WTF is now wrong, all cryptos down?

[jorge]

Yeah I understand, so far I hold for only 133,000 euro bitcoin, that's only a‌ little more than one bitcoin 🙁

 

[mistaphi]

That's good enough to put‍ your wallet in the top million or so wallets that hold 1 BTC or more.⁠ 53+ million wallets own less than that so you're doing great. Keep stacking those sats.⁤

 

[jorge]

Are there any stats on this as you mention it like this?

 

[kokunut]

stats from 2022 - may not be valid any‌ longer.

 

[void]

there are stats everywhere but totally irrelevant as well as all the ridiculous‌ analyses based on UTXOs on addresses - nowadays nobody serious accumulates on a single address,‍ the user knowledge improved dramatically

 

[hofo]

yes, true

But interesting to know how many‌ wallets in fact hold more than 1 BTC out of curiosity ?

 

[void]

🙂 I don't know... it's probably as interesting‍ as all the wallets that hold 2 BTC and 15 BTC and 0.1BTC, isn't it?⁠

 

[JackAlabama]

Only statistical fact proven today:⁠ only 21M people can own 1 btc. Likely less, as many already own more than⁤ that.
Not much, its the size of a bigger city.

 

[rss]

And there's also millions of btc lost forever that will⁠ never be recovered.

Mircea Popescu died a few years ago, if you know, you know.⁤

 

[hofo]

yes

 

[OKboomer]

ETHBTC bottomed out , IYKYK

 

[mistaphi]

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

 

[diro]

It's a good time to buy cryptocurrencies again. Just wait a day or two, and‌ it will be an excellent opportunity to invest.

I never understand the market, why does‍ it seem to go into a coma every time the Federal Reserve makes a rate⁠ cut?😡

 

[void]

me neither....‍ totally irrelevant yet it responds
probably the portion of BTC traders is still significant despite⁠ holders' share grows

 

[dany]

It’s absolutely crazy to watch the crypto market right now and see how it’s being‌ slaughtered. First, we saw massive surges, and now huge drops! Investors are heading off for‍ their Christmas holidays, cashing out their profits so they can feast and indulge.

@TheCryptoAnt did right when he posted Nov 25 that he is out for now! We should have⁠ done the same.. some people here knows their shiiiiit.

 

[EliasIT]

yeah @TheCryptoAnt is the guy I will listen to in the future 😀

So far down with⁣ 60K EURO !!! WOOOOUUUU s**t.

 

[JackAlabama]

its not much. Just a 15% drop. There will be bigger and harder drops than this.⁣

If its too much to stomach, reduce the position size.

 

[JackAlabama]

yeah how many times have‍ that been said but all tops have been local tops in hindsight.

 

[TheCryptoAnt]

I always tend to be a bit early to the actual top/bottom⁤ tho, keep that in mind in the future lol

and still a weekly higher low, no need to super panic yet.

 

[kislokan]

Will take some time to recover now but doesn’t change the fact it’s going way‌ higher next year