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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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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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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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.

stompix

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

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.

Because that's how everything works in reality and not in some socialist utopia some still dream about it even with crypto?
It's pretty simple, those who had thousands of dollars around with no other investment opportunities had a chance to buy tens of Bitcoins, and the poorest of the poor who can't even afford a smartphone will barely be able to count the satoshi they own in tens and hundred.

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!

Welsh

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Quote from: mk4 on December 30, 2022, 11:53:11 AM

Why is it worth pointing out if it's expected though. Not to mention that bitcoin wasn't specifically created to fix wealth inequality, but to just give more opportunities to people who seek it.

Right, wealth inequality is actually a very difficult problem to solve, and I'm not even sure if it's possible. We are humans, with different mindsets, and ideologies. Therefore, convincing the masses that everyone should be equal, would be rather difficult. As you rightly point out; Bitcoin was never going to solve it, and it certainly wasn't created to solve it. halvings help distribute the wealth; however ultimately those that can afford to mine, are already wealthy. We've already hit the point where you need some sort of skill or existing wealth to profit off the volatility that Bitcoin brings.

Yatsan

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Quote from: BlackHatCoiner on December 30, 2022, 12:09:15 PM

Get rid of that cancer exchange before 2023. Do self-custody, it isn't that hard. Are you seriously thinking it's more likely somebody steals your seed phrase than having Binance either bankrupt or hacked, considering that history is full of exchange bankrupts and hacks? If I were you, I'd sell all of it, get fiat in my bank account, delete Binance, and then buy the 0.1 BTC anonymously.

Well, binance is a good exchanger and what happened won't make it certain of the same outcome as what happened recently. But that's just right; an investor should be responsible of his/her funds and storing it to an exchanger is not a good thing to do. But that's just it; nothing more and nothing less. We are all free to use reputable exchangers as long as they function as one of their kind. No need for total abandonment I guess because that will just be a discriminative take, and those who are doing good will be as well taking the damage of other project's fault.

Going back with OP's question, I'am always saving my funds on my personall crypro wallet especially for long term purposes. I am also guilty of sometimes forgetting that I have funds in exchangers but I'd cope up with it afterwards.

Adbitco

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Talking about our balance is a private matter which I may not want to relate or disclose with anyone or possibly any of the reputable member would like to reveal to people about their balance. So i don't think this is very serious issues we should handle here rather people will flood this thread with spam post.
Move this thread to offtopic or i request admin for the locked of this thread as nothing meaningful to discuss over here.

BlackHatCoiner

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Farewell, Leo

Get rid of that cancer exchange before 2023. Do self-custody, it isn't that hard. Are you seriously thinking it's more likely somebody steals your seed phrase than having Binance either bankrupt or hacked, considering that history is full of exchange bankrupts and hacks? If I were you, I'd sell all of it, get fiat in my bank account, delete Binance, and then buy the 0.1 BTC anonymously.

mk4

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

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.

Why is it worth pointing out if it's expected though. Not to mention that bitcoin wasn't specifically created to fix wealth inequality, but to just give more opportunities to people who seek it.

Also, take note that a sizeable amount of people store funds on exchanges(Coinbase/Binance), so the stats isn't that accurate if you're looking at it as distribution per person than per wallet address.

pawanjain

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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

I don't think a wise bitcoiner would publicly announce the range of bitcoin balance he is holding.
It is a risk since you could be contacted by scammers or someone might track you.
So it is best not to make such threads at first place and secondly not to announce or disclose your holdings publicly.

Iranus

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Quote from: Jatiluhung on December 29, 2022, 09:29:09 AM

The balance I have is not much different from what you have OP. I'm still waiting for the lower price to accumulate back to fulfill it. However, many say that in 2023 there will likely be a mini bull. I don't know if that will actually happen or not. but I hope there will be at least one more reduction so that my purchase entry is fulfilled at the end of this year.

Maybe your prediction is correct, or everyone's prediction will be right, no one can predict bitcoin, instead of waiting, I think you can use DCA because waiting is not a wise solution. I predict like you, bitcoin will fall even further in 2023, but that is just a prediction, and there is no guarantee that will happen. That's why I always buy bitcoin whenever I have money, as long as bitcoin's price is still lower than the old ATH, I will be ready to buy without thinking too much. Bitcoin hasn't bottomed yet, but we can say we are near the bottom.

buwaytress

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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.

Rigon

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Quote from: Nrcewker on December 29, 2022, 04:32:47 AM

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

My balance (BTC)

I guess many of us won’t be comfortable enough to share their balance details here in the forum. I mean it’s completely a user’s choice and there’s decision. Moreover OP I can see that you have your balance in an exchange, probably Binance. So let me tell you my friend that this is not safe at all. You didn’t aware what happened with FTX ? So as long as you have your balance in an exchange, you don’t own it completely. So move the BTC in any hardware wallet or paper wallet.

OP gave you honest advice. The amount of money you have invested in Binance account is not safe at all. You put all your money in there using a hardware wallet as soon as possible. But you see FTX went bankrupt a few days ago. To avoid such losses you withdraw your money as soon as possible. Hope you understand all the advice.

_act_

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Quote from: tranthidung on December 29, 2022, 08:34:52 AM

Holding bitcoins through a single year might not be enough to have profit. It should be years.

What if I bought bitcoin 2020 at $5000 and sold it in 2021 for $50000? Is that not enough? It is good to hold the coin for a long time just like microstrategy CEO said, but if the price is well speculated, even 6 months can be enough to have profitable investment. I like people that can buy bitcoin and hold it for years, I like those people that can hold it for lifetime. If someone buy bitcoin at a high price, those kind of people can be adviced to hold it for years to be able to profit from it.

Diuyen Kim

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The balance is in my wallet, albeit very little. I didn't think about selling, or even buying some more. I look forward to next year.

salad daging

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Quote from: mk4 on December 29, 2022, 04:55:00 AM

Quote from: ?? on ??

It is very true that if I do not own the private key/passphrase of my wallet then the balance or assets are not considered mine. Unfortunately I have cryptocurrency stored on my Binance exchange and so far I have not used the hardware wallet. But I have made a personal decision to hold my dollars in hardware wallets for years to come.

Don't be lazy and just purchase a hardware wallet as soon as possible. Though the rumours of Binance being insolvent is very likely to be false, do you really want to risk all of your funds? I'm sorry but that's just dumb and lazy.

I would rather lose $69 dollars to buy a hardware wallet (Trezor Model One) than to lose $1800 which is not completely in our control, still the exchange has full control over our assets why OP is not worried about it, just a suggestion will make an asset saver for OPs.

Withdraw about $69 more buying a Trezor and keeping it there will be much safer.

https://trezor.io/trezor-model-one

Jatiluhung

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The balance I have is not much different from what you have OP. I'm still waiting for the lower price to accumulate back to fulfill it. However, many say that in 2023 there will likely be a mini bull. I don't know if that will actually happen or not. but I hope there will be at least one more reduction so that my purchase entry is fulfilled at the end of this year.

Kryptowerk

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Disobey.

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

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.

CryptoBuds

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Quote from: $crypto$ on December 29, 2022, 07:46:47 AM

Quote from: Beparanf on December 29, 2022, 05:22:58 AM

If I store all my Bitcoin on a single wallet then I currently have >0.1BTC in my total balance. I don't want to mention the exact amount for privacy purposes but I’m on 0.1-1BTC range so far after I purchased last Christmas from the bonus that I get on my salary.

I’m planning to add more after new year when I received my converted unused vacation and sick leave from my work. I hope Bitcoin will dip a little bit more below 15K level for me to have a solid buy next year.

True this is my privacy regarding the balance held but we still have enough to keep bitcoin continuously and maybe at the beginning of the year is the best way to buy bitcoin at a low price of $16.6k I believe it is still holding.

I also plan not to take a vacation this year except for just hanging out with my family, and with what I currently have, I think it will be right to continue to accumulate bitcoins gradually.
Same, I also deposit in several wallets but not the exact exchange.

This year, my economy is not too difficult, but I have actively cut back on spending, including my children's snacks, not all but part of it. This year we are facing a crisis, and more coincidentally, bear season is also happening. It can be said that this is a rare opportunity, and it will take a long time to repeat if we ignore it from now on, so I am actively focusing on this year, and next year will accumulate more bitcoins and some other assets.

I don't want to share my bitcoin holdings, but I haven't stopped yet and will continue to accumulate more in the new year.

hitsnorth

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I have 0.001-0.01 BTC too. I hope I'll get at least 0.1 this year, the price looks reasonable to do that.

tranthidung

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Holding bitcoins through a single year might not be enough to have profit. It should be years.

Hodlcamp ^[1] represents Bitcoin entry/ exit profitability and suggests to hold bitcoins about 5 years and 21 days.
Casebitcoin ^[2] shows a table for Bitcoin & Traditional Assets ROI (vs USD). It should be more than 3-years holding to have good profit.
Interesting with Bitcoin Price & ROI on this Date^[3] which shows that holding bitcoins more than 5 years will give you very good profit.

[1] https://hodl.camp/
[2] https://casebitcoin.com/charts
[3] https://casebitcoin.com/charts

indah rezqi

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No, I won't tell you how much I have. This is one of the privacy that every bitcoin holder should have, and this is also what I learned from bitcoin. I think all forum users have a balance in their wallet regardless of the amount, but they shouldn't tell anyone about the balance.

I just think people are starting must to really care about their financial privacy better. They should not tell anyone online or offline about their balance, it will help them protect themselves from various physical threats and also the risk of hacking. So you must be responsible for protecting your own financial privacy, it is very important for security.

$crypto$

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Quote from: Beparanf on December 29, 2022, 05:22:58 AM

If I store all my Bitcoin on a single wallet then I currently have >0.1BTC in my total balance. I don't want to mention the exact amount for privacy purposes but I’m on 0.1-1BTC range so far after I purchased last Christmas from the bonus that I get on my salary.

I’m planning to add more after new year when I received my converted unused vacation and sick leave from my work. I hope Bitcoin will dip a little bit more below 15K level for me to have a solid buy next year.

True this is my privacy regarding the balance held but we still have enough to keep bitcoin continuously and maybe at the beginning of the year is the best way to buy bitcoin at a low price of $16.6k I believe it is still holding.

I also plan not to take a vacation this year except for just hanging out with my family, and with what I currently have, I think it will be right to continue to accumulate bitcoins gradually.
Same, I also deposit in several wallets but not the exact exchange.

Beparanf

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If I store all my Bitcoin on a single wallet then I currently have >0.1BTC in my total balance. I don't want to mention the exact amount for privacy purposes but I’m on 0.1-1BTC range so far after I purchased last Christmas from the bonus that I get on my salary.

I’m planning to add more after new year when I received my converted unused vacation and sick leave from my work. I hope Bitcoin will dip a little bit more below 15K level for me to have a solid buy next year.

Edwardard

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Quote from: LDL on December 29, 2022, 04:53:24 AM

So I removed the screenshot of my balance for my personal security.

I can still see your balance's screenshot in the quoted posts below the original post. You might edit them too and other members (@Nrcewker , @Helena Yu) who quoted the image should remove it as well.

Quote from: illusioNiZt on December 29, 2022, 04:54:39 AM

Interesting, what is the source of that chart? does it include 100% BTC holders data? I am holding some BTC in a private wallet, will try to invest more throughout 2023.

You can find more on bitinfocharts.
Link: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Good luck for your future investments!

Quote from: michellee on December 29, 2022, 05:04:32 AM

Having 0.01-0.1 btc is good but it is not easy to hodl.

Its easy if you dont look at it daily Wink

sunsilk

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If the question is asking all about where our bitcoin has been kept, it's best to put it to wallets where you have completely control of the keys and you have it. As said, to a hardware wallet which that's where I'm also keeping mine.

But still, it's best to remain lowkey and to be secretive if this is the topic together with the question of how much bitcoin you've got.

This is where we're going to give importance about being anonymous for some important reasons and not too vocal about our bitcoin holdings.

NeuroticFish

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Quote from: illusioNiZt on December 29, 2022, 04:54:39 AM

Interesting, what is the source of that chart? does it include 100% BTC holders data? I am holding some BTC in a private wallet, will try to invest more throughout 2023.

The source is most probably https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
However, since bitcoin blockchain is public, anybody can make such a chart.

You seem even more confused than OP.
What you mean by "does it include 100% BTC holders data?" - I mean, do you think that bitcoin's blockchain cares (holds info) about any other assets?!
What you mean "I am holding some BTC in a private wallet"? Aren't all wallets private?! If it's a proper wallet, each address of yours will be counted in that list. If it's a custodial wallet, then it depends on many factors and, as I wrote in my first answer in this topic, in that case that's not your money anyway.

You should really read more, and you should focus on real info, not the exchange platforms' advertising.

Quote from: LDL on December 29, 2022, 04:53:24 AM

Anyway everyone here suggested me to use hardware wallet but unfortunately till now I am not able to use hardware wallet.

Just think like that. You buy a device at under 100$ and it can hold any amounts of coins safely. Plus it's very easy and straightforward to use.
(Of course, depending whether you want to also hold shitcoins on it or not, you may have to be careful on what you buy.) Make a list of questions, ask if needed, clear up your mind and get your coins into safety.

michellee

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I have a balance in my wallet but it's my secret Grin

I'm trying to be a hodler besides buying more bitcoins at the moment and also, I sometimes trade if the market is going well. And my balance is not just in my personal wallet but I have a balance in the exchange I use to trade and the profits in bitcoins I send to that personal wallet.

Having 0.01-0.1 btc is good but it is not easy to hodl. So you need to have a strong hand because we do not know when bitcoin will increase.

mk4

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Quote from: ?? on ??

It is very true that if I do not own the private key/passphrase of my wallet then the balance or assets are not considered mine. Unfortunately I have cryptocurrency stored on my Binance exchange and so far I have not used the hardware wallet. But I have made a personal decision to hold my dollars in hardware wallets for years to come.

Don't be lazy and just purchase a hardware wallet as soon as possible. Though the rumours of Binance being insolvent is very likely to be false, do you really want to risk all of your funds? I'm sorry but that's just dumb and lazy.

illusioNiZt

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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?

Interesting, what is the source of that chart? does it include 100% BTC holders data? I am holding some BTC in a private wallet, will try to invest more throughout 2023.

LDL

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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?

In fact as advised by many wise forum members here it is better not to present personal property. So I removed the screenshot of my balance for my personal security. Anyway everyone here suggested me to use hardware wallet but unfortunately till now I am not able to use hardware wallet. All of your suggestions will guide me to tread more carefully in the days ahead. Thanks everyone.

Plaguedeath

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Although I don't hold a lot money, but I'm not fan of publish my money to let everyone know because it's privacy, I also think there's no point for me to show it because there's no benefit and I will just have a problem with it. You wouldn't know if your friend might envy with your money and then want to rob your money, even it's your best friends. This kind happen isn't new thing anymore where someone is start to begging when they know the person is rich.

Tony116

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Are you a trader, or are you a holder? After all that happens with CEX, you should consider the risks of storing your assets on CEX. I know Binance is safe so far, but with so many Fuds surrounding Binance, we should also be more careful. Although 0.1 bitcoins may not seem like a lot of money right now, if you hold them for the future, they can become huge.
By the way, I don't like showing my bitcoin balance for some reason, but I'm sure my bitcoins are safe in my wallet now, and I'm still continuing DCA instead of selling it.

Nrcewker

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

My balance (BTC)

I guess many of us won’t be comfortable enough to share their balance details here in the forum. I mean it’s completely a user’s choice and there’s decision. Moreover OP I can see that you have your balance in an exchange, probably Binance. So let me tell you my friend that this is not safe at all. You didn’t aware what happened with FTX ? So as long as you have your balance in an exchange, you don’t own it completely. So move the BTC in any hardware wallet or paper wallet.

Helena Yu

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Quote from: mk4 on December 29, 2022, 04:16:44 AM

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

My balance (BTC)

Just a heads up: potentially risking yourself due to exposing your holdings aside — if you don't actively trade your bitcoin, it'd probably be the best idea to withdraw your funds to a reputable hardware wallet(Ledger/Trezor).

https://cryptosec.info/exchange-hacks

No need to remind @OP to transfer his coins to hardware wallet, he was recommend it to anyone in the last month, but he's the one who not hold it on hardware wallet lol. So we can assume @OP is have 2 mentalities here Roll Eyes

Quote from: LDL on November 25, 2022, 11:36:16 AM

Quote from: Cruxleo on November 24, 2022, 04:39:34 AM

1. How can I keep my Bitcoin safe?

Day by day people are losing faith in the exchange after the FTX Centralized Exchange was hacked. Now people don't want to store their cryptocurrency on centralized exchanges. So they want to choose trusted wallets as an alternative to centralized exchanges. A trusted wallet usually refers to a hardware or cold wallet. Because the private key of the hardware or cold wallet is usually controlled by the user. So there is no possibility of hacking.

Some hardware & Cold wallets...

Ledger Nano S
Trezor M1
Safepal S1
Steel Bitcoin wallet
Trezor Model T for Next Generation
Secux W20
SecuxV20
D'CENT Biometric wallet

Ellipal titan Bundle
Ellipal titan mini
Coolwallet pro
Atomic Wallet
KeepKey
Armory offline bitcoin wallet
Bitbox

NeuroticFish

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

1.
I agree with Edwardard. You seem to be misled. You say you're counting your balance, but you show the proof that the money you're counting is in others' pocket (in this case, Binance's).
That's technically not your money. That's money Binance has promised they will give back to you if you will withdraw. But you know, promises can be broken...

Most of my balance is in my own wallet. I won't lie, I have some at a centralized platform, but the amount is much smaller than yours.

2.
The chart means almost nothing in the context you've written, since a wallet can have more addresses and your chart is about addresses and not wallets.

3.
You should learn that it can be dangerous to tell publicly how much bitcoins you own. Internet is not forgetting and if bitcoin price jumps to $1M soon enough you may end up with bad people looking for you to get your coins that would then worth already $100k...

mk4

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

My balance (BTC)

*removed*

Just a heads up: potentially risking yourself due to exposing your holdings aside — if you don't actively trade your bitcoin, it'd probably be the best idea to withdraw your funds to a reputable hardware wallet(Ledger/Trezor).

https://cryptosec.info/exchange-hacks

EDIT: screenshot removed for privacy reasons

Edwardard

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

Anyway, who has a balance at the end of the year?

Almost everyone in this forum got a balance Tongue

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

My balance is in this range (0.01-0.1)

That doesn't count as "your" balance since the screenshot you provided looks like from an exchange (probably binance) and hence, you dont hold the keys so they are not "completely yours" yet.

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

and there are 5438179 total addresses in this range.

Even more. Just like your BTC being in binance doesnt count, there are a lot more ppl like you holding their btc in exchanges. So the number above is not fairly accurate.

LDL

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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

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