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do you mean the % of humans on the planet, or the % of bitcoin users?
it's impossible for more than 0.295% of the world population to ever have 1 bitcoin, so if bitcoin becomes mainstream, everyone with 1 bitcoin will be the top 0.295% at the least.
but this is assuming 21 million people all have 1 bitcoin, but of course some people have more than 1 bitcon, and many people have less.
so in reality, even less than 0.295% of the world population will have 1 bitcoin. The distribution may be something like this
Top 20% (of world population)
owns about 0.011 (11 millibitcoin) on average. (note that this is the UPPER CLASS)
they have a total of about 15 million bitcoin combined
High 20%
owns an average of 0.0025 bitcoin per person (2.5 millibitcoin)
they have just over 3.5 million bitcoin combined
Middle 20%
average of 0.00075 bitcoin (0.75 millibitcoin)
they have just about a million bitcoin combined (divided over 1.43 billion people!) Note that this is 'middle class'. Having 1 bitcoin would mean you're about 1333 times richer than middle class!
Low 20%
they own just about 200,000 bitcoin combined, each of them having an average of about 0.00015 bitcoin (0.15 millibitcoin)
Bottom 20%
the bottom 1 430 000 000 people will have less than 0.000075 (7500 satoshi) each, their entire 'fortune' is what we now refer to as 'dust'.
The total amount of bitcoin in the bottom 20% of the world will be hardly even 100,000 bitcoin
do you see why many of us think 1 bitcoin would be 1 million+ in value? They are more scarce than you'd think.
this is correct from the math standpoint, but cannot be correct from the social standpoint. 0.01BTC is way too small amount for the top 20%. BTC has to be at $10-50 mil for it to be possible from the social standpoint. There are other possible solutions: 1. bitcoin derivatization like fractional banking system where there will be a <home>coin that will be derived at 1:100 from btc, people will use homecoin, but banks will hold certain percentage of btc against the value of homecoin. 2. more than 21 mil will be printed/mined. 3. a coin with more than 21 mil units will take over. But why. Bitcoin is divisible enough. |
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His posts aren't weak, it just seems like a newbie posting away. Are we going to ban clueless newbies?
In any case, how do you know if your account is temporarly banned, or permanently banned?
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When he sold his house the price was around 600$. He is underwater, but not yet in the danger zone.
However when the price will drop below 300$ he might feel an irresistible urge to cut his losses and may sell close to the bottom.
If he won't panic sell, he'll still have to wait several months for the price to rise back to 600$.
It is a game of balls. How big are OP's balls? Can he hold breath underwater for a year? Thats the big question here. |
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You could wait for the trend to go bullish before investing. But we simply do not know when (or if) it will happen.
If it happens, it usually goes skyhigh in a short time.
Bitcoin is high risk / high gain !!!
Only enter Bitcoin if you feel good about it and if you're prepared to wait >1 year for results.
1 year is smalltime. 5 years is a solid time to way. 10 years ideal for big gains. This is a long term boat. We need to apply Warren's teaching, except this time Warren isn't in this boat because simply he is too old to understand. |
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Well, look at it this way. A financial collapse of catastrophic proportions will happen in our lifetimes. When this happens, and it WILL happen, BTC will rocket to the moon. So one could argue that BTC is a guaranteed investment to yield huge returns. Just how long you have to wait is the question. And i'm not talking about BTC price increasing as a result of of the devaulaton of the $.
Exactly. BTC is a safe place to hide. My dad will thank me after buying 1 BTC one day instaed of thinking im insane. https://www.youtube.com/watch?v=dQdmsL147j0 |
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Im hoping for prices as low as 100, I need a lot more BTC before we hit 10k.
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I hope you paid less than 10K for that  |
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As long as I recieve my monthly paycheck I'll buy at least 1 BTC if the price stays as good (low). Gotta take advantage of these last chances.
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I come from a TA background and I have no idea about how to go about predicting BTC. We are talking never seen before, unparalleled technology here... hardly any precedents to work with.
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Imagine this:
person A has no money and is working 50% of his time to get paycheck, rest of his time he uses to sleep and be with family. 100% time used
person B has money, and can hire other people to do job instead of him , and he gets his own cut, therefore, he earns money without wasting time to do so, allowing him to spread his business more and more, earning more, and with no time wasted on actually doing anything.
there's also a word for this ; modern slavery.
That's a phrase, it's a play to emotions, and it's a bad one. You simply cannot compare the current state of affairs to slavery, as it doesn't satisfy the conditions of slavery at all. People really need to stop using slavery as a comparison to people who work jobs. You're severely diminishing the term "slavery" and exaggerating the 9-5 sludge. People are being paid to do the work, they are not being forced to do the work, they can leave their job at any point, and usually they are actually very desperately wanting to have the work to do. The term for person B is entrepreneur and person A is worker. We absolutely need both. Either you have entrepreneurs who create jobs, or you have the government create the jobs. We've seen both scenarios, we know the outcomes. In the end, I know very few rich people who do not work their butts off. Sure there are some trust fund kids... but please. People over exaggerate the "lifestyles" of the rich. Most rich aren't Kim Kardashian, and Donald Trump *does* work. He's a bad dude, got rich off screwing others, but he does work his butt off, so your premise is still wrong. Most importantly as well, if you feel your country is slavery because of capitalism, get the hell out. Go to Cuba, China, North Korea, Venezuela, or whatever country uses the type of system you want. Again it's not slavery. Pick up your lazy ass and go where you want to be. People aren't "free to leave the job at anytime". If you are working a shitty job, it means you aren't able to find any better, and if you stop working, you are fucked as you can't pay the bills and basic needs. It's subtle slavery, while Mr King has a perpetual luxurious holiday. It's a joke. |
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No one will be mining in 70 years unless Bitcoin is worth a ton of money. So it is do or die for the Bitcoin exchange rate. Otherwise we will never mine all of them.... unless we will have a difficulty decrease  You don't get it. There will always be someone doing the job, because if few people are doing it, the ones doing it will get a lot of reward. It gets itself balanced. Satoshi had it all planned. |
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Im pretty sure we aren't past early adopter phase. Only after we get "Pay with Bitcoin" in big ass places such as ebay, we'll see a legitimate big adoption happening. Pretty sure we are now in stealth phase.
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Metals are a pain in the ass to transport, dinosaur money, undivisible. Just buy BTC already you freaks.
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***same old discredited bubble chart***
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News just in: Fallling was wrong, AGAIN.  |
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Nope, silver is a piece of shit dinosaur asset, Bitcoin is a revolution in humanity. You need to have a problem in the brain to not buy sub 1K bitcoin.
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good for you.
now you can sell at 10% loss tomorrow
Or at 10000% next year  |
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People is stupid, they will eat anything Apple.
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Because poor people is stupid and think they can get rich too with hard work |
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