₿itcoin Umuttur⚡⚡'s avatar
₿itcoin Umuttur⚡⚡
ukarakaya@iris.to
npub1magv...uf6h
☀️ ∞/21M ₿itcoin Get money, buy ₿itcoin/ Not sell ₿itcoin/ The ₿itcoin Standard/ ₿itcoiner/ ₿itcoin Only / DYOR/YTD/WAGMI/ https://mempool.space / HODL #Bitcoin / #nostr / #zap https://bitcoin.org https://bitcoinknots.org ACCELERATE HYPERBITCOINIZATION ⚡Stack Friends Who Stack Sats⚡
I've been asked this question a few times: If there's a limited supply of #Bitcoin, how is everybody going to get access to it? The total supply of BTC will max out at 21,000,000. ~20,000,000 BTC have already been issued. 1,000,000 BTC are going to be issued over the next 115 years. Each BTC can be split into multiple units called, like dollars and cents. 1 BTC can be split into 100,000,000 Satoshis, meaning there will only ever be a maximum of 2,100,000,000,000,000 Satoshis (2.1 quadrillion). 1 Bitcoin has a market price of 77,000 US dollars. 1 Satoshi is currently worth a fraction of a penny; you can buy ~1,200 Satoshis with 1 USD. If you divide the total number of Satoshis by the total population on earth, you would get ~262,500 Satoshis or 0.002625 BTC per person... Keep in mind that: - Some people already own a lot more than 0.002625 Bitcoin - There are others who own a lot less or none at all - Some coins have been lost - Some people will never sell their coins, and will instead use their BTC as collateral to borrow ANYONE can participate with any amount of money, but not everyone will get the same amount of BTC. You can buy Bitcoin in almost any currency: - 1 Nigerian Naira = ~0.83 satoshis - 1 Thai Baht = ~38 Satoshis - 1 Turkish Lira = ~27 Satoshis This shows that even some of the weakest currencies can be exchanged for the most powerful form of property ever discovered. Bitcoin will be distributed based on how early you are to join the economy. Today, 262,500 Satoshis costs UNDER 220 USD, and it's possible to buy slowly over time if you don't have $220 upfront. Over time this will get more expensive. Just to show the numbers with some different currencies, 262,500 Satoshis would cost: - 307,160 Naira - 20,326 Indian Rupees - 6,926 Thai Baht - 9,605 Turkish Lira - 298.61 Canadian Dollars - 160.34 Pound sterling Keep in mind that this money is almost like insurance on the legacy financial system's future. If the legacy financial system fails, this could be all the wealth you need to survive for a very long time.
Buy #Bitcoin and chill Nobody knows what's going to happen to Bitcoin in the short term Over the long-term, the best decision you can make is to buy consistently and not let emotions get in the way
#Bitcoin is politically neutral money for a political world. The current financial system punishes you for having certain views. Think about how many people have gotten their accounts frozen, their content demonetized, or were deplatformed because of what they said. I'm not going to mention specific incidents, but the fact that countries can steal your money and destroy your livelihood for saying something politically incorrect is ridiculous. Bitcoin doesn't care about your age, gender, sexual preference, race, nationality, etc. If you create value or want to sell something of value, you can sell it for Bitcoin. People in developing countries without a stable banking system are figuring this out, because they already had their money stolen by corrupt governments.
#Bitcoin is down 38% from the top $126K in October --> $78K to end January One of the worst 4 month periods ever But for the REAL Bitcoiners, this is the best thing that could have happened If you can create more value, you will be able to buy more Bitcoin, and you will see your net worth rise It's just a matter of time
MARK MOSS: "I think #Bitcoin is doing a better job educating people than universities today."🔥
Gold and silver are for people who are fearful that modern society is about to collapse #Bitcoin is for people who are hopeful that humans are resilient and we will get out of the problems that fiat created
JUST IN: LEGENDARY CYPHERPUNK NICK SZABO JUST SAID GOLD HAS FAILED AS A GLOBAL STORE OF VALUE "#BITCOIN HAS PLENTY OF UPSIDE." TRUTH 🔥 image
$124K: “Bitcoin is too expensive. I'll wait for a dip" $85K: “#Bitcoin is dead. I'll buy some later" EVERY SINGLE CYCLE 🤦‍♂️ image
60% of the total gold supply was brought above ground in the last 65 years This means only 40% of the total supply was found in the previous 100,000 years This means humans are getting better at taking gold out of the Earth In 65 years, more than half of the value of gold was transferred to gold miners We have no idea how much gold exists or how much will exist in the future #Bitcoin's supply has always been 21,000,000
If you bought Bitcoin and you feel stressed out about other assets outperforming it YOU'RE GETTING DISTRACTED Stay focused Remember: Nothing has changed about Bitcoin The fundamentals are still the same: - Still the same supply cap (21,000,000) - Still the same characteristics (decentralized, fungible, divisible, durable, scarce, permissionless, censorship resistant, etc) - Still the same use cases (medium of exchange, unit of account, store of value) You already knew Bitcoin was volatile in terms of fiat (any asset worth owning is volatile - dollars aren't volatile... but they're guaranteed to lose value over time) Nobody can predict what the market will do in the short term Markets can be irrational longer than you can stay solvent Stick to your plan, don't get distracted, don't gamble Everything trends to zero against Bitcoin In a few months or years, you'll realize you were panicking over nothing
If you don't want Bitcoin when it's down 32%, you don't deserve Bitcoin when it's up 3,200% From top to bottom, Bitcoin has fallen 2.5x more than its entire market cap after FTX collapsed Embrace Bitcoin's volatility so you can sit back, relax, and enjoy the ride
Gold's market cap is up by Bitcoin's entire market cap today Stfu before you say #Bitcoin can't get to $1M 🤣 Government-issued currencies are worth something like $120 TRILLION When Bitcoin's supply shock hits, make sure you're not on the sidelines
$250 is the new $1 In 1913, you could buy 1 OZ of gold for 20.67 Today that SAME OUNCE (with no technological improvements) costs $5,179 But gold didn't go up The dollar went down Once you see it, you can't unsee it The bigger gold gets, the bigger Bitcoin CAN get Nobody is bullish enough image
If you claim to understand #Bitcoin But you think gold is a superior store of value You don't understand Bitcoin
Gold's value is 95% speculative You're buying a rock because you think other people will want to pay more for it than you did The people who say they don't care about gold's price are liars They literally want you to own gold over everything else so at some point they have exit liquidity Could you imagine what would happen to the market price of gold if institutional holders started selling? What happens if El Salvador actually found 3 trillion of gold and dumps it on the market in the coming years? Price is determined at the margin How low will gold's price drop if people figure out physical gold is out and digital gold is in? Physical gold will be replaced by Bitcoin as the most widely accepted store of value and 99% of the world has no clue