A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
How Much Bitcoin Does it Take to Break Into the 1% Club?
The "Bitcoin 1% club" refers to the top 1% of Bitcoin holders worldwide. It's hard to determine how much BTC you need to be in the 1% club, since Bitcoin isn’t evenly distributed among addresses, and there are many lost Bitcoin. Since its creation just over a decade ago, Bitcoin’s price has risen far and fast, becoming one of the best-performing assets in recent years. Theory suggests that you’d need an investment of 15 Bitcoin to join the 1% club. At today’s prices, that’s over $100,000. According to a chart published by Blocklink, 15 Bitcoin is the magic figure. Blocklink reached this conclusion by disregarding wallet and address data, and assuming no lost Bitcoin in its calculations of 25 million Bitcoin owners. The study also reportedly considered power law applied to the distribution of Bitcoin wealth, which was seen as equivalent to global wealth. According to this calculation, it takes 15 BTC to be in the top 1% of holders. Source: Blocklink.info At the time of their study, in 2018, Blocklink also claimed that 225,000 Bitcoin owners held this amount of Bitcoin, making the 1% club pretty exclusive. However, different studies make different assumptions, and because there is no precise or transparent way of identifying who owns which addresses, it’s actually very hard to know how much Bitcoin you would need to enter the crypto community’s elite.
How much bitcoin do you think is a good amount to feel secure?
Losing faith in fiat and trying to hedge accordingly. I was wondering how much bitcoin I'd need to purchase to feel it was significant as I won't be able to buy much (less than 1/4) and I'm trying to weigh my options. Please advise
Think twice before posting how much Bitcoin you have. You are putting a target on your back!
Hello everyone, I felt like it was needed for me to make this post after seeing so many posts including details of Bitcoin purchases of vast amounts. When you make a post about having lots of Bitcoin, you are really just telling hackers that your device is of interest to them. This is of particular importance if you are using your own personal Reddit account to make these posts as you likely have some information on you profile which they could use for social engineering techniques. That's all I have to say, have a good day :)
09-14 08:15 - 'because say you have a large amount of bitcoin and you transact with someone they can pretty easily see how much bitcoin you have on the public ledger. We wouldn't be happy if every time we used our credit cards the...' by /u/mrelevenoutoften removed from /r/Bitcoin within 100-110min
''' because say you have a large amount of bitcoin and you transact with someone they can pretty easily see how much bitcoin you have on the public ledger. We wouldn't be happy if every time we used our credit cards the cashier could say our entire balance so why should we be happy about that with bitcoin? Privacy concerns are becoming more of a mainstream issue and I should expect this to be reflected in the adoption of monero. Furthermore bitcoin is not fungible. Say you receive bitcoin rather than send and the person is shady unbeknowst to you, you could now get into trouble or have your BTC seized on a centralised exchange because that bitcoin is "tainted". Due to the private nature of Monero you wouldn't have to worry about such a thing. ''' Context Link Go1dfish undelete link unreddit undelete link Author: mrelevenoutoften
Ive been searching online to find the answer to this question but im not sure it cam even be estimated. Can we even try to guess at how much btc is for sale? With so many exchanges and sell offers im not even sure this is possible. Any help will be appreciated. PS how doni get karma to post in the main crypto thread? Thx.
I recently watched a show about a teen who opens an online drug market, and at the end he deletes the whole thing, including the bitcoins he had in his account. This got me thinking, is there a fixed amount of bitcoins. I mean it kinda has to, for it to go up in price. And what keeps people from counterfeiting or make new coins?
Bitcoin Core GUI will begin to download the block chain. This step will take at least several days, and it may take much more time on a slow Internet connection or with a slow computer. During the download, Bitcoin Core will use a significant part of your connection bandwidth. You can stop Bitcoin Core at any time by closing it; it will resume ... Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM ... BTC/EUR: Aktueller Bitcoin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in EUR. Bitcoin How Much Bitcoin You Need to Be in the Richest 1% of BTC Holders. Christina Comben Feb 19, 2020 08:00 . Share. Tweet. Send. Share. Just when you were lamenting not buying more bitcoin before the price spiked, Jake Levison made your day. According to the BlockWorks Group analyst, you only need 0.28 BTC to be in the top 1% richest of the world (in BTC terms). Apparently It Only Takes ... About Bitcoin. Bitcoin is the original cryptocurrency released in 2009 as open-source software.It is a digital currency predicated on cryptographically secure transactions, a proof-of-work consensus model, and a decentralized, P2P distributed ledger network.
This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generat... Follow mOE at: ☻http://www.twitch.tv/m0e_tv ☻https://www.facebook.com/m0etv ☻https://twitter.com/m0E_tv ☻https://instagram.com/m0e_tv Intro By PubFX http... Support Me On Patreon! https://www.patreon.com/TheModernInvestor ----- Protect And Sto... How Much Bitcoin Do You Need To Be Rich & Have Financial Freedom? - Duration: 22:56. Lark Davis 87,049 views. 22:56. News I Missed - Ripple/SWIFT Rumours, Crypto Isn't Real, Bitcoin To $10k And ... In this episode, we talk about how much Bitcoin to own, individually, to get rich. Our advice will help you balance your Bitcoin portfolio and take you down ...