Topic: Who has more than 50 BTC? - page 2. (Read 2710 times)

Wow, 50?? I wish. Must have been an early adopter guy?
Ok so I have 7 in cold storage and about 1.5 to mess around with mainly on poker

Therefor I am NOT rich... which really does suck

You have a more than decent stash of coins.

Makes me on the other hand wonder how you store your coins.

Hope you don't leave the majority of your coins on an exchange.

At first I have to say, I don't have a rich family. I got nothing from my parents to invest.

I had earned some few hundred bucks, made some deals over here and over there and increased my value. Then through a nice coincidence my money turned to my 50 BTCs when the price was around 100$ per Coin. I had seen the price going to 1000$ then and was thinking about what I will do with the money, but then it crashed and I did'nt cashed out.

So I started with nothing, and I have nothing else beside my BTCs. But I will hold. And I will NOT cash out some BTCs to put it in somewhere else. Would it be 500 BTCs, it would be smart. But 50 BTCs is just 15k at this point and with 15k you do no good "normal investment". And I think "normal investment", and keeping my money in € or $ at this moment is also very risky. So I will keep all my BTCs and will have anything or nothing. I started with nothing and BTCs give me the opportunity to live in my own appartment without having to work in my age. I never ever worked for someone else in my life, and now holding over 50 BTCs.
Now I will do some job to pay my rent and my food, so I can keep all my BTCs and don't have to cash them out for living. I am sure they will rise in value again in the next 12-18 months. If not, I deserved to lose everything


And I am kind of happy to hear that I have more BTC than some older people here. I know that is rough, but I never ever want to work for someone else because I have to. I want my BTCs increasing in value so I can buy a house in the Carribean. I want to grow my own food there so I am totally independent and living in the sun.
I think I need a BTC price of about 4000$ for that and I really hope that it will be like this. If not, damn, I will be the average Joe. All or nothing.

50btc is quite a bit. most people have less than 1btc or even less than 0.5btc.
if you can hold that many coins without needing the funds in the comming years then hold as long as possible.

So you came here to blow your own horn OP? If you're an early investor, great. If you're just a rich kid, who got cash from his parents and decided to buy coins, shame on you.
Yes you're rich, I know you needed that

50 bitcoins isn't worth that much really.

$15,000? People often waste that much on frivolous luxuries like jewelry, automobiles and cruises.

At least with Bitcoin, you have the chance to make some big money, given enough time.

i think what you ask, depends on 2 things. first is about what you think will happen to the price thus your investment. this depends on when and at what price you bought your coins. if it goes higher then it was a good investment otherwise you lost your money.
secondly you have to keep in mind the most important thing in investment. never invest what you cant afford to lose.

And multiples of those addresses will belong to one person. Satoshi's blocks of 50 all went to separate addresses. I guess the same'll go for most early miners.  


And we never will. Lots will be companies so that reduces the individual holder list even more.

Buy we have no idea how many people hold those 23k addresses do we?

From gbianchi's last post (he makes these regularly):

---------------------------------------------------------------------------------------------------------------------------------------------------
block#  346488  06/03/2015               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 62633417   0.00%   0.00%  93.5626%             125855         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          424786  36.84%   8.43%   0.6346%   9.86%         15         0.00425  36.84%   8.43%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )    1802268  75.19%  14.96%   2.6923%  41.82%       2132       418.44983  69.64%   4.39%   0.0030%         0.34730
> 0.001 BTC <= 0.1 BTC               1374072  68.02%   4.87%   2.0526%  31.89%      -3121     28932.13841  71.18%   7.27%   0.2080%       -90.78105
> 0.1 BTC <= 1 BTC                    393208  69.18%   5.30%   0.5874%   9.12%       -108    171729.77427  73.57%   7.08%   1.2346%         7.73250
> 1 BTC <= 5 BTC                      156615  68.06%   5.38%   0.2340%   3.63%        244    376669.06388  69.36%   5.75%   2.7080%       280.70164
> 5 BTC <= 10 BTC                      45309  70.22%   5.16%   0.0677%   1.05%        106    347625.01943  72.04%   5.23%   2.4992%       825.00472
> 10 BTC <= 25 BTC                     35885  68.78%   5.43%   0.0536%   0.83%         19    588449.97580  70.05%   5.65%   4.2306%        -2.61582
> 25 BTC <= 50 BTC                     52567  90.82%  69.66%   0.0785%   1.22%         -7   2412077.44158  92.88%  75.44%  17.3412%      -602.56042
> 50 BTC <= 75 BTC                      5551  68.15%  12.23%   0.0083%   0.13%         18    331829.18959  67.82%  11.08%   2.3856%      1162.22146
> 75 BTC <= 100 BTC                     7461  83.77%   5.31%   0.0111%   0.17%         -4    708187.78653  84.72%   5.32%   5.0914%      -358.06960
> 100 BTC <= 500 BTC                    8551  67.20%   3.67%   0.0128%   0.20%         34   1815418.40323  67.65%   2.76%  13.0516%     10706.88586
> 500 btc <= 1000 BTC                   1609  75.82%   0.00%   0.0024%   0.04%         -5   1120607.34554  75.88%   0.00%   8.0564%     -3944.97798
> 1000 BTC                              1476  74.53%   0.00%   0.0022%   0.03%         -3   6007584.24205  68.60%   0.00%  43.1904%     -4283.87542
                  Total Actives      4309358  68.39%  10.30%   6.4374% 100.00%       -680  13909528.83410  74.31%  14.61% 100.0000%      3700.01320
                  Total             66942775   4.40%   0.66% 100.0000%             125175  13909528.83410  74.31%  14.61% 100.0000%      3700.01320

                  Transactions      61630417                                        93869


num      : number of addresses in this range of balance
%noOut   : percentage of active addresses WITHOUT out operations
%dead    : percentage of active addresses with input and output operations prior to 2012
%of tot  : percentage of the TOTAL number addresses
%of act  : percentage of the number of addresses with balance > 0 (active)
diff prev: number variation compared to the previous table
%noOut   : % value transactions WITHOUT output ( % value of range)
%vdead   : % operations value prev 2012 ( % value of range))
%TotVal  : % value of this range compared to the total value
diff prev: change in value compared to the previous table

donations : 17ykWbCHG6eMfLt42zCJVw5bZE1YxRMihL

So, there's about 23K addresses with > 50 BTC. You're in rare company.

BTC50 is a lot!  how much did you invest? did you buy when price was much lower?

Make sure not to put all your investment eggs into one basket. That means try to diversify your portfolio and put only the amount you consider reasonable, or acceptable for your risk profile, into a high risk asset such as Bitcoin. Having said all that if your entry price is below $200 you have pretty good chances of not risking much with risk reward ratio being to your favour.

Most people here dont even own 1. Look at the number of registered users.. there's no way, statistically, that a good % of these even own 1 BTC.

And how do you have 50 BTC at age 20? You must come from a rich family.

I am a go big or go home person. I don't really care about losing a vacation, or having to buy an used car instead of a new one, or renting a marginally better place for 2x the price (or buying a marginally better home for another 100k or more). That's no big deal, I can live happily with or without those.

But financial freedom is priceless. Bitcoin gives a chance at that (and not an insignificant chance, like the lottery), and I'm more than happy to take the chance.

How much did apple stock increase from 2000 to 2010? How much did google stock increase from IPO to 2014? If these companies, which already had billions in market cap could increase that much, why can't bitcoin, which is a currency, a store of value, a ground-breaking technology, a protocol for future companies to build on... it's so much more than just a company, so why can't bitcoin increase by 10s or perhaps 100s-fold? I think it's a clear possibility.

So people always say don't invest too much, etc, I really can't understand that kind of small thinking. What does an extra 10k/20k do for you? Well, if you're 65+, that's different. But I think most of us are under 40, and live in developed countries where you can save that amount in under a year, even if you don't have a very good job. Just get a cheaper car, cheaper vacation, or skip one, you can easily save enough for your ticket to financial freedom. And if you already have financial freedom, you probably wouldn't mind putting a few 10ks in bitcoin as kind of a venture investment.

So to answer your question, not yet. But I'm going to put everything I have (other than money set aside for food/shelter/emergency etc) into bitcoin once I get back to canada and then I can access my bank and fill in all that KYC BS.

It'll be everything I have, but I won't lose sleep over it. I probably won't even be all that upset if I lose it all. Not a big deal. I'm just not excited about a couple 10ks. Whether I have it or not, it's not live changing, or really, even life improving. Of course, if you don't believe in bitcoin, then just don't invest in it.

I believe that money has a certain synergy to it. 5 million dollars is worth more than 1 dollar 5 million times. With 5 million dollars, you can pretty much buy financial freedom in most places in the world. Perhaps it'll give you the opportunity to invest in and start a project you've always wanted to. So I think rather than a certain amount or % of money to invest in bitcoin, it's about investing an amount that doesn't have a significant synergy effect, i.e you can't do much more than you can without that money.

Depends what % of your wealth it represents.
I dont think its wise to have the bulk of it in BTC; or as they say "no more than you can afford to loose".
I also dont expect 50BTC to become a life changing amount, but Id love to be wrong .

As to satifisy your curiousity; I do own >50BTC, as I expect many or most posters that have been around for several years, but it doesnt represent more than a relatively small fraction of my net worth, at least at todays price. So I can afford to lose it all without losing sleep over it, especially since it all represents a net profit anyway.

If you are not losing any sleep over BTC dropping in value then I'd say you don't have too many coins at least. Observe your own emotions and if they become too strong and it stresses you out then you're probably overinvested. If on the other hand you don't feel any emotion at all you probably invested too little to be of significance. For some 2 BTC might be the optimal amount to have, while for others 100 or 1000 BTC is just the right amount. With 50 BTC I think you have more BTC than 95% of the members on this forum.

however many BTCs you own, is a good amount to have... 

The more you have, the better
Sorry, I won't tell anybody how many BTCs I have

Over 50 is very good going. There's no rhyme or reason for how many people have. I've noticed some very long standing members admitting to having a piddly amount, and there are probably lurkers with mountains of them.

Obviously no one has a clue what the truth is, but the anonymous polls on here show up a majority with way, way less than 1. The mythical $10,000 coin isn't going to change a lot of lives by the looks of things.

I personally think that Bitcoin is a risky proposition and thus you probably shouldn't have much more than 15% of your investment portfolio invested in Bitcoin.
50 bitcoins costs about $15k, so if you have more than $100k in savings/investments, then yes, I think 50 Bitcoins are very nice to have.

To be honest with you I would be happy to have that much free money around that I could happily sleep at night with $15k invested in Bitcoin, I am not there yet.