1 billion people could buy 1 million sats
oh wait, no
the price would skyrocket
Discussion
And buy... from whom?
exchanges
Exchanges trade fiat or shitcoins for Bitcoin. That only works, until the other currency hyperinflates and Bitcoiners pull out of the market.
There's a window.
their shall always be sellers of the satoshi. forever and ever amina
and hodler would start selling since their bags "pumped" - idk how people dont see this ponzi .
? joke ?
yes. buying bitcoin is a scam. earning bitcoin was the goal
if you need it the hard way
but if you can still use the shortcut
why not?
shortcut, pumps the fiat price, and after there's no more horny buyers, the price tanks once more. triggering panic selling, rinse and repeat. . . buy bitcoin . . dollar cost average . . rinse repeat. it never ends
Also have to take opportunity cost into account.
If I spend time here, establishing myself in a bitcoin-only market, I'll have trouble working a day job effectively, and vice-versa, at least for a time, until some routine emerges.
Sometimes you have to decide and focus, to transition, and the sooner you can do that, the less potential-Bitcoin you lose in the transition.
I basically have 1 year to get something done, or I'm out. 🤷♀️
Why would they sell for fiat? 😂 They'd spend it on something concrete, like a house or something.
there are still 2 million btc on exchanges
you can still eat from that pie
Only if you've got a currency they want. Most people won't.
i am still waiting for the first fiat currency which will be printed to death because the state buys bitcoin with it.
I think there are smarter ways for governments to acquire Bitcoin.
For example, the UK could auction the Koh-i-noor diamond and park the proceeds in Bitcoin. One rare asset for another. If that goes well, move on to the Elgin marbles.
and how many ppm is the adoption rate?
thats also a hard to guess stat
Yeah, but I think it's safe to say that hardly anyone will have a million satoshis.
Some of the 21 million isn't in circulation, some is essentially retired, the rest is really expensive, but being bought up rapidly by DCAers and gigantic funds.
We probably don't even see most of the Bitcoin trading hands because it's business-to-business, now, or some fiat gazillionaire buying up everything a miner produces at a discount.