Topic: Michael Saylor owns 0,5% of Bitcoin Supply (Read 492 times)
Okay, so what does this mean for the crypto market?
It's not Saylor that owns the bitcoin, it's his company so there's a big difference with your claim that he owns the .5 percentage of the bitcoin's total supply when it isn't actually the case, rather Microstrategy owns the .5% of the total supply, it's much more appropriate.
Bitcoin fans are blind to any other investment, for me having bought Bitcoin in 2015 was already expensive, although you could make good profits it is not the same as buying other cryptocurrencies in their early stages, as I did, I do not consider myself a expert but I'm bored of all the morons who defend the currency with the worst technology and one of the most centralized, besides, we are talking that only one person has 0.5% of all Bitcoin, what is this? It is a real madness.
You're a funny guy.
You claim to know all, you claim to know how to make money, all the rest of the world is full of morons and you hold the ultimate truth but in reality, you simply know nothing about the very subject.
You grabbed a page showing the addresses with the largest balances but you didn't bother to look what those mean, have you ever wondered what coins with "better" distribution look like? 2100 Richest bitcoin addresses hold 42% of all the coins, the top 1000 eth hold 63%., almost all eth tokens have a distribution in which 95% of all tokens rarely are split between more than 100 addresses.
Does that mean anything? to a newbie maybe, to us morons nothing, as an address doesn't have to be owned by a single individual.
Worse technology? What is a better technology? One that nobody!, nobody uses other than speculation on Binance?
There have been countless coins with revolutionary technologies, nem, dash, neo, eos, iota, ...where are they? In the trashcan where useless things that are only hype belongs. But, we are morons, I'm sure your majesty is not wrong about it, after all, who are we to question your knowledge? By the way, do something about that nocoiner stench!
Why the hell would you invest in Bitcoin if you can make a x30 with other cryptocurrencies?
You are one of those who are not interested in the technology behind Bitcoin, you are only interested in the profit and pump and dump of some shitcoin - that is the difference between you and me and many others on this forum.
What a laugh, you cited previous messages, as if it were a problem for me, most of the things written are being fulfilled, there are no regrets.
Previous messages are very important to show your skill of a so-called experienced trader, has the price of BTC really dropped to $25k or even $20k as did you predict that? And as for crypto winter and idiot EM you talk nonsense without even knowing the facts - the price of BTC is now at those levels when EM first invested in BTC - which means that without it, we would be where we are now.
But stop making everyone believe that they will become millionaires with this currency, investing now on Bitcoin will not make you rich.
This is a forum to discuss Bitcoin, but also all other cryptocurrencies - not a place where someone should advise someone in what to invest their money. If you are already so obsessed with altcoins, why not move to the Altcoins board? There you will find a lot of people who think like you .
Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
This has happened as a rich man's game, but we can't say it has benefited only the rich. Market is volatile, which is its inbuilt feature. This volatility is much used by this massive holders as they've got large holding and has the ability to move the market to some extent. We need to be clear even though 90% is with 1% people the market hasn't gone under their hands/control. This is the true potential of the network.https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Yeah, you have some point for that because even the poor who knows how to take advantage of the market can also earn a huge amount of money. some other people I know have nothing when they were first started in the crypto industry. just a small capital from bounties back when the payment was good and legit. Now they have become a millionaire and they know how to earn on the market especially when it look likes bad. because they know that when the market is currently experiencing a bearish trend, it will somehow find its way back up again.
Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire", I don't give a shit that you continue to invest or not, here what if I can't stand it is all the twitter influencers saying that bitcoin it is the solution to all the problems in the world, that with bitcoin there will be no poverty among other stupid things that I have heard, it becomes disgusting... Bitcoin is even more centralized than the dollar.
Someone with your attitude can only sell stories to complete strangers about how you made "a lot of money" - and at the same time you are obsessed with how 1% of crypto wallets contain as much as 90% of all BTC, without you even being able to understand why it doesn't matter too much. You completely buried your intelligence of a successful crypto trader when you admitted that you knew about BTC for 6-7 years, without ever investing a single cent in it - and that's why most of your posts are just regretting about missed opportunities and waiting for a big correction.
Yes, a winter of 2-3 years is coming, if you don't believe this you will lose all your money...
Wait for 20K-25K in the next 15 day's.
Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.
Congratulations on the top tips you've been sharing for a while, you've certainly helped people see the real picture of the crypto world
Why the hell would you invest in Bitcoin if you can make a x30 with other cryptocurrencies?
What a laugh, you cited previous messages, as if it were a problem for me, most of the things written are being fulfilled, there are no regrets.
Bitcoin fans are blind to any other investment, for me having bought Bitcoin in 2015 was already expensive, although you could make good profits it is not the same as buying other cryptocurrencies in their early stages, as I did, I do not consider myself a expert but I'm bored of all the morons who defend the currency with the worst technology and one of the most centralized, besides, we are talking that only one person has 0.5% of all Bitcoin, what is this? It is a real madness.
Anyway I congratulate all those who bought Bitcoin before 2015, it was really something difficult, to trust something like that and believe that it would achieve what it has done so fa... But stop making everyone believe that they will become millionaires with this currency, investing now on Bitcoin will not make you rich.
The situation is no different with fiat and wealth in general no matter in what asset: the top %1-2 of the world's richest own most of the wealth in the world... that this happens to be the case with bitcoin is a result of this fact and in a sense unavoidable. The only difference is that with bitcoin any person can hop on the ride and get relatively wealthier along with the wealthy whereas the means of doing this in the general world outside of crypto is more limited to those who are already wealthy.
Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
I don't think that initially it was, on the contrary, at the very beginning of the emergence of cryptocurrencies, many people, both ordinary people and the rich, did not believe in them, but now everything has changed and cryptocurrencies have shown incredible growth. Of course, all this is primarily of interest to rich people, because you can make good money on cryptocurrencies. Based on this, the rich strive to dominate the cryptoindustry and, in principle, this is their right, like those who do not have money, they have the right to try to earn it. I myself have been making money on cryptocurrencies since 2017, although I am not rich, however, cryptocurrencies have also given people like me the opportunity to make a profit and improve my well-being.
I already sold 2 months ago, there is no "next bitcoin", i even think the future of cryptocurrency's is not as bright as people say, im an investor, not a moronic fanatic.
...and it's ok to have that opinion.
But don't kid yourself as being an "investor" when in the end you apparently just threw in some cash to make a quick buck on an asset that in your eyes has no long term viability. That's just gambling.
Of course that might not be what you did. Maybe you found a great project a few years back and now you feel like the fundamentals have changed. In that case, fair enough. Otherwise, take the time to learn the difference between investing and gambling for your own sake.
Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire", I don't give a shit that you continue to invest or not, here what if I can't stand it is all the twitter influencers saying that bitcoin it is the solution to all the problems in the world, that with bitcoin there will be no poverty among other stupid things that I have heard, it becomes disgusting... Bitcoin is even more centralized than the dollar.
Someone with your attitude can only sell stories to complete strangers about how you made "a lot of money" - and at the same time you are obsessed with how 1% of crypto wallets contain as much as 90% of all BTC, without you even being able to understand why it doesn't matter too much. You completely buried your intelligence of a successful crypto trader when you admitted that you knew about BTC for 6-7 years, without ever investing a single cent in it - and that's why most of your posts are just regretting about missed opportunities and waiting for a big correction.
Yes, a winter of 2-3 years is coming, if you don't believe this you will lose all your money...
Wait for 20K-25K in the next 15 day's.
Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.
Congratulations on the top tips you've been sharing for a while, you've certainly helped people see the real picture of the crypto world
I don't see a problem with Michael Saylor buying more bitcoin, on the contrary all the bitcoin he buys will not be sold for long.
The bitcoin of the institutions allowed its price not to fall even more.
Let's keep calm just like him.
And let's enjoy making history and the market is recovering again.
The bitcoin of the institutions allowed its price not to fall even more.
Let's keep calm just like him.
And let's enjoy making history and the market is recovering again.
Quote
Probably not true, but I just heard @michael_saylor is Satoshi. 😎
https://twitter.com/cz_binance/status/1406957437031116807?s=19
I heard @CoinMarketCap will start to rank countries that accept #crypto as legal tender. 👍
https://twitter.com/cz_binance/status/1407567896826449920?s=19
https://twitter.com/cz_binance/status/1406957437031116807?s=19
I heard @CoinMarketCap will start to rank countries that accept #crypto as legal tender. 👍
https://twitter.com/cz_binance/status/1407567896826449920?s=19
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I already sold 2 months ago, there is no "next bitcoin", i even think the future of cryptocurrency's is not as bright as people say, im an investor, not a moronic fanatic.
Yes, there is no "next bitcoin", I agree on that. It's okay if you think cryptocurrency has no bright future. We can say anything about crypto. We have our own perception of crypto. But no one will force you to hold for a long term or sell your bitcoin. We decide by ourselves, and if you think you are an investor, you can do whatever it takes with your bitcoin. And no regret after we decide on something.
Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire"
Ah, so you fell into the game of "X is the next Bitcoin" and went into the casino that is the alt coin market. Congrats on your winnings, but if you believe Bitcoin is rigged then I got bad news for you about alt coins...
I already sold 2 months ago, there is no "next bitcoin", i even think the future of cryptocurrency's is not as bright as people say, im an investor, not a moronic fanatic.
Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire"
Ah, so you fell into the game of "X is the next Bitcoin" and went into the casino that is the alt coin market. Congrats on your winnings, but if you believe Bitcoin is rigged then I got bad news for you about alt coins...
No one can stop anyone from buying BTC, and that includes Saylor who will increase the number of BTC he owns over time. Threads like this just remind us that people will never stop regretting the time when they could buy 1 BTC for less than $1 - and now they are envious of those who did just that, and those who have enough money to buy tens of thousands of BTC even at current prices.
The only problem is in the minds of people like you who have thoughts in the past and live in the present - instead of whining like a little baby about how you can’t do anything - maybe make a plan on how to own at least 1 BTC in the next x years?
i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
The only problem is in the minds of people like you who have thoughts in the past and live in the present - instead of whining like a little baby about how you can’t do anything - maybe make a plan on how to own at least 1 BTC in the next x years?
Hey moron, as if it were a problem for me, i have made a lot of money with cryptocurrencies but i never invest a penny on Bitcoin because I did not fall into the game that "with Bitcoin you will become a millionaire", I don't give a shit that you continue to invest or not, here what if I can't stand it is all the twitter influencers saying that bitcoin it is the solution to all the problems in the world, that with bitcoin there will be no poverty among other stupid things that I have heard, it becomes disgusting... Bitcoin is even more centralized than the dollar.
Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
It's not true that 90% of all Bitcoin is held by just 1% of wallets, and Michael Saylor is not holding those Bitcoins himself, but he is only CEO of MicroStrategy company that really holds that 100,000 Bitcoins.
Lot of those big wallets you see on richlist are held by centralized exchanges, and many people sadly are still keeping their coins on exchanges, millions of coins are lost forever.
What's the alternative though? Investing in altcoins from which 99% are pure garbage and most likely end up with the loss due not selling on time?
Yeah, that is very popular activity and you can brag to your kids and grandkids how you owned millions of somethings once upon a time, and you can do the same with inflated fiat paper currencies.I have few of them myself with lot of zeros.
yeah, they can buy fractions of a bitcoin, but what good will that do to them? it is hard to expect that BTC will make 100x from this point, or you think that 100x is still possible?
What's the alternative though? Investing in altcoins from which 99% are pure garbage and most likely end up with the loss due not selling on time? I do not see a possibility for BTC to do more than 10x from this point in the future, so investment ranging in BTC fraction - 0.01 BTC for example cannot make you some great runs in the end, which is what retail investors expect from BTC
That was exactly my line of thinking in the late 2013 when I heard about BTC for the first time, like " 1 BTC is ~1000 USD, and since I am only willing to invest 200 USD s can't buy one whole bitcoin, so I should better buy bunch of shitcoins (bought it via eBay lol) and maybe make a fortune" and you can guess how that went. Thank God I didn't make the same mistake when I came back to crypto in 2017. 
Millionaires have lots of money invested in assets that govern food supply. Maybe you should stop eating to spite them as well. No? See how ridiculous that sounds?
The simple fact is that the wealthy can afford to have a finger in every pie. If you go out of your way to avoid making them wealthier, you'd effectively have to go somewhere uninhabited and live in a cave or something. It's not possible to live an "ordinary" life without someone profiting from it.
Also, a far greater number of wealthy people have their money stored in more traditional financial assets. Learn to choose your battles, because you can't win them all.
The simple fact is that the wealthy can afford to have a finger in every pie. If you go out of your way to avoid making them wealthier, you'd effectively have to go somewhere uninhabited and live in a cave or something. It's not possible to live an "ordinary" life without someone profiting from it.
Also, a far greater number of wealthy people have their money stored in more traditional financial assets. Learn to choose your battles, because you can't win them all.
Frankly speaking, Micheal Saylor is the only person who is from our community and most probably getting happy by this dump below 30k$. He'll definitely buy more and more as the price dips below his average price. He'll have more than 1% for sure and will be the market maker.
Not sure he really is, actually. He just recently bought at $37k and is already balls deep in bitcoin. And it's not like they're always using their cash to buy bitcoin; they can only keep on borrowing money to buy bitcoin to a certain extent.
Frankly speaking, Micheal Saylor is the only person who is from our community and most probably getting happy by this dump below 30k$. He'll definitely buy more and more as the price dips below his average price. He'll have more than 1% for sure and will be the market maker.
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