I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.
We don't only need these. Bitcoin is something I know that nobody is telling any other person currently to invest on, its like past three years or four year ago people bring other people into bitcoin investment, but I'm of tye opinion that internet alone is what is making bitcoin to have a wide awareness, because people that invested in bitcoin share their testimonies of their profits, you hear about bitcoin and you don't have to invest in bitcoin, so nobody will force to invest in bitcoin. Secondly its not good to advice someone to invest in bitcoin because of the disadvantages in bitcoin, its good to let the person know the positive impact of bitcoin and the negative impact of bitcoin before investing. 
Topic: Can everyone in the world have bitcoin. - page 3. (Read 884 times)
The greatest hurdle for bitcoin is the huge amount of technology and infrastructure needed to make it work, cash is just a piece of paper so it is natural that it has become widely adopted all around the world.
But even cash is not used by everyone, there are many remote communities which still use barter or that use their own currency, and bitcoin will have a lot of problems to get to those people as the requirements to use bitcoin are way higher than cash.
There is no doubt that cash is a piece of paper but it is the same piece of paper that is being used all over the world today; Some places may not use cash but still we cannot ignore the fact that using cash is common and everyone is doing it. Of course, bringing Bitcoin to remote communities is a difficult task, but with time even those people will become aware of Bitcoin. Currently, cash is more widely used than bitcoin. I think Bitcoin has no apparent existence, which makes it hard to replace cash. Bitcoin has been around for 14 years, but I think 90% of people around the world still don't know what Bitcoin is? Cash can be used by everyone and is a common everyday item, while Bitcoin is a digital currency that is not for everyone.
You are extremely stupid to think that "everyone" has Bitcoin. Look at the past! The wealthy have always controlled the economy, leaving the common people fending for scraps. even bank accounts, smartphones, and the internet! Right, not everyone is on board. So why would we anticipate Bitcoin to follow a different path? The story doesnt change just because we live in a digital age.
Leaders of powerful countries will undoubtedly pay attention, but by that time, the forerunners, the knowledgeable, and the daring, will be well ahead. What's left? attempting to catch up as usual. Technology does not wait. Those that are unable or unwilling to adapt will be left behind. So be it if Bitcoin isnt for everyone
It is quite possible that even if bitcoin is recognized as legal means of payment in many countries of the world, there will still be a lot of people who will not even have a few satoshi.Leaders of powerful countries will undoubtedly pay attention, but by that time, the forerunners, the knowledgeable, and the daring, will be well ahead. What's left? attempting to catch up as usual. Technology does not wait. Those that are unable or unwilling to adapt will be left behind. So be it if Bitcoin isnt for everyone
If we now perceive bitcoin as digital gold, then it is very simple how many people have gold, I don’t mean some kind of wedding ring, or some jewelry, although many don’t even have this. And gold does not have such a limited emission as bitcoin, it can be mined a lot, and perhaps even more can be mined when a person can travel to other planets.
This is not the case with bitcoin.
The context of "everyone" here encompasses each and every individual existing in this world, including the impoverished, the technologically unaware, an elderly farmer, and many others. Thus, in theory, 21 million Bitcoins could indeed be owned by every person, but the practicality of such an occurrence is highly improbable.
Bitcoin carves its own niche and imposes no compulsion that every global denizen must possess it. Consequently, given its finite supply, it seems more prudent for Bitcoin to be held by a subset of individuals. We must exercise caution in involving those unfamiliar with the internet to acquire Bitcoin without a comprehensible purpose.
There will come a time when the presence of Bitcoin becomes a consideration for the leaders of significant nations. This marks the epoch of technology wherein the populace is well-acquainted with the internet and can readily grasp the nuances of Bitcoin.
You are extremely stupid to think that "everyone" has Bitcoin. Look at the past! The wealthy have always controlled the economy, leaving the common people fending for scraps. even bank accounts, smartphones, and the internet! Right, not everyone is on board. So why would we anticipate Bitcoin to follow a different path? The story doesnt change just because we live in a digital age.Bitcoin carves its own niche and imposes no compulsion that every global denizen must possess it. Consequently, given its finite supply, it seems more prudent for Bitcoin to be held by a subset of individuals. We must exercise caution in involving those unfamiliar with the internet to acquire Bitcoin without a comprehensible purpose.
There will come a time when the presence of Bitcoin becomes a consideration for the leaders of significant nations. This marks the epoch of technology wherein the populace is well-acquainted with the internet and can readily grasp the nuances of Bitcoin.
Leaders of powerful countries will undoubtedly pay attention, but by that time, the forerunners, the knowledgeable, and the daring, will be well ahead. What's left? attempting to catch up as usual. Technology does not wait. Those that are unable or unwilling to adapt will be left behind. So be it if Bitcoin isnt for everyone
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Very much possible! Though 21 million may sound just a little, not more enough for like more than 8 billion people globally, but what makes it possible for it is that, unlike the fiat currency where the government can print as much paper money as they want, bitcoin is limited in supply minus all those that lost in circulation. With that said, bitcoin's value in the future may be 10-20 times higher than what it is today and that means the smallest fractions of bitcoin today will be too much in the future for an individual to hold. No matter how much bitcoin the whales are hoarding, I don't think the total percentage of whales who held large amount of bitcoin are close to 50%? (not sure about that though). So, it's not something we worry about, not everyone are interested in bitcoin though as there are still a lot of people who prefer to use the traditional banking system and online banking service.
I think it's so difficult, that everyone in the world owns Bitcoin. The first reason is that its supply is limited. The second reason is that people with less capital are less interested in Bitcoin. As you yourself mentioned we also have many whales. There are large investors and large companies that are buying large amounts of Bitcoin, and some already have a lot of coins lying around. Those who have more capital are investing in it and prefer to hold it for longer. Bitcoin is not for everyone. However, if we create awareness about Bitcoin among people, the benefit will be that more and more people will be attracted to it, and will be interested in investing.
The greatest hurdle for bitcoin is the huge amount of technology and infrastructure needed to make it work, cash is just a piece of paper so it is natural that it has become widely adopted all around the world.But even cash is not used by everyone, there are many remote communities which still use barter or that use their own currency, and bitcoin will have a lot of problems to get to those people as the requirements to use bitcoin are way higher than cash.
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My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Technically speaking, yes everyone can have Bitcoin. My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
The only question is that, will everyone have the capabilities to buy Bitcoin. Will everyone have the gadgets needed to access Bitcoin. Will everyone be given an opportunity to buy Bitcoin. Will everyone be interested in Bitcoin.
Take note that our current fiat currency that the world has been using, and is widely accepted worldwide is not being used by some of the people. You said "everyone", so I inserted those people who are in extreme remote areas that they themselves don't have access to money. Just imagine how they can get an access to Bitcoin. I will also specify those poor people who don't even have an access to smartphones that is needed to use Bitcoin.
If you will think, every person in the world can have access to Bitcoin, but there are certain factors needed in order for them to have access to it, and that is the hindrance for them. It's good thing that 1 Bitcoin can be divided into 100 Million Satoshi so that it can be distributed even more.
I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.
I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat. Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat. Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I think it's so difficult, that everyone in the world owns Bitcoin. The first reason is that its supply is limited. The second reason is that people with less capital are less interested in Bitcoin. As you yourself mentioned we also have many whales. There are large investors and large companies that are buying large amounts of Bitcoin, and some already have a lot of coins lying around. Those who have more capital are investing in it and prefer to hold it for longer. Bitcoin is not for everyone. However, if we create awareness about Bitcoin among people, the benefit will be that more and more people will be attracted to it, and will be interested in investing.
Bitcoin is divisible, but if you're really keen about everyone on the planet owning a dividend of the 21 million total supply it's going to be a whole ordeal. It may not even be possible. Which is why Sats are here as the basic unit for bitcoins. If it came to a point where everyone on the planet wished they had bitcoins, satoshis will provide that with the same benefits and same ownership levels as if you had owned a bitcoin. Although owning these will be worth only if bitcoin were to rise in value to dramatical levels. Otherwise all you're really going to have in this kind of setup is a few penny's worth of bitcoin.
Still, everyone owning bitcoin is a possible feat, if it wasn't there will be workarounds that could be imposed or done.
Still, everyone owning bitcoin is a possible feat, if it wasn't there will be workarounds that could be imposed or done.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
The answer is yes. You can own a fraction of bitcoin and it doesn't matter how much it is. If we see a worldwide adoption of Bitcoin, people from all over the world will be using Bitcoin. 21 million bitcoin is not enough for 7 billion people if you count it by the numbers. But that's not the case here is it? 1 Bitcoin is not a single unit. You can divide it into small fractions and distribute them to different people. Bitcoin mining will be over one day. Maybe then we can see stability in the market. Even if whales hodl Bitcoin to that point in time, they will have to use it to make transactions. The circulation will continue and everyone will have access to Bitcoin for sure. But that's in the far future. no one knows what will happen.
The context of "everyone" here encompasses each and every individual existing in this world, including the impoverished, the technologically unaware, an elderly farmer, and many others. Thus, in theory, 21 million Bitcoins could indeed be owned by every person, but the practicality of such an occurrence is highly improbable.
Bitcoin carves its own niche and imposes no compulsion that every global denizen must possess it. Consequently, given its finite supply, it seems more prudent for Bitcoin to be held by a subset of individuals. We must exercise caution in involving those unfamiliar with the internet to acquire Bitcoin without a comprehensible purpose.
There will come a time when the presence of Bitcoin becomes a consideration for the leaders of significant nations. This marks the epoch of technology wherein the populace is well-acquainted with the internet and can readily grasp the nuances of Bitcoin.
Bitcoin carves its own niche and imposes no compulsion that every global denizen must possess it. Consequently, given its finite supply, it seems more prudent for Bitcoin to be held by a subset of individuals. We must exercise caution in involving those unfamiliar with the internet to acquire Bitcoin without a comprehensible purpose.
There will come a time when the presence of Bitcoin becomes a consideration for the leaders of significant nations. This marks the epoch of technology wherein the populace is well-acquainted with the internet and can readily grasp the nuances of Bitcoin.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Your question actually I think multiperception. Depending on which point of view someone will catch your question.If the meaning of your question is only related to "numbers/mathematics/amounts" and apart from other factors that affect the adoption of Bitcoin then of course the answer is that it is possible for everyone to have Bitcoin even if the supply is limited or even a little, because I think that "number/mathematics/amounts" is definite things and every number regardless of the amount of course can still be divided.
But if you have linked it to the factors that influence Bitcoin adoption, then the answer is of course that not everyone can have Bitcoin because of various internal and external factors for each individual.
Internal factors I mean such as individuals' desires, interests, beliefs and knowledge of Bitcoin. While external factors I mean such as financial conditions, technological advances and the internet and government regulations regarding Bitcoin in their respective countries.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Well the truth is that, I really don't know the possibility of everyone owning a portion of bitcoin and I think we haven't gotten to that stage yet as we are still at a long long journey to creating bitcoin awareness and until we achieve completing that phase, I think we should take it easy on bitcoin accumulation but rather focus on bitcoin adoption.
Whatever the case maybe, I believe that before the population of people grow to the unimaginable number, I think the number of miners and bitcoin volume should have leveled up so no need for the unnecessary panic.
I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.
I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat. Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat. Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I think that soon each of the young population of the countries will have a cryptocurrency on their wallet. Why do I write specifically about young people? Because each generation is adopting technologies faster and faster, and the old generation, unfortunately, thinks only in its own categories, and their thinking is very difficult to change. When I told my father about cryptocurrency, he was very skeptical. And he's not even retired yet.
I can understand him, because he has seen a lot in his life, various deceptive schemes, and why would he believe in bitcoin, especially when the scheme of cryptocurrencies and blockchain is not very easy to understand.
Nevertheless, generations are changing, and when we get older, and young people will replace us, and most of them will definitely have a crypto currency. Not necessarily Bitcoin.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Everyone can have bitcoin as you don't have to buy 1 BTC to have it. Satoshi Nakamoto designed Bitcoin with small unit, satoshi and you can buy small amount of satoshi but it still is bitcoin, just less than 1 BTC. The earlier you buy it, the bigger amount you can buy with same capital.[Did you know?] Bitcoin Table of Units
As @Jawhead999 stated, theoretically everyone can have BTC but in reality, it is impossible for everyone to have Bitcoin or a portion of it. There are limiters and restrictions that make 100% of the population acquire BTC. Just like in the earlier replies, the limitation to access the internet, the illiteracy of one person about Bitcoin, the restriction of a country, and banning Bitcoin, limited access to devices that can process Bitcoin transactions, the interest of the person, and more.
They don't have to buy it, just claim it through faucet site.
We're talking about the possibility everyone can own Bitcoin, not talk about someone's desire.
We're talking about the possibility everyone can own Bitcoin, not talk about someone's desire.
When we talk about the possibility, we are talking about the realization of the idea and there are factors as I stated that limit the realization of everybody owning Bitcoin. Desire to not own BTC also hindered the idea of everyone owning BTC.
I think this question is not that hard because when you want to see the real possible rate of people getting some bitcoins each is way more high than all people having some money in their pocket. If bitcoins became worldwide currency like dollars and euro I'm pretty sure that not all people can acquire them not because there is nothing to acquire anymore but because they choose not to have it. For example, people here in our city have our national currency I can say 9.99% but not all of them have dollars or euro as well.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
There is no reason for anyone to have difficulty in understanding this matter because since Bitcoins are limited, not everyone will be able to own Bitcoins. According to the coinmarketcap Circulating supply is 19,463,862 BTC. Among these BTC, the majority of bitcoins are held by whole investors and institutional investors. When the demand of Bitcoin increases, it will become more difficult for ordinary people to collect Bitcoins. Only institutional investors will have Bitcoin under their control. Considering this fact, it is easy to assume that in the future, ordinary people will have to raise money for Satoshi, not a Bitcoin. 
Not all 21 million of Bitcoin is still accessible and in circulation. Some owners have either died, not giving access to it, or some just gave up with their small fraction of Bitcoin (not caring what happens to it). So, is it possible for everyone to have Bitcoin? Yes, in small uneven fractions that some will not even be relevant to use. However, technically the answer is yes.
In reality, however, is that not everyone wants to do with anything related to Bitcoin, so will it matter? No. Hence, everyone can have Bitcoin but not everyone will even want it.
In reality, however, is that not everyone wants to do with anything related to Bitcoin, so will it matter? No. Hence, everyone can have Bitcoin but not everyone will even want it.
In fact, if bitcoins were divided equally among the people of the world, one person would have a few hundred bitcoins. As the supply of Bitcoin is limited but the population is not limited but the population is constantly increasing.
21 million bitcoins total supply but in this case the number of bitcoins in Satoshi Nakamota's wallet will be excluded from the total supply and balancing the number of bitcoins generated in mining and the number of bitcoins that will be generated will definitely decrease from the total supply in this case a whopping 17 million bitcoins will remain.
17M total supply
810 core or 8100M population
BTC total supply/total population= 0.00209876 BTC per person
Only a fraction of the entire world knows about Bitcoin and the rest of the majority opposes Bitcoin. It will never be possible for all people in the world to share in Bitcoin equally.
21 million bitcoins total supply but in this case the number of bitcoins in Satoshi Nakamota's wallet will be excluded from the total supply and balancing the number of bitcoins generated in mining and the number of bitcoins that will be generated will definitely decrease from the total supply in this case a whopping 17 million bitcoins will remain.
17M total supply
810 core or 8100M population
BTC total supply/total population= 0.00209876 BTC per person
Only a fraction of the entire world knows about Bitcoin and the rest of the majority opposes Bitcoin. It will never be possible for all people in the world to share in Bitcoin equally.
Can everyone? Well, my opinion is NO. Although everyone has the chance to invest and own Bitcoin but for financial capabilities that some people don't have, they'll be prioritizing bringing food to the table rather than investing.
In fact, some rich people ignore Bitcoin (maybe for now) but can't sure that they will take this in the future. Because investing in Bitcoin is just an option, as long as we can't appreciate its value and see how we can benefit from this in the future, we can't see how important it was until such time we found it.
In fact, some rich people ignore Bitcoin (maybe for now) but can't sure that they will take this in the future. Because investing in Bitcoin is just an option, as long as we can't appreciate its value and see how we can benefit from this in the future, we can't see how important it was until such time we found it.
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