Due to the fixed supply of Bitcoin, we can estimate that only 1 percent of the world’s population can own more than 0.22 BTC. In this video I will demonstrate this clime by using first grade math and give you my opinion if bitcoin if undervalued or overvalued.
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You want to be in 1% of the rich countries, not just 1% on the total people on Earth... so let's say 1% of 1 billion people (UE, EFTA, USA, Canada, Australia, N-Z, Japan, South Corea...) then you have to own more or less 1.5 BTC
btc will Always be 1 i dont doubt that, ETN will top 5 aswell sooner than we think , Pivx i see a good top 5 coin going to be aswell it got btc gen in it it forked of monero also private will be in future a big profiter aswell on the top standing
The only problem with this argument is every coin and token can be evaluated the same way, regardless of utility. In addition, since BTC utility is limited, you should also count the forks as they're nearly equivalent to stock splits.
I had 2 Bitcoin, but I sold one because I needed the money for another investment. I didn’t want to take a loan. I will not sell the other one. Actually since I only have one Bitcoin, I actually feel less stressed. Aimstone as usually puts out good content.
If BTC were the only crypto out there, then this would makes sense, but it isn't. There is an almost unlimited supply of mineable alt coins with btc properties an more. This argument does not hold water, sorry folks.
Incomeking time to find out? It’s been 10 years bud. Microsoft accepted btc at one point, Elon musk lets u buy his products with it, the intercontinental exchange committee is working with Starbucks to implement its wide usage within a few months. Some states here in the US even let you pay your taxes in btc. The notion that it is a scam is just totally stilly.
A good example is social media like facebook when it first started. With no one using it, it’s pretty worthless and useless. But as more traffic comes in people are able to communicate with one another, with people they know or even meet new people, now all of a sudden it has value. The value in btc is being able to transfer funds to anyone at anytime to any where in the world without any middle man. Just like social media, a lot of the value comes from the network itself.
Brian Corcoran unlimited? There’s about 2000. And of those 2000 only a small portion are mineable. And of that small amount, only a handful have the potential to be worth a damn thing, many are scams or trash pump n dump coins. At least 60% of the coins started in 2017 have failed, the statistics are worse for older coins.
he has something to buy and hold a point. and never let yourself be fooled by what others say follow your own instinct and keep thinking about things just like what mcafee says. crypto / blockchain is definitely bigger than the internet. but that must be discovered by each one himself 🚀
We still don't know which markets bitcoin will takeover, if any at all. It could possibly replace all international transfers, but only if it isn't replaced by a better cryptocurrency. I'm sure blockchain technology and cryptocurrencies will have a huge role to play in the future, the question is: What will it replace and which coins will succeed. After the last crash / correction it's best to focus on crypto projects that actually show progress and stick to their deadlines. I won't say which ones because then I'd be labeled a shill.
Its almost about that Time of the year where Bitcoin gets to Sky Rocket, so many people are ignorant, they are staying on the sideline, waiting for a move up and the right time to get in. I suspect that the rise will happen in a very short period of time, leaving those waiters behind and their fomo reaction will push the price even higher, so that they will end up under water when btc is consolidating, I know the price will speed up more, then bleed off and have an extended winter and actually go lower than current lows... Then as it goes higher, All we need to do is invest what we’re Holding and make more profit, So we don’t feel the lost in fall of price when it happens again, I discovered a comment of someone giving Accolades to Charles Garry and also thanking him for helping him increase his Portfolio from having 3.4BTC to 16BTC So i contacted him, Behold I have made 20Btc in less than one month with his working strategies, if you have lost so much during fall or want to increase your portfolio like me, Reach him on *Email/hangout [email protected] .COM or via telegram (+1-631-620-6929) and thank me later
Let's leave Satoshi Nakamoto and his 1mil Bitcoin alone! I would think that his problems/concerns/inspirations/ are not what we imagine! Maybe he is dead, maybe he doesn't even care for Bentleys orLambos, maybe the banks and the governments want to find his identity and bust the hole he is hiding in! Maybe the press would love to shove a mike in front of his face! Maybe he is waiting to save Bitcoin with his wealth when the banks and the governments find the way to destroy it (and then they will find the way back in our hearts). Maybe he is not from around here. Who cares? Bitcoin is a force for good, and now every person on this planet has an equal opportunity with strictly defined rules without any rulers, and ALL THESE MIDDLEMEN (MOOCHERS) WILL HAVE TO GET A REAL JOB!!! THANK YOU SATOSHI!!! The only weird question that haunts me is "What is the value and purpose of all these weird sh*tcoins which came along and they are all supposedly better than Bitcoin?" fake, copycats, bullsh*tters, shenanigans, schmucks or allies? How can they be allies when they seem so fake?! Their motto doesn't resonate "Back to the future where we invent Bitcoin and invest early!" F*CK THEM!
Lol probably not lying I fucked up myself looked up coin market cal saw events and thought about going all in on these alts all in this order as also noticed a trend that the pump groups were pumping low supply coins first I saw MFT for some reason I entered at 92 sats set a sell order at 140 sats would have flipped my 0.24 into about 0.33 but I sold for almost no profit. Then I in this order I didn’t pull the trigger VIBE, ENJ, OST and DATA so dumb I would have easily made 2-3 BTC moral of the story is trust your intuition and buy shit coins with low supply with upcoming events and you’ll grow your portfolio. The weird thing is I expected these coins to got X2 I was depressed for days now I’m down to 0.083 BTC but I’ll make it back and then some.💪
I just had a thought. Since no one knows who Satoshi nakamoto is........ could it then be possible that it was created by the government and released to the public as a plan to erase or payback all the debt they have created. They created it knowing how huge it would become because of the limited supply factor and If the SMART people could see the Forrest from the trees and buy as much as they could afford then over the next decade the wealth transfer will occur. I don't believe there will be a cashing out as the top 5-10 cryptos will be accepted as a form of payment. Just think about where we could all be if we didn't sell anything for the next 5-10 yrs when the rest of the population are trading there fiat money for crypto to pay for shit lol 😃
Crypto God this thought process is natural and has been discussed, debated and theorized more than enough times. It’s very possible. But... who really cares. We use their money anyway. Their old money (fiat) looses value and in fact, has already crashed. So... may as well get on the new train. If, that is the case.
The math takes into account many Bitcoin is lost but then it doesn't take into account many people of the world population are little children that haven't learned how to even read this message yet, let alone be capable of buying & hodling Bitcoin.
Yes, don't fool yourself. It's still very, very early. There is a real chance Bitcoin out-competes fiat currencies and becomes global money. In that case 1 single bitcoin would be worth several millions dollars.
It doesn't have to be a world currency...it can easily stay a speculative market and still carry ever bit of growing value just like it has been since it's creation. Then trade it back to any currency needed
Hey guys. Let me explain this in the simplest way. I know I'll get heat for this but I'd rather give you guys some real world examples to explain.
If a BTC ETF passes. Then scarcity won't matter. Imagine an I O U. When gold got its ETF it went up but was quickly manipulated as these I O U's make it so that circulating supply doesn't matter. Gold and BTC have a lot in common but if we get our ETF we will regretfully acquire, we will ruined the 21 million circulating supply with
I O U's that are pegged to the current BTC price. So, imagine these I O U's are just being printed but claim to have a pegged value to BTC. It skews the line between an IOU and a BTC.
If the next pump happens after an ETF approval, these pump n dump's are as good as gone. & if they're gone then so goes the opportunity to sell at the top, 75% drop, then buying at the bottom again.
I think you need to subtract the 6 million lost BTC from the current supply...17mill - 6mill = 11 million BTC currently in circulation. 11mill / 76 mill = .15 BTC or $975 is 1%.
Also if you use the 11mill as current supply that would make the price of BTC $10.381....if we jumped to that price I think that would mark the end of the bear market. ;)
In my opinion, bitcoin has no future because it's high fee,slow transfer rate,on the other hand like XRP,TRON & TOKENPAY ARE FATSER Than BTC and very low fee with high use case.if i am wronge then please make video on it and clear this concept and give answer to me what is the reason btc can survive in future.
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