Quote from: xTz on November 26, 2018, 04:22:57 PM

Hi there,

As title say, the only one reason in my analyses that made me aware about how Bitcoin was created.

In the core of creation, bitcoin core was set to be mined in first 3-4 years about 70%.

So, those small groups who knew about it, they mined Bitcoin almost for free in large proportion. Between 2008 and 2012, at that time the Bitcoin didn't had even a price, only in 2011-2012 was used in DarkWeb, only in 2012-2013 first exchange was launched and price of bitcoin took in place.

By that time, more then 10 mil bitcoin were mined almost for free, only cost of mining, but difficulty was very low. If you remember, in 2011-2012 masses started to build mining rigs, remember this happen after more then 10mil bitcoin were already mined.

After 2011, many lost wallets, around 4mil bitcoins estimated.

Today we are at 17.3mil, if you exclude those 10mil+4mil lost, you realize that only few percentage reach masses.

I cannot say this is a scam 100%, because the way is secured network is amazing, the way how was establish reward for miners is for me a certain Signal of a scam.

Don't take me as a panic spreader, i just wan't to put people aware of what is going on here, especially for those traders who buy for speculation, they can lose alot of money, because they do not understand how bitcoin network was programmed in the core.

So, what i want to say,

YES, bitcoin network can last forever, also price can be manipulated even if mass adoption occurs. Because those who got bitcoin before 2012 can sell every time they want.

For sure bitcoin can go back to 20k, as it can go back to 2012 prices.

Well, there was the earlier adopters, those who don't mine them almost for free, buy them for really low prices, is what you get when you believe in a new project who isn't popular yet. It was about luck, those who join to cryptos in 2009 or 2010 had good luck, and those who hold their coins for this 10 years was wise... but those who buy pizza for 10,000 btc doesn't have the right vision