Bitcoin "Freefall"

Discussion in 'Crypto Assets' started by SunTrader, Dec 15, 2021.

  1. SunTrader

    SunTrader

     
    KCalhoun, VicBee, Overnight and 3 others like this.
  2. virtusa

    virtusa

    The only problem is that the people who are now in the part that looks bad, never were in the part that looked good. So what's the use to know that other people took the money and you missed it. Any normal being would feel bad now.
     
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  3. SunTrader

    SunTrader

    And you know this how?
     
    johnarb likes this.
  4. virtusa

    virtusa

    https://bitcoinist.com/how-many-people-actually-have-at-least-1-bitcoin/
    Only About 2% of Addresses Hold 1 Bitcoin or More

    So 98% of all bitcoin addresses did not take the ride up, because if they would have done that they would surely have more than 1 BTC today as BTC rose thousands of %.

    You could say that 1 holder can have more than 1 address. But what’s the use of having a lot of addresses with less than 1 BTC in each address? Makes no sense. So it is clear that even less than 2% might have taken the whole ride from close to zero till the actual price.


    https://bitcoinmagazine.com/culture/bitcoin-ownership-tripled-gallup-survey

    Three times more Americans are holding bitcoin than three years ago, a recent Gallup survey found.
    So 66% of all these people didn’t even had any crypto before 2018. These 66% did already not have the big profits from almost zero to the top.


    On Twitter the graph started at 2010.

    If you take the 5,000 biggest addresses, you see the following:
    · 0.88% of all wallets existed at that moment.
    · These 0.88% addresses represent 0.06% of all coins.
    · 99.12% of all wallets did NOT exist at that moment, so almost everybody missed the assumed big ride from 2010 till today.

    That’s how I know it.
    exwcel.jpg
     
    angrytrader likes this.
  5. SunTrader

    SunTrader

    I don't have a clue but I'm guessing 90% to high 90%'s hold fractional amounts of bitcoin.

    So if that is the case, surmising when they bought and when they sold is shear speculation on anyone's part.
     
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  6. virtusa

    virtusa

    98% of all addresses have LESS than 1 BTC. So 98% of the addresses will never be billionaire or even millionaire. There is a lot of fake information with the only target: pump and dump.


    Soon Baron will be in the top 2%. :wtf: :strong:
     
    Last edited: Dec 15, 2021
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  7. deaddog

    deaddog

    Aww!! Don't ruin the dream :)
     
    virtusa likes this.
  8. Specterx

    Specterx

    Almost by definition, not many people own an asset at the bottom while ownership is at its most widespread near the top.

    ARKK is another example of this. Sure, it was $20 four years ago and $120 a few weeks ago, but so much money has rushed in near the highs that the average NAV dollar is sitting on a minimal or negative unrealized return.
     
  9. SunTrader

    SunTrader

    Pump and dump, was that when it went from $100 to $1000 or $1000 to $10,000 or $10,000 to $60,000?

    Why is it only manipulation when the price goes down?
     
  10. virtusa

    virtusa

    #10     Dec 15, 2021