Post
Topic
Board Bitcoin Discussion
Merits 2 from 2 users
Re: I feel like there is no way to keep up
by
DannyHamilton
on 01/08/2021, 00:28:06 UTC
⭐ Merited by pooya87 (1) ,BlackHatCoiner (1)
With bitcoin going up in price. To eventually own just 1 bitcoin.

This is an extreme goal.

There will never be more than 21 million bitcoins. This means that less than 21 million people in the world will be able to own 1 bitcoin. There just aren't enough of them to go around. There are over 7,900 million people in the world.  If you owned a full bitcoin, that'd put you well into the top 0.25% of the holders of bitcoin in the world.

Even if only 1% of the world owned any bitcoin at all, owning a full bitcoin would still put you WAY above average. You'd have more than 75% of the bitcoin holders.


That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.

Gambling on altcoins seems risky.  The best way to end up with $100,000 worth of altcoins is to start with $200,000, and sell after you've lost half your money.

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.

Imagine that someday 1 Satoshi ( the smallest spendable unit of Bitcoin) is worth the same as 1 U.S. penny (the smallest spendable unit of U.S. dollar).  In that case, having 1 Bitcoin would make you a millionaire in U.S. Dollars. Having just 0.04 BTC would give you the same amount of spending power then as having 1 BTC gives you today (about $40,000 worth).