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Title: 2/3 of All Bitcoin Mined! Post by: lyth0s on March 28, 2015, 09:34:02 PM We are about 1 day away from 2/3 of bitcoins being mined that will ever exist (14,000,000 out of 21,000,000).
A day of celebration similar to that of the next halving event :) https://blockchain.info/charts/total-bitcoins?timespan=all&daysAverageString=1&scale=0&address= Title: Re: 2/3 of All Bitcoin Mined! Post by: LiteCoinGuy on March 28, 2015, 09:46:34 PM Title: Re: 2/3 of All Bitcoin Mined! Post by: Meuh6879 on March 28, 2015, 10:25:26 PM ;D now, people must have pay the price to get unbanked ...
Title: Re: 2/3 of All Bitcoin Mined! Post by: BillyBobZorton on March 29, 2015, 12:03:29 AM We are about 1 day away from 2/3 of bitcoins being mined that will ever exist (14,000,000 out of 21,000,000). Wow I didn't realize about that, I only have the halving on my calendar, this is a pretty huge landmark. Another big reminder that you are clinically insane to not hold a couple BTC by now.A day of celebration similar to that of the next halving event :) https://blockchain.info/charts/total-bitcoins?timespan=all&daysAverageString=1&scale=0&address= Title: Re: 2/3 of All Bitcoin Mined! Post by: logisticlove on March 29, 2015, 12:16:48 AM 2/3, let's hope 14 is a lucky number.
Title: Re: 2/3 of All Bitcoin Mined! Post by: TheGr33k on March 29, 2015, 12:42:01 AM 2/3, let's hope 14 is a lucky number. well everyone knows year 14 was lucky for bitcoi.....Title: Re: 2/3 of All Bitcoin Mined! Post by: gentlemand on March 29, 2015, 12:54:33 AM 2/3, let's hope 14 is a lucky number. well everyone knows year 14 was lucky for bitcoi.....In a few years everyone who was there will look back and chuckle. Or weep. Or indulge in a family annihilation. Title: Re: 2/3 of All Bitcoin Mined! Post by: logisticlove on March 29, 2015, 12:55:08 AM 2/3, let's hope 14 is a lucky number. well everyone knows year 14 was lucky for bitcoi.....Price wise, no. Adoption wise, hell yes. Title: Re: 2/3 of All Bitcoin Mined! Post by: ScreamnShout on March 29, 2015, 01:44:40 AM A historic moment good to be with the community.
Title: Re: 2/3 of All Bitcoin Mined! Post by: jonald_fyookball on March 29, 2015, 01:47:13 AM freakin sweet. well. all is going according to plan. still time to get on board the train but it is slowly but surely speeding up.
Title: Re: 2/3 of All Bitcoin Mined! Post by: Bit_Happy on March 29, 2015, 01:47:49 AM Happy 2/3'rds everyone!
I am happier to be at 2/3 than 100%, since we are probably not ready for that, yet. Title: Re: 2/3 of All Bitcoin Mined! Post by: Josef27 on March 29, 2015, 01:49:32 AM Sweet! What would happen if all bitcoin mined then?
I hope bitcoin still spreading and expanding, makes the coin still valuable Happy 2/3! Title: Re: 2/3 of All Bitcoin Mined! Post by: 50ouncebrew on March 29, 2015, 03:33:35 AM So what will happen when its all gone :o
Title: Re: 2/3 of All Bitcoin Mined! Post by: Vod on March 29, 2015, 04:14:12 AM So what will happen when its all gone :o You'll still be able to mine coin from transaction fees. Title: Re: 2/3 of All Bitcoin Mined! Post by: Kprawn on March 29, 2015, 06:35:24 AM Yey.... To think we will not see the last coin mined. :(
If Bitcoin keep it's current position on the top of all crypto currencies.... We will see crazy prices for our hodled bitcoins. ;D ;D ;D It's still a huge landmark and we should celebrate it with a virtual party.. Next round of virtual drinks are on me. ;D ;D ;D Title: Re: 2/3 of All Bitcoin Mined! Post by: Mobius on March 29, 2015, 06:52:41 AM Happy 2/3 day bitcoin! Now for the halving countdown.
Title: Re: 2/3 of All Bitcoin Mined! Post by: Brewins on March 29, 2015, 06:58:43 AM Good for the ones that managed to get in BTC few years ago.
But I guess the newcomes might not be really happy with this. Please don't stress this fact while trying to attract new people to BTC Title: Re: 2/3 of All Bitcoin Mined! Post by: Vhawk23 on March 29, 2015, 07:03:18 AM Wow, 2/3 Bitcoins has been mined, if it's reached 3/3....
then, no other bitcoins? so that means Bitcoin mining will die soon... If bitcoin mining died, then mining hardware will be worthless... so Bitcoin is limited, but not today, it will... Title: Re: 2/3 of All Bitcoin Mined! Post by: marcotheminer on March 29, 2015, 07:07:41 AM Wow, 2/3 Bitcoins has been mined, if it's reached 3/3.... then, no other bitcoins? so that means Bitcoin mining will die soon... If bitcoin mining died, then mining hardware will be worthless... so Bitcoin is limited, but not today, it will... You will still be able to mine from transaction fees. Title: Re: 2/3 of All Bitcoin Mined! Post by: Vhawk23 on March 29, 2015, 07:11:39 AM Wow, 2/3 Bitcoins has been mined, if it's reached 3/3.... then, no other bitcoins? so that means Bitcoin mining will die soon... If bitcoin mining died, then mining hardware will be worthless... so Bitcoin is limited, but not today, it will... You will still be able to mine from transaction fees. If we mine from transaction fees, will a new bitcoin born and given to us Or, we just got paid from already mined bitcoin? Title: Re: 2/3 of All Bitcoin Mined! Post by: Amph on March 29, 2015, 07:14:35 AM less coins in circulation, the more the chance that the price will rise
let's hope that the price wil rise by 2/3(i doubt lol) Title: Re: 2/3 of All Bitcoin Mined! Post by: sickpig on March 29, 2015, 07:50:54 AM Wow, 2/3 Bitcoins has been mined, if it's reached 3/3.... then, no other bitcoins? so that means Bitcoin mining will die soon... If bitcoin mining died, then mining hardware will be worthless... so Bitcoin is limited, but not today, it will... You will still be able to mine from transaction fees. If we mine from transaction fees, will a new bitcoin born and given to us Or, we just got paid from already mined bitcoin? Title: Re: 2/3 of All Bitcoin Mined! Post by: teukon on March 29, 2015, 07:52:08 AM By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.
Title: Re: 2/3 of All Bitcoin Mined! Post by: calme on March 29, 2015, 08:01:19 AM 14 is the luckiest number that has ever existed and all people will agree. It is the number you get when unlucky 13 is over with and is like a new beginning. Kind of like how in '13 the opportunity to buy cheap BTC was taken from us but '14 made it better and everyone cheered.
Title: Re: 2/3 of All Bitcoin Mined! Post by: Lauda on March 29, 2015, 08:10:34 AM Sometimes I don't even realize how many Bitcoins have been mined. I somehow keep thinking of the supply as it was in '12/'13. Those were the days. :)
By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events. Or 69 weeks, 4 days, 17 hours, 30 minutes to go. http://bitcoinclock.com/ Although I do think that it will come sooner, the ETA has been decreasing. Since I've been following the website, I've seen it be mid August, early August now it's late July. Title: Re: 2/3 of All Bitcoin Mined! Post by: LiteCoinGuy on March 29, 2015, 08:16:23 AM So what will happen when its all gone :o you will be dead then. Title: Re: 2/3 of All Bitcoin Mined! Post by: calme on March 29, 2015, 08:32:31 AM 2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.
Title: Re: 2/3 of All Bitcoin Mined! Post by: CrackedLogic on March 29, 2015, 08:40:34 AM This 2 thirds took just over 6 years. This next third is going to take somewhere between 120-135 years from now. That's a massive jump. The first block halve starts sometime in July next year I think. After that, things become really slow.
Title: Re: 2/3 of All Bitcoin Mined! Post by: snafflecoin on March 29, 2015, 08:45:43 AM HAPPY 2/3rds day woo
Title: Re: 2/3 of All Bitcoin Mined! Post by: dserrano5 on March 29, 2015, 09:54:17 AM Although I do think that it will come sooner, the ETA has been decreasing. Since I've been following the website, I've seen it be mid August, early August now it's late July. I've been following it too, and keeping the results :). Code: Mon Sep 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes) Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results: Code: Mon Dec 1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200 Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016. Title: Re: 2/3 of All Bitcoin Mined! Post by: mikewirth on March 29, 2015, 10:54:21 AM Holy shit Batman! We are running out of Bitcoin already? I haven't even got my miner from KnC yet.
By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events. Also, in nearly every type of counting system, '2' comes just before '3'. Title: Re: 2/3 of All Bitcoin Mined! Post by: Trent Russell on March 29, 2015, 11:01:47 AM I got a mysterious alert with this link about Qeditas:
https://bitcointalk.org/index.php?topic=998559.0 (https://bitcointalk.org/index.php?topic=998559.0) It looks like there will be a snapshot when the 2/3 block occurs for a Peter R style spin-off. I'm glad I don't keep coins on exchanges! Title: Re: 2/3 of All Bitcoin Mined! Post by: --Encrypted-- on March 29, 2015, 11:07:12 AM I'll be looking forward to see the rising of the price soon. well... maybe
2140 is actually less than 125 years from now, so I'm not so sure they'd be dead. well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something. Title: Re: 2/3 of All Bitcoin Mined! Post by: bg002h on March 29, 2015, 02:28:08 PM The remaining bitcoins to be released are 50% of the current supply. I like having well defined bounds on inflation.
Title: Re: 2/3 of All Bitcoin Mined! Post by: calme on March 29, 2015, 02:38:58 PM unless we come up with a technology to increase our lifespan or something. http://www.calicolabs.com (http://www.calicolabs.com)http://www.sens.org (http://www.sens.org) http://2045.com (http://2045.com) http://www.alcor.org (http://www.alcor.org) 8) Title: Re: 2/3 of All Bitcoin Mined! Post by: Lauda on March 29, 2015, 03:09:56 PM I'll be looking forward to see the rising of the price soon. well... maybe This does not matter. People are looking at things the wrong way. We have problems that need solving right now. Worrying about events that will occur in 100 years is illogical. 2140 is actually less than 125 years from now, so I'm not so sure they'd be dead. well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something. I've been following it too, and keeping the results :). I've wanted to do that, but was always too lazy. Looking great, keep it up!Code: Mon Sep 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes) Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results: Code: Mon Dec 1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200 Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016. Title: Re: 2/3 of All Bitcoin Mined! Post by: zcxvbs on March 29, 2015, 03:42:44 PM less coins in circulation, the more the chance that the price will rise let's hope that the price wil rise by 2/3(i doubt lol) 2/3 Bitcoin mined and 3/4 value lost regarding to the highest price($1000). Title: Re: 2/3 of All Bitcoin Mined! Post by: CrackedLogic on March 29, 2015, 05:02:46 PM 2/3 Bitcoin mined and 3/4 value lost regarding to the highest price($1000). Remember - Bitcoin was never supposed to reach that price so early. It hit $1000 as of the willy bot. The Price was manipulated. I'd say we're about $100-$150 undervalued at this point in time. Title: Re: 2/3 of All Bitcoin Mined! Post by: bensam12345 on March 29, 2015, 05:26:26 PM Wow nice :D
Title: Re: 2/3 of All Bitcoin Mined! Post by: Minerjoe on March 29, 2015, 06:54:17 PM I missed that one. Well, the remaining 7 mill ll last 20 years. No worries.
Title: Re: 2/3 of All Bitcoin Mined! Post by: jonald_fyookball on March 29, 2015, 08:36:42 PM I'll be looking forward to see the rising of the price soon. well... maybe This does not matter. People are looking at things the wrong way. We have problems that need solving right now. Worrying about events that will occur in 100 years is illogical. 2140 is actually less than 125 years from now, so I'm not so sure they'd be dead. well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something. I've been following it too, and keeping the results :). I've wanted to do that, but was always too lazy. Looking great, keep it up!Code: Mon Sep 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes) Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results: Code: Mon Dec 1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200 Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016. there's also this page https://en.bitcoin.it/wiki/Controlled_supply By the year 2028, we'll have mined 98.4% of the Bitcoins :) Title: Re: 2/3 of All Bitcoin Mined! Post by: bigbitmine on March 29, 2015, 08:39:07 PM Wow, 2/3 Bitcoins has been mined, if it's reached 3/3.... then, no other bitcoins? so that means Bitcoin mining will die soon... If bitcoin mining died, then mining hardware will be worthless... so Bitcoin is limited, but not today, it will... Bitcoin won't run out in our lifetime with the halvings. Still a very long way to go. Title: Re: 2/3 of All Bitcoin Mined! Post by: grendel25 on March 29, 2015, 08:43:06 PM Hopefully this means there will be normalization in the positive direction for the price of bitcoins. I think there has been a big rush in production and I wouldn't be surprised if the supply/demand structure realize the scarcity and respond accordingly.
Title: Re: 2/3 of All Bitcoin Mined! Post by: escrowguy on March 29, 2015, 08:50:47 PM 2140 is actually less than 125 years from now, so I'm not so sure they'd be dead. Im pretty sure ;DTitle: Re: 2/3 of All Bitcoin Mined! Post by: unamis76 on March 29, 2015, 08:53:26 PM Another milestone for Bitcoin. A good time to look back at what we achieved, but also a good time to look forward in search of a new future, solutions to old problems and new ways to "reinvent" Bitcoin.
Let's see what we can say we've accomplished on the next milestone :) Title: Re: 2/3 of All Bitcoin Mined! Post by: OpenOcean on March 30, 2015, 02:16:50 AM This creeped up on me, too.
Wow. Title: Re: 2/3 of All Bitcoin Mined! Post by: Morenod on March 30, 2015, 11:28:33 AM This creeped up on me, too. Wow. Same to me. The time is really flying fast. But nothing changes today. I mean the halving is really the next big milestone right? Title: Re: 2/3 of All Bitcoin Mined! Post by: Q7 on March 30, 2015, 11:46:41 AM Talk about halving we should now expect it to take place much earlier than our projected date. I expect this to be the milestone because then we'll see how efficient mining can be to continue remain profitable
Title: Re: 2/3 of All Bitcoin Mined! Post by: memai on March 30, 2015, 02:47:47 PM How will prices of Bitcoin if 21M Bitcoin has been mined ?
Title: Re: 2/3 of All Bitcoin Mined! Post by: LiteCoinGuy on March 30, 2015, 03:18:48 PM How will prices of Bitcoin if 21M Bitcoin has been mined ? i estimate 1-100000000000000 but you will be dead when that happens ;) Title: Re: 2/3 of All Bitcoin Mined! Post by: Hazir on March 30, 2015, 05:52:46 PM 2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower.
After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'. Title: Re: 2/3 of All Bitcoin Mined! Post by: gentlemand on March 30, 2015, 05:55:44 PM 2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower. After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'. Price will only grow if the user base grows. I think the next couple of years will show us whether that might happen. It's steady but still tiny right now and could easily wither. It's probably not too far off production cost right now. I've seen a few estimates of $150 for the big players. Clever machinery and innovative ways of supplying electricity would drive that lower. Title: Re: 2/3 of All Bitcoin Mined! Post by: AgentofCoin on March 30, 2015, 05:59:02 PM This creeped up on me, too. Same to me. The time is really flying fast. But nothing changes today. I mean the halving is really the next big milestone right? Wow. Talk about halving we should now expect it to take place much earlier than our projected date. I expect this to be the milestone because then we'll see how efficient mining can be to continue remain profitable I think the halving time has not really changed. Here is a link to the bitcoin halving clock i use. http://bitcoinclock.com/ (http://bitcoinclock.com/) It says July 28, 2016. Title: Re: 2/3 of All Bitcoin Mined! Post by: nachoig on March 30, 2015, 09:56:53 PM It just happened people!!!! ;D
https://blockchain.info/block/000000000000000002045664f89a1077d0c6c0aaa6dd89b485208cf92d6bbd30 Archiving from Bitcoin Charts: https://archive.today/3OzBC Title: Re: 2/3 of All Bitcoin Mined! Post by: neurotypical on March 30, 2015, 10:15:08 PM How will prices of Bitcoin if 21M Bitcoin has been mined ? Anyone owning 1 BTC by then will be part of the 1% of the new Cryptorothchilds. Sadly we'll all be buried by then. Scary thought indeed.Title: Re: 2/3 of All Bitcoin Mined! Post by: gentlemand on March 30, 2015, 10:33:52 PM How will prices of Bitcoin if 21M Bitcoin has been mined ? Anyone owning 1 BTC by then will be part of the 1% of the new Cryptorothchilds. Sadly we'll all be buried by then. Scary thought indeed.There's plenty of time to get used to the idea. We should all be alive to witness low enough annual inflation to observe some proper deflationary effects if it's still going in a decade or two. That's when it becomes seriously interesting. Title: Re: 2/3 of All Bitcoin Mined! Post by: Ron~Popeil on March 30, 2015, 10:45:10 PM I wonder how many of the 14 million have been lost or are otherwise out of circulation. It will be interesting to see how much hashing power it turned off when the next halving occurs. If price keeps up with the diminishing increases in supply things could indeed get interesting.
Title: Re: 2/3 of All Bitcoin Mined! Post by: chek2fire on March 30, 2015, 11:11:33 PM It just happened people!!!! ;D https://blockchain.info/block/000000000000000002045664f89a1077d0c6c0aaa6dd89b485208cf92d6bbd30 Archiving from Bitcoin Charts: https://archive.today/3OzBC http://www.moneymarketing.co.uk/pictures/620xAny/2/2/7/2078227_Champagne-Celebration-Celebrate-700x450.jpg Title: Re: 2/3 of All Bitcoin Mined! Post by: Alley on March 30, 2015, 11:17:55 PM All these mega mines will be out of business in 9 years after the third halving unless they can profit from transaction fees which we would need millions of transactions per day which the block chain can't even handle.
Title: Re: 2/3 of All Bitcoin Mined! Post by: chek2fire on March 30, 2015, 11:19:15 PM for that we are in bitcoin mining era now and i think it will end in the next years. I dont know what will happen after that era
Title: Re: 2/3 of All Bitcoin Mined! Post by: Alley on March 30, 2015, 11:22:03 PM Home miners will have to step up or the network won't be secure.
Title: Re: 2/3 of All Bitcoin Mined! Post by: Ron~Popeil on March 30, 2015, 11:40:20 PM Home miners will have to step up or the network won't be secure. I suspect that after the rewards fall the big miners will go the way of the dinosaurs and the small miners will be the mammals that take over. Crypto evolution so to speak. Title: Re: 2/3 of All Bitcoin Mined! Post by: teukon on March 31, 2015, 01:22:19 AM The first block halve starts sometime in July next year I think. The second halving. ... in 9 years after the third halving... The fourth halving. Title: Re: 2/3 of All Bitcoin Mined! Post by: loan4 on March 31, 2015, 02:37:12 AM Congratulations to miners. You have worked hard. until now, 2/3 BTC has been mined
Title: Re: 2/3 of All Bitcoin Mined! Post by: CrackedLogic on March 31, 2015, 05:36:29 PM The first block halve starts sometime in July next year I think. The second halving. ... in 9 years after the third halving... The fourth halving. Oh yes, the genesis block. I forgot. For those wondering: https://blockchain.info/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b Title: Re: 2/3 of All Bitcoin Mined! Post by: scarsbergholden on March 31, 2015, 05:59:39 PM damn i would be so happy if i could own 1% of those 14m btc.
Title: Re: 2/3 of All Bitcoin Mined! Post by: randy8777 on March 31, 2015, 07:35:12 PM damn i would be so happy if i could own 1% of those 14m btc. you have huge ambitions haha. i would already be happy with just 1 bitcoin out of 14 million. beside that. nothing special about it reaching the 14 million mark. Title: Re: 2/3 of All Bitcoin Mined! Post by: zeitman on March 31, 2015, 08:54:35 PM what's the year all bitcoins are mined?
Title: Re: 2/3 of All Bitcoin Mined! Post by: unamis76 on March 31, 2015, 10:44:47 PM what's the year all bitcoins are mined? Year 2140, more or less :) Code: How long will it take to generate all the coins? https://en.bitcoin.it/wiki/FAQ Title: Re: 2/3 of All Bitcoin Mined! Post by: gentlemand on March 31, 2015, 10:48:48 PM what's the year all bitcoins are mined? Year 2140, more or less :) Code: How long will it take to generate all the coins? https://en.bitcoin.it/wiki/FAQ Maybe there'll be a few people here now who'll be old ghouls there to witness it having splurged their wealth on third world organs. Even if it's a total irrelevance by then I'm sure the last one will pop out of someone's computerised pants for old time's sake. Title: Re: 2/3 of All Bitcoin Mined! Post by: googs84 on March 31, 2015, 11:31:07 PM Yeaya
Title: Re: 2/3 of All Bitcoin Mined! Post by: SureLockLoans on March 31, 2015, 11:36:58 PM It's a good achievement thaat its reached this far and dont worry to new comers all Bitcoin won't be mined in our lifetime
Title: Re: 2/3 of All Bitcoin Mined! Post by: countryfree on April 01, 2015, 12:52:53 PM I had forgotten BTC was growing fast. Nearly 4,000 BTC are mined each passing day. Ten years from now, that'll be probably down to 1,000. That's a big change.
Title: Re: 2/3 of All Bitcoin Mined! Post by: Jeremycoin on April 01, 2015, 12:59:26 PM So when all the BTCitcoin has mined
Is that a good thing or a bad thing??? And, can we still mine BTCitcoin? Title: Re: 2/3 of All Bitcoin Mined! Post by: Hazir on April 01, 2015, 01:24:24 PM damn i would be so happy if i could own 1% of those 14m btc. I doubt that there is single man who holds more that 1% of all bitcoins as of now. I've heard about FBI Wallet being the biggest storage of bitcoins in the world: http://www.wired.com/2013/12/fbi_wallet/ (http://www.wired.com/2013/12/fbi_wallet/)But I am not sure if that is the case now. And Winklevoss brothers hold about 1% of bitcoins and that is it. But I am still sad that price of bitcoin is so low even when 2/3 of it is already mined... Title: Re: 2/3 of All Bitcoin Mined! Post by: Denker on April 01, 2015, 02:09:09 PM damn i would be so happy if i could own 1% of those 14m btc. I doubt that there is single man who holds more that 1% of all bitcoins as of now. I've heard about FBI Wallet being the biggest storage of bitcoins in the world: http://www.wired.com/2013/12/fbi_wallet/ (http://www.wired.com/2013/12/fbi_wallet/)But I am not sure if that is the case now. And Winklevoss brothers hold about 1% of bitcoins and that is it. But I am still sad that price of bitcoin is so low even when 2/3 of it is already mined... Be patient with the price. It will raise.After the last bubble a correction of 12-24 months is something we have to deal with. Title: Re: 2/3 of All Bitcoin Mined! Post by: Q7 on April 01, 2015, 02:15:22 PM 2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower. Stay bullish..., the mid 2016 halving is the most bullish opportunity that trader will have, may be we will see even a small bubble...After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'. If demand kept constant, there will be more buying pressure. Don't get tricked by the current low price. I always believe bitcoin price is still considered low. We should see the price slowly climbing up because the daily supply will be reduced by half. But I think the more profound effect is when the other halving occurs after the one that we expected to take place next year, which would be even more significant. |
