pull down to refresh

10 sats \ 8 replies \ @Satosora 2 Jun \ on: The true market cap of Bitcoin bitcoin
I think all of the lost coins add more value to the coins that arent lost. More and more coins will be lost in the future. That is part of life.
write
preview
10 sats \ 7 replies \ @riberet19 2 Jun
The bad thing is that the market interprets that there are 21 million possible coins, or rather 19 and a half million for now, and counts it like this, if the market subtracted the 4 million or so total coins lost, the price would be higher, because it would evaluate Bitcoin as an even scarcer commodity.
reply
10 sats \ 6 replies \ @Satosora 2 Jun
I think the people that are aware of this know the value of their bitcoin. Hence why there are whales, and hence why people hodl for so long.
reply
10 sats \ 5 replies \ @riberet19 2 Jun
Yes, there is a lot of competition within the Bitcoin world to get just 1 Bitcoin, it is an increasingly scarce asset, so valuing Bitcoin is our duty :)
reply
10 sats \ 4 replies \ @Satosora 2 Jun
one is too low of a goal. You should be going after 100!
reply
10 sats \ 3 replies \ @riberet19 2 Jun
100? hahaha, I'll settle for 10
reply
10 sats \ 2 replies \ @Satosora 2 Jun
Im sure if you stay long enough you can make a bitcoin on here. Have to be diligent, though.
reply
10 sats \ 1 reply \ @riberet19 2 Jun
Maybe, but I don't think anyone has won a Bitcoin yet on SN.
reply
0 sats \ 0 replies \ @Satosora 2 Jun
its not about winning, but earning. ;)
reply on another page