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11304307 No.11304307 [Reply] [Original]

How comfy will someone be owning 1 bitcoin 5-10 years down the road? Would you still have to work? I imagine it will pay for a house, but you will still have to work to pay for
Other stuff like food,insurance, taxes.

>> No.11304331

>>11304307
in 2028 (2 btc halfings from now) I bet 1 BTC will be able to buy you a decent home in most parts of north america

>> No.11304336

in 5 years 1 bitcoin is apprx 1.4 million

>> No.11304344

>>11304307
with 0.21 btc you are part of the 1%

>> No.11304392

A single Bitcoin in five to ten years from now will have escape velocity such that you will likely never fully spend it.

>> No.11304394

>>11304336
What will 1.4 million be worth at that point though? Wouldn’t this require some kind of hyper inflation scenario beyond the usual (((QE)))

>> No.11304443

Bitcoins max price will be roughly twelve million dollars per piece once it's realized. I won't live to see the day, because that will be after the year 2100. Good news is within a decade we'll see ~1.5ml/per Bitcoin.

>> No.11304563

>>11304336
something like that yes.
my brother fucked me over i could buy 3 btc but had to buy his share of the family home to help him out.

>> No.11304622

>>11304563
My parents called me a fraud and withheld money I had loaned them for six months, when Bitcoin was $12 in October all the way to April of 2013 when it went to $266.
Their foolishness cost me 87 BTC, which cost them their relationship with me as I turned 21 in 2013.

Never mix family and money. Your bloodline matters more than theirs.

>> No.11304629

>>11304443
What happens when we get to 21 million? Will there be a need to mine ?

>> No.11304637

>>11304629
The reward is a subsidy to hold us over until the transaction fees are large enough to sustain the costs of mining.

>> No.11304641

>>11304307
At least 1 Million dollars per Bitcoin.

>> No.11304654

>>11304629
We will need miners still or the difficulty would drop tremendously in which case people would start mining again. It all balances out nicely. They will get transaction fees and by then we will have different scaling methods like LN which are alternative income streams for miners.

>> No.11304880

>>11304637
What about electricity costs in the long run , isn’t it going to reach ridiculous levels , right now we are at 1% of global electricity for btc.

>> No.11304900

>>11304880
Cheaper than all other alternatives of moving Bitcoin around, it will inspire competition for lower energy production costs to improve profit margins.
In addition to this there will be different opt-in scaling solutions at different layers of the network.

>> No.11304908

>>11304900
*alternatives of moving other forms of money around

>> No.11304920

>>11304307

The real question is how much per XMR in relation to $1m+ per btc

>> No.11304926

>>11304622
M-Mike? Are you still alive?

>> No.11305066
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11305066

>>11304920
This is from the satis group report

>> No.11305369

>>11304880
How much electricity is used to serve out YouTube videos or play video games? If mining provides something that people want then its electricity usage will be in line with what people are willing to pay to use the bitcoin network versus other uses of electricity.

I wouldn't be too worried about the environmental impact of bitcoin mining either. I see the future of mining mostly existing of remote operations in cold places with lots of lakes and rivers like northern Manitoba where you can build small scale hydroelectric dams off the grid where electricity generation can match consumption exactly.

>> No.11305390

>>11305066
too bad you can't buy xmr on coinbase yet.
also they underestimate litecoin greatly. it's more volatile than btc which is a great opportunity to get more btc. basically a multiplier.

>> No.11305414

>>11304392
One day there will be clubs that you cannot enter unless you are able to sign a message from a wallet with 1+ BTC

>> No.11305453

wet dreams

>> No.11305503

>>11305390
I’ve never understood litecoin, maybe it served a purpose a while ago when we needed a light weight btc, but now there is even more lean coins. I don’t see it solving any kind of problem any more.

>> No.11305800

>>11305503
basically it follows btc but always overshoots up an down quiet predictable. i made some money on watching btc-usd as an indicator and trading ltc-eur. once the bullrun begins ltc-btc will shoot the fuck up. as for problem solving who cares i won't hold it long term it's just useful daytrading.

>> No.11305826

>>11305414
this guy lives in 2030

>> No.11305915

>>11304926
Not Mike, but it seems there are several other people who share a similar background. I wouldn't wish the feelings of betrayal I felt on my worst enemies.

>> No.11306066

>>11305503
It's for people who want to use BTC but are too spiteful to use BCH.

>> No.11306211

>>11304307
The crypto boom is over. You missed your chance. Look at the charts. All that's left is those who didn't jump out at the top and are now left wondering what could have been and shilling for more buyers to enter the market.

Not going to happen.

>> No.11306332

>all this delusion

>> No.11306342

>>11305066
That chart is pure retardation

>> No.11306351

>>11304307
Very comfy

>> No.11306355

>>11306332
>Bitcoin won't be worth $1 EVER. Why would it be worth the same amount as dollar? It makes no sense, it's just worthless and doesn't exist...

>> No.11306492
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11306492

In 10 years:

1 BTC = Regular millionaire (There aren't enough millionaires now if they wanted 1 BTC)

21 BTC = Logal mogul

2100 BTC = Wladimir Club

1,000,000+ = The string pullers (Rothchilds of Bitcoin)

>> No.11306504
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11306504

>>11306211
We've finally bottomed.