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.
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?
it is good to have some strategy in investment and 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 (most of them do not even understand how the BTC is working, just want to earn some money)
at this point, fear index is on 10, which shows what retail investors are currently thinking
#DiamondHands
it is good to have some strategy in investment and 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 (most of them do not even understand how the BTC is working, just want to earn some money)
at this point, fear index is on 10, which shows what retail investors are currently thinking
#DiamondHands
If you personally don't think Bitcoin is doing to do a 100x and that's your main goal, then don't invest in it. It's that simple. It's not like the institutional investor will get 100x and the retail investor will get 50x. We all get the same price increase in terms of percentage; like, this is very basic investing. Looking at the unit price and not marketcaps and percentages is the wrong way to look at valuating things.
Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
Do we need to explain for the millionth time that retail investors with not much money to invest can buy fractions of a bitcoin? or what?
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?
it is good to have some strategy in investment and 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 (most of them do not even understand how the BTC is working, just want to earn some money)
at this point, fear index is on 10, which shows what retail investors are currently thinking
#DiamondHands
Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
Do millionaires not allow retail investors to buy during markets and sell at ATH? And Michael Saylor could easily get rekt as Bitcoin's current price is approaching his company's average Bitcoin buy. And don't forget that there's no good way to identify a Bitcoin wallet, because you can only see addresses. Exchanges are technically the richest wallets, but they represent millions of customers.
There would always be someone who has the majority of something. That's what life is and we cannot compare those who have been here earlier or the ones who have the capacity to buy a lot of it. The real problem here is not everyone is getting the opportunity that BTC holders have and some cons that transacting with BTC is expensive right now.
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.
What should retail investors do BTW? What do you mean by that? 
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
If you have invested in it 3-4 years back then you would also be on the list so it's just another excuse that Bitcoin is rich people's assest.They are utilising this as opportunity to convert their fiat holding to bitcoin and earn profits out of it.But still Bitcoin supply is not centralized as retail investments are also there and if you look at charts exchanges holding will be on top and that's accumulated for different individuals not single person.Even after billion dollars investment you will hold a tiny part of btc supply.So just be part of that population and contribute the market to rise.After some years you will not have the same feelings.https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
It is a rich peoples' asset and the reason is that rich people have another endurance when it comes to holding because they can afford to hold.
If you have $100 million in the bank and you buy Bitcoin for $10 million in 2013, you don't have to care whether it goes up or down while someone with a couple of thousand in a bank is going nuts with every downswing. That is why I believe that mostly rich people are the ones who really held onto it and are now filthy rich on top of having been rich before already.
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
Once again, noobs trying to mislead the users. Do you even understand that the vast majority of these 100 wallets are being owned by exchanges and Bitcoin ETFs? Currently around 20% of the circulating supply is being stored in exchange wallets. That doesn't mean that Bitcoin is centralized. It only means that a large portion of the coins are owned by traders, who make use of the volatility associated with Bitcoin. Will you say the same about fiat currencies such as USD? The Chinese government owns around $3 trillion worth of US treasury bonds. So are you going to argue that USD is centralized? Anyway, United has another opportunity to get two points today, against the Zalmi.
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
If you have invested in it 3-4 years back then you would also be on the list so it's just another excuse that Bitcoin is rich people's assest.They are utilising this as opportunity to convert their fiat holding to bitcoin and earn profits out of it.But still Bitcoin supply is not centralized as retail investments are also there and if you look at charts exchanges holding will be on top and that's accumulated for different individuals not single person.Even after billion dollars investment you will hold a tiny part of btc supply.So just be part of that population and contribute the market to rise.After some years you will not have the same feelings. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
The reality is that these wealthy investors and the institutions they represent are the ones making the retail investors rich. Michael Saylor's purchases of Bitcoin was definitely one factor why Bitcoin's price is where it's at right now. If the investors of Bitcoin were all retail investors, the price of Bitcoin would have been growing a lot slower. But thanks to the billionaires and other institutional investors the price was jumping to new highs.
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This year, I think the number of richest people or companies with bitcoin will increase since many people are now aware of bitcoin. They want to have many more bitcoin before the price starts to rally to the highest price. The rich people will be richer, but we can also follow them by having much money from bitcoin. So we do not have to check very often who is the richest person now, but we need to keep trying to have more bitcoin so, in the future, we can be one of the richest people. Besides that, that is just data and can not be like that forever. The question is, do you want to see your wallet on that list or will you not have any chance at all? 
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?
I believe that Bitcoin was created by the banking elite, and it was released for evaluation, modification and enhancement by a creative and intelligent community. We are lucky to have been a part of this community. The spectacular success of Bitcoin has made it easier for them to introduce their own pseudo-cryptocurrencies, and they are now taking control of large chunks of Bitcoin to maintain its volatility. This allows them to convince the gullible public that their fiat replacements are better and safer than Bitcoin. In the meantime, those of us who can accept this, can take advantage of the volatility to gain wealth.
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.
Sure, there's a lot of big players these days but retail had a headstart of more than 10 years. And there were a lot of wake up calls along the way (ie. the bull runs of 2013 and 2017) so it's not like Bitcoin was much of a secret.
Truth be told, compared to stocks, real estate and, well, fiat currencies in general -- as pointed out by BlackHatCoiner --, retail still has a headstart. Question being whether they make use of it or continue complaining.
Have you compared it with the dollar? Between March 2020 and April 2021 the collective wealth of American billionaires leapt by $1.62 trillion, or 55% of the total supply, from $2.95 trillion to $4.56 trillion! As of April 12, there were six American “multi-billionaires” each worth at least $100 billion. Specifically, Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison worth more than the economy of each of 13 of the nation’s states.
Is this a better wealth distribution?
Is this a better wealth distribution?
The only power we DON'T have is the power of manipulation billionaires have over markets. That is quite obvious considering the past few months and how the market has moved.
I kinda agree and I do get your point. For me, the fact that billionaires own a large % of the supply is a little bit worrying. However, we probably can't even imagine how many other billionaires own an even larger % split into multiple wallets we haven't heard about yet. After all, Bitcoin investments happen in fiat.. so the more fiat one has, the more of the supply they can afford to own.
I kinda agree and I do get your point. For me, the fact that billionaires own a large % of the supply is a little bit worrying. However, we probably can't even imagine how many other billionaires own an even larger % split into multiple wallets we haven't heard about yet. After all, Bitcoin investments happen in fiat.. so the more fiat one has, the more of the supply they can afford to own.
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,
If people buy bitcoin now, they will make themselves richer in a couple of 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.
That's one of the common misconceptions, that if you cant buy bunch of dirt cheap BTC, you are too late. I thought the same after I came back to crypto in 2017 after few years break, contemplating whether to start buying now, or its too late as I couldn't afford 1 whole BTC. Fast forward to 2021, and people still think the same, instead just focusing on getting some BTC, no matter how much and little by little you may own 1 whole BTC. And even if you don't, so what? 
Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
Do we need to explain for the millionth time that retail investors with not much money to invest can buy fractions of a bitcoin? or what?
Yes, we need to explain it for the millionth time... Yesterday I had one more discussion with my father about investing, he started that discussion by explaining to me and some of my friends how the best investment now is in real-estates, again! And I was pushing him to explain to me which real estate should I buy, on which location, to tell me how much money I need for all that, and of course, can he give me some ETA for ROI, or at least when I cash out some profit...
Well, he didn't have the answers to my questions! Once again he got mad when I said him how he missed investing in Bitcoin when it was under $1k! And how still is not late, he can invest any amount of money in Bitcoin, small or big, from time to time... without spending too much energy on that!
So we will continue explaining, but I guess some people will never learn!
Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
Do we need to explain for the millionth time that retail investors with not much money to invest can buy fractions of a bitcoin? or what?
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
The garbage communist discourse you express does not take into account that everyone had the same opportunities to buy when it was very cheap. When it was worth $1 or $.0.10.
Believing that garbage speech leads to believe that we can not do anything against our destiny because if we are not rich we are going to be poorer and poorer, when the truth is that there are people of modest economies that have made real fortunes with the Bitcoin.
Then you also fail to take into account that most of these addresses do not belong to individuals but to exchanges:
The richest Bitcoin addresses are owned by cryptocurrency exchanges. Collectively, these addresses hold less than 3.5 percent of all bitcoins.
Since I don't buy what you say, I will continue to buy Bitcoin.
In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.
Very true.The rich may get the advantage of getting richer but it's not just for them. In every market, there's the early people and the rich people. Both can take the game on their hands and be profitable just as the others.
The early people got the cheapest bitcoins that they've bought and held it for a long time. While the rich people, they may not be early but if they're wise to buy during the dips and they've got the money, they can also be at the same situation as the early adopter.
In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.
Exactly, if you believed and risked your money to bitcoin when it was still at it's infancy then you deserve to reap the benefits of the growth of bitcoin. The reason that OP thinks that way is because he/she must've been late to the party and now he has to earn more money just to buy a small amount of bitcoin.
In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.
We have to look at it through different lenses, by buying and adopting Bitcoin we are part
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
The term knowledge is quite challenging here. Who could have seriously known that this thing will literally go to the moon and will be worth over $60k one day? That is just too much. Yes if you were able to afford it you could have just held onto it, but still I doubt that many people seriously expected today's price ranges from the perspective of 2011.
We have to look at it through different lenses, by buying and adopting Bitcoin we are part
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
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
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
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