BItcoin: The path to $10,000,000 ten million dollars per coin

[mintme.com]

imagine network fees with such bitcoin price lol "I sent my sister some satoshi, transaction fee was only 1000 usd!"

[patroncito]

Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.

Right. And when there is only one bitcoin left in the whole world, with a tiny change in the program, a satoshican be divided into billions of tinier pieces. Fiat does this through inflation.

WRONG

That does no cause inflation. People will have the same amount of Bitcoin just with more decimals


GO BACK TO SCHOOL WITH KHAOS

You Know, Just because you use large fonts with red , does not make what you say truthful,
just means you are a stupid loud SOB!  

OK, Class is in session , Pay attention Dumbass aka patroncito

Bitcoin has a set program code limit to the left of the decimal point, so 21 million is supposed to be the limit.
And that would be correct except for the following
In the Real World, the more you divide a material, the less value it has,
IE: Gas
Buying a gallon of Gas will take you ~25 miles in your car.
Buying a .00000001 gallon of gas , probably won't even be enough to get the gas out of the pump into your car's tank.
So .00000001 gallon of gas has no value and no practical use in the real world and no one would ever buy an amount that small.

In the Virtual World where Bitcoin Exists,
There is no such limitation of value loss by division
With Bitcoin , You can send 10 bitcoin , 1 bitcoin, ¼ bitcoin ,or .00000001 bitcoin to another address, and that is it.
It holds no other value. Only the value assigned by spectaculars against fiat.
So if Bitcoin was limited to it's lowest denomination of
1 bitcoin then the max bitcoin supply would be only 21 million

But there is no limit defined on the lowest denomination
1 Bitcoin  = a Max SUPPLY of 21 Million
½ Bitcoin = a Max SUPPLY of 42 Million
¼ Bitcoin = a Max SUPPLY of 84 Million
.00000001 Bitcoin = a Max SUPPLY of 2.1 QUADRILLION

So they are inflating to right side of the decimal point so stupid people like patroncito don't understand how they inflate the supply at a whim. Lightning Network is moving to 12 points below the decimal, inflating the offchain supply even further.
If there is never a limit placed on the right side of the decimal point, then Bitcoin has an unlimited inflation model bordering on insanity.
But they are counting on stupid people not to understand that.

So now you can see BADecker was correct in his earlier assertion:

Right. And when there is only one bitcoin left in the whole world, with a tiny change in the program, a satoshican be divided into billions of tinier pieces. Fiat does this through inflation.

Class Dismissed.      


 

Too much gargabe in one single post from a faggy SOB.

Lets post something relevant.

https://cryptoslate.com/deutsche-bank-crypto-could-replace-fiat-and-soar-by-2030/

[Wind_FURY]

Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.

[patroncito]

Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.

LOVE THIS

[patroncito]

https://twitter.com/100trillionUSD/status/1204399172495040513

[Diirtmaan]

Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.

I’m already used to a huge number of bitcoin haters and skeptics. Bitcoin is an incredibly promising asset so I believe that it is going to the moon! Your schedule is awesome

[patroncito]

Notice the similarity between the graphs,

https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/

The $300 Billion Ponzi Scheme

A Ponzi scheme is defined as a phony investment program where the introduction of new funds is used to create “profits” for those already in the game.  Ponzi schemes typically have some purported economic rationale for the profits, but at the end of the day, the basis is shown to be a sham as well.

Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.

Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.

Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.  

FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!

FACT: https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas

True Ponzi schemes:

Central Banks (Cannot stop printing money because the banking system collapse otherwise)

Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.

Hedge Funds.

Derivatives Market.

Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.

[patroncito]

Notice the similarity between the graphs,

https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/

The $300 Billion Ponzi Scheme

A Ponzi scheme is defined as a phony investment program where the introduction of new funds is used to create “profits” for those already in the game.  Ponzi schemes typically have some purported economic rationale for the profits, but at the end of the day, the basis is shown to be a sham as well.

Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.

Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.

Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.  

FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!

FACT: https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas

True Ponzi schemes:

Central Banks (Cannot stop printing money because the banking system collapse otherwise)

Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.

Hedge Funds.

Derivatives Market.

Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.

Building , does not mean Profiting or even surviving.

Texas is a stupid place to build, it is hot there, meaning more air conditioning required for the energy wasting asics,
which reduces profits that probably won't exist anyway,  
If they ever start mining, give them a year before they declare Bankruptcy.

Any sane person knows that only colder climates are suitable for Proof of Waste Mining, to avoid the cooling costs.
The Texas plant is DOA upon design.

Plus one good hurricane , and their goes your data center, for weeks/months at a time.
https://www.npr.org/2017/11/30/566950355/the-tempest-at-galveston-we-knew-there-was-a-storm-coming-but-we-had-no-idea
https://en.wikipedia.org/wiki/List_of_Texas_hurricanes_(1980-present)

They have done the required research about weather, energy, temperature, and everything is well planned. I know them......and remember...

True Ponzi schemes:

Central Banks (Cannot stop printing money because the banking system collapse otherwise)

Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.

Hedge Funds.

Derivatives Market.

Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.

[patroncito]

Again with the Big Red Print,  

Stupid is as Stupid does, but it does it with Big Red Print.

Tell everyone how many bitcoins you mine daily,  

Can someone please do some research about that ZEIT coin please?.

Anyways. The Ponzi schemes mentioned in the big red sentences are about to collapse.

Tell everyone what percentage of your retirement is in those Ponzi schemes?

[error08]

Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin.

Agree, people around the world will realize how useful and beneficial using bitcoin as a payment method or just a store of value compared with fiat currency which is always affected by inflation.

The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world.

The current financial system is on the brink of failed, proven by some countries in economic crisis or hyperinflation, but it just a few, most countries still hold on and going well even though the economic growth is not so good. We will see whether the government's attempt to create their own digital currency will be successful or just another failure in the end.

Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.

$10 Million in 10 years later? Hmmm, I'm not so sure, considering the current market condition, whales, govs regulation, manipulation, fraud activities using bitcoin such as exchanges hacked, acceptance, scalability, and so forth. I'll say bitcoin will hit $1 Million in 10 years, in 2030.

[investmonitorxyz]

i think that the value will reach ten million in 20 years. It won't happen soon.

[Wind_FURY]

Trolls using the "But Bitcoin is a Ponzi" debate. But is gold a Ponzi? Who was responsible for boot-strapping the gold market Ponzi? Who in Bitcoin?

[Swordsoffreedom]

I am very much convinced that bitcoin will surely go up in coming years. If we see price of bitcoin in its first ten years, it has jumped from zero to current price of 7000 $ and not to forget its ATH of 19000 USD. If bitcoin continuous moving like that there are bright chances that bitcoin may become 10 million $ worth of coin.

[Dabs]

Mining is not profitable for some because their cost of production is higher than they can currently sell what they mine, their machines are not as efficient, difficulty keeps going up and some other factors.

If difficulty goes down, then the remaining miners will be in profit.

If difficulty goes back down to previous levels, then older hardware will fire up and start mining, or people who have the latest hardware will keep them turned on.

It self balances, so don't worry about the miners unless you yourself plan to be one.

[Dabs]

I dunno about you, but I look at the lows of each year.

These are the levels guarded by the true HODLers.

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $200
2015 – $185
2016 – $365
2017 – $780
2018 – $3200
2019 – ?

There's also another one that goes like this:

2012 = 5
2013 = 13
2014 = 313
2015 = 177
2016 = 373
2017 = 803
2018 = 3225
2019 = 3404 * as of June 2019

Bitcoin can drop to zero, but that isn't any more likely than it going back to $19k.

[patroncito]

Bitcoin can drop to zero, but that isn't any more likely than it going back to $19k.

Actually the thing you are taking for granted is the Miner's Input Costs,
which have also increased every year.

The reason the Bitcoin , IMO , is more likely to go to $zero than up,
is once enough miners are no longer profitable, the chain will freeze.
That frozen chain is the one thing Bitcoin never had to worry about in the past, Now it does.
The old miners won't jump back in to self regulate since they have already disposed of the old asics and warehouses and energy contracts.
Plus few people want to loan money to someone that just declared Bankruptcy within 2 years.
If the top miners can't profit the previous failed miners don't stand a chance.
Multiple Miners failing is a sign, bitcoin best days are far behind it.
Early birds got rich, there is nothing left for the latecomers except the $decline.
Anyone after Feb 2018 is a Latecomer.

Proof of Waste is an evolutionary dead end, and the next halving will seal that coffin , not bring back the dying.

Bitcoin hashrate is doing all time highs very often.

Now ask yourself.

Is Bitcoin gone after 11 years? NOPE

Is the fed bailing out broke banks now? YES

Is ZEIT A piece of shit shitcoin? YES

is Bitcoin the most secure and decentralized blockchain?  YES

Is the stock and bond market about to crash? YES

Is Bitcoin the most fair and best type of Money> YES

Is the global debt sustainable? NOPE

Does BTCUSD goes up 3000% after each halving? YES

Are arguments from the idiot trolls like khaos obsolete? YES

Was Bitcoin called a bubble @ 10 dollars? YES

Is Bitcoin hitting 10 million dollars per coin? YES (VERY SOON)

Are Banks desperate and loosing the war against Bitcoin? YES

The more you troll the more you look foolish

[patroncito]

https://cointelegraph.com/news/bitcoin-price-boring-and-fragile-as-trader-plans-for-dip-below-7k

“Boring & fragile markets here

Now, regular Cointelegraph contributor Michaël van de Poppe said that if fresh energy did not appear, Bitcoin could be in line for a “significant” drop.

Translation : If No Greater Fools don't show up and buy bitcoin, the Bitcoin Ponzi will drop even further.  

while Keith Wareing warned BTC/USD could dip as low as $2,500 in analysis for Cointelegraph over the weekend.

FYI:
At the end of the day You have to ask yourself what role does Bitcoin meet?
1. Does it do micro payments?              Nope!  
2. Does it act as a Stable Currency?      Nope!
3. Does it hold value thru hard times?   Nope!
4. Will it make me rich by buying it?     Nope!
5. Is it cheaper & Faster than others?   Nope!
6. Will it go up without New Fools?       Nope!
7. Is it anything besides speculation?   Nope!
8. Can Bitcoin price drop to $ZERO?     YES!

UNLIMITED FIAT PRINTING + LIMITED AMOUNT OF BITCOINS + INCREASING BITCOIN DEMAND + DECREASING BITCOIN SUPPLY = 10 MILLION DOLLARS PER BITCOIN

[qiman]

The main problem for why Bitcoin isn't going too much up in value is because of Bitcoin futures. Ever since Bitcoin futures were introduced, the digital currency and Bitcoin market at large, has never been the same why? The reason is that people found a way to make money shorting Bitcoin prices without having to own a single Bitcoin. This is happening day in day out, over and over and until we have a substantial amount of people holding Bitcoin, we will see this shorting of the market for profits be what is going to keep the price of Bitcoin down. This has been happening with gold and other assets/commodities too, which are highly undervalued because of the futures market and those controlling these markets. It's a nice thought to see Bitcoin go to over a million dollars, but I do not see it happening in my lifetime.

[Dabs]

To the right of the decimal means lower value. If you are implying that something is worth less than 1 satoshi, or 0.0000 0001 ... then that implies too that the whole 1.0 BTC is also worth more.

Also if enough miners quit, then difficulty goes down. If difficulty isn't going down, then miners are not quitting.

[HardFacts]

UNLIMITED FIAT PRINTING + LIMITED AMOUNT OF BITCOINS + INCREASING BITCOIN DEMAND + DECREASING BITCOIN SUPPLY = 10 MILLION DOLLARS PER BITCOIN

My Hard Facts Coins are very limited in supply, only 1000 of them will ever exist  🤣🤣🤣🤣    A limited supply of something that is worth virtually ZERO does not make it more valuable.  

There is no significant bitcoin demand, price keeps slowly going DOWN.

Bitcoin supply is not decreasing, there are an UNLIMITED number of crypto currencies that can be created, that can have the same or even better properties than bitcoin.   It is easier and faster to make Crypto Currencies than it is to create FIAT money.

Being first means NOTHING.    Anyone still want the first Cellphone ever made   Anyone want the first computer ever made   Are they the most valuable items now    Soon enough, no one will know or care which Crypto Currency was first.

I would trust the FEDERAL RESERVE, and the US DOLLAR to hold some value much more than I would ever trust bitcoin.   At least the Federal Reserve does not deletes posts, move posts to where they will never be seen, or otherwise CENSOR people like the bitcoin community does 🤐🤐🤐🤐    Given what I have experience here, the Bitcoin community is only inserted in pumping up the price of Bitcoin, and is more corrupt than the Federal Reserve and Wall Street Banks have ever been....

Hard Facts