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Bitcoin Distribution Chart

The Bitcoin Wealth Distribution

The Bitcoin Wealth Distribution

The public structure of the Bitcoin blockchain allows us to view & analyze every transaction on the network. We can see exactly where every bitcoin was born, as mining rewards for solving for & placing valid new blocks into its blockchain, & exactly where every bitcoin has traveled, through potentially multiple addresses on its blockchain. By tracing every bitcoin through respective transactions over the life of its blockchain, we can come to glean to composition & distribution of all the currently mined bitcoin over all their current addresses. I came across a cool tool the other day ( bitcoinprivacy.net made by Jorge Martinez Pizarro & Stefan Richter) that allowed me to easily view a lot of this data, and wanted to share & visualize it with a few charts. Please note, the data displays bitcoin wealth distribution across addresses, not necessarily individual holders of bitcoin. The distinction & difficulty will be discussed & explored further after the address charts. To summarize in text, there are currently: For some additional details & information: Due to the nature of easy & anonymous address creation, and corporate account management inherent to Bitcoin & the companies in the ecosystem, estimating the actual number of unique bitcoin holders as opposed to addresses is unfortunately much more difficult & not something we can glean from observing its blockchain alone. Addresses can not only overstate user numbers when single people unknowingly control numerous addresses, but also understate user numbers when single addresses hold the funds of numerous unknown people, like an exchange who may control balances in a traditional database. Some relevant estimates & statements on customer, wallet, & holder numbers can be seen below for additional perspective on the compos 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 >>

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 >>

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 >>

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 >>

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 >>

Bitcoin Rich Wallets Distribution

Bitcoin Rich Wallets Distribution

You are at: Home Bitcoin Rich Wallets Distribution Fraction of all Bitcoins for top 100 addresses Fraction of all Bitcoins for top 100 wallets Fraction of all Bitcoins for top 500 addresses Fraction of all Bitcoins for top 500 wallets Fraction of all Bitcoins for top 1000 addresses Fraction of all Bitcoins for top 1000 wallets First I wish to state that, in my opinion, the data required to make good analysis of the demographics in Bitcoin is probably currently unattainable. Instead, I will rely on anecdotal evidence to try to give a good estimation of where its been and where it could go. Bitcoin Read More Bitcoin is becoming more of a fixture in mainstream media every day. However, I feel that everyone sees bitcoin as something different. Zealous Libertarians see it as a big middle finger to the government and the banking system, hackers see it as a new source of power to support Read More Money is anything widely accepted as a store of value. The idea of money exists in many forms such as currencies and commodities like dollars, yen, or gold. Since #Bitcoin is a widely-accepted currency, it too is money. Similarities to Historic Currencies A medium of exchange Currencies Read More One of the keys to allow sustainable growth of Bitcoin in the currency markets is the existence of strong channels for commerce. By this I mean the we need more merchants accepting BTC for their goods and services. Why would a merchant that has a solid business decide to begin Read More Bitcoin is used in a smorgasbord of ways now that its showed itself to be stable. With huge gains in 2017 alone, it only makes sense people want to receive bitcoin for goods and services. Here are some at the fore. Shopping Online More and more companies are adding Bitcoin Read More The largest issue I had w Continue reading >>

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 >>

How Low Can Bitcoin Go? Charts Hint $11k In Play

How Low Can Bitcoin Go? Charts Hint $11k In Play

How Low Can Bitcoin Go? Charts Hint $11k in Play Dec 20, 2017 at 12:25 UTC|UpdatedDec 21, 2017 at 09:00 UTC Bitcoin is increasingly looking topped-out as excitement fades over the recent launch of the first futures products to focus on the cryptocurrency. As perCoinDesk's Bitcoin Price Index , the cryptocurrency was last seen trading at $17,000, down from the record high of $19,783 set on Dec. 17. Overall, bitcoin has depreciated by 4 percent in the last 24 hours, according to data source CoinMarketCap , but it's perhaps the movement behind that figure that's most notable. Bitcoin's 24-hour trading volume has jumped above $19 billion - its highest since Dec. 8. The high volume sell-off indicates strong hands are at play and price weakness could extend over the coming weekend. Apparently driving the price drop is the rotation of money out of bitcoin (BTC) and into alternatives such as bitcoin cash (BCH) - as shown by the massive gains in the BCH/BTC pair in the run-up to Coinbase's decision to list the cryptocurrency on its exchange platform. The question now is, how low can bitcoin go? The price chart analysis indicates the sell-off could run out of steam around $11,000 levels. The above chart (price as per Coinbase) shows: Yesterday's weak close confirmed a hanging man bearish reversal pattern and bearish price RSI divergence. The sharp drop to $14,000 today strengthens the argument that a short-term top is in place at $19,891.99. Historical data shows that previous bouts of correction bottomed-out near 61.8% Fibonacci retracement level. Accordingly, the current pullback could run out of steam around $11,000. The use of a harmonic price pattern also identifies the area near $11,000 as a potential reversal zone, with the potential bullish reversal point being $11,280. 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 >>

Bitcoin Charts & Graphs - Blockchain

Bitcoin Charts & Graphs - Blockchain

Market Price (USD) $ USD Average USD market price across major bitcoin exchanges. Average Block Size Megabytes The 24 hour average block size in MB. Transactions per Day Transactions The aggregate number of confirmed Bitcoin transactions in the past 24 hours. Mempool Size Bytes The aggregate size of transactions waiting to be confirmed. 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 >>

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 >>

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 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 >>

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