Topic: BItcoin: The path to $10,000,000 ten million dollars per coin - page 6. (Read 3118 times)

You Know, Just because you use large fonts with red , does not make what you say truthful,
just means you are a stupid loud SOB!  

OK, Class is in session , Pay attention Dumbass aka patroncito

Bitcoin has a set program code limit to the left of the decimal point, so 21 million is supposed to be the limit.
And that would be correct except for the following
In the Real World, the more you divide a material, the less value it has,
IE: Gas
Buying a gallon of Gas will take you ~25 miles in your car.
Buying a .00000001 gallon of gas , probably won't even be enough to get the gas out of the pump into your car's tank.
So .00000001 gallon of gas has no value and no practical use in the real world and no one would ever buy an amount that small.

In the Virtual World where Bitcoin Exists,
There is no such limitation of value loss by division
With Bitcoin , You can send 10 bitcoin , 1 bitcoin, ¼ bitcoin ,or .00000001 bitcoin to another address, and that is it.
It holds no other value. Only the value assigned by spectaculars against fiat.
So if Bitcoin was limited to it's lowest denomination of
1 bitcoin then the max bitcoin supply would be only 21 million

But there is no limit defined on the lowest denomination
1 Bitcoin  = a Max SUPPLY of 21 Million
½ Bitcoin = a Max SUPPLY of 42 Million
¼ Bitcoin = a Max SUPPLY of 84 Million
.00000001 Bitcoin = a Max SUPPLY of 2.1 QUADRILLION

So they are inflating to right side of the decimal point so stupid people like patroncito don't understand how they inflate the supply at a whim. Lightning Network is moving to 12 points below the decimal, inflating the offchain supply even further.
If there is never a limit placed on the right side of the decimal point, then Bitcoin has an unlimited inflation model bordering on insanity.
But they are counting on stupid people not to understand that.

So now you can see BADecker was correct in his earlier assertion:


Class Dismissed.      


 

I think the bitcoin price will rise too much. But I think the bitcoin price will not be $ 1 million. If Bitcoin is $ 1 million. Do we know who will have this power? I think all markets are in danger. I think a sensible price of 100000 dollars for bitcoin.

Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.

It's an insult to see this thread get more than 200 reponses.  This isn't going to happen in your lifetime if it ever does.  It's going to take probably fifty years to even get close let alone even 10% of that estimation.  Are you trying to make me puke?

This isn't a company owned by someone who knows what they're doing.  It's a shitfest of angry people who consantly abuse people trying to get attention and act like they are smart like the author of this post.  

Right. And when there is only one bitcoin left in the whole world, with a tiny change in the program, a satoshican be divided into billions of tinier pieces. Fiat does this through inflation.

Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.

Use the word Dumbass , and DooMad magically appears.
Almost like I called you up.  

Don't you think your daddy Carlton Banks is going to smack you.  

Price / Performance matters and only utter fools can't see that.

Bitcoin has priced itself out of the 3rd world countries already.
Only 1st world fools are buying it, and they have been running out of fiat since the 20K bubble burst.

Example,
A person can send an email for free.     (Faster  / Cheaper )
A person can mail a letter for 50 cents  (Slower / More Expensive)

Now you can claim the mail is more secure, but no one cares.
Faster Speed at Reduced Prices is more important.

Litecoin  (Faster  / Cheaper )
Bitcoin   (Slower / More Expensive)

As far as security goes , both have the same security, irrelevant of the energy wasted
Bitcoin is secured by no more than the top 4 BTC mining pool operators,
Litecoin is secured by no more than the top 4 LTC mining pool operators.  

Their is nothing bitcoin can do , that Litecoin is not doing Faster and at a lower cost.

It's an insult to see this thread get more than 200 reponses.  This isn't going to happen in your lifetime if it ever does.  It's going to take probably fifty years to even get close let alone even 10% of that estimation.  Are you trying to make me puke?

This isn't a company owned by someone who knows what they're doing.  It's a shitfest of angry people who consantly abuse people trying to get attention and act like they are smart like the author of this post. 

Talk is cheap.  Stop being fictional and come down to earth thanks.
If brookshire hathaway hasn't reach a million yet, bitcoin isn't going to even come close.  Stop being so dumb please.

The future of having to hold bitcoin is bright especially in this market dip. Most currencies are falling so badly and i know in no time, most countries would move in for either bitcoin or using other popular cryptocurrencies. Seriously if you are not investing into bitcoins at this age then you are really missing out big time. Buy and hold patiently for the bull market.

So you're a dumbass, that only thinks coins with bit in the front are valuable.
Enjoy your stupidity while it lasts. 
For others price / performance matters.

For the wealth transfer to happen, people have to be stupid enough to buy bitcoin at it's overly hyped price.
That amount of stupid people does not seem to exist at this moment in time.


Reason the price has been dropping since $20K, is they ran out of rich dummies.
Their is literally nothing bitcoin can do function wise that litecoin can't, and litecoin does it faster and cheaper.
      

You would have said the same when Bitcoin was @ 1 dollar per coin.

"iT is impossible for Bitcoin to reach 1'000 dollars per coin' (It went to 20,000)

...
Anyway, the number of bitcoins doesn't have to be matched to the world's GDP. For example, the amount of dollars in circulation is less than the U.S. GDP.
However, if Bitcoin completely replaced the dollar today, then 1 BTC would be valued at $1 million ($10 trillion dollars in the world / 10 million BTC). Let's shoot for 10% of that!