Bitcoin Distribution - page 2. | Bitcointalksearch.org

seoincorporation

legendary

Activity: 3346

Merit: 3130

It's important to mention Satoshi coins. they should be part of that graphic, and should have their own category because he owns 5% of the network with his 1M bitcoins.

And the lost coins are an important fact too that should be part of that graphic:

Code:

Data analytics firm Chainalysis estimates that about a fifth of all coins mined to date (somewhere between 2.78 and 3.79 million) are lost.

Source: https://www.coindesk.com/tech/2021/12/08/bitcoins-lost-coins-are-worth-the-price/

RapTarX

hero member

Activity: 1358

Merit: 851

I'm wondering how does this chart exactly defines "Miners BTC" vs "Others BTC excluding Exchanges". A miner can be a whale, humpback, or any one of the lists other than exchange. How did the chart owner separate miners BTC from a whale BTC? This is strange & really doubt the chart maker would come with a valid explanation' though I don't know if it can be defined/separated.

gantez

full member

Activity: 1736

Merit: 121

I don't expect this distribution to remain like this during the next bull and halving. We see more hands sharing part in the distribution and manipulation by the whale will reduce. Bitcoin getting to the corners of the world.

Quote from: bitmover on February 04, 2022, 11:15:48 AM

This is not only a bitcoin problem. The concentration of wealth is a big problem, and it always was

1% of the top people has more than 60% of world resources.

This is going to change soon. The few that are hodling wealth both fiat, gold or bitcoin will expound with time because the world now has many ways to reach that level not only by birth.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: jackg on February 04, 2022, 11:10:06 AM

What does the M mean on the charts?

It can't be million but I don't know what it could be 0.87 of otherwise...

A lot of whales will probably lose their funds, get bored, sell their coins or have something else happen to dethrone them as whales I think retail and institutions will become among the largest holders (there are probably a lot of whales that just sit watching their funds in their wallet or who actively participate in crypto - either via development or discussions in the community and those are probably well invested to see bitcoin prosper).

M means millions and it's the total number of BTC in that certain category. Here is the full news you can check by yourself.

I saw a guy's account who brought 40k BTC with an average price of 4k and still holding till now. He didn't book profit at 60k nor panic sell at 30k. It looks like he is enjoying the show and I am thinking what this man could do to the market if suppose BTC goes above 500k after 10 years from now. This is a smart investment by predicting the future or long-term market manipulation by building the future.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: jackg on February 04, 2022, 11:10:06 AM

What does the M mean on the charts?

It can't be million but I don't know what it could be 0.87 of otherwise...

It is million.

The sum is 18.61 million, which is nearly all circulation coins (probably the total coins in circulation when the image was created).

Quote from: laredo7mm on February 04, 2022, 10:30:18 AM

What do you think by seeing this bitcoin distribution chart? According to this chart whales and humpbacks are controlling over 31% of total bitcoin and retail investors are holding 23% of bitcoin. The price of BTC could be less volatile if more retail investors accumulate bitcoin or we could see more market manipulation by whales to shake out retail investors from the market? Which one is good for bitcoin in the long run?

This is not only a bitcoin problem. The concentration of wealth is a big problem, and it always was

1% of the top people has more than 60% of world resources.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

What does the M mean on the charts?

It can't be million but I don't know what it could be 0.87 of otherwise...

A lot of whales will probably lose their funds, get bored, sell their coins or have something else happen to dethrone them as whales I think retail and institutions will become among the largest holders (there are probably a lot of whales that just sit watching their funds in their wallet or who actively participate in crypto - either via development or discussions in the community and those are probably well invested to see bitcoin prosper).

laredo7mm

hero member

Activity: 1498

Merit: 537

What do you think by seeing this bitcoin distribution chart? According to this chart whales and humpbacks are controlling over 31% of total bitcoin and retail investors are holding 23% of bitcoin. The price of BTC could be less volatile if more retail investors accumulate bitcoin or we could see more market manipulation by whales to shake out retail investors from the market? Which one is good for bitcoin in the long run?

update:

chart source: https://insights.glassnode.com/bitcoin-supply-distribution/

Topic: Bitcoin Distribution - page 2. (Read 253 times)