FaithInCrypto
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mada mada dane
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February 03, 2020, 10:31:02 PM |
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I quite happy with how stable is Bitcoin this month and I think that the stats above are quite accurate. Of all the things that happened this past month in the world and most of them are negative like war, earthquake, eruption, wildfire and recently, the novel virus, it is very surprising to me that cryptocurrency is quite stable. I hope we will get more positive news about Bitcoin and cryptocurrency for the whole year.
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hatshepsut93
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February 03, 2020, 11:17:14 PM |
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- Around 30,000-60,000 people with more than $1 million worth of bitcoins
Really? How do you determine this? Is it assuming one address = one person? I don't buy it either, this number is way too high, if it was true, this forum would be full of Bitcoin millionaires. Most likely they just used the logic that 1 address = 1 person, and then took addresses with more than $1mil, but it's obviously deeply flawed, as one person can and usually does own multiple addresses. And then there are exchanges which hold enormous amounts of coins, and many of them are in cold storage so it's even harder to determine how many coins people own.
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sunsilk
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February 03, 2020, 11:57:14 PM |
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Much better to prove that stats with basis and proof. I'm also thinking if the stats about 30k-60k people holding worth more than $1M of bitcoins.
Let's not forget that bitcoin has reached $13,000 last June 27, 2019. I think this is viable to be added to that stats list and there's a proof for that because we've seen that before.
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TheGreatPython
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February 04, 2020, 08:00:14 AM |
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- Around 30,000-60,000 people with more than $1 million worth of bitcoins
Really? How do you determine this? Is it assuming one address = one person? I don't buy it either, this number is way too high, if it was true, this forum would be full of Bitcoin millionaires. Most likely they just used the logic that 1 address = 1 person, and then took addresses with more than $1mil, but it's obviously deeply flawed, as one person can and usually does own multiple addresses. And then there are exchanges which hold enormous amounts of coins, and many of them are in cold storage so it's even harder to determine how many coins people own. If we consider smaller amounts like less than 0.05 than there would be lacks of addresses holding that amount of bitcoin. What OP did is perhaps just counted addresses having larger amount of bitcoins considering those are active holders but there also are other people who like to prefer holding smaller amounts onto their exchanges and leave rest of the amount in hardware or cold storage which would never be possible for us to count because already there are a number of hardware wallets and cold storage which people use to safely store their coins without the thread of getting hacked or lost. There already are a number of bitcoins mined and only classifying people with maximum number of bitcoins would not be good as the statistics should be comprehensive.
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julius caesar
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February 04, 2020, 08:41:06 AM |
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This is happening in preparation of halving that is about to happen this 2020. Investors are now trying to invest in bitcoin because they know that sooner or later, the value of bitcoin that they have bought will for surely gonna increase. Lets just wait for its halving to take effect because the value of bitcoin might be tripled.
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flyer88
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February 04, 2020, 08:59:00 AM |
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This is happening in preparation of halving that is about to happen this 2020. Investors are now trying to invest in bitcoin because they know that sooner or later, the value of bitcoin that they have bought will for surely gonna increase. Lets just wait for its halving to take effect because the value of bitcoin might be tripled.
Yeah right, the investors are waiting for the Halving moment, we are all waiting for that too, Many predict the price of Bitcoin will increase after Halving, and I believe that. Bitcoin price correction has been a long time and now it's time for Bitcoin to show an increase. Prepare yourself from now.
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ScamViruS
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February 04, 2020, 09:16:34 AM |
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I think Bitcoin will do well this year. Many investors are ready to invest in bitcoin because of bitcoin halving. This is just my opinion. After bitcoin halving, the market will see a good impact. We hope this year will end with a steady run. The last bitcoin halving (2016) gave birth to a bitcoin historic bull market (2017). Hope this halving giving us something good.
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FanatMonet
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February 04, 2020, 10:14:53 AM |
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It would also be nice to make statistics for weeks and months, and try to connect it with events from this period to see what and how can affect the price. Some bursts in registering bitcoin wallets, or changes in hash-rate. Much more can be added.
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Kakmakr
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February 04, 2020, 12:05:35 PM |
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So, if you bought bitcoins at the beginning of 2019, you would have been garanteed of a 17.4% profit on your investment (Maximum one day move 17.4%) ...you just need to wait it out and sell when it reach a specific target percentage. You can set your own goal for the year and sell at that target price for a profit. People tend to look at overall performance for the year, but within the year, there are ample opportunities for traders to make some very good profits on their Bitcoin investment, if they time everything correctly. <buying low and selling high> Would be nice to see online wallet statistics, if you can get hold of that.
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worle1bm
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February 04, 2020, 12:32:27 PM |
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So, if you bought bitcoins at the beginning of 2019, you would have been garanteed of a 17.4% profit on your investment (Maximum one day move 17.4%) ...you just need to wait it out and sell when it reach a specific target percentage. You can set your own goal for the year and sell at that target price for a profit. People tend to look at overall performance for the year, but within the year, there are ample opportunities for traders to make some very good profits on their Bitcoin investment, if they time everything correctly. <buying low and selling high> Would be nice to see online wallet statistics, if you can get hold of that. What you are saying sounds nice in theory but no one is that professional and lucky to salvage every high and low. So better is to set one's own targets and sell immediately when the price reaches the target price. There will always the feeling of regret afterwards as the price sooner or later will cross your target price but it's better to forget that and set new targets and so on. But I have feeling too that this year will be unprecedented year for bitcoin and most probably we will see ATH this year.
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davinchi
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February 04, 2020, 03:59:45 PM |
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Much better to prove that stats with basis and proof. I'm also thinking if the stats about 30k-60k people holding worth more than $1M of bitcoins.
Let's not forget that bitcoin has reached $13,000 last June 27, 2019. I think this is viable to be added to that stats list and there's a proof for that because we've seen that before.
All time high as well as all time low price should be added to the statistics. Bitcoins have already moved much vigorously which makes bitcoins more popular in terms of having benefits from trading with bitcoins. Moreover, there are not much people holding bitcoins so I might agree with OP that only 30,000 to 60,000 people might be the active holders of bitcoins and whole amount of bitcoins already mined should be divided among those number of people. We should never forget that most of the bitcoins are either lost in the transaction or scammed or maybe people forget about their bitcoins which makes them unspent and useless in some wallets. Also these details should be added to the OP.
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Latviand
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February 04, 2020, 04:10:04 PM |
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Its gonna be a great year for bitcoin,of course it has been very consistent at the top since the past years,but this time,I'm sure it's gonna reach an all time high again
Always avoid making uncertain conclusions. Not to be a pessimist but do play the game that you would be safe from regrets. It is okay to assume that this would be a good year for crypto but do not be carried away too much. Always expect for the negative side, because it would save you from unrealistic expectations. The year has just began but so far, it seems to be in favor for the market but that is not enough. It is still a long way and there are many things that could happen. Just note how the market behaves in nature. Ups and downs should always be expected when it comes to the market value of Bitcoin and also, other cryptos.
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RealMalatesta
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February 04, 2020, 04:17:07 PM |
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These statistics have each basic information about bitcoins. You should try to update this thread with updated statistics about bitcoins. This might surely be helpful for a lot of people who have a desire to start with bitcoins. Bitcoins are really doing great in terms of daily movement. We can't find these profits in any other commodity trading like stocks/forex, gold, etc.
Bitcoins being most volatile also gives us a lot of opportunities to make profits from the price movements. I was not known to the last fact you mentioned about bitcoins being declared dead for 379 times? This really should be a major point to be considered here.
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sunsilk
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February 04, 2020, 10:28:31 PM |
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Much better to prove that stats with basis and proof. I'm also thinking if the stats about 30k-60k people holding worth more than $1M of bitcoins.
Let's not forget that bitcoin has reached $13,000 last June 27, 2019. I think this is viable to be added to that stats list and there's a proof for that because we've seen that before.
All time high as well as all time low price should be added to the statistics. Bitcoins have already moved much vigorously which makes bitcoins more popular in terms of having benefits from trading with bitcoins. Moreover, there are not much people holding bitcoins so I might agree with OP that only 30,000 to 60,000 people might be the active holders of bitcoins and whole amount of bitcoins already mined should be divided among those number of people. We should never forget that most of the bitcoins are either lost in the transaction or scammed or maybe people forget about their bitcoins which makes them unspent and useless in some wallets. Also these details should be added to the OP. There are not much who holds? I don't think so. If you ever see those stats made by voluntary research about how many bitcoins were being hold by the people There is a lot of it that's being on held right now. Holders doesn't want to sell at any price right now and this make it contrary to what you are saying about people who are holding.
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Ryker1
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February 05, 2020, 09:31:47 AM |
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[snip] Holders doesn't want to sell at any price right now and this make it contrary to what you are saying about people who are holding.
Well, you have a point in there, they kept hold until they will gain profit on it. These stats made me optimistic, I am really looking forward to the Bitcoin's price to rise within the year. As far as I remember, one of the stock markets in China has declared that it had around 2.7 million new Bitcoin wallet and around 500k of new wallets in the Ethereum network. Halving really affected the price though. Before the bull run last 2017, --halving was also there and the reason why it arouses. Indeed, perhaps this is the time of Bitcoin to shine again.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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White Christmas
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February 05, 2020, 10:57:07 AM |
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[snip] Holders doesn't want to sell at any price right now and this make it contrary to what you are saying about people who are holding.
Well, you have a point in there, they kept hold until they will gain profit on it. These stats made me optimistic, I am really looking forward to the Bitcoin's price to rise within the year. As far as I remember, one of the stock markets in China has declared that it had around 2.7 million new Bitcoin wallet and around 500k of new wallets in the Ethereum network. Halving really affected the price though. Before the bull run last 2017, --halving was also there and the reason why it arouses. Indeed, perhaps this is the time of Bitcoin to shine again. I don't see anything wrong on holding bitcoins until now and not selling it because as for me myself I am still holding bitcoin right now and still hoping that it will shines again just like what happened on the year 2017 in which bitcoin and other cryptocurrency are shining all over again so I am hoping that this year indeed will become a good year for bitcoin as well as the whole crypto market. If the China declared that there are so much new bitcoin wallet in them so that means there is a sign that the bitcoin and the cryptocurrency as well that it will shine right now.
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puertorikosena
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February 05, 2020, 12:20:18 PM |
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I think that bitcoin will be declared dead many more times. There are always people who do not believe in anything or do not understand something, therefore they want Bitcoin to not exist. And those who understand the technology and understand its prospects earn decent money by investing in bitcoin.
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LogitechMouse
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February 05, 2020, 12:27:13 PM |
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- Bitcoin has been declared dead for 379 times
All that you have said is true but this is the best and this is one of the reason why Bitcoin is still here . This is just the start of it. Many are believing that Bitcoin will be a better year than last year because of halving. TBH, I don't see Bitcoin to reach new ATH this year but one thing is for sure. Bitcoin is here for us. - Around 30,000-60,000 people with more than $1 million worth of bitcoins
Really? How do you determine this? Is it assuming one address = one person? Except for this. Can you provide some statistical data that there are around 30,000-60,000 people who are holding $1,000,000 worth of BTC. I don't believe in this. Yes whales are always there to pump and dump the market but the exact people who are holding kind of amount isn't near to that number.
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abel1337
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FOCUS
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February 05, 2020, 01:45:32 PM |
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I think that bitcoin will be declared dead many more times. There are always people who do not believe in anything or do not understand something, therefore they want Bitcoin to not exist. And those who understand the technology and understand its prospects earn decent money by investing in bitcoin.
We can't blame them, Bitcoin might be a possible enemy in their business or maybe they failed to earn profit in using bitcoin and try luring others not to try it and putting a bad image into it . As a bitcoin user for a year I think it is better to just ride the waves that bitcoin makes and get a profit into the fullest, Ofcourse I praise the wise idea of satoshi that he make it possible and now a technology that others are imitating.
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carlisle1
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February 05, 2020, 02:16:55 PM |
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Very interesting statistics that you provide, whether with these statistics can guarantee the future for an increase in Bitcoin in 2020. I more often see predictions that say the middle of 2020, there will be an increase in Bitcoin. But that is without any statistics, maybe only with analysis.
you dont have to wait for the middle of 2020 because we are now going up in January and February so lets see if this will continue. i know that it is hard to expect but we have no choice now but to do such waiting and keep the Holding strongly guys. we are now months before the halving so expect more pressure in bitcoin price but i am very confident that all my waiting will have fruits.
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