4 ms·

bitcoins are valued at $ 600 billions, with 6 million active users it's an average of $ 100,000 per user, which is not much in 10 years time. probably less tha

bitcoins are valued at $ 600 billions, with 6 million active users it's an average of $ 100,000 per user, which is not much in 10 years time. probably less than 1% made a lot of money, the rest lost some.

celticninja 6y ago
Also your numbers are nonsense. A bitcoin is currently worth $60,000. 10 years ago they were worth perhaps 0.1 cents each. I am pretty sure you could not find anyone who would agree that the gains made by bitcoin over the last decade could have been beaten by any other investment.
- africanboy 6y ago
  bitcoins are worthless their nominal (aka imaginary) value is right now $60,000 dollars each, in real money if btc could not be traded in fiat currencies, which is the real goal of every btc investor, their value would drop again to zero because that's their real (aka physical) value
celticninja 6y ago
Honestly you are talking rubbish. Bitcoin is currently just below it's ATH, so if anyone lost money it is because of stupid trades and not because the value of what they bought diminished severely. So according to your research 99% of people who have bought it have lost money. That's complete bullshit, I personally don't know anyone who has lost money, they have all made significant returns, so unless they represent your 1%, I say again, you are talking bollocks.
- africanboy 6y ago
  > So according to your research 99% of people who have bought it have lost mone it's accurate you don't have to believe me, just think that Satoshi alone owns 1% of the bitcoins in circulation, than there are a major crime organization in Bulgaria that owned $ 1.2 billion worth of btc (currently owned by the Bulgaria government), the FBI that seized many bitcoins around the World (1.5% of the total), including those of silkroad, followed by btc trading companies. only a quarter million users (4% of the total) own a full bitcoin, while the majority owns less than a half bitcoin. they bought at X and sold at X minus some, not much, but a loss nonetheless or bought at Y and sold at Y plus some small amount and.never tried again, for various reasons including "not worth the risk". technically not a loss, but not a good investment either. also many thousands wallets are inaccessible because the keys were lost (a friend of mine made almost two bitcoins in payments 8 years ago, he lost the keys soon after...) while the 1% got extremely rich, the 99% had neither the capital or the will to risk to get there. which is completely understandable.
  - celticninja 6y ago
    Complete nonsense.
    - africanboy 6y ago
      don't worry, you'll understand it one day. do you own BTC? anyway, you don't have to believe me (again) > According to bitinfo, which tracks the total number and value of bitcoin addresses, 75% of addresses are home to less than 0.01 bitcoin, and 97.54% have a balance of less than one bitcoin hardly nonsense
      - celticninja 6y ago
        You conflate addresses with users. It's not good practice to keep all your coins on one address. I understand it fine.
        africanboy 6y ago
        I don't It's bitcoiners that do that. if they said there are 6 millions addresses but it's actually a couple thousands entities holding them, it would be too obvious that bitcoins serve an insignificant portion of the society, usually already very rich. The fact that having a single address it's not good practice it's proof that bitcoins are inherently unsafe imagine if bank said "it's good practice to own many bank accounts". how many people would trust them with their money?

celticninja 6y ago

Also your numbers are nonsense. A bitcoin is currently worth $60,000. 10 years ago they were worth perhaps 0.1 cents each. I am pretty sure you could not find anyone who would agree that the gains made by bitcoin over the last decade could have been beaten by any other investment.

africanboy 6y ago
bitcoins are worthless their nominal (aka imaginary) value is right now $60,000 dollars each, in real money if btc could not be traded in fiat currencies, which is the real goal of every btc investor, their value would drop again to zero because that's their real (aka physical) value

celticninja 6y ago

Honestly you are talking rubbish. Bitcoin is currently just below it's ATH, so if anyone lost money it is because of stupid trades and not because the value of what they bought diminished severely. So according to your research 99% of people who have bought it have lost money. That's complete bullshit, I personally don't know anyone who has lost money, they have all made significant returns, so unless they represent your 1%, I say again, you are talking bollocks.

africanboy 6y ago
> So according to your research 99% of people who have bought it have lost mone it's accurate you don't have to believe me, just think that Satoshi alone owns 1% of the bitcoins in circulation, than there are a major crime organization in Bulgaria that owned $ 1.2 billion worth of btc (currently owned by the Bulgaria government), the FBI that seized many bitcoins around the World (1.5% of the total), including those of silkroad, followed by btc trading companies. only a quarter million users (4% of the total) own a full bitcoin, while the majority owns less than a half bitcoin. they bought at X and sold at X minus some, not much, but a loss nonetheless or bought at Y and sold at Y plus some small amount and.never tried again, for various reasons including "not worth the risk". technically not a loss, but not a good investment either. also many thousands wallets are inaccessible because the keys were lost (a friend of mine made almost two bitcoins in payments 8 years ago, he lost the keys soon after...) while the 1% got extremely rich, the 99% had neither the capital or the will to risk to get there. which is completely understandable.
- celticninja 6y ago
  Complete nonsense.
  - africanboy 6y ago
    don't worry, you'll understand it one day. do you own BTC? anyway, you don't have to believe me (again) > According to bitinfo, which tracks the total number and value of bitcoin addresses, 75% of addresses are home to less than 0.01 bitcoin, and 97.54% have a balance of less than one bitcoin hardly nonsense
    - celticninja 6y ago
      You conflate addresses with users. It's not good practice to keep all your coins on one address. I understand it fine.
      - africanboy 6y ago
        I don't It's bitcoiners that do that. if they said there are 6 millions addresses but it's actually a couple thousands entities holding them, it would be too obvious that bitcoins serve an insignificant portion of the society, usually already very rich. The fact that having a single address it's not good practice it's proof that bitcoins are inherently unsafe imagine if bank said "it's good practice to own many bank accounts". how many people would trust them with their money?