Top 10 coins altCoins of 2020

Bitcoin whale

Whales are the world’s largest mammals, and Bitcoin Whales are the most important players on the Bitcoin market. Those are typically not individuals, but institutions like Hedge Funds and Bitcoin investment . as an example , Pantera Capital, Bitcoins Reserve, Bitcoin investment company et al. .

These institutions typically move around many thousands of Bitcoins. It’s a really covert operation: those funds arrange a special agreement with an exchange to maneuver such big amounts through exchanges out of sight of normal traders.

In Bloomberg's latest report, it was found that only 1,000 people own 40 percent of the market. In fact, these people own a lot; they will send the market insane by selling a fraction of their assets.

There are currently quite 25 mln people worldwide that own Bitcoins, consistent with this study. curiously enough , it only takes around 0.153 BTC to be within the top 30 percent of Bitcoin holders in terms of the quantity owned. To be within the top one-hundredth , you ‘only’ got to have 15 BTC to your name.

Should I buy Bitcoin

One of the items Bitcoin is understood for is its volatility. It’s no stranger to huge and rapid rises as well as dramatic declines. In mid-December 2017 the cryptocurrency reached its all-time high, surpassing the $19,850 mark, only to crumble and fall below $12,000 within mere days and drop below $7,000 by February. At some point, it’s value dropped by a whopping $2,000 in a single hour.

There’s no telling what Bitcoin’s price will be in a years time. It could, in theory, drop down to almost zero, it could stay roughly the same as it is now, or it could rise again, doubling, tripling, quadrupling in value or soaring tenfold. No one can accurately predict what’s going to happen, no matter how well they understand the technology or how much market analysis they’ve done.

For instance, John McAfee is so confident in Bitcoin’s bright future, he posted a tweet saying that he’ll eat his, erm, private part on national television if one BTC won’t be worth at least $500,000 in three years time. Warren Buffet, on the opposite hand, predicts that Bitcoin will certainly come to a nasty ending.