[WHO] owns most bitcoin. | Bitcointalksearch.org

btcluisdiki

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Quote from: zarados on March 14, 2018, 02:14:58 AM

Quote from: Nerman on March 13, 2018, 10:41:49 PM

Not all people are willing to trade and not all people have skills to trade. As simple as that.

It is just like FIAT. Money around the world is around 1 Quadrillion and how much are being traded in Stock Market worldwide about $90 Trillion.

Most likely Bitcoin that is not being traded is just stored in their wallet.

well, if this is true, that means the bitcoin can be manipulated by those who store it in large numbers and we cannot know who they are. Let's say satoshi nakamoto, he could be truly have a 1 million BTC and its not impossible at any time they sell all the bitcoin they have and 'booom', bitcoin prices will be back in the $1000 lift or worse than that.

I would have to agree on the above statements where bitcoin in large scale were perhaps being kept by the big investors waiting for the biggest pump to happen. And when that time comes, definitely stored bitcoin will be out on the cage where it was kept for good. Circulating btc's could not be the actual btc's that are circulating in the market because of the large btc safe keeping. This is just my opinion.

zarados

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Quote from: Nerman on March 13, 2018, 10:41:49 PM

Not all people are willing to trade and not all people have skills to trade. As simple as that.

It is just like FIAT. Money around the world is around 1 Quadrillion and how much are being traded in Stock Market worldwide about $90 Trillion.

Most likely Bitcoin that is not being traded is just stored in their wallet.

well, if this is true, that means the bitcoin can be manipulated by those who store it in large numbers and we cannot know who they are. Let's say Satoshi Nakamoto, he could truly have a 1 million BTC and it's not impossible at any time they sell all the bitcoin they have and 'booom', bitcoin prices will be back in the $1000 lift or worse than that.

suzane18

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Its just a portion of total supply of Bitcoin which is available in the market and also people either store them in various hardware wallets or Blockchain

inanilujimi

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that's the fact that there is currently very little bit of bitcoin in the exchange.
whales can not possibly keep their bitcoin in the exchange and I think that's a natural thing.

batang_bitcoin

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Have you seen this list?

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Nerman

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Not all people are willing to trade and not all people have skills to trade. As simple as that.

It is just like FIAT. Money around the world is around 1 Quadrillion and how much are being traded in Stock Market worldwide about $90 Trillion.

Most likely Bitcoin that is not being traded is just stored in their wallet.

Rahman11

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Activity: 1428

Merit: 250

Quote from: zarados on March 13, 2018, 09:29:47 PM

Based on data generated from bitcoinity.org that in the last 30 days the number of bitcoins circulating on some major exchange is:

exchange volume BTC
bitfinex 1.618.839
GDAX 646.405
Bitstamp 482.180
HitBtc 175.271
Kraken 297,284
Gemini 199,529 ---> Sum of BTC traded
Bit-x 60.462
exmo 20,460
itbit 86,200
cex.io 59,000
Others 24.100
----------------------------------
TOTAL 3.669.730

If averaged every day there are only about 150,000 bitcoin traded. This proves that the total of 16,917,838 bitcoins that have been circulating, only about
21.6% traded every month. If the total missing bitcoin is about 5%, where is the remaining 73.4%? who owns it the most? I assume that the rest is in the hands of the miners and hodlers and it denotes the percentage of people who store bitcoin is larger than the person who traded it. We are not alone.

Absolutely yes! large amount of bitcoin hold by some of whales and I guess they are waiting for large profit from future trading.

CryptoBry

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I happen to read somewhere online that an estimated 60%+ of all Bitcoin available have not been touched or have not moved for the past many years. And this leaves around just 30%+ of all Bitcoin available can be considered active and not all of these are in exchanges. We now see that Bitcoin has a limited supply and only a limited of the supply are moving from one hands to another on regular basis.

Newboybb

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Most bitcoin should be kept in a cold wallet, since large bitcoin assets may attract the attention of hackers.
In the past, bitcoin was so cheap that a significant portion of it might have been lost.

CongHoan

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mining man own

Theo222

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Quote from: MrCrank on March 13, 2018, 09:57:26 PM

Quote from: zarados on March 13, 2018, 09:29:47 PM

Based on data generated from bitcoinity.org that in the last 30 days the number of bitcoins circulating on some major exchange is:

exchange volume BTC
bitfinex 1.618.839
GDAX 646.405
Bitstamp 482.180
HitBtc 175.271
Kraken 297,284
Gemini 199,529 ---> Sum of BTC traded
Bit-x 60.462
exmo 20,460
itbit 86,200
cex.io 59,000
Others 24.100
----------------------------------
TOTAL 3.669.730

If averaged every day there are only about 150,000 bitcoin traded. This proves that the total of 16,917,838 bitcoins that have been circulating, only about
21.6% traded every month. If the total missing bitcoin is about 5%, where is the remaining 73.4%? who owns it the most? I assume that the rest is in the hands of the miners and hodlers and it denotes the percentage of people who store bitcoin is larger than the person who traded it. We are not alone.

My opinion that people store large sum on cold wallets.. and don't use exchange for storage.
Reason is safety.

The large number of bitcoin maybe the big whales that waiting for the big peak price of bitcoin. And mr satoshi nakamoto has a large ammount of bitcoin. You can also add poloniex and bittrex exchanger they also got high ammount of bitcoin.

MrCrank

sr. member

Activity: 1330

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Quote from: zarados on March 13, 2018, 09:29:47 PM

Based on data generated from bitcoinity.org that in the last 30 days the number of bitcoins circulating on some major exchange is:

exchange volume BTC
bitfinex 1.618.839
GDAX 646.405
Bitstamp 482.180
HitBtc 175.271
Kraken 297,284
Gemini 199,529 ---> Sum of BTC traded
Bit-x 60.462
exmo 20,460
itbit 86,200
cex.io 59,000
Others 24.100
----------------------------------
TOTAL 3.669.730

If averaged every day there are only about 150,000 bitcoin traded. This proves that the total of 16,917,838 bitcoins that have been circulating, only about
21.6% traded every month. If the total missing bitcoin is about 5%, where is the remaining 73.4%? who owns it the most? I assume that the rest is in the hands of the miners and hodlers and it denotes the percentage of people who store bitcoin is larger than the person who traded it. We are not alone.

My opinion that people store large sum on cold wallets.. and don't use exchange for storage.
Reason is safety.

zarados

full member

Activity: 364

Merit: 130

Based on data generated from bitcoinity.org that in the last 30 days the number of bitcoins circulating on some major exchange is:

exchange volume BTC
bitfinex 1.618.839
GDAX 646.405
Bitstamp 482.180
HitBtc 175.271
Kraken 297,284
Gemini 199,529 ---> Sum of BTC traded
Bit-x 60.462
exmo 20,460
itbit 86,200
cex.io 59,000
Others 24.100
----------------------------------
TOTAL 3.669.730

If averaged every day there are only about 150,000 bitcoin traded. This proves that the total of 16,917,838 bitcoins that have been circulating, only about
21.6% traded every month. If the total missing bitcoin is about 5%, where is the remaining 73.4%? who owns it the most? I assume that the rest is in the hands of the miners and hodlers and it denotes the percentage of people who store bitcoin is larger than the person who traded it. We are not alone.

Topic: [WHO] owns most bitcoin. (Read 186 times)