/biz/ - Business & Finance

>>18163722
BTC's inflation will halven in may. currently there are 1,800 BTC mined each day, and almost all miners sell very fast to cover operating/hardware extension costs.
if there is less than 1,800 BTC daily buy pressure on BTC, the price automatically goes down. if there's exactly 1,800 BTC daily buys, that's just enough to cover the sell pressure from mining and keep the price even.

from may the sell pressure will lower to 900 BTC per day.

from previous BTC halvenings, the effects generally start showing off inevitably after a few months.
ETH has just the most, and also generally the best devs in crypto. proof of stake will practically eliminate inflation, that is if you hold 0.01% of the total supply and stake it, you'll always keep holding that much of the total supply regardless of inflation rate, you won't need to invest millions into mining equipment and burn away electricity.

no cryptocurrency with serious, strong fundamentals (that weren't blatant scam projects) has switched to proof of stake from proof of work before. once the development is ready there'll a huge FOMO nobody wanting to miss out of picking them up before staking.
noone knows exactly when it'll be ready and bug-free, but if anyone can achieve this all sensibly, vitalik can.

>>18044382
nope it gets printed out of giving answers to computationally expensive problems, with 0 arbitration. nobody can say "i will print 4 trillion bitcoins today and if it doesn't have the arbitrary result i want, i will just keep printing trillions until it does!"

>>12912432
Buying Snow over 10k sats is retarded, is a 6 month old project with BTC emission (7200 coins everyday until the halvening in 4 years). Don't be stupid, let the chink miners do their thing and wait for sub 10k sell orders (1 month from now)

>>12567331
Inflation hits fast and hard,if you want to hodl wait until october (asics launch) and buy some

What if I told you... it's actually fiat currencies that are ogre.

>>4395602
See >>4395613 it's clearly deflationary
Why would anyone pay 2.20 for a load of bread when in 1940 it was 10 cents?
>>4398804
copycats =/= bitcoin

>>4398298
It's supposed to do that
As a deflationary currency it's purchasing power is increasing. However the rate of deflation is slowing over time because of increased mining difficulty and limited supply.
Eventually we'll get a point where it will be much more stable and returns will indeed diminish.

>>4380117
By the way here is same graph but with bitcoin.

Why aren't you saying bitcoin is highly inflationary, huh?

>>2773281
>Can you imagine a world with a limited amount of Gold and Bitcoins and Altcoins?
are you fucking kidding me?

>>2773290
BTC goes $1,000,000++

So in terms of the long view of cryptocurrency, isn't there a conflict of interest between users, who want the highest value for their currency, and the devs, who want the highest level of circulation? Won't the devs want to release as many coins as possible, while the users/investors will want as few coins released as possible?

>>2723522
Do you understand how any of this works?

BUY BITCOIN YOU FUCKING RETARDS

WE ARE GOING TO BE FUCKING RICH

>>2172079
Around 2140

By 2030 we should be rich, notice how steep the line becomes, it's almost all mined by 2030.

2020 will be a big year tho.

>>2138998
There will be 21 million coins ever created.
If you hold 21, you are in a group of 1 million people.
Considering all the lost BTCs, less than 21 (but 21 is cool to hold).
There are 7.5 billion people on earth.

There will NEVER be enough BTC for all fiat millionaires in existence today to own ONE.

There will never be enough BTC for all CORPORATIONS in existence today to own ONE.

Do the fucking math.

Bitcoin is designed to reward those that get in early (as it should). Risk/reward, cut and clear with the same rules for everyone since day 1, no bullshit.

The only crypto moguls will be the 21 BTC+ holder club.

All alts would have been absorved already by the BTC sidechain hydra.

>>2020164
Once you are still a wagecuck by 2030 and we are multimillonaire bitcoin holders you'll still keep your sanity?

>get 21 BTC
>be filthy rich by 2030
Not that hard.

>>2007800
2030:
>Stacy and Ashley, could you suck my dick while Kimberly makes the dishes and Anette washes the Aventador? Thanks.

Less rich than you'll be if you just hold BTC.
Hint: own 21 BTC in 2030 for insanely rich status.

>>2002351
>everyone is autistic enough to finish a nightmare mode college degree while not getting laid and being a fucking subchad incel as you see all the unobtainable college stacies
>become a wagecuck anyway with high stress due high responsibility job
no thanks jeff. anyone with a brain is stacking BTC and getting filthy rich in 2030.

The distribution was perfectly fair in the sense of the halving curve being public, and early adopters taking a risk by mining and buying something that was literally worthless (1 BTC = 0 dollars). Those visionaries must be rewarded for their amount of risk taken by being there first. Ever heard of risk/reward ratio? Bitcoin respects that.

Bitcoin was released publicly and everyone that stumbled upon it at first ignored it for years except a few that saw value in it before it even had a pricetag. This is exactly how people get rich: Getting in before the average joe sees any value on it. Complaining against this logic is exactly what a communist, or an altcoin bagholder, would say.

Even if you gave 1 person = 1 BTC, equally distributed across every person on earth, the smarter guys would end up amassing all the wealth. There's no escape to this fundamental basic law of life.

If you look at the graphic, you'll realize we are still under the early adopters phase. With the knowledge presented here, you should know what to do, unless you want to continue whining at life and coping with a "Bitcoin 2.0" fantasy.

>>963545

bitcoin doesn't get interesting until 2030.

check image

>>945586
Not late. Late will be 2025 when BTC is 5 figures and plebs start getting it. Right now no fucking average joe knows what Bitcoin is. Owning just 1 BTC in 2025 will be mission impossible.

>>936428
There's no way to know. Take into account that the (unpayable) debt of the US is approaching 20 trillion. We only need a tiny % of that money to flow into the Bitcoin ecosystem to drive the price to 100K-250K per Bitcoin. Consider the decrease in inflation as well as more halvings happen. By 2025 we should start seeing some serious suicide watch shit on no-coiners part.