I was buying bitcoin in 2013 when you had to walk in to a bank, deposit cash in to a random bank account, then email the dude and he would send bitcoins to your wallet.

I spent $2000 on GPU's and mined ethereum, vertcoin, what ever was profitable at any given time. I also used Nicehash which like most things in crypto was a pretty much a scam. I bought 1 asic miner from china to mine litecoin. Which also turned out to be a scam and 2nd hand miner was sent to me. as soon as they sell their miners they have a better one that they use.

I ran a dash masternode with my brother, on linux servers that we rented.

I've bought in to many ICOs and dumped on noobs after the first big pump

I've dipped my feet it everything crypto and I was delusional much like the posters in this thread.

After you realize its a ponzi scheme, you can really make money without being emotionally and physically invested.

I sold all my holdings the other day. I lodge everything for taxes and mow I wait until it all dies down again, and people lose interest.

But don't worry I'm just making all this up

lol @ projecting a 20x gain in 5 years LMAO.

First post was "200K - 1 million"
A couple posts later it was "200K - 500K"
Now it's "100K minimum"

Which one is it?

honest question:

21 million bitcoin cap is toted as a reason it is valuable, one bitcoin can be broken down into 100 million Satoshis.

How can bitcoin claim scarcity when there are so many satoshis in circulation.

It would be as if you claimed the US dollar is rare because there are only so many 100 dollar bills in circulation, but in reality the 100 dollar bill is simply the largest unit of measurement.

Because there’s enough to replicate an entire global economy and it’s not evenly disrupted and 2-5m coins lost for ever and even if 21m evenly distributed every person can only have 350k satoshis. Eventually it will be physically impossible to own an entire coin.remember there’s like 50m millionaires and 21m coins. Not everyone can even own one.

It’s like 100 pennies equal a dollar. You want the dollar not the pennies

why does someone just copy the code and make the same coin but with only 10m coins so its even rarer!

OP is right. I’m doing this same thing. I remember watching from the sidelines during the 2017 bull thinking I missed out. Ended up buying every dip from 2018-2020. I will buy again after we correct from this bull run. 2024 halving will likely take btc past 500k

honest question:

21 million bitcoin cap is toted as a reason it is valuable, one bitcoin can be broken down into 100 million Satoshis.

How can bitcoin claim scarcity when there are so many satoshis in circulation.

It would be as if you claimed the US dollar is rare because there are only so many 100 dollar bills in circulation, but in reality the 100 dollar bill is simply the largest unit of measurement.

OP have you looked into Kava.io? They're paying 60%+ APY for BTC lol

honest question:

21 million bitcoin cap is toted as a reason it is valuable, one bitcoin can be broken down into 100 million Satoshis.

How can bitcoin claim scarcity when there are so many satoshis in circulation.

It would be as if you claimed the US dollar is rare because there are only so many 100 dollar bills in circulation, but in reality the 100 dollar bill is simply the largest unit of measurement.