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sandykho47
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July 31, 2014, 12:57:04 PM
 #21

I have about 0.1 BTC, but already spend lot of them  ;D0
i think who have lot BTC, won't tell how much they have (trust me  Grin)

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Elwar
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July 31, 2014, 01:01:29 PM
 #22

A few more after this price drop.

First seastead company actually selling seasteads: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Seastead talk at http://seasteadtalk.org
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July 31, 2014, 01:13:12 PM
 #23

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

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BitcoinMillionaire
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July 31, 2014, 01:27:14 PM
 #24

Well, at least 1'000'000, that's what I can tell you - or I'd have to have my name changed! But I don't want to tell you the exact amount, you see it makes people envy you, they just wanna hang around you because of your money. That stinks, haha. And I really don't wanna brag about such things... So yeah...

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vuduchyld
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July 31, 2014, 01:48:22 PM
 #25

These stats are from a Forbes article from earlier this year:

--There are (or were in January) approximately 12,000,000 bitcoins mined
--47 people own 29% of the coins. 
--930 people own 50% of the coins.
--approximately 10,000 people own 75% of the coins
--approximately 1,000,000 own the rest

I'm sure the numbers could be disputed, but close enough for rounding.  At that time, anyway, that meant 1,000,000 people owned 25% of 12,000,000 coins, or 3,000,000 coins.  That's an average of 3 coins per person, if you're not in the top 1%.

In fact, forget about the 1%.  If you're not in the 930 people (not many of them on this board, and if they are here, they likely won't answer), which is 0.093%, the average is only six coins.

Somehow, I suspect there will be much rounding UP, WAY UP in this thread.

Your math doesnt fit, 29% + 50% + 75%  Huh

lol i was just reading that like wtf?

Those are cumulative values.

Correct.  Cumulative.
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July 31, 2014, 01:49:40 PM
 #26

Ugh, i'm really poor compared to the other forum users. :\ thought i d be atleast in the upper 50% with my 5-10 btc

In real life, you are in the upper 50%.  In forum fantasyland, your imagination is just not vivid enough.
bananaControl
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July 31, 2014, 02:14:51 PM
 #27

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

How is that even possible with such a small dip in price?
philip2000uk
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July 31, 2014, 02:49:24 PM
 #28

I own 4.  I am hoping for some news, i.e expedia going full out into bitcoin, but it takes time to test the hotel selling first and then it will be flights and then they'll adopt it to europe et all

Leather girls identity film2 on youtube and website link i accept bitcoin Smiley
Elwar
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July 31, 2014, 02:53:56 PM
 #29

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

I don't day trade, I stopped doing that after going from about 800 bitcoins to 400 bitcoins as it jumped all over from $17 to $2 and up and down all over the place in between.

I buy the equivalent in bitcoins of what I spend in fiat. I took my dogs to the vet, went out to eat, went to the dump and spent some money toward my vacation next week so I bought the equivalent amount of bitcoins for those purchases.

First seastead company actually selling seasteads: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Seastead talk at http://seasteadtalk.org
Bitcoin_is_here_to_stay
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July 31, 2014, 02:56:15 PM
 #30

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

How is that even possible with such a small dip in price?

Yeah, exactly, it is a weird kind of record with such modest price dip. I guess he used a lot of leverage. Otherwise, he would have to do a dozen of loosing trades in a row.

EDIT: BTW, I agree that most people loose money day trading, but daytrading != panic selling, they are completely different things Wink.
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July 31, 2014, 03:03:43 PM
 #31

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

How is that even possible with such a small dip in price?

Yeah, exactly, it is a weird kind of record with such modest price dip. I guess he used a lot of leverage. Otherwise, he would have to do a dozen of loosing trades in a row.

EDIT: BTW, I agree that most people loose money day trading, but daytrading != panic selling, they are completely different things Wink.

I really don't know if he was leveraged. Don't think so. I don't have any idea whether he really halved his stash or whether this is even possible with the swings we've seen over the past couple days. In his case it definitely is panic selling/buying, though. He doesn't even try to daytrade, his sentiment switches literally every day from bull to bear and back again!

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ThatDGuy
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July 31, 2014, 03:05:14 PM
 #32

Interesting distribution so far, these recent price drops have helped me increase my stash too!
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July 31, 2014, 03:52:46 PM
 #33

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

Protip: you don't need to daytrade to buy more bitcoin. You can just buy (at night if you prefer). Very easy to do successfully, trust me.

i am satoshi
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July 31, 2014, 04:11:55 PM
 #34

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

Protip: you don't need to daytrade to buy more bitcoin. You can just buy (at night if you prefer). Very easy to do successfully, trust me.


I've got a protip: never trust the guy that says "trust me" Wink


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July 31, 2014, 04:18:11 PM
 #35

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

Protip: you don't need to daytrade to buy more bitcoin. You can just buy (at night if you prefer). Very easy to do successfully, trust me.


I've got a protip: never trust the guy that says "trust me" Wink



I'm confused right now. Is there anyone I should still trust around here? If so, who?

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PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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notme
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July 31, 2014, 04:19:53 PM
 #36

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

Protip: you don't need to daytrade to buy more bitcoin. You can just buy (at night if you prefer). Very easy to do successfully, trust me.


I've got a protip: never trust the guy that says "trust me" Wink



I'm confused right now. Is there anyone I should still trust around here? If so, who?

Not me

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Malin Keshar
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July 31, 2014, 05:15:08 PM
 #37

Between 0.6 and 5




I'm confused right now. Is there anyone I should still trust around here? If so, who?

just TRUST NO ONE.

Then no need to worry about being fair by trusting in one, and not in another.
Chef Ramsay
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July 31, 2014, 05:26:24 PM
 #38

Spent about 30 coins on mining supplies last year, that was my learning curve. Shocked Yep
ThatDGuy
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July 31, 2014, 05:28:53 PM
 #39

A few more after this price drop.

So you actually day-traded successfully? That's a rare thing. Most people tend to lose a substantial amount of their savings when they are panicking! Look into the Wall Observer thread! ShroomsKit claims he had 2 BTC just yesterday and traded his way down to 1 BTC now.

Protip: you don't need to daytrade to buy more bitcoin. You can just buy (at night if you prefer). Very easy to do successfully, trust me.


I've got a protip: never trust the guy that says "trust me" Wink



I'm confused right now. Is there anyone I should still trust around here? If so, who?

Trust the blockchain.
HurricanOday
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July 31, 2014, 05:47:24 PM
 #40

I have 10 coins with a buy average buy in at 530 most of my coins were in mid 400s but bought 2 when it at 6 something

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