Cryptomultiplier (OP)
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March 20, 2024, 10:28:47 PM |
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Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply. BTC will be fully in existence and all mining activities will have to cease at the time. The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
Source: https://www.investopedia.com/bitcoin-halving-4843769![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F03%2F20%2FJcHnz.jpeg&t=665&c=ugZQ-BxqmIteDw) So many FUD and FOMO has been created in order to poke holes at the vision of Satoshi Nakamoto for Bitcoin and to scare potential investors from investing in cryptocurrency, but one thing for sure is that all these cases only stands to test the authenticity and credibility of Bitcoin as a decentralized crypto currency with good store value and with potential of giving good profit. I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this; * how old would you be by 2140? * What's your excuse for not investing in owning Bitcoin now?
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Orpichukwu
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March 20, 2024, 10:47:47 PM |
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It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. And to answer the next question: Bitcoin halving is not part of the reason most people invest in bitcoin; it's just that the halving reduces the reward the miners receive, which means the supply that is to go into the market will reduce, which will spike the price upward. We can't enjoy all the profit that will come from Bitcoin; let's just take what you can and leave the rest for those who will be here to enjoy it. Besides, even before that time, you will be able to enjoy the benefits of your holdings long before the person gets very old and can transfer the holdings to the next generation if necessary.
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oktana
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March 20, 2024, 11:00:01 PM |
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Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
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Cryptomultiplier (OP)
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March 20, 2024, 11:28:50 PM |
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It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. And to answer the next question: Bitcoin halving is not part of the reason most people invest in bitcoin; it's just that the halving reduces the reward the miners receive, which means the supply that is to go into the market will reduce, which will spike the price upward. We can't enjoy all the profit that will come from Bitcoin; let's just take what you can and leave the rest for those who will be here to enjoy it. Besides, even before that time, you will be able to enjoy the benefits of your holdings long before the person gets very old and can transfer the holdings to the next generation if necessary.
I included a brief talk on the halving to iterate or bring to speed the newbies that may have been seeing the word fly around this forum without having as much understanding of it or as to why. I also think with this reminder of how much time is left, it would be wise to key in and follow a plan to profit from BTC despite any FUD or FOMO. We should do well to start teaching the younger ones or our offsprings or those we care for, about BTC and cryptocurrencies in general so that they can be fully equipped and engaged in it before we get old, tired and die with the knowledge and a wallet of coins.
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Pi-network314159
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[btc] or nothing more 📈💹 up we go
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March 20, 2024, 11:41:18 PM |
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Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
You are correct about that. 115 he assumes is just for a new born baby who will start counting from this day because those who might be 30+ or 40+ or 50+ may never even leave to see 2070 talk more of 2140 actually no one is thinking of such. I'm as much as people believe so much in Bitcoin doe not mean every one must leave to see the end of it but many will leave to see it. Just like most people may have prophesied about Bitcoin, but where not able to see the results of the prophesy probably because they are no more, but we are a living witness to it today. So shall we also goin' to prophesy about bitcoin and another generation will see it. Bitcoin is remain forever but man have limited days.
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alastantiger
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March 20, 2024, 11:58:42 PM |
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FOMO Or the mere thoughts of investing in BTC is this; * how old would you be by 2140? * What's your excuse for not investing in owning Bitcoin now?
By 2140, I'll have been old enough to have witnessed 10 American presidents. I don't have any excuse for not investing in Bitcoin because I am already doing that. Rather you should ask me what's stopping be from expanding my knowledge about Bitcoin. And the answer is Bitcoin space is so wide that when I think about it, I don't know if I should focus on learning about mining, or the technical aspect. I am just too non-technical for it. I have a desire to teach Bitcoin to business executives but I am just too scared thinking that they may not be receptive enough.
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NotFuzzyWarm
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March 21, 2024, 12:10:53 AM Last edit: March 21, 2024, 01:17:07 AM by NotFuzzyWarm |
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Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply. BTC will be fully in existence and all mining activities will have to cease at the time. Emphasis is mine: Just because all 21M BTC will have been mined does NOT mean the end of mining. Mining will NOT cease because Rewards will have been replaced by the Fees as intended. Already many times this year block Fees have exceeded the 3.125 BTC Reward coming up after the halving in April. You do know that Bitcoin cannot exist without mining right? * how old would you be by 2140? I will be long dead by then so as old as I am when I die. Knock wood, around 85-95 or more years old based on my family history. * What's your excuse for not investing in owning Bitcoin now? Um, I've been mining since 2014 and already own more than enough BTC to last me...
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Troytech
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March 21, 2024, 12:46:30 AM |
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I'll rather get a different point from this topic, I think this should act as a motivation to many others thinking they are too late to start buying bitcoin this should be a motivation that bitcoin would far outlive many of us and we are still to early to be complaining about price, many of our generation woudl be blessed if we buy bitcoin and stkre for them even if we are no able to use it all or end up over accumulating, it's far better that way that to actually have none, apart from for our generation any one that holds bitcoin for up to 29 years whoke still in his youth and accumulating steadily maybe with up to 1k monthly DCA or weekly based on his income while his mate spend it on parties would be close to having 1 bitcoin in 3 years if he does it monthly and this is not a very bad achievement to accomplish in less than 20 years cause only God knows what bitcoin would be worth then.
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Darker45
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March 21, 2024, 12:55:29 AM |
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BTC will be fully in existence and all mining activities will have to cease at the time. I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined. * how old would you be by 2140? * What's your excuse for not investing in owning Bitcoin now? *I'm sure none of us here, and anybody alive today for that matter, would still be breathing in 2140, so there's no point asking for our age by then. We'd all be long dead already. *I don't think there's somebody in this forum who has an excuse for not investing or owning Bitcoin. I don't think this question is reasonable here. This could be asked in some other non-Bitcoin centered forum.
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hd49728
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March 21, 2024, 01:36:03 AM |
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It's 116 years from now and if you will be born in 2024, you will not likely still be alive in 2140. But the reality is worse than that, you were born much earlier than 2024 as now you can read, write, use devices to connect to Internet and access the forum. Very likely you are at least teenager at this moment so it is very impossible to be alive in 2140. Even if you will be alive in that year, your body and mentality will not likely be good. So please don't care about what will happen after you already die. See Bitcoin controlled supply and Bitcoin Equivalent Network Time.
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pinggoki
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March 21, 2024, 01:51:53 AM |
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Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
As much as I agree with your sentiment, I can't help but be an optimist that it's never going to happen and the world ending weapons that superpower nations have are going to create a stalemate that would make it so that we live in an artificial kind of peace. I think that humanity would be able to survive until that time and even though the current politics is so heated, it's probably in our best interest to know that they're all empty threats and the media just wants us to get scared so we can't have meaningful thinking, all paranoia no dialogues. Regards to how old I'm going to be, I'd rather not answer that because it seems to me like it's on the side of personal information and I don't think I'll ever be revealing any of that but I'm definitely a dead man by that time and the only way that I can witness that is if along the way, we got rid of death or old age. I'm curious as to what's going to happen to this forum after those years, that's going to be something worth looking out for if you ask me, rather than the age of the people in the bitcoin space, it's the second most that I'm curious about. To you @oktana, stop the doomscrolling on your social media, get out of the house, ask your friends or loved ones to go out with you, it's better if you enjoy each day and not be worried too much about what you can't control over the other countries, sometimes ignorance is a bliss.
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Luzin
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March 21, 2024, 02:13:39 AM |
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* how old would you be by 2140?
If I was still given life I would be 151 years old. But it seems that I won't make it to that age. * What's your excuse for not investing in owning Bitcoin now?
My reason is to make a profit (money) to help improve the family's economic situation for the better. This is because my salary is certainly not enough for me to save for the future. So I currently use crypto investment partly for the short term and long term.
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BlackBoss_
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March 21, 2024, 02:27:21 AM |
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Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply. BTC will be fully in existence and all mining activities will have to cease at the time. Bitcoin network is lively operating by Proof of Work (PoW) consensus. Who works on the network? Miners Nodes Bitcoin miners spend their inputs like ASICs (in the past are CPUs, FGPA, GPUs), to find blocks and get their income through both sources: block subsidy that halves every 210,000 blocks about 4 years; and from transaction fee. Their income will be good if one of two income sources is good or both are good, it will be perfect for them. Bitcoin network will continue after 2140 when all 21M bitcoins mined by miners, because miners will continue to get income by confirm transactions and receive transaction fee. Bitcoin mining historyHow is the 21 Million Bitcoin Cap Defined and Enforced?What Will Happen to Bitcoin After All 21 Million are Mined?What happens after all 21 million bitcoin are mined?
Miners don't only mint new coins - they also collect transaction fees. It's called a "block subsidy" for a reason - the issuance of new coins is only meant to help bootstrap the system while the transaction volume is low. As Bitcoin adoption increases, so does demand for (limited) block space and thus so do transaction fees.
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bluebit25
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March 21, 2024, 02:30:08 AM |
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2140?
I'm not sure what we're thinking, but most of the people here are >100 years old and even >200 years old, but ironically we don't have enough longevity to see everything happen. It's like how the kings of the past thought about their current lives, vaguely, but always wished everything well in the future.
Because I have had some memorable experiences with bitcoin, I am sure that I will always be ready to buy bitcoin when I have free money, at this stage the excitement of growth brings excitement. There are many stories that are repeated as well as talked about bitcoin.
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TravelMug
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March 21, 2024, 02:40:58 AM |
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I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this; * how old would you be by 2140? * What's your excuse for not investing in owning Bitcoin now?
Obviously no one here will be alive at 2140. But you don't need to wait to be able to see that almost all bitcoin has been mined. And that date as well is just an estimate, so it could be +/-. That estimation is based on "every block is solved every 10 minutes". But no, some blocks have been found less than 10 minutes or more than. https://en.bitcoin.it/wiki/Controlled_supplyAnd by year 2032, as per that table, almost 99% of bitcoin have been mined. So that time, for sure some of us will still be alive. As the last 1% will be mined till 2140. So we will get the feel already that again "almost all bitcoin has been mined already".
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kamvreto
Legendary
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Activity: 1974
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
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March 21, 2024, 02:57:45 AM |
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Waiting for Bitcoin to finish in the mine will take hundreds of years from now, will we still be alive after 100 years? is it still a mystery, or we will only survive half of it. We don't expect to see what the future will be like with Bitcoin, we just have to give our next generation an understanding of how Bitcoin will work in the future. Giving an inheritance in the form of bitcoin assets would also be an extraordinary inheritance. we just need to be prepared for that.
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Ben Barubal
Member
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Offline
Activity: 532
Merit: 17
Eloncoin.org - Mars, here we come!
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March 21, 2024, 03:44:31 AM |
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The question is, is the world gone? It's hard to answer a question that hasn't actually happened yet. Then why do you want to know the ages of the community in that year? What is the connection with Bitcoin when you ask the age of the people here?
While there's no doubt that it's okay for me to invest in bitcoin, I just can't quite figure out how your question relates to the topic discussed here in this section. It's like you gave a source link that is also unrelated to the title you made here.
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CryptSafe
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March 21, 2024, 04:02:58 AM Last edit: March 21, 2024, 04:18:03 AM by CryptSafe |
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It is not necessary to know if one will be alive or dead when the last bitcoin would be halved. The process is already programmed or automated for that time, if I am not mistaken. So therefore, it would definitely take place when the time comes for bitcoin to halve. Currently, we are just a few weeks away from halving, and we are all anticipating a good turnout as a result of the forthcoming halving. So therefore, age should not be a hindrance to being an investor or a bitcoin hodler. It would even be better because your children would inherit your bitcoin investment if you were no more, and it goes from generation to generation.
With the above, I see no reason why one can not have the zeal and passion to get bitcoin for themselves as a long term investment plan. Even though one can not buy bitcoin, one can render services to earn bitcoin in payment for the services rendered. Skills, freelancing, etc. are just some of the things that can earn one bitcoin if they choose to do so. However, other business ventures can decide to accept bitcoin if they deem it fit to do so.
Nevertheless, I believe the fuds and fomos are just a strategy by some group of few individuals who are always at their convenience to cause pannick while manipulating the market in their own favor so that the faint-hearted would be fast to sell in order not to get trapped in the market while making huge profit from the market. Recently, this was the case in bitcoin market and as usual, there was a drop in the price of bitcoin, leaving room for them to invest, ie buy more bitcoin to add to their already existing portfolio and allow the price to rise so they could take more profit
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albon
Legendary
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Activity: 1820
Merit: 1477
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March 21, 2024, 05:16:56 AM |
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I also think with this reminder of how much time is left, it would be wise to key in and follow a plan to profit from BTC despite any FUD or FOMO. We should do well to start teaching the younger ones or our offsprings or those we care for, about BTC and cryptocurrencies in general so that they can be fully equipped and engaged in it before we get old, tired and die with the knowledge and a wallet of coins.
Your response clarifies what you mean in your topic, and yes, indeed, everyone should teach their relatives, children, or even grandchildren everything related to this digital gold. Because certainly, no investor will live until 2140 and witness the 32nd Bitcoin halving event, so he should pass what he learned to his close ones or leave them a quantity of Bitcoin to secure their future and so that they can continue after him his career in this profitable field without interruption. With their sufficient knowledge and necessary experience, they can also engage in Bitcoin investment. Perhaps 100 years from now, we could be a good memory for them and a reason for their future happiness from the wealth they managed to accumulate from their long-term investments and holdings over time. As Bitcoin rises to the highest peak and levels it has achieved in the past, there will be no more Bitcoins created, and miners will depend on transaction fees.
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BuyingBitcoin
Jr. Member
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Merit: 6
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March 21, 2024, 05:22:59 AM |
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Every single one of us on this forum right now are millionaires. The amount of Bitcoins we own right now is worth millions by 2140. The truth is that none of us would be able to spend the money on goods and services since 2140 is outside our life expectancy.
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