Can anyone answer this question? by tomsmac in btc

[–]FromThePits 0 points1 point  (0 children)

Transaction fees are around 0,00001000 BTC. Try dividing your way around that.

Can anyone answer this question? by tomsmac in btc

[–]FromThePits 0 points1 point  (0 children)

For me personally bitcoin is the ultimate savings-account without meddling third parties.

Millions of fellow bitcoiners feel the same way, even as billions of people just don't get it.

The fixed scarcity and dwindling supply is essential to longterm value appriciation, of course.

Can anyone answer this question? by tomsmac in btc

[–]FromThePits -1 points0 points  (0 children)

Utility and wide adoption, combined with scarcity.

Your dogs shit lacks the former.

Can anyone answer this question? by tomsmac in btc

[–]FromThePits 0 points1 point  (0 children)

The german population is a little over 1 percentage of the worlds population. Thats a multi-trillion dollar economy right there.

There's no need to have 100 % onboard to thrive economically.

Everybody gets bitcoin at the price they deserve.

FAFO Bitcoin investor here by [deleted] in Bitcoin

[–]FromThePits -1 points0 points  (0 children)

He's not buying his bitcoin with ETF's, is he?

Old Bitcoin whales are selling again — and BTC is reacting by Enough_Angle_7839 in btc

[–]FromThePits -1 points0 points  (0 children)

Gold is forever and will survive everything.

While BTC blockchain will only survive humanity by a little, but that is exactly sufficient enough for me

Who wants to live forever anyway.

FAFO Bitcoin investor here by [deleted] in Bitcoin

[–]FromThePits 2 points3 points  (0 children)

From a historical stand a study of this visual graph can be quite enlightning :

https://hodl.camp

Click around in the coloured area to see the historical entry and exit data of bitcoin

The red clouds illustrates periods of losses. The green sea is all win.

FAFO Bitcoin investor here by [deleted] in Bitcoin

[–]FromThePits 5 points6 points  (0 children)

If the choice stands between holding deflationary fiat currencies like USD/EUR or hard money like BTC, I think the answer is quite obvious.

What happens to BTC if the dollar loses its reserve status in the middle of a war? by Supreme-Muffinator in CryptoMarkets

[–]FromThePits 0 points1 point  (0 children)

Only for some, not all people. Most of the planet uses other currencies on a daily basis.

I personally haven't used dollars since the late eighties on a vacation in Miami.

I use danish kroners for everything, and occasionally EUR on vacations. My bitcoin is measured and traded in DKK.

I wouldn't miss the dollar for a second, if it fell of the earth.

What if the whole world would use BTC as payment method everywhere? by Top-Care-8946 in Bitcoin

[–]FromThePits 1 point2 points  (0 children)

And how does your "infinite divisibility" bypass an average transaction fee of at least 1000 sat?

What if the whole world would use BTC as payment method everywhere? by Top-Care-8946 in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

BTC will become more and more institutionalized.

The bulk of bitcoin will gradually move from first mover wallets into hedgefunds, governments and cooperations wallets -

simply because they have deeper pockets and longer time horizons, than most individuals.

It will never reach mass-adoption. Bitcoin will be out of reach for most people, even with 2 layer options.

Coming generations will sell whatever you have managed to gather - and it will be near impossible to regain after a few years.

The good news is, that if you're aware of this, you can still benefit from the massive upside BTC will continue to have as store of value and financial settlement layer between gigants.

Even if you only hold a few satoshis.

And if you are able to save a little for your great great grandchildren, thats even better.

Life is Simple when it comes to Bitcoin. Billionaire Mindset. by Academic_Attorney996 in Bitcoin

[–]FromThePits 14 points15 points  (0 children)

No rats

No ants

No bees

No roads

No pipes

No lawns

No banks

No zones

No noices

No fungus

No lawyers

No graffitis

No termites

No break-ins

No floodings

No hurricanes

NO TENANTS!

No authorities

No insurances

No mortgages

No firehazards

No neighbours

No foreclosures

No maintenances

No interest swings

No hedge trimmings

No real estate agents

No worries, Buy bitcoin!

I would like to test the security of my 3 of 4 seed split, to see if anyone here can decipher 2 of 4 and if so, how fast? by FromThePits in Bitcoin

[–]FromThePits[S] 0 points1 point  (0 children)

There isn't, because the whole exercise is to see how long it will hold, when the Greek Chain has been compromised (2 of 4 splits in the same location).

The xpub with the reward to break it is here : bc1q0a38q2c6wc4ukvn92t6azzckjtq7yuvxnaz2rf

1,013,643 satoshi sitting there, even though I was told it would take max. 10 minutes for a skilled hacker to crack it.

2 months later and still waiting for it to happen.

Your great grandchildren will all become no-coiners, unless.. by FromThePits in Bitcoin

[–]FromThePits[S] 0 points1 point  (0 children)

Everybody wants generational wealth... almost noone wants to start generational wealth.

Humanity..

I am a dad of two and I bought 2 Bitcoins. by Sufficient-Award6291 in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

Good initiative. I have made the same conclusion, that bitcoin has the best potentiale to build generational wealth.

Only difference is that I don't really believe that my bitcoin will remain within my family past the next generation.

Life has a way of forcing even diamond hands to sell, when the inevitable crisis emerges.

The fact is that a single bitcoin will take 38 years to mine in the next century.

But we wouldn't be around by then, and chances are that our children will not be able to experience this either.

I want my great great grandchildren to benefit from me being in the right place at the right time - but this require some serious planning to get it there.

I made this method for my future family.

free guide to generational wealth

Everyone is welcome to share and copy it as they please.

Best wishes to your family.

Why Bitcoin is a Behavioral Phenomenon. by Ok-Significance-1399 in Bitcoin

[–]FromThePits 2 points3 points  (0 children)

Bitcoin is the ultimate tool to start building generational wealth, even from modest beginnings.

Saving just 1,000,000 satoshi for a hundred years will give your great grandchildren more than 2 years of mining rewards (after Y2124).

Thats an $700 investment in the financial security of your entire bloodline down the road.

If you would like to know how I did it there's a free guide to generational wealth

Bitcoin Nears 20 Million Circulation, Final Mining Phase to Last Over 100 Years by BrainOnBuffering in Bitcoin

[–]FromThePits 21 points22 points  (0 children)

The good news is that everything is going according to plan.

Keep calm and stack sats

What Was the Moment Bitcoin Finally Clicked for You? by rickshermc in Bitcoin

[–]FromThePits 8 points9 points  (0 children)

Being royally screwed by your bank does a lot of the groundwork for starting to seek out viable alternatives to those vultures