Topic: Can everyone in the world have bitcoin. - page 4. (Read 884 times)

I am pretty sure that most of people around the world are already aware about the existence of Bitcoin and they're just refusing to adopt it due to either fear of technologies or just not really up to something new especially when we're talking about money.

A user here has a good point that there are also lost Bitcoins already and a surface research gave me that there are around 4M of Bitcoin were lost already. With that figures and how high of the price of Bitcoin we got these days, there could be just a miracle for some people to even still buy Bitcoin when it starts becoming scarce. Not every country is US, so even people in third world countries like mine might struggle getting a fraction of Bitcoin let alone a whole Bitcoin.

bitcoin composes of so many satoshis , so meaning  every people in the world has its piece of cake but of course depending  on how people will engage and willing to have that piece.
you can carry one satoshi while others can have millions , you can carry and you can not , your choice

Correct people who hold their coins will make Bitcoin scarcer.
Also correct 1 Satoshi might be worth as high as $1 in the future.

Since 1 Satoshi is already expensive, then how much the fee that someone need to send 1 Satoshi?

If that happens then it's not Bitcoin anymore, but centralized shitcoin since the coin is reversible. Imagine there's a Bitcoin maximalist who never move his coin for 10 years and then all of his coins are transferred to unknown address. This make Bitcoin is not safe anymore.

You have replied to the above post in a context that is quite different from what the Op intended. The creator of the topic was wondering how possible it is for the 21 million bitcoins to be sufficient for every human being assuming they are all to acquire bitcoin. Also emphasizing that there are people that are holding much bitcoin and are unwilling to sell which will make it impossible for everyone to own a few sats of bitcoin.

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My straight forward answer to OP, is that everyone in the world cannot own bitcoin as of now. Assuming it can be reversed that all lost bitcoin be restored and all everyone holding bitcoin should sell and bitcoin goes back to 21 million. Then, bitcoin will be sufficient for everyone in the world.

Its not as simple as you think to say that the concept of scarcity or rarity determines the price of Bitcoin. Scarcity is a component, to be sure, but its just one part of a big picture that includes speculation, global finance, and human psychology. How are the whales doing? Get over your naivety. Whales arent just sitting around, waiting to be sold at some magical price. They move the market, they plan, they strategize, and they manipulate! Your charming assumption that they'll simply "decide to sell" is, well, charming.

You treat Satoshis and their potential value like they are elementary concepts. We may be dealing with a completely new paradigm of valuation by the time 1 Satoshi reaches such a value, rendering the entire idea of conventional money moot. Even nonetheless, I appreciate that you tried your math skills with the 81 Bitcoins for 8.1 billion people. Really, it's cute. However keep in mind that your estimates and assumptions only represent a small portion of this intricate financial ecosystem.

If 1BTC is the least that everyone can buy then everyone can't have Bitcoin, That means that only 21 million people or even less can have Bitcoin, but that's not what's happening with Bitcoin, we have Sats, If you can't afford 1 BTC you might be able to afford 0.008BTC, everyone can buy what they can afford, this is what makes Bitcoin great.

Buying or having Bitcoin is a matter of choice, people need to see the need to have Bitcoin before they can start buying and if they don't, we can't force them, but to answer the question that OP is asking, everyone in the world can have some part of Bitcoin, even if it's worth 10$ today you are already a Bitcoin holder.

Mind you, not having Bitcoin is not the end of everything, we are looking for a better future and something far better than Bitcoin can still come in the future if you can't afford Bitcoin it's not the end, no matter how many Bitcoin we have today, it won't follow up to the other side when we die.

Yes, what you wrote is correct. The main purpose of this massive or global spread of bitcoin is none other than to make all the people in this world aware of bitcoin and the system that runs in it. Because we cannot deny, at this time we are being played around by the banking system. Therefore bitcoin appears with an ideology or system that is opposite to the system that applies to banking. Like the big example, the bank has a centralized system, and bitcoin has a non-centralized system. So apart from the increasing price of bitcoin, if many investors come, what I can catch and what I can understand to this day, maybe that is the most basic reason why bitcoin should be disseminated to people around the world. the whole world. The point is about the ideology of financial freedom.
This could happen, or it could not. Because it all depends on the demand and sales in the bitcoin market. Apart from that, with the supply of bitcoins which is more or less only 21 million, and while humanity currently numbers 8 billion people, so logically and arithmetic, if it is equally divided, it will definitely get a little bit for each person. Moreover, in reality, in the bitcoin market, sometimes there are not a few investors in bitcoin who have more than one bitcoin asset, in fact there are thousands of them. Even though bitcoin assets are running, in the sense that they are constantly being traded on the market, but not a few, maybe even arguably the majority, bitcoin investors do hoard more of the assets they have in their personal wallets (holding). Apart from that, not to mention the missing bitcoin assets, in the sense that the code from the wallet is lost, so if that's the case, you can be sure that the bitcoins are forfeited. Why do I say like that? Because as far as I know, until now no one has been able to hack bitcoin wallets or other cryptocurrencies.

So in conclusion, everyone in this world can definitely have bitcoin. But if the context is, every person on this earth can hold bitcoin (everything is in a holding state), I think it must be a bit difficult.

True, but not everyone in the world is interested in owning Bitcoin even though awareness about bitcoin has entered the most remote areas. There are several factors that cause Bitcoin not to be owned by everyone in the world, one of which is the internet network factor that has not reached their place.

Bitcoin can be owned by everyone in the world, but not everyone in the world can own Bitcoin for different reasons. The wider development of Bitcoin being adopted on a large scale by several countries that have accepted the presence of Bitcoin will make Bitcoin increasingly known and easier to own by residents in the region. Their openness to Bitcoin will have a greater impact on other people who have not fully accepted the presence of Bitcoin.

If everyone is willing to own Satoshis,just like the way everyone has fiat, YES it is possible. The fact lies that not everyone will adopt bitcoin because it isn't a compulsory thing that you can't live without. Like you said OP about fiat,every citizens in a country needs fiat for easy transactions but because bitcoin was created for an alternative payment method,some people will not adopt it,since they don't like to own it. Let's take for example,the poor ones in the villages with poor inadequate power supply or no power supply wouldn't see bitcoin as something relevant because they wouldn't have easy access to it. Also the advanced people or people that feels that bitcoin isn't for them wouldn't also adopt it.

now I don't have a bitcoin or any other cryptocurrency because this is not allowed in our country.

I found it on google where the current world population is approximately 8.1 Billion, I can accept if it was not accurate, then what's the accurate number? you can't just saying someone isn't accurate and you're not giving the accurate answer. Waiting for your answer, don't say there's no exact accurate number.

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.

The more people who hold bitcoins in their wallets, the rarer the bitcoins circulating and being traded on the market. So the market demand will be higher when bitcoins are getting scarcer. Well this leads to a much higher price increase. And I think everyone will still be able to own bitcoins even if many whales hold them without selling them. Because in the end the whales will also sell the bitcoin they have when the price demand on the market is enough to make them satisfied to decide to sell. remember 1 bitcoin = 100 Million Satoshi. And imagine if one day 1 satoshi is very expensive. meaning it only takes 81 bitcoins to make everyone have at least 1 satoshi.if the population of people is correct 8.1 billion people.

We are lucky that Satoshi Nakamoto made each bitcoin to be divisible into 100,000,000 satoshis. So, we should not worry that there will not be enough for everyone to use. Yes, there are whales that are buying loads of bitcoins, but when the price are high enough... they will start selling them and people without Bitcoin, will be able to buy some.

The rarity of Bitcoin is more or less the same as Gold and other precious minerals and gems... there are only a limited supply. The thing is, we know exactly how many bitcoins will be available in the future...  

My Opinion. Bitcoin has a limited supply but, it does not limit the desire of every individual who wants to own it and one more thing
The deflation is caused by a limited supply of money benefiting communities, individuals, and even governments and the value of BTC floats based on supply and demand and one more thing, why many people want to switch to the Digital Investment era, one of which is BTC.

Yes. Bitcoin as a digital currency removes the need for third parties such as bank servers, and makes it decentralized. Nothing controls the movement of money in this way and eliminates the feeling of lack of trust when it comes to transactions.

To answer your question in simple words. yes it is possible. just Divide 21 Million Bitcoins to 8 Billion world population. you will know how much of fraction of bitcoin each person living on the earth can have.

but the thing is lots of bitcoin are being held by a small percentage of people and then a lot of bitcoin has been lost all those years. the actually supply would be a lot less than 21 million Bitcoins.
but still everyone can buy and have Bitcoins as long as they want.

I think your op better take a look at reality now, for sure you can see other people buying small amounts of btc on exchanges. and you can see so many people buy btc with less than 1 btc or less than 0'5 btc and even many people buy btc with smaller amount, and that means that btc can be owned by everyone, even people from all over the world, of course, can have btc because btc can be divided into small parts.

We always experience volatility in the Bitcoin market so the market can go anywhere. When the volume of buying bitcoins increases compared to the sales, the price of bitcoins increases and when the volume of sales increases compared to the buying of bitcoins, the price of bitcoins generally decreases. Bitcoin price is now at $26K from $30K a few days ago mainly because Space X sold a lot which caused the market to go down a bit due to the huge amount of Bitcoin sales. If the amount of investment in Bitcoin increases again at this moment, then the Bitcoin market will go back to a good position.

bitcoin is indeed in limited supply, namely only 21000000 and of course now for those who are interested it is time to buy and own bitcoin because btc has the potential to experience price increases in the future because bitcoin supply is limited.

In my opinion, everyone in the world, of course, has the potential to be able to get bitcoin even though the supply of btc is limited because btc can be broken into very small parts.

The more people you tell them about Bitcoin, the more they will know about Bitcoin. As we know bitcoin is basically created for everyone everyone can use one all types of transactions can be completed with bitcoin. But it is also true that bitcoin is not for everyone especially those who don't believe in virtual currency will never invest in bitcoin but vice versa. Also those who don't have little money but want to invest in bitcoins can't do it due to bad financial condition, not bitcoins for them. This Bitcoin will make the biggest contribution to change the world and all the wise expect the biggest contribution of Bitcoin in the future we will see.  If you are investing in Bitcoin you must understand the market position and understand the volatility and know that the Bitcoin price is influenced by supply and demand. But if you believe in Bitcoin so much that you will invest and hold Bitcoin in the future then it is your positive thinking that it must be good. So you need to know more details about Bitcoin for the purpose of Bitcoin investment so that you can profit from Bitcoin investment in future.

Yup, think of bitcoin as gold, if people can afford to buy gold they can also own bitcoin, otherwise vice versa. Bitcoin is not free and is a high value asset so I think not everyone can own it, owning it or not is up to them, not bitcoin. No matter how scarce Bitcoin is, as long as we have money, we will own it, if we don't have money, never think about it. Bitcoin is money and no one gives us free money. But it will be easier to own bitcoin now in the future, its value is still very low so take the opportunity to own it now.