Who owns bitcoin?

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  • unimatrix0
    Registered User
    • Jul 2008
    • 51
    #1

    Who owns bitcoin?

    I know about bitcoin since it was a project and was trading for a cent.
    Now I see the price increased to 500 USD. In real world, you would be stupid not to sell.
    But I see very litle transactions at this price. So, the question is who oun bitcoin. Not a few bitcoins, but millions of them?
    The math is very simple. You own millions of bitcoins that you bought at 1, 2, up to 40 USD. You cannot sel them at curent price, because the market will crash.
    But if you increase their value to as much as posible, you will have billions of virtual dollars in bitcoin.
    I know that there are a few people owning the bitcoin economy. A person owned 500.000 btc on mtgox when it was hacked. Then an investment found also bought a few millions btc.
    So, how do you think this investors will exit without destroing the btc value?
    The investment found said they will create a trading platform to bet on bitcoin. Witch is great, except they own the bitcoin so is like betting against the table on the casino. You might win some, but in the long run you will loose.
    What other strategy do you imagine for this investors to monetizeze their bitcoin stock?
    Tags: None
    • Harmon
      ( ͡ʘ╭͜ʖ╮͡ʘ)
      • Mar 2004
      • 20012
      #2
      Nobody owns it. I'm guessing all of the bit-tards will think of it like the stock market. They will go up/down and you buy accordingly... the problem is that there is nothing tangible on the back end. NOTHING.

      [email protected]

        Comment

        • DutchTrafficService
          Registered User
          • Jan 2012
          • 86
          #3
          Originally posted by Harmon
          the problem is that there is nothing tangible on the back end. NOTHING.

          I think you mean the USD (and other fiat currencies), not bitcoin.
          Porno

            Comment

            • Harmon
              ( ͡ʘ╭͜ʖ╮͡ʘ)
              • Mar 2004
              • 20012
              #4
              Originally posted by DutchTrafficService
              I think you mean the USD (and other fiat currencies), not bitcoin.
              Although I can agree with your analogy, what do you get with bitcoin ownership? An email? At least the USD has FDIC
              [email protected]

                Comment

                • unimatrix0
                  Registered User
                  • Jul 2008
                  • 51
                  #5
                  Originally posted by Harmon
                  Nobody owns it. I'm guessing all of the bit-tards will think of it like the stock market. They will go up/down and you buy accordingly... the problem is that there is nothing tangible on the back end. NOTHING.

                  When a few people own over 70% of bitcoins. they own bitcoin.
                  You really think there are many people owning significant amount of bitcoins?

                    Comment

                    • Harmon
                      ( ͡ʘ╭͜ʖ╮͡ʘ)
                      • Mar 2004
                      • 20012
                      #6
                      http://techland.time.com/2013/11/12/...public-hacked/
                      [email protected]

                        Comment

                        • CAHEK
                          C.C.C.P.
                          • Aug 2003
                          • 7413
                          #7
                          500$ per bitcoin

                          Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

                          Make Europe Poor Again (MEPA)

                            Comment

                            • Penny24Seven
                              So Fucking What
                              • Jun 2007
                              • 6287
                              #8
                              sold a lot not long ago and might sell most of what is left. Going to keep at least 100 just for the hell of it
                              Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

                                Comment

                                • L-Pink
                                  working on my tan
                                  • Mar 2005
                                  • 39151
                                  #9
                                  Originally posted by Harmon
                                  http://techland.time.com/2013/11/12/...public-hacked/
                                  First comment:

                                  "There is a speculation that it was the owner of the exchange server... Funny thing that the same guy owns a very popular weed forum called grower.cz.... I dont know who could trust this pot smoking guy with bitcoins?"

                                  .

                                    Comment

                                    • Penny24Seven
                                      So Fucking What
                                      • Jun 2007
                                      • 6287
                                      #10
                                      That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now
                                      Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

                                        Comment

                                        • Harmon
                                          ( ͡ʘ╭͜ʖ╮͡ʘ)
                                          • Mar 2004
                                          • 20012
                                          #11
                                          Originally posted by Brian837
                                          That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now
                                          What's your fucking point?

                                          Fucking clown.
                                          [email protected]

                                            Comment

                                            • unimatrix0
                                              Registered User
                                              • Jul 2008
                                              • 51
                                              #12
                                              Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
                                              I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
                                              This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.

                                                Comment

                                                • Penny24Seven
                                                  So Fucking What
                                                  • Jun 2007
                                                  • 6287
                                                  #13
                                                  Originally posted by Harmon
                                                  What's your fucking point?

                                                  Fucking clown.
                                                  point is it sucks to be him. I cannot remember what it was at when taken and figured some bitboy would clue in. Look who I am talking to though lol
                                                  Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

                                                    Comment

                                                    • Harmon
                                                      ( ͡ʘ╭͜ʖ╮͡ʘ)
                                                      • Mar 2004
                                                      • 20012
                                                      #14
                                                      Originally posted by unimatrix0
                                                      Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
                                                      I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
                                                      This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.
                                                      If you know so much, why ask the fucking questions to begin with? Do you want us to stoke your little yellow baby dick?

                                                      Fucking gook.
                                                      [email protected]

                                                        Comment

                                                        • CAHEK
                                                          C.C.C.P.
                                                          • Aug 2003
                                                          • 7413
                                                          #15
                                                          Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

                                                          Make Europe Poor Again (MEPA)

                                                            Comment

                                                            • freecartoonporn
                                                              Confirmed User
                                                              • Jan 2012
                                                              • 7683
                                                              #16
                                                              Originally posted by unimatrix0
                                                              Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
                                                              I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
                                                              This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.
                                                              i still dont get the what are they mining and why is it so valuable ? unless they are using this much cpu power for something profitable.?

                                                              there are sites where you could sell your cpu power...
                                                              SSD Cloud Server, VPS Server, Simple Cloud Hosting | DigitalOcean

                                                                Comment

                                                                • rowan
                                                                  Too lazy to set a custom title
                                                                  • Mar 2002
                                                                  • 17393
                                                                  #17
                                                                  Originally posted by Brian837
                                                                  That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now
                                                                  Saw mention that if the feds are able to recover the key they're going to sell off the BTC. Hopefully not all at once...

                                                                    Comment

                                                                    • Zuzana Designs
                                                                      All Your Design Needs
                                                                      • Feb 2005
                                                                      • 20896
                                                                      #18
                                                                      I ownz some bitcoins and it's been a great investment so far.

                                                                      Website Design - Consulting - Development
                                                                      sarah [at] zuzanadesigns.com - See Our Work

                                                                        Comment

                                                                        • L-Pink
                                                                          working on my tan
                                                                          • Mar 2005
                                                                          • 39151
                                                                          #19
                                                                          Originally posted by rowan
                                                                          Saw mention that if the feds are able to recover the key they're going to sell off the BTC. Hopefully not all at once...
                                                                          He'll give it to them.

                                                                            Comment

                                                                            • dave90210
                                                                              Registered User
                                                                              • Mar 2007
                                                                              • 1745
                                                                              #20
                                                                              People with large amounts of coin will sell small amounts at a time to keep the market staple!

                                                                                Comment

                                                                                • 420
                                                                                  cuck
                                                                                  • Mar 2003
                                                                                  • 11571
                                                                                  #21
                                                                                  Originally posted by rowan
                                                                                  Saw mention that if the feds are able to recover the key they're going to sell off the BTC. Hopefully not all at once...
                                                                                  They can't sell until the guy is proven guilty.
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