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/biz/ - Business & Finance

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56757575 No.56757575 [Reply] [Original]

wait... you're telling me that investing $100 in BTC at this price, considering that there's 8 billion people on earth and 21M BTC will ever exist, ensures me that at least somebody won't be able to have as much BTC as I do?

>> No.56757598

>>56757575
Did you fail at mathematics?

>> No.56757622

>>56757598
21M divided by 8B is 0,002625 BTC per every person, 0,002625 times 37k is $97.
If I own 0,003 BTC, mathematically someone must have less than 0,002625. What am I missing, nigger?

>> No.56757674

>>56757622
Needing to ask 4chan was your miss

>> No.56757687

>>56757674
>>56757598
You retarded apes can't even point out where my math is wrong. My calculations are correct and you're just a bunch of uneducated niggers

>> No.56757704

>>56757687
Best spend that $100 on a math course ; )

>> No.56757718

>>56757622
Sorry, you need to accept that you are double digit IQ, anon
And no, some online 30min IQ test is not considered accurate.

>> No.56757721

>>56757622
Correct

>> No.56757769

>>56757718
>>56757704
>>56757674
>>56757598
I might need to breake it down with a much simpler problem so the retards in here can grasp the concept.

> 10 kids in a room> 10 kids in a room
> 100 apples to divide equally among them
> a greedy kid takes 11

> greedy kid: 11 apples
> kid 2: 10 apples
> kid 3: 10 apples
> kid 4: 10 apples
> kid 5: 10 apples
> kid 6: 10 apples
> kid 7: 10 apples
> kid 8: 10 apples
> kid 9: 10 apples
> kid 10: 9 apples
> (10 x 8) + 9 + 11 = 100

>> No.56757794

>>56757769
He's lost the plot now. Sad.

>> No.56757833

>>56757769
>4channers
>knowing math

lots of retards posting in your thread sorry op. yes you are correct

>> No.56757840
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56757840

OH SHIT HE IS GOING FULL RETARD

>> No.56757847

I dunno retard, but how about this math
If 1/2 of the world's population put in $1,000 into bitcoin (ignoring the other half of the world since they're poor street shitters) that would be
$4,000,000,000,000 x the 100x multiple that each dollar BoA estimates pushes up Bitcoin (it's like 113x I think) = $400,000,000,000,000
/ 21 million bitcoin (should actually be around 16 million due to lost bitcoin) = $19,047,619 per bitcoin.

>> No.56757875

>>56757575
You made me chuckle in my mind, great post

>> No.56757885

>>56757575
No, YOU'RE telling you that investing $100 in BTC at this price, considering that there's 8 billion people on earth and 21M BTC will ever exist, ensures you that at least somebody won't be able to have as much BTC as you do.

I'M telling you that OP is a faggot

>> No.56757889
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56757889

>21m BTC
>60m millionaires
Whole coin up before it's too late

>> No.56757902

>>56757847
> the market cap of an asset is determined by the money somebody has put in
LMAO holy fuck there are people that unironically take financial decisions after listening you mongoloids.
How about this:

> current price: 37,340
> current supply: 19,550,925
> current mcap: 723B
> suddently every single BTC holder decide not to sell for a price below 60k

> new ask price: 60,000
> supply: 19,550,925
> new mcap: 1.17T

>> No.56757903

>>56757847
You mean mcap you see (730b) is 113x inflated?

>> No.56757932

>>56757575
I'm too stupid for this, go over to the pseuds in /sci/

>> No.56757939

>>56757903
>>56757902
>>56757889
>>56757885
>>56757875
>>56757847
>>56757840
>>56757833
>>56757794
>>56757769
>>56757721
>>56757704
>>56757687
>>56757674
>>56757622
>>56757598
>>56757575
OP is unironically correct. And to add on if you own .28 bitcoin you would be in the top 1 percent on earth

>> No.56758080

>>56757575
Unless they come up with a way to incentivize mining that 21M BTC cap will be broken.

>> No.56758116

>>56757769
okay now calculate it with 1 million kids in a room for 100 apples.

>> No.56758166

>>56758116
Easy we break down apples into bits and call it fruitoshis

>> No.56758495
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56758495

just buy link or iq protocl or some shit anon you clearly don't really know how any of this works.

>> No.56758640

>>56757902
You've figured out the markets anon, give yourself a pat on the back. Now learn about liquidity and game theory.
"Ha, I bought a dog turd encrusted with peanuts and pretzels, I will now refuse to sell it for any less than $100 trillion. There is 1 supply because I own the only one. It is now worth $100 trillion, I am rich and smart".

>>56757903
The 113 multiple comes from bank of America and their research, there's not a chance in hell that $730 billion of capital has been put into Bitcoin (not the same thing as how much volume has transacted). So it definitely trades at a multiple. Their research I'm guessing goes off of things like market depth and rate of adoption and average length that a buyer hodls for, I'm not sure cause I don't give a shit about boa.