Topic: How many people or percentage has held at least 50 or 100 btc at one point? (Read 938 times)
August 10, 2019, 01:08:19 PM
me - 250.375 Bitcoin at about $250 each plus 250.375 Bitcoin cash given for free when it first came out in August. Made me wealthy.
August 10, 2019, 05:37:45 AM
Would it be safe to say that lot of ppl had 1000 btc or more when it was like 1 cent or 10 cents?
How about to start from the beginning of your thread and read all posts? You get many quality answers, and you still ask same question to which there is no 100% correct answer. What is lot of ppl by your definition, is that 1000, 5000 or maybe 10 000 people?
In early days 50 BTC per block on average every ten minutes makes 7200 BTC per day or 216000 BTC per month, so in first 4 years it was mined over 10 million BTC, which are realistically divided between a very small number of people who mined in that period of time.
August 10, 2019, 02:15:03 AM
Would it be safe to say that lot of ppl had 1000 btc or more when it was like 1 cent or 10 cents?
August 07, 2019, 11:21:20 AM
I think there is no way that we can know that. If we will base our count based on the number of wallets then we will definitely get the wrong number. I think one person can own multiple Bitcoin wallets or group of people may own a single wallet. We can trace what is the largest amount on every wallet but we can still don't know the details about the owners.
You are absolutely right. Analyzing the wallet balances may not give the proper distribution of Bitcoin holding by individuals. For me, the most reliable data may be the leaked Mt Gox user data of 2014. It had information on both fiat and crypto balances of all the Mt Gox users at that time and since it was mandatory to undergo KYC in Mt Gox, I would rate this information as quite accurate.
There are other studies out there, and one which caught my attention is the Bitcoin distribution thread by rpietila. You can find the thread here:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
I found the thread quite interesting, but can't vouch for the accuracy of the data. A number of the trusted users have came out against rpietila, and they have claimed that his stats lack any truth.
August 07, 2019, 03:04:44 AM
Well what if someone uses electrum and has btc but they are spread out in different addresses? So wouldn't that mean someone with say 200 btc could have 100 in one and 2 in another etc?
Correct (except for the part that 200 =100+2). As I stated before, there is no general way to know which addresses belong to a single individual or entity, and therefore the OPs question is not resoluble except for declared personal cases (which, in sum, will not be representative of the global amount of people que OP’s query wanted to know). That’s why I proposed the above table as an alternative approach, which varied the OP’s question, but that does have objective global data associated to it: the number of addresses at a given point in time that hold a certain range of BTCs. To add perspective, I added some historical snapshot data.Quote
So the current btc at the moment. There is btc in over 20 million btc addresses at the current moment? So half of the current btc in an address now has 0.001 btc and less?
Accordind to the data shown at https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html, there are 20,8M BTC addresses currently (*) ; 48,6% of which hold more than 0 BTCs less than 0.001 BTCs. (*) The cero interval is an open interval, and therefore, addresses with 0 BTCs are not accounted (meaning that there are more addresses than the 20,8M BTCs, but without balance).
Quote
Why is the 10-100 btc bolded though compared to the other ones?
I highlighted that line simply because it was the range that included (not equal) the interval the OP wanted to query about, with all the fine print stated above. August 06, 2019, 07:28:38 PM
As for your title
Re: How many people or percentage has held at least 50 or 100 btc at one point?
You will never know, Because you can`t tell if people have multiple addresses or not. 1 person could have 1000`s of wallets with 50 btc in them. No way to tell if it is 1000 people or 1.
Re: How many people or percentage has held at least 50 or 100 btc at one point?
You will never know, Because you can`t tell if people have multiple addresses or not. 1 person could have 1000`s of wallets with 50 btc in them. No way to tell if it is 1000 people or 1.
August 06, 2019, 07:21:40 PM
I met someone who held a lot of bitcoins at one time. He was buying mining equipment as a hobby in 2013 and you had to have at least 20 bitcoins to buy anything because the price was so low below 100 dollars a coin. People didn't see it as low to them it was high because bitcoin kept rising.
Many people had that much because you could invest the value of a new laptop into this thing and get close to 20 so holding 50 or 100 wasn't a big deal. If they only knew
Many people had that much because you could invest the value of a new laptop into this thing and get close to 20 so holding 50 or 100 wasn't a big deal. If they only knew
August 06, 2019, 06:04:32 PM
It's very complicated to know who people holding huge of bitcoin and get rich by doing this ways but of course I believe a lot of the holders at that time they get huge profits and possible a rich. We know hard to trace and difficult to know who is them because bitcoin is anonymous same from of the holders.
August 06, 2019, 04:10:23 PM
Well what if someone uses electrum and has btc but they are spread out in different addresses? So wouldn't that mean someone with say 200 btc could have 100 in one and 2 in another etc?
So the current btc at the moment. There is btc in over 20 million btc addresses at the current moment? So half of the current btc in an address now has 0.001 btc and less?
Why is the 10-100 btc bolded though compared to the other ones?
So the current btc at the moment. There is btc in over 20 million btc addresses at the current moment? So half of the current btc in an address now has 0.001 btc and less?
Why is the 10-100 btc bolded though compared to the other ones?
August 06, 2019, 10:49:51 AM
This is not going to answer the question in the OP, but is may serve to get a general lateral idea through viewing the number of addresses with a certain range of BTCs, and their evolution over time:
The information is derived from https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html, and the historical data from (irregular) instances of the same page over time, stored in the WayBackMachine. The information is not stored at regular intervals, thus I have selected dated based on those available (there is no save 2016 snapshot for instance).
People do not just manage a single address, so there is no way of knowing which of those addresses add up to a larger sum from a person’s point of view. Being the OPs query not resoluble either than by sheer personal declaration and count of a limited set of answers, this could serve as the next best thing from a global point of view.
The information is derived from https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html, and the historical data from (irregular) instances of the same page over time, stored in the WayBackMachine. The information is not stored at regular intervals, thus I have selected dated based on those available (there is no save 2016 snapshot for instance).
People do not just manage a single address, so there is no way of knowing which of those addresses add up to a larger sum from a person’s point of view. Being the OPs query not resoluble either than by sheer personal declaration and count of a limited set of answers, this could serve as the next best thing from a global point of view.
August 06, 2019, 10:37:26 AM
Thus there probably are many would be millionaires even now had they kept the btc? How much people around the world would you say that is around? Are there lot of people back then who had say 500 or 1000 btc and bought it for like 10 cents and then sold it at 1 dollar and thought great i made a great profit? Then they did not follow btc after that only to see how much it has went up later on?
maybe no one knows for sure, but I have the assumption that if the price of bitcoin is high, the number of holders of large amounts of bitcoin will decrease, but conversely if the price of bitcoin has decreased, then the holders of large amounts of bitcoin will increase. I assume so after seeing the increase in the price of bitcoins which almost reached $ 20K and many bitcoin holders who sold some of their bitcoin and when in 2018 when bitcoin almost touched the price of $ 3000, the bitcoin millionaires returned to collect their bitcoins periodically August 06, 2019, 10:00:23 AM
I am not sure about the number of individuals who held more than 50 BTC at some point of time. Due to the anonymous nature of BTC, such stats are not available. I am someone who held 70 BTC at one point (and lost most of it). I still regret the way I lost all those coins. If I had them in my wallet now, then I could have retired from my full time job and purchased my own house.
I started collecting crypto in 2012. I purchased 15 BTC for $150 in 2012, and accumulated more than 50 BTC from airdrops, signatures and freelancing. By mid-2013, I had more than 70 BTC in my wallet. Then I became greedy and invested in BTCT-Co. The exchange suddenly closed down, and I lost about 30 BTC when that happened. Then during 2014-15, I went through some financial difficulty and had to sell most of the remaining coins.
I started collecting crypto in 2012. I purchased 15 BTC for $150 in 2012, and accumulated more than 50 BTC from airdrops, signatures and freelancing. By mid-2013, I had more than 70 BTC in my wallet. Then I became greedy and invested in BTCT-Co. The exchange suddenly closed down, and I lost about 30 BTC when that happened. Then during 2014-15, I went through some financial difficulty and had to sell most of the remaining coins.
August 06, 2019, 03:23:30 AM
there were actually many . too many that we cannot exactly count anymore .
by browsing on this forum we can see different people with different threads about how they was dissapointed to loose thier huge amount of btc because they didnt expect that btc will grow huge like this but some are just on a badluck to loose thier btc on thier old hardrives and broken devices such as usb flash drive , computer , etc ... but for other we can say that we are lucky because we didnt experience those horrilble experience that they have before .
by browsing on this forum we can see different people with different threads about how they was dissapointed to loose thier huge amount of btc because they didnt expect that btc will grow huge like this but some are just on a badluck to loose thier btc on thier old hardrives and broken devices such as usb flash drive , computer , etc ... but for other we can say that we are lucky because we didnt experience those horrilble experience that they have before .
August 06, 2019, 03:17:20 AM
That is a very big question as no one can actually say what percentage of people has such in their possession right now bit we donhave some whales and also exchanges can have such bit we can't get the figure for sure.
That is right, it is hard to tell, holding such Amount of bitcoin depends on the financial status of the investor and the amount bitcoin was sold for at the time the interest to invest in bitcoin arose. I doubt if we have anyone that can even still boast of having their BTC bought 10 years ago intact. We have several people that bought at 1 cent and sold at 1 dollar without ever thinking bitcoin will get to this stage. The only people that I know usually do have up to such amount aside whales are traders, because tee more money they trade with, the more they get from it. Some have even been able to gather up to that, but because of personal needs, they end up spending. I could remember that there was time I could boast of 7 BTC, but as needs arises and I started spending, the BTC kept declining until it turns to 2 BTC, so for me, I can only boast of 2BTC right now for my bitcoin investment.
August 05, 2019, 01:09:20 AM
Are there lot of people back then who had say 500 or 1000 btc and bought it for like 10 cents and then sold it at 1 dollar and thought great i made a great profit? Then they did not follow btc after that only to see how much it has went up later on?
Everyone used to mine bitcoin in the earlier days literally using your CPU and GPU power and during those period the block reward was 50BTC and you could get thousands of coins if you had a decent GPU in no time until people started mining pools to combine the hashing power, so when the market started its valuation people used to sell the coins at that rate basically single and double digit valuation and you never felt that you are selling off your golden goose during that time. August 04, 2019, 12:33:08 PM
i think less than 0.0000013 of world population has ever held more then 1 bitcoin.
How does this info help you?
How does this info help you?
August 04, 2019, 07:18:36 AM
Think again, before the merit system was introduced a year ago (2018), it took just appropriately 3years to achieve the legendary rank status with activities. Therefore anyone privilege to be active on the forum would had been able to achieve that rank irrespective of hodling bitcoin or not. Don't forget most users only joined the forum so they could earn themselves some bitcoin and not because they had bitcoin beside, back then the level of trust bitcoin has now wasn't present so not everyone would be optimistic enough to invest approximately $30,000-$50,000 into holding 100 BTC as you presume.
Aye. It's bonkers to assume that you're loaded just because you've been here a long time. I've seen plenty of old school users admit to having a piddling amount.
Real life gets in the way for most people. It might have been the only source of realisable money for many and the bills never stop coming.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
August 04, 2019, 06:51:21 AM
I think everyone who on the forum has the rank of a legend by far have 100 bitcoins on your account).It is difficult of course to know the exact number of holders, but I have never had even 10 bitcoins on the account.
Think again, before the merit system was introduced a year ago (2018), it took just appropriately 3years to achieve the legendary rank status with activities. Therefore anyone privilege to be active on the forum would had been able to achieve that rank irrespective of hodling bitcoin or not. Don't forget most users only joined the forum so they could earn themselves some bitcoin and not because they had bitcoin beside, back then the level of trust bitcoin has now wasn't present so not everyone would be optimistic enough to invest approximately $30,000-$50,000 into holding 100 BTC as you presume.
August 03, 2019, 04:05:02 PM
Right now the percentage of bitcoin users seems to be 3-5%, among them when we calculate about the people having 50,100 or more bitcoin will be very less. Most of the users with such a big number seems to be the early adopters. When it was a giveaway none cared about it. Further when growth progressed the demand increased same is the price and it went as an expensive investment.
Yes, I remember the story with the guy who threw his hard drive on the garbage that stored thousands of bitcoins.When he found out what the price of bitcoins became, he started looking for that hard drive in a landfill, but naturally he never found it. It's sad to hear such stories.I didn't have a lot of bitcoins just because there was nowhere to buy them.I just didn't know how to buy it. August 03, 2019, 02:33:23 PM
but at what price was it where ppl say okay this could be something? Like 1 dollar? Obviously when it was 10 or 30 dollars, that became pretty well known for ppl.
People have been urging others to stick a fork in it well into 2015 and beyond. I remember one guy starting a thread telling us he'd sold everything as he'd done the math and it was literally impossible for the price to ever go above $300.
Around 30 minutes after he posted that the price went over $300.
It's easy to forget how small it was in 2010/11 and how obvious everything looks in retrospect. If you'd made 100x times your money from 1c to 1$ then I'm sure many around now would've sold if they were around back then.
If you'd arrived on a thread in 2011 and laid out what was happening less than a decade later - a five figure price, the US president dissing it, the biggest names in finance getting ready to trade it - you would've been laughed out of there. People might have believed that if you said it happened in 2069.
Jump to: