zimmah
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September 16, 2014, 01:32:58 PM |
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if bitcoin becomes the worlds most used currency, which might happen in a few years/decades, even as 'little' as 1 bitcoin will make you the top 0.25% at least.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Beyonce
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Surfbort.
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September 16, 2014, 02:39:32 PM |
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if bitcoin becomes the worlds most used currency, which might happen in a few years/decades, even as 'little' as 1 bitcoin will make you the top 0.25% at least.
I seriously doubt it will become the worlds most used currency even within our lifetime but even if it becomes widly accepted worldwide it will probably make you very rich. |
Bow down, bitches.
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giveBTCpls
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September 16, 2014, 08:48:27 PM |
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We'll be talking in terms of satoshis, BTC will be for the top 1%. Thats why should start lossing the BTC thing soon in exchanges asap. People is scared to buy BTC because some of them don't even know it's divisible, so they think "fuck, how im supossed to spend 500$ on the fucking thing... screw it" and end up ignoring it. If we had mBTC or whatever, it would be better.
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JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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September 16, 2014, 11:16:11 PM |
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We'll be talking in terms of satoshis, BTC will be for the top 1%. Thats why should start lossing the BTC thing soon in exchanges asap. People is scared to buy BTC because some of them don't even know it's divisible, so they think "fuck, how im supossed to spend 500$ on the fucking thing... screw it" and end up ignoring it. If we had mBTC or whatever, it would be better.
You are correct that quite a few people think like that and NOT really understanding the divisibility features/conceptualizations - especially while they are still becoming acquainted with BTC. One way, as you suggested, is to work with mBTC rather than BTC or even smaller units; however, another way is just to educate people a little more thoroughly about the concept(s) of divisibility and other potentially confusing aspects of crypto money. |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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cuddaloreappu (OP)
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September 17, 2014, 06:22:07 AM |
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if bitcoin becomes the worlds most used currency, which might happen in a few years/decades, even as 'little' as 1 bitcoin will make you the top 0.25% at least.
I seriously love your attitude |
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InwardContour
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September 17, 2014, 06:31:36 AM |
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if bitcoin becomes the worlds most used currency, which might happen in a few years/decades, even as 'little' as 1 bitcoin will make you the top 0.25% at least.
I seriously love your attitude There's a huge difference from few years and few decades  I hope they will be valued something more in a couple of years! |
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Skrillex
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September 17, 2014, 09:57:01 AM |
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Most people will never own 1 btc, this is a fact. So do the math.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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September 17, 2014, 10:21:35 AM |
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Most people will never own 1 btc, this is a fact. So do the math.
Even though you do NOT describe exactly what you are asserting, there seems to be a lot of assumptions in your statement... and in that regard you seem to be assuming that 1BTC is enough - without providing a timeline or any idea for what a person would expect to accomplish with the 1 BTC in whatever timeline that would be. |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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omnidoge
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Activity: 86
Merit: 10
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September 17, 2014, 10:23:59 AM |
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Half a bitcoin is also a good investment as long as you invested it in a trustworthy company. |
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trader001
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September 17, 2014, 10:31:14 AM |
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Might as well do something else with the money if you only invest in 1 bitcoin.
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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September 17, 2014, 02:15:34 PM |
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Most people will never own 1 btc, this is a fact. So do the math.
So true. |
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ajareselde
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Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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September 17, 2014, 03:17:45 PM |
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Most people will never own 1 btc, this is a fact. So do the math.
So true. once again, you people blindly believe the price will go only up. im not saying that will not happen, but is is only one of the possibilities. 1 btc sounds like a good investment if it realy shoots up, also if it fails, its not much too loose it either. cheers |
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RodeoX
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The revolution will be monetized!
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September 17, 2014, 03:22:30 PM |
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"Investing" in bitcoin is not a good investment.
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richardramirez9
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September 17, 2014, 03:41:51 PM |
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Yes, it is the investment of your lifetime. Hold for 20 years then retire in tranquility as a crypto lord.
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cuddaloreappu (OP)
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September 17, 2014, 04:19:39 PM |
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Yes, it is the investment of your lifetime. Hold for 20 years then retire in tranquility as a crypto lord.
20 years! I think they have not yet developed a fully functioning and safe cryostatis pod |
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zorke
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September 18, 2014, 04:38:44 AM |
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"Investing" in bitcoin is not a good investment.
Exactly. If you were to "invest" in bitcoin then you would be doing nothing more then speculating, which is exposing yourself to significant risk |
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kingcoin111
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September 18, 2014, 07:08:12 AM |
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"Investing" in bitcoin is not a good investment.
Exactly. If you were to "invest" in bitcoin then you would be doing nothing more then speculating, which is exposing yourself to significant risk So are you saying that investing in bitcoin is not advisable? Are you joking? |
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Rakitich
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September 18, 2014, 09:28:20 PM |
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Not really a good investment. If you would hold on to it for months upon months you may be able to make a hundred or two. It's not worth the time.
Yeah, whats a better fucking investment then? (not sure if you are being sarcastic or not) |
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troisky
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September 19, 2014, 09:03:43 PM |
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Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins.  Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin? I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin. People don't have to buy a whole coin. They can just buy smaller fractions. This. Jesus fuck, how is it so hard to understand. |
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Meuh6879
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September 19, 2014, 09:30:00 PM |
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im not saying that will not happen, but is is only one of the possibilities.
1 btc sounds like a good investment if it realy shoots up, also if it fails, its not much too loose it either.
that why mining must stop (the 25BTC per 10min) at the end to permit to the early or big holder to sell and use the coins ... |
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