They accumulate bitcoin but how about you? - page 2.

PrivacyG

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Quote from: CryptoHeadlineNews on November 22, 2023, 10:12:59 AM

But my biggest problem now is, if the CEO of Binance finally happens to pay his charge which he pleaded guilty yesterday by the U.S Justice department of over $4 billion (i.e approx 109,589 BTC), his position as the 2nd highest Bitcoin holder in the world will be move over to "Grayscale" (i.e if 109,589 BTC is been subtracted from the current Binance holding of 643,546 BTC)

While the U.S Government will be having 207,189 + 109,589 = 316,778 BTC

Will CZ pay his charge in Bitcoin? It would be a World first such thing. Otherwise The United States will only continue to hold on to their Bitcoin holdings or sell them while CZ has to SELL Bitcoin to pay his charges in Dollars. Which is a hit in the stomach for Bitcoin. Temporarily.

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Quote from: BlackHatCoiner on November 22, 2023, 10:09:20 AM

I'm struggling to imagine how these government holdings are worked out, because most of the time when they seize coins they sell them afterwards.

I am wondering how they are worked out too. There was only one country I heard of which was actively purchasing Bitcoin or holding on to the seized Coins. It was Croatia I believe.

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Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.

There are also many smart people here who are aware of the importance and value of investing in Bitcoin. But in reality, you still can't do it. Not because you don't want to, but because you don't have the money to invest. So, this will also depend on a person's financial condition. We don't need to compare it with these whales. because even wanting to use it as motivation is too high.

For me, investing in Bitcoin is one of the things that is very valuable and I have always wanted to do. It's not much, but at least I can do it little by little. it doesn't need to be too much or beyond our financial capabilities. remain guided by financial capabilities so that whatever happens, we can still handle the risks. Cheers to the small investors who are really struggling.

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Quote from: Husires on November 22, 2023, 07:02:08 AM

In the coming years, collecting 1 Bitcoin may be difficult, so try not to sell as long as you have the option.

We do not have to wait for years, collecting 1 Bitcoin for an ordinary Joe is difficult even now. The price of BTC is really high @$36k+ and that is worth a million in my currency. The ordinary wage of a minimum earner in my country is around $11 a day, so just imagine how long it will take for an ordinary employee to buy the whole Bitcoin that costs around $36k+.

So I think it is good to start DCA-ing now to shorten the time to accumulate 1 BTC regardless of ow much we earn, because the price of Bitcoin might double in the near future, once it enters the bullish market and starts to surge.

Onyeeze

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This is people that have the insight of value of bitcoin, forget about satoshi because he already knew that bitcoin will become something of interest of people, so I believe that any other person that store large amounts of bitcoin still have such mindset of satoshi to accumulate their bitcoin, assuming I had money that can get thirty or twenty bitcoin now I will use the money to accumulate bitcoin for myself knowing that if bitcoin keep staying long that will how it appreciations in value will continue, people that overlooked bitcoin and refuse to accumulate bitcoin or value bitcoin is countries even states in a country supposed to invest in bitcoin so that when inflation comes they can have something that help them to recover from inflation

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I mean people have different capability about what they can afford and if you really compare us with the big company based on that picture and then I don't know what to say. Maybe in the background, most of us are collecting Bitcoin but with the small amount. I don't really like being generalized if being compared with big tech company like this. It doesn't boost your motivation.

ZAINmalik75

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Quote from: Aanuoluwatofunmi on November 22, 2023, 06:42:53 AM

There's no law that is restricting any investors from making bitcoin accumulation as long as they can afford to do so, these whales we are seing already have the coins over a long period of time,

Op did not mean to say these companies or platforms have permission to accumulate BTC only instead OP was trying to motivate us by providing some facts and numbers about the top 10 BTC holders and how much BTC do the new ETF companies have and if they can accumulate these BTC over a long period of time we can also do that on our own.

And we should accumulate BTC but it's a self-choice of everyone, some prefer to do trading some prefer to do holding it all depends on the targets of every person.

Accumulation does have better results than doing trading in the long run because in trading we don't only make profits as there are losses too. So, overall average profits can exceed in holding if compared with trading average profits. Because BTC has proven to be a long-term asset with good ROI.

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Quote from: Natalim on November 22, 2023, 08:48:04 AM

Many individuals wish to follow in the footsteps of these people, companies, and entities but sadly, they don't have the capability to do it. It means that even if we like it but without financial capabilities, investing in Bitcoin seems not to be the first priority.

Though I encourage people to look at the positive view of Bitcoin and make a decision to invest but still remind them that only invest the amount that we can afford. I don't mention the amount we lose as it is because Investing in Bitcoin is truly profitable if managed well, so I don't think there is a reason to lose our money if we want to earn.

We are just dust when compared to other companies or exchanges because it is clearly not comparable, as for the government holding BTC is it buying or confiscating from some platforms or other criminal acts? It's clear they did that and the government is always entitled to its ownership.

I myself even continue to encourage investment and continue to accumulate BTC as much as possible to spend, it is according to our abilities but over time with a long time surely the bitcoin that is owned will be more, at least by reaching 1 BTC alone it has become the hope of many people for the middle to lower class.

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With this kind of record in existence, there is much hope for Bitcoiners, for such institutions to hold such an amount of Bitcoin till this moment, without shaking, what are we waiting for, I think what we should be doing as individuals now is to do out best to roll out the investment plan that fits out income rate, we must not accumulate much now but in time coming little by little we will go far, what I saw here today has encouraged me more and more, it means that we do more to have our own investment in bitcoin, even though those Bitcoin I saw is been one by people, I come to a conclusion that there something to this bitcoin that is yet to be discovered.

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Apart from Satoshi Nakamoto that hold 1.1M BTC according to the list you provided in the OP, most of the other holders are either exchanges that are into bitcoin and crypto business, and government that invested that high amount of money to save their country's economy because they realize the potential in bitcoin and they invested in order to gain for their business and their country.

It will be difficult for a single individual to hold such huge amount of bitcoin, that is no single person's name is listed in the list because it will be very difficult for a single person to hold big amount of bitcoin; although there are people that are holding bitcoin because they are business persons and are saving their funds in bitcoin, and probably, some of them accumulate their bitcoin through DCA method.

Individually as late bitcoiners, I think DCA method is the best for us to keep accumulating the little fractions of bitcoin we can afford.

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Quote from: Aanuoluwatofunmi on November 22, 2023, 06:42:53 AM

There's no law that is restricting any investors from making bitcoin accumulation as long as they can afford to do so, these whales we are seing already have the coins over a long period of time, yet they keep on holding while some were privileged to use their financial support to acquire that much and hold as well, bitcoi comes with an equal opportunity for everyone, if you think it's unfair for only this set of people to be the whales then why not join or support them through, everyone has equal opportunities and they are making Investment with the little they had.

Yes a person can accumulate as many bitcoins as they want. And you can do it completely secretly. Because it is possible to track how many bitcoins are in a wallet but it is never possible to track who is using which bitcoin wallet. However, the ones mentioned by the op are the official websites of various centralized exchanges, there are no private bitcoins of those exchanges. Those bitcoins belong to different users. Everyone who can think about the future of Bitcoin wants to save Bitcoin. Because its future is very bright

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Governments generally don't accumulate BTC for investment purposes, they just auction them whenever possible after they acquire them. And many of the entities in the OP hold BTC only for custodial purposes. Grayscale's real BTC stash is much smaller, maybe to the tune of a few tens of thousands from fees accumulated from their GBTC instrument. But bear in mind that DGC who owns GBTC is also indebted through a bankruptcy case because they lost a lot of BTC that they lent out to irresponsible traders such as FTX's "Alameda Research" and Three arrows capital.

And Robin Hood holds BTC on behalf of people. They too charge fees but their real self-holdings aren't to the tune of 100k BTC.

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Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.

I use to be angry anytime I see people have early access to bitcoin but ager carefully thinking it through, I don't blame myself for that incompetency. Probably I wasn't meant to be there but now that I'm here, I will continue to keep the one I can for the time because I don't think anyone like me will have such opportunities ever again.

However, if you have money to spend, it's very easy to get those numbers. An OTC transaction will give you the numbers of that bitcoin.

Quote

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Before consider DCA and apply it, let's discover big Bitcoin investors.

Above are graphics and you can get details with two websites for Bitcoin Treasuries.

I thought it has been discussed many times that Satoshi night not even be alive or perhaps that bitcoin will remain untouched forever because it's been long Satoshi left the bitcoin forum(the old bitcoin forum) and CZ is currently been investigated, what is the probability that he will be able to move this coins soon.

Hopefully, one day we get to see bitcoin in high price and I want to see what this people will do with their bitcoin in the future, the liquidity we need right now for them to spend all these bitcoin will have to be 4X of the current market.

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That information is not accurate, maybe old? Because there are few more companies that are not Bitcoin holders, why isn't Black Rock on the list? I guess its because the information is old, anyways, the combined number of Bitcoin is 21 million and only 3 million is with these people or company, damn, there are lots of Bitcoin still available to go, but I stand with my point, this data is inaccurate.

If you are reading this right now and you are feeling like you missing out because you don't have the capability do not kill yourself, there is nothing to be on rush about, find a source of income or if you have money that you can spare for few years, use it to buy the Bitcoin that's within your limit, these companies are multi million dollars company, they have the money to easily accumulate Bitcoin, do not feel left out and do not turn criminal because you want to buy Bitcoin, you will still make profit with whatever amount you invest.

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I believe the US and Chinese governments got most of their bitcoin holdings from confiscation of bitcoin from their citizen who got bitcoin unlawfully or scamming others while the rest entities would have gotten bitcoin at its early stage for them to have such a huge amount of bitcoin in their custody.

Comparing the amount of Bitcoin owned by each of them with today's Bitcoin price is a whole lot of money. I am just imagining when any of them decides to sell theirs, the effect it will have on the crypto market. I believe that one day they will.

I don't think this is what we should be happy about because I am looking at the future when any of them decides to sell all of their bitcoin holdings when it reach $1 million or more. None of them would hodl their bitcoin forever, in my opinion.

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Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins..

At the beginning of Bitcoin, some of the luckiest people bought Bitcoin at a very low price. But after that some people got fear of loss because of misguideness they decided to sell their BTC and did it, some of them bought Bitcoin and saved it in their wallet just to hold it for a long period and unfortunately they lost their wallet access and they will regret to the whole life. But in these, some save Bitcoin and save their wallet access too because they know the potential of Bitcoin that one day it will go to a very big price and now one can buy it and the interesting thing is that they bought a lot of Bitcoin not 2 or 100 but in thousands. These people took risks at that time and now they are happy. We call them whales now and they are the ones who change the market scenario by moving it up and down in it's prices.

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Quote from: Don Pedro Dinero on November 22, 2023, 09:49:13 AM

Well, As for me, I accumulate as much as I can and I also plan to sell partially in the bull market, although the plan is to have more and more bitcoin in the long term. What these institutions do tells me little, and those attributed to Satoshi, which are not all clearly his and are probably 'donated' to the rest of the holders, to paraphrase him, should not be on that list in my opinion.

I’m trying to accumulate as much BTC as possible right now before the halving.

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Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins.

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Before consider DCA and apply it, let's discover big Bitcoin investors.

I thought Mt. Gox was an exchange that was hacked and the funds were recovered and put under a trustee Nobuaki Kobayashi. The funds belong to the victims so we cannot generalize that the exchange is a smart holder of Bitcoin. The only reason why the funds are is still available today is that it was recovered and waiting to be disbursed to Mt Gox customers.
The picture in the original post is Dorian Nakamoto and not Satoshi Nakamoto.

Quote from: Lorence.xD on November 22, 2023, 10:18:50 AM

It's alright to not rush yourself if you cannot really accumulate in your current situation for example in your financial status, if you still cannot afford to invest due to your money is just enough to provide your essential needs. We know that this kind of topic and thread is to motivate people to invest in Bitcoin, knowing their potential, but I hope some wouldn't be pressured with some words like "you might be late to invest in BTC". There are no latecomers, it is just that you can profit hugely if you started earlier as Bitcoin is increasing its value and reaching its new ATH. Just don't use the money you can't afford to lose in investing in Bitcoin, or even worse taking a loan due to FOMO. Though you can hold it might take a lot of time for Bitcoin to increase which can worsen your situation for paying up your loan with high interest. Invest with yourself first with knowledge and skills if you don't have the funds yet.

Providing your essential needs is more important than investing because you have to be alive to invest. But sometimes investing comes with determination and sacrifice. Bitcoin can be bought in bits so low-income earners could invest by applying DCA. There is no convenient time to invest because there will always be needs to meet. So instead of keeping money in bank accounts buying Bitcoin gradually would be a good option. Bitcoin is a volatile asset so taking a loan to invest in the coin is highly risky and should never be the case. Sometimes you have to wait for about four years to make profit from Bitcoin and the interest from the loan will be greater than the profit from investment.

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Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

~snip

It is completely incorrect to compare the accumulated bitcoins of corporations and governments with individual people. In the current reality, it is completely impossible to accumulate hundreds of thousands (in fact, even a few) bitcoin for most people, with the exception of the very early investors (who bought hundreds and even thousands bitcoin a very long time ago).

What I noticed most in the picture above is that some firms (Binance and Grayscale) own much more bitcoins than entire states (Chinese or US government), which makes them much more influential in this area. This is not at all surprising when in our time corporations have become more influential than countries; in a sense, these corporations are already surrogates for countries with no less influence.

Ordinary people have no choice but to accumulate ~~bitcoin~~ satoshi (hundreds of thousands). It's still possible for now.

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Quote from: Natalim on November 22, 2023, 08:48:04 AM

Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging.

Many individuals wish to follow in the footsteps of these people, companies, and entities but sadly, they don't have the capability to do it. It means that even if we like it but without financial capabilities, investing in Bitcoin seems not to be the first priority.

Though I encourage people to look at the positive view of Bitcoin and make a decision to invest but still remind them that only invest the amount that we can afford. I don't mention the amount we lose as it is because Investing in Bitcoin is truly profitable if managed well, so I don't think there is a reason to lose our money if we want to earn.

It's actually alright to not rush yourself if you cannot really accumulate in your current situation for example in your financial status, if you still cannot afford to invest due to your money is just enough to provide your essential needs. We know that this kind of topic and thread is to motivate people to invest in Bitcoin, knowing their potential, but I hope some wouldn't be pressured with some words like "you might be late to invest in BTC". There are no latecomers, it is just that you can profit hugely if you started earlier as Bitcoin is increasing its value and reaching its new ATH. Just don't use the money you can't afford to lose in investing in Bitcoin, or even worse taking a loan due to FOMO. Though you can hold it might take a lot of time for Bitcoin to increase which can worsen your situation for paying up your loan with high interest. Invest with yourself first with knowledge and skills if you don't have the funds yet.

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Quote from: SquirrelJulietGarden on November 22, 2023, 06:29:36 AM

These people are not just smart, but are set of individuals who were opportuned into the Bicoin project and yet believed in it when nobody saw its value and kept holding, and as such they deserves being on the list of highest holders of Bitcoin in reserve, since I'm sure most could have bought when it's price value was significantly low, and yet kept on accumulating more and more.
But my biggest problem now is, if the CEO of Binance finally happens to pay his charge which he pleaded guilty yesterday by the U.S Justice department of over $4 billion (i.e approx 109,589 BTC), his position as the 2nd highest Bitcoin holder in the world will be move over to "Grayscale" (i.e if 109,589 BTC is been subtracted from the current Binance holding of 643,546 BTC)

While the U.S Government will be having 207,189 + 109,589 = 316,778 BTC

Topic: They accumulate bitcoin but how about you? - page 2. (Read 438 times)