Is 1 BTC enough to make it bros?
Like, just barely make it.
Is 1 BTC enough to make it bros?
Kevin Clark
Nicholas Bailey
how does 3M sound?
Thomas Rodriguez
That sounds comfy
Ethan Long
if you only have 1 BTC, buy cheap drugs off one of the dark markets and sell them for 3x profits. someone I know that definitely isnt me did that and made more in 1 year than they did working in 4
Juan Green
Depends on how long you can wait
Can you wait 10 years?
Jack Moore
I'm a burger and a fan of lucozade. It was kind of a treat every time I went over to England every few years. Then a few months ago I found out the fucking pajeet convenience store literally on my block sells it.
Thomas Howard
No, buy XRP or die a poorfag
Gavin Torres
I miss when I used to do this stuff. Just hang out and be a nuisance in public. I wish I was 13 again.
Easton Long
I suppose so. I don't have anything better to do that wait
No drugs are degenerate
Elijah Perry
I'm going to give you the low-down, user.
Right now, Bitcoin is sitting at approximately 5/6th the scarcity of gold, judging from the stock-to-flow ratio. Currently gold's marketcap is $9-10 trillion and rising. Bitcoin's is hovering around $200 billion.
That's a lot of room for Bitcoin to rise. That means we could plausibly see 200-400k Bitcoin -- this cycle alone.
But that's only the beginning. Because every four years, Bitcoin has another halving that cuts its inflation rate. This effectively DOUBLES its stock-to-flow ratio.
This means that in the year 2024, Bitcoin will be TWICE as scarce as gold, with twice the stock-to-flow. This would potentially bring it into the million-dollar-per-coin range.
And it keeps going, user. In 2028, Bitcoin will be FOUR TIMES as scarce as gold. In 2032, it will be EIGHT TIMES as scarce.
So yes. One Bitcoin is all anyone on earth could ever or would ever need. The only question is how long you're able to wait. Do you want to sell in this bull market and buy even more Bitcoin at the bottom of the next bear? You can do that. Do you want to hang on to your Bitcoin and wait for the million-dollar valuation in 2025? You can do that too.
But whatever you do, you never EVER sell all of your Bitcoin. It's the scarcest financial asset in human history, and as long as you have ONE, you will make it.
Julian Torres
Thank you mr plantation owner!
Very cool
Leo Bailey
i hope so but i got 2 just in case
Julian Bailey
Why is scarce good?
I have an extremely finite supply of hairs on my nuts. Granted, they are very hairy but relatively they are very scarce; much more scarce than bitcoin. Does the scarcity alone make my nut hairs more valuable than bitcoin?
Camden Thompson
scarcity is a fundamental property of good money
Grayson Robinson
>litecoin
>bitcoin cash
>bitcoinSV
so these are all good money? They are forks of bitcoin. They are all scarce, and they are all bitcoin.
Joshua Brown
Also, are my nut hairs good money, due to their scarcity?
Cooper Sullivan
No, user.
You need at least one single Stakenet MN to make it.
Christopher Wood
It's a shitty crypto, but at the very least, Bitcoin is a collector's item. Which means some people will always want to have some as a matter of pride. It's sort of like investing in art. Maybe you should crochet your pubes into something pretty.
Connor Wilson
Sir, I would like to buy three (3) of your nut hairs
Ryder Ward
yeah I can understand bitcoin as a collectors item since it was the first cryptocurrency but I find the argument that its scarcity is what makes it valuable is kind of silly.
Logan Martin
how low do you think we will see it go at bottom of next bear? if 1 is enough, 2 should be plenty.
Jace Jenkins
Who do you sell them to?
Evan Wood
they are but they are not as widely known therefore the acceptability (another fundamental property) declines.
you nut hairs are not good money for a host of reasons that's just common sense, but i will say they're not fungible meaning you would need to cut a single hair into 100 or so pieces and these pieces would be exceedingly difficult to store and manage and you cant send them over the internet either.
Ryan Moore
Yes, and if I get a chance in moment I will post in this thread telling you why
Jayden Mitchell
you really dont understand economics then but okay.
Evan Edwards
>your nut hairs can be counterfeited
>your nut hairs decompose quickly
>your nut hairs aren’t fungible (each one is unique)
>your nut hairs can’t be transacted conveniently and reliably
I mean, I could go on.
Sebastian Fisher
1. Digital scarcity is a discovery that cannot be re-discovered. A million clones could be created of Bitcoin, systemically identical, but none of them ARE Bitcoin. Why? Because:
2. Bitcoin is the most secure chain with the greatest hashrate. The moment this is no longer true is the moment it fails, and the entire crypto space collapses.
So yes, demand is the other side of the equation when it comes to scarcity, but no other store-of-value crypto asset will ever accumulate the demand to match Bitcoin's. Read The Bitcoin Standard to help wrap your head around it. Once it clicks, you'll have the "a-ha!" moment.
Aaron Roberts
>they're not fungible meaning you would need to cut a single hair into 100 or so pieces and these pieces would be exceedingly difficult
That’s divisible, not fungible. Fungible is the fact that each hair is as unique as a precious snowflake and therefore can’t be valued equally
Luke Hall
Hunter Myers
If we match the previous two cycles, we'll see an 80-85% decline from the top. Volatility may decrease significantly with institutional involvement though, so I'm not willing to place bets. I am confident the minimum retracement will be -50% however, and I'll be starting my buy orders at that level and laddering buys as it descends. Even the stock market crashes 50% after bubbles, so this is a solid place to start the DCA back in.
And yes, two Bitcoin will be godlike in five years.
Asher Roberts
If scarcity wasn't important, gold wouldnt be $2000/toz. Its industrial value is nowhere close to that, definitely under $100/toz. It is a store of value because it has been deemed so. It's the same idea with Bitcoin. Yeah it doesn't serve have any really valuable utility, but a lot of money is parked into it and it has the best 10 year return of any asset in history. It's that idea combined with the collector's value idea that will keep it going as a safe haven asset.
Ryan Ramirez
7 BTC club. Lets go