Well you should always trust a trusted source, well I don't know much about the survey you read about if its true or not but if it is then offcourse its preety scary!
Controlling that much amount of bitcoins and that too being in touch with each other, do give them authority and power to regulate the bitcoins in whatever way they want to.
If they sell the value of bitcoins will go down tremendously, thus they are really posing an authority over everything so we cannot say that bitcoins are really decentralized because its none other than centralization that's playing a part here.
Topic: One thousand people control 40% of Bitcoin - page 3. (Read 978 times)
Does not seem like a true fact. First off all, we have not mined all Bitcoin, Second, there is no way of knowing who owns those wallets, third, even if, it is actually more fair, than the wealth distribution in a real world 
Yeah it's seems like just a fakenews or nothing but just fakenews. Because there's no proof that they are holding it even a pictures right? Well i definitely would rather sell all my bitcoins if this is true that they owns 40% of bitcoin total supply sell. We all know bitcoin is too expensive right now hehe 
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
If this gets confirmed the Bitcoin community could start a ground roots movement to fork Bitcoin away from these market manipulators. Something similar to the way Ethereum handled those hackers during its genesis.
Bitcoins are expensive, but the early intervention may be a bit bitcoin, as many of the participating deals came in 1617, when the difficulty of mining was already high. Of course, in China, a few mining company founders have a lot of bitcoin in their hands. So nothing strange.
Does not seem like a true fact. First off all, we have not mined all Bitcoin, Second, there is no way of knowing who owns those wallets, third, even if, it is actually more fair, than the wealth distribution in a real world
no problem. as long as they can not control 51% of the bitcoin. The rich will own many bitcoins, of course.
This is the nature of the world. A very small % has most of the wealth since the beginning of time. My advice is not to worry about it and don't dream of being in the 1%. Being in the top 15% is perfectly comfortable.
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
40% It's a lot. That's a lot of powerful to turn things around! People nowadays are going nuts of BTC, some are investing without the right knowledge about Bitcoin, how volatile it is, and etc. But, gong back to the main issue, if they sell those 40% Bitcoin, just imagine, it could easily crash the market. But, just like in any kind of investment vehicle, this could happen. With the wide popularity of Bitcoin, it can surely bounce back! So, if that happens, I'll buy more of it!
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
These 1000 people are big fish that control the current value of bitcoin, they are capable of docking all of our bitcoins into trash. Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
It seems true.Now a days, bitcoin is not easily available in market. It is not good for bitcoin. It can shift the interest of people to other currency as it is out of reach for normal people.
I do agree, I think that even here in the forum, when people earn, they spend it instantly for their needs. People come here for a stable income and only few can hodl for long term.
That is why rich investors who do not need to use it can hold it whenever they wanted to. Having a large percentage in possibility to control bitcoin.
I think that it is possible that a thousand users could control forty percent of bitcoin.
But I think they could not do much they could lose possible profits. What could they possibly do ?
It seems true.Now a days, bitcoin is not easily available in market. It is not good for bitcoin. It can shift the interest of people to other currency as it is out of reach for normal people.
I dont know if it is true or not. However if it is true mean they can control the market. Pump and dump just in their hand.
It is very scary. How is bitcoin future if something like that happen?
I think it is very serious issue.
If they were to make a coordinated sell off while shorting on the cme they would do well. Hopefully these people are not as bad as the current cabal who control cash. I guess this is getting a little conspiracy theoryish but all things are possible
'I don't see anything wrong with that, because it's not a problem. Firstly, 40% is not 90%, and secondly, 1000 people are not 10 people).It won't be easy to agree)
It might be true and it is possible also because it is easy now to buy bitcoin as log as you have the budget. Could you imagine if these people holding a huge amount of bitcoin buys and sell bitcoin for fun then that is scary because that only shows they are in somewhat control of the market and bitcoin.
It seems true.Now a days, bitcoin is not easily available in market. It is not good for bitcoin. It can shift the interest of people to other currency as it is out of reach for normal people.
I dont know if it is true or not. However if it is true mean they can control the market. Pump and dump just in their hand.
It is very scary. How is bitcoin future if something like that happen?
I think it is very serious issue.
1000 people 40 percent if it is scary because they would easily control the price although that information has to be seen if it is true if you want to make certain but you do not want to lose you have to investigate more depends on who they are if they are bankers or Rochal but they would not control everything It was very difficult for him to have the other 60 percent
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
I suppose that 1% of people have 99% of all fiat money) and they are also well-known persons and know each other..) it is normal for our world at all
It was predictable, valuable resources are always controlled by a minority.
Can you give us any source? That article is only making assumptions.
Also, who couldn't say that it's the same for USD? or any fiat currency? You know, like.. bankers?
no I can't just read the article and put it up for discussion. I'm just the messenger I just thought it was interesting Also, who couldn't say that it's the same for USD? or any fiat currency? You know, like.. bankers?
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I find it hard to believe that so few people control so much of the bitcoins out there. That's almost as bad as with normal money where the top 3 percent of people control 97 percent of the worlds money. Not just one country but the worlds supply but then again i guess its all fairness to us lol.
I don't see any obvious reason why should they dump the price of btc (that is the only threat coming from them) so I feel safe. You better compare the current amount of bitcoins and the bitcoin users with the potential amount. There is a pretty big chance that in some years someone's current 0.1 BTC will be concidered as a huge amount of BTC (like todays major holders).
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