Bitcoin end scenario

[bmo88]

Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.
What made me switch tune was the US creating a reserve and finding MicroStrategy.

However, I'm concerned about the end game.

Here it is, let me know how dumb I am.

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

[promise444c5]

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

Still, it’s a much better option than trusting a broken monetary system. At this point, most people have at least heard of Bitcoin but sure, not everyone understands it fully yet, that’s where education comes in. It doesn’t take much to look up free resources online unless someone’s completely disconnected from the internet (which is a different issue altogether).

Outside of that, anyone still ignoring this space is turning a blind eye to a massive shift. There’s still time to stack sats before it truly becomes scarce. Hopefully, regular John catches the ship before it heads to the moon.

[The Cryptovator]

End game? Are you talking about Bitcoin or shitcoin? Come on, man, Bitcoin isn't a shitcoin. Shitcoins have an end, but for Bitcoin, it won't happen ever. Due to Bitcoin's decimal, I mean Satoshi, anyone can buy it at any time. Never mind if Bitcoin hits $1M, but it will still be purchasable by retail investors. That fact you mentioned about institutional investors isn't fully true. Institutions acquiring large amounts of Bitcoin doesn't mean they could control it due to decentralised behaviour. So I am not concerned about institutional investors at all; they aren't harmful for Bitcoin; rather, they are adapting it.

Forget about everything; let's say Bitcoin is live on chain. It will still work what it was created for. The goal of Bitcoin was to make borderless transactions without a third party. This will remain the same as it is. No one can divert the goal of Bitcoin. But lately we just consider Bitcoin as an investment opportunity. Overall, I can assure you the Bitcoin game won't be ended.

[coyhasmon]

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

This is a very dumb thinking sequence because your ending is already what we have today just using fiat currency. Nothing that happens around Bitcoin can make things worse than they already are. Fiat is robbing 99% of the population every day all day long.

End game? Are you talking about Bitcoin or shitcoin? Come on, man, Bitcoin isn't a shitcoin. Shitcoins have an end, but for Bitcoin, it won't happen ever.

You didn't even read the post but just responded to the title, didn't you? 

[mindrust]

You can always limit your exposure to bitcoin. I don’t know your asset portfolio structure but hopefully you are not going all in on bitcoin because like you noticed, there might be some dangers ahead.

Not owning bitcoin is equally dangerous, sometimes even fatal.

Btc is a decentralized asset. If in the future somehow something happens to it, there won’t be anybody taking responsibility. Whatever you had bitcoin will be gone.

But if it keeps rising, you will also be sorry because btc is on its way to reach a million usd. It not a matter of if anymore.

[Cryptohygenic]

I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.

What made me switch tune was the US creating a reserve and finding MicroStrategy.

You are on the right track. Anyhow there is always that Which would motivate the skeptics who never believed in bitcoin to have a change of mind.
But let me just say, bitcoin is not investment risk free. Perhaps the market volatility system could emotionally have behavioral influence in you if you have not made it your mind to be patient. Not just about having budgeted funds to stack

Don't also forget to emergency or Short term expenses so that you can set up better bankroll drastically and invest with amount that would not obstruct your savings. Don't also forget to diversify if because it is necessary.
Don't also bump along with the whalers because they have enough. React according to what you can afford

[bmo88]

You can always limit your exposure to bitcoin. I don’t know your asset portfolio structure but hopefully you are not going all in on bitcoin because like you noticed, there might be some dangers ahead.

Not owning bitcoin is equally dangerous, sometimes even fatal.

Btc is a decentralized asset. If in the future somehow something happens to it, there won’t be anybody taking responsibility. Whatever you had bitcoin will be gone.

But if it keeps rising, you will also be sorry because btc is on its way to reach a million usd. It not a matter of if anymore.

My bitcoin holding is only 10% of my total investments. Having a family makes it hard to make it any more than that...

Also guys, yes, my takes are dumb! See my title under my name? "newbie" 

[lionheart78]

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy

Isn't there already a major wealth gap between wealthy and poor people?  This isn't something new and the world has long existed with it.  Besides, Bitcoin has given an opportunity for people who have insights to be among the wealthy.

major wealth gap and misery for most of the world except us --> sad state

I do not think this is a sad state, if we are among those who had improved our lives with Bitcoin, then it would be a happy state.   Besides, there are lots of opportunities out there, we must know that opportunity is not limited to Bitcoin investment profit.  It is only one of the many options for opportunity so if people missed out on Bitcoin, they can still have other opportunity and it is up to them to grab these opportunity.

[Cryptomultiplier]

You can always limit your exposure to bitcoin. I don’t know your asset portfolio structure but hopefully you are not going all in on bitcoin because like you noticed, there might be some dangers ahead.

Not owning bitcoin is equally dangerous, sometimes even fatal.

Btc is a decentralized asset. If in the future somehow something happens to it, there won’t be anybody taking responsibility. Whatever you had bitcoin will be gone.

But if it keeps rising, you will also be sorry because btc is on its way to reach a million usd. It not a matter of if anymore.

My bitcoin holding is only 10% of my total investments. Having a family makes it hard to make it any more than that...

Also guys, yes, my takes are dumb! See my title under my name? "newbie" 

You can easily just stick to the DCA strategy of investment, seeing you have a lot of family responsibilities and other bills to look out for. Investment in Bitcoin isn't a do or die affair, the most important thing to understand it and the cryptocurrencies market and then know how to use the information to your advantage either by making payments for purchases or receiving payments via the block chain network  or for savings to achieve a future goal, the knowledge of Bitcoin and cryptocurrencies network in this day and age, is a plus for many reasons I can't possibly state.

[hyudien]

Op I just want to tell you "big/satisfying/profitable results start from small steps" so don't focus on domination out there but focus on your principle to collect bitcoin consistently. I am sure in the future 10 or 20 years from now even if you only have 0.0000000476% of the total bitcoin supply you will still be the lucky one.

[d5000]

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

You forget that regardless of the attractiveness of a single asset (in this case Bitcoin), people will still need the economy to satisfy their needs.

If the economy is doing well, then "Regular John" will have his job to be able to save money, and even if he loses some savings in a "fiat crash", he can probably recover them. Many of us here hope that Bitcoin will have positive consequences for the economy, such as less friction due to inflation, increasing the global standard of living. And thus "Regular John" will benefit from it too.

Besides of that, I consider a worldwide fiat crash unlikely. And even in that case: Most people don't save only in fiat. They save using stocks, real estate, ETFs, gold, and increasingly Bitcoin. Besides from fiat, all these goods will probably appreciate in a fiat crash, even if perhaps less strongly than Bitcoin. I live in a country with a weak currency, so literally nobody is saving in fiat (at least local currency) here. This behaviour would become popular globally if currencies like the USD begin to struggle.

This scare tale last year was also distributed by two well-known Central Bankers of the ECB (Ulrich Bindseil and Juergan Schaaf) in this text. For the reasons mentioned above, I think they're wrong. Just don't put all your savings into fiat.

[btc78]

Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.

your first mistake might be treating bitcoin like a sure thing

there are still risks and bitcoin is still volatile but it all depends on how you go about your investment and that is what makes a difference on the profit you will make

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

you do not need to equate the amount of fiat you have or have had just keep trying to invest through dca or whatever strategy fits you

[Ryu_Ar1]

We may not even be able to see what the end of bitcoin will be like considering that with the current conditions when talking about the end, it is clear that bitcoin has been mined (and even then it is not the end) so that by looking at the conditions of our age, I think those on this forum now will never see the end of bitcoin like what.

What is clear in this case is that when development continues to increase, the level of value will also increase, which of course will have a positive impact on bitcoin.
I will not see what the end scenario is but clearly I will still continue to enjoy the time I feel while in bitcoin because thinking too long even though it is good will also not have any impact so my focus right now is to buy (as long as I can) and hold until the time I go to arrive.

[Darker45]

I don't know if I'm raining on your parade but, my friend, Bitcoin isn't here to address the wealth gap. As far as the gap is concerned, Bitcoin is somehow disrupting the status quo because it might create new elites. But the gap remains. It always will, anyway.

What do you mean "any amount equal to the dollars they've saved"? Your savings in dollars will always have a corresponding amount in Bitcoin. You can convert those savings anytime. But you need to take note that your dollars are losing value, as designed, and if pitted against Bitcoin's value, dollar is losing value a hundred times faster.

What a certain amount of your dollar buys today in the grocery may still buy you the same things next year but it might not be the case with Bitcoin. What your savings may buy today might buy much less just a week later. So, you might want to decide to buy now.

[Luzin]

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

You might regret it if you never start. Start now and keep collecting. When I look at 10 years of bitcoin I understand that there is nothing wrong with starting to own. The problem with social inequality is that it will always happen. Our duty is to be responsible to us and our families. If you can afford it then help them. So collecting Bitcoin can be an alternative to helping them.

You can help yourself from inflation in the future. So that you have a better economy. You can create new businesses and jobs for them. There is no need to worry as far as Bitcoin is convincing. All trips must have risks, so you must be prepared with all the risks including the future scenario for Bitcoin.

[aoluain]

Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.
What made me switch tune was the US creating a reserve and finding MicroStrategy.

Thats a pity that it took you so long to come to Bitcoin and that it took talk about
a US reserve and Microstrategy to convince you. At least you made the jump!

However, I'm concerned about the end game.

Here it is, let me know how dumb I am.

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

What end game exactly? the end game you mention may not actually be that
scenario, it could be something else.

Anyway, whenever you buy Bitcoin you will get whatever $'s worth you spend, I dont
know why you would be worried you wouldnt.

Wealth gap - Bitcoin was never supposed to equalise the wealth gap, there will
always be a wealth gap, I would rather own Bitcoin and be on the strong side of
the gap.

So long as there is a financial mechanism there will be a wealth gap, just the same
as there was a wealth gap when people were using shells, some had more than
others because of trade and entrepreneurship.

[kotajikikox]

I don't know if I'm raining on your parade but, my friend, Bitcoin isn't here to address the wealth gap. As far as the gap is concerned, Bitcoin is somehow disrupting the status quo because it might create new elites. But the gap remains. It always will, anyway.

People treat bitcoin solely as a source of income. We will never be equal in terms of wealth because we all started from different points of life so do not expect to catch up immediately. Though if you work hard bitcoin can increase your chances of slimming down the wealth gap.

[Dunamisx]

Newbie to bitcoin here.
Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

Does this even pointed at the end of the game or the start of the game, there's more to uncover about bitcoin and that is the main reason behind why you're seeing the massive adoption increasing about it, so I want to hope that you're not mistaken your idea the wrong way, because bitcoin has been the central focus of economic opportunities and these had been why the government and other institutions are pressing further for more adoption.

[bitbollo]

this is the current scenario and even if we don't arrive to crucial conclusion we are on the right path.
after many years to follow this technology I am seeing an evident difference between people that use bitcoin and people that are doing without.
At a certain point, this is not my matter. Like a smoker. If you smoke cigarette you will have a serious health issue at a some point. "Yes I will quit someday".
Even if many know very well, that this is wrong, they just don't care. The same is happening with bitcoin...

[Zlantann]

However, I'm concerned about the end game.

Here it is, let me know how dumb I am.

Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state

Regardless of how expensive Bitcoin is, an average John will still afford it based on his financial strength. Bitcoin can be bought in bits, which means people can always buy a little from their personal savings.  With or without Bitcoin the gap between the poor and the rich will keep increasing.  We are gradually seeing the middle class disappearing in most societies due to the income gap. You don't need to worry about an end game, keep stacking and hodling, at least you will not be part of the misery if you have enough.

Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.
What made me switch tune was the US creating a reserve and finding MicroStrategy.

Let me also add that you shouldn't be too excited about the US proposing to use Bitcoin as a reserve. Political and economic decisions might change in the future.  It will be better to have confidence in the potential of Bitcoin as an asset.