Topic: Can everyone in the world have bitcoin. - page 5. (Read 895 times)
Yes, we can, but only in small value because Bitcoin has a 21 million supply and the total population of the world is roughly 9 billion, so having 1 bitcoin per person is not enough, so we need to have less value on it so that all people can have it, but again, this is not possible because, first, there are still areas that have no internet and mostly don't know about Bitcoin, and second, the count included those new-born babies, which we know they still can't have it.
I think it is still possible if the main point is the amount of bitcoin. maybe in the future even 1 satoshi will equal to $1, who know?. but unfortunately there are some tribes in some country which actualy refuse advance technology. even some of them refuse to use electricity or electronic stuff, also some tribes even don't wear clothes.
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My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
For me yes, it's possible.My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
But let's accept the fact that Bitcoin is not for everyone or other people don't want to use Bitcoin just like they don't need it or they can't use it in their life.
I am just glad about how the Bitcoin can be divisible which means you can own a small amount of Bitcoin, not necessarily whole. 1 bitcoin.
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 ?
Probably not everyone is going to own Bitcoin in the end because for sure the market price is just gonna continue to skyrocket that just make Bitcoin difficult to buy, But for sure Bitcoin is for anyone and anyone can own Bitcoin, as little Bitcoin as they wanted they can own it maybe each individual can own 0.0000001 so its still possible, the only question is what going to be the market price of Bitcoin since the main goal is to accumulate Bitcoin because we know that in the future Bitcoin is going to be difficult to accure so its better to accumulate now while the market price is still manageable.
It's just how the nature of Bitcoin is there are only going to be 21 million Bitcoin that are going to exist so obviously it is just limited, plus there are some people who own more than one Bitcoin in their wallet, if demand continues to increase market price is just gonna skyrocket.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Even if the number of Bitcoin is unlimited, there is little chance that everyone in the world will be holding Bitcoin. One reason is the preference and interest of the person. Another one is the limited access to the technology. Being Bitcoin illiterate and having no money to buy BTC. Having difficulty accessing and being hired by the company paying in BTC. The government restrictions and bans on Bitcoin also contribute to those hurdles.
There are lots of things that restrict people from buying or holding Bitcoin so I believe that there is very little chance for everyone in the world to have Bitcoin. Oh btw, babies have no ability to transact and operate devices in order to receive or spend Bitcoin.
Everyone in the world owning bitcoin is something that ain’t going to happen or just can’t be and this goes beyond not having enough bitcoin to circulate with the populace of the world but, it’s more like, the systems for which bitcoin needs to operate.
Let’s not forget, it’s a system that functions on an electronic device and even with the availability of the various networks or services to operate this and devices, the physical default such as the blind are always going to be left out. Those without the ability to safe guide there private keys themselves would only have to do it with a third party and with that being the case, not your keys not your coins still applies
This makes bitcoin not a suitable currency for every person.
Let’s not forget, it’s a system that functions on an electronic device and even with the availability of the various networks or services to operate this and devices, the physical default such as the blind are always going to be left out. Those without the ability to safe guide there private keys themselves would only have to do it with a third party and with that being the case, not your keys not your coins still applies
This makes bitcoin not a suitable currency for every person.
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.
The problem that not all people can own Bitcoin legally because some countries in the world ban Bitcoin. Although the people in that countries have the ability to own Bitcoin, they own it illegally and they will face many limitations to use it. So, even if many people can help to spread the awareness to the people around the world, the regulation prohibiting Bitcoin in several countries still become the big obstacle. In this matter, it is impossible for each person in the world to own Bitcoin legally. No one wants to get caught for an illegal activity.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.
You must understand that buying Bitcoin doesn't mean buying 1 BTC, we can buy 0,xxxx of Bitcoin. So, even if there are whales to collect Bitcoin and just keep it on their wallets, there are still enough Bitcoin to buy by people. The whales activity that never spending the Bitcoin, triggers the Bitcoin price to have a more expensive value. It is because the total circulating supply is getting smaller. So, I think it doesn't harm the future of Bitcoin, it even supports Bitcoin to constantly growing its price.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I think Bitcoin is just like Gold because it is a finite and rare resource and not everyone will have something that is valuable and has high value. There have been many calculations given and it is possible that if it is shared with everyone then it is possible. But this is more complex depending on the conditions of each individual.We know that there are many factors that will influence someone not to be able to own Bitcoin like having Gold. Some of these factors, such as financial inability, ignorance about the science of getting Bitcoin, internet network limitations and someone's disinterest will affect it. Even food and drinks which includes basic needs for life cannot be distributed or cannot be owned equally by everyone in the world, right?.
it is possible, however, not everyone is interested to own satoshis. just look at the percentage of population who are into crypto. and you will understand that some people are just happy to stay with traditional investments and payment methods.
and for those who understand the potential of this currency, they will buy and hold more. we should not force anyone to go into this market, because they will just get disappointed or spread negative things if their expectations are not met.
If it is possible, then who is going to regulate that everyone in the world owns Bitcoins? When it comes to numbers too, Bitcoin is limited. Maybe it can be with a nominal value of only a few cents. But the question is is it worth it? And does that mean Bitcoin will still be that sevaluable and special? I do not think so. This will become a normal thing which is then easy to forget later if it's like this or becomes a very ordinary thing.
The bitcoin is regulated in many countries and it had legalised by the government.After the legalisation the government had made taxes for the bitcoin user and traders.The bitcoin was now contributing the economy of many countries and many new people start to inverse in the bitcoin now for their future.Many young people get into bitcoin for now because of the future easy profit from bitcoin trading.Only few people long holding the bitcoins mostly people sell with minimum profits.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I think Bitcoin is just like Gold because it is a finite and rare resource and not everyone will have something that is valuable and has high value. There have been many calculations given and it is possible that if it is shared with everyone then it is possible. But this is more complex depending on the conditions of each individual.We know that there are many factors that will influence someone not to be able to own Bitcoin like having Gold. Some of these factors, such as financial inability, ignorance about the science of getting Bitcoin, internet network limitations and someone's disinterest will affect it. Even food and drinks which includes basic needs for life cannot be distributed or cannot be owned equally by everyone in the world, right?.
it is possible, however, not everyone is interested to own satoshis. just look at the percentage of population who are into crypto. and you will understand that some people are just happy to stay with traditional investments and payment methods.
and for those who understand the potential of this currency, they will buy and hold more. we should not force anyone to go into this market, because they will just get disappointed or spread negative things if their expectations are not met.
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?
Though Bitcoin is there for everyone that wants to buy or own a fraction of Bitcoin, but the reality is that there is no way everyone out there will own Bitcoin, it is practically impossible so far there is still the existence of fiat currencies, and there is going to be this set of dumb people that will not just want to use or own It. 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?
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I think Bitcoin is just like Gold because it is a finite and rare resource and not everyone will have something that is valuable and has high value. There have been many calculations given and it is possible that if it is shared with everyone then it is possible. But this is more complex depending on the conditions of each individual.We know that there are many factors that will influence someone not to be able to own Bitcoin like having Gold. Some of these factors, such as financial inability, ignorance about the science of getting Bitcoin, internet network limitations and someone's disinterest will affect it. Even food and drinks which includes basic needs for life cannot be distributed or cannot be owned equally by everyone in the world, right?.
First of all, the usual thing is not to encourage anyone to use bitcoin, today it is a decision that is reached of their own free will.
The answer is simple, 1 BTC = 100,000,000 Satoshi.
Someone may discourage people from using Bitcoin. It's because they recognize Bitcoin as a risky investment. So, if I'm in that position, I'll encourage people to use Bitcoin in their daily lives. Because I believe in Bitcoin, I see very little risk in it. If you bought Bitcoin today and the price has dropped below your purchase price, don't sell it. To avoid losses, always sell your Bitcoin at a price higher than your purchase price. However, the risk of Bitcoin varies with the price, and today's pricing is risk-free and an excellent moment to invest.The answer is simple, 1 BTC = 100,000,000 Satoshi.
First of all, the usual thing is not to encourage anyone to use bitcoin, today it is a decision that is reached of their own free will.
The answer is simple, 1 BTC = 100,000,000 Satoshi.
The answer is simple, 1 BTC = 100,000,000 Satoshi.
If it is possible, then who is going to regulate that everyone in the world owns Bitcoins? When it comes to numbers too, Bitcoin is limited. Maybe it can be with a nominal value of only a few cents. But the question is is it worth it? And does that mean Bitcoin will still be that sevaluable and special? I do not think so. This will become a normal thing which is then easy to forget later if it's like this or becomes a very ordinary thing.
Everyone in the world can have Bitcoin even though some of the Bitcoin is lost but if you divided the total amount of BTC then what Jawhead explained is what you get but some governments don't want people to own that's why some banned the Bitcoin while some made it legal like El Salvador. My real answer would be both because they could have Bitcoin and it is also not possible as I have explained like the government banned the use of BTC.
And I can’t imagine how poor someone can be that they can’t afford even a dollar worth of BTC if they really want to.
This is a matter of interest, there is no way we can say someone must have bitcoin, even if it’s a small amount, but are they interested in accumulating bitcoin? However, you have already said it all until someone wants to. You know, there are people who also want to accumulate this bitcoin and have much interest in it, but due to capital and other reasons out there, there is not much opportunism to acquire it. You know, there are things that we really need, but look at your financial situation first before buying something. If you buy it, you may sell it at the end without getting what you want from it; there is no need to border yourself to get such a thing.For bitcoin, someone may want to buy it but may not be ready to take the risk involved in the investment. You can see how the market is going these days, and the way the market has behaved recently will even make it worse to remove someone's interest in the currency.
Why not every one in the world get chance have bitcoin, during exchange market still available open buy and sell order all people around the world get chance to invest and hold bitcoin in their wallet. Bitcoin is valuable assets and many people every day trading between sell or buy Bitcoin, there are impossible can't have bitcoin if market trading still opening for buying and selling bitcoin. Trough have supply and demand bitcoin keep exist and people get chance to invest in Bitcoin, actually bas on market volume transaction, Bitcoin lead as top standings position and impossible we don't have chance to get bitcoin. Depend with your money in pocket, if have much money get bigger chance for having bitcoin but if small money will get small bitcoin in our wallet.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
Nope, not everyone in the world can have one whole bitcoin, I think that is clear. But that does not mean they cannot have fractions of bitcoin. And according to some statistics, millions of people already have. Can everyone in the world own a ton of gold? Clearly not. Similarly, bitcoin will be a very valuable asset, but it will also likely remain somewhat exclusive due to its limited supply, just like gold.
While not everyone worldwide can possess a whole Bitcoin, they can acquire smaller units known as Satoshis. Naturally, if everyone begins purchasing Bitcoin, its price will surge. Acquiring Bitcoin is only hindered by financial capacity. Nevertheless, there are individuals who oppose Bitcoin and won't invest in it. Additionally, managing Bitcoin requires literacy, and many people globally are still illiterate. Hence, even though it's theoretically possible for the entire global population to obtain it, I doubt it would materialize.
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