Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Hugo Barbosa on July 06, 2020, 01:38:03 PM
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At the time of this writing, according to Population Matters, there were an estimated 7.8 billion people on earth. While you reading this, the world's population continues to grow slowly.
As the dollar is the agreed global reserve currency, we can imagine everyone owning at least a dollar or trillions of dollars worth of other surplus assets.
Dollars are being printed by a huge margin which at a much faster rate than population growth. This applies not only to the dollar but to the currencies of other countries around the world.
Except for Bitcoin
Between its creation in 2009 and 2140 the year that end of the mining cycle, there will be 21m bitcoins Bitcoins been produced (some of which are permanently lost). As of today, about 87% of the total amounts of Bitcoins have been mined. Over the next 120 years, there are remaining roughly 2.8 million bitcoins which are getting exponentially difficult to produce.
Calculate form the current population and currently available bitcoins, we can infer that by distributing bitcoins equally among everyone on the earth, each person would get 0.00234,497 bitcoins. Or, to put it another way, would be about 234497 Satoshi.
Just as we use penny for a fraction of the pieces dollar, we also take Satoshis for a fraction of the tiny bitcoin. In the future, the reality is that most of us will tend to buy and sell Satoshi bitcoins, as the value of Bitcoins will go to a higher level.
At the time of this writing, the price of Bitcoin is about $9,200 and will cost you $20 to own 0.00234,497 bitcoins. In other words, in present, for only $20, you're mathematically guaranteed to have more Bitcoins than the average person on the Earth has in the future.
However, it is a simplification that intentionally excludes many other factors, so we need to look deeper into the actual Numbers.
Eventhough there are still more than two million bitcoins waiting to be mined, but in the next 120 years, more people will be born on earth.
Understandably, the projections for the global population in 2140 are varied, but assuming we haven't blown ourselves up or discovered some other ingenious way to wipe humanity off the face of the earth, we should expect the number to reach 12 billion by then.
Similarly, with simple math, if you want to buy bitcoins for your great-grandchildren, meanwhile all remaining bitcoins have been successfully mined, you would need 0.00175 bitcoins or 16 dollars.
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However, there is a significant amount of bitcoin has been lost and may never be recovered. In the early days, bitcoin had no value and was easy to purchase. Those who started mining just for fun in the old-time now having accumulated hundreds (or even thousands) of bitcoins. However, some of them already forget about it or lose the private keys. Without the private key, the Bitcoins will never be recovered.
James Howell, a prominent IT worker in the UK, dug up 7,500 bitcoins in his early days and accidentally discarded the hard drive where the keys were stored. The hard drive is in a landfill in Wales, and Howell fails for attempting to get permission from the City Council to assess the landfill.
Howell's story is not rare. The Internet is full of people that tell stories about their loss. These kinds of things are still happening today.
There are many estimates and methods for estimating lost bitcoins, which are always visible on the blockchain, but never accessible and there is no way of knowing who they belong to. If we need 0.0023188 Bitcoins then we should have our minimum average amount or $20 worth of bitcoins.
There are also other investment choices. The biggest feature of BitOffer is that no matter whether it is a bull market or a bear market, it has the opportunity to obtain up to a thousand times of excess income without any margin or handling fee. Bitoffer options provide 7 choices from 2 minutes to 7 days. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.
In terms of operation, bullish is expected to buy, and bearish is expected to buy. The profit calculation is the same as the spot when buying up, how much will increase in the period to earn, when buying falls, how much will fall in the period to earn In short, it is to use a very small principal to bet on the ups and downs of the future range, to obtain high returns. Recently, Bitoffer launched the strongest Ethereum option, with 0 margins, 0 handling fee, and no need to exercise.
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0.00250000 in the form of Bitcoin is quite expensive because this value can be used for Exchange in withdrawal fees can be up to 5x.
Now only if we enter a competition in forum advertising when we work a week and are paid 0.0025 for new members in the forum.
No wonder if the development of a hardware wallet requires this because it could also be a fee for hardware wallet transactions and also for long-term investments as well if Bitcoin reaches 300,000 USD. ha ha
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But you also don't need to wait for the price of Bitcoin to reach 300,000 USD because every day you can also use money with 0.0025 Bitcoin on the Binance exchange.
You can use Margins 5x or even 10x if you use tokens from TRON and Bitcoin.
This is a small step that I used to make money with Bitcoin on the Binance exchange and good luck friend!
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Of course, now you can spend several tens of dollars to secure your share of bitcoins. However, we do not know what will happen to the price of bitcoin in a few decades, and even more so in a hundred years.
It is better to work actively in the cryptocurrency market and switch in time to using potential coins for profit. Bitcoin also should not be too carried away.
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I think it should be more than 0.0025 Bitcoins. It is a rather small number if it is only holding 0.0025 Bitcoins. I think it is better to buy at least 0.5 Bitcoins. It must be a good idea to invest for a long time. You will have a good number of profits if the price can rise up. But if it is only 0.0025 Bitcoins, I doubt you can feel the profits.
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I didn't think that there is all perosn in world who invest in Bitcoin , their is more than 80% who still didn't know about bitcoin . I think holders already hold a Good Amount of capitle in Bitcoin or in others currency .
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I didn't think that there is all perosn in world who invest in Bitcoin , their is more than 80% who still didn't know about bitcoin . I think holders already hold a Good Amount of capitle in Bitcoin or in others currency .
This is an analysis of an ideal situation, this indicated that we should at least holding more than 0.0025 Bitcoins should be better in that situation.