dothebeats
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August 22, 2023, 04:14:29 PM |
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I think it's possible but BTC will be divided into small parts
Small parts that will not even be of value to most. Moreover, not everyone that will gain will even bother investing in it and trading it, hence it will be a waste as it will remain unaccessible to others who are actually interested in Bitcoin and the system. It is a possible thing to happen but it is not ideal, as Bitcoin is limited and the number of people is growing every day. The proportion will never be equal and not everyone will find value in it, causing the possible downfall of Bitcoin.
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Mpamaegbu
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Once a man, twice a child!
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August 22, 2023, 05:59:11 PM |
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My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Let's not even go into the debate of whether Bitcoin's limited maximum supply will make it hard for everyone to possess it or not and plunge into coins with unlimited supply and how not everyone can still have them. When I read comments about people trying to act like it's an aberration if Bitcoin doesn't go round everyone. It's not. To state it clearly, I have yet to see anything that goes round everyone on earth except oxygen. I meant the natural oxygen. Bitcoin isn't oxygen. It's just another innovation of man. Even if Bitcoin were ♾️ in supply, not everyone will still have it.
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Wimex
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August 22, 2023, 10:36:06 PM |
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It would be quite an intriguing challenge if every person in the world had Bitcoin, I would say that as adoption grows and more people use it, there could be innovative ways to make bitcoin fractions accessible to everyone. But focusing today in terms of the distribution and adoption of Bitcoin in a global population of over 8 billion people, it will be quite likely to get each person to have a piece of Bitcoin, as some have commented each Bitcoin can be divided into smaller units called satoshis. One Bitcoin consists of 100 million satoshis… This divisibility allows that even if not everyone owns a full Bitcoin, they can still own and use fractions of it.. On the other hand being realistic with a current approach.. I think the widespread adoption of Bitcoin It can be a gradual process... as I said before, it may be that in the future the infrastructure and the tools for its use can be expanded and improved even more.
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RewFrew
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August 22, 2023, 11:52:16 PM |
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I think can everyone in the world have bitcoin. If Bitcoin quantity is limited. But if everyone understand about bitcoin and able to creat It's usability then bitcoin will be available everywhere. Recently we saw many Super shop, Bank, Hotel are accepting Bitcoin. So to fulfil our basic need we have to use Bitcoin today or tomorrow. As Bitcoin quantity is limited But i think everyone will have small amount of Bitcoin that are not so far. Everyone will use it for his need. So i think Can everyone in the world have bitcoin.
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Renampun
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August 22, 2023, 11:52:25 PM |
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...
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
even in the next 100 - 200 years, I don't think everyone in this world will have bitcoin, of course the reason is simple, not everyone is connected to the internet - not everyone likes bitcoin - not everyone understands bitcoin - not everyone can sell/buy bitcoins and many other reasons. bitcoin is still very confusing for many people, especially with those who really love fiat money, they will definitely continue to say bitcoin is a scam blah blah blah. but there's no need to worry, even if bitcoin has groups that reject it, there will always be people who support and support bitcoin and that's what makes bitcoin stay strong.
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OrangeII
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August 23, 2023, 05:09:11 AM |
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The total number of bitcoins is 21 million, and according to Google, the world's population in 2021 will be 7.8 billion people. if we partition bitcoin, then each person can have approximately 0.002 BTC for each person. these are just raw calculations, without really accurate data. However, we know that it is possible for bitcoins to be shared for every person in the world. it's just, the real point is people are going to be trying to get as much bitcoin as they can get their hands on, and you can get bitcoin for a lot of money when everybody's using it.
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Reatim
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August 23, 2023, 05:36:05 AM |
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21 million bitcoin might not be completely available as there are so many of those that had been lost in the air but the best thing here is that Bitcoin is divisible buy satoshi and that is the best part.
there are even saying that 1 satoshi will be 1 dollar in the future, imagine how much you can hold and gain having 0.001 bitcoin? this must be the best investing tools people might have in their entire life.
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mendace
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August 23, 2023, 10:39:17 PM |
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21 million bitcoin might not be completely available as there are so many of those that had been lost in the air but the best thing here is that Bitcoin is divisible buy satoshi and that is the best part.
there are even saying that 1 satoshi will be 1 dollar in the future, imagine how much you can hold and gain having 0.001 bitcoin? this must be the best investing tools people might have in their entire life.
I don't know if a single satoshi can in the future have the ability to buy a dollar today but suppose this is true then today with just 100 dollars you would become a millionaire and if not you your children or grandchildren. It would certainly be the best investment that could be made.
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uneng
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August 23, 2023, 11:08:43 PM |
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21 million bitcoin might not be completely available as there are so many of those that had been lost in the air but the best thing here is that Bitcoin is divisible buy satoshi and that is the best part.
there are even saying that 1 satoshi will be 1 dollar in the future, imagine how much you can hold and gain having 0.001 bitcoin? this must be the best investing tools people might have in their entire life.
With high demand, there will be always Bitcoin adopters willing to sell their holdings for profit. So it's the opportunity for those who don't have any coins to start accumulating their satoshis. They just have to be skilled at electronic devices and internet to set up wallets, create accounts at exchanges and to buy and sell Bitcoin. For that reason, I don't think everyone can have Bitcoin, as there is still a high number of illiterate people in the world, especially regards the virtual world and the foreigner universal language, which is English. Maybe in some decades this scenario will change, but by there that is what we know so far, consequently making it harder for BTC adoption to grow considerably among the masses.
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Blitzboy
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August 24, 2023, 05:07:49 PM |
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21 million bitcoin might not be completely available as there are so many of those that had been lost in the air but the best thing here is that Bitcoin is divisible buy satoshi and that is the best part.
there are even saying that 1 satoshi will be 1 dollar in the future, imagine how much you can hold and gain having 0.001 bitcoin? this must be the best investing tools people might have in their entire life.
With high demand, there will be always Bitcoin adopters willing to sell their holdings for profit. So it's the opportunity for those who don't have any coins to start accumulating their satoshis. They just have to be skilled at electronic devices and internet to set up wallets, create accounts at exchanges and to buy and sell Bitcoin. For that reason, I don't think everyone can have Bitcoin, as there is still a high number of illiterate people in the world, especially regards the virtual world and the foreigner universal language, which is English. Maybe in some decades this scenario will change, but by there that is what we know so far, consequently making it harder for BTC adoption to grow considerably among the masses. Im not surprised by this blinkered perspective. You're right: BTC adoption relies on literacy and knowledge. But guess what? Just as humanity evolved from nomads to agriculturalists, from kingdoms to nations, it will also evolve in terms of digital literacy. Its an inexorable march of progress! The elderly? Yes, they might not get the nuance of blockchain now, but with platforms like the internet bridging knowledge gaps, it won't be long before even your 80-year-old grandma knows how to move sats around. The constraints of language and literacy? Temporary blips on the grand timeline of humanity. English, the so-called "universal" language, is just a present-day tool. Platforms are already emerging to break these barriers. Dont undermine humanity's adaptability. Bitcoin's adoption may seem constrained now, but to suggest its limited by today's literacy issues is a narrow view. History has shown us time and again: humanity adapts and evolves. So will its relationship with Bitcoin.
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radjie
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August 24, 2023, 05:58:54 PM |
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My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Of course, this is unlikely to happen with the limited amount of supply that has been set. And another reason, Bitcoin is not a legal currency so most governments still have rules if Bitcoin cannot be used as a legal means of transaction.
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Mr.suevie
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August 25, 2023, 01:44:50 AM |
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. My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
From my thought own thoughts of things I don't think it's even possible for everyone to actually have bitcoin in their possession and it's not a matter of the limitation of 21million bitcoin available because I believe in bitcoin figure there are smaller units called the satoshi which if you actually calculate a person to a fraction of satoshi it will be more than enough to cover everyone there but my reason if saying everyone isn't going to have bitcoin is because we are humans and having bitcoin is a choice and the power to choose wrongly is always there as an option for many and many people will definitely go for that.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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laurenB7742
Full Member
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Vaccinized.. immunity level is full.
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August 25, 2023, 02:02:28 AM |
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21 million bitcoin might not be completely available as there are so many of those that had been lost in the air but the best thing here is that Bitcoin is divisible buy satoshi and that is the best part.
there are even saying that 1 satoshi will be 1 dollar in the future, imagine how much you can hold and gain having 0.001 bitcoin? this must be the best investing tools people might have in their entire life.
With high demand, there will be always Bitcoin adopters willing to sell their holdings for profit. So it's the opportunity for those who don't have any coins to start accumulating their satoshis. They just have to be skilled at electronic devices and internet to set up wallets, create accounts at exchanges and to buy and sell Bitcoin. For that reason, I don't think everyone can have Bitcoin, as there is still a high number of illiterate people in the world, especially regards the virtual world and the foreigner universal language, which is English. Maybe in some decades this scenario will change, but by there that is what we know so far, consequently making it harder for BTC adoption to grow considerably among the masses. But when bitcoin is accepted by governments and widely available, things will become easier. There will always be a solution in every country to make bitcoin accessible to everyone. Just like the internet or smartphones, it used to be a barrier for many people but over time everything became commonplace. You can see that anyone can use the phone even the most illiterate or the oldest. That shouldn't be a barrier but I think the high price will be a problem for many people.
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Husseysamuel
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August 25, 2023, 09:29:40 AM |
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Yes, theoretically, everyone in the world can have Bitcoin. Bitcoin is a decentralized digital currency that operates on a global peer-to-peer network. As long as individuals have access to the internet and the necessary technology (like a computer or a smartphone), they can participate in the Bitcoin network by creating a wallet and acquiring Bitcoin.
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Texac
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August 25, 2023, 10:49:44 AM |
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My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Of course, this is unlikely to happen with the limited amount of supply that has been set. And another reason, Bitcoin is not a legal currency so most governments still have rules if Bitcoin cannot be used as a legal means of transaction. Yes, currently there are still many barriers for people to access bitcoin. but in the future, when it is recognized by the government and they are common to the people, everyone can access bitcoin. although it has a rather limited supply compared to our world population, as many others have said, we don't necessarily buy 1 bitcoin, we have one unit of Satoshi. so in my opinion, anyone can own bitcoin, but the question is whether they want it or not because to get bitcoin, we need money.
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Negotiation
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August 25, 2023, 11:50:21 AM |
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Yes, theoretically, everyone in the world can have Bitcoin. Bitcoin is a decentralized digital currency that operates on a global peer-to-peer network. As long as individuals have access to the internet and the necessary technology (like a computer or a smartphone), they can participate in the Bitcoin network by creating a wallet and acquiring Bitcoin.
Bitcoin is a digital currency that is revolutionizing the traditional monetary system. Unlike conventional currencies, it is decentralized and not under the control of a central authority. Bitcoin is a limitless currency that enables anyone to send money easily and quickly, virtually anywhere in the world. The revolutionary technology behind this digital currency has made it one of the most talked about topics in the financial world. But many countries around the world do not support Bitcoin so its supply is limited.
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goldkingcoiner
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August 25, 2023, 12:06:04 PM |
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As far as I understand it, there is no way to divide a Satoshi into multiple parts, therefore if the human population was a greater number than all the satoshis in the world, then it would not be possible for everyone in the world to own Bitcoin. But that's unrealistic if you think about how many satoshis there are. More realistic would be to say that not everyone in the world can own 1 BTC or more, since there are only 21 million that can exist. This is a good thing since the value of Bitcoin will keep going up and will never be subjected to inflation.
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Pandu Geddon
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August 25, 2023, 12:09:21 PM |
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Yes, theoretically, everyone in the world can have Bitcoin. Bitcoin is a decentralized digital currency that operates on a global peer-to-peer network. As long as individuals have access to the internet and the necessary technology (like a computer or a smartphone), they can participate in the Bitcoin network by creating a wallet and acquiring Bitcoin.
Bitcoin is a digital currency that is revolutionizing the traditional monetary system. Unlike conventional currencies, it is decentralized and not under the control of a central authority. Bitcoin is a limitless currency that enables anyone to send money easily and quickly, virtually anywhere in the world. The revolutionary technology behind this digital currency has made it one of the most talked about topics in the financial world. But many countries around the world do not support Bitcoin so its supply is limited. does not support as a means of payment that allows replacing fiat worldwide. that's the problem right now. but some countries are open to ownership of Bitcoin as an asset. so everyone can have it, all over the world that allows the internet to reach. this is what changed the world's view of Bitcoin. which originally wanted to be a solution to freedom in the world financial system. in fact now the focus of some people is to have Bitcoin as an asset, not to use Bitcoin as a means of payment like Fiat.
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Hypnosis00
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August 25, 2023, 12:16:24 PM |
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Can be possible yes but less possible. Why? I was talking about those very poor people who can't really afford to buy gadgets and those people who can't really make investment as their priority, we can't expect them.
Because what I see Bitcoin is just for those who are capable enough to spend their money and risk it. In fact, even rich people had ignore Bitcoin knowing that they can afford to have it but because of its risk and its volatility, many people will remain doubtful and are unwilling to invest.
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Peanutswar
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August 25, 2023, 02:01:15 PM |
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If you are specifying with a small portion of the bitcoin which is the satoshi, people can have this even just a small amount as long as the supply of the bitcoin is not yet cut until becomes limited people still have the capability to buy, but if you are referring to a 1 BTC itself few people only have this single value or even large number of it which is the whales can be included even the bitcoin is decentralized whales have the chance to manipulate the price of it but again we are talking about the Bitcoin not the value.
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