Did you made this up? Because it look like it.
Why not share us the link to this news or post? It will make this discussion more interesting, it's complete lack of knowledge about Bitcoin that's why someone can say that the max supply of Bitcoin is very smaller compare to people living around the world today.
There will come a time where the Sats of Bitcoin will be very valuable than what they are today, for those thinking that they are late to the game, they lack the knowledge is all, Bitcoin scarcity is just getting started, if you are smart you will start packing up what you can afford on your every paycheck per month.
My advice is if such people aren't ready to learn you can't do a thing about it, leave them and let them Fud as this is all they are capable of at the moment, I know few people that started as a fudsters and in time they choose to do some research, today they already joined the train, they are no more fudsters but long term investors.
Topic: fudster guy saying bitcoin is not viable because there are too few available - page 2. (Read 244 times)
November 02, 2023, 08:05:38 AM
November 02, 2023, 07:38:13 AM
That guy actually never studied Bitcoin well, otherwise he won't release such a statement to convince others to his argument. This is a highly debunked supposition all because there is no need for anyone to buy 1 BTC...we can all buy like $100 worth of Bitcoin and hold them forever or buy something with it offline or online. Sadly, with all the available information on Bitcoin online and all has to do is to use his computer or smartphone for it, there are still people who chose to be ignorant even of this very basic concern.
November 02, 2023, 06:38:17 AM
The guy probably compared BTC supply rather than satoshi as you did, 21 million BTC is no match for global population. But, in regards to satoshi, it's plenty indeed, and we'll likely go through time when individual satoshi will become valuable.
November 02, 2023, 06:14:45 AM
many people are stuck in the old fiat trade mindset that investments are made in WHOLE shares.. where they think its not viable for people to buy a whole bitcoin, due to cost and only having upto 21m of whole bitcoins...
they have yet to understand the concept that people can buy decimal amounts of an asset
even funnier part is.. technically if you look at the data of the blockchain.. there are no WHOLE bitcoins. nor decimals of btc
every reward, every transaction is measured in satoshi units on the data/protocol layer.. and then multiplied up into the basket term btc for the human visual layer of the GUI of the software
emphasis
a 50btc reward displayed on a screen is actually and has always been 5,000,000,000 units being created, shared, transfered even from 2009
the "50btc" reward is just a simplified visualisation for the softwares GUI. its not a real thing at the value/unit level of the bitcoin blockchain data/protocol
in short there will be 2,099,999,997,690,000 units ever produced before 2150~
they have yet to understand the concept that people can buy decimal amounts of an asset
even funnier part is.. technically if you look at the data of the blockchain.. there are no WHOLE bitcoins. nor decimals of btc
every reward, every transaction is measured in satoshi units on the data/protocol layer.. and then multiplied up into the basket term btc for the human visual layer of the GUI of the software
emphasis
a 50btc reward displayed on a screen is actually and has always been 5,000,000,000 units being created, shared, transfered even from 2009
the "50btc" reward is just a simplified visualisation for the softwares GUI. its not a real thing at the value/unit level of the bitcoin blockchain data/protocol
in short there will be 2,099,999,997,690,000 units ever produced before 2150~
November 02, 2023, 06:00:52 AM
Who is the fudster? Did you see it on news? Tell us where you see it. Give us a link to it.
Bitcoin in total is 21 million coins. But you can buy worth of $50 or lower amount which is not up to 1 BTC at all. If more people are having bitcoin, the price will go up and the amount of bitcoin to buy will be less as the price has increased.
If anyone is saying bitcoin is not viable because of its limited supply, that person should only be qualified as an illiterate.
Bitcoin in total is 21 million coins. But you can buy worth of $50 or lower amount which is not up to 1 BTC at all. If more people are having bitcoin, the price will go up and the amount of bitcoin to buy will be less as the price has increased.
If anyone is saying bitcoin is not viable because of its limited supply, that person should only be qualified as an illiterate.
Normally as the higher the demands is the higher the price is increased in value.
So with the strategical analysis on the expenditure and values of Bitcoin of then, now and the future with the total number of Bitcoin can never run out of its stock due to the increments rates and valuable potentials of the Coin.
However, there could be a point of time in the nearest where even an average investor may not be able to purchase up to a 1 Bitcoin as the value increases where there is a more massive demands.
November 02, 2023, 05:49:20 AM
so if at any time we have 100K BTC liquid, there would be 10 trillion sats available
Do you think if I send 1 sat, I only use 1 sat? you forget if you need to spend for the fee which is at least 140 satoshi for 1 input and 2 output, not to mention if the mempool is congested.Making Bitcoin to achieve mass adoption is really hard when: fee is the problem, many countries still ban Bitcoin and not getting supported by people because they still trust fiat.
November 02, 2023, 04:38:11 AM
limited number of Bitcoins makes some people think that you must buy 1 Bitcoin to be able to use this currency. I have a friend who did not want to invest in Bitcoin because he thought that he had to buy one Bitcoin or similar fiat money such as 1/2 Bitcoin or 1/4 Bitcoin only, and it is not possible to buy $5 in Bitcoin.
If all people used Bitcoin, there would be enough for them because we would not reach the price 1 Bitcoin equals 1 dollar, or then 1 dollar would have no value. there is enough Bitcoin for the entire world's population for the next 100 years.
If all people used Bitcoin, there would be enough for them because we would not reach the price 1 Bitcoin equals 1 dollar, or then 1 dollar would have no value. there is enough Bitcoin for the entire world's population for the next 100 years.
November 02, 2023, 04:36:04 AM
Fudsters gonna fud. That’s what they do. Ignore the fud and watch them go crazy. That’s the best punishment you can give them. Imagine what it is like to watch the price of bitcoin going up and up and you don’t have any. You are basically losing money for not investing in btc. They are just like how I described it. They are hemorrhaging money every minute and they gettin mad because other people driving lambos and flying jets while these poor cunts walk to their day job where they have been wage slaving since forever. Getting rich is very easy. You just have to want it. If you want it, go grab it and its yours. Most poor people refuse to get rich even if the opportunity was dangling right before their eyes. They see it but they don’t have the capacity to understand what they are seeing.
November 02, 2023, 04:25:43 AM
Who is the fudster? Did you see it on news? Tell us where you see it. Give us a link to it.
Bitcoin in total is 21 million coins. But you can buy worth of $50 or lower amount which is not up to 1 BTC at all. If more people are having bitcoin, the price will go up and the amount of bitcoin to buy will be less as the price has increased.
If anyone is saying bitcoin is not viable because of its limited supply, that person should only be qualified as an illiterate.
Bitcoin in total is 21 million coins. But you can buy worth of $50 or lower amount which is not up to 1 BTC at all. If more people are having bitcoin, the price will go up and the amount of bitcoin to buy will be less as the price has increased.
If anyone is saying bitcoin is not viable because of its limited supply, that person should only be qualified as an illiterate.
November 02, 2023, 04:24:37 AM
Ignorance is truly a disease! He needs knowledge and nothing else. Glad you tagged him a fudster 
The total supply of Bitcoin does not stop mass adoption because it has decimal meaning you can own fraction of it. When the demand is huge, it just means the price will rise and that will not hinder mass adoption.
He obviously do not know that we have Sats to take care of his concern. For technical identification, items and commodities can just be priced in Sats.
The total supply of Bitcoin does not stop mass adoption because it has decimal meaning you can own fraction of it. When the demand is huge, it just means the price will rise and that will not hinder mass adoption.
He obviously do not know that we have Sats to take care of his concern. For technical identification, items and commodities can just be priced in Sats.
November 02, 2023, 04:17:55 AM
too few of them available for mass adoption.
so 1 btc = 100 million sats
so if at any time we have 100K BTC liquid, there would be 10 trillion sats available
the USA has 2.7 trillion available US dollars
so I dunno man I think in terms of sats I think there will always be enough BTCs available
Thoughts?
so 1 btc = 100 million sats
so if at any time we have 100K BTC liquid, there would be 10 trillion sats available
the USA has 2.7 trillion available US dollars
so I dunno man I think in terms of sats I think there will always be enough BTCs available
Thoughts?
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