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Author Topic: Michael Saylor owns 0,5% of Bitcoin Supply  (Read 446 times)
yazher
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June 23, 2021, 07:04:19 PM
 #41

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
This has happened as a rich man's game, but we can't say it has benefited only the rich. Market is volatile, which is its inbuilt feature. This volatility is much used by this massive holders as they've got large holding and has the ability to move the market to some extent. We need to be clear even though 90% is with 1% people the market hasn't gone under their hands/control. This is the true potential of the network.

Yeah, you have some point for that because even the poor who knows how to take advantage of the market can also earn a huge amount of money. some other people I know have nothing when they were first started in the crypto industry. just a small capital from bounties back when the payment was good and legit. Now they have become a millionaire and they know how to earn on the market especially when it look likes bad. because they know that when the market is currently experiencing a bearish trend, it will somehow find its way back up again.

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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June 24, 2021, 10:05:20 AM
 #42

Why the hell would you invest in Bitcoin if you can make a x30 with other cryptocurrencies?

You are one of those who are not interested in the technology behind Bitcoin, you are only interested in the profit and pump and dump of some shitcoin - that is the difference between you and me and many others on this forum.

What a laugh, you cited previous messages, as if it were a problem for me, most of the things written are being fulfilled, there are no regrets.

Previous messages are very important to show your skill of a so-called experienced trader, has the price of BTC really dropped to $25k or even $20k as did you predict that? And as for crypto winter and idiot EM you talk nonsense without even knowing the facts - the price of BTC is now at those levels when EM first invested in BTC - which means that without it, we would be where we are now.

But stop making everyone believe that they will become millionaires with this currency, investing now on Bitcoin will not make you rich.

This is a forum to discuss Bitcoin, but also all other cryptocurrencies - not a place where someone should advise someone in what to invest their money. If you are already so obsessed with altcoins, why not move to the Altcoins board? There you will find a lot of people who think like you .

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June 24, 2021, 11:48:50 PM
 #43

Bitcoin fans are blind to any other investment, for me having bought Bitcoin in 2015 was already expensive, although you could make good profits it is not the same as buying other cryptocurrencies in their early stages, as I did, I do not consider myself a expert but I'm bored of all the morons who defend the currency with the worst technology and one of the most centralized, besides, we are talking that only one person has 0.5% of all Bitcoin, what is this? It is a real madness.

You're a funny guy.
You claim to know all, you claim to know how to make money, all the rest of the world is full of morons and you hold the ultimate truth but in reality, you simply know nothing about the very subject.

You grabbed a page showing the addresses with the largest balances but you didn't bother to look what those mean, have you ever wondered what coins with "better" distribution look like? 2100 Richest bitcoin addresses hold 42% of all the coins, the top 1000 eth hold 63%., almost all eth tokens have a distribution in which 95% of all tokens rarely are split between more than 100 addresses.

Does that mean anything? to a newbie maybe, to us morons nothing, as an address doesn't have to be owned by a single individual.

Worse technology? What is a better technology? One that nobody!, nobody uses other than speculation on Binance?
There have been countless coins with revolutionary technologies, nem, dash, neo, eos, iota, ...where are they? In the trashcan where useless things that are only hype belongs. But, we are morons, I'm sure your majesty is not wrong about it, after all, who are we to question your knowledge? By the way, do something about that nocoiner stench!



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