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/biz/ - Business & Finance

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7604249 No.7604249 [Reply] [Original]

1) A wheat wholesaler sells at $0.076. Wheat is one of the cheapest things being constantly traded worldwide.

2) Assume there is only one world cyptocurrency, which in this case is Bitcoin.

Bitcoin minimum unit should be small enough(mathematically) so that wholesalers can sell their stuff without problem, so:

1 Satoshi = $0.076

However, at 1 BTC = $8857, 1 Satoshi is worth: $0.0000888241

This means that BTC could 1000x from now.

Bitcoin alone is bounded above by 8 million each aprox, if it goes beyond that price it doesn't make sense from an economic standpoint.

Unfortunately there are so many shitcoins around that BTC is probably only worth 2x or 3x in practice lel

If we kill the shitcoins, 1 BTC could reach 10 million USD.

>> No.7604580
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7604580

>>7604249
>This means that BTC could 1000x from now.

so 8mln usd for btc? nigger who would buy that ? thats pure insanity

>> No.7604842

>>7604249
Are you 14? Non-white? High? All three?

>> No.7604880

>>7604249
>If we kill the shitcoins, 1 BTC could reach 10 million USD

yeah, but that is not going to happen. so....

>> No.7604894

>>7604580
I mean I agree, but I'm sure the same thing was said about current prices 7 years ago.

>> No.7604933

>>7604580
My nigga, I'm not saying it will reach 8 million, just that it is BOUNDED by that number. Like I stated after that, shitcoins lower the upper limit a lot, that's why I don't think BTC can't go beyond 25k or so.

>>7604842
Yes.