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Author Topic: Where is your stand as a Bitcoin holder.  (Read 323 times)
Dunamisx (OP)
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April 29, 2023, 10:42:23 AM
 #1

Can we make it little more fun with this, i will like to hear from us the place we are standing at in holding bitcoin in comparing to those having much investment in bitcoin otherwise called whales and other institutions or individuals having little portion of their bitcoin they are holding, because at the end of it all, everyone is a holder as long as you've invested.

Here's the percentage of bitcoin holders and what you need to hold to be in each category belonging to bitcoin holders.


https://twitter.com/Vikingobitcoin9/status/1651922754554195969?t=1mFAzg2Hafpee2A2Adbkqw&s=19

In my own case, i still finds myself below the last category which means am holding lesser than 0.135btc as at now, can we make it interactive by giving our own standing point as at now.



.
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April 29, 2023, 10:49:53 AM
Merited by pooya87 (2)
 #2

I don't know how other members will take this topic, but i don't think it is correct or safe to estimate to the general public how much BTC you have, that can make you a target of attack. Some people here even know each other in real life, now i can imagine someone claiming they have >1 BTC here and some members know who they are, it is unsafe and a $5 wrench attack can happen to you. I prefer to say i have 0 BTC. Don't make your BTC holdings public.

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April 29, 2023, 10:50:49 AM
 #3

Another view for bitcoin distributions.
Bitcoin wallet address types and balance Distribution .

You can self check it from Top 100 richest Bitcoin addresses by Bitinfocharts.com.

With my experience and my mistakes in the past, I really think that it is not matter that how many bitcoins you have now but the matter is whether you will be able to hold those amount of bitcoins next few years (most important) and will be able to increase that amount?

If you are able to hold that amount for a few years, 5 years at least, it is very good. It's not a pressure for you to try increasing that amount and at the end, you have less than your initial amount.

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April 29, 2023, 10:54:42 AM
 #4

Someone obviously likes to play with sea creatures, but it's nothing new that we haven't seen before - because most of the holders are at the bottom of the food chain anyway, which means shrimp&crabs🦀🦐

It may sound strange, but it doesn't matter to me how much BTC someone owns, but whether they understand what they own and whether they use it in the right way.

See here -> Who are you according to Glassnode classification? @lovesmayfamilis



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April 29, 2023, 11:01:16 AM
 #5

This is already a similar topic of Bitcoin wallet address types and balance Distribution which shows sea creatures as graphical representation on the size of Bitcoin holdings.

This picture is very popular on twitter. The update of Glassnode makes this chart popular again but I saw this many times on social media.

But as usual, I’m on the Anchovis category if the Shrimp will have a subcategory for smaller holder.

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April 29, 2023, 11:06:42 AM
 #6

I'm not even in the top 5%. But I'll get there this year for sure. My goal is to get 0.5 BTC before it hits $100k.
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April 29, 2023, 11:08:49 AM
 #7


In my own case, i still finds myself below the last category which means am holding lesser than 0.135btc as at now, can we make it interactive by giving our own standing point as at now.

There are certain things in life that one has to keep private but three among them are the most important. These three are your earnings, your next plan and of course your investment. We live in a society where we are surrounded by enemies who do not like seeing others to prosper. Revealing your earnings, plan and investment to public is unhealthy either online or offline. You might become a target for evil minded.

Those influencials elite that media is publishing their net worths have been a victim one way or another either having more enemies or criminal attacks on their companies.

R


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April 29, 2023, 11:14:48 AM
 #8

This topic is actually good discussing about our holdings but what I understand is that it will be very hard for people to come here telling you the amount of bitcoin they are holding or even disclosed the certain number they're holding here due to some security purpose so I doubt if is possible disclosing ours but nevertheless, maybe there are some people who might be free revealing their hold.
Have you ever seen those whales coming to announce or discussed the amount of bitcoin they have been holding? Such as Elon Musk can never do that on twitter or some institution revealing the exact amount they hold, what you could only see is; so so address transferred thousands of bitcoin to unknown wallet which have no bearer name.
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April 29, 2023, 11:15:44 AM
 #9

I've seen it before, but most people like to keep their privacy about the amount of bitcoins they own, some of them also try to hide that they own bitcoins at all.

For me, I do not find myself in this category because I only hold a small amount of Bitcoin. I earn bitcoins through my work, but I have to cover my family's expenses, so I cannot hold a large amount.

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April 29, 2023, 11:22:29 AM
 #10

I don't know who is in the first level, how possible to have that amount of bitcoin ?

I just have to generalize it for you that good majority are still in that level you put to yourself, below the last level of hodlers. To have public display of how much btc you have is security risk, it mean immediate accessing of how rich you are and that is risk if no security guard following you Grin
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April 29, 2023, 11:28:01 AM
 #11

I think I won't be divulging as sensitive an information as to how much Bitcoin I have. The less information one shares about his/her Bitcoin, the safer he/she will be. But I don't have much, so I might just be in the top 5. I used to have a good number of Bitcoin in the past. Although I am generally a hodler, I also made several conversions before because of compelling reasons. If I'm not mistaken, I even sold a portion of my Bitcoin portfolio in the 2018 bear market. But, of course, it's not because of fear or panic.

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April 29, 2023, 11:35:54 AM
 #12

It's quite proud to see that you know your category in that statistics. But having it said that you're in this particular category publicly isn't good for your privacy of broadcasting how much you've got currently. Even if we're in the forum, it's all on you whether to speak of how much estimated you've got but then since it is only a range. I highly doubt those that are in 0.1% will say it or even those that are part of the 1% club based on that image.

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April 29, 2023, 11:40:56 AM
 #13

It is wrong to say publicly that I own ten bitcoins. The risk of hackers will increase, as you will be an ideal target for them.

there is no meaning for such classifications. For example, getting $5,000 in a country is considered wealth and sufficient to live a good life, while in other countries it is not enough for half. Month.

What I am trying to say is that such regulations and lists are not ideal for the whole world, just as the amount of Bitcoin was a donation in the year 2013 and now it is considered a year's effort of work.
50 Bitcoin represents a fortune now and in the past it was 10 minutes in a regular laptop.

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April 29, 2023, 11:45:21 AM
 #14

Have you ever seen those whales coming to announce or discussed the amount of bitcoin they have been holding? Such as Elon Musk can never do that on twitter or some institution revealing the exact amount they hold, what you could only see is; so so address transferred thousands of bitcoin to unknown wallet which have no bearer name.
Except for MicroStretegi who announced their purchase and ownership, it is not certain how accurate the amount of BTC the company has.
Because indeed every whale never publishes their BTC holdings, nor do other people ever have an exact amount of BTC.

I've seen it before, but most people like to keep their privacy about the amount of bitcoins they own, some of them also try to hide that they own bitcoins at all.
I once mentioned bitcoin ownership but now that has changed, I will not tell anyone the amount of BTC in possession of which obviously remains private for security reasons, so a holder will definitely shut up never talk about ownership.

For me, I do not find myself in this category because I only hold a small amount of Bitcoin. I earn bitcoins through my work, but I have to cover my family's expenses, so I cannot hold a large amount.
Family needs will be more important than anything else, even if you only hold a small amount of BTC but it will big in the future if you manage to keep holding it.

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April 29, 2023, 12:06:11 PM
 #15

Have you ever seen those whales coming to announce or discussed the amount of bitcoin they have been holding? Such as Elon Musk can never do that on twitter or some institution revealing the exact amount they hold, what you could only see is; so so address transferred thousands of bitcoin to unknown wallet which have no bearer name.
Except for MicroStretegi who announced their purchase and ownership, it is not certain how accurate the amount of BTC the company has.
Because indeed every whale never publishes their BTC holdings, nor do other people ever have an exact amount of BTC.

There is no authenticity mate! If they announces how do you know is the exact of what they said?
So it's better to stay private than exposing oneself of the total amounts you (we) are holding. Although there are few people here who don't own enough volume of bitcoin rather just some fractions they got from few task over here so these sets of people may easily open up with their holdings since they attach no much value rather than selling for some personal expenses.
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April 29, 2023, 12:12:36 PM
 #16

I don't know how other members will take this topic, but i don't think it is correct or safe to estimate to the general public how much BTC you have, that can make you a target of attack. Some people here even know each other in real life, now i can imagine someone claiming they have >1 BTC here and some members know who they are, it is unsafe and a $5 wrench attack can happen to you. I prefer to say i have 0 BTC. Don't make your BTC holdings public.

Yeah and better to me more discreet about things like sharing our funds since we don't know if all of the readers is here to read up fun informations from other forum members. Since there are other seeking for potential victim so if you show some eye catchy to them maybe we will be a target of their attacks. Better to stay low key always to avoid anything that can cause us stress or worse a heavy financial loss.

R


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April 29, 2023, 12:13:00 PM
 #17

Most people will fall in category 5 here or even less. Most of us do not have even that much amount of bitcoin but should aim to be in the top 5 category.
0.135 bitcoin is equal to around 4000$ and everyone should aim to get this amount with them.


I don't know how other members will take this topic, but i don't think it is correct or safe to estimate to the general public how much BTC you have, that can make you a target of attack. Some people here even know each other in real life, now i can imagine someone claiming they have >1 BTC here and some members know who they are, it is unsafe and a $5 wrench attack can happen to you. I prefer to say i have 0 BTC. Don't make your BTC holdings public.

I do not understand how can it be unsafe to declare how many bitcoin do you own ? With bitcointalk we do not have done any KYC and there are no traces of who you are in the real world. So even if you say that you have 1 bitcoin, no one can come after you to snatch that bitcoinBTC  Huh

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April 29, 2023, 12:51:39 PM
 #18

I do not understand how can it be unsafe to declare how many bitcoin do you own ? With bitcointalk we do not have done any KYC and there are no traces of who you are in the real world. So even if you say that you have 1 bitcoin, no one can come after you to snatch that bitcoinBTC  Huh
If you declare it here, you can declare it elsewhere, the message is to learn the habit of not declaring or disclosing it at all, it is all about building up great operational security. You should also know that some members here have posted things like their telegram username, other social media usernames or even their email; if an attacker knows you have a large amount of BTC, you can become a target through these means, or even through forum pm, they can send phishing and malware links to you, or set up other scam methods to attack you, and if the person does not know the ways of scammers, they could fall for it and lose their BTC's.

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April 29, 2023, 01:08:18 PM
 #19

Can we make it little more fun with this, i will like to hear from us the place we are standing at in holding bitcoin in comparing to those having much investment in bitcoin otherwise called whales and other institutions or individuals having little portion of their bitcoin they are holding, because at the end of it all, everyone is a holder as long as you've invested.

Here's the percentage of bitcoin holders and what you need to hold to be in each category belonging to bitcoin holders.
~

In my own case, i still finds myself below the last category which means am holding lesser than 0.135btc as at now, can we make it interactive by giving our own standing point as at now.
Not even the last one. I'm still proud though. I mean if we pull out numbers I reckon holders would be at the top (single digit) % among the entire population of the world. Plus it isn't really a competition, even if it was for fun I wouldn't really trip myself into feeling bad since I only hold a small amount compared to the top holders. We're all holders anw as OP pointed out.

If you declare it here, you can declare it elsewhere, the message is to learn the habit of not declaring or disclosing it at all, it is all about building up great operational security. You should also know that some members here have posted things like their telegram username, other social media usernames or even their email; if an attacker knows you have a large amount of BTC, you can become a target through these means, or even through forum pm, they can send phishing and malware links to you, or set up other scam methods to attack you, and if the person does not know the ways of scammers, they could fall for it and lose their BTC's.
I don't deny that it increases the chances, but in the end wouldn't you assume that everyone here would hold a sizeable amount of knowledge with regards to security and proper storing practices? I'm probably pretty lax about it though since I'm not part of those top owners.

R


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April 29, 2023, 01:13:17 PM
 #20

Most likely the majority here could be in the last tier. No offense, but it seems every one is late on the bandwagon, or least just join the fun in 2017 and we really don't know what to expect or at least have plans to accumulate as much as we can. Or even if he did save a lot, maybe sold off during the height of the bull run to make money and take that profits.

Nothing is wrong with that, but at least if we didn't sell our stash and wait for the bear market, accumulate, rinse and repeat them maybe as time goes by, we could be going up in the tier position.

But I would understand if everyone is not going to disclosed how much BTC they have.
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