A new milestone: 1M addresses hold 1 Bitcoin

[Captain Corporate]

So sweet, I hope that it grows bigger. I think even bigger information would be amount of addresses that hold bitcoin, that is also considered but there are ways to just put in a few satoshi in millions of addresses if you want so that is always a confusing one. So I would guess like at least 100$ in a wallet, if that could be counted that would be lovely and yes in there we would see exchanges and people with multiple wallets as well but atl east we would see the number increasing. The more people who are interested in bitcoin the better. We should be seeing more and more people getting interested in bitcoin so that we could continue to actually mean something, otherwise its not going to be good at all, we need to constantly grow to mean something.

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[tjtonmoy]

It's good to see that the community is growing at this speed. I used to think that price drops are bad things. But as I have learned in the past 2 bear markets, it's an opportunity. Many new will join and others will fill their bags in this bear markets. This is quite an achievement for Bitcoin community. And I think it is worth of celebrating. We still have a long way to go in order to reach global acceptance of Bitcoin. This achievement really shows us that we are going in the right direction. I think we won't have to wait that much as we have predicted.

[CryptSafe]

It's good to see that the community is growing at this speed. I used to think that price drops are bad things. But as I have learned in the past 2 bear markets, it's an opportunity. Many new will join and others will fill their bags in this bear markets. This is quite an achievement for Bitcoin community. And I think it is worth of celebrating. We still have a long way to go in order to reach global acceptance of Bitcoin. This achievement really shows us that we are going in the right direction. I think we won't have to wait that much as we have predicted.

A growth with speed is what we desire for bitcoin so as to get a wider and bigger community of bitcoin enthusiasts and believers. This is the ultimate goal for which we  are here for.

Price drop for bitcoin is very much beneficial to all as it would usher in new investors who are ready and willing to purchase bitcoin in high volume and fractions as well. All are still part of the bitcoin holders irrespective of the volume being bought by them. So therefore, price drop in bitcoin and Crypto generally are not bad, it is right time to bag more if you can as long as the token or coin have a utility value or use case, that would give you a guide on coin or tokens to purchase.
Nevertheless, at this stage based on the percentage of the world population aware of bitcoin,  it is just minuit compared to the  total numbers of humans  in the world itself which invariably means that bitcoin is still at its early adopters stage and this is no cause for alarm as we still have a long way to go in the bitcoin movement.

[Faisal2202]

The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million.

That's good news then, because mass adoption will help BTC to set a new ATH above $100k, As last time Elon sold most of his BTC holding when it crosses $60k. If 1 million people holds one btc means there are i million BTC are in holding and if all of them are newbies and reason behind holding these BTC are halving and selling them such as Elon has did then i it will effect the price but i do know this is not that much supply to effect it but, at least if all of those 1 million holders have a mind set to sell there BTC above $100k then i think BTC will succeed to go above it.

It doesn't matter to me how many of those belong to one owner.

i think there is no bad in holding these tokens because this will decrease the circulation supply and demand is increasing too, so it is a good factor in halving of BTC to cross $100k. All i afraid, what if those newbies fall prey to market sentiments or greed and sold there holdings too soon even before starting of bullish cycle. Well, its there money they could do anything with it.

[justdimin]

It's good to see that the community is growing at this speed. I used to think that price drops are bad things. But as I have learned in the past 2 bear markets, it's an opportunity. Many new will join and others will fill their bags in this bear markets. This is quite an achievement for Bitcoin community. And I think it is worth of celebrating. We still have a long way to go in order to reach global acceptance of Bitcoin. This achievement really shows us that we are going in the right direction. I think we won't have to wait that much as we have predicted.

I understand that it is not going to be easy to handle this because it takes a long time for people to have this many people and reaching these levels are great because many people thought that we are not going to be growing. Some people may look at today and think that this was inevitable, but I remember clearly that 10 years ago people would use to say we would not even have a million people interested in it let alone have 1 bitcoin on their wallets.

I think it is important to remember that there are only 21 million bitcoins, or there will be, so at the very maximum we are going to see 21 million people have this, and we are already at 1 million mark, it is going to eventually cause the price to spike insanely high when the time comes.

[Flexystar]

That’s good I never doubted bitcoin and bitcoiners holding it in their wallets. There might be many more than that who posses one full bitcoin because we have been through many years now and people are already filling up their wallets all the time.

There might thousands of them who are already on this forum. I mean most of the mixer participants and old campaign participants might have gone way beyond 2-3 bitcoins in their wallets already. Considering the fact that most of them might not have sold since 4-5 years in a row or they did DCA investment.

[tjtonmoy]

~snip

Everything takes time and a proper approach towards its growth.  Maybe months, years, decades, who knows?  But once it has taken the pace, it will gradually start to grow more and move as we move towards the future.  You cannot become a millionaire overnight, it will take time and effort in order to make that happen.  Some goes with Bitcoin growth.  We have seen in the past that Bitcoin has slowly but surely grown.  As you have mentioned, like people used to say that no one will own one bitcoin in their wallet.  Now see how much it has grown.  And now the numbers are just going to go up. This is like once a thing start to grow, it will pick up the pace and nothing can stop it. Bitcoin is moving towards that direction for sure. Not everyone can afford to own 1 Bitcoin in their wallet, but the number of people owning Bitcoin will grow as we keep moving towards the future. The total number of people will increase, and the number will skyrocket.  It's just gonna need some time.

[Velemir Sava]

According to glassnode, the number of address holding atleast 1 BTC are now 1 million.

This Signs of power from the bulls round is coming!!

[justdimin]

Everything takes time and a proper approach towards its growth.  Maybe months, years, decades, who knows?  But once it has taken the pace, it will gradually start to grow more and move as we move towards the future.  You cannot become a millionaire overnight, it will take time and effort in order to make that happen.  Some goes with Bitcoin growth.  We have seen in the past that Bitcoin has slowly but surely grown.  As you have mentioned, like people used to say that no one will own one bitcoin in their wallet.  Now see how much it has grown.  And now the numbers are just going to go up. This is like once a thing start to grow, it will pick up the pace and nothing can stop it. Bitcoin is moving towards that direction for sure. Not everyone can afford to own 1 Bitcoin in their wallet, but the number of people owning Bitcoin will grow as we keep moving towards the future. The total number of people will increase, and the number will skyrocket.  It's just gonna need some time.

I agree with this, this is why I am in favor of long term approach as always. While some people tried to tell me what some coin they held made them, I said I made a lot less with bitcoin and they mocked me, now most of them lost their money and they are crying over what they could have done, and yet I am doing fine and I do not worry about anything at all.

People could make their decisions based on what they are seeing currently and I understand that, shortsighted investments are a common thing and I get it, but I am not going to be doing anything like that, I am just going to consider the situation as normal and will not matter to me at all. I think the best thing to do in this case is to make sure that people end up with a good result while waiting long term.

[Minecache]

It's good to see that the community is growing at this speed. I used to think that price drops are bad things. But as I have learned in the past 2 bear markets, it's an opportunity. Many new will join and others will fill their bags in this bear markets. This is quite an achievement for Bitcoin community. And I think it is worth of celebrating. We still have a long way to go in order to reach global acceptance of Bitcoin. This achievement really shows us that we are going in the right direction. I think we won't have to wait that much as we have predicted.

A growth with speed is what we desire for bitcoin so as to get a wider and bigger community of bitcoin enthusiasts and believers. This is the ultimate goal for which we  are here for.

Price drop for bitcoin is very much beneficial to all as it would usher in new investors who are ready and willing to purchase bitcoin in high volume and fractions as well. All are still part of the bitcoin holders irrespective of the volume being bought by them. So therefore, price drop in bitcoin and Crypto generally are not bad, it is right time to bag more if you can as long as the token or coin have a utility value or use case, that would give you a guide on coin or tokens to purchase.
Nevertheless, at this stage based on the percentage of the world population aware of bitcoin,  it is just minuit compared to the  total numbers of humans  in the world itself which invariably means that bitcoin is still at its early adopters stage and this is no cause for alarm as we still have a long way to go in the bitcoin movement.

I don't think many people see the benefits of the bitcoin price drop or the bear market as something in our favor. Because as I observe most of the bitcoin price prediction topics, everyone wants bitcoin to continue to rise and recover quickly to 40k or 50k. Few expect the bear season to last or bitcoin to fall below $20k again. Or it looks like many people bought at a higher price, so most don't want to see bitcoin drop in price.

It's still the right time to buy bitcoin, but I don't think altcoins are a good option, I mean, I haven't seen any altcoins with a utility or use case. It's all just a cliché theory, no project has been put into practice yet, so don't believe what they advertise. Investing in altcoins is not bad, but it needs to be at the right time, now is not the time to believe in altcoins.

Although bitcoin is 14 years old, we are still in the early stages of this revolution, so don't miss this once-in-a-lifetime opportunity.

[rybako]

The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million. According to the report, last year when the market took a deep dive, a good number of persons were wise enough to grab some bags. Although, some addresses belong to crypto exchanges and some persons might have more than one wallet address but this milestone achievement is worth celebrating.

Source: https://cryptoslate.com/insights/a-new-milestone-1m-addresses-hold-1-bitcoin/

This is because of current prices. Even the current price point is a good time to entry. Anyone holding one bitcoin can make about $100000 in profit in next year at current prices and past growth. No other investment will give these returns.

[livingfree]

This is because of current prices. Even the current price point is a good time to entry. Anyone holding one bitcoin can make about $100000 in profit in next year at current prices and past growth.

We're certain and hoping that $100k is going to happen soon but not everyone can avail to have 1 Bitcoin and those that have it, well, we're just waiting for the right time until it comes.

And this milestone will not stop and it will more astonishing in the near future when everyone starts to see how much bitcoin is once again.

No other investment will give these returns.

Well, those that have made a lot of profits with altcoins can argue with you. But of course, we're forever with and for Bitcoin.

[tjtonmoy]

~Snip

Alts were never an option from the beginning. They are just a cheap copy of Bitcoin itself, and they can never provide what they have promised. Always saying that they are better than Bitcoin, bla bla bla. Like, where's your proof? At least do the half what Bitcoin is capable of. Those who knows this, they will never choose other ALTS over Bitcoin. And only those who are not capable of holding for a long time will say that Bear market is bad business. Also newbies who will face it for the first time.

[calonpa]

The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million. According to the report, last year when the market took a deep dive, a good number of persons were wise enough to grab some bags. Although, some addresses belong to crypto exchanges and some persons might have more than one wallet address but this milestone achievement is worth celebrating.

Source: https://cryptoslate.com/insights/a-new-milestone-1m-addresses-hold-1-bitcoin/

It is a very good stat which shows that more and more people are using bitcoin. They are holding 1 bitcoin which is big amount in dollars and this shows their trust on crypto. The numbers will increase with time with more users.

[Minecache]

~Snip

Alts were never an option from the beginning. They are just a cheap copy of Bitcoin itself, and they can never provide what they have promised. Always saying that they are better than Bitcoin, bla bla bla. Like, where's your proof? At least do the half what Bitcoin is capable of. Those who knows this, they will never choose other ALTS over Bitcoin. And only those who are not capable of holding for a long time will say that Bear market is bad business. Also newbies who will face it for the first time.

I do not recommend anyone to invest in altcoins at this stage because it is too risky. But as I said above, investing in altcoins is not necessarily bad, but we want to invest and need to choose the right time. In my opinion, altcoins are suitable for short-term investment and preferably during the bull season, never hold them for as long as bitcoin.

I think we are here for profit, so there is no need to be so stubborn and pass up other opportunities. For the safety of our investment, bitcoin is always the preferred choice, but the opportunity with altcoins should not be missed. Don't worry too much about alts being junk or trash, but as long as they're profitable, don't ignore them. Why not speculate on altcoins for profit and accumulate bitcoins afterward?

[ektotanes]

It's great that people were able to accumulate some bitcoin while they had the opportunity. This milestone is worth celebrating!

[FrozenBit]

This is a good thing when Bitcoin achieves a new milestone in its history. Changes in ownership among Bitcoin holders occur continuously. Some individuals may choose to sell their holdings during the bull run to take advantage of the price increase, while others may see it as an opportunity to accumulate more Bitcoin. This dynamic between buyers and sellers contributes to the constant circulation of Bitcoin in the market. More than that, as the number of Bitcoin holders increases and awareness increases, it can contribute to continued Bitcoin use and acceptance in various ways. Also If historical patterns persist, the halving could contribute to an increase in the number of wallets holding more than 1 bitcoin, as scarcity and the potential for a long-term appreciation of value will drive the accumulation strategy.

[drwhobox]

This is a good thing when Bitcoin achieves a new milestone in its history. Changes in ownership among Bitcoin holders occur continuously. Some individuals may choose to sell their holdings during the bull run to take advantage of the price increase, while others may see it as an opportunity to accumulate more Bitcoin. This dynamic between buyers and sellers contributes to the constant circulation of Bitcoin in the market. More than that, as the number of Bitcoin holders increases and awareness increases, it can contribute to continued Bitcoin use and acceptance in various ways. Also If historical patterns persist, the halving could contribute to an increase in the number of wallets holding more than 1 bitcoin, as scarcity and the potential for a long-term appreciation of value will drive the accumulation strategy.

Indeed great news. This indicates that people now holding and investing in bitcoin more than ever. One million is a huge number and imagine how many addresses hold at least 0.01 bitcoin. I think people now believe in bitcoin and many people are investing in it. I saw so many people posting on the forum about implementing bitcoin into their business. All these positive actions helps bitcoin to grow more.

[flyingcarpet]

The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million. According to the report, last year when the market took a deep dive, a good number of persons were wise enough to grab some bags. Although, some addresses belong to crypto exchanges and some persons might have more than one wallet address but this milestone achievement is worth celebrating.

Source: https://cryptoslate.com/insights/a-new-milestone-1m-addresses-hold-1-bitcoin/

The more valuable something is, the more people it serves. I think that's what makes Bitcoin beautiful. He states that everyone is equal in society and bitcoin doesn't just choose a certain segment. Anyone who wants to access Bitcoin must access and use it. I am really happy with this news. Even though I don't have 1 bitcoin, it's good news that so many people have it.

[South Park]

I don't think many people see the benefits of the bitcoin price drop or the bear market as something in our favor. Because as I observe most of the bitcoin price prediction topics, everyone wants bitcoin to continue to rise and recover quickly to 40k or 50k. Few expect the bear season to last or bitcoin to fall below $20k again. Or it looks like many people bought at a higher price, so most don't want to see bitcoin drop in price.

It's still the right time to buy bitcoin, but I don't think altcoins are a good option, I mean, I haven't seen any altcoins with a utility or use case. It's all just a cliché theory, no project has been put into practice yet, so don't believe what they advertise. Investing in altcoins is not bad, but it needs to be at the right time, now is not the time to believe in altcoins.

Although bitcoin is 14 years old, we are still in the early stages of this revolution, so don't miss this once-in-a-lifetime opportunity.

Those which do not like the idea of seeing the price of bitcoin drop are the ones that probably entered the market recently and they are just at their breakeven point at the current prices, however the rest of the market participants which have been here for a longer period of time probably look forward to a decrease on the price of bitcoin, and when it comes to altcoins I prefer to stay away from most of them, however once the bull market is present it may not be a bad idea to invest some of our profits in an altcoin or two, as the altcoin season has the tendency to appear a little bit later than the bitcoin bull run.