Factual Speculation: Owning 1 whole BTC will be completely unheard of by 2020..

[ProfessionalGoogler]

Just think about that for a moment..  

Then rush to your local BTC ATM..  

[Cconvert2G36]

Points for clever, gentle pumper, and it's not quite old yet. 

[JimboToronto]

Just think about that for a moment..  

Then rush to your local BTC ATM..  

Nonsense. That's like saying owning thousands or billions of dollars is unheard of. Lots of people do.

I have absolutely no intention of spending all my bitcoins by 2020.

Hopefully by then I'll be spending thousands of satoshis and not whole or large fractions of coins.

[ProfessionalGoogler]

Just think about that for a moment..  

Then rush to your local BTC ATM..  

Nonsense. That's like saying owning thousands or billions of dollars is unheard of. Lots of people do.

I have absolutely no intention of spending all my bitcoins by 2020.

Hopefully by then I'll be spending thousands of satoshis and not whole or large fractions of coins.

Yeah "lots of people own billions of dollars".  

I guess it depends on your definition of "lots".

[BlindMayorBitcorn]

Just think about that for a moment.. 

Then rush to your local BTC ATM.. 

Nonsense. That's like saying owning thousands or billions of dollars is unheard of. Lots of people do.

I have absolutely no intention of spending all my bitcoins by 2020.

Hopefully by then I'll be spending thousands of satoshis and not whole or large fractions of coins.

Yeah "lots of people own billions of dollars". 

I guess it depends on your definition of "lots".

As of 2014 there were 1,645 of 'em.

[yefi]

Guess that means Satoshi will be unloading like a mofo?

[TheRealistMassiah1]

That's a somewhat -- "somewhat credible" speculation, but if everyone owns under 1 btc, that means there isnt enough market demand and bitcoin itself ceases to exist? because who would want to buy a bitcoin for $10,000-$100,000 how many millionaires / ultra high net worths are going to shell out that amount? Gotta play into logic and real reasoning before speculating because at that point what will the volume be for bitcoins??

So in the case of in 2020 owning 1 btc "unheard of" will become of the detriment of bitcoin. Think of it


Side note: in 5 years inflation would have adjusted the dollar for around 92% which = .92 for 1 dollar today ... so if in 2020 there is of such scenario I have no clue ... also 5% bitcoin loss per anum as well... so more of loss bitcoins and bitcoin wallets per year than viable usage.

additional tangent: "They don't call it smart money" for no reason ...

[ProfessionalGoogler]

Just think about that for a moment..  

Then rush to your local BTC ATM..  

Nonsense. That's like saying owning thousands or billions of dollars is unheard of. Lots of people do.

I have absolutely no intention of spending all my bitcoins by 2020.

Hopefully by then I'll be spending thousands of satoshis and not whole or large fractions of coins.

Yeah "lots of people own billions of dollars".  

I guess it depends on your definition of "lots".

As of 2014 there were 1,645 of 'em.

Exactly. That is not "lots" lol.  

That's a somewhat -- "somewhat credible" speculation, but if everyone owns under 1 btc, that means there isnt enough market demand and bitcoin itself ceases to exist? because who would want to buy a bitcoin for $10,000-$100,000 how many millionaires / ultra high net worths are going to shell out that amount? Gotta play into logic and real reasoning before speculating because at that point what will the volume be for bitcoins??

So in the case of in 2020 owning 1 btc "unheard of" will become of the detriment of bitcoin. Think of it


Side note: in 5 years inflation would have adjusted the dollar for around 92% which = .92 for 1 dollar today ... so if in 2020 there is of such scenario I have no clue ... also 5% bitcoin loss per anum as well... so more of loss bitcoins and bitcoin wallets per year than viable usage.

additional tangent: "They don't call it smart money" for no reason ...

Bitcoin is like a gold bar -- it is divisible.

Only 20 million will exist.

12 million exist now.

At least 3 million minimum is completely lost in cyber space.. (not spendable)

Most of it will be saved or owned by governments by 2020.

[TheRealistMassiah1]

That's a somewhat -- "somewhat credible" speculation, but if everyone owns under 1 btc, that means there isnt enough market demand and bitcoin itself ceases to exist? because who would want to buy a bitcoin for $10,000-$100,000 how many millionaires / ultra high net worths are going to shell out that amount? Gotta play into logic and real reasoning before speculating because at that point what will the volume be for bitcoins??

So in the case of in 2020 owning 1 btc "unheard of" will become of the detriment of bitcoin. Think of it


Side note: in 5 years inflation would have adjusted the dollar for around 92% which = .92 for 1 dollar today ... so if in 2020 there is of such scenario I have no clue ... also 5% bitcoin loss per anum as well... so more of loss bitcoins and bitcoin wallets per year than viable usage.

additional tangent: "They don't call it smart money" for no reason ...

Bitcoin is like a gold bar -- it is divisible.

Only 20 million will exist.

12 million exist now.

At least 3 million minimum is completely lost in cyber space.. (not spendable)

Most of it will be saved or owned by governments by 2020.

That is some solid CooKoo speculation you have going there Professonalgoogler! lols, first of all, bitcoin is not equal to a "Gold Bar"(utility vs intangible asset aka fictitious asset, look up on your spare time)

anyways ...  

by 2025 approximately 4,000,000-8,000,000 optimistically available bitcoins (all others were lost) remember its 5% loss per year over year. The dollar will still be a dollar then and why would governments want to hold onto a deflationary / loss of coins method for assets?

additional tangent: Response to Cconvergent  Below.. Very Meta, trying to educamacate, is that how its spell't ... edumacate?

[Cconvert2G36]

so meta

[ProfessionalGoogler]

That's a somewhat -- "somewhat credible" speculation, but if everyone owns under 1 btc, that means there isnt enough market demand and bitcoin itself ceases to exist? because who would want to buy a bitcoin for $10,000-$100,000 how many millionaires / ultra high net worths are going to shell out that amount? Gotta play into logic and real reasoning before speculating because at that point what will the volume be for bitcoins??

So in the case of in 2020 owning 1 btc "unheard of" will become of the detriment of bitcoin. Think of it


Side note: in 5 years inflation would have adjusted the dollar for around 92% which = .92 for 1 dollar today ... so if in 2020 there is of such scenario I have no clue ... also 5% bitcoin loss per anum as well... so more of loss bitcoins and bitcoin wallets per year than viable usage.

additional tangent: "They don't call it smart money" for no reason ...

Bitcoin is like a gold bar -- it is divisible.

Only 20 million will exist.

12 million exist now.

At least 3 million minimum is completely lost in cyber space.. (not spendable)

Most of it will be saved or owned by governments by 2020.

That is some solid CooKoo speculation you have going there Professonalgoogler! lols, first of all, bitcoin is not equal to a "Gold Bar"(utility vs intangible asset aka fictitious asset, look up on your spare time)

anyways ...  

by 2025 approximately 4,000,000-8,000,000 optimistically available bitcoins (all others were lost) remember its 5% loss per year over year. The dollar will still be a dollar then and why would governments want to hold onto a deflationary / loss of coins method for assets?

additional tangent: Response to Cconvergent .. Very Meta, trying to educamacate, is that how its spell't ... edumacate?

You didn't understand what I was trying to explain.

Many people don't understand still Bitcoin can be divided.

Explaining that you can divide Bitcoin up like a gold bar makes perfect sense, I didn't say anything about the obvious. My explanation had nothing to do with utility vs intangible, which is a given.

[yefi]

Only 20 million will exist.

12 million exist now.

I think you need to improve your googling.

[TheRealistMassiah1]

Only 20 million will exist.

12 million exist now.

I think you need to improve your googling.

LMAO ... I thought no one would ever notice his error until you brought that up! ... in 2020 approx =  17,500,000 and in 2025 20,000,000 =] ... and a per annum loss of bitcoins at 4-10%

[ProfessionalGoogler]

Only 20 million will exist.

12 million exist now.

I think you need to improve your googling.

Once it was released into the wild, the bitcoin currency ecosystem operated on a public, inalterable schedule. We know exactly how many bitcoins there are in existence today (12,446,725) and how many there will eventually be in total: when the 21 millionth bitcoin is minted, the plates automatically self-destruct.Mar 5, 2014

Oh god forsake I miss-type something, all the nerdy trolls crawl out to beat around the point.  

[TQMA]

1,000,000 people = 21 BTC -> (every 1 person is 21 BTC)

1 person = 21,000,000 BTC
10 people = 2,100,000 BTC
100 people = 210,000 BTC
1,000 people = 21,000 BTC
10,000 people = 2,100 BTC
100,000 people = 210 BTC
1,000,000 people = 21 BTC
10,000,000 people = 2.1 BTC
100,000,000 people = 0.21 BTC
1,000,000,000 people = 0.021 BTC
10,000,000,000 people = 0.0021 BTC

[Amph]

i would go ahead and say that even 0.1 would be an hard thing to acquire at that point, or 4-5 years later

but this not seems enough to encourage people to buy bitcoin, i think bitcoin need to rise in price, with the sustain of rich peopl first

i'm already seeing many average joe that will enter the market when the price will stabilize between 1k and 10k range

[TheRealistMassiah1]

i would go ahead and say that even 0.1 would be an hard thing to acquire at that point, or 4-5 years later

but this not seems enough to encourage people to buy bitcoin, i think bitcoin need to rise in price, with the sustain of rich peopl first

i'm already seeing many average joe that will enter the market when the price will stabilize between 1k and 10k range

Why in the he-Double L's would the "average joe" spend 1,000 - 10,000 on something that he doesn't understand or could possibly afford?? that doesn't make any rational sense Amph.

[Amph]

i would go ahead and say that even 0.1 would be an hard thing to acquire at that point, or 4-5 years later

but this not seems enough to encourage people to buy bitcoin, i think bitcoin need to rise in price, with the sustain of rich peopl first

i'm already seeing many average joe that will enter the market when the price will stabilize between 1k and 10k range

Why in the he-Double L's would the "average joe" spend 1,000 - 10,000 on something that he doesn't understand or could possibly afford?? that doesn't make any rational sense Amph.

ehm bitcoin is divisible they will buy a much less amount than 1 btc, but they will realize that they second chance to get in is gone forever

[TheRealistMassiah1]

i would go ahead and say that even 0.1 would be an hard thing to acquire at that point, or 4-5 years later

but this not seems enough to encourage people to buy bitcoin, i think bitcoin need to rise in price, with the sustain of rich peopl first

i'm already seeing many average joe that will enter the market when the price will stabilize between 1k and 10k range

Why in the he-Double L's would the "average joe" spend 1,000 - 10,000 on something that he doesn't understand or could possibly afford?? that doesn't make any rational sense Amph.

ehm bitcoin is divisible they will buy a much less amount than 1 btc, but they will realize that they second chance to get in is gone forever

Is this in your dream world of how a sustainable bitcoin price would be Amph? That's a dreamy world I would love to live in to see the next bitcoin billionaire! and to see bitcoin "dominate" as the uncentralized system it is! (//endsarcasm)