Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 17/01/2018, 21:13:40 UTC
About 40 percent of bitcoin is held by perhaps 1,000 users

Got any data to go with your wild assertion?

Not that I think you're _wrong_, mind you. I just think you're spouting nonsense. I bet you never questioned where you heard that 'statistic'. amirite?

Bloomberg is the source.
I feel they are trustworthy.

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

mmhhmm, mmm hmmm....

Looks like the 'source' did not originate with Bloomberg (like they'd really know anyhow...):

Quote
About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown,

OK , and Aaron Brown is...?

Oh:
Quote
former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.)

... well, that seals the deal right there. How can one question not only a Bloomberg, but an actual Prophet?

Sorry, unconvincing so far. Shall we read on? From whence did our esteemed Mr. Brown derive this nugget of truth?

Quote
...
...

...

Nope. Still not seeing it. This looks to be merely one of the multitudinous 'bits of veracity' floating around this space. One that everyone 'knows to be true', yet nobody ever bothers to verify.

Until you kick forth a primary source, I'm calling bullshit.