Topic: How many bitcoins do I need to retire in 20 years? - page 131. (Read 320337 times)

Yes, I was talking about when the max supply hits 21 million which will not matter to us since we won't be alive then. So I am correcting myself here.

Yes, I completely forgot about all the lost coins which there are a lot. The only problem is that we might not never know how many for sure.

And there's more.. it's not 21 million max coins, it's 21 million - the amount of coins that are lost forever which are a lot already, - the amount of coins that aren't yet mined at that particular moment in time. If demand is highly increasing then 6 figures of BTC are easily achiveable on a trillion marketcap.

Is the bitcoin price way under the real price or in the bubble I don't know, but to be safe I would buy 10 BTCs and store them in the cold storage. With today's prices, this is not too much money, of course if you have any spare money to invest.

Yet, if this takes off, the sheer math ghat there is only 21 million max coins on 7+ billion people shows you a real potential.

Yep, hoarding supports the value, in fact all holding, small or large, (reservation demand) supports the value, and is the only thing that supports the value. Usage in payments helps to spread the word, though.

And we want that even the small shop keeper also accepts bitcoin as a mode of payment that day we can say that bitcoin is popular and successful. And now bitcoin is gaining popularity at the global level so once it gets into the mainstream the value of the bitcoin will be higher and stable too.

bitcoin will be everywhere on the next years we wont know how long it will take but we know it will stand as others ,soo the price will raise on the next years as we already see we need new and fresh money to make it bigger,soo more whales would be the way

Yeah if more and more people gets involved in the bitcoins the prices will be more stable in the future and that is what we all are waiting for that bitcoin should achieve the stability in its price and how much bitcoins do we need at retirement age depends on the person that what lifestyle he wants after retiring so if he is looking for lavish lifestyle its time to work hard at present.

well the market demand and offer works well and sure less bitcoins in circulation would make the price explode into new levels but there is always fast investors ,they get in make a small% and get out thats why bitcoin isnt raising and being soo volatil these last months,i guess when the mine process ends bitcoin will show its real value on that time and maybe sooner

Not everyone is waiting for this, but even if they were the more coins that are taken out of circulation by hoarding is good because it helps the supply and demand. If more people get involved and even do the same it would have a positive effect on the price.

now we can bet gambling dice and play games with bitcoins even there is several faucets to earn before were harder and now there is too much of those anyway still being a mistery how much a bitcoin can worth on the next years

those that are not spending i believe are the minority, the other are whales that play with their enormous amount between themselves, to rise their balance even more

if you comparei this situation to the past, we are actually doing better, there are more merchants that accept bitcoin, thus making bitcoin spendable much easy, the price remain the same because of those big merchant that keep dumping everythign they earn

Scarcity does not mean it's a bubble asset. Also miners won't sell below this so real price is where it's at now. Intrinsic value comes from blockchain and mining efficiency leading to overall research on more efficient power. Inflation can now be tied to a real gdp leading indicator instead of these black numbers that are used today to brainwash people using shadow metrics.

This is the definition of a holy grail of currency(ideal money) according to John Nash the genius mathematician.

They rise in value since of warren.

If its not for warrents cash injection on how he buys big companies for a deal, and increases them the hathaway shares also forms a crowd funding in a way so he can do this way more.

Also those people buying are already rich if you consider them buying $215k shares.

I understand you like bitcoin; that's why you're here. But your arguments are simply wrong. What intrinsic value does gold have? Absolutely nothing. I always laugh when I hear people say that gold has intrinsic value. If you're stuck on a deserted island, what can gold do for you? Nothing. You can make jewelry with gold, but you can make jewelry with a lot of things. Plus you can melt the gold back down, and make something else; it isn't completely consumed. Gold doesn't have any "real" use. Even silver has more intrinsic value, because it is used in a lot of industries.

Bitcoin, on the other hand, DOES HAVE INTRINSIC VALUE. I'm not talking about the "backed by mathematics" bullshit. I'm talking about the blockchain's potential use as a secure, public database. Look at how much money companies like oracle are making now. Larry Ellison is one of the richest people on Earth. Bitcoin could potentially provide a better, more secure database system than anything oracle can ever make. There are also uses for bitcoin's blockchain in terms of smart contracts and such.


There are REAL WORLD USES for bitcoin/blockchain, that's why there are VCs willing to invest in the space. Bitcoin is like the "fuel" of the bitcoin blockchain, and it is required to keep the blockchain secure. That's it's intrinsic value. If people want to use the blockchain, they will have to pay with bitcoins.

Most of the bitcoin bubble phase are settled.

Unless you assume like the twins exchange to be in the same default like mt gox episode, but I doubt that since they are sticking it out for being a huge influence.

but gold has intrinsic value. people actually need it to work, to some industries, jewelry, etc. Gold will always have value.

bitcoin dont.


don't get me wrong, im not against bitcoin (actually i love it), i just love to see every aspects and possibilities and sometime play the devel's advocate to really understand where this is capable to go.

And don't follow than genius blindly because you have even more genius on the other side, the side that says bitcoin is a mirage!

You're working under the assumption that bitcoins will work exactly in the same way USD or Euro or RMB works. But bitcoins could be a store of value rather than a working currency. You don't "spend" gold everyday, yet gold is valuable and continues to be valuable. There are many ways bitcoin could succeed, other than being completely a currency. That's not it's only use. If it was, most of the VCs and really smart people with money won't be here.

i know that!

21million bitcoins for 7billion people, makes 1bitcoin to worth maybe millions! i don't know!

But at the moment, 270$ maybe a 'bubble price'! at the moment the real price is lower than this number.

Already flowing. Scarcity provides value along with utility.
Its more complex than you think.

if people aren't spending bitcoins - that's what i see/read around here; everybody is waiting for the price to sky rocket - this means we are creating our own bubble and we will 'die' in it! We only buy bitcoins, so the price at this moment is above, super above of what a bitcoin really value.

Until the market starts to flow naturally - peoples actually using bitcoin in their purchases - we don't know the real price of it! actually, the current price is OVERRATED for sure, because people only BUYS it!!!!!