Bitcoin stats to kickoff 2020 - page 2.

TheGreatPython

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Quote from: hatshepsut93 on February 03, 2020, 06:17:14 PM

Quote from: CodyAlfaridzi on January 02, 2020, 06:25:58 AM

Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- Around 30,000-60,000 people with more than $1 million worth of bitcoins

Really? How do you determine this? Is it assuming one address = one person?

I don't buy it either, this number is way too high, if it was true, this forum would be full of Bitcoin millionaires. Most likely they just used the logic that 1 address = 1 person, and then took addresses with more than $1mil, but it's obviously deeply flawed, as one person can and usually does own multiple addresses. And then there are exchanges which hold enormous amounts of coins, and many of them are in cold storage so it's even harder to determine how many coins people own.

If we consider smaller amounts like less than 0.05 than there would be lacks of addresses holding that amount of bitcoin. What OP did is perhaps just counted addresses having larger amount of bitcoins considering those are active holders but there also are other people who like to prefer holding smaller amounts onto their exchanges and leave rest of the amount in hardware or cold storage which would never be possible for us to count because already there are a number of hardware wallets and cold storage which people use to safely store their coins without the thread of getting hacked or lost.

There already are a number of bitcoins mined and only classifying people with maximum number of bitcoins would not be good as the statistics should be comprehensive.

sunsilk

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Much better to prove that stats with basis and proof. I'm also thinking if the stats about 30k-60k people holding worth more than $1M of bitcoins.

Let's not forget that bitcoin has reached $13,000 last June 27, 2019. I think this is viable to be added to that stats list and there's a proof for that because we've seen that before.

hatshepsut93

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Quote from: CodyAlfaridzi on January 02, 2020, 06:25:58 AM

Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- Around 30,000-60,000 people with more than $1 million worth of bitcoins

Really? How do you determine this? Is it assuming one address = one person?

I don't buy it either, this number is way too high, if it was true, this forum would be full of Bitcoin millionaires. Most likely they just used the logic that 1 address = 1 person, and then took addresses with more than $1mil, but it's obviously deeply flawed, as one person can and usually does own multiple addresses. And then there are exchanges which hold enormous amounts of coins, and many of them are in cold storage so it's even harder to determine how many coins people own.

FaithInCrypto

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mada mada dane

I quite happy with how stable is Bitcoin this month and I think that the stats above are quite accurate. Of all the things that happened this past month in the world and most of them are negative like war, earthquake, eruption, wildfire and recently, the novel virus, it is very surprising to me that cryptocurrency is quite stable. I hope we will get more positive news about Bitcoin and cryptocurrency for the whole year.

DMetcalfe92

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Its gonna be a great year for bitcoin,of course it has been very consistent at the top since the past years,but this time,I'm sure it's gonna reach an all time high again

kro55

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*STOP NOWHERE*

Great stats though we need to quote reference to support each stats. The most interesting I found was Bitcoin declared dead 379 times. Whenever people say bitcoin is dead that’s the time to buy bitcoin since price at that time will be at its lowest.

Youghoor

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Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- 2019 return +95%
- 150 days where bitcoin moved less than +/- 1%
- Maximum one day move 17.4%
- Minimum one day move -14.1%
- Average absolute daily move 2.4%
- 90% of returns between -4.7% & +6.1%
- 2,863,775.0 bitcoins left to be mined.
- 144 blocks per day are mined on average
- 1,800 new Bitcoins per day
- 83.636% of Bitcoins issued
- Total Bitcoins mined today is 18,136,225 BTC
- There have been 610,898 blocks mined
- Around 30,000-60,000 people with more than $1 million worth of bitcoins
- Bitcoin has been declared dead for 379 times

Feel free to add any other stats you find interesting

Very accurate stats . This shows that adoption of the use of bitcoin in the mainstream financial ecosystem will be very soon. But for people to actually agree with you on the stats above, you should always add references and the source of your info with regard to how you obtain the stats.

aoluain

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Quote from: BitcoinBarrel on January 02, 2020, 07:16:22 AM

Quote

Bitcoin has been declared dead for 379 times

Lol, how many times has it been declared a ponzi scheme?

Actually of all the stats listed, this one is the most interesting to me,
since I am involved with Bitcoin I have heard this rhetoric from high
profile financiers and people of interest and I am so proud that we have
all to date proved them wrong.

airdnasxela

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Interesting. But you're missing something. That's the link. It would be great if you included the link(s) where you get those information. Of course you didn't compute that on your own. It's really hard to determine accurate information like this so most of this are just the average computation I guess. You can't know the exact number of people and amount of Bitcoin all people have.

Asmonist

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That would be great if that will happen. We all hope on that to happen. There are really many factors to consider. And with that statistics there's really hope. Its been already a long period also that the price really not going that high enough. And I guess a year is like too long for it to be low or steady.

gabmen

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Quote from: slaman29 on January 02, 2020, 08:03:10 AM

I think 379 times is far fewer times than the actual deaths Bitcoin has been given. It's now 10 years old, or even older, depending on how you look at it, and I bet even in the first couple of years alone people have poured all kinds of deaths on them a thousand times. I hope this year even more do that. It seems only when people think it's dead that it can truly grow.

Well not a lot of people were paying attention during bitcoins first few years and it's value wasn't at all significant to consider those first "deaths". I expect a few more this year and a couple of resurrections as well lol. Quite a good job of taking down the stats

some are quite interesting to know.

slaman29

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I think 379 times is far fewer times than the actual deaths Bitcoin has been given. It's now 10 years old, or even older, depending on how you look at it, and I bet even in the first couple of years alone people have poured all kinds of deaths on them a thousand times. I hope this year even more do that. It seems only when people think it's dead that it can truly grow.

Nadziratel

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In a report I read today in the Cointelegraph, Bitcoin hash rates were going up to the highest levels in history.
As you can see here;

https://cointelegraph.com/news/bitcoin-kicks-off-2020-more-secure-than-ever-as-hash-rate-hits-record

This seems, something is coming for us

I think that way.

bitcoindusts

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Quote from: bitbunnny on January 02, 2020, 06:57:05 AM

Quote from: CodyAlfaridzi on January 02, 2020, 06:25:58 AM

Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- Around 30,000-60,000 people with more than $1 million worth of bitcoins

Really? How do you determine this? Is it assuming one address = one person?

Another exciting stats is Bitcoin is just about 132 days away from the next halving! This year and the next should be really interesting for crypto space.

That is very interesting information for me to. I wonder where this data about Bitcoin users come from. It's well known fact that the number of Bitcoin users is very hard to determine and the number of Bitcoin addresses definetely can't be criteria. So, every data about users I found so far is based on very rough estimation and exact number can't be determined.

Indeed that catches my attention too. It would be best if OP provided some links to back up his claims. I think this one is a poorly estimated data because no one will really ever know how many wallet address an individual is holding.

BitcoinBarrel

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Quote

Bitcoin has been declared dead for 379 times

Lol, how many times has it been declared a ponzi scheme?

bitbunnny

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Quote from: CodyAlfaridzi on January 02, 2020, 06:25:58 AM

Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- Around 30,000-60,000 people with more than $1 million worth of bitcoins

Really? How do you determine this? Is it assuming one address = one person?

Another exciting stats is Bitcoin is just about 132 days away from the next halving! This year and the next should be really interesting for crypto space.

That is very interesting information for me to. I wonder where this data about Bitcoin users come from. It's well known fact that the number of Bitcoin users is very hard to determine and the number of Bitcoin addresses definetely can't be criteria. So, every data about users I found so far is based on very rough estimation and exact number can't be determined.

DarkDays

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Quote from: CodyAlfaridzi on January 02, 2020, 06:25:58 AM

Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- Around 30,000-60,000 people with more than $1 million worth of bitcoins

Really? How do you determine this? Is it assuming one address = one person?

Another exciting stats is Bitcoin is just about 132 days away from the next halving! This year and the next should be really interesting for crypto space.

There are a variety of online tools that show the distribution of wealth across the Bitcoin network, e.g. by showing the number of addresses holding X amount of bitcoin and other ways, e.g;

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
https://btc.com/stats/rich-list

These are two such tools, but there are dozens of others.

CodyAlfaridzi

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Quote from: RooseveltOah on January 02, 2020, 12:37:49 AM

- Around 30,000-60,000 people with more than $1 million worth of bitcoins

Really? How do you determine this? Is it assuming one address = one person?

Another exciting stats is Bitcoin is just about 132 days away from the next halving! This year and the next should be really interesting for crypto space.

joinfree

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

Every historical shows clearly that investing into bitcoin is a sure bet to win in the future if you are patient enough. However many crypto technical analysts share so many negative comments about the future of bitcoin making it seem like it ain't worth investing into and they do this mainly so that newbies can sell of their bitcoins cheaply. Don't panic folks, bitcoin is surely going to rise with time, this is the time to accumulate as much as you can.

Gamblerwhale

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New to bitcoin but love how fast it is to send around to my brothers!

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