Category: Rich List

Bitcoin Rich List

Published / by Josh Edwards / Leave a Comment

When talking about the bitcoin rich list, it means those platforms that holds the largest share of bitcoins. Bitcoin market is so extensive and the distribution of bitcoin vary as well. There are a number of platforms which hold a specific amount of bitcoin just because it has a large pool of users transacting using these bitcoins. Being on top of the list means that a platform has the highest number of bitcoins moving in and from the platform. Now, have you wondered who owns the top position when it comes to the bitcoin rich list? If not, then sit back and wait for the list.

Bittrex cold wallet

At number one, we have the Bitfinex cold wallet. This is one of the richest shareholder as far as bitcoin holding and transaction is concerned. What does Bitfinex hold in total? By the year 2017, Bitfinex held more than 172,236 BTC and this had a value of about $1,306, 198,161 USD. This was then the biggest value of Bitcoin. During this date, the total number of invested bitcoins was valued at 4983 and the number of outgoing bitcoins were 4083. From this platform, you can realize that the ins are almost equal to the outs and this is what people love more about it.

Binance wallet

At number two of our list is the Binance wallet. Binance wallet is basically a platform that comes second as far as BTCs is concerned. The amount of BTC in mind 2018 were estimated at 158,779 BTC and this was valued at $1,204,145,846. One of the amazing thing is that it seems that there are more ins than outs in this platform. For instance, during this period, the number of ins were 141 BTC and those that went out were 56. This was a big margin.

Bitrex cold wallet

At number three is the Bittrex cold wallet. It is one of the Cryptocurrency platform that holds 117,203 BTC and this is valued at $888,840,904. If we compared it with the Binance, you will notice that it has less BTC is its disposal and the value is lower as well. This is why Bittrex is at number three with 151 possible ins and 62 outs.

Huobi wallet

On the other hand, Huobi wallet is another platform that holds 98,042 and this was valued at $743,531, 466 as at June 2, 2018 where the estimated ins were 182 and the outs at 9. This is basically the top four as far the bitcoin list is concerned.

Can I get rich with Bitcoin?

Published / by Josh Edwards / Leave a Comment

This is one of the biggest question that potential investors have been asking before they can buy or sell bitcoins. Now, I am sure also that at some point in life, you have asked yourself the same question especially when someone tells you to try bitcoin trading. Now this is such a hard question but it can be answered by those who have invested in bitcoins as well. However, just like any other investment, working with bitcoins is not a bed or roses because there are also potential or unforeseen loses associated with it.

Some of the people have concluded the fact bitcoins trade is all about taking risk and some people have concluded that it is also all about one’s luck. Some of us are lucky while some of us are not. One person, a friend, per say, can simply invest in bitcoins and end an extremely wealthy person while others may invest and end up a poor fellow. Success is all about timing and with that idea, you need to time the right moment for you to buy bitcoins and time right time so that you can sell the same bitcoins at a profit.

Yes, you can get rick if only you will operate with the golden rule which says, “Buy low”, “sell high”. So to become rich with bitcoins, you need to be strategic and tactical at all times. This means that when others are avoiding buying you come in and buy more. Then when others are greedy buying, sell them to them at a price higher that the buying price. Getting rich with bitcoins is all about creating a value for your bitcoins. Therefore, yes, you can get rich if you will follow the later golden rule of buying low and selling high.

Considering that bitcoin is the most recognized among all the other cryptocurrencies, you have a chance of getting rich simply because it has a wider convex of audience. Whenever there are more and more players within the system, it means that you can sell you bitcoin at a very good value higher that what you bought at. This is the basis of getting rich. For instance if you bought bitcoins at let say $0.054 and the sell to a multitude of users at say $10 per bitcoin, this means that the value of your bitcoin will have appreciated more than what you might have expected. This will certainly make you rich with bitcoins.