CryptoCoinsInfoClub.com

Bitcoin Distribution Chart

Cryptocurrency Concentration - Just 4% Own Over 95% Of Bitcoin

Cryptocurrency Concentration - Just 4% Own Over 95% Of Bitcoin

Cryptocurrency Concentration - Just 4% Own Over 95% Of Bitcoin Bitcoin has been making a lot of news lately. The cryptocurrency shot up in value by over 200% in 2017, making many people fear that the market is in a bubble . Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currencys long-term viability. But HowMuch.net asks , how many people own bitcoin, and how is the currency distributed around the world? Check out our new visualization. Our graph represents the entire bitcoin market, which has a value of around $60 billion . For comparison, thats bigger than several well-known companies, like Fed-Ex and General Motors . We then divided the value of the bitcoin market by address. As you can see,over 95% of all bitcoins in circulation are owned by about 4% of the market. In fact,1% of the addresses control half the entire market. There are a couple limitations in our data. Most importantly, each address can represent more than one individual person. An obvious example would be a bitcoin exchange or wallet, which hold the currency for a lot of different people.Another limitation has to do with anonymity. If you want to remain completely anonymous, you can use something called CoinJoin, a process that allows users to group similar transactions together. This makes it seem like two people are using the same address, when in reality they are not. So its a complex situation. butlets try to break bitcoin down as simple as possible. Bitcoin is justa type of money, like dollars and euros. The main difference is that there isnt a sovereign government backing the currency, and it instead lives online.This is possible thanks to something called the blockchain. Banks and companies must keep detailed records of wher Continue reading >>

Controlled Supply - Bitcoin Wiki

Controlled Supply - Bitcoin Wiki

A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money. [1] Fr. Bernard W. Dempsey, S.J. (1903-1960) In a centralized economy, currency is issued by a central bank at a rate that is supposed to match the growth of the amount of goods that are exchanged so that these goods can be traded with stable prices. The monetary base is controlled by a central bank. In the United States, the Fed increases the monetary base by issuing currency, increasing the amount banks have on reserve or by a process called Quantitative Easing . In a fully decentralized monetary system, there is no central authority that regulates the monetary base. Instead, currency is created by the nodes of a peer-to-peer network. The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules will be rejected by the network and thus is worthless. Bitcoins are created each time a user discovers a new block .The rate of block creation is adjusted every 2016 blocks to aim for a constant two week adjustment period (equivalent to 6 per hour.) The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, or approximately four years. The result is that the number of bitcoins in existence is not expected to exceed 21 million. [2] Speculated justifications for the unintuitive value "21 million" are that it matches a 4-year reward halving schedule; or the ultimate total number of Satoshis that will be mined is close to the maximum capacity of a 64-bit floating point number. Satoshi has never really justified or explained many of these constan Continue reading >>

Fiatleak - Watch The World's Currencies Flow Into Bitcoin In Realtime

Fiatleak - Watch The World's Currencies Flow Into Bitcoin In Realtime

- watch the world's currencies flow into bitcoin in realtime - Reserve your free user name, get free bitcoins on signup! - Share Images, Earn Bitcoin at File.Army Each trade results in a bitcoin being sent from the currency counter in red to the country on the map. The current value in bitcoin is listed in green and plotted across the map. The last exchange rate for each currency is listed in @purple and updated for each trade. Continue reading >>

Faq - Bitcoin

Faq - Bitcoin

Find answers to recurring questions and myths about Bitcoin. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin. Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper. Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the s Continue reading >>

Bitcoin Mayer Multiple - We Study Billionaires

Bitcoin Mayer Multiple - We Study Billionaires

Below is a distribution chart of the multiple of the bitcoin price over the 200-day moving average. If a person decides to allocate a small portion of their portfolio to Bitcoin, this tool is intended to help people understand their emotions and corresponding probabilities of various price multiples (from a historical context). The charts and following information is not telling you to buy or sell Bitcoin.Bitcoin is insanely volatile. The charts do not suggest future results will be the sameas the past. Please note, some suggest the long-term value of Bitcoin is high (in excess of $100,000 per Bitcoin), but there are also others that say Bitcoin is a mania and will be deeply regulated by the government ifit is allowed to get too large. Either way, this page issimply a study to understand the probabilities of price multiples and what is normal and abnormal levels (from a historical context). LAST UPDATE: 5 February 2018 (4:00 PM EST) The average Mayer Multiple is 1.47for the history of Bitcoin. The multiple on 5 February 2018 is 1.00X. A higher multiple has historically happened 75% of the time. A price less than $16461 would put the Mayer Multiple below 2.4X on 5 February 2018. A price of $10145 would put the price on the average multiple of 1.47X. The BTC price when this calculation was last conducted was $7000 USD. The Mayer Multiple Since the Inception ofBitcoin Please note: Bitcoin is not normally distributed. As a result, a typical Standard Deviation model is not accurate when talking about probabilities. With that said, this is the only model we can use to try and characterize normal and abnormal behavior. If you dont like the use of this model, contact your college statistics teacher and he can help you invest in only absolute scenarios. Regardless of our distas Continue reading >>

The 65 Percent Price Dip Has Made Bitcoin Whales A Lot More Btc

The 65 Percent Price Dip Has Made Bitcoin Whales A Lot More Btc

The 65 Percent Price Dip Has Made Bitcoin Whales A lot More BTC Last year bitcoin had a phenomenal run leading up to its all-time high of $19,600 per BTC this past mid-December. The price over the past few weeks had since dipped to a low of $5,900 on Monday, February 5, losing close to 65 percent of its value in a short period. The dip has rekt a lot of cryptocurrency traders but the richest bitcoin holders have gained thousands more BTC taking full advantage of these significant price variances. Following Money Through the Bitcoin Laundry Is Not So Easy Bitcoin Whales Use Big Price Swings to Accumulate More Wealth Cryptocurrency enthusiasts understand that digital currencies often fluctuate in price and over the years many traders have been able to take advantage of these swings. Essentially if a trader can guess the top and sell their bitcoins, then follow that maneuver by buying back in at the bottom, that individual can gain a lot more coins. One particular group of BTC holders that have taken advantage of these swings time and time againare the top 100 richest bitcoin whales . The individuals or groups of people known as bitcoin whales hold vast quantities of cryptocurrency and they can sometimes use their assets to move the market. According to data collected from Bitinfocharts.com most of the 100 richest BTC addresses havent lost any money during the last 65 percent dip In fact, their stacks of BTC increased exponentially. The Richest Address Has Gained An Exponential Number of Bitcoins Since 2016 Take for instance the owner of the most substantial amount of bitcoins located in one address which currently holds 167,000 BTC at the time of writing. The wallet started collecting BTC approximately two years ago when the address recorded its first deposit of roughly Continue reading >>

The Bitcoin Whales: 1,000 People Who Own 40 Percent Of The Market

The Bitcoin Whales: 1,000 People Who Own 40 Percent Of The Market

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market A few massive investors can rock it with a shrug. Illustration: Patrik Mollwing for Bloomberg Businessweek On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. bitcoin are often known as whales. And theyre becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year. About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) Whats more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the m Continue reading >>

Making Noise: Bitcoin Price Looks Higher As Global Volumes Grow

Making Noise: Bitcoin Price Looks Higher As Global Volumes Grow

Making Noise: Bitcoin Price Looks Higher as Global Volumes Grow Oct 30, 2017 at 12:05 UTC|UpdatedOct 31, 2017 at 09:00 UTC Bitcoin'srally is showing no signs of abating. Prices surged to record levels on the CoinDesk Bitcoin Price Index ( BPI ) yesterday, with the world's largest cryptocurrency clocking a new all-time high of $6,306.58. With the push, bitcoin passed its previous high of $6,183 set on Oct. 21. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is $6,218. As for why the price is trending higher, it seems there was an absence of strong news drivers. However, trading volumes in the BTC/USD pair jumped 103 percent on Sunday - indicating that the rally, fueled by trading activity, looks sustainable. Volumes jumped to two-week highs on Sunday, and remain well below the Oct 13. high and the 2017 peak registered on Sept. 15. Further, it's worth noting that volumes appear to be coming from a variety of markets - a deeper look at the volume activity indicates the jump to record high has been fuelled by U.S. dollar, Korean won and Japanese yen trading. Bullish rising channel breakout (bitcoin price closed above the upper end/ceiling of the rising channel on Sunday). However, a move above 100 percent Fibonacci extension level of $6,196.81 was short lived. The first attempt to cut through the key Fib. level had failed on Oct. 21. The relative strength index (RSI) is close to overbought level, but it is still sufficiently away from the October highs. Bitcoin is up 500 percent on a year-to-date basis. Thus, there is always a possibility of a healthy technical correction. Only a break below the rising trend line (dotted blue line) would warrant caution. On the higher side, the psychological level of $6,500 could be put to test if the cryptocurrency spends t Continue reading >>

What's The Global Distribution Of Bitcoin?

What's The Global Distribution Of Bitcoin?

What's the global distribution of Bitcoin? Original question: What's the global distribution of Bitcoin? At this point, I dont know the geographical distribution of it, but here is a good table that shows Bitcoin distribution by addresses: As you can see, only two addresses store over 100,000 BTC each. Together, these addresses keep 1.65% of all the Bitcoins available today, which is the equivalent of $2.1 billion. On the bottom side, around 13 million addresses, or 57% of them (the majority), store up to 0.001 BTC. However, all this majority of available addresses keep only 0.01% of the total Bitcoins, which is a bit weird, right? Then, over 4.2 million addresses (which is about 18.7% of the total number of addresses today) hold 17 thousand BTC in total. Each of these has a balance up to 0.1 BTC. If we check the chart, we can see that 90% of all the addresses hold less than 0.7% of Bitcoin. The combined value of this overwhelming majority of addresses is around $950 million - so it doesnt even reach $1 billion. This shows that there is a great disproportion in Bitcoin distribution, and this is also true about Bitcoin mining - there is a visible monopoly. Anyway, it seems that those 2 wallets at the top are owned by crypto exchanges. Bitcoin distribution is more disproportionate that wealth distribution: Who Owns All the Bitcoins - An Infographic of Wealth Distribution - CryptoCoinsNews When it comes to Bitcoin distribution by country, its more difficult to assess it. Generally, we can speak in therms of Bitcoin trading volume, but it is a variable indicator. For example, China was the biggest players, but after it banned ICOs and local exchanges, the market moved to Japan, South Korea, and other countries. Continue reading >>

This Chart Reveals The Centralization Of Bitcoin Wealth

This Chart Reveals The Centralization Of Bitcoin Wealth

This Chart Reveals the Centralization of Bitcoin Wealth This Chart Reveals the Centralization of Bitcoin Wealth Bitcoin has been making a lot of news lately. The cryptocurrency shot up in value by over 200% in 2017, making many people fear that the market is in a bubble . Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currencys long-term viability. But how many people own bitcoin, and how is the currency distributed around the world? Check out our new visualization. Our graph represents the entire bitcoin market, which has a value of around $60 billion . For comparison, thats bigger than several well-known companies, like Fed-Ex and General Motors . We then divided the value of the bitcoin market by address. As you can see, over 95% of all bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market. There are a couple limitations in our data. Most importantly, each address can represent more than one individual person. An obvious example would be a bitcoin exchange or wallet, which hold the currency for a lot of different people.Another limitation has to do with anonymity. If you want to remain completely anonymous, you can use something called CoinJoin, a process that allows users to group similar transactions together. This makes it seem like two people are using the same address, when in reality they are not. So its a complex situation. butlets try to break bitcoin down as simple as possible. Bitcoin is justa type of money, like dollars and euros. The main difference is that there isnt a sovereign government backing the currency, and it instead lives online.This is possible thanks to something called the blockchain. Banks and companies mu Continue reading >>

365-day Charts - Bitnodes

365-day Charts - Bitnodes

Chart shows the distribution of reachable nodes across leading block heights. Series can be enabled or disabled from the legend to view the chart for specific groups of block heights. Index 0 denotes nodes with the consensus block height. Index 1 denotes nodes with 1 block behind the consensus block height. Consensus block height is determined based on the most common block height among the reachable nodes in the network. Chart shows propagation time in milliseconds for transactions during the last 365 days. Tx 50% denotes 50% of the inv messages for all transactions in the daily blocks were observed within the given time from the first 1000 nodes. Timestamp for an inv message is based on the time when the kernel first saw the packet containing the inv message. The aggregated data does not include inv messages that were observed 1 hour after the first inv message for the same transaction. Chart shows propagation time in milliseconds for blocks during the last 365 days. Block 50% denotes 50% of the inv messages for the daily blocks were observed within the given time from the first 1000 nodes. Timestamp for an inv message is based on the time when the kernel first saw the packet containing the inv message. The aggregated data does not include inv messages that were observed 1 hour after the first inv message for the same block. Be part of the Bitcoin network by running a Bitcoin full node, e.g. Bitcoin Core . Use this tool to check if your Bitcoin client is currently accepting incoming connections from other nodes. Start a Bitcoin full node on your Linux, Mac, BSD or Windows system to help validate and relay transactions across the Bitcoin network by running this command: Continue reading >>

Are You In The Bitcoin 1%? A New Model Of The Distribution Of Bitcoinwealth

Are You In The Bitcoin 1%? A New Model Of The Distribution Of Bitcoinwealth

Crypto Trader. Tweet about Bitcoin, Ethereum & Crypto at @BambouClub. Crypto Data Analysis at Blocklink.info Are you in the Bitcoin 1%? A New Model of the Distribution of BitcoinWealth TL DR: If you just want to see the results, they are at my data analysis site Blocklink.info [Please clap for this essay. I tweet about crypto trading at BambouClub ] Previous models of the distribution of Bitcoin wealth all depended on an analysis of Bitcoin wallets and Bitcoin addresses. That approach fails inevitably because of the unknowable relationship between people owning Bitcoin, Bitcoin wallets, and Bitcoin addresses. This is a description of a new model of the distribution of Bitcoin wealth built on the assumption that a universal Power Law applies, and that it mirrors the distribution of global financial wealth as reported in the Credit Suisse Global Wealth Report 2016. The Bitcoin distribution that results is tweaked manually to reflect the great mining rewards paid out in the early years to a few people, making it still less equitable than the highly inequitable financial wealth distribution. An estimate of the Bitcoin-owning population is derived from a survey of traffic to Bitcoin-related websites as reported by Alexa.com in comparison to traffic to sites of popular financial corporations that publish their user numbers. There are two parts to this essay a) why former models based on address analysis failed, and b) the new model. Scroll halfway down if you are uninterested in the first part. A. Models of Distribution of Bitcoin Wealth Analyse Wallets & Addresses Data AlwaysFail Previous models of the Distribution of Bitcoin Wealth have depended on an analysis of Bitcoin wallets and Bitcoin addresses. They have all been based on the Bitcoin Rich List . Top 100 Richest Bitc Continue reading >>

The Distribution Of Bitcoin Wealth [oc] : Dataisbeautiful

The Distribution Of Bitcoin Wealth [oc] : Dataisbeautiful

A place for visual representations of data: Graphs, charts, maps, etc. DataIsBeautiful is for visualizations that effectively convey information. Aesthetics are an important part of information visualization, but pretty pictures are not the aim of this subreddit. Directly link to the original source article of the visualization (not an image file) or tag the post as [OC] if you made the visualization. [OC] posts must state the data source and tool(s) used in a comment. Only tag a post as [OC] if you made it yourself . Requests and questions must include a visualization. More info . Post titles must describe the data plainly without using sensationalized headlines . Clickbait posts will be removed. Posts regarding American Politics , or contentious topics in American media, are only permissible on Thursdays ( ET ). Please read through our posting guidelines if you are new to posting on DataIsBeautiful. Comments should be constructive and related to the visual presented. Special attention is given to root-level comments. Short comments and low effort replies are automatically removed. Hate Speech and dogwhistling are not tolerated and will result in an immediate ban. Personal attacks and rabble-rousing will be removed. Moderators reserve discretion when issuing bans for inappropriate comments. Do you like contributing sharp-looking graphs? Are you an official practitioner or researcher? Read about what kind of flair is right for you! Data from Star Trek? Data ARE? How do I make one? Read the FAQ How do I make a good post? Read the guide If you want to post something related to data visualization but it doesn't fit the criteria above, consider posting to one of the following subreddits. Data_IRL : Feeling the need to be hilarious? Go here. Data. DataVizRequests : Request Continue reading >>

Global Bitcoin Nodes Distribution - Bitnodes

Global Bitcoin Nodes Distribution - Bitnodes

Top 10 countries with their respective number of reachable nodes are as follow. Be part of the Bitcoin network by running a Bitcoin full node, e.g. Bitcoin Core . Use this tool to check if your Bitcoin client is currently accepting incoming connections from other nodes. Start a Bitcoin full node on your Linux, Mac, BSD or Windows system to help validate and relay transactions across the Bitcoin network by running this command: 2017 Addy Yeow ( PGP ) 1GkuNNLyXaNy25owYxYTcuDvzCogvg8Srs Bitnodes is currently being developed to estimate the size of the Bitcoin network by finding all the reachable nodes in the network. The current methodology involves sending getaddr messages recursively to find all the reachable nodes in the network, starting from a set of seed nodes. Bitnodes uses Bitcoin protocol version 70001 (i.e. >= /Satoshi:0.8.x/), so nodes running an older protocol version will be skipped. The crawler implementation in Python is available from GitHub (ayeowch/bitnodes) and the crawler deployment is documented in Provisioning Bitcoin Network Crawler . The crawler maintained by Bitnodes connects from these IP addresses: 136.243.139.96, 136.243.139.120, 2a01:4f8:212:3b1f::2 Continue reading >>

Are You In The Bitcoin 1%? A New Model Of The Distribution Of Bitcoinwealth

Are You In The Bitcoin 1%? A New Model Of The Distribution Of Bitcoinwealth

Crypto Trader. Tweet about Bitcoin, Ethereum & Crypto at @BambouClub. Crypto Data Analysis at Blocklink.info Are you in the Bitcoin 1%? A New Model of the Distribution of BitcoinWealth TL DR: If you just want to see the results, they are at my data analysis site Blocklink.info [Please clap for this essay. I tweet about crypto trading at BambouClub ] #2 February 2018 Newsflash: Exchanges are closing doors to new Registrations One by one, the exchanges are closing the doors to new Registrations under the pressure of excessive demand. Bittrex, Cryptopia, CEX and Bitfinex are closed to new registrations. It is still possible to open accounts at Binance , Bitmex , CoinExchange , COSS , HitBTC , Altcoin . My advice is to register with these exchanges immediately, while they are still accepting new business: Binance : Number 1 exchange by trading volume HitBTC : Top-5 exchange with large volumes Altcoin : New decentralized exchange operating atomic swaps Bitfinex : Second largest global exchange. Previous models of the distribution of Bitcoin wealth all depended on an analysis of Bitcoin wallets and Bitcoin addresses. That approach fails inevitably because of the unknowable relationship between people owning Bitcoin, Bitcoin wallets, and Bitcoin addresses. This is a description of a new model of the distribution of Bitcoin wealth built on the assumption that a universal Power Law applies, and that it mirrors the distribution of global financial wealth as reported in the Credit Suisse Global Wealth Report 2016. The Bitcoin distribution that results is tweaked manually to reflect the great mining rewards paid out in the early years to a few people, making it still less equitable than the highly inequitable financial wealth distribution. An estimate of the Bitcoin-owning populat Continue reading >>

More in bitcoin