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Question: What percentage of bitcoins do you think are held by people who have profited from bitcoin?
 98% or more 95-98% 85-95% 70-85% less than 70%

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 Author Topic: Percent of bitcoins held by people who have made money with bitcoin.  (Read 1528 times)
weather b0y4
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 September 23, 2014, 12:34:27 AMLast edit: September 23, 2014, 02:23:45 AM by weather b0y4

Profit can come from mining, investing, trading, etc. As long as someones net worth has increased as a result of bitcoin, the bitcoins they own are counted.

EXAMPLE:

person 1 owns 1000 bitcoins purchased at \$20 each
person 2 owns 500 bitcoins purchased at \$1000 each
person 3 owns 500 bitcoins purchased at \$750 each

Statistic A:      1/3 of the people in this scenario have profited
Statistic B:      1/2 of the bitcoins are held by the people who have profited

I am looking at Statistic B. I don't know if it is a useful statistic, but it may be interesting to think about.
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odolvlobo
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 September 23, 2014, 12:41:20 AM

That's easy. Any bitcoins created before November 2013 have been profitable. In November there were about 12 million, or a little more than 90% of the 13.3 million BTC that exist now.

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weather b0y4
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 September 23, 2014, 12:45:16 AM

That seems to be the simple answer, but surely some people cashed out when prices were higher, so some of the coins mined before 2013 are now owned by people who have lost money on bitcoin. And also, I am sure a lot of the coins mined in 2014 are going to people who have profited from bitcoin as well.
odolvlobo
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 September 23, 2014, 01:07:59 AM

That seems to be the simple answer, but surely some people cashed out when prices were higher, so some of the coins mined before 2013 are now owned by people who have lost money on bitcoin. And also, I am sure a lot of the coins mined in 2014 are going to people who have profited from bitcoin as well.

You question is unclear. Perhaps you mean to ask, "What percentage of the people that currently hold bitcoins paid less than what they are worth now?" That's different from "percentage of bitcoins".

My guess would be about 50%.

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weather b0y4
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 September 23, 2014, 02:23:10 AM

I am sorry if it is unclear but here is an example:

person 1 owns 1000 bitcoins purchased at \$20 each
person 2 owns 500 bitcoins purchased at \$1000 each
person 3 owns 500 bitcoins purchased at \$750 each

Statistic A:      1/3 of the people in this scenario have profited
Statistic B:      1/2 of the bitcoins are held by the people who have profited

I am looking at Statistic B. I don't know if it is a useful statistic, but it may be interesting to think about.
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