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11843828 No.11843828 [Reply] [Original]

thinking of selling here. im still up 53x but im starting to realise that anyone who bought in after q3 2017 isnt actually an early adopter. like 5% of the entire population holds crypto

>inb4 "no way 5% holds crypto because [insert anecdote]"
stfu. Pretty much every reputable survery says that 3-6% of American's hold crypto. Considering that bitcoin was far more popular in places like SEA and Nigeria, its pretty safe to can that 5% of the world holds crypto.

Probably going to buy back if it ever goes back to my buy in ($400) but i doubt it will desu. just going to flatline between $3-11k for the next 5 years.

>> No.11843841

>>11843828
lol no way 5% of the world holds crypto

>> No.11843849
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11843849

>>11843828
As bitcoin nosedives, regulators said to be investigating whether it was propped up illegally

https://www.cnbc.com/2018/11/20/regulators-investigate-whether-bitcoin-price-was-propped-up-illegally.html

You are a scapegoat bagholding neet

>> No.11843955
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11843955

>>11843828
>assume 5% of the whole world holds crypto
>this means 0.05*7 billion = 350 million people hold crypto
>Bitcoin roughly 1 million unique addresses at the peak
>Ethereum roughtly 35 million unique addresses at the peak
>Other shitcoins not even worthy of mention
So under the most liberal scenario maybe 0.5% of the population has owned some kind of crypto, but let's be honest here, of those 35 million ethereum addresses, more than 50% are probably dupes made by individuals or contracts, so the number is probably closer to 0.1%, if that.
Learn to do some basic math, you stupid nigger.

>> No.11843983

>>11843828
Sell...why are you asking this Lithuanian arborist forum? Don't let the door hit you on the way out.

>> No.11843993

>>11843955
most people that bought in 2017 did not withdraw their crypto from exchanges that they bought it on because they barely understand how crypto works.

like i said
>"no way 5% holds crypto because [insert anecdote]"

>> No.11844009

OP is right, with the 1 possible exception of Chainlink

>> No.11844024

>>11843828
>5% of the entire population holds crypto
BUAHAHAHAHAHHAHAHAHAHHAHAHAHAH idk why /biz/ loses money if bizraelis are this intelligent.

>> No.11844040

>>11843828
Where does that meme of adoption moonshot come from? With more adoption the tech gets cheaper.

>> No.11844050

>>11844024
>"no way 5% holds crypto because [insert anecdote]"
the amount of cope is insane. just kys

>>11843993
>>11843955
to add to this;
>Ethereum roughtly 35 million unique addresses at the peak
Is it really so hard for you to believe that only 1 in 10 people that bought eth on an exchange, withdraw to a third party ether wallet? Where you even here in January? literal retards were buying

>> No.11844214
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11844214

>>11844050
I can't even fathom how much of a sheltered zoomer you would have to be to think 1 in 10 or even 1 in 20 people in the world owns cryptocurrency. Get out more or grow up.

>> No.11845364

sure there is it cant go below zero, every other asset class can

>> No.11845405

>>11843828
Instead of trading on feeling, how about you run some numbers doucebag. ~20M Coinbase accounts ~32M Bitcoin addresses, ~35M Ethereum addreses. Go source the data for the other exchanges and realize that addresses =/ people. I geniunely hope you sell, and trade your emotions. Only the few who do the homework get the reward.

>> No.11845435

>>11844040
brainlet detected.

>what is a finite supply

>> No.11845439

>>11843828
crypto mcap 150 bil.

Stocks mcap 70 trillion. Muh everyone already owns crypto.

>> No.11845440

>>11845405
>coinbase is the only exchange
most of the buying came from SEA. coinbase is mostly Americans.

>> No.11845441

5% sounds believable if you count everyone who holds like 10 bucks worth of dust

>> No.11845464

Crypto will go bull once the wannabe elites who bought bitcoin when it was 100-1000 bucks finally sell.

>> No.11845499

>>11845439
crypto's are currencies not stocks. They don't pay out dividends or give shareholder rights. A more valid comparison would be to compare bitcoin with the USD.

>$10.5 trillion in existence, using the M2 money supply definition.
>bitcoin was $300 bill mcap at peak

That means bitcoin was worth 3% of the USD; A currency that is backed by the most powerful nation in the world, dominates economic activity, is accepted as legal tender by >300 million people, is available at nearly every airport or post office in the world, and has a literal fucking military behind it.

>> No.11845950

>>11843993
Except that's not an anectdote. It's math.

>> No.11846210

>>11845499
You're completely overstating the importance of market cap. Market cap and actual total holdings are not the same thing, brainlet. The insane pump of 2017 was the result of nerd retail investor FOMO and south-east Asian onramps going online. It may have at times been augmented by Tether pumps, though I think that is probably only a minor factor.