Where is your bitcoin balance at the end of the year?

Kryptowerk

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Disobey.

Quote from: buwaytress on December 31, 2022, 12:17:24 PM

Quote from: Kryptowerk on December 31, 2022, 10:54:16 AM

That was kind of a random number, however, if we expect the next big one or two bullmarkets, these 170 usd could well turn into 5 - 10k.
The main reason I picked a low value like 0.01 - if stored on one address it would be likely to see more addresses with higher balances associated to it. Even thought it might be baseless it could be assumed that this person owns a lot more than what is seen on this one address.
Especially among the thugs there are lots of irrational actors and thus, even though objectively it's a low balance compared to other things that are much more easily accessible, might catch their attention.

So it was a random number then haha, if so, what should be the maximum amount before it becomes "risky" to reveal? And that was my point, 170 could be 5k, 10k (again, arbitrary), 10 could also be 10k or more in some very far future.

Trust me, there are people out there hunting for targets sure, but they're on the lookout for risky behaviour rather than scanning for arbitrary numbers.

It's not the amount, it's how easy a victim you might be, how low hanging a fruit you are.

"low hanging fruit" - That's a valid point for sure. I just think if you post your Bitcoin-wealth on a public forum that automatically puts you closer into the category "low hanging fruit" - it's just a very strange (possibly) attention-seeking behaviour that could be exploited.
So yeah, if you make a post about 0.005 or even 0.03 BTC in your wallet, sure that doesn't sound like much (because it isn't) but as soon as you reach higher numbers 0.1+ I'd say this is very attractive for scammers - much easier to scam for a digital asset like Bitcoin from someone publicly writing about it, than any other assets / items of value or "traditional money".

So what I am saying is, 0.01 is not a purely random number - better safe than sorry. Simply avoid talking about your "crypto wealth" if possible - starting from a very amount.

Oneandpure

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Quote from: wxa7115 on December 30, 2022, 07:17:59 PM

Never tell anyone the amount of bitcoin you have accumulated so far, tell me do you go through your life telling people every single detail about your financial situation? If the answer is no then do not reveal this information in a public forum like this.

As there are many scammers and hackers that will try to steal those funds and make you their next victim, now some may believe that I am exaggerating with this but I do not think I am doing so as the danger of being scammed is very real.

I think need take privacy about how much our Bitcoin assets investment for public, we don't know about how scammer way hacked our wallet without know yet with how much investment fund we have, I little disagree about transparent and always try to show for public about having Bitcoin assets and talk them which placed using for holding Bitcoin.

When publishing about how much Bitcoin assets we have and where hold it, I think opening way for scammer looking for the way how to hack our assets, better keep hidden and make privacy with your family only about how much Bitcoin assets do you have and what place used for saving fund in cold wallet or hidden in at exchange market.

buwaytress

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Quote from: Kryptowerk on December 31, 2022, 10:54:16 AM

That was kind of a random number, however, if we expect the next big one or two bullmarkets, these 170 usd could well turn into 5 - 10k.
The main reason I picked a low value like 0.01 - if stored on one address it would be likely to see more addresses with higher balances associated to it. Even thought it might be baseless it could be assumed that this person owns a lot more than what is seen on this one address.
Especially among the thugs there are lots of irrational actors and thus, even though objectively it's a low balance compared to other things that are much more easily accessible, might catch their attention.

So it was a random number then haha, if so, what should be the maximum amount before it becomes "risky" to reveal? And that was my point, 170 could be 5k, 10k (again, arbitrary), 10 could also be 10k or more in some very far future.

Trust me, there are people out there hunting for targets sure, but they're on the lookout for risky behaviour rather than scanning for arbitrary numbers.

It's not the amount, it's how easy a victim you might be, how low hanging a fruit you are.

cryptomaniac_xxx

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Let's just say less than 0.1 BTC, not a lot for this year but I will continue to accumulate as much as I can, I think I just started to accumulate in the latter part of this year and again, I try my best if i have the money to buy. So I will continue with that strategy, DCA and see where it will get me through the next bull run 24/25. My target is around 0.2-0.35 BTC at least. Grin

.

And just to let you know it's on my hardware wallet and I take care of my security and safety precautions. So hopefully others too take it seriously as well.

Jody.Drummer

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Quote from: uneng on December 30, 2022, 07:38:36 PM

Quote from: Jody.Drummer on December 30, 2022, 06:48:49 PM

I personally am in the second group in this case because really looking at the current conditions instead of having to sell I prefer to hold on to the end because there really isn't any benefit for me if I sell it now especially with the Bearish conditions still passing because if I really only want to get 5-10 I think this percent is too little for such a valuable asset so it's better to hold on longer than to profit a little by risking not being able to get back in.

Good idea. At the currently scenario the best you can do is to collect most satoshis as possible for the next bull run, so once bitcoin becomes bullish you are ready to collect the sweet fruits of your crops, that is: to sell your holdings and retrieve the investment made. For now, it's not advised to sell bitcoin, unless you need to do this for daily expenses or emergencies. It can be a tough challenge to hold bitcoin and resist the temptation of spending it, but I believe on long term it will worth the sacrifice and you will feel proud of what you have done on the present time.

This returns to their respective perspectives, actually regardless of selling with a little profit or waiting for it to actually return to the previous price, even the new ATH, especially with the words $100k, is still a square off, this is still each other's choice, but indeed if you don't have a real need urgently, I don't think there is any reason to get out of the current market conditions, moreover, I still have several plans going forward by continuing to buy, so I think selling for me is something that hasn't been thought of for now.
Not that others should follow suit but this can be really good advice if you stick with it and never get out in these conditions.

Kryptowerk

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Disobey.

Quote from: buwaytress on December 30, 2022, 05:41:21 AM

Quote from: Kryptowerk on December 29, 2022, 09:21:41 AM

Anyone with slitghly higher balances than 0.01 should probably restrain themselves from publicly disclosing anything about it.

What stands out to me, looking at these statistics is the fact that 85% of all value stored in Bitcoin is distributed among only 0.5% of addresses / owners.
That's an extreme imbalance of wealth. Nothing new or suprising but I think it's worth pointing out.

Really, anyone who has $170 worth of money shouldn't disclose so? You can tell a person's minimum salary from their country. But yeah I get your point of course, just don't discuss anything of value unless necessary, of course. You don't flash your wealth unless you don't mind being a target. Doesn't apply just to Bitcoin.

It's an imbalance, the distribution, but that's only natural. Worth noting it's the most distributed wealth among crypto of value.

That was kind of a random number, however, if we expect the next big one or two bullmarkets, these 170 usd could well turn into 5 - 10k.
The main reason I picked a low value like 0.01 - if stored on one address it would be likely to see more addresses with higher balances associated to it. Even thought it might be baseless it could be assumed that this person owns a lot more than what is seen on this one address.
Especially among the thugs there are lots of irrational actors and thus, even though objectively it's a low balance compared to other things that are much more easily accessible, might catch their attention.

buwaytress

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Quote from: stompix on December 30, 2022, 12:39:25 PM

What makes it even more interesting is that while with fiat you could try and force a redistribution of wealth by just axing account balances, with Bitcoin is nearly impossible, my keys, my coins nothing you can do about it!

Last year, when the hype was building about algorithmic stablecoins and how they were way better than Bitcoin because they actually could expand/contract supply inside people's wallets (!!) to try and maintain value pegs, I found it to be a rare crypto joke that shitcoins thought they could do better than Bitcoin... by making themselves more like fiat!

You'd think the Terra/Luna/UST fiasco put that argument to bed but nope...

GideonGono

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I used to keep some of my crypto balance on some trading sites but after sometime I realized that it is better to keep it on your own wallet, where you have your own full ownership so right now all of my crypto are safe in my Ledger.
I only hold it on Ledger since I don't want to trade them or use them anytime soon I am planing to hold them as long as I could.

klidex

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Quote from: wxa7115 on December 30, 2022, 07:17:59 PM

Quote from: LDL on December 29, 2022, 03:57:28 AM

Bitcoin is about to end this year's journey through several hostile markets. Many have invested in Bitcoin this year and many have sold Bitcoin. Anyway, who has a balance at the end of the year?

Never tell anyone the amount of bitcoin you have accumulated so far, tell me do you go through your life telling people every single detail about your financial situation? If the answer is no then do not reveal this information in a public forum like this.

As there are many scammers and hackers that will try to steal those funds and make you their next victim, now some may believe that I am exaggerating with this but I do not think I am doing so as the danger of being scammed is very real.

Reviews like this are the ones that should be emulated where in fact there are still many users of this forum who care about other users and are willing to give good suggestions and advice.
Acts of fraud and theft through data hacking are indeed rife in this era, especially in the world of cryptocurrency.
We have to be extra careful in giving information and our data to other people. If necessary, don't have to say anything about the data we have.
Don't let the assets that we have stored and have collected from the past until now just disappear.

uneng

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Quote from: Jody.Drummer on December 30, 2022, 06:48:49 PM

Quote from: minime0105 on December 30, 2022, 05:09:28 PM

Bitcoin caaused alot of lost to people this year, so i believe that whoever that sell make gain in Bitcoin this year are are the people who buy and sell immediately without delay of selling it, fir the people who buy and save or store for long time are the people whom i believe that experience big lost, because this year taje off many profit in the market, which long term investors experience from my understanding of cryptocurrency.

I personally am in the second group in this case because really looking at the current conditions instead of having to sell I prefer to hold on to the end because there really isn't any benefit for me if I sell it now especially with the Bearish conditions still passing because if I really only want to get 5-10 I think this percent is too little for such a valuable asset so it's better to hold on longer than to profit a little by risking not being able to get back in.

Good idea. At the currently scenario the best you can do is to collect most satoshis as possible for the next bull run, so once bitcoin becomes bullish you are ready to collect the sweet fruits of your crops, that is: to sell your holdings and retrieve the investment made. For now, it's not advised to sell bitcoin, unless you need to do this for daily expenses or emergencies. It can be a tough challenge to hold bitcoin and resist the temptation of spending it, but I believe on long term it will worth the sacrifice and you will feel proud of what you have done on the present time.

wxa7115

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Quote from: LDL on December 29, 2022, 03:57:28 AM

Bitcoin is about to end this year's journey through several hostile markets. Many have invested in Bitcoin this year and many have sold Bitcoin. Anyway, who has a balance at the end of the year?

Never tell anyone the amount of bitcoin you have accumulated so far, tell me do you go through your life telling people every single detail about your financial situation? If the answer is no then do not reveal this information in a public forum like this.

As there are many scammers and hackers that will try to steal those funds and make you their next victim, now some may believe that I am exaggerating with this but I do not think I am doing so as the danger of being scammed is very real.

Jody.Drummer

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Activity: 1708

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Quote from: minime0105 on December 30, 2022, 05:09:28 PM

Bitcoin caaused alot of lost to people this year, so i believe that whoever that sell make gain in Bitcoin this year are are the people who buy and sell immediately without delay of selling it, fir the people who buy and save or store for long time are the people whom i believe that experience big lost, because this year taje off many profit in the market, which long term investors experience from my understanding of cryptocurrency.

I personally am in the second group in this case because really looking at the current conditions instead of having to sell I prefer to hold on to the end because there really isn't any benefit for me if I sell it now especially with the Bearish conditions still passing because if I really only want to get 5-10 I think this percent is too little for such a valuable asset so it's better to hold on longer than to profit a little by risking not being able to get back in.

DoublerHunter

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Quote from: serjent05 on December 30, 2022, 05:30:10 PM

Quote from: CryptoHeadlineNews on December 30, 2022, 02:41:23 PM

Quote from: LDL on December 29, 2022, 03:57:28 AM

Bitcoin is about to end this year's journey through several hostile markets. Many have invested in Bitcoin this year and many have sold Bitcoin. Anyway, who has a balance at the end of the year? My balance is in this range (0.01-0.1) and there are 5438179 total addresses in this range. What number position is your wallet in?
Screenshot from: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

To be frankly speaking, i'm not too proud of my current Bitcoin balance right now, due to the fact that I have equally spent far beyond what I budgeted for the entire Christmas and New year celebration in just within this few days with friends and family members. And do you know the funniest thing? The year hasn't even end.
But moreover, its better to enjoy quality time with family and friends in good health of mind and body when you can, than spending it on a hospital bills.

Same here, aside from that I am more invested in altcoins taking chance to get a profit and buy more Bitcoin at the end. At the current bear market, I feel (probably I am wrong) that some altcoins will grow much more than Bitcoin growth so investing my Bitcoin to altcoin and selling my altcoin (when it peaks) to buy more Bitcoin is currently my strategy.

^ I hope too that you are in the right decision but which is not right for me.
Choosing potential altcoins is quite a very tricky part because if you don't know how to choose it, it could be you will follow hypes which is the reason you invested, not the real potential of the coins. Just stick to the BTC accumulation and hold it for a long period of time, if you trust this coin, there is no fear to hold for a long term and wait for the desired profit. However, I cannot blame you for that because that is decision, you must be careful on altcoins investment.

serjent05

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Quote from: CryptoHeadlineNews on December 30, 2022, 02:41:23 PM

Quote from: LDL on December 29, 2022, 03:57:28 AM

Bitcoin is about to end this year's journey through several hostile markets. Many have invested in Bitcoin this year and many have sold Bitcoin. Anyway, who has a balance at the end of the year? My balance is in this range (0.01-0.1) and there are 5438179 total addresses in this range. What number position is your wallet in?
Screenshot from: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

To be frankly speaking, i'm not too proud of my current Bitcoin balance right now, due to the fact that I have equally spent far beyond what I budgeted for the entire Christmas and New year celebration in just within this few days with friends and family members. And do you know the funniest thing? The year hasn't even end.
But moreover, its better to enjoy quality time with family and friends in good health of mind and body when you can, than spending it on a hospital bills.

Same here, aside from that I am more invested in altcoins taking chance to get a profit and buy more Bitcoin at the end. At the current bear market, I feel (probably I am wrong) that some altcoins will grow much more than Bitcoin growth so investing my Bitcoin to altcoin and selling my altcoin (when it peaks) to buy more Bitcoin is currently my strategy.

minime0105

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Activity: 1246

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Bitcoin caaused alot of lost to people this year, so i believe that whoever that sell make gain in Bitcoin this year are are the people who buy and sell immediately without delay of selling it, fir the people who buy and save or store for long time are the people whom i believe that experience big lost, because this year taje off many profit in the market, which long term investors experience from my understanding of cryptocurrency.

Merit.s

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Lohamor Family

OP,you are risking your coins in an exchange,if you can't buy a trezor hardware wallet,you can use electrum for the main time instead of keeping it in a centralized system, this is not the purpose of the creation of btc,it is designed for decentralization. I don't have much btc in my wallet but the little I have,I appreciate it and hope to buy more btc by January ending. Binance can also crash someday and so many victims will gnash their teeth,a word is enough for the wise.

CryptoHeadlineNews

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Quote from: LDL on December 29, 2022, 03:57:28 AM

Bitcoin is about to end this year's journey through several hostile markets. Many have invested in Bitcoin this year and many have sold Bitcoin. Anyway, who has a balance at the end of the year? My balance is in this range (0.01-0.1) and there are 5438179 total addresses in this range. What number position is your wallet in?
Screenshot from: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

To be frankly speaking, i'm not too proud of my current Bitcoin balance right now, due to the fact that I have equally spent far beyond what I budgeted for the entire Christmas and New year celebration in just within this few days with friends and family members. And do you know the funniest thing? The year hasn't even end.
But moreover, its better to enjoy quality time with family and friends in good health of mind and body when you can, than spending it on a hospital bills.

suzanne5223

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Quote from: buwaytress on December 30, 2022, 05:41:21 AM

Quote from: Kryptowerk on December 29, 2022, 09:21:41 AM

Anyone with slitghly higher balances than 0.01 should probably restrain themselves from publicly disclosing anything about it.

What stands out to me, looking at these statistics is the fact that 85% of all value stored in Bitcoin is distributed among only 0.5% of addresses / owners.
That's an extreme imbalance of wealth. Nothing new or suprising but I think it's worth pointing out.

Really, anyone who has $170 worth of money shouldn't disclose so? You can tell a person's minimum salary from their country. But yeah I get your point of course, just don't discuss anything of value unless necessary, of course. You don't flash your wealth unless you don't mind being a target. Doesn't apply just to Bitcoin.

It's an imbalance, the distribution, but that's only natural. Worth noting it's the most distributed wealth among crypto of value.

When I first saw this topic the first time that come to my mind is why would anyone even tell the world the amount of Bitcoin he/she is holding which will literally make the person a target of dust attack by the hacker when the topic of not disclosing cryptocurrency holding was discussed on this forum and an example of crypto holder that exposes their portfolio and later become a victim of physical and online attacked was also provided.
People need to be more careful because this is crypto winter and theft are looking for every means possible to steal before the bullish market.

Queentoshi

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Quote from: LDL on December 29, 2022, 03:57:28 AM

What number position is your wallet in?

I cannot discuss my exact balance here, I do not see it as wise is a safe thing to do even though I don't have much bitcoins yet, but one thing that is sure about my balance is that it not where I want and wish it to be yet, But I am happy about this year that I survived and even with the bear market have not lost the courage to keep increasing the bitcoins I hold, to even holding the ones I already have. I have set a target for myself to do better than I have this year, from the beginning of next year my efforts to getting more bitcoins will be more conscious.

BlackHatCoiner

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Farewell, Leo

Quote from: Yatsan on December 30, 2022, 12:23:02 PM

Well, binance is a good exchanger

Yep. Every exchange is a good one before it gets hacked or bankrupt.

Quote from: Yatsan on December 30, 2022, 12:23:02 PM

what happened won't make it certain of the same outcome as what happened recently

I'm pretty sure it's going to either get hacked or bankrupt at some point in the future.

Quote from: Yatsan on December 30, 2022, 12:23:02 PM

We are all free to use reputable exchangers as long as they function as one of their kind.

We are all free to do whatever we want with our stash, but that doesn't mean it's fully responsible and not plain stupid. Leaving your coins to exchanges is irresponsible the least. History speaks for itself.

Topic: Where is your bitcoin balance at the end of the year? (Read 539 times)