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Poll
Question: how many bitcoin do you own?
none - 7 (7.6%)
<10 - 10 (10.9%)
<20 - 10 (10.9%)
<50 - 10 (10.9%)
<100 - 11 (12%)
<150 - 13 (14.1%)
<250 - 11 (12%)
>1000 - 20 (21.7%)
Total Voters: 92

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Author Topic: how many bitcoin do you own?  (Read 1451 times)
adamstgBit
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November 17, 2011, 07:10:08 AM
 #1

how many bitcoin do you own?

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wobber
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November 17, 2011, 07:59:58 AM
 #2

i what wallet?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Jonathan Ryan Owens
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November 17, 2011, 08:04:24 AM
 #3

More accurate would be to ask people how many bitcoin they USED to own, and what their USD holdings are in the exchanges right now.


Matthew N. Wright
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November 17, 2011, 08:14:49 AM
 #4

No one owns bitcoins. They're kept in the blockchain. You can only own a reference to them.

Having said that, I can tell you that I have over 1,000,000 blockchain references.  Cool


..and all of them are empty

Jonathan Ryan Owens
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November 17, 2011, 08:20:30 AM
 #5

...all of mine are empty as well..

adamstgBit
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November 17, 2011, 08:36:12 AM
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...

Matthew N. Wright
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November 17, 2011, 08:37:33 AM
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...

You didn't actually think people would tell you how many bitcoins they have did you? Isn't deniability supposed to be one of the major fundamental qualities of bitcoin?

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November 17, 2011, 09:03:32 AM
 #8

I am The Manipulator.  I will pwn them all, soon.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Vandroiy
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November 17, 2011, 12:57:11 PM
 #9

More accurate would be to ask people how many bitcoin they USED to own, and what their USD holdings are in the exchanges right now.

No? That is an entirely different and not immediately relevant question. This is the Bitcoin forum, not the USD-on-Exchanges forum. If people stop dumping coins for whatever reason, these dollars are quite worthless in the Bitcoin economy.
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November 17, 2011, 09:07:53 PM
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Because it has been relatively easy to do in the post $30 bubble period, I suspect that people who do not control 1000 BTC blocks will cut out of many possible Bitcoin related endeavors going forward.  That is probably why a high-ish percentage of those who hold any BTC at all hold sums in that range.


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November 17, 2011, 10:53:06 PM
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Because it has been relatively easy to do in the post $30 bubble period, I suspect that people who do not control 1000 BTC blocks will cut out of many possible Bitcoin related endeavors going forward.  That is probably why a high-ish percentage of those who hold any BTC at all hold sums in that range.

I fail to decipher what you are trying to say.

But the result of the vote may be due to a combination of A) low Bitcoin price and B) the vote being posted on a speculation forum.
tvbcof
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November 17, 2011, 11:23:52 PM
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Because it has been relatively easy to do in the post $30 bubble period, I suspect that people who do not control 1000 BTC blocks will cut out of many possible Bitcoin related endeavors going forward.  That is probably why a high-ish percentage of those who hold any BTC at all hold sums in that range.

I fail to decipher what you are trying to say.

But the result of the vote may be due to a combination of A) low Bitcoin price and B) the vote being posted on a speculation forum.

I mean to say that it has become quite possible for people who got interested in Bitcoin during the hype of the bubble to obtain thousands of BTC.  Therefore, a fair number of people will likely have done so.

A good fraction of the possible Bitcoin related efforts going forward will likely benefit by actually having a lot of Bitcoin.  This could be things like making physical coins, lending them for shorting operations, backing 'designer cryptocurrencies' (which is a favorite of mine), etc.

So, for people to have a shot at getting involved in any of these things, they will either have to have acquired and held them, or be able to buy in at will in order to compete with those who do hold reasonable quantities of BTC.

I choose to acquire and hold them personally.  This is to hedge against the possibility that it will become more difficult to do due either to an increasing price or lock-out of the more established and reputable exchanges (through onerous AML's, account closures, legislation, etc.)

I note that most of the people who hold BTC hold in excess of 1000 (or lied on the poll which seems somewhat pointless...pretending that a poll itself is not somewhat pointless...) and I suspect that at least some of those people are thinking along the lines that I am.


ineededausername
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November 17, 2011, 11:42:52 PM
 #13

did you bother to check the options Wink

(BFL)^2 < 0
tvbcof
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November 18, 2011, 12:56:40 AM
 #14

did you bother to check the options Wink

Me?  For obtaining BTC?

Mining:  Rejected it when I got interested in Bitcoin mid-summer '11.  Never regretted that decision, although I am now thinking more seriously about fiddling with FPGA stuff but mostly for fun.

OTC: Exchanges are more convenient, less overhead, and I thought to be safer (at this time.)

Business:  I've got a day job.

Barter:  I've got nothing to offer.

Theft:  Not my thing.

Begging:  ibid


adamstgBit
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November 18, 2011, 05:23:43 AM
 #15

i would say most people hold less then 250.

actually looking closely its about 50/50 if you don't count the 10% that has no coins...


come on people no coins? BUY in now... price is cheep, have a little fun!

kjlimo
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November 18, 2011, 08:03:27 AM
 #16

Has anyone done analysis on the block chain to look at addresses and which addresses have the most coins?  Just to see how coins are dispersed amongst the addresses?  I think this could be some interesting analysis to see how coins are distributed.

Of course you can have multiple (and are encouraged) addresses, but I'm sure I'm not the only lazy person using one address per mining pool I'm in.  As for people who buy them, same thing may apply for withdrawing from mtgox.

Either way, I hope to perform analysis like this, but don't have time until early 2012, cuz I'm studying for my job right now through the end of December. 

And back to studying...

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

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gewure
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November 18, 2011, 05:31:01 PM
 #17

very interesting to see that the relative majority holds more than 1000 coins..!

i am slightly above 100. started with about 50 Smiley
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