Uh; that title is misleading, or maybe I was just seeking your attention. Like a clickbait? Well, if you call it that, I will take it. At least now that I have your attention, I’d like to introduce you to the proper title – Buy Bitcoin! Don’t tell the next reader; please.
Well, sellers will always sell and I hope you didn’t tap the ‘sell’ button on reading the title. There will always be a chance to buy back, I’m not even sure about this anymore.
No hypes, (I’m personally not so good with that) but the friction between Bitcoin’s supply and demand is getting more intense every day. It’s twenty-one million Bitcoins against billions of people. Only a few even know about Bitcoin currently. If you wonder when the rest will, it’s soon…very soon. You can compare Bitcoin to gold all you want, but there’s almost an infinite supply of gold, naturally. We just need to discover new mines. Relatively, there will only be twenty-one million Bitcoins, ever. A good percentage of this will probably never move again. He might still find that drive, no one knows!
When Microstrategy is done pouring all that money into the Bitcoin market, they will control a significant percentage of Bitcoin’s circulation. Elon probably holds more Bitcoin than you know, same as others in his hierarchy. I don’t have a full list of individuals and institutions buying Bitcoin in bulk; a little research will tell you even more. Not just institutions and individuals, nations are buying Bitcoin…and seizing it too. Everyone wants to hold Bitcoin; one way or the other…you should too.
There’s a whole lot of information in the fast-moving internet and sometimes we miss the most important ones. In case you missed it…
.png)
That’s probably not so important to you right now, but it will…sooner than later.
Miners will have to battle for only two million Bitcoins for the next 120 years. The first nineteen million took just twelve years to be mined, Bitcoin has reached a height of $68,000 during this time. Considering the growth path from total obscurity and the number of challenges it had to fight, this a very plausible feat.
Supply is shrinking, demand is growing. I’m not good with economics but I know this trend is favorable for value. Not financial advice but consider dipping your feet into Bitcoin. One full Bitcoin is actually a huge goal, but that’s a good target. Anyways, just BUY Bitcoin. NFA
Bitcoin is here to stay no matter the numbers of regulations and policies that seems to be coming up to fight it. I see it been here to stay and actually it is here to stay for years to come actually
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @joelagbo
Indeed the title sound like a clickbait and it worked. Attracted my attention :)
Lets be real. it is already less than 21 million as many of BTC wallets have been forever lost.
And at the same time we cannot take billions of people into consideration. I would never expect even 1 billion to ever show any interest and knowledge needed to buy bitcoin.
Now since we have institution buying BTC in masses then it is already to late for most regular folks out there. Regular joe will think (as many of my friends do) that 'this train already left the station'. And they will never get involved.
In long term - I would expect more institution and less of regular people to be owning their own BTC. Who knows, perhaps Im wrong
And thats another interesting topic. What will happen if price of BTC is not super high and rewards for mining would not be worth the effort? If cost of mining will be few times higher than value of received BTC?
Who will then continue mining?
cheers
Piotr
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'd expect the scarcity and the mining difficulty to reflect in the price. Miners account for some of the biggest sales, the less they sell, the better the price.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit