big accounts continue coin accumulation

Denker

legendary

Activity: 1442

Merit: 1014

Quote from: btcxyzzz on March 13, 2016, 08:37:26 AM

Quote from: jasonjm on March 11, 2016, 08:33:14 PM

top 100 accounts had 6 268 000 coins in early January

total as of today is 6 550 000 coins

That is explaining strong price with such bad fundamentals.... Shaking off the weak hands. Obviously whales are on Blockstream/Core side, I just don't know why. They will all be smashed by Ethereum. Bitcoin is done.

Oh damn!
So you say Bitcoin is dead?
Again?
Ok. Please submit your obituary here --https://99bitcoins.com/submit-obituary-3/>
Thanks!

JosNekoKopa

sr. member

Activity: 476

Merit: 250

Stories about first 10 or 100 biggest wallets are just speculations, we don't have a clue who owns them.
And we should watch different markers for good predictions of future price, this one is false.

btcxyzzz

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Activity: 888

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Monero - secure, private and untraceable currency.

Quote from: jasonjm on March 11, 2016, 08:33:14 PM

top 100 accounts had 6 268 000 coins in early January

total as of today is 6 550 000 coins

That is explaining strong price with such bad fundamentals.... Shaking off the weak hands. Obviously whales are on Blockstream/Core side, I just don't know why. They will all be smashed by Ethereum. Bitcoin is done.

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

How do we know that one person owns those coins simply by addresses with a lot of money in them? There's plenty of exchanges and services out there, and all the smart ones are using cold storage. That means what may appear to be a 'whale' is just the pooling of hundreds of user's money.

JavaLove

sr. member

Activity: 434

Merit: 250

Streamity Decentralized cryptocurrency exchange

Problem is you can't have socialism in something like Bitcoin. And that's a damn good thing, too.

We don't need added taxes for transactions, or payments simply because we earn more than you (and thus work harder than you).

Bitcoin is not centralized and is completely anonymous. Chances are, those addresses are either shared, or even owned by big banks (such as blockchain or coinbase) and sometimes even exchanges. In that case, the money is still dispersed just appearing on one address.

I definitely don't own any amount near that, in real life or with Bitcoin, but I strive to keep working hard. The rich have earned their money fairly. EVEN if they inherited it from generations ago, they worked for it. Respect that.

In bitcoin you can already get free money by playing on faucets, and because the currency is so volatile, you can earn a huge return on small investments. Please don't say that the addresses are owning more is a bad thing. You don't know the scenario and, honestly, you should just try and work your way up if you want to be as rich as they are -- not trying to take their money away through taxes.

bit1

legendary

Activity: 938

Merit: 1000

If one of them drop the bag just insurance market better than they continue to accumulate, Or who knows because if one throws the bag another people surely lift the bag quickly.

gkv9

legendary

Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

This will even get worse when time will come that these accounts will already have more than 50% of total coins accumulated anyhow, and during that time, BTC will be on the verge of destruction as either people will buy BTC at the rates these guys would want to sell them, or it will be completely out of interest for everyone and everyone will leave...

1Referee

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Quote from: Alley on March 12, 2016, 12:34:14 AM

Any smart investor is accumulating all the way to the halving. Then reevaluate after.

The smartest investors have been accumulating coins while the price was stuck at sub $300 prices for such a long time.

Amph

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Activity: 3206

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Quote from: kwukduck on March 11, 2016, 11:46:48 PM

The distribution of wealth will always be unequal. Even if you give every person in the world the same amount of money it will end up distributed very unequal.
Some people just know how to offer services and products that others want. The masses will consume like sheep without ever investing in themselves or the society they live in.

this because we are too many, and it's a way the econimc tell us that many are not needed here

that's why you have an unbalanced distribution for everything

nostal02

member

Activity: 112

Merit: 10

Quote from: Alley on March 12, 2016, 12:34:14 AM

Any smart investor is accumulating all the way to the halving. Then reevaluate after.

True,they are the only ones who are getting rich because of the amount of bitcoin they are accumulating.
Specially the whales and chinese miners who cant wait for the halving to come.

Alley

legendary

Activity: 910

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Any smart investor is accumulating all the way to the halving. Then reevaluate after.

Soros Shorts

donator

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Quote from: BellaBitBit on March 11, 2016, 09:35:22 PM

How many of those addresses do you think are someones 2nd and 3rd addresses, meaning what is your guess on the amount of actual people compared to addresses in that pool?

Yeah, and how many addresses are shared addresses. You know, where the whole hippie commune share a single Bitcoin address.

Pitchblackroom

sr. member

Activity: 313

Merit: 250

Quote from: European Central Bank on March 11, 2016, 09:12:19 PM

And when you consider that the sharper cookies split their coins across multiple addresses we're drowning in whales.

Bitcoin is a whale market already, there are a lot of people who are able to manipulate the market with 500-600 Bitcoin and with all of the FUD and other shill information, we really don't know where Bitocin will go in the next few months. besides seeing that ETH has reached that Billion Dollar Market Cap.

pooya87

legendary

Activity: 3444

Merit: 10558

many of those addresses in the top 100 of blockchain.info are cold storage for some services like big exchangers, gambling sites and like that so you can't speculate with that information.

but apart from that, the accumulation has been going on for a long time now. it has started around $200 and all the whales and little fishes like me have been accumulating bitcoin for 2016 big pump yet to to come.

talks_cheep

legendary

Activity: 1036

Merit: 1000

I have only about 100 coins, split across 200 addresses. I'm paranoid like that.

kwukduck

legendary

Activity: 1937

Merit: 1001

The distribution of wealth will always be unequal. Even if you give every person in the world the same amount of money it will end up distributed very unequal.
Some people just know how to offer services and products that others want. The masses will consume like sheep without ever investing in themselves or the society they live in.

BellaBitBit

hero member

Activity: 756

Merit: 500

How many of those addresses do you think are someones 2nd and 3rd addresses, meaning what is your guess on the amount of actual people compared to addresses in that pool?

European Central Bank

legendary

Activity: 1288

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The elite is the elite no matter what happens. They're like the stars. They'll never go away. That's why they're the elite.

Zeke2345

member

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★YoBit.Net★ 350+ Coins Exchange & Dice

Would love to see this confirmed. If this is factual, bitcoin is not actually destroying the elite, its actually just adding people to it.
The whole idea of bitcoin seems to get lost when profit factors in.

European Central Bank

legendary

Activity: 1288

Merit: 1087

And when you consider that the sharper cookies split their coins across multiple addresses we're drowning in whales.

Topic: big accounts continue coin accumulation (Read 1283 times)