Topic: Whole coiner status in 10+ years (Read 319 times)

getting to the points about the 'angel investors'
when they question a project manager and ask him how much time and effort they put into their project(as part of due diligence) if they see the guy has not invested a penny of his own money/collateral then its like he is not invested in his own idea. which is a red flag.

angel investors do not like to invest in rich people. they invest in people that put the effort into their idea. so if a project manager is waving around a signed message of a $1m collateral but has not used any of it on his idea. angels wont invest

angels prefer people that are at their last and final dime where they invested their homes, retirement plans and have made a prototype/demonstration model that actually shows the project solves a need, has a niche. where that type of project manager needs both an investor... and an angel to make their life better

angels are then happy to hand money to those to accelerate their project and bring that project manager out of his home life stresses and money worries so he can then concentrate on expanding the project where both the project manager and angel can make some profitable returns from.

angels are stand-offish, if they see a rich guy trying to use someone elses money where its of no risk to the project manager and not going to energise the project manager to work hard or put the effort in

Many whole coiners are investors for money, not for the technology. Many whole coiners were in the right place at the right time and had the trust to not sell in the previous bull runs.
And innovation needs collateral in money. It needs investment for the working hours and for the hardware (and so on) used. A proper whole coiner will not give any of his coins under others' custody, because he knows the risks. And will not sell either.


Both bitcoin and real estate prices seem to keep growing. While I don't rule out bitcoin get to the point you are dreaming for, it may not happen during our lifetime. You may want to target something more tangible...

You can fantasize about it, but real estate is terribly expensive in the biggest metropolises of the world and it's hard that you will be able to buy something like that for 1 Bitcoin in New York or London in the next 10 years. Here, for example, look at houses in London and you will see that the prices are quite high (again, it depends on the part of the city), and I believe that in the future real estate prices will rise even more.

In addition, if you buy a house in one of the world's top cities, you should also count on extremely high living costs because everything is expensive there.

I believe that there is a big possibility you could buy a very good house even in the most expensive nations and cities for one bitcoin in the future. Like for example where the houses are expenses now? Toronto, New York, London, Paris? Those type of places? Well for 1 bitcoin, you would be able to get 1000+ square feet apartment/loft whatever there with like 3 rooms or maybe 2 big ones.

This is where it is headed, at one point it was possible to get like some "bad" houses for 1 bitcoin in places like Miami, and even right now it is possible to buy some houses in some nations, but not in leading nations. So in 10 years, it will get there for sure.

I don't think anything will change too much in 10 years in terms of how important it will be if you have 1 BTC today and then because even though the value in fiat currency could increase significantly, $20k today and $200k in 10 years could have the same or similar purchasing power. The idea that fiat currencies, regardless of their form (paper, CBDC or something else), will stop playing a significant role in society is very unlikely, as well as the fact that everyone will accept Bitcoin as a means of payment, considering that we are going in a completely different direction and the opinion is increasingly being formed that we should treat it as digital gold.

In 10 years, 99% of all Bitcoins will be mined, and millions will probably be in the possession of various companies and rich individuals who will certainly not treat it as a currency - and the average Joe will not be able to resist selling the last satoshi because the price will be irresistible.

I think that the period of such a transformation should take some more time, at least. It should be understood that such a process takes a considerable time.

nah, its much more simpler then that

the actual market orders are not fixed purchases of 1btc to then have a 1btc price of $xxxx
the market orders are decimal amounts which math then calculates what a 1btc is worth

EG right now
an order of $210 gets you 0.01  which maths calculates that 1btc is $21k

i know you are trying to suggest that for a minnow(small investor) to put say 300loaves of bread value($400/$600) into bitcoin to buy a whole coin where that then equates to a hyper inflation fiat price of $1m. but no thats not how it plays out.
minnows wont be whole coiners due to some fiat hyper inflation..


the average minnow (small investor) only deposits $400-$600, when they deposit
(average minnow orders seen on exchanges over the last decade.. )
all that has and needs to change is how many decimals of BTC the sellers give to the minnow for that amount

in 2013-16 it was an average of a 'whole coin'
in 2017+ it was 0.1-0.01 average

in the future its simply going to be 0.0004-0.0006
which comes to the total of  1 for $1m

where as those lucky enough to have minnow bought bitcoin in 2010-2014 get to be 'whole coiners at a future price of $1m

or thanks to the price of orders being 0.0004-0.0006 for $400-$600.. large investors buy more sats than a minnow does to get 1btc worth because they deposit and buy 1btc, by large investors having $1m deposited

It is just a number of coins/satoshis being held. 1BTC is always 1BTC, the point should be to accumulate more than that. The "whole-number" idea often gives some wrong conclusions among newbies.

But that will not happen easily. Common items that we need in daily life are best bought using fiat. I would like to see them in bitcoin but it will take a lot more groundwork, POS machines and merchant acceptance first.

Similar to lending bitcoin for a project's development. Obviously should be done against a valid collateral or not done at all. Dont expect bitcoin users to hand over large chunks of "Whole number" bitcoin for free, they have serious trust issues - which is normal for them. Such situations are far fetched. First we have to get a bigger acceptance and usage to crypto then will come in the investments and loans on crypto.

I think the moment when the Bitcoin price goes to a new all-time-high of $100 000 .....hardcore hoarders will bend the knee ....and they will sell some of their coins. I think whole coiners will significantly go down after the $100 000 per coin is reached .... and the only people with whole coins will be early coiners and Whales like Elon Musk.

The speculators (weak hands) will jump ship between $70 000 and $80 000 per coin ..... because they are simply hunting profits. I know I well never sell all my coins..... so I will hang around until we reach $1 000 000 per coin. 

Bitcoin is already an innovation that we're having. I would probably be an angel investor but it should be out of scope to talk about my bitcoin holdings.

It's going to be from my fiat and other sources and not going to be associated with the bitcoins that I'm holding. And if you aim to be a whole bitcoin owner, you should be able to be one of it I think in less than a decade by DCAing.

I doubt that most goods and services will ever be denominated in bitcoin. To get there, we would have to reach a stage where supposedly the world's major currencies would have collapsed, and I don't think that will happen.

What is clear is that even if there are bear markets, those who hold, increase their purchasing power greatly over time. If we add to that accumulating more, so much the better.

It's mostly restricted to people who are known to hold millions or hundreds of thousands in BTC (and don't hire a private security service), no?

Because I'm pretty sure that everyone on this forum, or at least this board, is a known holder.

Wonderful comment i agree but i also disagree to few things mentioned here like crypto isn't dead completely it still has potential but thinking it as life saving and everything is nuts people who are taking out loans to buy cryptos must stop doing that. 

I'd like to point out that bitcoin's purpose was never for you to have a target amount to own. Instead it's purpose is to introduce a payment system that you can use. So in 10+ years when we reach mass adoption you should be thinking about how you would be earning money in bitcoin like getting your paycheck in bitcoin instead of fiat.

This is not a practical approach according to me because you have hold it for 10+ years to fund someone else's project? The angel investor are at risk and what if project fails so your whole 10 years patience and holding for all these years is waste? And did the project will kick start with one bitcoin only? So for me best is to enjoy your profits with yourself only and find some other ways if you want to be an angel investor.

You will make it centralization if you own entire of bitcoin, because that was long time ago we can find alot of airdrop to give free to people so that it is not owned by 1 person. Right now, bitcoin is still considered a threat the central banking, so it's hard if you want to do in what you think. but at some point if everything system has broken, you will be the sole controller.

On chain movements are real but they are like TA indicators, and can be manipulated. It is harder to manipulate on chain transactions and with a very long time to create effects but it is not impossible.

Supply shock is one of on chain data and it does not trigger instant effect. Sometimes you will see dramatic effect after a few months of first signal of supply shock. Because the market is also affected with emotion, psychology of investors, speculators, gamblers and news. Even they see signals, they still hesitate to do what they should do.

Not a practical approach to have products denominated againt bitcoin instead of fiat. It's like capping the price of bitcoin which is not really ideal. It could happen once all bitcoins are mined and the price is shown immense stability. But right now, people wouldn't like to cap bitcoin's price against some damn products.

The entire point of HODLing will fail if it happens!

10 years ago people were also saying that in 10 years Bitcoin will be a global currency and everyone will abandon fiat and banks. You can dream about being filthy rich with a small amount of coins, but it won't make it more likely.

If Bitcoin really will increase in price by a factor of 100 or 1000, that would be great, but it's better to plan your life for a scenario when that won't happen, i.e. not relying on Bitcoin alone with your life savings, retirement plan, long-term investments, etc.

Someone like this guy will start a merchandise line with that name "Kilo Coiner"

Anyhow, for bitcoin to reach a million the conventional currencies will have to fail.

But if the entire world really shifts to bitcoin(or any other cryptocurrency) then what will happen to this society when a solar flare hits the eart lol
Armageddon!

I love the answers so far! Yeah we've already reached the point where known holders are occasionally being attacked. It's crazy!

BTW, if you've been holding for over one halving. I think those people are pretty special. There is a ton of gaslighting in and out of the space.

It could mean one of two things,
• A regular person identified the potential in Bitcoin early and invested wisely over a period of year, gradually building their stash up to the value of 1BTC, or
• Late institutional investors are struggling to join the Bitcoin party and grab as many coins as they can from the market.

In the first scenario, you could be said to be a financial genius by many and you would have acquired many financial lessons along the way to building your stash. The second scenario wouldn't mean much.

My objective of being in Bitcoin would be to not be identified to hold any when I walk into whatever room.

i think the topic creator is suggesting to develop a club, similar to the '3comma club" for people with
$x,xxx,xxx,xxx
atleast $1billion

however if 1BTC is possibly one day in many years going up to $1m .. then it would need to be the 'kilo' coiner or something like that for 1000 coin

It sounds to me that you are placing too much value on what a person has instead of what a person does. Being a whole coiner doesn’t make anyone special, and believe me when I say that you don’t become a whole coiner by throwing BTC at angel investments, so it’s unlikely they would suddenly go that route. Chances are, if you’re a whole coiner in 10 years, it’s because you are a saver, not a spender. The only value in those folks is that they remove BTC from circulation to help make number go up.

I'm not going to hand over my Bitcoin as collateral or investment for someone else's project. That's not why someone HODLs for all those years.

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

what are your thoughts?