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Presenting The BitKillers: These Are The Richest Holders Of Bitcoin
The top holder of Bitcoins is the unlikely named 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a with 111,111 units of the crypto-currency (up from 40,000 units in the summer of 2011) for a total value over $110 million. Perhaps most interesting is these 100 Bitcoin holders represent over 20% of the entire outstanding amount of the alternative currency.
The following 100 Holders represent 2.23 million Bitcoins of the 11.12 million total oustanding currently...
(click image for full list)
and the Number 1 Holder has been adding (though hasn't added since Feb 2013...)
And the concentration of Bitcoins has fallen from its early incarnation highs but has been static for recent months...
Source: BitcoinRichList
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Proves what I have been saying here since it was in the low $30's. TPTB created it.
I'm starting to see people I thought were logical who now worship bitcoins. Their common sense and logic has been totally swept away by greed and $ signs in their eyes.
Man, I just don't get it... if it is supposed to be a currency, why is everyone treating it like an investment. Is it really any different than muppets thinking FP or TWTR was going to be a magical goldmine?
I have come to a frightening thought: never underestimate the human capacity to inflate any bubble or turn anything into a Ponzi scheme... or to believe that a Ponzi scheme is not a Ponzi scheme. That's not a dig at bitcoin (or even gold if you take it that far)... it is a commentary that the whole friggin' system is a giant ponzi-bubble. Most of the wealth people are ttrin to preserve is bubble wealth.
My other realization: the Matrix was just a fucking movie... there is no difference between the red pill and the blue pill. ;)
Bitcoin is money in the form of a virtual scarce good whose value is set by the market, and is bundled with a secure, de-centralized public ledger and transfer system.
My other realization: the Matrix was just a fucking movie... there is no difference between the red pill and the blue pill. ;)
Nonsense. You just said that one pill is red and the other blue. Those are different colors.
Just like red and blue states. Two shades of grey. Apropos.
massornament: BTC market value still only $13B. Not 1 major merchant has signed up, yet some see a "lack of potential catalysts." Tragic.
unless you're color-blind.
The real question is: do they both taste like Tasty Wheat?
Maybe one day I'll create my own electronic currency, totally secure, worth a fortune. There will be only one ever issued. i'll be the richest man in the world.
Bitcoin now definitely appears to be "quickening", but certainly not yet "delivered"...
...man, hindsight, bought just one...way back, for the exobanant cost $27 via an ATM at 7-11...and had to get approval from the wife at that...
Human stupidity never fails to amaze. This bitcoin game is one hell of a circus show though. Just look at this guy with 100k bitcoins, so much for these rich bitcoiners buying stuff... They are buying more bitcoins if anything, the amount of bitcoins has been only going up, this is what one might call hoarding. Now, when people do decide to actually go and spend their bitcoins, in any major way, that's when things will get interesting. All this talk of bitcoins used all over the place is just ridiculous, it's 99% is either speculation or hoarding. It's right in front of your eyes, look at all of these top 100 accounts.
on a separate note, for idiots thinking it will go to 100,000 or more, at that exchange rate, the top holder would be worth 10billion. This is just not going to happen, wake up!
Thank you, oh ye omniscient being. One question about the future that has been bugging me is now safely put to rest.
I paid my $120 bar tab at my local pub with bitcoin last night.
He is up about $8 at the mo :)))
Curious about this. How did bartender share his address with you?
Which one is Max Keiser?
I saw BTC's potential way back in Jan 2011 when I read Trace Meyers article on RunToGold. I really wanted to jump on it as a speculative play ... much of what Max has recently said were my immediate thoughts at the time. However, I was working 74-85 hrs a week, travelling constantly, burned out totally and had been sleep deprived for over 3 months straight (lasted for quite a while thereafter) ... the insane work schedule didn't end till Jan 2013 with work week variations only periodically down to 55 or so hours a week (after recovering from pneumonia in Dec 2012 ... I thought it was the flu).
It is painful to know I may have been able to quit my job by now (after selling some to pay everything off) had I done the plunge into it in Jan 2011 or even at the beginning of this year. I have no issue with the happy BTC investors or the whole idea, I just know its been a royal pain in the ass trying to get account open with Mt Gox (denied acct verification and little time to follow up with them) and with Coinbase (asked them a question and still waiting for the fuckers to answer)... I don't see a lot places to 'transact' with BTC but never thought of it in terms of that anyways.... Now that it is over $1,000 each I might still pick a few up but, as far as I am concerned ..the train left and I'm not on it even with a few BTC (if the coinbase fuckers ever bother answwering my questions or Mt Gox blesses my account verification info) .. I do see BTC and all the digital currencies as a great way to divert fiat away from the precious metals market which has gone nowhere for years... unfortunately I am not wealthy to have strong positions in either of them ... fuck me ... it sucks to have work for a living in this world instead of living on investment genious, timing and adequate bank account balance to play with. I hope the planes I work on don't crash too often while the luckier wealthy are flying on them... I'm still burned out and seriously underpaid for what I do... with downward pressure on my wages ...the bright side is I will get some days off by the end of the year... maybe I'll catch up on my sleep
So, all is going according to the NSA plan, then.
Step 1 - set up a cryptocurrency (with the usual back door)
Step 2 - pump it
Step 3 - Denounce it as a very safe harbour for the mafia
Step 4 - pump some more, to get the gangsters involved
Step 5 - dump on Christmas Day
Seemples!
Reminds me of gambling. I'm still into tangible assets.
Bitcoin HIGH Today $ 1224
soon 2000?
Realtime quotes:
http://btcpost.net/
Its going to $10,000!
25K in 4 years or less.
You heard it here first.
Which of the following do we think is more likely about bitcoin?
1. A way to overthrow the oppressive fiat money system has finally arrived, and the evil bankers, 1%, and their lackeys in the government can't do anything about it. The revolution is upon us! "Satoshi" is a benevolent genius who doesn't come out of hiding because he's modest. There can never be a bitcoin2, bitcoin3, or bitcoinN, so digital currencies will hold their value and not be inflationary. The 99% can now finally kick government out of our lives and live in an anarcho-capitalist wet dream! The entire fiat money world is on the verge of collapse, and the global scales of power will be completely overturned. We cannot even imagine what tomorrow looks like, but it's very different from today.
2. The same 0.01% that made the Federal Reserve, and every other banking cartel for the last 600 years, made this too. They're way, way ahead of you. Therefore, nothing is going to change, and just like everything else they've done, it is definitely NOT in your interest.
Rainman says:
"Number 2... yeah, definitely number 2... definitely".
Stopthejunk1 obviously doesn't know what money is. And a statement of "digital currencies will hold their value and not be inflationary" leaves out the real problem with BitCoins. That is "they will increase their value and be deflationary". DEFLATION is as bad, or maybe even worse than INFLATION. The only proper value for both is zero.
BitCoins will be buried by a properly managed Medium of Exchange (MOE). That stops the BitCoins music and there will be zero chairs.
A properly managed MOE:
Such management (and yes ... transparent management is necessary but easily verified and requires tiny overhead) protects the marketplace and guarantees the MOE to have an unchanging value (i.e. for the MOE itself, INFLATION is guaranteed to be zero at all times everywhere).
Todd Marshall
Plantersville, TX
I just found a bitcoin in the turkey's rear-end.
No additions since February 2013? True buy-and-hold. Will 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a corner the market then get head handed to them by some Fed regulation?
I would bet the #1 holder is "Satoshi" and the #5 holder on late entry or #2 holder on moving up is the Federal Reserve who has unlimited printing to fund such a control play.
Did the OP ever consider those are addresses owned by exchanges, who are holding the BTC in lieu of individuals using their trading platforms?
IS THIS ALL THAT IS HAPPENING?
*************** "total value over $110 million" **************************
Get into the game with a commanding position all for a pittance.
Achieve total dominace then pump and dump algos can begin. (a slow fiancial bleed pays for the outlay).
Then make bitcoin legitimate so it can be used as security for other things.
At this point the market manipulations by the big players can force margin calls to fleece in other areas.
Bitcoin is kind of trapped in a way, being seen as a safe haven demand is high but if made so it becomes interchangeable then it plays into the hands of those people are trying to escape. THATS MY OVERVIEW OF WHERE THIS IS GOING. If anything it shows that a group of friends forming their own currency for trading purposes and excluding the big players was kewl. But now those who see this trading want to skim off that trade, need in and you will not deny them!
This is the power of the existing fiat currency system bitcoin is up against where if it can be transferred into a fiat currency then it will be owned.
Is Bitcoin the latest multi level marketing plan? Where the early players earn the bucks?
Lol bitcoin is doomed to crash.
you cant have a few dozen people controlling 60% of the fucking currency in circulation, thats a fucking ponzi scheme by any stretch.
So essentially, Bitcoin favours those early adopters, who rake in seigniorage instead of central banks. Sure, always nice to have a new random load of rich people determine a currency's value, but to all the public's practical purposes, the result is the same.
Watch them all flee back into gold when - if! - tapering starts.
.
You will be protected from btc by the usual suspects. They revere the victims of that which they don't control. The opposite is also true.
Beliefs about Bitcoin are very polarized here on ZH. Lets see some numbers by completing this SURVEY:
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