If there is enough bitcoins able to be mined for each person in the world to have one coin what would that coin be worth? Would it buy a house or a loaf of bread. Like how is the value of it not able to be manipulated? If I have 10 and you have none then one would hold a lot of value to you if you need to buy something and you would trade something of greater value to get the coin if you needed it to pay a bill or get something
Total Bitcoins will be 21M in the year 2140. You can buy satoshis (100M satoshi per Bitcoin), but early adopters owning 1 Bitcoin now will very likely be new wealthiest 1% worldwide (for investing in humanity).
Yes, it must eventually be used for everyday exchange in order to increase liquidity enough for everyone. They are very near this point in El Salvador, but most Corporations and State Gov’t in US are not accepting it. Some smart small biz operators and municipalities accept it as payment alternative. Your bread will be priced in satoshi and $ and possibly silver simultaneously at some point.
I was buying silver with Bitcoin because I believe it is the only thing more underpriced right now. I stopped and decided to try to accumulate 1 Bitcoin worth, expecting to be able to borrow against Bitcoin collateral asset at some point in the future.
Trading Paradox is that something viewed as too valuable will not be given up in trade for anything else unless it is just a tiny portion of the total “wallet”. This is happening slowly as Bitcoin price in both $ and gold terms increases.
If there is enough bitcoins able to be mined for each person in the world to have one coin what would that coin be worth? Would it buy a house or a loaf of bread. Like how is the value of it not able to be manipulated? If I have 10 and you have none then one would hold a lot of value to you if you need to buy something and you would trade something of greater value to get the coin if you needed it to pay a bill or get something
Total Bitcoins will be 21M in the year 2140. You can buy satoshis (100M satoshi per Bitcoin), but early adopters owning 1 Bitcoin now will very likely be new wealthiest 1% worldwide (for investing in humanity).
Yes, it must eventually be used for everyday exchange in order to increase liquidity enough for everyone. They are very near this point in El Salvador, but most Corporations and State Gov’t in US are not accepting it. Some smart small biz operators and municipalities accept it as payment alternative. Your bread will be priced in satoshi and $ and possibly silver simultaneously at some point.
I was buying silver with Bitcoin because I believe it is the only thing more underpriced right now. I stopped and decided to try to accumulate 1 Bitcoin worth, expecting to be able to borrow against Bitcoin collateral asset at some point in the future.
Trading Paradox is that something viewed as too valuable will not be given up in trade for anything else unless it is just a tiny portion of the total “wallet”. This is happening slowly as Bitcoin price in both $ and gold terms increases.