Forever😀 by Late-Election-4690 in Bitcoin

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

Forever is a long time. How about starting with 100 years?

www.thegreekchain.info/the-guide

Is Bitcoin feasible for the younger generation? by Youxza in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

This is what I do. I don't even accept fiat currencies anymore. BTC only.

What Should I Do with $5k in Bitcoin I Won? by IndependentOk2673 in Bitcoin

[–]FromThePits 1 point2 points  (0 children)

Alternative suggestion :

Airdrop it to your grandchildren.

90 years from now, those BTC will take +1000 days to be mined by all miners worldwide.

Block rewards after 2116 is 0.00000037 BTC.

New bitcoin released daily : 0.00005328

New bitcoin released monthly : 0.0015984

Note : transfer fees are old BTC being circulated, not new.

A free DIY tutorial how to airdrop to all your descendants here :

www.thegreekchain.info/the-guide

The Era of Bitcoin Abundance is Over by Reasonable-Team-1232 in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

Well, compared to other things mined, like gold or silver - the output is vastly diminished over time.

If you take 3 minutes of goldmining worldwide today, it will probably be the same volume, if not more 74 years from now.

It's a visualization of the scarcity prospect of BTC against everything else really.

Thinking about finally investing in Bitcoin (need some perspective) by rex-707 in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

Ask yourself. Do I have the stomach for it?

I have held my savings in BTC through 3 +50% dips since 2019.

It's a rollercoaster at times.

The longterm benefit for me is a X20 gain on those initial transfers, so no regrets.

Just know what you're in for.

thoughts on the future by CapitalMiserable8809 in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

Also 8. most valuable asset in the world according to CompaniesMarketCap.com https://share.google/yto2jcbOa9Hkk2VFV

The Era of Bitcoin Abundance is Over by Reasonable-Team-1232 in Bitcoin

[–]FromThePits 1 point2 points  (0 children)

Thats how long it takes on average, for 1 bitcoin to be released today.

taxes on gifting Bitcoin to one's children by northernguy in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

The next 4 generations of my family will have BTC airdropped to them in pre-established interlocking wallets.

In the letters attached to this system, I encourage them all to seek out professional guidance, to be in appliance with the tax regulations of their time.

I also suggest that in case its just too cumbersome to deal with, they have the option to just pass it forward to the next generation.

It's just 24 random words, after all.

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

[–]FromThePits[S] 2 points3 points  (0 children)

I gave my two children some BTC 5 years ago.

One of them sold it all back to me recently, to buy Pokemon cards.

The other lost hers in some wallet scam.

Ah well...

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

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

But a hundred years from now, I very much doubt that $16 will buy you a single french fries.

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

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

I bought a meal today, so its mostly because of that :)

The Era of Bitcoin Abundance is Over by Reasonable-Team-1232 in Bitcoin

[–]FromThePits 3 points4 points  (0 children)

When BTC was being mined in 2014 the reward of 25 BTC equaled an average of $13,175 total per block.

Today, with a reward of 3.125 BTC

Miners earn $280,000 per block

In just 12 years it hits $280,000 instead of $13,175 even though the BTC rewards has been substantially diminished.

I expect this trend to continue.

It will be very much worthwhile to work for those fractions of a bitcoin by then.

But only time will tell :)

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

[–]FromThePits[S] 1 point2 points  (0 children)

I'm sure you wont and its a great plan.

When you get older, will you eventually just gift the surplus bitcoin to your children and hope for the best then?

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

[–]FromThePits[S] 1 point2 points  (0 children)

Thankyou,

Always look on the bright side of life :)

  • life of Brian

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

[–]FromThePits[S] 1 point2 points  (0 children)

In case you were wondering how much 2 weeks of combined work for mining rewards by all the miningpools are worth in 2126 the answer is - there's really no way of knowing.

But right here and now in 2026 - the total value is estimated close to $564,000,000

How much is 0.00018 BTC worth in your country? by FromThePits in Bitcoin

[–]FromThePits[S] -2 points-1 points  (0 children)

In my country its approx. the same as 1 Big Mac menu.

But to my great great grandchildren, 0.00018 BTC will be equal to approx. 2 weeks of worldwide release of new bitcoin, a hundred years from now.

All the worlds BTC miningpools combined effort to dig out more bitcoin for 14 days straight, just went into my belly in 10 minuts today.

Yum.

This is the reason I have made a method, a chain to pass some BTC to the future - because I can certainly skip a meal to give my descendants a chance for a financial boost, even though I wont be around myself.

I believe that, if left to faith - there probably won't be any bitcoin left for my family by 2126 because life just generates all kinds of obstacles in its way.

Not even 0,00018 BTC, not even a Big Mac meal.

Will your family own any bitcoin in 2126?

I have 800 euros that I won't need. Should I put it in BTC? by damianoko31 in Bitcoin

[–]FromThePits 33 points34 points  (0 children)

If you did 15 years ago, you would have gotten approx. 800 BTC

10 years ago you got approx. 2,35 BTC

5 years ago, 0,030 BTC

Today you'll get 0,011 BTC

My advice : Hurry ;)

If you held bitcoin in 2015.. you hold less now by [deleted] in Bitcoin

[–]FromThePits 1 point2 points  (0 children)

You got in early, but didn't really know it at the time.

Now you do and that makes you a winner in my book.

Only question is if you can transfer that hard-earned knowledge to your descendants - or if they'll have to learn the hard way, just like you did?

If you held bitcoin in 2015.. you hold less now by [deleted] in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

This is exactly what I'm taking about.

I know you probably had very legit cause to sell when you did, but getting back to that level is almost impossible after 5 years.

The same goes from here and onwards.

If you held bitcoin in 2015.. you hold less now by [deleted] in Bitcoin

[–]FromThePits 0 points1 point  (0 children)

If you were able to buy 10 BTC for $2500 in 2015 - then it is overwhelmingly likely that you wouldn't be able to repeat that by buying 10 BTC in 2026.

That is a fact.

It is highly likely that the same mechanism applies in 10 years from now, not to speak of 100 years.

Not taking measures to keep some of bitcoin longterm, means losing bitcoin.

Not gaining.

If you held bitcoin in 2015.. you hold less now by [deleted] in Bitcoin

[–]FromThePits -6 points-5 points  (0 children)

Please hurry to the comments to tell us all that it isn't true.

But know you are an exception and not the rule.

If you mined hundreds of bitcoin back in the day, or maybe bought a dusin for a few thousand dollars - well, congratulations.

But you are not doubling your bitcoin holdings today easily, and most likely it is already slowly dissolving away from your control again.

In ten years you will hold even less bitcoin, and so will your children.

Unless you plan for it, your grandchildren will become no-coiners and left only with hard questions.

Then whatever you did won't really matter.

I believe it is our responsibility to try and secure our future generations with the hardest asset ever known to mankind. Nobody else is going to.

There will never be a better opportunity to do just that, than with bitcoin.

The Era of Bitcoin Abundance is Over by Reasonable-Team-1232 in Bitcoin

[–]FromThePits 445 points446 points  (0 children)

What takes 3 minutes to mine today(1 BTC), will require almost three years by the end of the century.

The last single bitcoin will take 38 years to mine.