Asking for a friend, he said he has some bitcoins and that generally speaking ownership of 1.0 and more is super rare...BS or is this true?
Is owning 1.0 BTC now something special?
Nolan Morales
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Noah Jenkins
there will only ever be 21 million bitcoins, with probably 5 million lost over time and 1 million in satoshis wallet, and massive whales with hoards of bitcoin so only about I'd say 12 million people will ever hold 1 bitcoin.
Joseph Perez
Depends on how you define “rare.” Less than 0.25% of earth humans can claim access/ownership of a bitcoin wallet with a balance >1.
David Bennett
consider 7 bil people. probably not even 1% of them know about crypto let alone the term Bitcoin. Now consider: the median annual household income worldwide is $9,733
How much would one of these people in that subset along with the exposure to Bitcoin buy roughly $4000 of imaginary Internet monies?
SUPER RARE
Aiden Walker
In 2016, I remember we were all bragging about holding 21 BTC or trying to get to that number. I don't hold that much anymore and I imagine a lot of older holders also made good money and hold smaller amounts. This means it's getting better and better distributed and it's going to be rarer and more and more expensive to get a whole BTC.
Just get 1 BTC. 32 ETH. And an unkown stash of Monero. That is the holy trinity of crypto. Then you can speculate on shitcoins or add more to your stash.
Nicholas Martin
if you are a normie you are probably content with 0.1 BTC "just in case". but the people who get 1 BTC, tend to find themselves wanting 10, or 21, as they assimilate into the collective.
wagies earn like 1 BTC a month before shlomo takes his cut. for now, anyone who wants 1 BTC can have one. these are special times and they will not last. act accordingly
Angel Martin
>Just get 1 BTC. 32 ETH. And an unkown stash of Monero. That is the holy trinity of crypto.
this
Cooper Brooks
I don't think that much of the regular posters on Jow Forums own at least 1 BTC personally stored.
Some of them might have a couple of BTC in illiquid shitcoins stored on exchanges, so maybe they don't even own 0.5-0.6 "clean" BTC.
Yeah, owning 1 full BTC right now doesn't seems like a special thing but it actually is, especially if you're late to the party.
Over time the total BTC distribution will spread, so for the average Joe it will be always harder and harder to own 1 full BTC.
Mason Long
Why Monero? I don't have any...
Matthew Parker
1 is incredible.
21 puts you in god mode within five years.
Jonathan Thomas
oh it's "special" alright...
Aiden Powell
If crypto takes off governments and tax authorities will want an account of how much you hold reported. It's already happening. Canadian tax authorities already want you to list all your crypto addresses, how much you hold, where you bought them, who gave them to you, if you mined them, etc.
You really want Monero as your New World Swiss Bank account. Outside the realm of knowledge and control of governments. Get sued getting a divorce, on NEET welfare benefits, etc, they won't know how much assets you have.
Zachary Ramirez
>If crypto takes off governments and tax authorities
YOU KIKES AIN'T GETTING A SINGLE SAT FROM ME YAH HERE NEVER i'LL DIE BEFORE I GIVE YOU KIKES THE PLEASURE OF ROBBING ME AGAIN.
Owen Evans
BUMP
Cameron Morris
Considering 70% of Americans can't afford a $500 emergency right now. 1 BTC is pretty rare.
Joseph Wilson
>21 puts you in god mode within five years.
I hope so
Cooper Hernandez
Consider that the next bull run will put Bitcoin at $100,000+. Even after the bubble pops, it will hover around $10k-$30k. That will put a whole Bitcoin out-of-reach for the vast majority of the world. Even the middle class with substantial networth have most of it tied up in real estate.
For the average person, this is the LAST CHANCE to accumulate one whole Bitcoin. You should be accumulating right now. You will want to kill yourself if you miss this.
Thomas Rivera
Will BTC ever hit $20k again or has t already peaked? It seems to me like it has peaked because interest is completely gone and no one cares about it anymore. It’s even regarded as a complete laughingstock joke and a popped bubble.
Adrian Bennett
>being this new
Watch some Andreas Antonopoulos vids and read more about Bitcoin's value proposition.
Levi Perry
>Will BTC ever hit $20k again or has t already peaked?
I can't believe that this is even a question for some people. It's only a question of "when," not "if"
Hudson Torres
I have more than that on Binance and I'm nothing.
Daniel Myers
As someone who bought BTC starting at $250, it was fucking unreal to me when BTC hit $1,600 then $2,500. I have the Wall Street Journal from when BTC hit $2,900. I thought is this real life nigga? I thought it was delusional when fucking Tim draper, CNBC Charlie Lee, etc shilling when they said Bitcoin would hit $10,000.
I sold so much at $2,500 and $4,400 when I thought the bubble was about to pop. In the same way $10,000 was unreal, $100,000 seems like pure delusion. But who fucking knows. It's better to hedge and lose a few thousand. I think it was more delusional that lucky faggots in 2011 thought that $1 BTC would one day reach $1,000.
Isaac Lewis
>It seems to me like it has peaked because interest is completely gone and no one cares about it anymore. It’s even regarded as a complete laughingstock joke and a popped bubble.
that's some 2015 talk you're spouting there
Easton Wood
Carson Perry
>consider 7 bil people. probably not even 1% of them know about crypto
Tyler Cruz
I have 21 BTC, AMA
Aaron Thompson
There aren't many individuals left on the planet that have a BTC. It has become scarce. Mainly because people realized BTC is worthless, price dumped to 0 and wallet passwords of bagholders passed out of memory.
Colton James
can i have some?
Jace Watson
lol 1 Bitcoin, it's all about owning 21 Bitcoins.
Alexander Adams
I’m trying to get
21 BTC
32 ETH
An unknown amount ;)
Please help me FUD im running out of time
Noah Phillips
>not including 10k link
never going to make it
Lincoln Clark
This..
Just because something might be or become rare, doesn't mean it will be worth anything.
I have a piece of dirt shaped like no other in the entire world.. buy it from me?
Mason Sanders
I don't usually stop and stare at the pictures that are on Jow Forums. But this one... this one is a looker.
Jose Reyes
Why 32 ETH? I have 21. Why do I need 11 more?
Lucas Allen
GET
Austin Butler
Staking.
It's a meme, don't worry about it. Accumulate some 0xBitcoin. Vitalik & Co. could inflate the Ether supply any time they felt like it.
Ethan Sullivan
looking forward to part 3 of this epic saga
William Ross
they are scarce alright. 6 billion ounces of gold mined and 100 million ounces mined each year vs 19 million bitcoins and 657 thousand mined each year.
Caleb Russell
>Just get [...] 32 ETH
Only if it dumps further.
Adam Rogers
It's legitimately a good sign that everyone laughs at Bitcoin/crypto and considers it a dead Ponzi scheme. If the average Joe still regarded it with any seriousness it would have far less potential for a future moonshot of FOMO.
When (or if) ETH transitions from proof of work to proof of stake, the majority of emissions will be earned by stakers instead of POW miners. 32 is the rumored minimum, but with shared MN services springing up I doubt this will be an issue.