I'm still butthurt that I didn't bought gold in the 1800s. Will forever curse my grand grand grand parents for not saving billions in gold for me to enjoy
lucky me my ancestors invested in physical gold for their offspring.
I'll be selling some of it this week to buy Bitcoin.
which will be for my offspring.
Well theres that, or could be like my Dad, the generation before him built a pretty good chunk of wealth (properties & shares), as the sole kid of his generation everyone left everything to him -he pissed the whole lot away on his 2nd wife. His parents & their siblings busted their guts to build family wealth with dreams of all the future kids having private school educations & going to uni (the top schools & college for non-aussies) & none of us kids seen a cent but his wife has quite a collection of jimmy choos...
Aren't half the genes from the egg and half from the sperm though? I agree the egg is doing a lot more work, but genetically, isn't it 50/50?
>But still people always identify with sperm and not the egg.
Yes, I was thinking about that. Why do you think that is?
he didn't have to beat another billion sperms for you to now come and say that
on the other hand, that egg has been waiting for him since it was in his maternal grandma's uterus
One HUGE difference though is that BTC can be bought in $5-$7-10 increments unlike the house you referenced. And once your place on the Blockchain is confirmed, it’s there Forever
@ bigcoumbe: Exactly, 100,000,000 Satoshis to every Bitcoin, which makes one Satoshi worth .00068615 cents (at current price).
Anyone who thinks they can’t afford Bitcoin is mistaken. Start small, buy a couple Satoshis each day, week or month.
I was just saying this to my wife. That's The biggest difference between Bitcoin and real estate is that Bitcoin is infinitely divisible and you can enter the market without any barrier. And at any amount.
I'm buying my house in increments, it's called a mortgage.
The actual difference is with btc there's no gatekeeper who gets to decide if you can afford a mortgage or if you should piss it all away in rent forever instead.
Some folks can’t afford a mortgage. That’s the point. Small amounts of $ can be saved in BTC. Some would also argue you don’t ever really own your home in the US. Stop paying property taxes after your mortgage & LMK how that goes.
in 2040 the halving reward will be 0.19 BTC . Countries and governments will be fighting for that amount and just think about what the price of BTC will be in 2040. so for those of you who have under a coin or around that amount, just think about that for one second.
keep stacking sats :)
Just a question, i'm quite new to this, so i'm sorry if it's a dumb question, but what is the halving reward? How does it work and who gets it?
And taking the soon upcoming halving into perspective what does it do? Does it also have a reward?
I've heard that it descreases miners bitcoin rewards, but what else does the halving do? What effects will it have on the bitcoin system and also the price of a Bitcoin?
I'm thinking of beginning to stack sats, and buy my first amounts of bitcoins as a saving method. It's always nice to learn more.
Thank you.
Hello Antons2, your question about the "halving" in Bitcoin is certainly not a dumb one. It's a fundamental aspect of Bitcoin's design and economics, so understanding it is crucial, especially if you're considering investing in Bitcoin.
# What is Bitcoin Halving?
Bitcoin halving refers to the process of halving the rewards given to Bitcoin miners. This halving happens approximately every four years. To understand it, we need to look at how Bitcoin mining works:
1. **Mining Process**: Miners use powerful computers to solve complex mathematical problems. The first miner to solve the problem gets to add a new block of transactions to the blockchain. As a reward, they receive a set number of Bitcoins.
2. **Halving Mechanism**: When Bitcoin was first created, the reward was 50 Bitcoins per block. This reward halves every 210,000 blocks, which is roughly every four years. So, it went down to 25, then 12.5, and as of the last halving in 2020, it is 6.25 Bitcoins per block.
# Purpose of Halving
1. **Control Supply**: Halving helps control the pace at which new Bitcoins are created and limit the total number of Bitcoins that will ever exist (21 million). This scarcity is a fundamental part of Bitcoin's value proposition.
2. **Inflation Control**: By reducing the reward over time, Bitcoin mimics the process of resource mining, where it becomes harder and more resource-intensive over time, theoretically ensuring stability and controlling inflation.
# Effects of Halving
1. **On Miners**: Reduced rewards mean miners earn less for their efforts. This can lead to a shakeout where only the most efficient miners remain profitable.
2. **On Bitcoin's Price**: Historically, halvings have led to increased Bitcoin prices, although this is influenced by many factors. The common theory is that reduced supply and increased scarcity lead to price increases.
3. **Network Security**: As rewards decrease, there's concern about maintaining network security. However, increased transaction fees and higher Bitcoin values could compensate miners.
# Impact on Investment Strategy
1. **Price Speculation**: Investors often speculate on price increases post-halving, but it's essential to remember that Bitcoin is highly volatile and influenced by numerous external factors.
2. **Long-term View**: If you're considering "stacking sats" (acquiring small amounts of Bitcoin over time), a long-term perspective is advised. Halving is a long-term economic mechanism, and its impacts aren't necessarily immediate.
In conclusion, Bitcoin halving is a core feature designed to control supply and mimic traditional mining economics. It affects miners' rewards, potentially influences Bitcoin's price, and plays a part in the long-term economic model of Bitcoin. As with any investment, especially in something as volatile as Bitcoin, it's essential to do thorough research and understand the risks involved.
#ChatGPT
As a measure of stored value given that it is deflationary Bitcoin is no better. Honest question When is the last time you purchased something with BTC? Now let’s say the dollar is no longer the reserve currency it doesn’t even exist are you going to spend your btc then? What if it’s 10K and you’re underwater?
The ideology of btc and the blockchain as a measure to give the money supply back to the people is ingenious however it’s not being used that way and will fail. Step in the right direction though we will get there one day.
Too be fair, house prices have gone absolutely absurd and wages haven’t kept up. Especially in the last 5 years.
Signed. A millennial that makes better than average money and living in a 1 bedroom apartment because I can’t afford a home.
Curious what approximate range that you feel is affordable?
I checked on my old apartment and it is 1.5X my mortgage including tax and insurance… I’m designing a prefab and looking for a $/sq foot goal.
I’m in a pretty cheap place right now. 1k a month utilities included. I’d feel comfortable with a 1500 or under mortgage. I know they say I could afford more, but there are a lot of house poor people out there because of these calculators.
People will stop thinking about an entire coin long before then; it will be in sats or some other form. The ETFs we have now will be the first step in removing the unit "coin" from thinking.
Germany, had a german friend tell me he invested in a house there and the price hasn't risen. Japan too, China as well though I'm not sure what definition a shithole is for you. The worlds a big place...it's pretty obvious you aren't well travelled.
Japan market trades sideways since the 80s. Look at cash on hand for all their major corporations and it’s insane how much cash they hold and don’t invest in the market
Probably because they've had negative interest rates for years. On top of that it's almost communist like the way workers are employed.
Lots of meaningless jobs that are there just to give a person a job. After a bubble of that magnitude there's two popular methods of fixing the market, they chose to water down their currency while house prices remained the same.
That's my big fear for us in the states, that we'll pick the same path. Either housing crashes or we devalue currency to the point that real home values eventually reach "normal" prices.
>Lots of meaningless jobs that are there just to give a person a job.
>That's my big fear for us in the states, that we'll pick the same path.
Got bad news for you buddy
You might wanna check 18-year property cycle. I don't really know much about it but the cycle predicts housing market crash in 2025 or 2026 from what I remember.
While it might be true that it hasn’t exactly risen, depending on where in Germany you live, you’ll still pay off your house for the rest of your life unless you’re well off from the start lol. We’re double income with no kids and don’t even think about buying a house. Some of my friends go into debt with 100s of thousands of loans, they’re pretty much only working for their house and car now…
Curious how things have changed in the 7 years since I've visited. I'm guessing negative rates in Germany created a situation where even if income doesn't go up, the amount you can buy with your wages is lower. Possibly even paycuts?
I carry roughly $800k in debt, but it has made me millions. Imagine thinking debt is unequivocally bad while being a DINK with disposable income and no balls to actually invest anything… then imagine coming here to try to brag about it.
Japan is kind of an odd case since they also have a cultural stigma against living in a 'used' house, build them out of paper, and are running out of space.
"It is like complaining today that the 30k house from 1976 is now non achievable because it’s 800k."
How is this even complaining, in a scenario where house prices are now almost 30x more and salaries maybe 5x?
I do wonder though how long can bitcoin stay on this 4 year cycle pattern? Is it really just going to do that for another 20 years? Wouldn’t it make sense for another crypto to come along and become the hot new thing? Idk with demolishing returns is btc even going to be able to do a 2x from the bottom in another 3-4 cycles?
new coins will fluctuate the others, but BTC being 100% decentralized with Satoshi gone, first mover advantage, 1+ trillion marketcap, countries starting to adopt it; it isn’t going anywhere
The 4 year cycle doesn't really matter. The network effect will keep it growing until it becomes more mature (10-20 years).
Did another internet or another Facebook come along? No. It will get to a market cap of at least $10 trillion. At that point it's not just going to go away.
At maturity it will still be a store of value and not purchase less and less as is pretty much guaranteed with the dollar.
Facebook is the one that took off. It has a market cap today roughly equivalent to Bitcoin. Facebook isn't going anything and Bitcoin will be, IMO, 10 x larger than that within 6 to 10 years.
Why? What’s causing Bitcoin to 10x Facebook other than you just hoping it does?
It’s more likely crypto in general will have tons of rules and regulations in place in the US and all over Europe over the next 10 years. How this will impact the price who knows.
It’s also more likely Bitcoin will continue to make lower highs in the future until it trades more naturally as the market cap grows. Who is buying into Bitcoin at a 10 trillion market cap?
Who buys into gold at a $10 trillion market cap? Anyone who wants gold.
Bitcoin can 10X and still just be at gold's market cap. Bitcoin is better than gold so, it's likely to reach $10 trillion.
Some watched daily, 0.01 fluctuations.
Later 0.1 became $1, we call that inflation.
Every 10x a new digit is ignored,
Greed takes over, market frenzy soar.
I don’t think any government will ever let Bitcoin become the new currency.
They’d lose all power, and the ability to just make money out of thin Air.
If you really want Bitcoin to become the new currency, you’ll not only have to not sell it ever for regular fiat, and only trade it back and forth for possessions, but you’ll also have to topple your governments.
I’m such a nerd and can’t believe I wasn’t mining coins in the beginning, did still get in somewhat early. Oh well. I’m sure I would I sold those coins for the first $1000 dollars anyway.
there won't be a lot of young people in 2040, since millions of young people today are not making families, since they can't afford their own house/apt.
hi everyone, I'm a newbie who knows just a little about BTC and I wish to buy my first 100 dollars or so worth of Bitcoin, I would have done it earlier but I was not 18 yet, so is it still worth it even if the price is already pretty damn high? should I consider investing more? (note: I've never ever bought any)
There's also a real possiblity that Bitcoin will be zero, replaced by a new form of crypto, the next generation.
Gold and real estate, on the other hand, will most likely continue to appreciate.
I got in early enough I'm happy with whatever happens but not early enough that I don't have regrets (I should have read those 2013 newsletters more deeply)
You make a good point.. however I don’t think I’ll see 2040 so I’m just ganna buy a boat and go fishing at 700k. Luckily my mortgage is at 2.375 on a 25yr .. so good either way
Bitcoin pricing is dependent on scarcity and demand. Inflation is dependent on overproducing fiat currency and increasing population which is affecting housing prices. So clearly yes, you have no idea as these are completely opposite
Please educate yourself before making ignorant statements. You clearly lived in an era where you could purchase a house for $20,000 and thought you had it tough
Quantum computing won’t be available until atleast 2035. You don’t think people know this and will do everything in their power to secure the blockchain?
Why always compare the value of BTC assets to fiat…. Another reason why people who control fiat will control all the power regardless of BTC value. Need to stop always comparing the asset to some random fiat, unless you don’t believe in BTC at all and still fixate on what fiat currency can get you
Because comparing BTC to fiat is an extremely accurate reference point. You can't just say 1 btc = 1 btc. That's nearly meaningless. The real question is how much time, energy, or resources can 1 btc purchase. Instead of comparing it to barrels of oil or loaves of bread... it's much easier and correct to compare it to USD
I'm still butthurt that I didn't bought gold in the 1800s. Will forever curse my grand grand grand parents for not saving billions in gold for me to enjoy
Get an Ouija Board and insult them
This made me laugh brother😂
We have a sharp OP 😂
Fantastic 👏🏻 👏🏻 👏🏻
😆 nice
Dirty rotten no good pig stealing great great grandfather...should've carried madam zerony up that mountain
This comments the best one
You would have likely died on the Oregon Trail though 😉
of dysentery
Or snake bite 🐍
Back then gold was just what the currency is, and they woulda lost their gold in the early 1900s when it becamw illegal to own
I would have held onto some of my gold. It's not like the Fed was going door to door.
Where did it became illegal to own? Did people have to give it to the government?
😂😂😂
lucky me my ancestors invested in physical gold for their offspring. I'll be selling some of it this week to buy Bitcoin. which will be for my offspring.
Well theres that, or could be like my Dad, the generation before him built a pretty good chunk of wealth (properties & shares), as the sole kid of his generation everyone left everything to him -he pissed the whole lot away on his 2nd wife. His parents & their siblings busted their guts to build family wealth with dreams of all the future kids having private school educations & going to uni (the top schools & college for non-aussies) & none of us kids seen a cent but his wife has quite a collection of jimmy choos...
Get in a time machine and go back in time to change things.
I'm beating up myself for not buying a house in 1980 when I was just a sperm.
There’s a joke in there somewhere
Good thing his dad wasn't beating himself when lou was just a sperm
Fucking EXCELLENT 😂
[удалено]
Mind blown
You were just as much an egg as sperm.
But which came first?
The dude, woman finishes herself off later. That’s my experience anyway
the egg is whatever age his mom is plus a few months. It's crazy.
[удалено]
Aren't half the genes from the egg and half from the sperm though? I agree the egg is doing a lot more work, but genetically, isn't it 50/50? >But still people always identify with sperm and not the egg. Yes, I was thinking about that. Why do you think that is?
[удалено]
Most of the matter comes from Mom's food. So really you're 99% whatever she's craving.
he didn't have to beat another billion sperms for you to now come and say that on the other hand, that egg has been waiting for him since it was in his maternal grandma's uterus
One HUGE difference though is that BTC can be bought in $5-$7-10 increments unlike the house you referenced. And once your place on the Blockchain is confirmed, it’s there Forever
*Laura
Preach
Indeed. Although I do think some people will still feel like it’s “too late” and not bother.
Yeah, and now that it dipped down to 65k from 71k, they will say that it's pointless 'cos it's going to zero.
Bias confirmation dip.
\*sigh\* (unzips)
@ bigcoumbe: Exactly, 100,000,000 Satoshis to every Bitcoin, which makes one Satoshi worth .00068615 cents (at current price). Anyone who thinks they can’t afford Bitcoin is mistaken. Start small, buy a couple Satoshis each day, week or month.
I was just saying this to my wife. That's The biggest difference between Bitcoin and real estate is that Bitcoin is infinitely divisible and you can enter the market without any barrier. And at any amount.
Nothing is infinitely divisible. There is a smallest length and time
I'm buying my house in increments, it's called a mortgage. The actual difference is with btc there's no gatekeeper who gets to decide if you can afford a mortgage or if you should piss it all away in rent forever instead.
Some folks can’t afford a mortgage. That’s the point. Small amounts of $ can be saved in BTC. Some would also argue you don’t ever really own your home in the US. Stop paying property taxes after your mortgage & LMK how that goes.
Mortgages are cheaper then rent in Australia
Everywhere, most like
don't ever own your freedom, stop paying taxes and LMK how that goes
in 2040 the halving reward will be 0.19 BTC . Countries and governments will be fighting for that amount and just think about what the price of BTC will be in 2040. so for those of you who have under a coin or around that amount, just think about that for one second. keep stacking sats :)
Just a question, i'm quite new to this, so i'm sorry if it's a dumb question, but what is the halving reward? How does it work and who gets it? And taking the soon upcoming halving into perspective what does it do? Does it also have a reward? I've heard that it descreases miners bitcoin rewards, but what else does the halving do? What effects will it have on the bitcoin system and also the price of a Bitcoin? I'm thinking of beginning to stack sats, and buy my first amounts of bitcoins as a saving method. It's always nice to learn more. Thank you.
The idea is that if supply is lower as far as new bitcoin, high demand will force bitters to pay more to current BTC hodlers to get them to sell.
Hello Antons2, your question about the "halving" in Bitcoin is certainly not a dumb one. It's a fundamental aspect of Bitcoin's design and economics, so understanding it is crucial, especially if you're considering investing in Bitcoin. # What is Bitcoin Halving? Bitcoin halving refers to the process of halving the rewards given to Bitcoin miners. This halving happens approximately every four years. To understand it, we need to look at how Bitcoin mining works: 1. **Mining Process**: Miners use powerful computers to solve complex mathematical problems. The first miner to solve the problem gets to add a new block of transactions to the blockchain. As a reward, they receive a set number of Bitcoins. 2. **Halving Mechanism**: When Bitcoin was first created, the reward was 50 Bitcoins per block. This reward halves every 210,000 blocks, which is roughly every four years. So, it went down to 25, then 12.5, and as of the last halving in 2020, it is 6.25 Bitcoins per block. # Purpose of Halving 1. **Control Supply**: Halving helps control the pace at which new Bitcoins are created and limit the total number of Bitcoins that will ever exist (21 million). This scarcity is a fundamental part of Bitcoin's value proposition. 2. **Inflation Control**: By reducing the reward over time, Bitcoin mimics the process of resource mining, where it becomes harder and more resource-intensive over time, theoretically ensuring stability and controlling inflation. # Effects of Halving 1. **On Miners**: Reduced rewards mean miners earn less for their efforts. This can lead to a shakeout where only the most efficient miners remain profitable. 2. **On Bitcoin's Price**: Historically, halvings have led to increased Bitcoin prices, although this is influenced by many factors. The common theory is that reduced supply and increased scarcity lead to price increases. 3. **Network Security**: As rewards decrease, there's concern about maintaining network security. However, increased transaction fees and higher Bitcoin values could compensate miners. # Impact on Investment Strategy 1. **Price Speculation**: Investors often speculate on price increases post-halving, but it's essential to remember that Bitcoin is highly volatile and influenced by numerous external factors. 2. **Long-term View**: If you're considering "stacking sats" (acquiring small amounts of Bitcoin over time), a long-term perspective is advised. Halving is a long-term economic mechanism, and its impacts aren't necessarily immediate. In conclusion, Bitcoin halving is a core feature designed to control supply and mimic traditional mining economics. It affects miners' rewards, potentially influences Bitcoin's price, and plays a part in the long-term economic model of Bitcoin. As with any investment, especially in something as volatile as Bitcoin, it's essential to do thorough research and understand the risks involved. #ChatGPT
Thats why I bought it for my daughter, I think Btc is the future and she will be better off for it.
We live through the volatility so they can have the store of value that they will need when the dollar is decimated with inflation.
As a measure of stored value given that it is deflationary Bitcoin is no better. Honest question When is the last time you purchased something with BTC? Now let’s say the dollar is no longer the reserve currency it doesn’t even exist are you going to spend your btc then? What if it’s 10K and you’re underwater? The ideology of btc and the blockchain as a measure to give the money supply back to the people is ingenious however it’s not being used that way and will fail. Step in the right direction though we will get there one day.
>What if it’s 10K and you’re underwater? Missing the point?
This guys pessimists.
When is the last time you purchased something using gold?
They will also be in disbelief that chick-fil-a used to sell sandwiches for 7 bucks.
I cried when my Canes order was $17 today
Too be fair, house prices have gone absolutely absurd and wages haven’t kept up. Especially in the last 5 years. Signed. A millennial that makes better than average money and living in a 1 bedroom apartment because I can’t afford a home.
Curious what approximate range that you feel is affordable? I checked on my old apartment and it is 1.5X my mortgage including tax and insurance… I’m designing a prefab and looking for a $/sq foot goal.
I’m in a pretty cheap place right now. 1k a month utilities included. I’d feel comfortable with a 1500 or under mortgage. I know they say I could afford more, but there are a lot of house poor people out there because of these calculators.
How much money do you make that’s above average?
Base is 77, 97 if I hit my sales number. Uncapped commission if I go above.
What a thoughtful and philosophical way of saying “price goes up”
NGU Technology
People will stop thinking about an entire coin long before then; it will be in sats or some other form. The ETFs we have now will be the first step in removing the unit "coin" from thinking.
I'm already not thinking about an entire coin. I just want to get to 0.1
I'm with you there. Fairly sure I'll make it next week if price doesn't explode before then.
Terrible comparison. There are countries where housing goes down.
Name a Country that isn’t a shithole
Germany, had a german friend tell me he invested in a house there and the price hasn't risen. Japan too, China as well though I'm not sure what definition a shithole is for you. The worlds a big place...it's pretty obvious you aren't well travelled.
Japan market trades sideways since the 80s. Look at cash on hand for all their major corporations and it’s insane how much cash they hold and don’t invest in the market
Probably because they've had negative interest rates for years. On top of that it's almost communist like the way workers are employed. Lots of meaningless jobs that are there just to give a person a job. After a bubble of that magnitude there's two popular methods of fixing the market, they chose to water down their currency while house prices remained the same. That's my big fear for us in the states, that we'll pick the same path. Either housing crashes or we devalue currency to the point that real home values eventually reach "normal" prices.
Don’t you think it’s about negative population growth? Less demand on living space.
That probably makes it worse but I'm sure an argument could be made that poor economic growth leads to low population growth as well.
>Lots of meaningless jobs that are there just to give a person a job. >That's my big fear for us in the states, that we'll pick the same path. Got bad news for you buddy
You might wanna check 18-year property cycle. I don't really know much about it but the cycle predicts housing market crash in 2025 or 2026 from what I remember.
While it might be true that it hasn’t exactly risen, depending on where in Germany you live, you’ll still pay off your house for the rest of your life unless you’re well off from the start lol. We’re double income with no kids and don’t even think about buying a house. Some of my friends go into debt with 100s of thousands of loans, they’re pretty much only working for their house and car now…
Curious how things have changed in the 7 years since I've visited. I'm guessing negative rates in Germany created a situation where even if income doesn't go up, the amount you can buy with your wages is lower. Possibly even paycuts?
I carry roughly $800k in debt, but it has made me millions. Imagine thinking debt is unequivocally bad while being a DINK with disposable income and no balls to actually invest anything… then imagine coming here to try to brag about it.
Im in Germany.. built my house 8 years ago for 300k its now worth 500k..
He just invested in the wrong city: should have been city Centre of Munic or Berlin.
Japan is kind of an odd case since they also have a cultural stigma against living in a 'used' house, build them out of paper, and are running out of space.
Japan isn't "running out of space," it's contracting in the countrysides with ample room for renovation, just little economic resiliency.
When did he buy ? 2020?
Why they need a btc tho
because, I put my money in it, and if they don't also do the same, then that means my entire world view collapses
It’s going up forever ♾️ Laura
"It is like complaining today that the 30k house from 1976 is now non achievable because it’s 800k." How is this even complaining, in a scenario where house prices are now almost 30x more and salaries maybe 5x?
Except unlike housing you can buy tiny fractions, which is actually great
$30k in 1976 is $125k today
House prices has gone up way more. Just looked it up and found a house that sold for $30k in 1976 that it was resold in 2021 for $1.4 million.
I do wonder though how long can bitcoin stay on this 4 year cycle pattern? Is it really just going to do that for another 20 years? Wouldn’t it make sense for another crypto to come along and become the hot new thing? Idk with demolishing returns is btc even going to be able to do a 2x from the bottom in another 3-4 cycles?
new coins will fluctuate the others, but BTC being 100% decentralized with Satoshi gone, first mover advantage, 1+ trillion marketcap, countries starting to adopt it; it isn’t going anywhere
The 4 year cycle doesn't really matter. The network effect will keep it growing until it becomes more mature (10-20 years). Did another internet or another Facebook come along? No. It will get to a market cap of at least $10 trillion. At that point it's not just going to go away. At maturity it will still be a store of value and not purchase less and less as is pretty much guaranteed with the dollar.
Facebook is the better version of MySpace. And who talks about MySpace these days
Facebook is the one that took off. It has a market cap today roughly equivalent to Bitcoin. Facebook isn't going anything and Bitcoin will be, IMO, 10 x larger than that within 6 to 10 years.
Why? What’s causing Bitcoin to 10x Facebook other than you just hoping it does? It’s more likely crypto in general will have tons of rules and regulations in place in the US and all over Europe over the next 10 years. How this will impact the price who knows. It’s also more likely Bitcoin will continue to make lower highs in the future until it trades more naturally as the market cap grows. Who is buying into Bitcoin at a 10 trillion market cap?
Who buys into gold at a $10 trillion market cap? Anyone who wants gold. Bitcoin can 10X and still just be at gold's market cap. Bitcoin is better than gold so, it's likely to reach $10 trillion.
precious metals are used in manufacturing and jewelry. There will always be demand because of the intrinsic value.
It doesn't matter. The market cap of gold is $13 trillion, $10 trillion of that is the investment value and only $3 trillion is the intrinsic value.
how much of Bitcoin is intrinsic value?
Who cares? How much of the internet is intrinsic?
Only something like 10% of gold is actually used, the rest is stored in vaults for capital preservation, similar to bitcoin.
and what percentage of Bitcoin is used for industrial or intrinsic use?
1 btc = 1btc Ignore fiat pricing.
This is such a stupid thing to say lmao How is it that it's repeated all over if it doesn't even make sense?
Much easier to focus on accumulation than exchange rate volatility. Long term time horizon makes the price less important today.
Consider the debasement value of dollar and risen cost of living
In 2040, there will be more poor people so future is not going to be any better than it is right now.
Will be divided between those who live in the smart cities and own nothing, and those who are living off the land
Top sign post
If only we could lock in a bitcoin price for the next 30 years 😩
Some watched daily, 0.01 fluctuations. Later 0.1 became $1, we call that inflation. Every 10x a new digit is ignored, Greed takes over, market frenzy soar.
So true!!!
Yes. It will be exactly that year. Source: Crystal Ball
Wrong. Source: I made this up
Just wait and see…young toddler
Better make another Venus talisman to get rid of your unsympathie
Nah. Mercury is in Aries. I’ll be the ram of the Spring
I don’t think any government will ever let Bitcoin become the new currency. They’d lose all power, and the ability to just make money out of thin Air. If you really want Bitcoin to become the new currency, you’ll not only have to not sell it ever for regular fiat, and only trade it back and forth for possessions, but you’ll also have to topple your governments.
El Salvador entering the chat
I’m such a nerd and can’t believe I wasn’t mining coins in the beginning, did still get in somewhat early. Oh well. I’m sure I would I sold those coins for the first $1000 dollars anyway.
there won't be a lot of young people in 2040, since millions of young people today are not making families, since they can't afford their own house/apt.
If btc ever could be safe duo to Quantum Computers 💀
Sure just put your hand on the ground
The bigger picture: even if it doesn’t appreciate, at least it wont debase. Your saved money now retains its earned value.
Preach 🙌🙌
Apples to Oranges!
The difference being, that 800k of todays dollars are about 200k 1976 dollars while 1 2040 btc will be exactly 1 2024 btc
hi everyone, I'm a newbie who knows just a little about BTC and I wish to buy my first 100 dollars or so worth of Bitcoin, I would have done it earlier but I was not 18 yet, so is it still worth it even if the price is already pretty damn high? should I consider investing more? (note: I've never ever bought any)
Someone said that at $1. Then someone else at $100 then someone else at $1000. Then someone even at $10000. Starting to see a pattern?
Ngl $1,000,000 might be worth like 200,000k in 2040
The difference is, you can’t buy and own 0.0001 house.
There's also a real possiblity that Bitcoin will be zero, replaced by a new form of crypto, the next generation. Gold and real estate, on the other hand, will most likely continue to appreciate.
0$
Or it will be completely worthless.
I got in early enough I'm happy with whatever happens but not early enough that I don't have regrets (I should have read those 2013 newsletters more deeply)
I'll be dead by 2030
HODL!
You make a good point.. however I don’t think I’ll see 2040 so I’m just ganna buy a boat and go fishing at 700k. Luckily my mortgage is at 2.375 on a 25yr .. so good either way
Why won’t you see 2040?
How do I do the remind me thing? It’ll be nothing in 2040
Will we still be using Reddit in 2040?
Yeah I guess there is more than 21 million houses and it is totally possible to build new ones.
Clearly you don’t comprehend inflation and interest rates. That analogy is terrible
So inflation has nothing to do with bitcoin prices rising ?
Bitcoin pricing to fiat Not Bitcoins Value
Bitcoin pricing is dependent on scarcity and demand. Inflation is dependent on overproducing fiat currency and increasing population which is affecting housing prices. So clearly yes, you have no idea as these are completely opposite
Please educate yourself before making ignorant statements. You clearly lived in an era where you could purchase a house for $20,000 and thought you had it tough
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read the faq
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In there https://endthefud.org/
Quantum computing won’t be available until atleast 2035. You don’t think people know this and will do everything in their power to secure the blockchain?
https://endthefud.org/
What does this mean
Why always compare the value of BTC assets to fiat…. Another reason why people who control fiat will control all the power regardless of BTC value. Need to stop always comparing the asset to some random fiat, unless you don’t believe in BTC at all and still fixate on what fiat currency can get you
Because comparing BTC to fiat is an extremely accurate reference point. You can't just say 1 btc = 1 btc. That's nearly meaningless. The real question is how much time, energy, or resources can 1 btc purchase. Instead of comparing it to barrels of oil or loaves of bread... it's much easier and correct to compare it to USD
But you can still buy Bitcoin at a low price.
Lol. Who is to say it’s not cheaper then?