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I figured it out. The Canadian dollar is the world's 6th largest reserve currency.
The total money supply M3 in September was 2032737 CAD Million. (2+ Trillion)
Total bitcoins mined = 14.842700 Million
2032737/14.842700=136951.9696551167
1 Bitcoin = $137 Billion Dollars. Give or take.
Keep some change in cold storage and your retirement is set.
The total money supply M3 in September was 2032737 CAD Million. (2+ Trillion)
Total bitcoins mined = 14.842700 Million
2032737/14.842700=136951.9696551167
1 Bitcoin = $137 Billion Dollars. Give or take.
Keep some change in cold storage and your retirement is set.
OK, seems legit. I will be able to repay the 100% of Greece's debt, and keep some change for bailing-out the rest of the EU...
I think $300 will hold at this time.
Let's hope so!
Unfortunately Greeks recent history is not positive in terms of managing their national debt. It was not surprising that government reached out for money of their citizens to help itself.
If you are living in any country with similar problems and suspect that your national currency is not so stable, don't invest in it and don't keep it!
If you are living in any country with similar problems and suspect that your national currency is not so stable, don't invest in it and don't keep it!
I see numerous comments about Greece in this forum, and the easy thing to say is that "Greeks didn't manage their debt".
The thing is, that you don't really know when the time comes where your country suddenly has a debt problem. Imagine living in a country with a 110% Debt/GDP ratio (a normal ratio nowadays), everything is fine, until one day some EU officials decide that your debt is a problem. And your country suddenly needs a bail-out. Things can go south very fast, if someone decides that your state debt is a problem.
Also history of Cyprus and Greek show, that your money stored in banks are no longer fully yours...
That's exactly what I described in my blog post earlier:Are your money safe in a Greek bank? Think twice.
Dear Fakhoury, a word of advise:
Thousands of Greeks lost their savings, after the 2012 PSI haircut, which included their "super-duper-guaranteed " government-issued bonds.
There is no such thing as "100% Guaranteed", when banks and governments are involved.
Just HODL!
Thousands of Greeks lost their savings, after the 2012 PSI haircut, which included their "super-duper-guaranteed " government-issued bonds.
There is no such thing as "100% Guaranteed", when banks and governments are involved.
Just HODL!
Re: What are your plans for YOUR BTC if the price rockets in the future?
My HOPE is if the bitcoin price surges to ridiculous heights, the bitcoins i have will be able to be spent JUST as i spend my GBP now,
if bitcoin ever got to 10k per coin, ill be spending not selling, is this the same for most? orrrr?
if bitcoin ever got to 10k per coin, ill be spending not selling, is this the same for most? orrrr?
I hope the exact same thing: BTC goes to the moon, but we don't have to sell it, we just spend it like any other currency.