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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13924781 No.13924781 [Reply] [Original]

If you own .28 btc, you are in the top 1% of all btc holders in the world. Tell me biz, once people realize how truly scarce this asset is, will you be in the 1%?

>> No.13924828

I don't have .28 btc

>> No.13924853

Penis and also: vagoona

>> No.13924876

>>13924781
This is what I needed to cum, thanks anon

>> No.13924900

>>13924781
i own 7000 rupee worth of real btc, satoshi vision.

>> No.13924901

>>13924781
Hurrah I made it
Ps thanks for the gold

>> No.13924905

>>13924781
I had 3 btc in November, down to 1.3 btc

>> No.13924915

>>13924781

what seperates btc from every other shitcoin out there besides first mover advantage ?

pro tip: nothing

>> No.13924928

>>13924781

How do you come to this conclusion? I feel as though there are a ton of people out there with 2+ bitcoin

>> No.13924932

>>13924915
>hes so late to the party he has advanced versions of COPE

>> No.13924940

>>13924915
Clout unironically

>> No.13924946

>>13924781
Surely you mistyped it and meant BSV (the real Bitcoin, supported by Craig Wright aka the one and only Satoshi Nakamoto) right?

>> No.13924954

I have 0.10 BTC. Am I going to make it?

>> No.13924955

>>13924928
https://www.youtube.com/watch?v=oqOIiuFqxwY

its a little bit of fomo stirring, but the analytics are correct

>> No.13924968

>>13924915
Competent developers who understand shoving all functionality into a singular monolithic later is a bad idea

>> No.13925052

>>13924968
Kek, you should look up the internet protocols...http, smtp... they're literally patchworks of shit, and they were not designed with security in mind. Security has been slapped into the http protocol well after its creation, and even modern practices suck... like SSL

>> No.13925081

.32 BTC here. Feels good to be a richfag

>> No.13925105

Unironically 21 bitcoin here. It doesn't get much comfier, lads.

>> No.13925114

>>13925105
hope to get to 10 one day

>> No.13925306

I've got one whole Bitcoin sitting on Coinbase. Can one of you peasants do the math and tell me what percentage I'm in?

>> No.13925323

>>13925052
I don’t disagree. Having those protocols be distinct components has definitely made the internet as a whole much more resilient and innovative. Need encrypted filesharing? Swap out your ftp server with an sftp server and you’ll be set. You don’t need to rewrite the entire internet’s functionality.
Modularity is bitcoins benefit.
Need small, cheap, decentralized transactions, use lightning.
Need large, expensive, decentralized transactions, use bitcoin.
Need large, cheap, centralized transactions, use liquid.
Need Turing complete smart contracts, use rootstock.
Don’t shove unneeded functionality into an already inefficient system. Make it optional.

>> No.13925341

>>13925306
0th percentile until you take it off the exchange

>> No.13925343

i'm so fucked

>> No.13925349

>>13925323
Ok, I was confused by your first post, but you have described the benefits better than I ever could. Stay classy, senpai

>> No.13925359
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13925359

>tfw degen gambler
I want to die
now im all in TFUEL hoping i'll make it one day

>> No.13925380

>>13925359
Gamblers anonymous is unironically a good place... you could find something that fills your black void

>> No.13925385
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13925385

>>13925359
woops updated

>> No.13925417

>>13925385
$5 usd... you gonna make it kek if btc goes to $10 billion

>> No.13925522

I own 1.4

My goal is to long 1x on bitmex and 10x over a long ass period of time

>> No.13925541

>>13924781
That...that can't be right? That's only like 2500 euro worth of Bitcoin?

>> No.13925551

>>13925541
if everyone on the planet wanted to buy btc rn, there would only be .003 per person

>> No.13925570

>>13924781
i own 51, am i going to make it?

>> No.13925577

>>13925570
yes

>> No.13925592

>>13925551
Ok I wish I wasn't shit at maths but I am.
Everyone on the planet is 7 billion people approx.
If bitcoins total is 100% then 0.003 X 7 bill would equal 100. And it doesn't. Not even close.
Pardon my shitbrain but I'm not following this at all.

>> No.13925624

>>13925592
yea its a theoretical, many btc are lost on computers, misplaced, stolen, some people have been accumulating for years like winklevoss(prob have like 1 million desu), but if you took 21 million btc and distributed it to everyone, it would be .003

>> No.13925634

>>13925592
100% bitcoin = 21 million
21 million divided by 7 billion = 0.003

>> No.13925648
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13925648

>>13925592
I'm sorry you are not good at math.

>> No.13925687

>>13924954
No. You need at least $25k in crypto to make it and that should include at least 1 BTC.

>> No.13925699

>>13925624
Oh pardon me yeah I see now.
Ok so therefore if 21 mill is 100%, 1% is 210,000. Which like, fair fucks if you have 210,000 to sink into Bitcoin - seems to me you're already doing alright.

My mistake was in thinking that OP meant that owning 0.28 of A Bitcoin at its current price would put you in the 1%.

He in fact means that if you own 0.28 of ALL Bitcoins you are in the 1%.

Big ol' difference.

>> No.13925717

>>13925699
yes, its scarcity cannot be overstated, overtime people will lose them too

>> No.13925797

>>13925699
He is saying if everyone in the world had an equal amount of bitcoin, everyone would have .003.

And also, you most likely could not purchase 210,000 btc. Since it is a scarce asset, you would have to find someone who would be willing to sell 210,000 worth. Trying to buy it all, would most likely skyrocket the price, making every little chunk you purchase more expensive.

>> No.13925848

>>13925699
You are retarded. If you own 0.28 of EVERY bitcoin, youre not IN the 1% richlist of bitcoin, you OWN 1% of thr ENTIRE SUPPLY and therefore ARE THE ENTIRE 1% richlist (not exactly cuz satoshi will still be richer amounting 1Mil bitcoin)

>> No.13925879

>>13925848
And btw you wouldnt have to 210 grand into bitcoin, you would have to BUY 210.000 BITCOIN (approx 1.7Bil. @ 8200$/BTC

>> No.13925898

>>13925797
Also this

>> No.13925970
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13925970

>>13925359
>All in TFUEL
I feel you brother.

>> No.13925984

>>13925848
But is Satoshi even alive after all that creepy Hal Finney trade shit that happened a year or so ago? Not counting for all the other factors, wouldn't that make the total max supply 20 MM then?

Or really 16 MM as of April 2018

>> No.13926031

>>13925984
the reality is, nobody knows. We only know the upper-bound is 21,000,000. In reality it could be any number less than that. People have lost coins. There's just no easy way to verify if they're lost. (other than sending them to bitcoin eater addresses like: 1BitcoinEaterAddressDontSendf59kuE)

>> No.13926078

>>13924781
no, because they have realized its a scam instead

>> No.13926228

>>13925848
What? No.
If you own 1% of the entire supply you are not "the entire 1%". Well, theoretically you could be, but only if nobody else owns more than 1% - which in reality isn't the scenario.

>> No.13926269

I own 2 actual bitcoins.... and 5 bitcoin worth of alts... 3 of which is split between ETH and XRP

>> No.13926279

>>13925848
>>13925879
Ok but why the fuck are you (well OP) even mentioning that you'd be in the top 1% if you owned 1.7 billion dollars worth of Bitcoin.
If you owned 1.7 billion dollars you'd already be stupidly rich. Of course youd be in the top 1%. Sure you'd be in like the top 0.000001% on the fucking planet (in dollars) so like...it's an irrelevant statement. It's irrelevant to almost everyone on 4chan any way, unless your average lurker is a billionaire.

>> No.13926292

>>13926279
YOU ARE IN THE TOP 1% OF ALL BITCOIN HOLDERS IF YOU HAVE AT LEAST .28 BTC

>> No.13926304

>>13926279
Ok admittedly he said 0.28 but that's still roughly a third of almost 2 billion dollars - an insanely high figure.

>> No.13926328

>>13926292
Man, I am only getting increasingly confused here hahahaha. I could barely find all the traffic lights in that captcha. Not my day today.

>> No.13926391

>>13926292
I guess what I'm trying to say is - yes fine if you owned 0.28 Bitcoin you'd be in the top 1%.
But why is that in any way encouraging? Who the fuck has the money to buy 0.27 Bitcoin? If you did you aren't lurking on 4chan.

>> No.13926411

>>13926391
the point is that once people realize you dont need to hold a whole BTC to have some skin in the game, it will be a rat race

>> No.13926414

>>13926292
That's not that impressive desu. Isnt the average burger still in the top 1% when it comes to the scope of the world

>> No.13926423

>>13926414
so do the math, leverage the fact that you are an average burger and you can throw a small fraction of a BTC into the game and possibly 5x, 10x, 20x

>> No.13926453

>>13926391
Lol, 0.27 btc are like 2k (and way less within a month). There are plenty of people who can afford this

>> No.13926459

>>13926411
Ok but I thought we just established you DO need a whole Bitcoin. In fact you need 0.28 of ALL Bitcoins.
This is the mix-up. If you only needed 0.28 of ONE Bitcoin that would only cost you a couple of thousand dollars and would be encouraging.
But nah, you need 0.28 of 21 million coins issued. Thats a lot of dollars.

>> No.13926462

>>13926453
so why dont they? what happens when they see it 20k on MSM?

>> No.13926481

>>13926459
lmao you literally only need A QUARTER OF A SINGLE BITCOIN(BTC)

>> No.13926499

>>13926481
No I think you have it wrong because that's what I initially took it to mean. That doesn't make sense.
There are 21 million coins. If you own 0.28 of ONE coin you are not even remotely close to being in the 1%. You own a fraction of a millionth.

>> No.13926519

>>13926462
because we're brainwashed by the media it's evil and should be avoided. We're the richest country because we sold out to banks. Of course those who benefit from it are going to listen to the banks over trusting a new currency. Most in the US don't understand the evils of inflation. Why would we care? We have a sound currency.

>> No.13926546

>>13926499
because the coins are not equally distributed. If everyone wanted to jump in now, most likely the amount you could buy would be so insignificant. I'm sure op just came up with .28 randomly. In reality any amount of bitcoin today will most likely be significant tommorow

>> No.13926554

Look either way I appreciate everybody trying to help the disabled (me).
There's such a lovely community feel on here you just don't get on Reddit you know? And the interface it's so...rustic?

I can't wait to tell the guys x

>> No.13926562

>>13926546
watch that video i posted

>> No.13926573

>>13925592
You did the math wrong you dunce.

0.003 btc x 7,000,000,000B people = 21,000,000 btc total

>> No.13926582

>>13924781
we will make it reddit

>> No.13926646

>>13926499
The 21 million haven't been programmed yet, but I see what you mean.

>> No.13926684

>>13925848
Wait, I have been the retarded question/math man this thread and I have now come to the conclusion that what this guy said was right all along and I am sorry haha

>> No.13926725

>>13926562
watching. i don't think he explains why .28? Seems kind of arbitrary. But idc.

>>13926684
It's cool. This isn't /sci/.