Topic: How many people own 21 BTC aproximately? - page 7. (Read 6704 times)

My guess is no more than 10, maybe 15k folks own as many as 21 btc individually
We are still very, very early in the adoption curve

As others said, it's quite hard to measure people that have at least 21 BTC in their wallet. Well, if you own 21 BTC, you currently own 0.000001% out of 21 million coins. Owning a 21 BTC isn't my dream because I want to own at least 1k BTC or so. It isn't a dream as I am trying to achieve it as we speak though it might take months or even years for me to achieve it. Don't let your dreams be dreams.

There are plenty of people that don't even have 0.5BTC as it is very hard to collect for them. Especially nowadays where there is a huge influx of noobs joining this forum that are burning through faucets and joining Yobit for a dust payout. These people mostly end up selling their coins for fiat once they reach the amount of 0.02BTC or so.

Yeah that's true. Most of the user here won't have large number of bitcoin in their wallet. Only the traders and gamblers looks to be the one with large number of bitcoin.

Big whale are getting bigger and bigger, and they are not selling. Just make sure we don't have  bitcoin future, which will artificially increase the supply of bitcoin.

That is the whole thing of trading. But that being said it would be good to have it more spread across more people. This would benefit us all.
Since the distribution can make or break bitcoin.

I think you have that backwards. Most of the time the big whales are accumulating (buying) when the price is down and then they distribute (sell) their cheaply acquired coins for higher amounts as the price rises. This simple concept is why they stay rich and everyone else stays poor.

To expand on this, notice when BTC was down around $200 last year there were plenty of "sell before it goes to 0" type of posts and a lot of people were predicting the end, "get out while you can". There were probably a good many people taking that advice and selling their $400, $600 or higher coins for half, or even less value, thinking it was better to get something than nothing for their coins. Meanwhile, the smart money was buying, and probably many of the same ones buying were also the ones that were talking the FUD up in the first place. This was the accumulation phase.

Now early this year when the price was near $450 all those people who were posting the end is nigh, sell me your coins, are the same ones who now are posting advice such as "buy now while its cheap, moon tomorrow" while they were secretly selling you their $200 coins at over 2x profit. This was the distribution phase.

Granted, with Bitcoin it is more spread out and not as clearly defined as with many of the alts where you can plainly see this pattern much more readily, but the concept is quite the same.

There are too many gamblers and porn addicts around here, to keep 21 bitcoins around.   .... The reality is, most of the bitcoins are immediately converted back to fiat, when

people earn it online to cover daily expenses. I only started using Bitcoin, when I reached my "hoard" goal. The 21 BTC goal will be a pipe dream for many people, because there

are too many other things that can be done with Bitcoin now.  

In capital market, over time, wealth will tend to flow to whom already have abandom of it, meaning, the rich getting richer, and poor getting more poor.
I think the question is, will Bitcoin accumulate to fewer people over time or spread out to more people? Personally I think the number of people owning more than 21btc will stay the same in the past two years, simply because who didnot have that much will have a hard time over that barrier.

I can assume from readings here that many members who are involved here for years  don't have big wallets,
on contrary many of them are impecunious, and they collecting signatures fragments.

I think very few people would be holding that big amount, as it is not that easy to earn that amount of btc either your gamble or jsut buy it which is not possible for many of us.

People actually realising how bitcoin have very bad distribution and majority of coins
is in hands of whales. This will be resolved only with good old redistribution called DUMP.

Probably far fewer than many expect. Not many people have that to throw around on extreme bets. Even fewer would be willing to actually do it.

If you have 21 BTC it is actually closer to $8,400 at today's value ($400/btc).

But yeah, I also have BTC spread among several addresses, so I do not think simply counting how many addresses hold => 21 BTC is a reliable measure.

Big traders,gamblers, and miners are the only ones with that amount these days.

Yeah and remember many of us have multiple addresses. I for example. got 30 BTC but it is spread around 6 addresses at several palces.
Exchanges, wallets etc. But 21 BTC is around 4500 USD i don't think many hold so much money.

The number 21 is special because only 21 million Bitcoins will be ever issued so most people would like to own at least 0.00001% of the total amount of Bitcoins that will exist in the World. That will happen by 2110 +/1 a decade or 2 so we will be dead already but our kids or grandkids may be multi billionairs  

Or perhaps Bitcoin will be dead till then and replaced by a better currency altogether. Or the World could be invaded and destroyed by aliens. Or a 3rd World war could have destroyed our planet after a  massive nuclear strike. Or we may be living on Mars because our planet is dying.

Or...

It's pretty hard to measure people, but you can see how many addresses own a given amount of Bitcoin. Currently, less than 0.09% of used addresses in the network have 21 BTC

Why 21 btc and not 10 btc?!?!

I think it's not a large sum (for EU/USA/AUS/JPY) is a normal sum of money...

yes i remember a % in this forum showed long time ago, i cna not find it right now, and the majority were holding less than 1 btc and a very tiny % 21 btc