Well let's say the avg wage in USA is 10$/hour
It takes around 1250 working days to make enough at this exchange rate.
So..it's not really an impossible thing to get 1 BTC in 2030.
Enjoy working. Fuck politics and listen to Motorhead, then you ll be alright.
I think the average wage in the US is a lot higher than $10 per hour. That’s like slavery or a minor doing a paper round or something. I’m not from the US but it has to be $20 an hour average surely?
One Bitcoin is pretty tough for a newbie these days. Most young people can’t even get on the property ladder. It might be possible by 2030 but you would imagine for the average guy, we will have to go a lot lower, I’m talking $40,000 to $50,000 for it to be achievable. Not many people can save $90,000 in 4 years.
Maybe the threshold for a newbie to be proud of should be lowered to 0.21 Bitcoin?
As there will only ever be 21 million Bitcoin, owning 0.21 Bitcoin could be fairly impressive in the long term future.
Or course, we have to account for our income and for our expenses to attempt to verify if we are being realistic, yet we might also project that our income and expenses are likely to change with the passage of years.
There is nothing wrong with having aspirational goals, yet we should still attempt to be realistic in terms of envisioning a path to get there, and it is easier to project specifics of our goals on shorter timelines, and the details might change as we project further into the future.
Starting with investing $100 per week into bitcoin and perhaps increasing our amounts, then yeah, we might get up to $500 per week in 10 years, and from time to time we might have abilities to increase our weekly invested amount and even lump sum investing opportunities from time to time, whether extra buys on dips or merely extra buys because we got a $2,500 Christmas bonus (if such workplace practices might still exist from place to place).
Even a guy starting out now and investing $100 per week, he might speculate that he could get to $5,200 invested in 1 year, yet he might not exactly know how many bitcoins that might get him.. even though, yeah, 0.21 BTC seems much more reasonable and realistic as a starting goal as compared to having a goal of 1 BTC.. Why would any of us want to (or engage in such processes of placing ourselves with aspirational goals that may well be quite difficult to achieve.. even though many of us know that with money (or wealth) growing goals, there tend to be a quite a few ways to frame them and even incrementalize them in order to attempt to make them at least somewhat realistic in being able to achieve them or to achieve the various easier progress steps along the way.
I think the average wage in the US is a lot higher than $10 per hour.
Wiki shows the minimum wage ranges from $7.25 to $17.50, depending on the state.
$7.25 is like £5 an hour. I was earning more than that in my first job 20 years ago. Ridiculous that people are being paid that in a First World Country in 2025.
Safe to say nobody on $7.25 will ever save to buy 1 Bitcoin.
For sure something like $7.25 an hour should inspire the person to figure out how to increase his skills.. since even if he might be making that amount of money, there is only so much that can be cut in terms of expenses, even though many of us had probably engaged in various kinds of savings techniques, even when we were in the process of investing into bitcoin.
Investing in bitcoin or anything else takes a bit of discipline, and perhaps suffering.. so maybe that is part of the reason that you, LFC, were throwing such a temper tantrum when the BTC kept on refusing to go up... even though we still have to be careful to put too much expectations within any course of events when we already have been quite rewarded in bitcoin.
Even though I had some fuck ups, so my own BTC portfolio is not 400x in profits, even if there were some coins that I bought in the $250 price range which would cause those coins specifically to be in the ballpark of 400x profits.
So then some guys ask me how much I suffer when the BTC price goes down, and even suggest that I need to take more profits..
so then I suggest back that what the fuck difference does it make if I take some profits in the 500x range, the 400x range or the 300x range, even though surely it would be better to take some profits at the higher level, yet part of the reason that I have so much luxury to take profits in ranges beween 300x and 500x on some of my coins, it is because I largely refused to take profits between 2015 and now on some of the coins, and yeah, if I happen to have had bought 0.1 BTC for $25 in 2015, then yeah, we know that 0.1 BTC is now selling for around $9,200.. so it is not really a BIG deal to shave off some here and there, even though it feels better to engage in that shavings when the price is going up rather than going down... yet sometimes the extra expense will come at an inconvenient time, and maybe it does not really matter too much, as long as I don't end up selling large portions of my stash without any reason and/or consideration of my own future.
The [halving] effect will get weaker and weaker with time, but I think it's still significant enough to affect price. Maybe in a couple of decades it will become too weak to matter. Also, note that, such long-term effects tend to be notoriously difficult to predict. So, again, anything can happen, but personally, I do expect to see 4-year cycles for some good amount of time, albeit getting weaker and weaker after every halving.
I agree with this. The fact remains that halving every 4 years can't just be done away with, because it is a material event - but its importance will increasingly vanish with each halving event, which I think is already happening now. The sooner it fades away entirely, the better.
Bitcoin needs to stand on its own merit like gold. Do you know how to make some kind of reasonable statement about bitcoin without having to throw in some non-sense zinger?
Sure bitcoin is modeled on gold and even a better gold, but the way that you phrase this matter, you seem to be trying to suggest (subliminal message) that gold is somehow better than bitcoin, currently, which if you know jack shit about bitcoin rather than shitty bitcoin derivative products, then maybe your thinking might become a wee bit less foggy. You think your getting smarter and less weasily about these kinds of discussions is even possible?
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