Bitcoin

[HammerDown]

“Bitcoin at $10,000??? Riiiiiiiiiiight!”

 

[HammerDown]

 

[Bender]

2050, like this planet is going to make it to 2050. what a grift.

 

[Bender]

at least you're in on the joke/parody of it now.

 

[HammerDown]

…and some old ignoramus on here thinks the purpose of this thread is to recruit buyers for Bitcoin.

 

[Bender]

…and some old ignoramus on here thinks the purpose of this thread is to recruit buyers for Bitcoin.

i can safely say i'm younger than 80% of the posters here. i won't deny i haven't been the best about making my money work for me, but a thread on one play. sorry, it's not for me. do your thing, but the cult hive mindset behind it, it's fucking ridiculous. do your thing. is it worth more than gamestop too?

 

[HammerDown]

Meanwhile...

 

[HammerDown]

 

[HammerDown]

“They need us to buy $10 worth of Bitcoin. This is like Amway. Trust me, I know a lot about Bitcoin.”

 

[Schmoopy1000]

“They need us to buy $10 worth of Bitcoin. This is like Amway. Trust me, I know a lot about Bitcoin.”

my question is. If Bitcoin is so valuable & we are to hold it long term & there is only a fixed # of bitcoin. How is there any for sale? Why isnt everyone just holding it?

 

[HammerDown]

my question is. If Bitcoin is so valuable & we are to hold it long term & there is only a fixed # of bitcoin. How is there any for sale? Why isnt everyone just holding it?

I’m not sure exactly what your question is but I’ll try. First not all Bitcoin has been mined. Second, the market price is prohibitive. You have to understand the basic tokenomics but at no point, not even day one was the full 21M supply available. That’s why when you start learning how it’s engineered, your mind is blown. It’s perfect.

 

[HammerDown]

Best-performing asset of the decade.

 

[HammerDown]

“If all three of us in this thread don’t buy $10 of Bitcoin, the price will go down.”

 

[Schmoopy1000]

I’m not sure exactly what your question is but I’ll try. First not all Bitcoin has been mined. Second, the market price is prohibitive. You have to understand the basic tokenomics but at no point, not even day one was the full 21M supply available. That’s why when you start learning how it’s engineered, your mind is blown. It’s perfect.

Oh. So the 21 mil bitcoin hasnt been all bought yet?

I thought it got to 21 million & they capped it there.

Do we know how much has been bought so far?

 

[HammerDown]

Oh. So the 21 mil bitcoin hasnt been all bought yet?

I thought it got to 21 million & they capped it there.

Do we know how much has been bought so far?

No, it hasn’t been bought and won’t all be available til 2140 (I think?)

There can only ever be 21M Bitcoin. Each Bitcoin is divisible by 100M.

You don’t have to buy a whole Bitcoin (surprisingly common misconception).

Last question: yes. The ledger is completely open. 19.1M Bitcoin are in circulation.

The next “halving event” is in 23 months.

Demand
Supply

 

[HammerDown]

That's fud. El Salvador hasn't lost a centavo and they just bought a bunch more. They're not trading Bitcoin. Everything you post about Bitcoin scream I don't know anything about Bitcoin.

The President of El Salvador…

 

[Swurv]

The President of El Salvador…

I saw some statements by Samson Mow about how El Salvador's tourism is off the charts, by far the highest in Central America and how Bitcoin Beach alone has paid off student loans for thousands of people and Bitcoin is funding the attack on gangs. He said when you're there, other than political opponents of Bukele, it's universally adored because it's improving lives and a success beyond their hopes.

 

[HammerDown]

 

[psaboy]

I know very little about Bitcoin and other crypto. How do you mine Bitcoin?

 

[Schmoopy1000]

I know very little about Bitcoin and other crypto. How do you mine Bitcoin?