10 sats \ 7 replies \ @riberet19 2 Jun \ parent \ on: The true market cap of Bitcoin bitcoin
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.
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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.
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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 :)
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10 sats \ 4 replies \ @Satosora 2 Jun
one is too low of a goal. You should be going after 100!
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10 sats \ 3 replies \ @riberet19 2 Jun
100? hahaha, I'll settle for 10
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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.
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10 sats \ 1 reply \ @riberet19 2 Jun
Maybe, but I don't think anyone has won a Bitcoin yet on SN.
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0 sats \ 0 replies \ @Satosora 2 Jun
its not about winning, but earning. ;)
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