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Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Zackz5000
on 22/12/2024, 00:10:52 UTC
⭐ Merited by JayJuanGee (1)
Of course, given where we are at, the number of whole coiners is going to be much lower than the 0.26%, even in the best of equal distribution scenarios that we could imagine going forward.
Natural and/or spread out (or equal) distribution would rarely play out in a free market, and I can hardly imagine any scenarios in which more fair distribution could be attempted to be pushed upon the world and its bitcoin acquisition.. so one of the main solutions end up with individual action, and individual responsibility to try to figure out how to consider how to get as many BTC as they are able to get within their own limited circumstances.  

Surely, if we consider so many rich folks, institutions and governments that are going to try to "stockpile" their own little stash, which likely makes it difficult for normies to hold even more than a million satoshis... which likely means that it would be good to buy those million satoshis sooner rather than later, since currently a million-ish satoshis ONLY cost a bit more than $1k.

Edit... and even a nice little buying opportunity as I edit this post.. perhaps we might be able to get some bitcoin for less than 6 digits?  Perhaps? perhaps?.. that means more than 1 million satoshis for $1k.

I understand that not everyone will want to own bitcoin, there are many rich people who made their fortune in real estate or other businesses and they were able to do it without bitcoin. And if they did not buy it before when it cost several hundred, then now that the cost of bitcoin has reached 100k, buying this asset will not be of interest to them.

And given the limited emission, I assume that bitcoin will be concentrated in the hands of large companies like Microstrategy or the like, maybe there will be states that will also want to do this, but I don’t understand everything, yesterday there saw that Bukele making concessions regarding payment in bitcoin in order to receive another tranche from the IMF.

But I would like bitcoin to be distributed among millions of inhabitants of our planet, then it would be much more resistant to various kinds of manipulation.


Most of the rich people you are talking about may not have known anything concerning bitcoin investment and since it is also an online investment they may think is a scam investment because nobody has been able to put them through how bitcoin investment works if they know the value of bitcoin they will definitely want to invest and they won't struggle to accumulate Bitcoin since the money is there from their discretionary income.

You should also note that even if the price of Bitcoin hits $200k people will still accumulate Bitcoin knowing that the price may continue to increase in future time it is when you don't know the value of bitcoin that it won't interest you buy meanwhile those that knows the value of bitcoin long term investment will definitely be interested to accumulate even the price rise above $100k.