Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Peter90 on January 05, 2024, 11:53:44 AM

Title: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: Peter90 on January 05, 2024, 11:53:44 AM
Look at to the two charts below

I'm not sure but to me it looks like the BTC price follows the $1M wallets numbers rather than that of the Wholecoiners, which would mean that the BTC market and price are still driven - basically - by the BTC millionaires.

Interesting the steady increase - except the two years 2020 and 2021 - of the Wholecoiners all along the last 15 years (and even in 2020 and 2021, the number of wholecoiners stayed flat, there wasn't a decrease).
Imo that reflects a steady increase of the BTC people and of adoption of BTC, at least as an investment/speculation vehicle.





The number of wallets - currently 91.000 - containing BTC worth at least $1 million is up nearly 300% since the start of 2023


(https://cms.zerohedge.com/s3/files/inline-images/btc_6.jpg?itok=wtDm6ObT)






"Wholecoiners" - those unique addresses containing at least 1 BTC now number more than 1 million for the first time


(https://cms.zerohedge.com/s3/files/inline-images/75b902e4-ae2e-4ddb-99f4-0b81dfea.jpg?itok=xWZ18MXG)


www.zerohedge.com (https://www.zerohedge.com/crypto/massive-whales-dominated-crypto-buying-december-eth-demand-trumps-btc)
Title: Re: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: tranthidung on January 05, 2024, 02:30:49 PM
Weak hands usually come from small investors, newbies, not whales or market makers.

You don't have to rely on that site to get charts from their article. Charts you shared were taken from Glassnodes and if you have free account, you won't be able to access advanced charts.

I know one website, provides you many informative charts, and free to use.

I will not make screenshots of those charts, please visit links to see them.
Title: Re: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: Peter90 on January 06, 2024, 05:01:45 PM
Quote from: tranthidung on January 05, 2024, 02:30:49 PM
I know one website, provides you many informative charts, and free to use.
  • LookintoBitcoin.com (https://www.lookintobitcoin.com/charts/)
  • You can bookmark it for later use.

Thank you Tran!
LookintoBTC.com, bookmarked!  :D

I was trying to make some sense of those charts.


You write

Quote from: tranthidung on January 05, 2024, 02:30:49 PM
Weak hands usually come from small investors, newbies, not whales or market makers.

You are right.
The other side of the coin is that when whales or market makers move, the market gets moved big time.

"To begin, there is much speculation around the founder(s) — Satoshi Nakamoto – who created Bitcoin (BTC) on  June 3, 2009. The mystery person or group (or government agency) has been MIA since 2011. Yet 1 million Bitcoins remain in their original account, untouched. His wallet is estimated to be up to $73 billion, and if this is indeed an individual, he or she is one of the top 15 richest people in the world. They have never moved a fraction of a BTC from their account. So, one wallet contains 5% of all mined bitcoin. Will this person or entity perpetually hold?"

www.armstrongeconomics.com (https://www.armstrongeconomics.com/world-news/cryptocurrency/the-truth-about-bitcoin-and-cryptocurrencies-an-unpopular-analysis/)

Title: Re: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: Faisal2202 on January 06, 2024, 08:51:34 PM
These numbers are really awesome and yeah millionaires are the ones driving BTC this time but if we look at this whole scenario from another angle, an angle of inflation which is telling us, there is more money in the hands of people which was lesser back in time, why? because of inflation. As inflation caused people to have more money so they have millions in BTC, I don't think we should see it as a great victory but a small one maybe.

Overall, those who have not invested 1 million but a little less have already crossed the 1 million target and are added to this chart as a number. People are becoming rich on BTC, I am seeing those achievements all over social media. BTC has outperformed its potential but still a lot to go. By the way thanks for using the term "Wholecoiners" as I did not know its meaning is those who have 1 BTC.
Title: Re: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: Baofeng on January 09, 2024, 12:47:10 AM
There is also this great site here:

(https://www.talkimg.com/images/2024/01/08/sJBU9.png)

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

It just shows how big those wallets are and for us average joe, we can see where we at this point.

Still a long way to go for me personally to have that 1 bitcoin in my wallet, but at least if we have a goal here then that will be it and be part of the 1 bitcoin club.
Title: Re: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: tranthidung on January 09, 2024, 02:02:00 AM
Quote from: Baofeng on January 09, 2024, 12:47:10 AM
There is also this great site here:

(https://www.talkimg.com/images/2024/01/08/sJBU9.png)

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

It just shows how big those wallets are and for us average joe, we can see where we at this point.

Still a long way to go for me personally to have that 1 bitcoin in my wallet, but at least if we have a goal here then that will be it and be part of the 1 bitcoin club.
You can use it with chart for each address and with Wayback machine that is helpful if you need to see changes of Bitcoin Top 100 rich list addresses over some years.

Like this.
Title: Re: Whales, Wholecoiners and BTC price: some statistics and two charts
Post by: Peter90 on January 10, 2024, 04:34:57 PM
Quote from: Baofeng on January 09, 2024, 12:47:10 AM
then that will be it and be part of the 1 bitcoin club.

... welcome to the Wholecoiners Club  :D