Topic: OVER $18 MILLION DOLLARS OUT OF WALLETS IN ONE MONTH!!! - page 2. (Read 5747 times)
And the short selling has begun...
You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this?
...
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
...
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
Since everyone here seems to be misunderstanding what you're trying to explain, try showing your calculations and backup your claim with specific figures.
btw; the richest bitcoin address didn't just go from 1.2% to 1.6%, it was a new address that received the 1.6% on the same day of its creation. If you follow the transaction that funded that address, you'll find that the funds almost assuredly belong to Bitstamp. The same bitcoin was moved about 1 year ago with Bitstamp claiming it to have been an audit.
It keeps moving wallets but it is the same owners... Imagine how many other 10K BTC wallets they have! There's plenty of them just look. I showed my calculation & exact figures with the picture from one month ago. Why does nobody do their own research or due diligence? This is sad.
You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this?
...
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
...
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
Since everyone here seems to be misunderstanding what you're trying to explain, try showing your calculations and backup your claim with specific figures.
btw; the richest bitcoin address didn't just go from 1.2% to 1.6%, it was a new address that received the 1.6% on the same day of its creation. If you follow the transaction that funded that address, you'll find that the funds almost assuredly belong to Bitstamp. The same bitcoin was moved about 1 year ago with Bitstamp claiming it to have been an audit.
Play nice, children!
Look up the term "market cap". Save yourself some effort in recreating the wheel. BTW, you left out wallets worth less than 1 USD. So your results are not valid.
You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this?
Not only did you forget all wallets under $1, you forgot the EXCHANGE RATE.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
WTF keeps getting so hard to understand about that???
CALCULATE IT YOURSELF & GET BACK TO ME INSTEAD OF TYPING SHIT YOU KNOW NOTHING ABOUT!
You guys keep talking about market cap sounding like complete idiots... Market cap is coins in existence X the current exchange rate! How can you rely on that when exchanges and institutions are trading to each other for profits and them + bots are keeping the price "stable" until they do major dumps/shorting like today with the nice dip down to 375 randomly. It's due to a huge short position that keeps opening at this level from probably the same group of people with massive amounts of money but hey you idiot nerds with computers must be much more correct them then lmfao.
You are officialy retarded when you said money can only flow into bitcoin lmfaooooooo
Just because they can't be destroyed??? lmfao!!!
Do you know what's in it for me??? Getting out while I can when I already made a nice profit in bitcoin which I am sure many on here have too.
My only wish is I would have cashed out near 800 like I was planning but my faith in this system created by scammers and crooks made me hold...
I am trying to save people money.
People who are thinking about buying into bitcoin will think twice after they read these & the many other truthful threads.
That is important.
To save our fellow man pain when you should all know better.
LMFAO, where you stupid enough to buy bitcoins? Didn't you know that 18$ million was going to dissapear from WALLETS?
Oh my, lmfao, what a noobie you are
PS: instead of lyfao so much, perhaps try and explain what you are saying, so that NORMAL people understand what you are saying instead of only the braindead.
Look up the term "market cap". Save yourself some effort in recreating the wheel. BTW, you left out wallets worth less than 1 USD. So your results are not valid.
You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this?
Not only did you forget all wallets under $1, you forgot the EXCHANGE RATE.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
WTF keeps getting so hard to understand about that???
CALCULATE IT YOURSELF & GET BACK TO ME INSTEAD OF TYPING SHIT YOU KNOW NOTHING ABOUT!
You guys keep talking about market cap sounding like complete idiots... Market cap is coins in existence X the current exchange rate! How can you rely on that when exchanges and institutions are trading to each other for profits and them + bots are keeping the price "stable" until they do major dumps/shorting like today with the nice dip down to 375 randomly. It's due to a huge short position that keeps opening at this level from probably the same group of people with massive amounts of money but hey you idiot nerds with computers must be much more correct them then lmfao.
You are officialy retarded when you said money can only flow into bitcoin lmfaooooooo
Just because they can't be destroyed??? lmfao!!!
Do you know what's in it for me??? Getting out while I can when I already made a nice profit in bitcoin which I am sure many on here have too.
My only wish is I would have cashed out near 800 like I was planning but my faith in this system created by scammers and crooks made me hold...
I am trying to save people money.
People who are thinking about buying into bitcoin will think twice after they read these & the many other truthful threads.
That is important.
To save our fellow man pain when you should all know better.
… and yes, the money is flowing into Bitcoin Companies, ie. into the Bitcoin economy.
OP idiot, you also mention that this has never happened before in the history of Bitcoin. Go do your same "calculations" for this week of 2013 and you'll be shocked at just how many "dollars left bitcoin" that week … market cap dropped a few billion dollars that week.
OP idiot, you also mention that this has never happened before in the history of Bitcoin. Go do your same "calculations" for this week of 2013 and you'll be shocked at just how many "dollars left bitcoin" that week … market cap dropped a few billion dollars that week.
Not only did you forget all wallets under $1, you forgot the EXCHANGE RATE.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
wow lmfao how can you still not get it??? THIS IS ADDING UP ALL THE WALLETS OWNED BY EVERYONE EVERYWHERE!
The movement's from address y to address x will not cause this calculation to move. $18mil is missing from bitcoin economy in total! Meaning address x to USD!!! Meaning it is gone from bitcoin. What is so hard to understand about that??? You are talking about the brackets because you are dumbs as rocks. I am talking about adding all the wallets in existence together, why is that so hard to understand? CEX,IO wallet + mining farms wallets + Tim Draper's wallet + everyone in fucking bitcoin.
There is now $18mil actual dollars less in ALL bitcoin wallets than one month ago.
The top owner went from 1.2% to 1.6% ownership in 1 day. God knows how many other wallets he own's too. Wake up people!!! You will be sorry if you keep buying!!!
WTF are you on about. There are NO "actual dollars" in any bitcoin wallet. Wallets have bitcoin balances, NOT dollar balances.
So, since you've managed to include "all" wallets, tell me, how many actual dollars do I have in my wallets? I have never even touched a dollar bill in my life.
Bitcoin's market cap is sometimes given a USD value, which is affected by two factors only: the amount of bitcoin in existence and the USD/BTC exchange rate. No movement between wallets affects this market cap, a value which also does not have that much meaning. The fact that a certain amount of bitcoin was just traded on an exchange at a rate of $382/bitcoin does not necessarily mean that every bitcoin in existance had a sudden shift in value.
Currently, money is flowing INTO the Bitcoin economy. Money is spent on mining hardware and electricity and VC money is creating new infrastructure and expertise in the Bitcoin economy.
You're an idiot... Money is flowing into bitcoin COMPANIES! Not into buying bitcoin directly. There is a huge difference, no actual dollars are coming into bitcoin, in one month $18mil dollars worth actually left. I am calculating this in dollars because bitcoins can't actually leave or vanish at all but if the value of ALL wallets combined continue to be less when each coin is calculated at the same rate (value) then you can tell holders are selling more and more every month what would that mean to you. The fact that the number 1 bitcoiner went from 1.2% to 1.6% in a day means nothing to you? If owns all those wallets that have 10k btc in them exactly then how centralized is this economy??
This is a fraud. You are all being robbed. Wake up now!
No, I'm not an "idiot" you little cunt. You're the idiot for actually "calculating" this by using another cunt's web page telling you dollar values of wallets (did you even bother to check how that cunt calculated those) and reversing everything to his starting point that basically included 1. number of coins in circulation and 2. USD/BTC rate. Just look at market cap, which is what you're trying to get back to in any case. On top of this you've gone and fucked up your calculations in any case, as market cap did not drop by $18mm during the week in question.
Just check http://ondn.net:800/topamount, coins are still centralizing, means large whale are still accumulating more coins
And the bitcoin exchange rate only reflect the coins in circulation, lots of coins are just lost or hoarded forever. If there is only one coin for sell today and there is 1 million dollar to buy, then that coin will worth 1 million dollar, but not the rest of the coins
And the bitcoin exchange rate only reflect the coins in circulation, lots of coins are just lost or hoarded forever. If there is only one coin for sell today and there is 1 million dollar to buy, then that coin will worth 1 million dollar, but not the rest of the coins
When smart money accumulates, it's very bullish.
Just check http://ondn.net:800/topamount, coins are still centralizing, means large whales are still accumulating more coins
And the bitcoin exchange rate only reflect the coins in circulation, lots of coins are just lost or hoarded forever. If there is only one coin for sell today and there is 1 million dollar to buy, then that coin will worth 1 million dollar, but not the rest of the coins
And the bitcoin exchange rate only reflect the coins in circulation, lots of coins are just lost or hoarded forever. If there is only one coin for sell today and there is 1 million dollar to buy, then that coin will worth 1 million dollar, but not the rest of the coins
Look up the term "market cap". Save yourself some effort in recreating the wheel. BTW, you left out wallets worth less than 1 USD. So your results are not valid.
wow lmfao how can you still not get it??? THIS IS ADDING UP ALL THE WALLETS OWNED BY EVERYONE EVERYWHERE!
The movement's from address y to address x will not cause this calculation to move. $18mil is missing from bitcoin economy in total! Meaning address x to USD!!! Meaning it is gone from bitcoin. What is so hard to understand about that??? You are talking about the brackets because you are dumbs as rocks. I am talking about adding all the wallets in existence together, why is that so hard to understand? CEX,IO wallet + mining farms wallets + Tim Draper's wallet + everyone in fucking bitcoin.
There is now $18mil actual dollars less in ALL bitcoin wallets than one month ago.
The top owner went from 1.2% to 1.6% ownership in 1 day. God knows how many other wallets he own's too. Wake up people!!! You will be sorry if you keep buying!!!
WTF are you on about. There are NO "actual dollars" in any bitcoin wallet. Wallets have bitcoin balances, NOT dollar balances.
So, since you've managed to include "all" wallets, tell me, how many actual dollars do I have in my wallets? I have never even touched a dollar bill in my life.
Bitcoin's market cap is sometimes given a USD value, which is affected by two factors only: the amount of bitcoin in existence and the USD/BTC exchange rate. No movement between wallets affects this market cap, a value which also does not have that much meaning. The fact that a certain amount of bitcoin was just traded on an exchange at a rate of $382/bitcoin does not necessarily mean that every bitcoin in existance had a sudden shift in value.
Currently, money is flowing INTO the Bitcoin economy. Money is spent on mining hardware and electricity and VC money is creating new infrastructure and expertise in the Bitcoin economy.
You're an idiot... Money is flowing into bitcoin COMPANIES! Not into buying bitcoin directly. There is a huge difference, no actual dollars are coming into bitcoin, in one month $18mil dollars worth actually left. I am calculating this in dollars because bitcoins can't actually leave or vanish at all but if the value of ALL wallets combined continue to be less when each coin is calculated at the same rate (value) then you can tell holders are selling more and more every month what would that mean to you. The fact that the number 1 bitcoiner went from 1.2% to 1.6% in a day means nothing to you? If owns all those wallets that have 10k btc in them exactly then how centralized is this economy??
This is a fraud. You are all being robbed. Wake up now!
wow lmfao how can you still not get it??? THIS IS ADDING UP ALL THE WALLETS OWNED BY EVERYONE EVERYWHERE!
The movement's from address y to address x will not cause this calculation to move. $18mil is missing from bitcoin economy in total! Meaning address x to USD!!! Meaning it is gone from bitcoin. What is so hard to understand about that??? You are talking about the brackets because you are dumbs as rocks. I am talking about adding all the wallets in existence together, why is that so hard to understand? CEX,IO wallet + mining farms wallets + Tim Draper's wallet + everyone in fucking bitcoin.
There is now $18mil actual dollars less in ALL bitcoin wallets than one month ago.
The top owner went from 1.2% to 1.6% ownership in 1 day. God knows how many other wallets he own's too. Wake up people!!! You will be sorry if you keep buying!!!
WTF are you on about. There are NO "actual dollars" in any bitcoin wallet. Wallets have bitcoin balances, NOT dollar balances.
So, since you've managed to include "all" wallets, tell me, how many actual dollars do I have in my wallets? I have never even touched a dollar bill in my life.
Bitcoin's market cap is sometimes given a USD value, which is affected by two factors only: the amount of bitcoin in existence and the USD/BTC exchange rate. No movement between wallets affects this market cap, a value which also does not have that much meaning. The fact that a certain amount of bitcoin was just traded on an exchange at a rate of $382/bitcoin does not necessarily mean that every bitcoin in existance had a sudden shift in value.
Currently, money is flowing INTO the Bitcoin economy. Money is spent on mining hardware and electricity and VC money is creating new infrastructure and expertise in the Bitcoin economy.
How many millions of dollars went into wallets in one month?
NONE RETARD! No matter how much went in the loss of money in bitcoin was a over $18mil loss in one month alone
Can you post a link to information that verifies your figures?
Seriously?? The picture is posted and so is the link, just calculate yourself! Nobody here does their own due diligence, it's sad
What link, and does the total value of all transaction outputs include coins that were returned to the sender as change? There are block explorers that include change returned in their output statistics.
You guys still don't get it!...
This link https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html has a bar of addresses richer than ___ above the first richest bitcoin owner.
Right now the calculation is
Addresses richer than
1 USD = 1,627,260
100 USD = 509,811
1,000 USD = 204,723
10,000 USD = 74,044
WHICH IS A HUGE JUMP FROM ONE MONTH AGO (shown in the picture on page one of this thread)
When you add up the amounts you will see that ALL THE BITCOIN IN ALL WALLETS EVERYWHERE are $18mil dollars LESS than a month ago meaning over $18mil was completely cashed out & not returning back to bitcoin! Open your eyes people this has never happened on such a massive scale before. Watch what happens when I come back to these numbers in another month & you guys are still in denial! You idiots could get hit by a brick & not even know it, smfh!
Since I wrote this article the richest bitcoiner went from 1.2% ownership to 1.6% ownership in ONE FUCKING DAY... Open you fucking eyes people before all your money is gone.
How is bitcoin ever "cashed out" of the bitcoin economy? The bitcoins are still there, if anything they have just moved from address x to address y. What does this mean? Well we can only speculate. It could simply mean that the bit-poor are selling their bitcoins TO the bit-rich and the bit-rich are just accumulating more coins.
It could also be that some of these large address are exchanges such as Bitstamp, OKCoin, Huobi, coinbase* etc and that more people are moving their coins to exchanges to trade.
If you are looking at just the fiat amount of bitcoin decreasing that could simply be from the current bitcoin price decline. For example if I own 3 bitcoins currently I would have >1000USD and I would fit in the >$1000 USD bracket. Now if bitcoin price hits $300, now I'm moved down to the >$100 bracket and if you add all of the affected people up there would appear to be less USD in each bracket when really no bitcoin movement has occurred at all (I still have my 3 bitcoins).
There are many other possibilities as well, but you cannot simply look at how many people fall into USD brackets and state that $18 million USD of bitcoin was "cashed out" of the system.
wow lmfao how can you still not get it??? THIS IS ADDING UP ALL THE WALLETS OWNED BY EVERYONE EVERYWHERE!
The movement's from address y to address x will not cause this calculation to move. $18mil is missing from bitcoin economy in total! Meaning address x to USD!!! Meaning it is gone from bitcoin. What is so hard to understand about that??? You are talking about the brackets because you are dumbs as rocks. I am talking about adding all the wallets in existence together, why is that so hard to understand? CEX,IO wallet + mining farms wallets + Tim Draper's wallet + everyone in fucking bitcoin.
There is now $18mil actual dollars less in ALL bitcoin wallets than one month ago.
The top owner went from 1.2% to 1.6% ownership in 1 day. God knows how many other wallets he own's too. Wake up people!!! You will be sorry if you keep buying!!!
What a weird little echo chamber
How many millions of dollars went into wallets in one month?
NONE RETARD! No matter how much went in the loss of money in bitcoin was a over $18mil loss in one month alone
Can you post a link to information that verifies your figures?
Seriously?? The picture is posted and so is the link, just calculate yourself! Nobody here does their own due diligence, it's sad
What link, and does the total value of all transaction outputs include coins that were returned to the sender as change? There are block explorers that include change returned in their output statistics.
You guys still don't get it!...
This link https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html has a bar of addresses richer than ___ above the first richest bitcoin owner.
Right now the calculation is
Addresses richer than
1 USD = 1,627,260
100 USD = 509,811
1,000 USD = 204,723
10,000 USD = 74,044
WHICH IS A HUGE JUMP FROM ONE MONTH AGO (shown in the picture on page one of this thread)
When you add up the amounts you will see that ALL THE BITCOIN IN ALL WALLETS EVERYWHERE are $18mil dollars LESS than a month ago meaning over $18mil was completely cashed out & not returning back to bitcoin! Open your eyes people this has never happened on such a massive scale before. Watch what happens when I come back to these numbers in another month & you guys are still in denial! You idiots could get hit by a brick & not even know it, smfh!
Since I wrote this article the richest bitcoiner went from 1.2% ownership to 1.6% ownership in ONE FUCKING DAY... Open you fucking eyes people before all your money is gone.
How is bitcoin ever "cashed out" of the bitcoin economy? The bitcoins are still there, if anything they have just moved from address x to address y. What does this mean? Well we can only speculate. It could simply mean that the bit-poor are selling their bitcoins TO the bit-rich and the bit-rich are just accumulating more coins.
It could also be that some of these large address are exchanges such as Bitstamp, OKCoin, Huobi, coinbase* etc and that more people are moving their coins to exchanges to trade.
If you are looking at just the fiat amount of bitcoin decreasing that could simply be from the current bitcoin price decline. For example if I own 3 bitcoins currently I would have >1000USD and I would fit in the >$1000 USD bracket. Now if bitcoin price hits $300, now I'm moved down to the >$100 bracket and if you add all of the affected people up there would appear to be less USD in each bracket when really no bitcoin movement has occurred at all (I still have my 3 bitcoins).
There are many other possibilities as well, but you cannot simply look at how many people fall into USD brackets and state that $18 million USD of bitcoin was "cashed out" of the system.
wow you guys really don't understand what to look for in a market! Im sorry, let me break it down...
The total dollar amount of bitcoin that is being held in ALL wallets right now is $18mil dollars LESS than what this same site is reporting a month ago. Take yourself to https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html and add up all the wallets then look at the picture I took one month ago and add that up! One month ago there was $18mil more dollars in bitcoin wallets. IN ALL WALLETS! Exchange massive wallets, huge holders, venture capitalist, everyone together is now $18mil less than a month ago. WTF is so hard to understand about that??
Why is it so hard to understand the exchange prices right now are being manipulated to same around the same level and slowly decrease to extract money from the unknowing daily. Open your eyes. Im whistle blowing here because people are poised to lose millions form a cleverly crafted scheme created by a few to benefit a few and rip off many.
The total dollar amount of bitcoin that is being held in ALL wallets right now is $18mil dollars LESS than what this same site is reporting a month ago. Take yourself to https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html and add up all the wallets then look at the picture I took one month ago and add that up! One month ago there was $18mil more dollars in bitcoin wallets. IN ALL WALLETS! Exchange massive wallets, huge holders, venture capitalist, everyone together is now $18mil less than a month ago. WTF is so hard to understand about that??
Why is it so hard to understand the exchange prices right now are being manipulated to same around the same level and slowly decrease to extract money from the unknowing daily. Open your eyes. Im whistle blowing here because people are poised to lose millions form a cleverly crafted scheme created by a few to benefit a few and rip off many.
Yes, we understand this
What we don't understand is what's so significant about it?
Um Ok think about this... Even at the current rate $1.4mil in BTC is mined DAILY! It cost half a million per day ($500,000) in electricity just to create that "value"... Market price means nothing these are now a few huge institutions controlling the price constantly buying and selling to each other for profits (hence the massive sideways trading then organized dumps) Everyone retail is holding this now as speculation for $1,000 per coin but they don't understand that will make the market cap over $14 Billion dollars and we can barely hold on to $5mil market cap LOL! All this talk is hilarious blabber by people who can't calculate. The dumbest governments in the world are printing cheaper money!
There is so much wrong with this statement. I think it is you that has the calculations wrong...
so what youre saying is the many people rich with bitcoin are buying christmas presents. shocker.
How many millions of dollars went into wallets in one month?
NONE RETARD! No matter how much went in the loss of money in bitcoin was a over $18mil loss in one month alone
Can you post a link to information that verifies your figures?
Seriously?? The picture is posted and so is the link, just calculate yourself! Nobody here does their own due diligence, it's sad
What link, and does the total value of all transaction outputs include coins that were returned to the sender as change? There are block explorers that include change returned in their output statistics.
You guys still don't get it!...
This link https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html has a bar of addresses richer than ___ above the first richest bitcoin owner.
Right now the calculation is
Addresses richer than
1 USD = 1,627,260
100 USD = 509,811
1,000 USD = 204,723
10,000 USD = 74,044
WHICH IS A HUGE JUMP FROM ONE MONTH AGO (shown in the picture on page one of this thread)
When you add up the amounts you will see that ALL THE BITCOIN IN ALL WALLETS EVERYWHERE are $18mil dollars LESS than a month ago meaning over $18mil was completely cashed out & not returning back to bitcoin! Open your eyes people this has never happened on such a massive scale before. Watch what happens when I come back to these numbers in another month & you guys are still in denial! You idiots could get hit by a brick & not even know it, smfh!
Since I wrote this article the richest bitcoiner went from 1.2% ownership to 1.6% ownership in ONE FUCKING DAY... Open you fucking eyes people before all your money is gone.
Jump to: