[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 55 KB, 1080x1080, 1610429966982.jpg [View same] [iqdb] [saucenao] [google]
26137862 No.26137862 [Reply] [Original]

If someone was buying 500 BTC a day, how long would it take for BTC to run out or for them to only be able to buy less than 500 BTC or fractions of BTC each day? This is a hypothetical question. No entity is actually buying 500 a day nonstop. Thank you.

>> No.26138007

13 years is my calculation, not including lost BTC/satoshi wallets. That would be if an entity had the ability to buy BTC no matter what price it was, but obviously it will get so expensive that not even the richest entity could keep buying 500 BTC a day at some point.

>> No.26138036

>>26138007
You’re a retard

>> No.26138104

>>26138036
Oh sorry was I not supposed to say "13 years left" outside of the discords?

>> No.26138330

>>26137862
Chinese miners can dump endlessly desu. They own this.

Tezos or DHT are the best picks IMO.

>> No.26139175

>>26138330
Wrong

>> No.26139949

Last I checked Grayscale has been buying several times the amount of BTC mined weekly. Really subjective question because it depends on what price it will take to pry it from holders, which is different for everybody.

>> No.26140013

900 btc mined daily
Until next halving