Biz is my calculation correct ?

[Anonymous No.11472929]

I'm trying to estimate BTC price with mining rewards with 81712$ per block reward

[Anonymous No.11472949]

>>11472929
maybe

[Anonymous No.11472950]

>>11472929
Is this possible ?

[Anonymous No.11472957]

>>11472929
> adoption
Wouldn't it be nice if this wasn't purposefully stinted. Buy further down the chart, support innovation.

[Anonymous No.11472968]

>>11472929
Holyshit this mean everyone is going to make it WTF

[Anonymous No.11472992]

>>11472929
MODS DELETE THIS

[Anonymous No.11472994]

>>11472929
no shit sherlock why do you think we are all here trading to build up our btc balance?

[Anonymous No.11473005]

>>11472994
fuck then 2020 is our the last chance to make it

[Anonymous No.11473027]

>>11472929
Thanks OP I’m feeling rich as fuck now

[Anonymous No.11473041]

Why do you reveal this dumbass keep it secret

[Anonymous No.11473058]

>>11473005
Why? Can't wait longer?

[Anonymous No.11473067]

>>11472929
DELETE THIS

[Anonymous No.11473082]

>>11472929

[Anonymous No.11473084]

>>11472929
deep kek

[Anonymous No.11473091]

>>11473082
let me guess, Taleb, "Black Swan" kek

[Anonymous No.11473097]

>>11472968
It's a non inflationary currency, hence only early adopters that hold a decent chunk will make it.

[Anonymous No.11473114]

>>11472929
So the meme magic is real damn

[Anonymous No.11473359]

just because reward per block decreases doesn't mean bitcoin's fiat value is going to adjust for mining to stay profitable, you retards

[Anonymous No.11473382]

>>11472929
did you account for inflation, and the real probability that the usd will cease to exist/become a toilet paper alternative?

[Anonymous No.11473411]

>>11473382
no my fren this is only pure electricity cost with current mining difficulty can't imagine BTC will really be in 2045 minimum around 3 million at least if not more

[Anonymous No.11473420]

>>11473359
Bitcoin always adjust for mining because miners sell bitcoin with price close to mining cost if not more and if BTC crash miners hold it they don't sell at loss

[Anonymous No.11473427]

>>11473359
try and explain why not and then i'll tell you why you're wrong

[Anonymous No.11473439]

>>11472929
op holy shit my plan to accumalate 10 btc by eoy

will i make it by 2021?

[Anonymous No.11473465]

>>11473439
only time will tell

[Anonymous No.11473497]

>>11473439
You might want to hedge 50% of that into a promising alt, it will probably outperform btc.

[Anonymous No.11473547]

>>11473082

Zoom out.

[Anonymous No.11473572]

>>11473497
>"promising" alt
every poster on this board is naive.

[Anonymous No.11473647]

>>11473572
I daresay everyone who more than tripled their btc stack last bull season played alts.

[Anonymous No.11473696]

>>11473427

Just because there is a shortage or lack of production of certain goods doesn't mean its price will increase. This only happens to goods that have a firm function in a society. Currently, bitcoin in itself does not have a function apart from being a very speculative store of value. Given its volatility currently, in the past and having hopes of future price increases by factors as those described by OP, bitcoin will come nowhere close to being used as a currency, therefore the notion of it being used as a mainstream currency is as well nonsensical. I'm not saying bitcoin will not increase in price in the future, on the contrary I think it will. What I am saying is that this kind of prediction for a speculative currency is pointless.

[Anonymous No.11473707]

>>11473696
its digital cold idiot

[Anonymous No.11473711]

>>11473696
this prediction is not speculative it's pure electricity cost with current mining difficulty it Bitcoin will be at least worth 1 million in 2045

[Anonymous No.11473721]

>>11473707
go fuck yourself you brainlet

[Anonymous No.11473729]

>>11473711
That's what I'm saying. Such prediction in and of itself is not sufficient to even predict future prices. There are thousands of factors that are going to affect bitcoin price, this is only one of many.

[Anonymous No.11473789]

any fucking retard can understand that with decreased rewards per block, price must increase for it to stay at the same profitability level. Literally a fucking first grader can understand this. To think retards of this kind of breed are going to be millionaires in 20 years time is beyond ridiculous

[Anonymous No.11473818]

>>11473789
sure fren Satoshi planned to save us

[Anonymous No.11473828]

>>11473789
thing is bitcoin is roughly made out of 3 entities: holders, traders, miners
1) holders will hold until price goes up significantly
2) traders will trade around short term volatility
3) miners will sell to cover their electricity costs/invest into new gear

if price is too low for miners to profit, they will turn more into holders and the sell pressure is drastically reduced

so basically if cost to mine 1 bitcoin is doubled, the price will follow shortly as the market will be mostly holders until then

[Anonymous No.11473848]

2045 is way to far away how much will it be worth in 2025?

[Anonymous No.11473854]

>>11473828
this is also why 5800, 6000 and now 6200 is the bottom, cuz sell pressure is greatly reduced

dont underestimate miners, they are getting like 12.5 btc every 10-15 minutes

[Anonymous No.11473865]

>>11473848
floor will be 24k, max spike will be about 100k

[Anonymous No.11473872]

>>11473848
kek you can do the math it's easy basic stuff if current block reward cost 81712$ for 3.125 BTC than 1 BTC = 26147$

[Anonymous No.11473876]

>>11473865
also screencap this and post it again in 2025, i hope we will all make it by then

also buy SNC for 10x by 2019

[Anonymous No.11473896]

>>11473848
>>11473872
I'm using the fact that electricity cost stay the same and mining difficulty stay the same and dollar value stay the same (which it won't) this is really moon shot for every sucker on this earth WTF

[Anonymous No.11473909]

>>11473696
It's called a manufactured demand.

Just like fashion cloths, or works of art.
Sure the materials used is menial for the cost. The name, the brand is what adds value.

Now, as satoshi said in the white paper, computers will get faster, more efficient and larger only making it cheaper for miners to acquire.

Bitcoin will rise in price solely from demand and that's just how the market works.
Do you think miners sell everything immediately?
They're storing it just the same way a mineral mining company would.
Use enough and sell at market price to operate, but that may only be 10% of what they acquired that year. And the year before they earned even more btc at a lower price that they can sell for double triple 5-10 times what it cost to produce years ago.
That is how a good mining operation works and the whole idea of "mining transactions" is actually based on how
Mineral mining operations work.

Anyways, if you want to make money just keep buying into btc. That's all you have to do. 50 bucks a week or 10% of your paycheque or whatever. As long as you keep buying your average cost decreases while your stack increases. Do this for 2 years at any point in history for bitcoin and your in the black.

[Anonymous No.11473929]

>>11473789
No it doesn't you mong.
The whole mining argument makes no fucking sense. There still had to be demand. If the cost of mining BTC surpasses the price of BTC people will just stop mining. Has power is reduced and so the difficulty drops, and so the cost to mine drops. People won't mine if they can't sell for a profit. Miners aren't all hodl fags that refuse to sell and will mine forever.
Mining will always be profitable, but that's due to the cost of mining fluctuating not because BTC will go to a hundred bazillion dollars

[Anonymous No.11473962]

>>11473909
> 50 bucks a week or 10% of your paycheque or whatever. As long as you keep buying your average cost decreases while your stack increases

is this a meme or do people actually do this stupid shit?

[Anonymous No.11474134]

>>11473962
Lol bro there's nothing stupid about it.

It's a slow way to dca and bank your money.

If you did this for 2 years you would have a nice chunk of change. Just take the time to calculate it.

[Anonymous No.11474183]

>>11472929
Mining adjusts to the price, not vice versa

[Anonymous No.11474205]

>>11474183
yes that's what my calculation is

[Anonymous No.11474293]

>>11474134
how is buying 50$ each month through last 2 years better than buying the whole thing 2 years ago when the price was much lower?

how is buying through whole bear market better than buying the whole thing right now where we've bottomed out?

fucking brainless normies

[Anonymous No.11474302]

https://docs.google.com/spreadsheets/d/1Uic759wn21aJo6COMtxg857gH1Uv0gGzimGxhN53XWc/htmlview#gid=0
Needs to be edited for current prices, but bull or bear you still make money.

[Anonymous No.11474342]

>>11474205
No, you are implying that price doubles when mining reward halves. When the reward halves, incentive to mine halves. Bitcoin's daily trading volume is around 500k BTC, the 1800 or so that are mined are a drop in the bucket. Sentiment drives the market, not mining supply, so you can't extrapolate forwards assuming overall mining expenditure remains the same, because you have nothing to justify that assumption.

[Anonymous No.11474351]

>>11474293
Dude, you have to be able to see that it's worth it at the time to drop in 15k.
If you bought one btc for 16k all in you'd be crying so hard.
If you started to dca at 16k you wouldn't have bought it for for 16k.
Atleast by this time you'd have more then just 1 btc.

There's a reason warren buffet dosent lose money. No matter what if the stocks are dropping they always have enough to tack on more lowering how much it cost them to buy each stock. In the end, decreasing total loss IF they can't get out in time.
The result of them buying more usually starts little rallies and allows them to Always exit in profit.

If you have enough money you can decrease loses. That's why you don't play stock markets with 100 dollars.

[Anonymous No.11474371]

>>11474302
you cant be this retarded

[Anonymous No.11474376]

>>11474342
I'm not doubling the price of rewards stay the same which is currently around 81712$ for 12.5 BTC in 2021 1 BTC need to be 13073$ for mining rewards stay equivalent to electricity cost

[Anonymous No.11474392]

>>11474371
Haha you keep living your dream in wonderland amigo.
It's Sunday right? Make sure you get to bed in time so your not late to work tomorrow ;)

[Anonymous No.11474415]

>>11474351
how about you use at least some of your brain

as an exercise recreate the same excel sheet except change the weekly 10$ into 10$ adjusted by %, if bitcoin goes down 10% then buy 10% more of it so 11$, if it goes up 20% then only buy 8$ of it, what is your revenue now?

[Anonymous No.11474429]

store of hope

top kek

[Anonymous No.11474468]

>>11474392
also try your strategy from june 2017 to now, how does it look like

is it still better than just buying the whole thing in june?

it only works in some specific situations and if you dont understand that you deserve to lose money

[Anonymous No.11474494]

Should I go all in on btc or split between btc and eth?

[Anonymous No.11474506]

>>11474494
all in BTC, LTC, XMR

[Anonymous No.11474509]

>>11474494
Split. ETH will outperform satoshis in short to mid term

[Anonymous No.11474514]

>>11474494
ETH switching to proof of stake once it's done it have no bottom support ETC will be safer if you like smart contract stuff

[Anonymous No.11474546]

>>11472929
it doesnt add to $81k 2009-2017. Block reward before first halvening was less than $5k. Block reward before second halvening was less than $25k.
So why would it stay constant from now on? Surely no one is retarded enough to believe you can predict the price this way?

[Anonymous No.11474565]

>>11474376
You're doing it again, assuming overall mining cost stays the same. It doesn't, it follows the price.
Here's a logarithmic chart of mining difficulty. Notice how it isn't at all constant, following price and moore's law.

[Anonymous No.11474604]

>>11474509
What does short to midterm mean? 2-4 years?

[Anonymous No.11474606]

>>11474546
because mining difficulty increased I'm not counting if mining difficulty increasing or not

[Anonymous No.11474623]

>>11474565
well at least you got a way of saying that my prediction can be the minimum price of BTC then I don't think mining difficulty will cut in half it's estimated to increase over years so

[Anonymous No.11474634]

>>11474604
no in Bitcoin algorithm every 4 year block rewards are divided in half we started with 50 BTC per block in 2009

[Anonymous No.11474684]

>>11473082

>comparing a cryptographically secure piece of software that was released anonymously* by a likely genius who managed to deploy a piece of software without any bugs on a specifically chosen date (after the bailouts) using technology partially developed by NSA and employing economic and mathematical theories that span decades of research by some of the most brilliant minds including research done by the KGB (DYOR, look up Kolmogorov) that solves all of the problems that began with the end of Bretton Woods in a world increasingly moving towards automation, AI, and hyperinflation, to a turkey.

Ask me how I know you're a brainlet.
*
>inb4 satoshi is CSW/Hal Finney/Szabo/CIA/John Nash/Ted Kazsyncski/Cicada3301; the software was still by definition released anonymously even if you're convinced you know who developed it.

[Anonymous No.11474741]

>>11474684
it was done by ((them)) to establishNWO

[Anonymous No.11474749]

>>11474623
You're not making sense. Say it again with punctuation and thoughts.

[Anonymous No.11474762]

>>11474741
yeah sure with an open source code so that every nerd can fork the code and make he's own coin what a perfect strategy to loose control over monetary system are you dumb ?

[Anonymous No.11474790]

>>11474749
can't try to explain it multiple time fuck it I'm going to sleep

[Anonymous No.11474798]

>>11473420
If mining isn't profitable, investment in new mining equipment stops. If it's really unprofitable, existing machines get turned off because they're not even worth the power bill. Either way, difficulty drops, price doesn't rise.

[Anonymous No.11474866]

>>11472929

Quantum computing is going to take bitcoin out around 2021

[Anonymous No.11475003]

>>11474866
It wont.

[Anonymous No.11475082]

>>11474762
>yeah sure with an open source code so that every nerd can fork the code and make he's own coin what a perfect strategy to loose control over monetary system are you dumb ?
>Because governments don't have the power to outlaw things they have no control over
People will beg for regulations after a few false flags

[Anonymous No.11475104]

>>11475082
outlaw a decentralised network yeah sure how's the drug war is going on ?

[Anonymous No.11475124]

>>11475104
>outlaw a decentralised network yeah sure how's the drug war is going on ?
>the CIA is the largest drug runner in the world
Really makes me think

[Anonymous No.11475134]

>>11475082
you wan't centralised exchange you can't stop decentralized exchange, you can also signe your transaction with your private key and send the output on any public platform (skype, telegram, twitter, facebook) and someone will upload your transaction to a node and your transaction will go through how can you stop a system like ? you can't, you can only do one thing destroy the internet

[Anonymous No.11475151]

>>11475134
you can stop centralized exchange, you can try to shutdown few decentralized exchange but you can't stop the mathematical system of bitcoin your transaction can be send by anyone

[Anonymous No.11475173]

>>11475151
once you signe the transaction you can give it to anyone on the internet to send it to a full node you can post the signed transaction on 4chan and someone will send it to a full node

[Anonymous No.11475183]

>>11475124
someone can create a bot linked on telegram to a full node where you put your signed transaction and it will automatically send your transaction

[Anonymous No.11475207]

>>11475124
watch Andreas antonopoulos he explain every process of how bitcoin can't be stopped even 51% attack can't do shit if government want to reverse a 1 year old transaction it will take 2 year to mine and reverse the thing

[Anonymous No.11475231]

>>11475183
>someone can create a bot linked on telegram to a full node where you put your signed transaction and it will automatically send your transaction
This isn't exactly convenient. Turning it into illegal black market will be shit and probably turn a lot of people off of it.

[Anonymous No.11475260]

>>11475124
You can think what ever you want but studie the thing before you open your mouth Bitcoin protocole is not a toy it was created to be safe, borderless, censorship resistance and decentralized government can do one thing eat shit and praying one day the internet go off

[Anonymous No.11475288]

>>11475260
You can trade with business of repute. You have to be off the grid for this. That's why crypto is mostly tied to the black market. Probably half of crypto is in the hands of mafia

[Anonymous No.11475301]

>>11475231
kek it was made to be censorship that's the goal go studie the algorithm and how it work first you really think that satoshi created bitcoin and said "yeah if Bitcoin protocole is used for illegal black market it will be bad for bitcoin" no he doesn't care Bitcoin is a protocole it's doesn't care where your transaction is selling drugs or donating money to charity

[Anonymous No.11475310]

>>11472929
jesus christ you are so deluded don't even know where to begin

[Anonymous No.11475318]

>>11475301
Shit, I didn't realise you actually can't type coherently. Where's your tard handler?

[Anonymous No.11475322]

>>11475301
I don't understand the aversion to government

[Anonymous No.11475326]

>>11475288
who cares really ? the fiat money is already in jew and mafia hands who send money to terroriste using US dollar ? Bitcoin protocol is not about legal transaction only Bitcoin protocol is about any transaction where you like it or not just like cash (digital cash)

[Anonymous No.11475347]

>>11475326
whether*

[Anonymous No.11475363]

>>11475326
>>11475301
>>11475260
It sounds like andreas talking kek

[Anonymous No.11475432]

>>11475318
sorry I'm starting to sleep I can't help if biztards don't understand how Bitcoin protocole function

[Anonymous No.11475451]

>>11473082
>not buying at the bottom and selling before the crash

[Anonymous No.11475477]

>Bitcoin core
>Adoption

[Anonymous No.11475535]

nope

[Anonymous No.11475961]

>>11474415
Bro, it's a way of cutting your losses.. if you can time the exact moment to buy btc and hold yes that would be more profitable and your did lose a little. If you bought during a downtrend you would have less of a loss. You get me? if you had 200k yeah dca you can profit very well off dips. If you got 2-3k like most of the moon bois here you can mitigate losses.

[Anonymous No.11476110]

>>11474684
it's amazing how uncanny the comparison is

[Anonymous No.11477071]

>>11473909
Been doing this will continue to follow this guideline. Hope I make it I’m already in the black but nowhere close to making. Been year and half.
>>11473962
Yes. Buy bitcoin every month. Once a year I’ll buy an oz of Au but bitcoin is superior it blows my mind.

[Anonymous No.11477110]

>>11474371
You’re debating lump sum investing with DCA. Yeah there’s different viewpoints. Bottom line you’re missing here is getting as much money into bitcoin as possible as frequently as possible.

[Anonymous No.11477127]

>>11474684
>convoluted bullshit to make your argument sound better

You have nothing. Nick is Satoshi, Bitcoin isn't that fucking deep you retard. Ideas for such systems have floated around since the 90s by various nerds.

[Anonymous No.11477128]

>>11474494
BTC XMR LINK ETH — the four pillars.

[Anonymous No.11477159]

>>11477127
If Nick is satoshi how does he keep his pride in check? And why hasn’t he moved the 1MM bitcoin? The one thing that caught my attention was when Naval told him “you’re not a serious programmer” and he immediately replied “well I’m definitely a serious programmer but just didn’t get around to implementing bitgold”

[Anonymous No.11477237]

>>11477159
Price in check? What the fuck are you talking about? All I said is that Satoshi is Nick. There is no 'if'. This has been settled for quite a while now.

[Anonymous No.11477251]

>>11477128
>LINK
>Ethereum bandage
>'pillar'

Fuck off pajeet.

[Anonymous No.11478345]

>>11477127

That's my entire point retard, bitcoin isn't some half baked gimmick, it's essentially the culmination of decades of iterative developments.

[Anonymous No.11478764]