If everyone in the world owned bitcoin each would have 0.003btc - page 4.

elda34b

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Quote from: BestBitcoinBuyers on March 11, 2019, 05:50:22 PM

The world would be a better place if everybody owned some bitcoin

How so? If you can't use it then it's pretty much useless. Even if you have Bitcoin but your society don't see it as a good money you'll eventually forced to use other kind of money.

I think the argument that if all people own Bitcoin is still too general, even if we assume every context where people can use it, there's other form of money like fiat which might be more useful for daily transactions.

BestBitcoinBuyers

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The world would be a better place if everybody owned some bitcoin

Johnyz

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Quote from: ?? on ??

This is more likely to happened due to the total supply and the demands is getting stronger.

And that .003BTC will worth a million in some places for sure. If the demand continue to increase in this limited supply then the probability to go up high is very great. I do love to hold more so I have to sacrifice my finances right now for a better future.

mrdeposit

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We live in capitalism right now. Even if this money is distributed to everyone equally, it will be gathered in the pocket of great powers by any means. At least we need to eat to live and need to get from someone.

AmoreJaz

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Quote from: pixie85 on March 11, 2019, 04:15:02 PM

The situation is not just improbable but impossible. You're probably counting every human being on the planet and it includes children and old people. If you count only people over 10 years old the number will change drastically. Then you'll have to exclude people with no Internet access. They will never buy a cryptocurrency if they aren't even using electronic banking. If we can get 1% of the world to use bitcoin it will be an enormous success.

the article where he got the info didnt mention on how many people on earth they used for calculations and the number of bitcoins as well.
so all summed up, whats the impact of creating this article and showing the numbers?
to exhibit a situation where bitcoin will be very valuable in the future? to entice new users to buy more?

carter34

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First, how did you come up with that $11 calculation? How many people do you think are in the world to start with. What are the range of people that understands bitcoin and can use it. Anyway, there are other questions begging to be asked on this your assumption.

Bitcoin_Arena

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Quote from: rdbase on March 11, 2019, 01:16:53 PM

-snip-

Your theory is quite vague. There are definitely so many factors to put in play this includes the price and demand.
Definitely, if everyone decided to hunt for bitcoin, the price would obviously shoot up. More money getting into bitcoin would mean less fiat money in circulation and this would only mean one thing for the bitcoin price... An upward spike in price

Think of 1 BTC at least at 100,000 USD and above

pixie85

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The situation is not just improbable but impossible. You're probably counting every human being on the planet and it includes children and old people. If you count only people over 10 years old the number will change drastically. Then you'll have to exclude people with no Internet access. They will never buy a cryptocurrency if they aren't even using electronic banking. If we can get 1% of the world to use bitcoin it will be an enormous success.

okala

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Quote from: romero121 on March 11, 2019, 01:35:07 PM

In comparison to the fund that each user around the world have in terms of fiat what's been possible in terms of bitcoin is very small. This shows the widened accessibility and circulation of fiat over cryptocurrencies. Maybe when years pass the same might lead to the increase in the value of bitcoin everyone have as the demand increases with the limited supply only with an increase in value can make it availed to everyone.

Cryptocurrency is just too young to be compared with fiat money, before bitcoin and all other altcoins can be compare to fiat its when it has been adopted by the general public and accessible to all. The total number of bitcoin that can be mine is 21 million and if that amount can equal the number of individuals in the world it will case the Price of bitcoin to go high due to high level of demand for the currency.

Nolimitz84

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Quote from: squatter on March 11, 2019, 02:31:18 PM

Quote from: rdbase on March 11, 2019, 01:16:53 PM

As of now if every person in the world they would have $11 worth of bitcoin right now.
https://news.livecoinwatch.com/bitcoin-each-human-alive-getem-cold

This wouldnt include the number of bitcoin which were lost due to theft or misplaced private keys.

So would this mean there will be a shortage of the available bitcoin accessible to those who would want to own some of this cryptocurrency?

If more people want to buy bitcoins than are for sale, the price will rise. That's all "shortage" really means. The price may rise significantly over the years because of Bitcoin's built-in scarcity.

There's plenty of bitcoins to go around, though -- they are divisible down to the satoshi. And with bearer instruments, LN, etc. people will have ways to use small amounts of coins without incurring on-chain fees.

I think that the price of Bitcoin will be higher, but only where are there any guarantees that there will be such a big demand for Bitcoin?I am surprised that many even now do not know anything about the existence of Bitcoin.I think bitcoin is enough for everyone.

BestSSS

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Yes, this is true - a simple example of mathematics class 5 confirms these figures, given that on earth lives a little more than 6 billion people.

Wildwest

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That is still somewhat inaccurate data because there are still many people who have not been counted in it, of the many people in the world who still do not necessarily know technology, especially about crypto

squatter

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STOP SNITCHIN'

Quote from: rdbase on March 11, 2019, 01:16:53 PM

As of now if every person in the world they would have $11 worth of bitcoin right now.
https://news.livecoinwatch.com/bitcoin-each-human-alive-getem-cold

This wouldnt include the number of bitcoin which were lost due to theft or misplaced private keys.

So would this mean there will be a shortage of the available bitcoin accessible to those who would want to own some of this cryptocurrency?

If more people want to buy bitcoins than are for sale, the price will rise. That's all "shortage" really means. The price may rise significantly over the years because of Bitcoin's built-in scarcity.

There's plenty of bitcoins to go around, though -- they are divisible down to the satoshi. And with bearer instruments, LN, etc. people will have ways to use small amounts of coins without incurring on-chain fees.

poptok1

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Quote from: rdbase on March 11, 2019, 01:16:53 PM

So would this mean there will be a shortage of the available bitcoin accessible to those who would want to own some of this cryptocurrency?

News flash: It already have happened, look at the price Grin

This thing so rare and expensive that maybe 1% of our world society can afford buying some.
And take in to consideration how many satoshis are lost forever... to me i looks more like 0.0024 per person and this is very optimistic scenario. Kinda gives some perspective when you think about it, there where times when you could get this much on faucets. Mad.

sheenshane

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There's a limited supply of Bitcoin, the total number of all supply bitcoin is 21 million right? As far as I know, there are only 15 million discovered and generated bitcoin so, if we subtract this 15 million to 21 million there are 6 million unaccessible bitcoin. I think that does not make sense to have a shortage available on bitcoin. Probably time to time the demand will increase and the supply will be decreased too, that's the time will have a shortage and the value of 0.003 BTC also change into a higher price rate.

Harlot

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The thing is "shortage" will always depend on what price will that .003 BTC be and looking at it a 11$ now might be a whole different story when we see if people each have that .003 BTC by now. So we couldn't assume anything if there would be a shortage of supply as we don't know what the value will be yet if that happened. Also that .003 BTC won't always be in the hand of the owner forever somehow or someway they would need to spend it, some might even spend it right away after they receive it. Some will be hoarding it after they receive it and the imbalance will quickly shift as soon as most of the people have emptied out their share.

Onuohakk

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There are so many people that has not been counted in the global number of people in the world and that aside not everyone is interested in cryptocurrency and there are still whales that has large number of cryptocurrency at there disposal

romero121

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In comparison to the fund that each user around the world have in terms of fiat what's been possible in terms of bitcoin is very small. This shows the widened accessibility and circulation of fiat over cryptocurrencies. Maybe when years pass the same might lead to the increase in the value of bitcoin everyone have as the demand increases with the limited supply only with an increase in value can make it availed to everyone.

rdbase

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As of now if every person in the world they would have $11 worth of bitcoin right now.
https://news.livecoinwatch.com/bitcoin-each-human-alive-getem-cold

This wouldnt include the number of bitcoin which were lost due to theft or misplaced private keys.

So would this mean there will be a shortage of the available bitcoin accessible to those who would want to own some of this cryptocurrency?

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