Fivestar4everMVP (OP)
Legendary
Offline
Activity: 2366
Merit: 1080
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 01:46:33 PM |
|
I came across this post on X, the post was made by a user by the X handle Bitcoin_apex, I found this post really thoughtful and decided to share the same here ,the post indeed changed my reasoning, that is, what may perception or perspective used to be when ever the discussion of how early we are with Bitcoin comes up .. Let's all read what Bitcoin_Apex has to say ... Every Bitcoiner knows about the famous 10,000 Bitcoin for two pizzas (~$40) - the exchange in 2010 where Bitcoin was first used as money. Even though 10,000 Bitcoin now means complete financial freedom, many people see this as a reason to believe that the Bitcoin train to financial freedom has sailed. This is not the case, and the answer lies in Bitcoin's monetary policy. Bitcoin Pizza Day happens many hundreds if not thousands of times every single day around the world. What was 10,000 Bitcoin in 2010 is ~150,000 Satoshi today and 10,000 Satoshi instead of 10,000 Bitcoin for two pizzas in the not too distant future. Due to Bitcoin's absolute scarcity and clearly defined inflation plan that can always be determined in terms of time, it cannot be otherwise than that a unit of these 21,000,000 steadily becomes more valuable and thus fragments of these units as well. Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin. Bitcoin as network effect and the economically highest incentive structure that a money and commodity has ever been able to achieve since humans have existed, will create extreme demand and need, so that the one percent will become 2, 4, 8, 16... We spend 150,000 Satoshi today. Maybe even for two pizzas. In the year 2068, those two pizzas will be a whole block subsidy and certainly more than 1% of humanity will have discovered the final step in the evolution of money by then. We're not even in the infancy of this Bitcoin evolution, we're only just putting it on. The end..What thing I've leant from this comment is to be long sighted when it comes to Bitcoin , many of us investing in Bitcoin are short sighted about it, Bitcoin has the power to live and become as old as gold is, think of what the value of Bitcoin would by the time it becomes 50 years old , 100 years old, 200 years old and even more with a limited supply of 21 million coins? Many of us are investing in Bitcoin with a mindset like "let's have our own slice of the cake as quick as possible before Bitcoin disappears in a few years to come", what an error 🙃.. Freely chip in your thoughts/contributions .
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
lizarder
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 02:18:19 PM |
|
What thing I've leant from this comment is to be long sighted when it comes to Bitcoin , many of us investing in Bitcoin are short sighted about it, Bitcoin has the power to live and become as old as gold is, think of what the value of Bitcoin would by the time it becomes 50 years old , 100 years old, 200 years old and even more with a limited supply of 21 million coins? Everyone who is in bitcoin must see the potential and views must also be put forward to believe that this system is far more perfect than any system that has ever existed before. The limited amount of supply that cannot be manipulated, the tendency to maintain value and resistance to inflation and recession are its strengths. This is where the added value makes bitcoin look different, but its advantages and functions will not provide any results for everyone who is not involved in it because bitcoin needs a process in terms of supply and demand to stay alive. Forming a belief in bitcoin is not easy, it requires consideration and scrutiny through knowledge so that when you decide to accept bitcoin as an investment, you are no longer talking about the risks and impacts, but how to try to minimize these risks to achieve profits. Remember, if bitcoins were worthless in the past, why are they one of the best investments today the answer is in each of us. Many of us are investing in Bitcoin with a mindset like "let's have our own slice of the cake as quick as possible before Bitcoin disappears in a few years to come", what an error There's nothing wrong with thinking about taking part as quickly as possible before bitcoin disappears because any product has its time and in the end no one can guarantee how long bitcoin will last. This kind of thinking does not substantially show the strength of bitcoin in the future because if you look at the process, something that is of value is definitely influenced by demand and supply, but it is important to gain trust and more potential answers, why can bitcoin survive in the long term.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
mvdheuvel1983
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1134
Merit: 384
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 02:21:45 PM |
|
We are still very Early in fact we are like the first colonizers.
What I think is that for a lot of people, their perspectives have begun to shift from how much they're in dollars their bitcoin holding is worth to how much bitcoin they have and could keep accumulating. As the world is getting more educated about bitcoin the shift is going from bitcoin could make me rich to if I hold it long enough my generations would never have to live off of fiat for the rest of their lives.
|
|
|
|
so98nn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 02:31:06 PM |
|
Every thought is correct and everyone has different thought. For me I have personally derived bitcoin as the onset of my personal financial freedom. I am not even from the technology field yet I started learning about how to perform mining. What is the OS required, how to set up the pool, the hardware and almost every bit of it. It was hard level for me but I did it anyways and kept my learning mode on for Bitcoin.
This might read as indifferent thought and it is because I am that much motivated about Bitcoin and hence I ate Forward to learn it in deep pockets.
This is just start.
Imagine what will happen in the future when there will be students who are passing out with degree in Blockchain or Bitcoin? It would be enormous era for Bitcoin. They will create something so sophisticated that current peeps are not even imagining it right.
It might not even be just dominating financial market but could change entire face of the monetary system.
|
|
|
|
Who is John Galt?
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 03:32:57 PM |
|
Many of us are investing in Bitcoin with a mindset like "let's have our own slice of the cake as quick as possible before Bitcoin disappears in a few years to come", what an error 🙃..
How many of us really believe that bitcoin will disappear somewhere in a few years? There is more expectation that the opportunity to get your share of bitcoin will become less accessible to many. If anyone reads enough discussions here on the forum, they will see that many countries and large companies are building the infrastructure to support mining for a very long time, and it is unlikely that they are doing this in order to lose everything in a few years. Thus, even if you do not study bitcoin deeply enough, you can draw your own conclusions based on how many very large and significant players in the world feel about bitcoin. I definitely don't expect bitcoin to go anywhere in a few years. I'm sure it'll be with us for a very long time. Not forever just because nothing is forever.
|
|
|
|
Faisal2202
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 04:56:31 PM |
|
Yes we definitely are still early users of BTC. Well that's what at least I think. The only difference between early users (2009) and us is: We do not have to options to get more BTC in lesser work. While Back then simple task in faucets could make us 5 BTC or more. Point is, we have to work and get BTC or buy BTC whatever the purpose is same. ---> "let's have our own slice of the cake as quick". I just made a similar post here in which I said to the OP of that topic that your history book might not run or gain any traffic now as BTC did not become history instead it is still making history and no one likes to read books which consists of half history knowledge. But the sad reality is we might not be alive to see the mass adoption and how far BTC has went. But hey at least we are enjoying the present.
|
|
|
|
SquirrelJulietGarden
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 05:04:21 PM |
|
Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
The value of Bitcoin comes from itself, not because 1% or 2% of people on Earth know about it, familiar with its strength. People can use US dollar or gold more than bitcoin but they have less values than bitcoin on market, purchasing powers are smaller than Bitcoin purchasing power. In cryptocurrency, if you know Bitcoin, you know about Ethereum but it does not help Ethereum to have same value as Bitcoin. So the value of Bitcoin comes from something else like its total supply, its decentralization and usability.
|
| | | | | | | ███▄▀██▄▄ ░░▄████▄▀████ ▄▄▄ ░░████▄▄▄▄░░█▀▀ ███ ██████▄▄▀█▌ ░▄░░███▀████ ░▐█░░███░██▄▄ ░░▄▀░████▄▄▄▀█ ░█░▄███▀████ ▐█ ▀▄▄███▀▄██▄ ░░▄██▌░░██▀ ░▐█▀████ ▀██ ░░█▌██████ ▀▀██▄ ░░▀███ | | ▄▄██▀▄███ ▄▄▄████▀▄████▄░░ ▀▀█░░▄▄▄▄████░░ ▐█▀▄▄█████████ ████▀███░░▄░ ▄▄██░███░░█▌░ █▀▄▄▄████░▀▄░░ █▌████▀███▄░█░ ▄██▄▀███▄▄▀ ▀██░░▐██▄░░ ██▀████▀█▌░ ▄██▀▀██████▐█░░ ███▀░░ | | | | |
|
|
|
Z-tight
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 05:17:53 PM |
|
The only difference between early users (2009) and us is: We do not have to options to get more BTC in lesser work. While Back then simple task in faucets could make us 5 BTC or more. Point is, we have to work and get BTC or buy BTC whatever the purpose is same. ---> "let's have our own slice of the cake as quick".
I know it was easy to mine BTC before and if you were lucky you could earn BTC for free, but i don't think the early adopters were lucky or that they earned BTC with a lack of effort, in my honest opinion those early adopters who mined BTC on their laptops and believed in Satoshi's idea of decentralized money did the most work, if they didn't believe in this censorship resistant currency and didn't mine, spend or give it out for free, BTC prolly wouldn't have developed to this level, and the current value of the currency may not have been possible. I like to read posts like it. They give me hope that i will be fucking rich one day
I wish you goodluck on that, but don't see BTC as a get rich quick route.
|
| | | | | | | ███▄▀██▄▄ ░░▄████▄▀████ ▄▄▄ ░░████▄▄▄▄░░█▀▀ ███ ██████▄▄▀█▌ ░▄░░███▀████ ░▐█░░███░██▄▄ ░░▄▀░████▄▄▄▀█ ░█░▄███▀████ ▐█ ▀▄▄███▀▄██▄ ░░▄██▌░░██▀ ░▐█▀████ ▀██ ░░█▌██████ ▀▀██▄ ░░▀███ | | ▄▄██▀▄███ ▄▄▄████▀▄████▄░░ ▀▀█░░▄▄▄▄████░░ ▐█▀▄▄█████████ ████▀███░░▄░ ▄▄██░███░░█▌░ █▀▄▄▄████░▀▄░░ █▌████▀███▄░█░ ▄██▄▀███▄▄▀ ▀██░░▐██▄░░ ██▀████▀█▌░ ▄██▀▀██████▐█░░ ███▀░░ | | | | |
|
|
|
Upgrade00
Legendary
Offline
Activity: 2142
Merit: 2300
Playgram - The Telegram Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 05:18:38 PM |
|
I'm fully in agreement that we are still early and majority of people have not yet gotten on the Bitcoin train yet. But we already have come a long way and should not expect the kind of growth we got when Bitcoin was starting up from zero and looking for some sort of value. Over the next 5, 10 and 15 years Bitcoin will grow tremendously but I read no where as near as what we had over the last 10-15 years and that's normal. think of what the value of Bitcoin would by the time it becomes 50 years old , 100 years old, 200 years old and even more with a limited supply of 21 million coins?
Majority of users here can look towards the next 50 years but not beyond that and they will want to get return on their investment while they are still alive. How high can it go within that timeframe?
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
|
|
|
Onyeeze
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 06:03:00 PM |
|
I like to read posts like it. They give me hope that i will be fucking rich one day
Reading of posts make very big sense the way I do see it, but I believe that is one of the things that make some people to feel some how the way I'm seeing it, when you fail to read articles written by others people you will be feeling any how, so I believe that the best way to understand something that you don't know is by reading and researching on what to do properly, so many people in the forum learn from others theory of research, that is why we all value here, bitcoin we discussed here many doesn't know how bitcoin works before but at looks of things we learn and understand bitcoin here properly.
|
|
|
|
stompix
Legendary
Offline
Activity: 2996
Merit: 6552
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 06:52:16 PM |
|
Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
But you were just saying a few weeks ago we're at 5% global adoption and Bitcoin usage! Now 99% of the world doesn't have a clue about Bitcoin! Lol! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) This is not the case, and the answer lies in Bitcoin's monetary policy. Bitcoin Pizza Day happens many hundreds if not thousands of times every single day around the world. What was 10,000 Bitcoin in 2010 is ~150,000 Satoshi today and 10,000 Satoshi instead of 10,000 Bitcoin for two pizzas in the not too distant future.
Never gets old! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F08%2F26%2FM4uof.png&t=665&c=kDEjT6nohfrRBA) Out of pure curiosity, why don't you look at things like this? In 2009 a Bitcoin was less than a cent, now it's 26k. This means in 2037 it's going to be 52k! Wouldn't that make more sense than thinking it will do x10 just because you want it to do? What I find really funny about these topics is that they pop like mushrooms when there is a dump, It's like everyone needs reassurance and start preaching to the choir as it would somehow magically words from people with the same mindset reported ad nauseam will somehow turn out to be true. Due to Bitcoin's absolute scarcity and clearly defined inflation plan that can always be determined in terms of time, it cannot be otherwise than that a unit of these 21,000,000 steadily becomes more valuable and thus fragments of these units as well. So this means every coin that has this limited supply and distributed plan will continue getting more valuable and valuable? Because if you say yes: - That's obviously not true no: - Then there is something more important than just the limited supply ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) People can use US dollar or gold more than bitcoin but they have less values than bitcoin on market, purchasing powers are smaller than Bitcoin purchasing power.
This is a bit stupid, one Brazil Rial is worth 30 yen, does it make a better currency than the yen? Also, Bitcoin vs. gold, how do you do the comparison? One gram of gold, one kilo of gold?
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Kemarit
Legendary
Offline
Activity: 3192
Merit: 1383
Fully Regulated Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 06:57:21 PM |
|
And that's why majority might say that it's not that late to invest on BTC right now. You will hear others says that they have lost the opportunity and that those early birds are lucky. They might be true, but if you look at it, bitcoin is just like 10 years old++, so it is still in the infancy. Maybe there are a lot of things that had happen before and obviously halving is every 4 years so there are a lot of expectations from it. But if you we are going to look at like 20 years from now, we might say that we are also early birds in 2017-2023.
|
|
|
|
The Cryptovator
Legendary
Offline
Activity: 2338
Merit: 2209
Crypto Casino and Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 07:00:30 PM |
|
It's likely that even Satoshi, the creator of Bitcoin, didn't anticipate its current price when designing it for peer-to-peer transfers without intermediaries. The unpredictable path of Bitcoin over the years has shown how challenging it is to foresee its long-term trajectory. While we can't predict its future, historical patterns offer insights into how Bitcoin might respond. It's difficult to envision a swift replacement for Bitcoin, making long-term holders potentially significant beneficiaries in this situation.
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
darkangel11
Legendary
Offline
Activity: 2464
Merit: 1358
Don't let others control your BTC -> self custody
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 08:20:24 PM |
|
I agree with him, we're early, but bitcoin only based on time and holders. Holders are one of the pillars of bitcoin's demand and scarcity, but they aren't the only forces at play. Nowadays there's politics, traders, market manipulators, companies like blackrock and microstrategy, banks, whole countries like El Salvador and don't forget about miners who supply us with new coins that need to find their buyers, or the price goes down. Being here and buying for our future is important, but it's also important to disconnect yourself from the noise that people like Musk, or Fink are creating. I like to read posts like it. They give me hope that i will be fucking rich one day
If that's the view of riches is what's driving you, know that you may lack the required resolve to hold bitcoin for that long ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
usekevin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 08:27:35 PM |
|
It's likely that even Satoshi, the creator of Bitcoin, didn't anticipate its current price when designing it for peer-to-peer transfers without intermediaries. The unpredictable path of Bitcoin over the years has shown how challenging it is to foresee its long-term trajectory. While we can't predict its future, historical patterns offer insights into how Bitcoin might respond. It's difficult to envision a swift replacement for Bitcoin, making long-term holders potentially significant beneficiaries in this situation.
The Satoshi may not expect this much demand of Bitcoin after a decade,because now bitcoin was used as the mode of transaction.In some shops people use the bitcoin for their purchase as like the bank transfer.By just scanning the people sending bitcoin to the service providers.Now bitcoin was become a better place to keep your assets as like a gold.Since bitcoin is digital assets,we can't even tracked by the official of government.The bitcoin also used by the illegal transfer, it doesn't mean the bitcoin was created for such usage.
|
|
|
|
flyingcarpet
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 08:36:30 PM |
|
What thing I've leant from this comment is to be long sighted when it comes to Bitcoin , many of us investing in Bitcoin are short sighted about it, Bitcoin has the power to live and become as old as gold is, think of what the value of Bitcoin would by the time it becomes 50 years old , 100 years old, 200 years old and even more with a limited supply of 21 million coins? Many of us are investing in Bitcoin with a mindset like "let's have our own slice of the cake as quick as possible before Bitcoin disappears in a few years to come", what an error 🙃..
Freely chip in your thoughts/contributions . Most people's salary or income is barely enough to live on. And these people want more. It is their right to ask for it. But when there are no more jobs or higher salary options left, all that's left is to invest. This brings us to the answer to your question. People want good things to happen immediately or in the short term, not in the very long term. That's why they can't keep Bitcoin or other cryptocurrencies in their wallets for very long. Now they sell their crypto and try to live that life as soon as they get a chance to live a little better than theirs. We don't know how long our lives will last. We know that some cryptocurrencies will reach very high levels in 10 years, but we do not know if we will live 10 years. For this reason, investors' long or short-term investment preferences will always be different. Everyone lives their own preferences.
|
|
|
|
nakamura12
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 08:47:28 PM |
|
That is good indeed but the difference between me and those people who only think of getting a slice of cake before it will disappear is that I didn't think that way. As what I can see about Bitcoin, there are lots of things that a person can do with Bitcoin like using it as payment method when doing a transactions either buying, selling or even lending. People like that will surely miss things that can be done with Bitcoin in the future if they are only like that which is only to get a slice of it and then that's it.
|
| | | | | | | ███▄▀██▄▄ ░░▄████▄▀████ ▄▄▄ ░░████▄▄▄▄░░█▀▀ ███ ██████▄▄▀█▌ ░▄░░███▀████ ░▐█░░███░██▄▄ ░░▄▀░████▄▄▄▀█ ░█░▄███▀████ ▐█ ▀▄▄███▀▄██▄ ░░▄██▌░░██▀ ░▐█▀████ ▀██ ░░█▌██████ ▀▀██▄ ░░▀███ | | ▄▄██▀▄███ ▄▄▄████▀▄████▄░░ ▀▀█░░▄▄▄▄████░░ ▐█▀▄▄█████████ ████▀███░░▄░ ▄▄██░███░░█▌░ █▀▄▄▄████░▀▄░░ █▌████▀███▄░█░ ▄██▄▀███▄▄▀ ▀██░░▐██▄░░ ██▀████▀█▌░ ▄██▀▀██████▐█░░ ███▀░░ | | | | |
|
|
|
AngelB
Newbie
Offline
Activity: 10
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 08:53:32 PM |
|
Not True: You could call it (for example) "one shade of early" but "Damn Early With Bitcoin" does not match up with reality. In the early days BTC flew out of your CPU for free! A bit later the first Bitcoin were sold for less than a penny each. If you do the math, "So D@mn Early" ended a very long time ago. Now, there are still many exciting opportunities, but "telling the Newbies" how early it still is might not be the most honest approach. Sometimes it pays well to keep it real folks.
|
|
|
|
hatshepsut93
Legendary
Offline
Activity: 3038
Merit: 2155
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 09:48:10 PM |
|
Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
You're saying that if 99% of population converted to Bitcoin believers, the price would explode, but that's a very big if. These days most people who are not too young or too old are aware of Bitcoin. They know that it's some digital currency that goes up and down. And they are not interested. They are satisfied with fiat currency. So while there's a lot of potential for Bitcoin, that potential is not realistic. Adoption is stagnating, Bitcoin is not getting used increasingly more as a currency. The on-chain activity of less than 1 million transactions per day is laughably small compared to transaction volumes of fiat currency.
|
|
|
|
nelson4lov
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2023, 09:55:25 PM |
|
Not True: You could call it (for example) "one shade of early" but "Damn Early With Bitcoin" does not match up with reality. In the early days BTC flew out of your CPU for free! A bit later the first Bitcoin were sold for less than a penny each. If you do the math, "So D@mn Early" ended a very long time ago. Now, there are still many exciting opportunities, but "telling the Newbies" how early it still is might not be the most honest approach. Sometimes it pays well to keep it real folks.
I share the same opinion as you that Bitcoin still has plenty of opportunities dor anyone who cares enough to join the bandwagon but its not early. I saw Bitcoin at $500 couldn't buy (I would have, if I could ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ) , so I'd at least consider that price as being early. There would continue to be opportunities for newer bitcoin adopters even if the maximum supply cap is hit and that's not going to happen anytime soon too.
|
|
|
|
|