/biz/ - Business & Finance

>>15086689
Also for each of these tiers the "BTC per person" is really just an average. For example in the inequality pyramid the bottom 71% people are worth 3% of the global wealth, but that doesn't mean that the wealth is distributed evenly in that tier. You could break each tier up into its own sections that are just as unequal as the overall pyramid itself. In the 12.6 BTC case that's taking the average wealth for anyone in the $5m-$1b range. In reality there are many more people down at the $5m mark than there are up at the $1b mark. In any case, these tiers are less about the price and more about "if BTC takes over, how much do I need to be a 1%er? What about a 0.1%er?"

That's why I find this more instructive than "what if the price/mc was x?". No matter how it shakes out over the next 5, 10, 20 years, one thing I'm certain that will remain is the fact that 1% of people are worth more than all the rest of the 99% combined. And 0.01% of people are worth more than all the rest of the top 1% combined. And so on.

nice, i can still get into the hookers & blow tier

>>15086689
>tfw I can only afford .05 right now

OP how absolutely delusional even on a 10-20 year timespan.

>>15087531
>s-shut up!

10x your crypto with moon3d. bonus schemes awaits.

>>15086689
Twice as gold?
BTC has been around 10 years, gold 20000.
Will never happen even with tether printing.

>>15087977
>Motorcars have been around 10 years, horses 20000.
>Will never happen even with assembly line

BTC no, BSV maybe.

>>15088563
lol

>>15088563
Now that's what I call delusion

>>15088563

this is all assuming BTC/USD rises.

>>15088973
Yes, of course. You'll notice OP started with the words "Let's assume that"

>>15086689
Here is a little help op so you can adjust your numbers and realize that 3 btc is enough to make it.

>>15088474
Lindy effect you dumbass, market needs time to assess SoVs againsts unknown unknowns.

You're welc'.

>>15089282
Good point, I did mention the ~4 mil potentially lost BTC which is certainly an argument for more optimistic numbers. On the other hand some see 2x gold market cap as overly optimistic.

>>15089845
>On the other hand some see 2x gold market cap as overly optimistic.

Growing at the current rate the marketcap will be the same of gold by 2021.
2X of gold is certainly a posibility , let's remember the housing market is such a bubble because houses are a good hedge against inflation.

What's going to happen when milenials can't buy them and start protecting themselves from inflation with cryptos?
BTC and cryptos in general are going to take that entire wealth in properties that is only invested there not to use it as a place to grow a family but as a hedge against inflation.

Crypto is the needle not the bubble.

>>15089896
I do think that another financial crisis (for USA at least) is right around the corner, I want to believe

>>15087044
>Can only afford 0.02
Consider yourself lucky

>>15087044
Freeze those until 2030.

Thanks me in a decade.

>>15090019
That's basically what I plan on doing, if I was smart I would stay off /biz/ and stop checking the price every day too

>>15086689
Personally I think the hookers and blow tier is enough to make it, as long as you don't live in a high CoL place like California

Your numbers are pretty ridiculous, OP. It doesn't take $5M to waste your entire life on vidya. $2M is plenty to live off the interest forever, just moving it between CDs at banks. You won't have your own personal Gulfstream or a swimming pool full of teenage Ukrainian strippers or a garage full of all of Jay Leno's cars, but you can travel, have a kid or two with your girlfriend, and dabble in all the ordinary hobbies you want.

anybody here heard the Schiff vs Pompliano debate? bitcoin in the form of btc has no use case. none, except speculation and transfer of large sums(dirty money, because clean money would find an alternative). look at the fees to transact, they are in satoshis and not in usd. A full block on average on the btc network carries 3000 transactions, and the miners receive 0.44btc currently in fees plus 6.25btc now, before the halving. now lets say price goes balistic to what is being deluded here, 1 million? fine, that means 440,000/3000 = 146.67usd per transactions... we are talking about current purchasing power parity dollars, not hyperinflated dollars yet. who in their fucking right minds is going to pay that as a fee at least twice daily to move in and out of exchanges? forget about using btc as a cash as stated in the white paper, that is already not possible at the moment. Now call me deluded all you want and put the teletubbies dancing for me, but BSV is the only alternative that is scaling now, and that would actually be viable. And it has use cases, many of them. Once Schiff understands that he might change his mind. If I wouldnt know what I know I would as a normie bet on Gold instead of crypto. yeah yeah, boomer rocks... but lets face it, the guys with the money are boomers the world all over, and they wont all die out before september 2021. for the so Inclined here two youtube links:
https://www.youtube.com/watch?v=Wigz8z6Vm3U

https://www.youtube.com/watch?v=SBdx5H0S9Rs

I don’t think anyone realizes that you have to consider that this isn’t a race against people, govts, institutions, etc are all going to hoard this commodity due to the fact that it is extremely liquid and holds value in every country. I’m way past some of these “tiers” and my only advice is just get one, wait 10 patient years, and enjoy a more comfortable life.

>>15086689
Holy shit a trezor with 4 million btc just flew over my house

>>15086689
Since 2017, nobody has made it with BTC. buy a floor of an alt, buy more if it dumps, and hold. then, ride the waves.

My advice : Buy UND on Binance DEX. Wait until it hits $1. Sell.

>>15090875
People give Schiff too much attention, he's not some kind of economic expert he's a meme at this point and is just using the attention to pimp his gold business. He was given a free copy of actual Austrian economist Saifedean Ammous' book The Bitcoin Standard and didn't even read a chapter of it before debating him. All he knows about austrian econ is their business cycle theory, regarding anything else he just bastardizes austrian economics just for the sake of shilling gold, "intrinsic value" is the arbitrary category of whatever he likes and understands as a boomer.

>>15088563
BSV has ONE SHOT. And thats Craig Wright 1) DUMPING IT +2) Claimining rights to the Bitcoin brand name.

If he fucks that up BSV will be just another random shitcoin. Literally 80% of the current price is EXACTLY that. The other 20% are big blocks and the tech.

This is a David vs Goliath - BTC is 50x and more vs a FORK OF A FORK that has on top a shitty reputation as a scam and a fraud.

BSV is a 100x lottery ticket with like a 10-15% chance of success - which is a good lottery ticket to be fair.

But if Craig Wright FAILS to KILL BTC in 2020 BSV will go back to 30-40 USD.

No one gives more than two shits about the Metanet tech and the big blocks. This is nice but other projects have great tech as well. It's either BSV takes the throne with Wright's angle or it will simply disappear.

>>15091184
yes, Schiff is a full blown Goldbug and has many businesses that would profit greatly from a gold bull. No doubt about it. I am saying: put yourself in the shoes of a boomer and the kneeyerk reaction is buy gold. Younger generations or more tech inclined will look at bitcoin(BTC) and the price, but will, once they move it around and make calculations notice it has no use case, therefore no intrinsic demand. Gold doesn´t have intrinsic value, for if it would have my dog would eat it. The only things that have intrinsic value are food water and shelter. Gold has an alternative demand.... Thots love it, so as a man that wants pussy it has some minimum value. Also tht thing about electronics needing it and blabla. But now, lets look at btc.... we have the numbers that I already laid out,...at those tx prices as inflation hedge I and all the suckers that would have to buy btc at 1m would use Goldmoney and their debit card. And now comes BSV... it works and it has many use cases, every single day one more as Antonopolous said, money is just the first app.

>>15090875
you're refering to thecaseforbsv.com, the logic you pull is described there in great detail

>>15091320
the worst part is, it is not only BSV that has that one shot, it is humanity. Bitcoin came with the vision to release us from the gripes of Central banking and central banking saw in usurping the btc devs a way to choke bitcoin before it could flourish. And true, BSV has a shitty reputation, and autistic not easily likeable Craig is not helping much. However, BSV is not a fork of a fork, it just lost its tickersymbol. So yes, I bought that lottery ticket and am hoping strongly that David hits Goliath and wins.

>>15091381
yup... but try to tell people here with the attention span of a mayfly that the should dive deep into the info for bsv out there, when there are literally thousands of other the best coin out there claims.

>>15091430
>>15091411
>>15091352
Not reading whatever faggotry you're posting so rapidly but if you want a thread about EOS go make a thread about EOS, don't spam ETH threads saying you're the real Etherium.

>>15091464 proved my point. We are talikng here about making it, never to have to wageslave a single day in your life or the life of 10 generations below and people here dont have the fucking capacity to read and comprehend. FFS, honestly I am not so sure that the majority of people here should make it.

>>15091184
Wish I didnt sell my btc stack for 500$ now that they're worth 18 million $

>>15091352
Ewww don't respond to me like we're on the same page.
Antonopolous will shill a bunch of dubious narratives because he has an even worse grasp on economics than Peter Schiff, and he likes to be on the good side of everyone in the crypto space because his career is patreon money for public speaking.

Fuck your worthless bcash-2 with its nodes that cost thousands of dollars a month to operate leading to increased centralization. Pic related is a BSVer telling people it's okay to trust central authorities, that only exist due to faketoshi fucking around with a security parameter (blocksize) in a stupid way. You're just a latecomer falling for old stale shitcoin narratives from people whose unit bias alone persuaded them against BTC in favor of a cheaper wannabe. These types then put their ego into their decision while falling for reddit narratives from others who did the same. Craig is a crackpot and if you are banking anything on the faketoshi you're fucking doomed. Stale ass flippen narratives that existed in slightly different forms 2+ years ago are going to fuck you, there is years of evidence now that those narratives don't count for shit. Everyday that goes by is an empirical slap to the face to bcashiers, you ain't the real deal.

>>15091540
this one from the BCH instead of BTC thread shut the other anon up and made him think... lets[s see if it works for you :

anon, dont be stupid, bsv is still at 1.4% price of btc.... do you know what that means? if you are more than 98.6% sure that I am a bagholder I´ll buy drinks. If you are less than 98.6% sure you´ll buy drinks. Odds on that one are in my favor. And yes, I´´m all in BSV and very comfy even though I bought a lot in Fomo at 250.

or another analogy: imagine you buy a house and you know there is an arsonist going around... you dont know If the police will catch him before he sets your abode ablaze, but you have an opportunity to buy an insurance for the price of 1.4% the value of your house.. one time payment.... shit you would buy twice the value of your house and cheer for the arsonist. I bought 50 times the value of my house.

maybe you should read up on what exactly your little shitty raspberry pi node at home can do... wait, I´ll save you the trouble: nothing.

and here: https://www.amazon.com/Book-Satoshi-Collected-Writings-Nakamoto/dp/0996061312/ there you can clearly see that satoshi saw datacenters for nodes coming. price does not equal value... but Corecoiners will see that soon enough.