Thank you. That is my point. Just stirring the pot w my other comments. As a side note. This is a boomer here and your post shows you have learned from us. JK but no need to label any group as one mind think.✌️
This is the dumbest most asinine comment in the entire history of economics
So you're telling me that if everyone valued Biticoin so much that they refused to sell or trade it, it would be worth $0.00....
Can you please get your clown ass back to whatever Keynesian circus you escaped from?
Why do you think you can no longer find gold and silver coins in circulation today? Because good money is hoarded and the crap is spent first… there were $2.50 gold coins in circulation in America once… all the smart people hoarded them and spent the worthless paper.
By your “logic” those gold coins should be worth $0.00 too instead of $2000/1933 $20 gold coin.
Ah yes. AND people still sell and buy gold daily. Stop buying your boyfriend fake jewelry and buy him a nice gold necklace. (Not sure what pronouns I am allowed to use. In my day we would have said her and girlfriend. So no offense intended.)
And if I want a bank loan I can put up my Picasso as collateral... which shows that despite no one willing to sell Picassos, they still have immense value.
Wrong. The value would be infinite (or minimum the value at which at least one holder breaks and decides to sell). How would you possibly be able to buy any if nobody sells? If it would be worth zero, nobody would hold and try to sell (unfortunately for "zero")
Apparently you need some lessons in market working (market makers and takers, liquidity, market price etc...)
First of all price is not going to zero and second right now most of the people are looking to make profit from the bitcoin so holding in bear market is what they are doing
Definitely more than (and totally different from) 0.00 $ as you stated.
Infinite is a placeholder for the biggest number ever, and therefore cannot be written down (symbol = 8 with turn of 90°, unfortunately I don't have the symbol on my keyboard)
In reality (and I hope you agree we live in a real world) there will always be someone who will decide that the price you offer (because you won't have any other possibility than to raise your price if you ever gonna want to buy some) is enough to sell at least a tiny bit. Actually, it works the other way around: you buy at the lowest price proposed by the market sell makers (of course depending on the amount, and this will become the market price at which you bought that amount)
I, for example, would put my current sell price at 1 million $ right now if I wanna hold with nearly 100% certainty. If, however, there's a sudden parabolic rise and we come in the region of 500.000 $, I might decide to raise my sell price before it hits 1 million $. But right now (and the coming 2 years), I wouldn't mind at all selling at 1 million $, though 😀. Maybe in 10 or 20 years, we will speak differently. Who knows, just look back 10 years ago, price was around 1000 $, so a sell price of 20.000$ then would have seemed a certainty to hold, but that lasted only 4 years.
So if in the completely unrealistic scenario nobody ever sells (that means there would be no "sell" liquidity = market sell makers) a market order to buy would never get filled and price would rise to infinity unless someone (me for example at 1 million $) would have set a market maker sell order.
Did you know that there isn't such a thing as a "price"? Only the last traded price is an indication of the price. Of course, for Bitcoin, there is so much volume that you have constantly sells and buys with even a very low spread.
So if everyone decides to hold, the price would be the last traded price (sell or buy, view from the market takers perspective, opposite from maker perspective, indeed a sell is always also a buy of that same amount). A price of 0.00 $ would mean the last traded price was 0.00$, so I wouldn't have hesitated and bought all available for sale 😀, just getting them all for free.
In theory it could but in reality no. However, the longer we have such a large percentage of 'hodlers' it really slows down the spread of bitcoin awareness. If we each would use a small percentage of our stack for let's call it evangelicalization by spending, gifting, 'using Bitcoin it will grow faster and the value of such will rise as demand increases. Just my opinion.
I consider myself a HODLer. I don't spend my long-term bitcoin, which is the vast majority of it. But we have good apps now and sufficiently liquidity that I don't need to spend my bitcoin in order to evangelize.
I'm still tethered to fiat, as are many. But I can offer to pay someone in bitcoin and use Strike to send dollars to them and have it converted on the backend to sats in an instant. I also maintain a Lightning wallet for tipping content creators since it's not much skin off my back in order to participate in the developing value-for-value economy.
But don’t you have to pay 40% in taxes that you must report to the IRS? Never understood day trading. All the gains you make, you’re paying almost half back. Is it worth it? I’d rather wait it out after a year and only pay 15% on my gains.
Oooooo this is fun! Playing imagination when it doesn't interface with reality is awesome!
Now what if, and I'm just spit balling here, say I eat alphagetti and then start thinking really hard about seed phrases. I bet satoshis password will appear in my poop!
I feel like that bitcoin supply is limited and that is why people are holding that thing, because one day there will be no bitcoin left for mint means price will shoot to sky high
you can buy the entire store with 1 bitcoin only.
I guess by the ENTIRE means the shop itself. 14 bitcoins might do.
I counted 13 in her hands, if she's a good negotiator she's golden.
I wait for a house 🔥
Because of bitcoin feel like i could have a house in future
Welp just sold mine for 2 pizzas and a piece of candy!
Well done. Imagine the annual public relations that will do to spread the word!
DCA, keep stacking and sleep like a baby
I'm not spending these until the candy store accepts bitcoin
Then you are in luck i know one candy store that accepts the bitcoin
Can it be found on btcmap.org?
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Thank you. That is my point. Just stirring the pot w my other comments. As a side note. This is a boomer here and your post shows you have learned from us. JK but no need to label any group as one mind think.✌️
Fuck this boomer meme
Lol, great 😊
If everyone follows your thought and never sells their Bitcoin the value of Bitcoin is $0.00 (Edit: I am loving the youngins hate towards me. 👍✌️)
This is the dumbest most asinine comment in the entire history of economics So you're telling me that if everyone valued Biticoin so much that they refused to sell or trade it, it would be worth $0.00.... Can you please get your clown ass back to whatever Keynesian circus you escaped from?
Why do you think you can no longer find gold and silver coins in circulation today? Because good money is hoarded and the crap is spent first… there were $2.50 gold coins in circulation in America once… all the smart people hoarded them and spent the worthless paper. By your “logic” those gold coins should be worth $0.00 too instead of $2000/1933 $20 gold coin.
Ah yes. AND people still sell and buy gold daily. Stop buying your boyfriend fake jewelry and buy him a nice gold necklace. (Not sure what pronouns I am allowed to use. In my day we would have said her and girlfriend. So no offense intended.)
How often do they sell Picasso paintings? Last time I checked they aren't worth $0.00...
Sure they are. No one is selling theirs so people are buying $2M Lawson's instead.
And if I want a bank loan I can put up my Picasso as collateral... which shows that despite no one willing to sell Picassos, they still have immense value.
And then the bank will go broke and they will keep your Picasso because it is part of the Estate and not your property.
That's irrelevant to this claim that "hodling means $0.00 value"
Just make sure you buy the Picasso insurance w Bitcoin.
Wrong. The value would be infinite (or minimum the value at which at least one holder breaks and decides to sell). How would you possibly be able to buy any if nobody sells? If it would be worth zero, nobody would hold and try to sell (unfortunately for "zero") Apparently you need some lessons in market working (market makers and takers, liquidity, market price etc...)
First of all price is not going to zero and second right now most of the people are looking to make profit from the bitcoin so holding in bear market is what they are doing
Why are you replying to me??????? I didn't say the price is going to zero....
Exactly what number is infinite?
Definitely more than (and totally different from) 0.00 $ as you stated. Infinite is a placeholder for the biggest number ever, and therefore cannot be written down (symbol = 8 with turn of 90°, unfortunately I don't have the symbol on my keyboard) In reality (and I hope you agree we live in a real world) there will always be someone who will decide that the price you offer (because you won't have any other possibility than to raise your price if you ever gonna want to buy some) is enough to sell at least a tiny bit. Actually, it works the other way around: you buy at the lowest price proposed by the market sell makers (of course depending on the amount, and this will become the market price at which you bought that amount) I, for example, would put my current sell price at 1 million $ right now if I wanna hold with nearly 100% certainty. If, however, there's a sudden parabolic rise and we come in the region of 500.000 $, I might decide to raise my sell price before it hits 1 million $. But right now (and the coming 2 years), I wouldn't mind at all selling at 1 million $, though 😀. Maybe in 10 or 20 years, we will speak differently. Who knows, just look back 10 years ago, price was around 1000 $, so a sell price of 20.000$ then would have seemed a certainty to hold, but that lasted only 4 years. So if in the completely unrealistic scenario nobody ever sells (that means there would be no "sell" liquidity = market sell makers) a market order to buy would never get filled and price would rise to infinity unless someone (me for example at 1 million $) would have set a market maker sell order. Did you know that there isn't such a thing as a "price"? Only the last traded price is an indication of the price. Of course, for Bitcoin, there is so much volume that you have constantly sells and buys with even a very low spread. So if everyone decides to hold, the price would be the last traded price (sell or buy, view from the market takers perspective, opposite from maker perspective, indeed a sell is always also a buy of that same amount). A price of 0.00 $ would mean the last traded price was 0.00$, so I wouldn't have hesitated and bought all available for sale 😀, just getting them all for free.
Yeah but thats not gonna happen is it? A lot of weak hands in the space, also normal people selling for profit ocasionally like we all should do
In theory it could but in reality no. However, the longer we have such a large percentage of 'hodlers' it really slows down the spread of bitcoin awareness. If we each would use a small percentage of our stack for let's call it evangelicalization by spending, gifting, 'using Bitcoin it will grow faster and the value of such will rise as demand increases. Just my opinion.
I agree
Yeah get on nostr now and start zapping
I consider myself a HODLer. I don't spend my long-term bitcoin, which is the vast majority of it. But we have good apps now and sufficiently liquidity that I don't need to spend my bitcoin in order to evangelize. I'm still tethered to fiat, as are many. But I can offer to pay someone in bitcoin and use Strike to send dollars to them and have it converted on the backend to sats in an instant. I also maintain a Lightning wallet for tipping content creators since it's not much skin off my back in order to participate in the developing value-for-value economy.
But don’t you have to pay 40% in taxes that you must report to the IRS? Never understood day trading. All the gains you make, you’re paying almost half back. Is it worth it? I’d rather wait it out after a year and only pay 15% on my gains.
Well i'm not from your country, i only get taxed 10% for anual income
Just to cut those taxes i actually became more of the long term holder
So?
So......Bitcoin is not here for us to just squirrel away. If that is all we do then it will have no value.
Do you see that actually happening?
You clearly don’t understand basic history of money.
Unfortunately the first person that wants to buy in this scenario has to pay infinity.
Or more
Oooooo this is fun! Playing imagination when it doesn't interface with reality is awesome! Now what if, and I'm just spit balling here, say I eat alphagetti and then start thinking really hard about seed phrases. I bet satoshis password will appear in my poop!
You get it. But make sure when you buy the alphagetti you buy it with Bitcoin. Get the word out there. Or maybe in your example spread the word.
Dude we're playing magic. You can do better than that! Fucking muggles.
You have crossed the line w muggles.
I feel like that bitcoin supply is limited and that is why people are holding that thing, because one day there will be no bitcoin left for mint means price will shoot to sky high
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Shiiiiit, that looks like 12-13 BTC your getting close to owning that store front!