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Quote from: Abiky on March 06, 2025, 11:53:08 PM

Of course. Bitcoin isn't even worth $1m (USD) yet. So there's plenty of time to get in before the "big pump". Even cash (coins and paper money) and plastic cards (credit/debit cards) are still a thing. Once we get past that, adoption for digital payments (particularly CBDCs and crypto) will rise. Only then, it will be late to get into Bitcoin.

You are repeating your wrong idea about sometime in the future it being too late to get into bitcoin, which truly is not true.

If you are a no coiner, then it is never too late to get into bitcoin, and if you are a low coiner, then by definition, you do not have enough coin.. so you have to get more.
If you determined that you have enough bitcoin, then sure, you might be correct, but you might be mistakenly believing that you are not a low coiner, when you in fact are a low coiner... and so if you are a low coiner, then you need more coins, even if you wrongly concluded that you are not.

Right now, an overwhelming majority of the world's population is either no coiners (probably close to 99% of the world's population), and then some additional folks who have bitcoins, yet perhaps most of the coiners are actually low coiners who don't realize that they are low coiners...so they are not continuing to work to get more bitcoin, as they should be.

Well from what I understand about the concept of demand and supply as regards to bitcoin, it explains that even after all blocks have been successfully mined and after more persons have come to realization of the importance and have adopted bitcoin, the scarcity as per limited supply would still act as a catalyst to the price increase. Miners would still make profits off transactions fees, and investors would still experience pumps. People like to see bitcoin as digital gold so let's take gold as a case study. Irrespective of the fact that other currencies that have good value has been discovered yet gold still remains one of the most valuable assets in the world because of its limited supply. Even till date, people buy gold and make profit from it likewise bitcoin. There is always a second chance to buy and make profits from the market most especially before all blocks have been mined. And unlike gold bitcoin is digital and can be easily accessible by anyone anywhere, just imagine a scenario where more than half of the world population adopts bitcoin, that's a massive pump right? But that is not happening today or even the next 1 year because of some governmental factors. That implies that there are still lot of opportunities for those late investor to make profit from bitcoin.

Bitcoin is even more scarce than gold.

Furthermore, bitcoin likely beats gold in almost all of the other monetary properties including but not limited to verifiability, transportability, divisibility, and abilities to use and hold without as many third-party costs.

A big one not to forget is utility in a very broad sense. Bitcoin is more versatile than gold and it has something that gold can never fulfill, which is a certain kind of utility that goes hand in hand with the other properties: its portability . I have once read an article I think where it was stated that bitcoin contributes to infrastructure being closed in rural areas because power plants couldn't be build as there is this egg and chicken problem. Without power, no industry and business, but without industry and business, nobody consumes (buys) the power generated by a plant.

With bitcoin it was said that now building a power plant can be done first because if there is excess energy, it could be pointed to mining while an industry sector develops. This is only a single idea, but this is what I mean by portability. You can literally beam bitcoin anywhere as long as mining is profitable under certain conditions. Profitable doesn't mean it has to generate a profit, but it could be profitable given that in that area, a business sector can develop while the power plant can hold itself above water financially due to mining. Africa with solar energy was one example.

Yes, bitcoin is insanely versatile and I still believe we have seen only a fraction of its use cases as it can evolve. Gold can't evolve and gold can only be mined where gold is whereas bitcoin can be mined wherever someone wants bitcoin to be mined.