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Showing 20 of 35 results by oudomopo
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Board Bitcoin Discussion
Re: Everyone forgot April 5th...?
by
oudomopo
on 08/04/2022, 01:22:21 UTC
Happy Birthday to satoshi. I almost know that when I think a lot of bitcoin on that day and studying it more. Invented bitcoin when he was 33. Last seen when he was 37. His last post was under a month before his 38th birthday.
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Board Bitcoin Discussion
Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined?
by
oudomopo
on 07/04/2022, 03:39:02 UTC
Pretend that we are in 2026, 20 million BTC's have been mined. 1 million bitcoins are out there somewhere. The time that the last 1 million bitcoins would be mined is 114 years from now. (118 years in the present.) I can predict that 20.5 million bitcoins would be mined by 2030. Now, you will see something change. 2022-2026 is a 4 year gap, which means that it would take at least 4 years to mine the 20th millionth bitcoin, or it would take 4 years to mine 1 million bitcoin. That would be in 2026. In 2024, bitcoin's mining reward would decrease for the 5th time. After 2026, there would be another halving 2 years later. The next 4 year gap is 2026-2030. The time would take to mine bitcoin in the 2026-2030 4 year gap is 500,000 BTC. Why? Because every 4 years, Bitcoin mining rewards would be halved. In 2028, there would be another bitcoin mining reward decrease for the 6th time. By 2030, Bitcoin's circulating supply is projected to be 20.5 million bitcoin. Then 2 years later, there would be another mining reward decrease. The year would be 2032. In 2036, my projection of bitcoin's circulating supply would be around 20.75 million bitcoin. That would be at least like 250,000 BTC mined in 4 years. After this, it would keep repeating all the way until 2108-2140, where the world turned their attention to the last bitcoin to be mined.







Deleted my previous post since not enough information.
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Topic OP
Why is satoshi the 3rd user registered on the forum instead of 1st?
by
oudomopo
on 06/04/2022, 04:01:44 UTC
I was looking through satoshi's profile and saw that he was the 3rd user registered on the forum. The 1st user on the forum was a user called "admin" I tried looking through this user's post and it says that there were no matches found. The user was registered 2 days before satoshi was registered. Was the "admin" user created by satoshi and one of his alt accounts? This user had the rank called "Newbie" (which I currently have.) This user had been active at least 7 times and he was active for 5 days until he went offline. Is the user "admin" one of satoshi's accounts?
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Board Bitcoin Discussion
Re: imagine a world without Bitcoin
by
oudomopo
on 06/04/2022, 00:31:25 UTC
If there is no bitcoin, then there will be no altcoins since altcoins were inspired by bitcoin. We would never know about satoshi and his bitcoin "peer to peer" white paper. There would be no bitcoin pizza and there might be no blockchain. The only thing that is simular in the parallel universe might be stocks. I would rather live in this universe with bitcoin since it makes more money quicker than stocks. In the parallel universe, I might not be writing this as well since the forum does not exist either.
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Board Bitcoin Discussion
Topic OP
What if all cryptocurrencies merged together?
by
oudomopo
on 05/04/2022, 01:47:09 UTC
What if all cryptocurrencies merged together? Cuz if it merges, then the price of Bitcoin would pass $100,000? The market cap would be at $3 trillion dollars but what will the price be for 1 coin?
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Board Bitcoin Discussion
Re: When and how did you discover Bitcoin?
by
oudomopo
on 05/04/2022, 01:23:30 UTC
I first heard the word "bitcoin" back in like in 2020. I saw videos of people talking about bitcoin and making jokes out of it. In 2021, I saw even more videos of bitcoin and this time, people were talking about a lot of money in videos. I decided to search up the price of bitcoin and google said that the price was exactly $50,000. Right now, I was shocked when I searched up the price and it was exactly at $50,000. So in late 2021, I got interested in bitcoin and decided to invest money into one of the popular investment apps called "Robinhood." Here I am now. Recently I started mining and so far i made 14 cents off of bitcoin. So yes, I am new here as you can tell by reading this. Bitcoin is a great cryptocurrency. People can discover bitcoins by listening to finance, video jokes, and other... I've learned bitcoin, how it works, and the history of it.
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Board Bitcoin Discussion
Topic OP
When will bitcoin reach its all-time high?
by
oudomopo
on 04/04/2022, 00:29:20 UTC
In November, Bitcoin's all time high was $68,000. Bitcoin's 2022 low was around $34,000-$35,000. Since December, Bitcoin's price has been wobbling between $35,000-$50,000. Bitcoin is recovering a bit right now but has not reached its all time high yet. Last month, Bitcoin crossed $40,000 and reached at a peak of $47,000-$48,000 to this day. It still has not rosed above $50,000 yet so there is a small chance that Bitcoin would touch $68,000 in 2023. When an economy experienced a bad recession, it would take like 1-4 years or more to recover from it. Last year in May-July, Bitcoin declined dramatically. Bitcoin lost half of its value and it took at least 3 months to recover from it. It has been at least 4 months since bitcoin was at an all-time high. This decline was longer than the Q2 2021 bitcoin decline. Will it recover in a few months or in a year?

Time will tell. What are your predictions of when will bitcoin recover from this decline?
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Board Economics
Re: When Will This War End?
by
oudomopo
on 04/04/2022, 00:04:13 UTC
I think it would end in a few months since right now Russian troops are withdrawing and no longer in hands of the Chernobyl. If a country enters the war, then there is a high chance that it would take years to end. If Russia does anything to other countries, maybe there would be a high chance of another World War.
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Board Bitcoin Discussion
Re: Bitcoin reaches 19 million BTC mined.
by
oudomopo
on 03/04/2022, 23:54:48 UTC
Post #2
(Posting another one since my prediction is wrong.)
Usually it would take at least 2 years to mine 1M Bitcoin. There is a twist though, Bitcoin mining reward will decrease even more which would cause Bitcoin's mining rate to slow down. So there will be another half in the future so instead of 2 years, it would double to 4 years so it would take 4 years to reach the milestone of 20 million bitcoins. Then, it the bitcoin mining reward would decrease after and the bitcoin mining rate would decrease even more and it would increase more time to mine 1 bitcoin.

Everyone makes mistakes and I only know little about the halving.
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Board Bitcoin Discussion
Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined?
by
oudomopo
on 03/04/2022, 23:14:18 UTC
Bitcoin mining rate will slow down ever more in the future.
The 18th millionth bitcoin was mined on October of 2019
The 17th millionth bitcoin was mined on April of 2018
The 16th millionth bitcoin was mined on December of 2017
The 15th millionth bitcoin was mined on November or December of 2015
1 Million bitcoins were mined every 2 years. Over the years, Bitcoin rewards would be sliced in half again which would cause the bitcoin mining rate to slow down into the future. So 1 million bitcoin would be mined in the next 4 years so the timing rate of mining 1M bitcoin would double and it would keep doubling which would make the mining rate very slow. If there were 22 million bitcoins ever existed, It would take like a few centuries or maybe almost a millennium. But we live in a universe that has at least 21 million bitcoin.
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Board Bitcoin Discussion
Re: How do you feel if satoshi back
by
oudomopo
on 03/04/2022, 16:21:42 UTC
This week is kind of an April Fools week so do not trust anyone at this time of week.
I would have felt like it was a coincidence and everything would be unpredictable in the bitcoin community if satoshi randomly appear to be online.
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Board Bitcoin Discussion
Re: The 19 millionth bitcoin will be mined in the next 24 hours.
by
oudomopo
on 03/04/2022, 15:54:21 UTC
Well almost 24 hours ago as I am writing this, the 19th millionth bitcoin has been mined. The 18th millionth bitcoin was mined in October of 2019 so I think the 20 millionth bitcoin will be mined probably in 2024-2026 or maybe 2030 but time will tell. Maybe all the somewhere in the 2030s, the 21 millionth bitcoin would be mined and that is my opinion of predicting of when will all the bitcoins be mined.
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Board Bitcoin Discussion
Re: What will happen to bitcoin on a world war?
by
oudomopo
on 03/04/2022, 04:44:18 UTC
Maybe the price would wobble and here is why.
1. Fund.
Funding=Rising or Raising/Support. It means that people would use their bitcoin to fund the war and it would get more valuable which means that the funding can help them to get more weapons for their soldiers.
2. Threats, Loses, & Violence
The most important are Threats and that would effect the Crypto economy and would make the price go down and the price would go down the most and it the price rising would become rarer if this happens a lot. There would also be a lot of violence all across the world and that would make people afraid and there would be a high chance of a market sell-off.


Hopefully there won't be another World War because we are all afraid of nuclear weapons
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Board Bitcoin Discussion
Re: Bitcoin reaches 19 million BTC mined.
by
oudomopo
on 03/04/2022, 03:26:55 UTC
Lets go for 20 million. But it would take for a long time since the internet tells us that all bitcoins would be mined by 2140. So we would reach the milestone by a few decades. But in my opinion, i think that would surpass that milestone by 2027-2030.
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Board Bitcoin Discussion
Re: Why are there no altcoins that can replace Bitcoin?
by
oudomopo
on 03/04/2022, 03:20:46 UTC
The reason why no altcoin surpass bitcoin is that Bitcoin is more popular and a lot of people heard of it. It has more investors, more miners, and the cryptocurrency created the birth of the blockchain. Ethereum is the 2nd most valuable cryptocurrency and the most popular altcoin. The month of the first half of November is the golden age for Bitcoin and ethereum. The closest that ethereum would surpass bitcoin when ethereum was close to half of the value of bitcoin's market cap. Bitcoin was about $1.5 trillion in market cap while ethereum's market cap was $600 billion. Right now, Bitcoin's market cap is about $800.5 billion while ethereum's market cap is about $400 Billion. 2022 is the year that we experienced another crypto recession and this year was chaotic. So there is a small chance that ethereum could's surpass bitcoin's value. My favorite cryptocurrency is Bitcoin right now and hopefully it won't het surpassed by other altcoins. If bitcoin can reach at least the price of $95,239, then it's market cap would soar past 2 trillion. Ethereum needs to reach $8,334 to pass $1 trillion in market cap. Hopefully Bitcoin would surpass $2 trillion by 2023.
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Board Bitcoin Discussion
Re: Buying BTC vs Mining it
by
oudomopo
on 29/03/2022, 16:25:11 UTC
I cannot decide on this topic because, Mining bitcoin gives you more bitcoin instead of buying it. It would take 10 minutes to mine a $48,000 cryptocurrency coin. That means that you would need a warehouse with a lot of graphics cards and so on. I would just buy bitcoin since it is the easiest way without buying a lot of computer parts that is the size of a large warehouse. I use robinhood to store all of my bitcoin on One device. I use my MacBook to write this on the bitcoin forum so it is easy without using a phone. So I am undecided on this one and they are really good options. If I would switch to become a bitcoin miner, it would take me months or a year just to mine at least 1 bitcoin because I am cheap and could not afford to buy a Bitcoin mining software and a lot of Graphics cards.
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Board Bitcoin Discussion
Re: Russia's approval of BTC
by
oudomopo
on 27/03/2022, 16:02:06 UTC
Russia's approval of bitcoin might be the worst idea since we are watching Ukraine fighting against the Russians. Since Russia approved bitcoin, there is a chance that Russia would use bitcoin to fund the war and probably there is a high chance that Russia would win the war. Hopefully Russia would not use bitcoin to fund their military or else bad things would happen.
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Board Bitcoin Discussion
Re: A month of WAR
by
oudomopo
on 26/03/2022, 22:49:17 UTC
It has been a month and 2 days since I am writing this. Before the war started, the stocks and crypto was crashing due to Russia threatening to invade Ukraine. (which happens to be true) When Russia was threatening to invade, bitcoin plunged all the way below $37,000 and many people were worried. When the war began, Bitcoin suddenly went up and it happened. As of right now, bitcoin has not grown much since January. Bitcoin is swinging between $35,000-$45,000.
Since March 13th, Bitcoin jumped to almost 15% and since been growing. Right now it is slowing down a bit, but hopefully it would reach it's Early-January peak by the beginning of April.
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Board Bitcoin Discussion
Re: Elon Musk Wont Sell his Bitcoin
by
oudomopo
on 20/03/2022, 14:36:42 UTC
Won't sell his bitcoin because you all know he wants to make money and when bitcoin is more valuable, there is a chance that he would sell his bitcoin and fund his SpaceX program to go to Mars. Currently he has at least 43,000 BITCOINS!!! If bitcoin reaches $100k, his bitcoins would be worth over $4 billion.
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Board Bitcoin Discussion
Re: What if Bitcoin Fails ?
by
oudomopo
on 06/03/2022, 03:13:51 UTC
If bitcoin fails, then the whole entire crypto economy will collapse. Almost every crypto is the same as bitcoin. If bitcoin prices go down, then maybe all crypto is soon going to follow and it might impact the World economy and also banks around the world.