't have such a gigantic hack in their recent history.
i had a friend that was doing the same, holding his bitcoins on exchanges believing it is the safest way possible. i showed him so many cases of exchanges getting hacked, people getting their accounts hacked, people being scammed by their exchanges,... that he made a withdrawal the next day to his Electrum wallet which i helped set up. Smiley

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October 02, 2019, 08:54:08 AM
 #25

Well, since I always end in discussions about trillions of people using and owning bitcoin and crypto I'm going to try and keep this topic updated once a month with the data from the first few days regarding distribution for future reference. Good that I made it self moderated!  Cool

So this is how it looks now:



Archived here:
http://archive.fo/YIVFN



So, October 2nd
14,061,631 addresses with more than one mbit, in the most unrealistic scenario 0.2% of the world population BTC.
  6,620,858 addresses with more than 100$, 0.1% of the population.


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October 02, 2019, 09:52:35 AM
 #26

This is why it’s important late adopters don’t get disheartened about not having as many BTC as others. Buy what you can afford to buy, it doesn’t matter if you’re not currently a bitcoin millionaire. The price goes one way long term so even if you have $1,000 in BTC right now, hell even $100 it’s the best place for ypur fiat & you will make great profits if you have patience.

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October 02, 2019, 10:30:22 AM
Last edit: October 02, 2019, 10:40:27 AM by TalkStar
 #27

Bitcoin users community is getting bigger day by day but honestly its speed of getting accepted as a payment system is kinda slower. Basically only users can't make bigger differences where most of the countries government are stepping behind about crypto currency. Modern world's people are very much interested to use bitcoin as their daily payment method but without having own government clarification its kinda tough for them to continue with it. Same thing is decreasing investors in crypto currency. I think this scenario will gonna change soon and crypto users will be able to enjoy their life with bitcoin.


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October 02, 2019, 10:33:59 AM
Last edit: October 02, 2019, 12:50:17 PM by Sancho18
 #28

So, October 2nd
14,061,631 addresses with more than one mbit, in the most unrealistic scenario 0.2% of the world population BTC.
 6,620,858 addresses with more than 100$, 0.1% of the population.
I think the degree of unreality of this scenario is at least two orders of magnitude. Somewhere I saw statistics on ad impressions to unique users on bitcointalk, and there were numbers around 18500. Of course, not all Bitcoin owners regularly visit bitcointalk, but all of them have much more than one btc address. Therefore, the truth is somewhere in the middle between tens of thousands and tens of millions. (And this is a good news for those who crying "Oh my God, I'm late for this train").

What we know is that 1MB works and thus shouldn't be touched.
Ups, 2Mb block link here. Smiley

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November 01, 2019, 08:22:13 AM
 #29

So let's do a little one month bull run update:



Archived here:
http://archive.ph/dG8re

In terms of $ we have more addresses with by:

1 USD                           4.2%
100 USD                       4.1%
1,000 USD                       4.3%
10,000 USD                   6.5%
100,000 USD                 6.8%
1,000,000 USD              8.7%
10,000,000 USD           13.2%

Rich are getting richer Tongue

In terms of pure BTC distribution:

(0 - 0.001)           274490          2%
[0.001 - 0.01)      312059   4.80%
[0.01 - 0.1)      68836   1.40%
[0.1 - 1)              -21299   -1.20%
[1 - 10)               1046   0.10%
[10 - 100)                 361   0.20%
[100 - 1,000)         140        1%
[1,000 - 10,000)      -39   -1.90%
[10,000 - 100,000)         3   2.80%
[100,000 - 1,000,000)    -1      -25%

Total, we have grown by 635596 addresses, with a 2.3% increase over the last month.
Not bad , not bad.

stompix
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December 02, 2019, 09:03:22 PM
 #30

December update:
http://archive.ph/RLg4h

For coiners:
Quote
(0 - 0.001)                       13548209     13761034       +1.57%
[0.001 - 0.01)                    6746250      6986991       +3.56%
[0.01 - 0.1)                       4863811      4926937       -1.29%
[0.1 - 1)                            2029592      2036815      -0.35%
[1 - 10)                              629451        625111      -0.68%
[10 - 100)                           137458        135567      +1.37%
[100 - 1,000)                       14041          14130        +0.63%
[1,000 - 10,000)                    2024          2015          -0.44%
[10,000 - 100,000)                  107            107            0%%
[100,000 - 1,000,000)               3                2            -33.33%

So dust grows, small holding drop, large amounts up,  whales down Tongue

For fiat lovers:
Everything is down:P, following the price

1 USD   100 USD   1,000 USD   10,000 USD   100,000 USD   1,000,000 USD   10,000,000 USD
-1%           -6.6%       -10.1%         -12.8%             -11%               -13%                -20%


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