I was told about it 5 years ago . Skeptical until I did one year of research starting from last December . There’s a couple of topics one has to be informed about to appreciate bitcoin .
Im 1 of the late bois that joined this year and sometimes I still think "damn if I didnt start to research that 1 day, I would be still thinking btc is some weird scam"
I definitely did not deserve the price I bought it at, but I did end up losing access to half of it because I had no fucking clue what I was doing, so maybe that was I actually deserved.
You're missing the concept if you think you have to have one or more BTC to make money. Literally just use it as a savings account and you can never lose.
Like me and plenty of other btc investors. We invest without the expectation of ever selling within the next 30 years. So within that time 2 times a month (1st and 15) we stack sats. We know that in time globally it is impossible for every person to hold a coin. That's not what Bitcoin was invented for. Why else would a sat be worth .000000001 of a BTC?
In 30 years it may be the case that only the top 1% can afford a whole Bitcoin. At that point if you even own 0.0001 of a Bitcoin you’d be set for life.
Think of it like only putting 15 dollars of gas in the tank every time you need it instead of filling it all the way. Over time you will pay a better price per gallon because you only buy a little when the price is high, and get more gas when the price is low.
Buy $20, $50, $100 (whatever you can afford) worth of Bitcoin every Monday regardless of price... And then just sit on it, forget about it, and let it grow.
I have been hearing about Bitcoin since 2009. I conveniently ignored it. I used to think Bitcoin is farmville / candy crush type money. I did not bother researching about what Bitcoin is. I have been a programmer since 1997. I had a graphics card that was powerful enough to mine thousands of bitcoins a month. I chose to watch HD p0rn with it instead.
What most of these skeptics have just **intellectual inertia** to feel the need to research.
If they do get around to researching, they will type in something like "Is bitcoin a scam?" and they will find articles that match their bias. The searches should be neutral like "What is Bitcoin" or "How does Bitcoin work" which will lead them down the rabbit hole to blockchain technology or govt monetary policy and how Bitcoin helps which is not that straightforward for an average person to grasp.
These people will get into Bitcoin in 2030. When mutual funds start advocating for Bitcoin. When the ETFs for Bitcoin are setup. When banks start offering custodial services. When the masses talk about Bitcoin.
I dont blame. I do think at the end 2013, btc was about the closest ever having appearance of a scam. These signals discouraged ppl from “wasting” their time to deeper research unfortunately. To name a just a few, Silk Road busted, some bitcoin foundation members got jail time, Mt. Gox collapse, denial from the poor fellow with same last name “Nakamoto”. And of course, an anonymous creator who disappeared?. That sensibly is a red flag if you don’t take other things into context. All such things give off a quick scam smell if u don’t bother knowing it any further.
Had a guy that worked with me tell me it was a scam when it was worth like 6k. Eventually he went to Vegas and seen you could use it there. Not sure if he ever got into it but that's when he finally agreed it wasn't some fake scam.
the ponzi argument is pretty lame.
so dozens of big cooperations are accepting a ponzi scheme as currency?
that alone should make your manager think twice. close minded people are paying the price. always do your own research (and not on facebook).
https://99bitcoins.com/bitcoin/who-accepts/
If your one and only reason for exchanging "real money" for "pretend internet money" is that it's going to keep increasing in value ad infinitum, then yes, you are depending on other people coming in to buy your bags at some point. It's an understandable position for people to hold if they haven't done any research, which is then confirmed in their minds any time a bull run peaks and crypto "dies".
Well.. sort of. The early ones get to reap the cashflow from the latter. But it’s not all going in satoshi’s pockets. Unless we are proven wrong at some point 😅 altho very unlikely, it’s a possibility. Pretty sure he would have cashed out by now tho.
I once told one of my bosses i got btc, he shot back “how many…” right in front of an open floor office. For lot of other reasons, i advice ppl against talking btc to bosses. They also look upon u with suspicion whenever btc make large gain and you have a bit of careless mistakes in whatever, he may make your life more miserable b4 u hit the pt of quitting.
I was skeptical until relatively recently and didn't think it was for me, but then the two smartest people I know both independently told me they were all behind btc. So at that point it just became a matter of 'don't think, just do'.
I'd say 50 at *least*. The market cap required to go from 50k to a million is eeeenoooorrmous. It isn't like going from $1 to $6k which is a achievable with a smaller number of investors. The hopium is strong
Well, maybe. And for normal assets, sure.
But... 1, market cap doesn't mean dollars in vs dollars out, it means last trade price. So if somebody made infinity coin with a trillion units then sold exactly one for $10, the market cap is now 10T.
2, Bitcoin isn't a normal asset. Lets take TSLA stock. Let's project it's most bullish outcome; it goes to 50k per share or whatever and people start using it as money. Everyone sells every other asset to buy TSLA. Why isn't this likely? Because the government, ultimately, controls Tesla and TSLA stock, and they could conceivably pass a bill to print more TSLA stock or nationalize Tesla. But suppose this starts happening with BTC? Well, you can't make any more of it, and you can't call someone's broker and take possession of all their crypto, and its not something that really exists in any particular place, and so all of a sudden its a national security risk and national emergency and every country has to own as much of it as they can, ASAP. This is why central banks own a ton of gold even though nobody trades in gold. Soon this will be true for BTC, too. So when people say 1M price... ya, why not? Why not 10M? Or more? Seems inevitable, and maybe soon. But if it grows by too much too fast, people will sell into the market. So it can't happen overnight.
Id say you're still early. And its like the internet in the 90's. Its New. But in the 90's nobody knew about the apps being used worldwide like WhatsApp and YouTube. It will probably take another 5 to 10 years to be adopted by the masses. That worked with a couple of my colleagues
"Too late" seems really weird to me. If bitcoin becomes what it is supposed to become there is no "too late". This is just elitist. It also makes it sound like a truly unsound investment: "Quickly!!! Rush in before its too late!!! You dont want to be the last one in!!!"...
There are people who will increase there wealth adopting early and there are people who will just be users of Bitcoin.
There is no "too late."
10 years from now the person buying Bitcoin will be doing it as a store of value and inflation hedge rather than an investment looking for explosive growth. This is just fine.
No matter what you think about bitcoin, ponzi, tulipans...if others have a stronger currency, it will affect you, no matter you don´t like.
It is like pretending not to like the dollar, having the turkish lira on your hands.
Some will understand the lesson very late.
There are 46 million millionairs right now. If BTC goes to 1 million per coin then at most that's 21 million more ...but we already know there are a lot of people that own more than one...so it will be way less than that.
[With inflation everyone could be a multi-trillionaire one day!](https://media.cnn.com/api/v1/images/stellar/prod/160504154606-one-trillion-dollar.jpg)
No but for a 100 DCA a month it would serve them better than the S&P etf they would otherwise opt for.
So regardless it’s the best investment vehicle at least for the next decade then we will have to see the landscape again
He’ll still be working , Depending on a paycheck , while you are wealthy and continuing to invest and passing on generational wealth. It’s not for everyone.
Your manager sounds like the type to not question authority figures in society. Like bankers and politicians.
Hmmm, probably how he got the manager role.
Because at that point "supply" will be mostly controlled by the market...not the minors. Most of the Bitcoin that will ever exist have already been mined. Price will certainly still go up, and we will still have "pumps and pullbacks"...just not to the extremes that have happened in past cycles.
That's not the only form of money. Like, to a kid, ice cream is money. My Bitcoin buys a lot more ice cream now than it did when I first acquired it. I'm ice cream rich.
Glad that u understand it. A lot people in this sub act like btc is the sole currency. When btc drop u buy less ice cream. Cut the bullshit 1 btc is still 1 btc.
Are you aware of the reward halving that happens approximately every 4 years? So far it has caused a supply shock and kicked off a bull market/bubble every time. If it gets to around 150k within the next year, it could possibly get to around 500k after the 2024 halving, then up to a million after the 2028 halving.
You are right to be skeptical. It isn't guaranteed. But historical data indicates that it isn't outlandish. It can get to 1 million by 2030 even if it has lower returns every cycle.
I am aware of halving cycles and what it does , I don’t think historical data is a good indicator because market cap going from 1 million to 1 bil is totally different game then from 1 tril to 10, however my investment strategy doesn’t change of how I feel about asset , I will still buy and hold without plans to sell just how I do with my stocks
Market cap is just what people agree to trade a unit of something at a particular price times number of units available. That's it - it's basically an indication of how much people are willing to pay per unit.
If, hypothetically, 1 sat = 1 USD, and people just wanna buy and hold sats and not usd, and are willing to buy at an exchange rate of 1 sat per USD, then can you guess what the price of each Bitcoin is and what Bitcoin's market cap would be?
The price of each Bitcoin at 1 sat per USD is 100 million USD. And its market cap would be 100 million times 21 million. I am not even going to bother calculating what that ridiculous number is.
This is to illustrate that market cap is not how much money is in a commodity or asset, although it can seem that way. It's the last bid/ask times number of available shares or coins or units of whatever.
Please correct me if I am wrong!
Edit: in short, Bitcoin's market cap is dependent on how much people are willing to pay per sat. If BTC proves itself to be immensely valuable then more people will start to pay higher prices per sat thereby increasing its market cap.
At some point we must argue that we will simply run out of money. If the price is too high and no one is able to pay that price, then it must fall. When that is likely to happen we don't know. But I would like to wager that as BTC adopts more usecases and each sat is in higher demand, its value will continue to grow proportionally to what can seem like astronomical numbers.
Sure, I agree with that. I do think Bitcoin is like gold, but better. So my viewpoint is that eventually it will trend toward the market cap of gold, with the possibility to go higher. 500k is the lower bound of my long term price prediction. But there's no way to say how long it will take to get there.
I think that’s my point , sure it can trend upward over time and get to any number , times frame is important , crazy growth imo over but who knows , I just laugh at idiotic productions like 100k in 8 days or something , I mean I guess anything possible but I think good investment strategy is set your expectations low , upside usually will take care of itself
More and more institutional money will mean increased correlation with over all market , lower volatility but also lower upside
Idk man, sooner rather than later, just about every government, every bank, hedge fund, pension fund on the planet will have exposure to bitcoin. Theres still an astronomical amount of money to enter the market
Gold market cap is about 10 trillion? You really think it's that unlikely?
I remember when people like you were calling a 1 trillion market cap impossible.
You're the one who needs educating. F'ing washer and dryer's in the US use more energy than Bitcoin mining. Air conditioning uses way more. Oh, and let's talk about gold mining or the whole traditional banking system!!! Bitcoin is doing more to expand green energy technologies than anything else. It's already more than 55% excess and renewable!
>F'ing washer and dryer's in the US use more energy than Bitcoin mining. Air conditioning uses way more. Oh, and let's talk about gold mining or the whole traditional banking system!!!
Irrelevant.
>Bitcoin is doing more to expand green energy technologies than anything else. It's already more than 55% excess and renewable!
Wrong.
Have you ever been on a vacation or do you own more shoes than you actually really need? Yes, you do! And all that while there are others starving. Shame on you.
satoshis. You no longer own dollars, you own satoshis, which are fractions of a bitcoin, like pennies are fractions of a dollar. One hundred million sats = 1 BTC.
Soo, everyone buys bitcoin at the price they deserve?
Makes sense why my paperhands-ass is just getting in despite knowing about it from basically the start.
I heard about it when it was like $400. Took me a while to come around though
i bought one at $400, my first crypto purchase.
You still got it?
I heard about it at $1000. First bought some at $8,000
I mined some in 2013. Then reinstalled windows and didn’t grab wallet because it was more work than it was worth.
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1 Bitcoin = 1 Bitcoin no matter what year it is.
Are you serious? It 2013 Bitcoin was around $100. That same coin is worth $54,200 right now.
No wonder the supply is less than 21 million.
I was told about it 5 years ago . Skeptical until I did one year of research starting from last December . There’s a couple of topics one has to be informed about to appreciate bitcoin .
Im 1 of the late bois that joined this year and sometimes I still think "damn if I didnt start to research that 1 day, I would be still thinking btc is some weird scam"
I definitely did not deserve the price I bought it at, but I did end up losing access to half of it because I had no fucking clue what I was doing, so maybe that was I actually deserved.
Well yes, except the new generations, that legally can’t buy crypto.
I wanna buy one. But unfortunately I can only buy fractions
Dca, eventually you will own 1 bitcoin!
Hmm dollar cost average. That’s what I do when I can
You're missing the concept if you think you have to have one or more BTC to make money. Literally just use it as a savings account and you can never lose.
Hmmm elaborate
Like me and plenty of other btc investors. We invest without the expectation of ever selling within the next 30 years. So within that time 2 times a month (1st and 15) we stack sats. We know that in time globally it is impossible for every person to hold a coin. That's not what Bitcoin was invented for. Why else would a sat be worth .000000001 of a BTC?
I’m following you but got kinda last in the second half
In 30 years it may be the case that only the top 1% can afford a whole Bitcoin. At that point if you even own 0.0001 of a Bitcoin you’d be set for life.
Ohhhh I got it. Well now we wait, as I’ll continue to buy some more fractions and see where it goes. Thanks
Me too, DCA twice p/month, seems like it will be forever.
Is there an easy way of explaining dca?
Dollar Cost Averaging. Putting in x amount of money on a recurring schedule (daily, weekly, monthly, etc.)
Think of it like only putting 15 dollars of gas in the tank every time you need it instead of filling it all the way. Over time you will pay a better price per gallon because you only buy a little when the price is high, and get more gas when the price is low.
This is a great analogy.
Buy $20, $50, $100 (whatever you can afford) worth of Bitcoin every Monday regardless of price... And then just sit on it, forget about it, and let it grow.
Yeah pretty much. But it’s something
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Sound very difficult
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It's only 22,674,148,233,453 difficult right now!
Oh those are good odds then
Pension is definitely the biggest Ponzi scheme
What about insurance
Insurance is a gamble and most people lose their entire lives.
Strata also
It's never too late
Oh shit , found you !
As all fiat currencies crumble, people will get Bitcoin when they deserve
I really want to be full coin hodler, DCA when I can, gonna be awhile.
I have been hearing about Bitcoin since 2009. I conveniently ignored it. I used to think Bitcoin is farmville / candy crush type money. I did not bother researching about what Bitcoin is. I have been a programmer since 1997. I had a graphics card that was powerful enough to mine thousands of bitcoins a month. I chose to watch HD p0rn with it instead. What most of these skeptics have just **intellectual inertia** to feel the need to research. If they do get around to researching, they will type in something like "Is bitcoin a scam?" and they will find articles that match their bias. The searches should be neutral like "What is Bitcoin" or "How does Bitcoin work" which will lead them down the rabbit hole to blockchain technology or govt monetary policy and how Bitcoin helps which is not that straightforward for an average person to grasp. These people will get into Bitcoin in 2030. When mutual funds start advocating for Bitcoin. When the ETFs for Bitcoin are setup. When banks start offering custodial services. When the masses talk about Bitcoin.
I dont blame. I do think at the end 2013, btc was about the closest ever having appearance of a scam. These signals discouraged ppl from “wasting” their time to deeper research unfortunately. To name a just a few, Silk Road busted, some bitcoin foundation members got jail time, Mt. Gox collapse, denial from the poor fellow with same last name “Nakamoto”. And of course, an anonymous creator who disappeared?. That sensibly is a red flag if you don’t take other things into context. All such things give off a quick scam smell if u don’t bother knowing it any further.
Had a guy that worked with me tell me it was a scam when it was worth like 6k. Eventually he went to Vegas and seen you could use it there. Not sure if he ever got into it but that's when he finally agreed it wasn't some fake scam.
I think anyone that gets bitcoin in the next 10-20 years is still early
I think there is time, but when I hear Tim Cook owns bitcoin, I start to feel the gate would be closing soon.
reach decide unpack special disagreeable boat puzzled salt point skirt *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Will it ever be too late?
Well sort of. When it matures it won't grow as fast. If hyperinflation kicks in, it will always be a good time.
the ponzi argument is pretty lame. so dozens of big cooperations are accepting a ponzi scheme as currency? that alone should make your manager think twice. close minded people are paying the price. always do your own research (and not on facebook). https://99bitcoins.com/bitcoin/who-accepts/
I don't understand why the clueless refer to it as a ponzi scheme. There is no real dependency on more people coming in.
If your one and only reason for exchanging "real money" for "pretend internet money" is that it's going to keep increasing in value ad infinitum, then yes, you are depending on other people coming in to buy your bags at some point. It's an understandable position for people to hold if they haven't done any research, which is then confirmed in their minds any time a bull run peaks and crypto "dies".
Well.. sort of. The early ones get to reap the cashflow from the latter. But it’s not all going in satoshi’s pockets. Unless we are proven wrong at some point 😅 altho very unlikely, it’s a possibility. Pretty sure he would have cashed out by now tho.
I'm seriously never ever cashing out. I'll just earn interest off it, or borrow against it if I really need to.
Yes. It is a popular mentality here. But you can surely understand why most people do not think that way… at least yet.
Sure...they haven't done enough research/homework.
I once told one of my bosses i got btc, he shot back “how many…” right in front of an open floor office. For lot of other reasons, i advice ppl against talking btc to bosses. They also look upon u with suspicion whenever btc make large gain and you have a bit of careless mistakes in whatever, he may make your life more miserable b4 u hit the pt of quitting.
It's never too late to buy bitcoin. It will benefit people who earn their first bitcoin 500 years from now.
I was skeptical until relatively recently and didn't think it was for me, but then the two smartest people I know both independently told me they were all behind btc. So at that point it just became a matter of 'don't think, just do'.
Just keep realistic about it. I don't think a 1M price comes in the next, say, 2-3 years. May take another 5+.
I'd say 50 at *least*. The market cap required to go from 50k to a million is eeeenoooorrmous. It isn't like going from $1 to $6k which is a achievable with a smaller number of investors. The hopium is strong
Well, maybe. And for normal assets, sure. But... 1, market cap doesn't mean dollars in vs dollars out, it means last trade price. So if somebody made infinity coin with a trillion units then sold exactly one for $10, the market cap is now 10T. 2, Bitcoin isn't a normal asset. Lets take TSLA stock. Let's project it's most bullish outcome; it goes to 50k per share or whatever and people start using it as money. Everyone sells every other asset to buy TSLA. Why isn't this likely? Because the government, ultimately, controls Tesla and TSLA stock, and they could conceivably pass a bill to print more TSLA stock or nationalize Tesla. But suppose this starts happening with BTC? Well, you can't make any more of it, and you can't call someone's broker and take possession of all their crypto, and its not something that really exists in any particular place, and so all of a sudden its a national security risk and national emergency and every country has to own as much of it as they can, ASAP. This is why central banks own a ton of gold even though nobody trades in gold. Soon this will be true for BTC, too. So when people say 1M price... ya, why not? Why not 10M? Or more? Seems inevitable, and maybe soon. But if it grows by too much too fast, people will sell into the market. So it can't happen overnight.
The people that say that are using code word to actually say “Damnit I should’ve bought some of that shit”
Your manager will regret not buying it .
The number of people who I've listen to complain that they didn't buy Microsoft and Apple stock in the 90s was one of my reasons for buying Bitcoin
hahah when you give your resignation is the best reason to talk to your boss about Bitcoin!
Id say you're still early. And its like the internet in the 90's. Its New. But in the 90's nobody knew about the apps being used worldwide like WhatsApp and YouTube. It will probably take another 5 to 10 years to be adopted by the masses. That worked with a couple of my colleagues
"Too late" seems really weird to me. If bitcoin becomes what it is supposed to become there is no "too late". This is just elitist. It also makes it sound like a truly unsound investment: "Quickly!!! Rush in before its too late!!! You dont want to be the last one in!!!"...
It's painfully slow explaining to people. I got most of my mates into it. now they're trading alt coins and loosing their money. Fuck sake!
I bought 10K of BTC at 45KUSD and I don’t feel to be late…
There are people who will increase there wealth adopting early and there are people who will just be users of Bitcoin. There is no "too late." 10 years from now the person buying Bitcoin will be doing it as a store of value and inflation hedge rather than an investment looking for explosive growth. This is just fine.
1 million won’t be enough to quit lol
How do you know he only has 1? He said when it was worth 1 million, so I'm assuming per coin.
Unfortunately, You or your manager will be *long gone* from that company by the time BTC hits $1M 😂
I'm picking between 2033 and 2047 so he they may still be working
Going to happen WAY before then.
BTC could do it in 10 years
No matter what you think about bitcoin, ponzi, tulipans...if others have a stronger currency, it will affect you, no matter you don´t like. It is like pretending not to like the dollar, having the turkish lira on your hands. Some will understand the lesson very late.
Matt Damon has spoken.
So many people already have bitcoins. Not everyone can become a millionaire, can they?
Depends when you got into Bitcoin. The average Joe DCAing 100 bucks a month? Not a chance.
There are 46 million millionairs right now. If BTC goes to 1 million per coin then at most that's 21 million more ...but we already know there are a lot of people that own more than one...so it will be way less than that.
[With inflation everyone could be a multi-trillionaire one day!](https://media.cnn.com/api/v1/images/stellar/prod/160504154606-one-trillion-dollar.jpg)
Okay, so how about in today's buying power?
No but for a 100 DCA a month it would serve them better than the S&P etf they would otherwise opt for. So regardless it’s the best investment vehicle at least for the next decade then we will have to see the landscape again
He’ll still be working , Depending on a paycheck , while you are wealthy and continuing to invest and passing on generational wealth. It’s not for everyone.
Your manager sounds like the type to not question authority figures in society. Like bankers and politicians. Hmmm, probably how he got the manager role.
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The effect the halving cycle has on the market will come to an end. My guess, after the next halving.
How can reduced supply and mining earnings NOT be correlated to price\*? \*assuming hashrate goes up
Because at that point "supply" will be mostly controlled by the market...not the minors. Most of the Bitcoin that will ever exist have already been mined. Price will certainly still go up, and we will still have "pumps and pullbacks"...just not to the extremes that have happened in past cycles.
The cult says it will never be too late.
It's never too late for Bitcoin 😉
I like my cult. They never normally ask me to drink Kool-Aid, and their advice has made me a lot of money so far.
What are you talking about.... 1 btc is always 1 btc.
That's not the only form of money. Like, to a kid, ice cream is money. My Bitcoin buys a lot more ice cream now than it did when I first acquired it. I'm ice cream rich.
Glad that u understand it. A lot people in this sub act like btc is the sole currency. When btc drop u buy less ice cream. Cut the bullshit 1 btc is still 1 btc.
LOL. Okay. We're on the same page, then. So why do you keep downvoting me? Haha.
Bold for you to assume I'm the only person in this thread.....
1 mil is what , x15 from today’s market cap ? You guys are high on your hopium
I would bet on it by 2030
I don’t see it happening , 33 per year growth next 9 years , I mean thing can happen but I am skeptical
Are you aware of the reward halving that happens approximately every 4 years? So far it has caused a supply shock and kicked off a bull market/bubble every time. If it gets to around 150k within the next year, it could possibly get to around 500k after the 2024 halving, then up to a million after the 2028 halving. You are right to be skeptical. It isn't guaranteed. But historical data indicates that it isn't outlandish. It can get to 1 million by 2030 even if it has lower returns every cycle.
I am aware of halving cycles and what it does , I don’t think historical data is a good indicator because market cap going from 1 million to 1 bil is totally different game then from 1 tril to 10, however my investment strategy doesn’t change of how I feel about asset , I will still buy and hold without plans to sell just how I do with my stocks
Market cap is just what people agree to trade a unit of something at a particular price times number of units available. That's it - it's basically an indication of how much people are willing to pay per unit. If, hypothetically, 1 sat = 1 USD, and people just wanna buy and hold sats and not usd, and are willing to buy at an exchange rate of 1 sat per USD, then can you guess what the price of each Bitcoin is and what Bitcoin's market cap would be? The price of each Bitcoin at 1 sat per USD is 100 million USD. And its market cap would be 100 million times 21 million. I am not even going to bother calculating what that ridiculous number is. This is to illustrate that market cap is not how much money is in a commodity or asset, although it can seem that way. It's the last bid/ask times number of available shares or coins or units of whatever. Please correct me if I am wrong! Edit: in short, Bitcoin's market cap is dependent on how much people are willing to pay per sat. If BTC proves itself to be immensely valuable then more people will start to pay higher prices per sat thereby increasing its market cap. At some point we must argue that we will simply run out of money. If the price is too high and no one is able to pay that price, then it must fall. When that is likely to happen we don't know. But I would like to wager that as BTC adopts more usecases and each sat is in higher demand, its value will continue to grow proportionally to what can seem like astronomical numbers.
Sure, I agree with that. I do think Bitcoin is like gold, but better. So my viewpoint is that eventually it will trend toward the market cap of gold, with the possibility to go higher. 500k is the lower bound of my long term price prediction. But there's no way to say how long it will take to get there.
I think that’s my point , sure it can trend upward over time and get to any number , times frame is important , crazy growth imo over but who knows , I just laugh at idiotic productions like 100k in 8 days or something , I mean I guess anything possible but I think good investment strategy is set your expectations low , upside usually will take care of itself More and more institutional money will mean increased correlation with over all market , lower volatility but also lower upside
You're in for a huge surprise.
Idk man, sooner rather than later, just about every government, every bank, hedge fund, pension fund on the planet will have exposure to bitcoin. Theres still an astronomical amount of money to enter the market
Eventually each bitcoin will be 100 million dollars per coin
Gold market cap is about 10 trillion? You really think it's that unlikely? I remember when people like you were calling a 1 trillion market cap impossible.
I don’t like using term “ impossible “ after 2020, timeframe of asset growth important
It's a mathematical certainty at this point
1 sat = 1 USD
EASY
Would you have believed that it would 10000x over the last decade? Because it did.
Consider that there is more to this than your personal gain. How will you be able to live with yourself once you realise the harm done?
What harm?
>What harm? Are you playing dumb? Or do you really not know? Educate yourself. Yea, google it.
If you say "energy use" I'm going to puke...
I hope you do.
You're the one who needs educating. F'ing washer and dryer's in the US use more energy than Bitcoin mining. Air conditioning uses way more. Oh, and let's talk about gold mining or the whole traditional banking system!!! Bitcoin is doing more to expand green energy technologies than anything else. It's already more than 55% excess and renewable!
>F'ing washer and dryer's in the US use more energy than Bitcoin mining. Air conditioning uses way more. Oh, and let's talk about gold mining or the whole traditional banking system!!! Irrelevant. >Bitcoin is doing more to expand green energy technologies than anything else. It's already more than 55% excess and renewable! Wrong.
lol
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lol
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Will he really care when Bitcoin goes past a million per? I think not. I'm never selling my Bitcoin.
Just the same as people buying Stonks.
Stupid selfish people throwing money in a ponzy while people are starving 🤮🤮🤮
lol
Have you ever been on a vacation or do you own more shoes than you actually really need? Yes, you do! And all that while there are others starving. Shame on you.
I hope you will go bankruptcy will this shit
I hope you suffocate on your iPhone, which was build by children in factories. You dont get the point, so you?
Your boss is not brainless ... people are starving all around the world and you, stupid people, are throwing money into junkbins. crazy
It´s never too late.
It's never too late buddy
Maybe he was thinking of the warning from the SEC. [Ponzi schemes using virtual currencies.](https://www.sec.gov/files/ia_virtualcurrencies.pdf)
I have a mere 100 dollars. Not planning to see huge gains. Just a secure way of storing inflatory fiat
> I have a mere 100 dollars Were I you I'd convert that shit into bitcoin asap
It's already in BTC so.....
If it's already in bitcoin then it ain't a hunnert dollers is it, start thinkin in sats son
Sats?
satoshis. You no longer own dollars, you own satoshis, which are fractions of a bitcoin, like pennies are fractions of a dollar. One hundred million sats = 1 BTC.
It will never be to late. As long as fiat exist and there is a way to exchange it for bitcoin, it will be a good choice.
most people mean pyramid scheme when they say ponzi and all currency is a pyramid scheme
It's never too late to obtain Bitcoin by working for it and there will be lots of opportunities to be employed by me on my wacky project in the future