New study detects lottery-like behavior in cryptocurrency markets

Re:New study detects lottery-like behavior in cryptocurrency... by africanboy on Saturday April 03, 2021 @12:32PM (#26682354)

don't worry, you'll understand it one day.

do you own BTC?

anyway, you don't have to believe me (again)

> According to bitinfo, which tracks the total number and value of bitcoin addresses, 75% of addresses are home to less than 0.01 bitcoin, and 97.54% have a balance of less than one bitcoin

hardly nonsense

[ Parent | on HN ]

Re:New study detects lottery-like behavior in cryptocurrency... by celticninja on Monday April 05, 2021 @05:35AM (#26696982)

You conflate addresses with users. It's not good practice to keep all your coins on one address.

I understand it fine.

[ Parent | on HN ]

Re:New study detects lottery-like behavior in cryptocurrency... by africanboy on Saturday April 10, 2021 @01:44PM (#26763359)

I don't

It's bitcoiners that do that.

if they said there are 6 millions addresses but it's actually a couple thousands entities holding them, it would be too obvious that bitcoins serve an insignificant portion of the society, usually already very rich.

The fact that having a single address it's not good practice it's proof that bitcoins are inherently unsafe

imagine if bank said "it's good practice to own many bank accounts". how many people would trust them with their money?

[ Parent | on HN ]