Search content
Sort by
Showing 20 of 27 results by DomoMan
I tend to disagree, this is a great time to start buying btc if you have a long term orientation
The innovation rate has never been higher than it is now in the ecosystem
Long term, literally ANY time is good time to buy.The innovation rate has never been higher than it is now in the ecosystem
Will there be enough bitcoins?
Yes.
I read that there are only 21 000 000 bitcoins. Of these bitcoins, only 13 000 000 have been released by the system.
Correct. There are 13 252 000 released so far. The remaining 7 748 000 will be released between now and the year 2140.
That Satoshi person, has a few million and he is not spending it.
That's an assumption. It may not be accurate.
Lots of other bitcoin whoreders [Is that the right word] keep the bitcoins for themselves.
I think the word you are looking for is "hoarders". Most hoarders will eventually spend and use their bitcoins.
So only a few bitcoins are in circulation.
In Africa, their are 14 000 000 000 000 people. I each of them, has only a few satoshis, nobody else will have any coins.
You are mistaken.
There are only approximately
7 243 000 000 people in the entire world therefore there cannot be
14 000 000 000 000 people in Africa.
How do they over come this problem? [People on other forums says by increasing the decimal value = 0.0000000000]
How does that work?
How does that work?
13 000 000 bitcoins. Each bitcoin is 100 000 000 satoshis.
That means there are 1 300 000 000 000 000 units of currency available.
1 300 000 000 000 000 satoshis / 7 243 000 000 people = 179 483 units of currency on average for every human being on the planet.
That assumes that every human (including infants) is actively participating in bitcoin and that there are no other currency systems in existence on the entire planet.
More than likely there will be many infants and other humans that do not participate in the bitcoin economy at all. This means that each active participant in the bitcoin economy could have several hundred thousand satoshis.
As the number of bitcoins increases during the next 100 years, the average number of satoshis per active participant will increase perhaps to a million of more.
It appears there is not a problem with the quantity available.
What happens if world population keeps growing and growing after 2140 tho?
That spike was amazing but probably we will be there in the next year.
That spike was amazing but probably we will be there in the next year.
This. Is just a sign, will bump this thread before 5 year pass and 3200 will be bottom.Banned for not doing constructive posts 
Banned for a constructive post
I would say Never even if I'am new on Bitcoin ... but I see that it was about 600$ last month ... and it's dropping badly this month 480$-520$ so .. yep 
It's rising, 518$ now. These flucuations are normal in bitcoin. If we have a big rise like in the beginning now, we would end at around 2000$. 10.000$ is far away but I wouldn't say never. At the same time, fiat is suffering from inflation.. so I hope BTC rises faster than fiat inflatesYou're misunderstanding inflation. If 1 btc = $100 USD, and USD is experiencing 2% annual inflation, if nothing else changes that btc will be worth $102 in a year. Inflation will cause the price of btc to rise, if you are measuring btc value in that currency that is inflating.
Indeed, btc only way in the long run == UP
It will take a major player to enter the game, either be the greedy ass Wall Street guys not wanting to miss the boat once they realize the real potential of BTC, or something like eBay accepting payments. Check for these type of news. Right now whales are being feed cheap BTC.
Very true. We need more and more big companies to take bitcoin seriously.
We already have Newegg, Tigerdirect, Dell, Overstock, Dish, etc, but we need more like eBay, Google, FB, etc.
I'm pretty sure these companies are monitoring potential of Bitcoin very closely and they'll enter the game sooner than we think.
That will be a game changer.
Yup. It only takes one to keep the rest comming in, domino effect here it comes.