Longnose Posted December 5 Posted December 5 3 hours ago, rkbabang said: Just a reminder to not put your life's savings into a memecoin started by a memegirl famous for saying funny things about oral sex while drunk. Otherwise you'll end up saying things like "I am a huge fan of Hawk Tuah but you took my life savings." LOL, Kids college education sponsored by Hawk Tuah. This story would have been funny had it worked out too lol. On a funny note for myself i was auditing my old wallets the other night. Back in 2022 i was playing with DeX's and bought and staked/yield farmed a bunch of random alt coins mainly from an educational exercise. I eventually pulled the majority of that money out but if you've played with it you know that often you end up leaving small amounts of stuff in wallets for gas fees and such. So i had left like $3 dollars of this alt coin in a wallet. Now somewhere in the past 6 months that coin blew up and my like 3$ was like now several hundred dollars. Pulled it out and used it to buy a Christmas gift for my mother in law. LOL. Sometimes you never know with that altcoin shit.
rkbabang Posted December 6 Author Posted December 6 1 hour ago, Longnose said: LOL, Kids college education sponsored by Hawk Tuah. This story would have been funny had it worked out too lol. On a funny note for myself i was auditing my old wallets the other night. Back in 2022 i was playing with DeX's and bought and staked/yield farmed a bunch of random alt coins mainly from an educational exercise. I eventually pulled the majority of that money out but if you've played with it you know that often you end up leaving small amounts of stuff in wallets for gas fees and such. So i had left like $3 dollars of this alt coin in a wallet. Now somewhere in the past 6 months that coin blew up and my like 3$ was like now several hundred dollars. Pulled it out and used it to buy a Christmas gift for my mother in law. LOL. Sometimes you never know with that altcoin shit. I played with a bunch of different coins back in 2014-2015. I don't remember all of them and I'm sure I've lost some wallets with stuff in them forever. A few years ago I was going through some of my papers in my house and I found a print out of an ETH wallet address public and private. I scanned the public qr code to check on it and it has 122 ETH from 2015 in it. I had no recollection of having that wallet at all. I still wonder what else I forgot about or lost forever from that time-frame. That paper could have easily have been discarded by mistake.
jfan Posted December 6 Posted December 6 https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/video_galleries/video-lectures/ Gary Gensler's MIT blockchain course videos for those interested.
Dave86ch Posted December 10 Posted December 10 On 5/22/2024 at 11:54 AM, Dave86ch said: Provoking thought. What if, in a world where net producers are accumulating gold and selling USD debt, you invent an alternative to gold and convince the Western hemisphere through greed incentives to shift to it? This way, you prevent people from supporting the price of something you can no longer afford, creating a more compelling alternative. i was right.
Fly Posted December 10 Posted December 10 4 hours ago, Paarslaars said: Ah yes let the new cold war start! Game theory in action.
Libs Posted December 10 Posted December 10 Wild stuff. Sure feels toppy...... https://arstechnica.com/tech-policy/2024/12/teen-creates-memecoin-dumps-it-and-earns-50000/
rkbabang Posted December 10 Author Posted December 10 1 hour ago, Libs said: Wild stuff. Sure feels toppy...... https://arstechnica.com/tech-policy/2024/12/teen-creates-memecoin-dumps-it-and-earns-50000/ Maybe you should create "toppy coin" and make some money. You could market it as cashing in on the top of the memecoin market. This could work.
dealraker Posted December 14 Posted December 14 (edited) I just watched a video of Michael Saylor saying he will be buying Bitcoin at "one million and then probably at one billion." So 21,000,000 times 1,000,000,000 is $21,000,000,000,000,000. Yep 21 quadrillion I think...fifteen zeros. There is a lot of wealth coming to Bitcoin holders! What will happen with all of that wealth? Edited December 14 by dealraker
rkbabang Posted December 14 Author Posted December 14 2 hours ago, dealraker said: I just watched a video of Michael Saylor saying he will be buying Bitcoin at "one million and then probably at one billion." So 21,000,000 times 1,000,000,000 is $21,000,000,000,000,000. Yep 21 quadrillion I think...fifteen zeros. There is a lot of wealth coming to Bitcoin holders! What will happen with all of that wealth? It’s pretty well established that there is some number of Bitcoins which have been lost and probably shouldn’t be counted. Estimates for lost Bitcoin range from 2-6M. So at $1B market cap will only be 15-19 Quadrillion. I’m a lot more confident that I’ll live to see Bitcoin $10M-$50M than I am $1B. $1B is pretty optimistic.
TwoCitiesCapital Posted December 14 Posted December 14 3 hours ago, dealraker said: I just watched a video of Michael Saylor saying he will be buying Bitcoin at "one million and then probably at one billion." So 21,000,000 times 1,000,000,000 is $21,000,000,000,000,000. Yep 21 quadrillion I think...fifteen zeros. There is a lot of wealth coming to Bitcoin holders! What will happen with all of that wealth? About to spend some of it to buy a 2016 Boxster Spyder now that my 2003 Carrera is falling apart
james22 Posted December 14 Posted December 14 48 minutes ago, TwoCitiesCapital said: 2016 Boxster Spyder
mattee2264 Posted December 16 Posted December 16 Lot of wild predictions about Bitcoin future prices. Charles Schwab sees Bitcoin $500k-$1m. Chatter about Trump adopting Bitcoin as a reserve currency which seems to be driving the latest surge upwards. And if central banks, institutions, corporations and individuals are all loading up on bitcoin and there are only 22m coins in circulation then who knows how crazy things could get.
Longnose Posted December 16 Posted December 16 I have a personal bet with a good friend of mine. He says BTC 1M per coin by 2030. I say BTC 1M per coin by 2040. Regardless of when, I do think it will reach 1M per coin in the future.
Paarslaars Posted December 16 Posted December 16 There are substantially less coins than that in circulation. I believe 1M+ in Satoshi wallet, 1M+ unmined today, plenty of lost coins in wallets. And 87% of coins are currently not on an exchange so these won't move that quickly. Latest transactions are also indicating that whales are moving coins from exchanges to hard wallets. Supply is really squeezed.
Fly Posted December 16 Posted December 16 2 minutes ago, Longnose said: I have a personal bet with a good friend of mine. He says BTC 1M per coin by 2030. I say BTC 1M per coin by 2040. Regardless of when, I do think it will reach 1M per coin in the future. I think you'll hit it with the 2040 guess: https://charts.bitbo.io/long-term-power-law/ 2028-2037 depending on base or bull case
rkbabang Posted Monday at 06:03 PM Author Posted Monday at 06:03 PM According to this: https://www.coinglass.com/Balance there are about 2.25M Bitcoins on all of the exchanges. That of course could change in either direction. But yes, not all 21M Bitcoin exist yet. Only 19.8M have been mined so far and at least 2M have most likely been lost forever (maybe more, maybe a lot more).
rkbabang Posted Monday at 06:08 PM Author Posted Monday at 06:08 PM 6 minutes ago, Fly said: I think you'll hit it with the 2040 guess: https://charts.bitbo.io/long-term-power-law/ 2028-2037 depending on base or bull case I think your chart suggests that his friend will hit it in 2029 when it briefly goes near the purple line. It is likely to approach the purple line in late 2025 then again in late 2029.
TwoCitiesCapital Posted Monday at 09:10 PM Posted Monday at 09:10 PM (edited) 3 hours ago, mattee2264 said: And if central banks, institutions, corporations and individuals are all loading up on bitcoin and there are only 22m coins in circulation then who knows how crazy things could get. If we stop looking at how much a coin is worth - because 21 million was largely arbitrary - and look at the market cap the picture becomes clearer. $500k for a BTC seems like a lot. But in reality - that is only $9 trillion on a market cap. For an asset class that has the ability to be a global reserve currency AND store of value that doesn't seem like a lot? Gold' market cap alone is estimated to be $17 trillion. In 2020, there was over $18 trillion of NEGATIVE yielding debt. These are the items BTC is competing with and it doesn't seem crazy to me that BTC could get to $18 trillion to compete with them. Edited Monday at 09:11 PM by TwoCitiesCapital
Malmqky Posted Monday at 09:27 PM Posted Monday at 09:27 PM 14 minutes ago, TwoCitiesCapital said: If we stop looking at how much a coin is worth - because 21 million was largely arbitrary - and look at the market cap the picture becomes clearer. $500k for a BTC seems like a lot. But in reality - that is only $9 trillion on a market cap. For an asset class that has the ability to be a global reserve currency AND store of value that doesn't seem like a lot? Gold' market cap alone is estimated to be $17 trillion. In 2020, there was over $18 trillion of NEGATIVE yielding debt. These are the items BTC is competing with and it doesn't seem crazy to me that BTC could get to $18 trillion to compete with them. One thing I've always wondered is will the US/some other government create a virtual currency? Why use Bitcoin - something they can't control?
james22 Posted Monday at 10:11 PM Posted Monday at 10:11 PM 43 minutes ago, Malmqky said: One thing I've always wondered is will the US/some other government create a virtual currency? Why use Bitcoin - something they can't control? Which currency would you prefer?
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