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Bitcoin Ownership Distribution

0.64% Of All $btc Ownership Addresses Own 87.6% Of #bitcoin

0.64% Of All $btc Ownership Addresses Own 87.6% Of #bitcoin

This is not intended to be "FUD" post but rather a "perspective" one. In the traditional FIAT world, money is concentrated in a handful of people due to abuse of power. In the crypto world, and especially in Bitcoin, this happens because of the early adaptation from visionaries and the original believers that adopted the technology. We still don't know if Satoshi Nakamoto was a financial visionary, a revolutionary, a researcher having fun or a government agency deploying a beta digital currency to replace the old obsolete system. We can speculate and hypothesize about all the scenarios but in the end, we will be left with nothing other than a tinfoil hat. Either way, the story behind Bitcoin should not distract us from the main point. A few people hold the vast majority of wealth. It doesn't matter if they spread it through a few wallets. We are talking about less than 0,0001% world distribution in wallets and an entire market in the billions depended upon these few individuals. Some coins have not moved for ages even if the price has climbed or plummeted in crazy magnitudes. If one single whale decided to play the market, they could easily spread havoc. This brings us to the point of decentralisation which was one of the main points of Bitcoin and the thereafter blockchain development. The technology can be decentralised but that does not mean the system is. As of recently,6 mining farms controlled most of the ecosystem. Most new people entering are playing with launch money. It is not clear how and when institutional investors entered the scene. A small bear market on Bitcoin shakes the entirety of all other projects. I wouldn't call Blockchain a bubble but I would definitely call Bitcoin one. I do not believe a Bitcoin crash will decimate the entire ecosystem as it 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 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 >>

The 8 Biggest Bitcoin Players Who Could Make A Fortune Off The Cryptocurrency

The 8 Biggest Bitcoin Players Who Could Make A Fortune Off The Cryptocurrency

There are plenty of well-known critics of Bitcoin in the banking and business worlds. Recently, Jamie Dimon, chief executive of JPMorgan Chase & Co., called the cryptocurrency a fraud and said it would blow up. He even went so far as to say he would fire anyone who traded Bitcoin because they are stupid. But not everyones so dismissive. Bitcoin has had a bullish run in 2017, rising from $966 at the start of the year to a record high of more than $6,000 this month, and some major holders of the currency are no doubt looking to cash in on its value. The names might surprise you. While Bitcoins allows for anonymity, using strings of letters and numbers to identify sources of transactions, certain people have publicly revealed that theyre enthusiastic users. Here are the people with the biggest known stakes in Bitcoin. You likely know Tyler and Cameron Winklevoss, who tried and failed to gain control of Facebook after alleging that it had been appropriated from them, thanks to Armie Hammers satirical portrayal of both siblings in The Social Network. But the Winklevii have a second act in their enormous Bitcoin investment. While they were shut out of creating a Bitcoin exchange traded fund (ETF) , their 2013 investment in $11 million worth of Bitcoin (which reportedly amounted to one percent of all the currency in circulation) looks pretty rosy now. That same amount is worth approximately 21 times as much now, putting their total at about $231 million. Silbert, a venture capitalist and founder of Digital Currency Group , was an early proponent of Bitcoin. He reportedly nabbed 48,000 Bitcoins in an auction held by the U.S. Marshals Service in 2014 ( the government had seized much of the currency from Silk Road, an online marketplace it said was used for illegal drugs). Bitco 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 >>

Bitcoin - Statistics & Facts

Bitcoin - Statistics & Facts

Bitcoin, also called a mobile currency or a crypto currency, was created in 2009 by Satoshi Nakamoto, a mysterious individual or a group of people whose true identity is still unknown today. The main idea behind the establishment of this virtual currency was to enable quick and cheap online payments without the need to use traditional banking channels. Bitcoin gained in popularity when its price jumped from around 572.33 U.S. dollars in August 2016 to approximately 4,764.87 U.S. dollars in August 2017. The number of Bitcoin ATMs increased from 954 in January 2016 to 1,587 by October that year. Most Bitcoin ATMs , as of October 2017, were located in the United States (911) and Canada (244). The Bitcoin ATMs located in Europe as of October 2017 constituted 21.11 percent of the global ATM market share . The leading ATM producer worldwide as of Octber 2017 was Genesis Coin, with 45.94 percent of the market share. However, the future of this virtual currency is yet unknown. If the most important difficulties are overcome and people all over the world start to trust in Bitcoin, it might become one of the most popular online payment means. This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. Continue reading >>

Big Fish In The Crypto-pond Who Owns All The Bitcoin? | Digital Trends

Big Fish In The Crypto-pond Who Owns All The Bitcoin? | Digital Trends

Posted on March 16, 2018 - 11:43AM 3.16.18 - 11:43AM Even if youre sitting on what you consider a sizable number of Bitcoin, or a Litecoin horde that would make you rich if you sold it all, youre almost certainly not as big a fish as you might think. Neither are most of the millions of other wallet owners. The majority of the worlds digital currency is owned by just a few thousand wallets. Though the owners are anonymous, they are absolutely, stinking rich. Few would have predicted in early 2017 that, by the tail end of the year, Bitcoin and other cryptocurrencies would increase in value by factors of thousands of percent . Many jumped on the bandwagon late and found themselves floundering as prices crashed down. The problem was so severe that banks stepped in to curtail Bitcoin purchases. The recent correction didnt shake the biggest owners of cryptocurrency, however. A few crypto-whales are sitting on a stash of Bitcoin, Litecoin, and Dash worth billions of dollars, and theyre not selling. Instead, most of them continue to buy, hoarding masses of cryptocurrency, gradually migrating Bitcoin and altcoins into the hands of the crypto elite. According to statistics put together by BitInfoCharts through parsing the blockchain, of roughly 23 million Bitcoin wallets in existence, more than 13 million of them own only a fraction of a Bitcoin. While many in number, they make up a minuscule portion of the overall financial landscape. At the other end of the scale, only 1,500 addresses have between 1,000 and 10,000 Bitcoins in them. The top 111 wallets have more than 10,000 Bitcoins a piece. Thats tens of millions of dollars worth of cryptocurrency in each wallet. The 100 largest Bitcoin wallets are together worth $28.6 billion. Using BitInfoCharts latest calculations, 87 perce Continue reading >>

Bitcoin Ownership Distribution

Bitcoin Ownership Distribution

15 Sep 2017 Probably the most visible application of blockchains right now isthe virtual currency Bitcoin which has often hit the news for rapid gains in value but in fact there are over 2,000 other tokens and currencies based on distributed, cryptographical technology. Collectively they are known as cryptocoins orBitcoins can also be exchanged in physical form such as the Denarium coins, but paying with a mobile phone usually remains more convenient. Bitcoin balances are stored in a large distributed network, and they cannot be fraudulently altered by anybody. In other words, Bitcoin users have exclusive control over their funds linode bitcoin Bitcoin mining pool hashrate distribution - City Sensors portfel bitcoin National Security Implications of Virtual Currency - RAND Corporation new bitcoin wallet Originally developed as the accounting method for the virtual currency Bitcoin, blockchains which use what's known as distributed ledger technology (DLT) . could be usefully applied to voting systems, weapon or vehicle registrations by state governments, medical records, or even to confirm ownership of antiquities or Researchers Find That One Person Likely Drove Bitcoin From $150 Bitcoin technology patents - octimine technologiesSo that does have a very significant effect on the price of Bitcoin. 'Second, we have rapid demand changes. Suddenly there are loads of buyers, everyone wants to get into Bitcoin, then just as suddenly they don't. It's very volatile. 'Third, the ownership distribution of Bitcoin about 50 people seem to control half of all the bitcoin growth since 2010 30 Jul 2017 How do I claim my Bitcoin Cash? Ownership of bitcoin is stored in a distributed ledger called the blockchain. In other words, the computers in the bitcoin network record how much Bitcoi Continue reading >>

Bitcoin By Numbers: 21 Statistics That Reveal Growing Demand For The Cryptocurrency

Bitcoin By Numbers: 21 Statistics That Reveal Growing Demand For The Cryptocurrency

Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency By whatever metric you care to measure it, 2017 has been a record-breaking year for bitcoin. From transactions to trading volume, and from wallet installations to market cap, every possible metric has been surpassed, shattered, and then shattered again. The cryptocurrency world evolves at such a dizzying pace that it can be hard to take in the magnitude of everything thats happening in bitcoin. In the words of Ferris Bueller, If you dont stop and look around once in a while, you could miss it. As an intangible digital currency, it can be hard sometimes to appreciate where bitcoin is at and how far its come from such humble beginnings less than nine years ago. The following stats help bring bitcoin to life, making it easier to visualize the state of the network today. (Note: all figures are averages and were accurate at the time of publication.) 96: countries where bitcoin usage is unrestricted. Bitcoin statistics for the week ending November 1st. $12.8 million: mining rewards in the last 24 hours. 326,000: bitcoin transactions confirmed in the past 24 hours. 96%: amount of bitcoin owned by just 4% of addresses (containing 2.9 million BTC). 457,000: number of addresses richer than $10,000. 715,000: number of active addresses in the last 24 hours. $19 billion: value of the 100 richest bitcoin addresses. 500,000: number of Bitcoin.com wallets downloaded. 400,000: number of subscribers on r/Bitcoin . 12 million: number of Coinbase users (1 million of whom were added in the past three weeks). 18.5 million: number of Blockchain.info wallets. 80,000: number of bitcoin tweets sent per day. For anyone who wants to geek out on more bitcoin stats, Cryptocompare , Onchainfx , Bitinfocharts and of c 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 >>

Bitcoin Users Are Gunning For The Exclusive '21 Million Club'

Bitcoin Users Are Gunning For The Exclusive '21 Million Club'

Bitcoin owners have set a benchmark for the "21 million club." To gain entry, you must own a full bitcoin, currently valued at nearly $13,000. The 21 million figure refers to how many bitcoin will ever be in circulation. Many people who missed buying out when bitcoin was cheaper now fear they'll never become a member. Bitcoin is having quite the year. Since it first hit $1,000 on January 2, the value of one bitcoin has risen to nearly $13,000 as of December 6. The rising prices (and surrounding cryptocurrency rush) have enticed throngs of people to nab their first coins, coin, or fractions of a coin. It's also spurred users to set a clear benchmark for bitcoin ownership, based on the fact that there are only 21 million bitcoin that will ever be in circulation: the exclusive "21 million club." Members of the 21 million club own at least one full bitcoin. They are part of a rare group that makes up less than 0.3% of the global population (since some people own hundreds, if not thousands of bitcoin.) On the bitcoin subreddit , users share stories of making into the 21 million club, their plans to eventually do so, and regrets about not having invested earlier, when their budgets might have still allowed them to join. Continue reading >>

Concentration Of Bitcoin Ownership. Another Road To Serfdom? : Bitcoin

Concentration Of Bitcoin Ownership. Another Road To Serfdom? : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Why Distribution Of Ownership Is Important To Digital Currency Investors

Why Distribution Of Ownership Is Important To Digital Currency Investors

The distribution of ownership in digital currency is useful fordeciphering the digital currency landscape andproviding a sense of what the average investor is in for or up against. Surprisingly, digital assets are not held in the same decentralized fashion as the computer networks that support them. Compared to traditional assets, digital currencies may look like the legacy wealth which only privileged participants hold in large size. For all the community-minded proponents of decentralized digital currencies, few people realize just how concentrated coin ownership is. For instance, out of about 26 million total bitcoin addresses, only about 1500 own 40% of the bitcoin in circulation. We cant know the precise breakdown per person, because although addresses are publicly visible, they are pseudonymous, so the owner behind each address may be obscured. One person may have many wallets, and wallets may have many addresses, so a per capita picture is difficult to paint. Furthermore, these large holders, or whales, often know each other from the early days of digital currency. Before it was cool to own digital assets, many of these folks acquired bitcoin for pennies or earned massive block rewards through early mining. These long time HOLDers speak with each other, and can coordinate any moves they deem fit. To put ownership distribution in perspective to old-school, analog wealth; the top 20% of Canadians own about 67% of total wealth, while about 25% of Bitcoin addresses own 99.95% of total bitcoins. Based on digital currencys founding principle, this concentration runs counter to the decentralized and libertarian resiliency of digital assets. From an investing dynamics point of view, it makes the young asset class subject to even wilder price swings. Observers see increa 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 >>

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 >>

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