Michael Saylor owns 0,5% of Bitcoin Supply

[tiCeR]

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

If you have invested in it 3-4 years back then you would also be on the list so it's just another excuse that Bitcoin is rich people's assest.They are utilising this as opportunity to convert their fiat holding to bitcoin and earn profits out of it.But still Bitcoin supply is not centralized as retail investments are also there and if you look at charts exchanges holding will be on top and that's accumulated for different individuals not single person.Even after billion dollars investment you will hold a tiny part of btc supply.So just be part of that population and contribute the market to rise.After some years you will not have the same feelings.

It is a rich peoples' asset and the reason is that rich people have another endurance when it comes to holding because they can afford to hold.

If you have $100 million in the bank and you buy Bitcoin for $10 million in 2013, you don't have to care whether it goes up or down while someone with a couple of thousand in a bank is going nuts with every downswing. That is why I believe that mostly rich people are the ones who really held onto it and are now filthy rich on top of having been rich before already.

[crwth]

There would always be someone who has the majority of something. That's what life is and we cannot compare those who have been here earlier or the ones who have the capacity to buy a lot of it. The real problem here is not everyone is getting the opportunity that BTC holders have and some cons that transacting with BTC is expensive right now.

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.

What should retail investors do BTW? What do you mean by that?

[hatshepsut93]

Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

Do millionaires not allow retail investors to buy during markets and sell at ATH? And Michael Saylor could easily get rekt as Bitcoin's current price is approaching his company's average Bitcoin buy. And don't forget that there's no good way to identify a Bitcoin wallet, because you can only see addresses. Exchanges are technically the richest wallets, but they represent millions of customers.

[casperBGD]

Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

Do we need to explain for the millionth time that retail investors with not much money to invest can buy fractions of a bitcoin? or what?

yeah, they can buy fractions of a bitcoin, but what good will that do to them? it is hard to expect that BTC will make 100x from this point, or you think that 100x is still possible?

it is good to have some strategy in investment and I do not see a possibility for BTC to do more than 10x from this point in the future, so investment ranging in BTC fraction - 0.01 BTC for example cannot make you some great runs in the end, which is what retail investors expect from BTC (most of them do not even understand how the BTC is working, just want to earn some money)

at this point, fear index is on 10, which shows what retail investors are currently thinking

#DiamondHands

[mk4]

yeah, they can buy fractions of a bitcoin, but what good will that do to them? it is hard to expect that BTC will make 100x from this point, or you think that 100x is still possible?

it is good to have some strategy in investment and I do not see a possibility for BTC to do more than 10x from this point in the future, so investment ranging in BTC fraction - 0.01 BTC for example cannot make you some great runs in the end, which is what retail investors expect from BTC (most of them do not even understand how the BTC is working, just want to earn some money)

at this point, fear index is on 10, which shows what retail investors are currently thinking

#DiamondHands

If you personally don't think Bitcoin is doing to do a 100x and that's your main goal, then don't invest in it. It's that simple. It's not like the institutional investor will get 100x and the retail investor will get 50x. We all get the same price increase in terms of percentage; like, this is very basic investing. Looking at the unit price and not marketcaps and percentages is the wrong way to look at valuating things.

[ubercool]

Frankly speaking, Micheal Saylor is the only person who is from our community and most probably getting happy by this dump below 30k$. He'll definitely buy more and more as the price dips below his average price. He'll have more than 1% for sure and will be the market maker.

[mk4]

Frankly speaking, Micheal Saylor is the only person who is from our community and most probably getting happy by this dump below 30k$. He'll definitely buy more and more as the price dips below his average price. He'll have more than 1% for sure and will be the market maker.

Not sure he really is, actually. He just recently bought at $37k and is already balls deep in bitcoin. And it's not like they're always using their cash to buy bitcoin; they can only keep on borrowing money to buy bitcoin to a certain extent.

[DooMAD]

Millionaires have lots of money invested in assets that govern food supply.  Maybe you should stop eating to spite them as well.  No?  See how ridiculous that sounds?

The simple fact is that the wealthy can afford to have a finger in every pie.  If you go out of your way to avoid making them wealthier, you'd effectively have to go somewhere uninhabited and live in a cave or something.  It's not possible to live an "ordinary" life without someone profiting from it.  

Also, a far greater number of wealthy people have their money stored in more traditional financial assets.  Learn to choose your battles, because you can't win them all.

[Rikafip]

yeah, they can buy fractions of a bitcoin, but what good will that do to them? it is hard to expect that BTC will make 100x from this point, or you think that 100x is still possible?

What's the alternative though? Investing in altcoins from which 99% are pure garbage and most likely end up with the loss due not selling on time?

I do not see a possibility for BTC to do more than 10x from this point in the future, so investment ranging in BTC fraction - 0.01 BTC for example cannot make you some great runs in the end, which is what retail investors expect from BTC

That was exactly my line of thinking in the late 2013 when I heard about BTC for the first time, like " 1 BTC is ~1000 USD, and since I am only willing to invest 200 USD s can't buy one whole bitcoin, so I should better buy bunch of shitcoins (bought it via eBay lol) and maybe make a fortune" and you can guess how that went. Thank God I didn't make the same mistake when I came back to crypto in 2017.

[dkbit98]

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.

It's not true that 90% of all Bitcoin is held by just 1% of wallets, and Michael Saylor is not holding those Bitcoins himself, but he is only CEO of MicroStrategy company that really holds that 100,000 Bitcoins.
Lot of those big wallets you see on richlist are held by centralized exchanges, and many people sadly are still keeping their coins on exchanges, millions of coins are lost forever.

What's the alternative though? Investing in altcoins from which 99% are pure garbage and most likely end up with the loss due not selling on time?

Yeah, that is very popular activity and you can brag to your kids and grandkids how you owned millions of somethings once upon a time, and you can do the same with inflated fiat paper currencies.
I have few of them myself with lot of zeros.

[cryptozanga]

No one can stop anyone from buying BTC, and that includes Saylor who will increase the number of BTC he owns over time. Threads like this just remind us that people will never stop regretting the time when they could buy 1 BTC for less than $1 - and now they are envious of those who did just that, and those who have enough money to buy tens of thousands of BTC even at current prices.

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.

The only problem is in the minds of people like you who have thoughts in the past and live in the present - instead of whining like a little baby about how you can’t do anything - maybe make a plan on how to own at least 1 BTC in the next x years?

Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire", I don't give a shit that you continue to invest or not, here what if I can't stand it is all the twitter influencers saying that bitcoin it is the solution to all the problems in the world, that with bitcoin there will be no poverty among other stupid things that I have heard, it becomes disgusting... Bitcoin is even more centralized than the dollar.

[HeRetiK]

Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire"

Ah, so you fell into the game of "X is the next Bitcoin" and went into the casino that is the alt coin market. Congrats on your winnings, but if you believe Bitcoin is rigged then I got bad news for you about alt coins...

[cryptozanga]

Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire"

Ah, so you fell into the game of "X is the next Bitcoin" and went into the casino that is the alt coin market. Congrats on your winnings, but if you believe Bitcoin is rigged then I got bad news for you about alt coins...

I already sold 2 months ago, there is no "next bitcoin", i even think the future of cryptocurrency's is not as bright as people say, im an investor, not a moronic fanatic.

[ethereumhunter]

I already sold 2 months ago, there is no "next bitcoin", i even think the future of cryptocurrency's is not as bright as people say, im an investor, not a moronic fanatic.

Yes, there is no "next bitcoin", I agree on that.

It's okay if you think cryptocurrency has no bright future. We can say anything about crypto. We have our own perception of crypto. But no one will force you to hold for a long term or sell your bitcoin. We decide by ourselves, and if you think you are an investor, you can do whatever it takes with your bitcoin. And no regret after we decide on something.

[verita1]

I don't see a problem with Michael Saylor buying more bitcoin, on the contrary all the bitcoin he buys will not be sold for long.

The bitcoin of the institutions allowed its price not to fall even more.
Let's keep calm just like him.
And let's enjoy making history and the market is recovering again.

Probably not true, but I just heard @michael_saylor is Satoshi. 😎

https://twitter.com/cz_binance/status/1406957437031116807?s=19

I heard @CoinMarketCap will start to rank countries that accept #crypto as legal tender. 👍

https://twitter.com/cz_binance/status/1407567896826449920?s=19

[Lucius]

Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire", I don't give a shit that you continue to invest or not, here what if I can't stand it is all the twitter influencers saying that bitcoin it is the solution to all the problems in the world, that with bitcoin there will be no poverty among other stupid things that I have heard, it becomes disgusting... Bitcoin is even more centralized than the dollar.

Someone with your attitude can only sell stories to complete strangers about how you made "a lot of money" - and at the same time you are obsessed with how 1% of crypto wallets contain as much as 90% of all BTC, without you even being able to understand why it doesn't matter too much. You completely buried your intelligence of a successful crypto trader when you admitted that you knew about BTC for 6-7 years, without ever investing a single cent in it - and that's why most of your posts are just regretting about missed opportunities and waiting for a big correction.

Yes, a winter of 2-3 years is coming, if you don't believe this you will lose all your money...

Wait for 20K-25K in the next 15 day's.

Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.

Congratulations on the top tips you've been sharing for a while, you've certainly helped people see the real picture of the crypto world

[HeRetiK]

I already sold 2 months ago, there is no "next bitcoin", i even think the future of cryptocurrency's is not as bright as people say, im an investor, not a moronic fanatic.

...and it's ok to have that opinion.

But don't kid yourself as being an "investor" when in the end you apparently just threw in some cash to make a quick buck on an asset that in your eyes has no long term viability. That's just gambling.

Of course that might not be what you did. Maybe you found a great project a few years back and now you feel like the fundamentals have changed. In that case, fair enough. Otherwise, take the time to learn the difference between investing and gambling for your own sake.

[ven7net]

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

I don't think that initially it was, on the contrary, at the very beginning of the emergence of cryptocurrencies, many people, both ordinary people and the rich, did not believe in them, but now everything has changed and cryptocurrencies have shown incredible growth. Of course, all this is primarily of interest to rich people, because you can make good money on cryptocurrencies. Based on this, the rich strive to dominate the cryptoindustry and, in principle, this is their right, like those who do not have money, they have the right to try to earn it. I myself have been making money on cryptocurrencies since 2017, although I am not rich, however, cryptocurrencies have also given people like me the opportunity to make a profit and improve my well-being.

[CryptoStar19]

The situation is no different with fiat and wealth in general no matter in what asset: the top %1-2 of the world's richest own most of the wealth in the world... that this happens to be the case with bitcoin is a result of this fact and in a sense unavoidable. The only difference is that with bitcoin any person can hop on the ride and get relatively wealthier along with the wealthy whereas the means of doing this in the general world outside of crypto is more limited to those who are already wealthy.

[cryptozanga]

Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire", I don't give a shit that you continue to invest or not, here what if I can't stand it is all the twitter influencers saying that bitcoin it is the solution to all the problems in the world, that with bitcoin there will be no poverty among other stupid things that I have heard, it becomes disgusting... Bitcoin is even more centralized than the dollar.

Someone with your attitude can only sell stories to complete strangers about how you made "a lot of money" - and at the same time you are obsessed with how 1% of crypto wallets contain as much as 90% of all BTC, without you even being able to understand why it doesn't matter too much. You completely buried your intelligence of a successful crypto trader when you admitted that you knew about BTC for 6-7 years, without ever investing a single cent in it - and that's why most of your posts are just regretting about missed opportunities and waiting for a big correction.

Yes, a winter of 2-3 years is coming, if you don't believe this you will lose all your money...

Wait for 20K-25K in the next 15 day's.

Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.

Congratulations on the top tips you've been sharing for a while, you've certainly helped people see the real picture of the crypto world

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

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.

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.
Anyway I congratulate all those who bought Bitcoin before 2015, it was really something difficult, to trust something like that and believe that it would achieve what it has done so fa...  But stop making everyone believe that they will become millionaires with this currency, investing now on Bitcoin will not make you rich.