Whole coiner status in 10+ years

[hypersonic1]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

what are your thoughts?

[LoyceMobile]

I'm not going to hand over my Bitcoin as collateral or investment for someone else's project. That's not why someone HODLs for all those years.

[OgNasty]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

what are your thoughts?

It sounds to me that you are placing too much value on what a person has instead of what a person does. Being a whole coiner doesn’t make anyone special, and believe me when I say that you don’t become a whole coiner by throwing BTC at angel investments, so it’s unlikely they would suddenly go that route. Chances are, if you’re a whole coiner in 10 years, it’s because you are a saver, not a spender. The only value in those folks is that they remove BTC from circulation to help make number go up.

[franky1]

i think the topic creator is suggesting to develop a club, similar to the '3comma club" for people with
$x,xxx,xxx,xxx
atleast $1billion

however if 1BTC is possibly one day in many years going up to $1m .. then it would need to be the 'kilo' coiner or something like that for 1000 coin

[Upgrade00]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

It could mean one of two things,
• A regular person identified the potential in Bitcoin early and invested wisely over a period of year, gradually building their stash up to the value of 1BTC, or
• Late institutional investors are struggling to join the Bitcoin party and grab as many coins as they can from the market.

In the first scenario, you could be said to be a financial genius by many and you would have acquired many financial lessons along the way to building your stash. The second scenario wouldn't mean much.

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

My objective of being in Bitcoin would be to not be identified to hold any when I walk into whatever room.

[hypersonic1]

I love the answers so far! Yeah we've already reached the point where known holders are occasionally being attacked. It's crazy!

BTW, if you've been holding for over one halving. I think those people are pretty special. There is a ton of gaslighting in and out of the space.

[edgycorner]

i think the topic creator is suggesting to develop a club, similar to the '3comma club" for people with
$x,xxx,xxx,xxx
atleast $1billion

however if 1BTC is possibly one day in many years going up to $1m .. then it would need to be the 'kilo' coiner or something like that for 1000 coin

Someone like this guy will start a merchandise line with that name "Kilo Coiner"

Anyhow, for bitcoin to reach a million the conventional currencies will have to fail.

But if the entire world really shifts to bitcoin(or any other cryptocurrency) then what will happen to this society when a solar flare hits the eart lol
Armageddon!

[hatshepsut93]

10 years ago people were also saying that in 10 years Bitcoin will be a global currency and everyone will abandon fiat and banks. You can dream about being filthy rich with a small amount of coins, but it won't make it more likely.

If Bitcoin really will increase in price by a factor of 100 or 1000, that would be great, but it's better to plan your life for a scenario when that won't happen, i.e. not relying on Bitcoin alone with your life savings, retirement plan, long-term investments, etc.

[avikz]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

Not a practical approach to have products denominated againt bitcoin instead of fiat. It's like capping the price of bitcoin which is not really ideal. It could happen once all bitcoins are mined and the price is shown immense stability. But right now, people wouldn't like to cap bitcoin's price against some damn products.

The entire point of HODLing will fail if it happens!

[SquirrelJulietGarden]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

On chain movements are real but they are like TA indicators, and can be manipulated. It is harder to manipulate on chain transactions and with a very long time to create effects but it is not impossible.

Supply shock is one of on chain data and it does not trigger instant effect. Sometimes you will see dramatic effect after a few months of first signal of supply shock. Because the market is also affected with emotion, psychology of investors, speculators, gamblers and news. Even they see signals, they still hesitate to do what they should do.

[blue Snow]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

You will make it centralization if you own entire of bitcoin, because that was long time ago we can find alot of airdrop to give free to people so that it is not owned by 1 person. Right now, bitcoin is still considered a threat the central banking, so it's hard if you want to do in what you think. but at some point if everything system has broken, you will be the sole controller.

[worle1bm]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

what are your thoughts?

This is not a practical approach according to me because you have hold it for 10+ years to fund someone else's project? The angel investor are at risk and what if project fails so your whole 10 years patience and holding for all these years is waste? And did the project will kick start with one bitcoin only? So for me best is to enjoy your profits with yourself only and find some other ways if you want to be an angel investor.

[pooya87]

I'd like to point out that bitcoin's purpose was never for you to have a target amount to own. Instead it's purpose is to introduce a payment system that you can use. So in 10+ years when we reach mass adoption you should be thinking about how you would be earning money in bitcoin like getting your paycheck in bitcoin instead of fiat.

[coinsrider]

10 years ago people were also saying that in 10 years Bitcoin will be a global currency and everyone will abandon fiat and banks. You can dream about being filthy rich with a small amount of coins, but it won't make it more likely.

If Bitcoin really will increase in price by a factor of 100 or 1000, that would be great, but it's better to plan your life for a scenario when that won't happen, i.e. not relying on Bitcoin alone with your life savings, retirement plan, long-term investments, etc.

Wonderful comment i agree but i also disagree to few things mentioned here like crypto isn't dead completely it still has potential but thinking it as life saving and everything is nuts people who are taking out loans to buy cryptos must stop doing that. 

[NotATether]

I love the answers so far! Yeah we've already reached the point where known holders are occasionally being attacked. It's crazy!

It's mostly restricted to people who are known to hold millions or hundreds of thousands in BTC (and don't hire a private security service), no?

Because I'm pretty sure that everyone on this forum, or at least this board, is a known holder.

[Don Pedro Dinero]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

what are your thoughts?

I doubt that most goods and services will ever be denominated in bitcoin. To get there, we would have to reach a stage where supposedly the world's major currencies would have collapsed, and I don't think that will happen.

What is clear is that even if there are bear markets, those who hold, increase their purchasing power greatly over time. If we add to that accumulating more, so much the better.

[livingfree]

Bitcoin is already an innovation that we're having. I would probably be an angel investor but it should be out of scope to talk about my bitcoin holdings.

It's going to be from my fiat and other sources and not going to be associated with the bitcoins that I'm holding. And if you aim to be a whole bitcoin owner, you should be able to be one of it I think in less than a decade by DCAing.

[Kakmakr]

I think the moment when the Bitcoin price goes to a new all-time-high of $100 000 .....hardcore hoarders will bend the knee ....and they will sell some of their coins. I think whole coiners will significantly go down after the $100 000 per coin is reached .... and the only people with whole coins will be early coiners and Whales like Elon Musk.

The speculators (weak hands) will jump ship between $70 000 and $80 000 per coin ..... because they are simply hunting profits. I know I well never sell all my coins..... so I will hang around until we reach $1 000 000 per coin. 

[TheUltraElite]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock.

It is just a number of coins/satoshis being held. 1BTC is always 1BTC, the point should be to accumulate more than that. The "whole-number" idea often gives some wrong conclusions among newbies.

That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

But that will not happen easily. Common items that we need in daily life are best bought using fiat. I would like to see them in bitcoin but it will take a lot more groundwork, POS machines and merchant acceptance first.

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

Similar to lending bitcoin for a project's development. Obviously should be done against a valid collateral or not done at all. Dont expect bitcoin users to hand over large chunks of "Whole number" bitcoin for free, they have serious trust issues - which is normal for them. Such situations are far fetched. First we have to get a bigger acceptance and usage to crypto then will come in the investments and loans on crypto.

[franky1]

i think the topic creator is suggesting to develop a club, similar to the '3comma club" for people with
$x,xxx,xxx,xxx
atleast $1billion

however if 1BTC is possibly one day in many years going up to $1m .. then it would need to be the 'kilo' coiner or something like that for 1000 coin

Someone like this guy will start a merchandise line with that name "Kilo Coiner"

Anyhow, for bitcoin to reach a million the conventional currencies will have to fail.

nah, its much more simpler then that

the actual market orders are not fixed purchases of 1btc to then have a 1btc price of $xxxx
the market orders are decimal amounts which math then calculates what a 1btc is worth

EG right now
an order of $210 gets you 0.01  which maths calculates that 1btc is $21k

i know you are trying to suggest that for a minnow(small investor) to put say 300loaves of bread value($400/$600) into bitcoin to buy a whole coin where that then equates to a hyper inflation fiat price of $1m. but no thats not how it plays out.
minnows wont be whole coiners due to some fiat hyper inflation..


the average minnow (small investor) only deposits $400-$600, when they deposit
(average minnow orders seen on exchanges over the last decade.. )
all that has and needs to change is how many decimals of BTC the sellers give to the minnow for that amount

in 2013-16 it was an average of a 'whole coin'
in 2017+ it was 0.1-0.01 average

in the future its simply going to be 0.0004-0.0006
which comes to the total of  1 for $1m

where as those lucky enough to have minnow bought bitcoin in 2010-2014 get to be 'whole coiners at a future price of $1m

or thanks to the price of orders being 0.0004-0.0006 for $400-$600.. large investors buy more sats than a minnow does to get 1btc worth because they deposit and buy 1btc, by large investors having $1m deposited