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Topic: How people can have so much BTC in their wallet? - page 3. (Read 2460 times)

legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
people having large amounts of bitcoin is nothing strange. it is like saying how someone owns a lot of Apple shares or Google shares. they invested lots of money and many bought when it was cheap.

it is the same with bitcoin. you could have bought bitcoin when it was cheap. a year ago it was $420 and you could have easily bought a lot of bitcoins.

but gambling that much away is hard to believe part if you ask me, and since OP says he saw it on a gambling site i say it is always hard to believe that is a real person behind that account with 30+bitcoin wasting them.
hero member
Activity: 490
Merit: 500
Although it is difficult to do, in cypto there are many possibilities of obtaining large amounts of Bitcoin. There are people who get it in days, through risky operations such as altcoins trading, there are people who have had the opportunity to mine Bitcoin and there are also people who have had success opening a Bitcoin business.
legendary
Activity: 2632
Merit: 1094
20-30 BTC was worth $4500- $6750 in 2015 and it's after that when the price suddenly reached $700 over night and now it's at $1000. The price has increased by about 80-90% over a span of just 1.3 years and hence it's a small amount for those who have bought it in 2015 and never sold it since then. Especially with gamblers, they never give up their coins and keep using it to play even more games while many invest in altcoins, or for developing a new coin or invest in their bitcoin businesses. Now the value is huge but they treat it as an investment and just concentrate on earning more coins.
hero member
Activity: 2464
Merit: 594
People have so much BTC in their wallet because they buy it. There are many ways on how we can but BTC using our fiat money, even we don't have a credit card or bank account we can still buy bitcoins with the help of virtual visa. Scammers have a lot of BTC that has been taken from investments. lols
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
They are magicians, they can use magic spells to have as many bitcoins as they want, you can do it as well, I'll give you the ingredients:
Bitcoin core wallet installed, or you can register in a mining pool.
Buy a few antminer S9, plug them in and start mining.
magic spells? I don't agree with you as they many rich people today who got their wealth from hard work, knowledge, skills. Infact there are many arbitrage traders that are making over 15btc a month. If you want to really make it big in bitcoin then go learn how to do arbitrage trading or margin trading and the sky will be your limits.though trading is a very risky venture never go into it without adequate knowledge and skills.
Obviously, you don't get what he's trying to say, it's not the magic spells that he mentioned, it's the ingredients. LOL

And it's not so easy to trade and to learn on trading, don't forget that you have to risk also.
sr. member
Activity: 924
Merit: 260
They are magicians, they can use magic spells to have as many bitcoins as they want, you can do it as well, I'll give you the ingredients:
Bitcoin core wallet installed, or you can register in a mining pool.
Buy a few antminer S9, plug them in and start mining.
magic spells? I don't agree with you as they many rich people today who got their wealth from hard work, knowledge, skills. Infact there are many arbitrage traders that are making over 15btc a month. If you want to really make it big in bitcoin then go learn how to do arbitrage trading or margin trading and the sky will be your limits.though trading is a very risky venture never go into it without adequate knowledge and skills.
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.
30 BTC is nothing to those have 100+ BTC in their wallet and even 500-1000.
And there's so many reasons why they have so many BTC. Business, gambling, bought bitcoin, miners etc.
newbie
Activity: 17
Merit: 0
I still know a couple of people who didn't sell their "old bitcoins" in the last bump which went with around 1400 eur per bitcoin, so they are still keeping 100+ bitcoins just as a security, they don't have to pay taxes on them, they don't need the money and they are slowly spending it.

I would personally sell that amount next time it reaches 1000+ eur, but overall I would do the same, just keep it until it makes sense to sell it.
hero member
Activity: 602
Merit: 500
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.
There are people who have 1000 to 10k bitcoin in their wallet.Most of them are early adoptors or miners.
Some few traders also have lots of bitcoin in possession then there are people who runs bitcoin related business like exchange,faucets and other sites thst earn them huge amount of bitcoin.
sr. member
Activity: 1218
Merit: 410
Secure your crypto : https://notyourkeys.org
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.

There are numerous reasons.

Earned the btc, bought the btc, won the btc it is just like with fiat some have a lot and some not.

Thank you, simple but is good answer.

Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.

you are asking a general question then limiting it to one specific case.

i will first say generally, that people buy bitcoin and invest in it. many have been doing this for years, when price was so low. some when price was $10 or less some like me from when price was $200-$400
30BTC were worth $300 and $6000 respectively at those prices.

or it can be services, such as a mining pool, an exchange cold storage, a web wallet service,... these have thousands of bitcoin at their disposal.

now your specific case, when you see someone (an account) on a gambling site with lots of bitcoin on it there are only two assumptions in my opinion
1. it is millionaire kiddo with lots of daddy's money who is wasting it on gambling
2. the site is reporting fake numbers.

I will trust number 1 because i can withdraw from that site, well i never do deposit, just play from their free BTC. thanks for answer.

Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.


They early bought when worth cents or they just bought like 5k in bitcoin.

Wow so much!

How people can have so much bitcoins in ther wallet? Because they can afford to buy ihuge amount of bitcoins. Most of bitcoin users are usually gamblers. I think thats normal to see huge amount of btc on their wallet. These gamblers are crazy.  Some of them are just early adopters who bought huge amount when the price is small. People can have much bitcoin in their wallet. As long as they can afford it.

Yeah seriously they are crazy, they do betting with high ammount and win a lot to.. and i see people lost 4+ btc in a day, Wth.

Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.
It's not strange's,like normal at all.One most commonly consideration,may be early adopter actually when bitcoin price was low,and now possibility they were Millionaire.Can be professional Miners,involved with bitcoin hardly,gamblers,pretty good trading skills etc usual requirements that you expect from such of those people,or they should have.

if they have a lot of bitcoin it means they did a lot of works or bought them. only with gambling it is impossible to earn 10 to 30 BTC. some people may earn but they'll loose them again because they are addicted gamblers..
if you want to be on that list you need to work so hard.

Thank you sir, that good answer !

Haha. Don't we all?  Grin Grin

Anyhow, owning 10's of bitcoin is not totally impossible for you, me, and everyone else.
The magic ingredient? Work, work, and work.  Grin
Work (sig campaigns+article writing+offer services in-forum) then save everything earned for future capital and investments.)(Or simply hold, long-term)
Then, you work your ass off and learn trading and investments.
Forget about gambling, that's a money drain. (If you're too attached to casinos, then put your money with the house instead)


Yeah i never do deposit to gambling site, just withdraw them from free btc or faucet.

Thank you guys! I got a lot answer, i will locked this asap
legendary
Activity: 1470
Merit: 1001
Isn't too different from fiat, there are people with lots of money on their bank accounts and others that haven't enough to cover its daily costs. You can see users with lots of bitcoins on their wallet (provably early adopters), other that had luck on betting, and users with only some cents of bitcoin.
hero member
Activity: 756
Merit: 503
Crypto.games
--
They are magicians, they can use magic spells to have as many bitcoins as they want, you can do it as well, I'll give you the ingredients:
Bitcoin core wallet installed, or you can register in a mining pool.
Buy a few antminer S9, plug them in and start mining.

I need the last ingredients , 'money' for buy antminer xD lol *joke.
Haha. Don't we all?  Grin Grin

Anyhow, owning 10's of bitcoin is not totally impossible for you, me, and everyone else.
The magic ingredient? Work, work, and work.  Grin
Work (sig campaigns+article writing+offer services in-forum) then save everything earned for future capital and investments.)(Or simply hold, long-term)
Then, you work your ass off and learn trading and investments.
Forget about gambling, that's a money drain. (If you're too attached to casinos, then put your money with the house instead)
legendary
Activity: 1302
Merit: 1037
if they have a lot of bitcoin it means they did a lot of works or bought them. only with gambling it is impossible to earn 10 to 30 BTC. some people may earn but they'll loose them again because they are addicted gamblers..
if you want to be on that list you need to work so hard.
hero member
Activity: 868
Merit: 504
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.
It's not strange's,like normal at all.One most commonly consideration,may be early adopter actually when bitcoin price was low,and now possibility they were Millionaire.Can be professional Miners,involved with bitcoin hardly,gamblers,pretty good trading skills etc usual requirements that you expect from such of those people,or they should have.
sr. member
Activity: 560
Merit: 269
How people can have so much bitcoins in ther wallet? Because they can afford to buy ihuge amount of bitcoins. Most of bitcoin users are usually gamblers. I think thats normal to see huge amount of btc on their wallet. These gamblers are crazy.  Some of them are just early adopters who bought huge amount when the price is small. People can have much bitcoin in their wallet. As long as they can afford it.
full member
Activity: 354
Merit: 106
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.


They early bought when worth cents or they just bought like 5k in bitcoin.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.

you are asking a general question then limiting it to one specific case.

i will first say generally, that people buy bitcoin and invest in it. many have been doing this for years, when price was so low. some when price was $10 or less some like me from when price was $200-$400
30BTC were worth $300 and $6000 respectively at those prices.

or it can be services, such as a mining pool, an exchange cold storage, a web wallet service,... these have thousands of bitcoin at their disposal.

now your specific case, when you see someone (an account) on a gambling site with lots of bitcoin on it there are only two assumptions in my opinion
1. it is millionaire kiddo with lots of daddy's money who is wasting it on gambling
2. the site is reporting fake numbers.
sr. member
Activity: 406
Merit: 250
Too Weird to Live. Too Rare to Die...
Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.

There are numerous reasons.

Earned the btc, bought the btc, won the btc it is just like with fiat some have a lot and some not.
sr. member
Activity: 1218
Merit: 410
Secure your crypto : https://notyourkeys.org
It's normal , how people have so much money in their banks account ? If you find someone who have too much coins then he is probably an early adopter (when bitcoin was worth a few cents/dollars) or he is an investor who decided to buy shitload of bitcoin and hold for long term and usually , people don't take such a risk on gambling because they know the risks involved.


Or those people earned the bitcoin they have.
I don't have a lot of bitcoin too. Those people just earned them bitcoins like how i did by investing to some ICOs which took time. 30 BTC is a lot, not sure if I can earn that much later with signature campaign but I a better start now than just reading all the information here.

Well, i so curious how can people have so much BTC in their wallet.

I saw on gambling website if they have 10+ BTC, and i found people who say he have 30+ BTC in their wallet.
So how people can have BTC so much? are they buy some bitcoin and invest it or win from gambling with or without do deposit?

Sorry for this, i want have a lot bitcoin so i want to ask this as newbie . Thank you.

*sorry if my english is bad.

You too can do it by trading and joining campaigns.

The early adopters usually have hundreds, if not thousands of coins on their wallets. (that is, if they still have their coins.)

Another possibility is the serious investors. They use their fiat capital to buy and hold. Usually for the long term.
Or it could also be the active traders.

As for gamblers, I say that the majority have less than 1 bitcoin in their wallets while the high rollers could have 10's of bitcoins.
Those coins are usually bought.

10-30BTC doesn't count as much for early bitcoin adopters and for hardcore gamblers. When price used to be few $ per bitcoin, many early adopters bought 1000's of bitcoin with high speculation, still few of them have 1000's even 100k bitcoin in their wallet so it is normal to see people with high bitcoin balance. But storing large number of bitcoin in web wallet or gambling wallet is not advised.

WOW! So 10-30 BTC still not much.. thanks for answer guys.

They are magicians, they can use magic spells to have as many bitcoins as they want, you can do it as well, I'll give you the ingredients:
Bitcoin core wallet installed, or you can register in a mining pool.
Buy a few antminer S9, plug them in and start mining.

I need the last ingredients , 'money' for buy antminer xD lol *joke.
hero member
Activity: 924
Merit: 506
They are magicians, they can use magic spells to have as many bitcoins as they want, you can do it as well, I'll give you the ingredients:
Bitcoin core wallet installed, or you can register in a mining pool.
Buy a few antminer S9, plug them in and start mining.
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