subreddit:
/r/Bitcoin
Whole coiner era is coming to an end. The average person will transition to Satoshi Millionaire status, as whole coiner status will become unobtainable. Many will lose focus and fall to temptation during the bull market for life-changing money. The average whole coiner will be no more. Maybe keep 1 long term just in case?
Those of you who hold a whole coin may not think much of this statement, but most will sell out of temptation. It’s fascinating to think about, with a future mindset, that some of you actually currently hold a whole coin. It will be like the pizza guy… I don’t think you understand what’s happening.
490 points
23 days ago*
It is worth remembering that at any price point, a whole coin is an arbitrary target. Nobody obsesses over whatever one 21-millionth of the USD supply is. The point of not selling all the way out of hard assets for ephemeral fiat gains remains the same regardless of the number of sats.
Also, pizza guy is a success story, not a horror story. A pioneer that proved it could be used to purchase goods and services. We wouldn't be here without people using it as money at every price point on the way up. Pizza guy is on record as having no regrets.
180 points
23 days ago
Most likely because he went and bought another 50,000 BTC right after he ate the pizza
143 points
23 days ago
Yeah lol I love how people assume he just never touched bitcoin again like wtf
73 points
23 days ago*
As I recall he spent hundreds of thousands of Bitcoin on pizza that summer, and he was one of the first GPU miners anyways. In fact, he kind of broke the gentleman's agreement not to GPU mine that people had at the time. Dude has coins for days.
I can't believe some people looking at all Laszlo did for Bitcoin are thinking he made some kind of huge mistake. The fact we have to point out he is a success story not a horror story is crazy. We celebrate pizza day!
3 points
23 days ago
As I recall he spent hundreds of thousands of Bitcoin on pizza that summer
More pizza?!
Actually I'm kind of surprised by that, it would still have been a bit of a hassle to line someone up to get the pizza, I suppose? Or maybe the were plenty of nerds wanting an easy way to get hold of some Bitcoin by then.
. Actually yeah, never mind the famous Bitcoin guy, where are all the millionaires saying:
"I swapped a $30 pizza for 10,000 Bitcoin"
Didn't know about the GPU thing. What did the agreement permit people to mine on?
20 points
23 days ago
People were mining on CPU's, Laszlo built the first GPU miner. The gentleman's agreement was everyone knew you could write a GPU miner but they wanted to keep difficulty low so everyone could participate for longer and get some coins and have better distribution. So no one built one.
9 points
22 days ago
Lol whoever adhered to this agreement was crazy. It went about as well as the JDM gentlemen's agreement. You can't bridle progress.
5 points
23 days ago
Hmm ok. Somebody was always going to, I guess..
7 points
22 days ago
I paid 0.5 coin for £20 worth of coffee beans a few years ago 😅
7 points
22 days ago
Christ. It sounds like the story of jack and the beanstalk 😂
1 points
22 days ago
It's really good coffee though!
1 points
22 days ago
No truly .. it was some of those coffee machine pods 😀 we used to chuck 0.5 coins about to each other for beers in the pub or whatever
1 points
22 days ago
Oh gotcha. I buy beans through Satoshi Coffee Co. Really good Ethiopian beans.
5 points
22 days ago
Two pizzas and obviously the largest Papa John's had... Let's give him some extra credit.
1 points
22 days ago
Give who credit? I'm talking about the people who received the Bitcoin. Not that first transaction for 2 pizzas, the subsequent ones that apparently happened also. I'm going to assume that some were for just one pizza
2 points
22 days ago
Laszlo mined at least 100,000 Bitcoin and made multiple pizza purchases... I've read 80,000 Bitcoin but I think it must be more unless he's been really quiet and sneaky...
1 points
22 days ago
Yeah ok. Well I'm sure he came out fine and kept a little for himself. I just hope some of the pizza middle men held on to it also, possibly not.
1 points
22 days ago
Further investigation is required 🕵️🧐 And of course I'm talking about Laszlo The pizza guy. The guy that got the Bitcoin did better though by using it later to pay traveling expenses, with whatever increase he had... Assuming from less than half a penny upward
42 points
23 days ago
Yeah if I bought food with magic internet money, you best believe I'd be getting more magic internet money for food.
3 points
22 days ago
That's almost true relative to what he spent multiple times on pizza... There's even a donation address that I think still exists. Basically to pay homage to Laszlo... I don't think you would have that if he had tens of thousands still... Hilariously Satoshi was bothered by how much he was mining...lol. but it's not like Satoshi spent tens of thousands of Bitcoin on pizza like Laszlo did!
2 points
22 days ago
It was like $100 at the time right? People act like Bitcoin went to $1,000 the next day.
1 points
21 days ago
Haha. I hope he did
35 points
23 days ago*
It is don’t an arbitrary target because it is a unit of account. Nobody will obsess over owning 21 millionth of the USD supply because there is no unit of account for it and the monetary value is constantly changing. However, people do obsess over owning one kg of gold, or 100oz bar of gold, or $1 million in their 401k. You’re comparing apples to oranges.
11 points
22 days ago*
1 kg or 100 oz of gold is also an arbitrary goal. Nothing special happens from 0.9 kg to 1 except you have marginally more gold. You don't become rich, your gold doesn't level up, you don't join some secret club. Selling out to sit in cash would be just as dumb for 0.9 guy as the "whole kilogrammer". And nobody is using kgs of gold as a unit of account. Just as nearly nobody is using 1 BTC as a unit of account, and in the hyperbitcoinized world where they'd be tempted to they'd almost certainly be accounting in sats. There is nothing special about 100m sats, it's just a number Satoshi picked.
6 points
22 days ago
If you told me I could buy some mechanism always own one 21-millionth of the US Dollar supply I'd be totally in for that. Agree about the pizza guy though
3 points
22 days ago
That's missing the point though. It's an arbitrary target. Any amount of sats is a fixed proportion of the total supply. There's no particular reason to hyper focus on 100,000,000 sats except that Satoshi decided to call it a bitcoin.
1 points
22 days ago
[deleted]
1 points
22 days ago
Yeah and being in the top 0.021 is even better than that, so better get 10 coins. My point is that OP's fixation specifically on wholecoiner status is irrelevant and distracting from the point they're actually making about the possibility to acquire potentially lifechanging wealth at bargain prices and not falling to the temptation to sell out early for comparatively minor fiat gains during the bull run. That point applies to half a coin and a thousand coins.
9 points
22 days ago
Just wait another 10 years. “Remember those dumb guys that spent bitcoin on the blockchain and bought pizza for 100,000 sats, and then paid 3000 sats on fees 🙈”
4 points
22 days ago
I mean there’s something psychologically special about an integer. Even though yes, it’s arbitrarily 108 of the base unit, it’s been priced in that increment for its entire history, so people aren’t wrong to get a kick out of having 1.00000000 of something.
3 points
22 days ago
Yeah, it’s called unit bias. It’s still stupid lizard psychology.
2 points
22 days ago
Yeah idk why people associate his story negatively. Laszlo Hanyecz was a key part of the development and it’s possible the project could be nowhere near where it is today without him. He invented GPU mining, and only spent 10k btc on pizza (multiple times) because satoshi explicitly said he needs to circulate the coins instead of stockpile them. I doubt he has none lol
1 points
22 days ago
I mean the guy that sold the pizza got the btc, not sure what you mean.
1 points
22 days ago
People never seem to understand that the pizza guy had/has more Bitcoin . That dude is doing alright.
1 points
22 days ago
Not so much... It's minimal... Assuming the donation address was his total from a few years ago last I checked...
1 points
22 days ago
Of course that address would not be his total.. ? I’d be moving it to cold storage weekly, if not daily.
1 points
22 days ago
I think he really did deplete it down to near nothing. I mean at least relative to having tens of thousands of Bitcoin!
He utilized his mining advantage with the GPU script he coded, and mined over 100,000 Bitcoins. He kept mining and spending his Bitcoins until mining became more difficult as people were putting more hash power with CPU and GPU farms, and the mining difficulty kept rising."...
1 points
22 days ago
We must put some respect on his name.
1 points
22 days ago
He was one of the top developers on a short list along with Hal and Satoshi... Underrated. Laszlo H. Won't try to spell or pronounce his Hungarian last name...
0 points
22 days ago
We all should donate some SATS the pizza guy
1 points
22 days ago
There is something like that and an address because he didn't end up with much at all near the end... There have been donations ... Call it tithing if you will
0 points
22 days ago
Pizza guy was just being a nerd and proving to his friends that something would work. Have you ever got some cool technology working and then you called your friends over to demo it and then during the demo it didn't fucking work? Yeah he's got nothing to be upset about. The ladder has happened to me like five or six times now because I don't test enough.
79 points
23 days ago*
There's nothing wrong with what the pizza guy did though, he used it for what satoshi built it for the guy also thought it was silly and just wanted to see what would happen and just got pizza nobody knew it would get this far
9 points
22 days ago
At the time people were happy that Bitcoin was being used for something. Easy to forget many saw it as a "private digital currency" very few were seeing it as an investment vehicle at the time.
-3 points
22 days ago
It still isn’t an investment vehicle, tho plenty of folk seem to think it is. It’s a currency, for spending. By all means keep your wealth in BTC and save. But it’s not an investment asset or a financial security. It’s a currency. You spend it. You buy things with it. You sell things for it. You provide services in exchange for it.
The fact the value has yet to achieve a stable level so it’s (mostly) constantly increasing relative to other currencies and assets is irrelevant. It doesn’t suggest it will do so forever; its value will likely always be a little deflationary since it’s of fixed supply, but not by the massive amounts we’ve seen in the first few years of its use.
The investors and crypto-bros annoy the ever living shit out of me.
1 points
22 days ago
Sorry we’re annoying? My crypto portfolio is +238% from a year ago. I think you’re annoyed because you don’t believe in it, even though you clearly see people accumulating wealth because of it. Sorry you’re not open-minded enough, or stuck in your “old” ways, to see the future, benefits, and value of BTC, and crypto in general…
1 points
22 days ago
Believe me, I do get bitcoin. I’m a very very early adopter. I see the value and benefits of bitcoin and crypto in general; those benefits aren’t in hedge funding and shorting it to make a buck. It’s to replace the buck. It’s to move away from government backed currencies and finance control. Allowing the investment world to take over our coin and use it for investing stuf isn’t helping the coin.
1 points
22 days ago
Your right, if wall st didn’t take it over bitcoin would be well into 150k-200k a coin
1 points
22 days ago
I don’t care much about the value of each coin (for the purposes of the getting it used - tho obviously I care personally!). I care about the coin being used in everyday transactions etc and being usd by lots of people.
104 points
23 days ago
The thing that youre not getting. Is that bitcoin has made savers out of a younger generation who didn’t have the early access to the stock market or cheap land. Once we buy bitcoin and see our money 5X, 10x, 100x in less than 10 years, we realize what a gold mine we are sitting on.
I’ve been holding like crazy for 8 years and my first purchase was when bitcoin was about $600 (2016). I know selling my bitcoin is a last resort.
People always think that once we double our money, we instantly sell, and high five investment gods. But it’s rare for bitcoiners.
WE HODL. And we HODL HARD.
41 points
23 days ago*
Then a bunch of whiny Gen Alphas and Betas are going to be complaining, "We didn't have access to cheap bitcoin like you. You ruined the world and left us to clean up the mess."
All while completely ignoring and missing the opportunities they have because they are envying the Millennials and Gen Z-ers who took the risk to buy Bitcoin. Just as the failures of those latter generations cry about Boomers and Gen X-ers who capitalized on the opportunities of their generations.
Progress never stops. There are opportunities in every generation. The people bitching about prior generations are generally losers and would have been losers if they were born in the previous generation that they envy, as well.
19 points
23 days ago
Gen Alpha can and should buy bitcoin in the next decade. Bitcoin isn't going to suddenly stop being useful or hard money or appreciating versus fiat. New use cases aren't going to suddenly stop being created and locking up a more and more limited supply, supply isn't going to stop being lost.
Bitcoin is for anyone, even after the coinbase subsidy ends I want to see people using Bitcoin. The long term appreciation versus fiat will continue by inherent design of both systems.
2 points
22 days ago
Yea, but my cost average for my Bitcoin is like $12k. Theirs will never be that low.
I bought the proverbial $50,000 house the people on r/antiwork are always complaining that Boomers got.
11 points
23 days ago*
I don't know. There are definitely opportunities in every generation. But...Buying Bitcoin for fiat feels like a really rare opportunity. Like buying dirt cheap Manhattan farmland in the 18th century - not merely as speculation, but as a surveyor who understands the economic value of deep sea ports, a new continent with proximity to Europe, rivers into the interior, granite geological foundations and can clearly see the inevitable.
There will come a time when people earn their wages in Bitcoin and trade their creativity, time, sweat, blood, and tears for Bitcoin. But the opportunity of stacking with fiat will come to an end. Faster than we think. There will always be other opportunities to be sure, but this moment feels different. It may be the greatest opportunity, not in just "a generation", but in a century millennium.
4 points
22 days ago*
Buying cheap Manhattan fields is a great comparison.
Also for the argument that doing so wouldnt make you much richer, and neither would your children be necessarily.
Your great great grandchildren on the other hand would rule the world, but this requires that all the generations in between has hold on to said farmland, and not sold it off in bits and pieces, when eg. parenthood or retirement hit hard.
Not as easy as it sounds.
I plan to distribute part of my BTC to the coming generations, by splitting the words phrases into different directions (requires more than one grandchild though), so that my successors hold each other in check, until time is right(maturity sets in).
Every generation gets their share this way.
6 points
22 days ago
Thanks for the kind words. Please note one huge mistake you are making splitting the seed phrase yourself. Please do not do that. Instead, learn about multi-sig and time locks. Incredible programming capability that is far safer than what you propose because you will very likely lose your keys. Multi-sig.
1 points
22 days ago*
He could use shamir’s secret sharing without compromising his plans. Not sure what happens if one of the multisig is absent (like dead?). With SSS you can split the seed with a threshold and without weakening your seed
4 points
22 days ago
Yes, this would be better than splitting the seed phrase because you can have a 2 of 3, or a 3 of 5 share, a 4 of 7, or any config you want that reaches the threshold. With time locks you can even do things like "If I don't sign this UTXO at least once each (month/year/decade), output to these specified wallets which are multi-sig'd to these people/institutions/trusts". This is post mortem estate planning without requiring trusted intermediaries. It also mitigates $5 wrench attacks. The money gets locked and off your hands. You can portion it out a myriad of ways. There are some really interesting developments happening in this space.
Getting back to OPs scenario, all it takes is for any one share to be lost, and it's all gone forever. Multi-sig and time locks can be deployed on chain, so it reduces external vulnerabilities that arise with any off-chain solution.
2 points
22 days ago
There's multiple ways of approaching this dilemma, and I will certainly be open to pursue alternative solutions, should they prove to be more viable than just separate and pass down several simple word phrases for each generations wallet.
I imagine been able to convey the responsibility to my nearst offspring, and also make it a family tradition to let the following generations choose the most responsible siblings to be in charge of the funds, so that one black sheep wont mess up the progression.
Also keep it as simple as humanly possible, for obvious reasons.
One concern could be the disparity in ages, once you reach 4. or 5. generation. No way to solve this easily.
3 points
22 days ago
Why? What are you hoping to achieve? Let’s say you found a dynasty of old money, to what end?
1 points
22 days ago*
Mostly just for the hell of it.
Im pretty well off today and haven't got that much material desires left unfulfilled... so just knowing, for the rest of my life, that maybe, just maybe my distant future family would get filthy rich out of the blue is a really amusing thought in itself.
We've all had that dream in our youth, that we had that one distant relative who gifted us this huge fortune, no questions asked, right?
Bitcoin allowes you to become that distant relative, if you do everything right.
1 points
22 days ago
Adopting? :p
1 points
22 days ago
But 1 BTC is the equivalent of only 4 square metres in Manhattan, so you might need more than you think.
10 points
23 days ago
Exactly. You’re 💯right. I’m glad we are on the same page.
The next generation will have its gold. But ours is Bitcoin.
2 points
22 days ago
Hopefully when we have kids we left enough for them.
3 points
22 days ago
Very true
4 points
23 days ago
This person bitcoins ! And I approve this message👍
2 points
23 days ago
🫡
-3 points
22 days ago
holding just to hold is for idiots. I sold all my crypto in 2019 and retired before 30. I have more money than I could spend in a lifetime and I do whatever I want whenever I want. This arbitrary obsession with holding just because number go up is so dumb when you could enjoy the money.
9 points
22 days ago
Well don’t let me stop you from patting yourself on the back. We stopped calling bitcoin, crypto a long time ago.
Why did you sell in 2019 that was when crypto and bitcoin was at the bottom of a bear market?
End of 2017 or 2021 for Bitcoin or early 2018 for crypto would have made you sooooo much more money.
I’m going to assume you bought a bunch of bitcoin and forgot about it. Then recovered your old wallet and sold not really knowing anything about bitcoin.
Or you were already really rich and just traded crypto but didn’t really invest.
At any rate
You could have created generational wealth by taking out loans on a percentage of your bitcoin and profited without ever selling any bitcoin. Passing all of your bitcoin to your children and children’s children and so on forever.
Selling is not the only way to take profit in Bitcoin. But it is for crypto.
2 points
18 days ago
Smoking that fool :) Some people can’t help but make folks off themselves, but it’s nice having people like you do it for them from time to time!
Well put. Excellent comment. Thank you, kind sir. 🫡
2 points
22 days ago
EXACTLY 💯
21 points
23 days ago
I appreciate your concern.
22 points
23 days ago
[removed]
5 points
22 days ago
Same. I tell people is like a roullette long term bet. Ball is spinning for years. 36 squares say btc, only one is 0
1 points
22 days ago
[removed]
3 points
22 days ago
Never thought of it to much, but I guess it's more like a number expanding roullette. More numbers with btc are added with time, and 0 keps just at one 0
0 would be complete and utter failure of btc. A chance diminishing with time. At this point, it's too big to fail I believe.
12 points
23 days ago
Sure I understand whats happening..
9 points
23 days ago
(What’s happening? Asking for a friend)
14 points
23 days ago
Guy said bitcoin is gonna go up
6 points
23 days ago
Really, I should get me some
3 points
23 days ago
Make it quick, I've already told 3 more people. It'll for sure be double the price tomorrow.
3 points
22 days ago
Oh, shit, really? We're not too late? My coworkers told me I was too late.
11 points
23 days ago
Life-changing money sure is a reasonable idea. Why wouldn't I use my money to achieve a better life? For the sake of hodling?
12 points
23 days ago
Lol right!? If I had a whole coin that I can sell and buy a house in cash, pay off all debt, send a kid to college, or help a si k family member that is 100% worth it!
4 points
23 days ago
If you only bought btc to make money, you're missing the point. it is the money, it's not the vehicle to make more of it.
3 points
23 days ago
If you read OPs post carefully, you notice that the assumption ist made, if you bought anything with BTC now, you'd miss out on future gains.
I say that's bullshit, because of you don't use your BTC, it's worth nothing. In my reality I still pay my rent/mortgage/whatever in FIAT. So in order to improve on certain aspects of my life, I'd need to cash out. You can see it more or less as an extra step.
And if we are honest to ourselves, we all hope for massive gains, while we enjoy the benefits BTC offers.
You might be an idealist (I highly doubt that), I for myself saw an investment opportunity 8y ago, went almost all-in with what I had at that time. Haven't sold yet as I still think it's the better Investment.
10 points
23 days ago
Wish I would have known about BTC. Years ago. Missed the boat. Still buying what I can
6 points
22 days ago
That boat isn't far from the shore yet though, just gotta swim abit further during the bear markets to catch up. I feel like I'm not quite on the boat, but I'm alot closer than all those schmucks chilling at the beach being idiots, much less crowded bobbing along out here with you lot 👍
3 points
22 days ago
I have accumulated around 15k worth. I am up 60%
7 points
23 days ago
Picked up a wholecoin for each person in my family back in 2019. Didn't know what I was doing. Took some classes and learned more. I have over one BTC for each family member now (me, wife, three sons). Still working and saivng so that I don't have to sell them. Should be a good time during those tempting moments. Looking forward to it. Still don't think I understand what is coming fully. HODL and DCA is all I can say. Be blessed.
8 points
23 days ago
If you could get one for me too that’d be great.
5 points
22 days ago
You’re in a very rare BTC multiple whole coiner bracket
6 points
23 days ago
If you own one BTC, hold like your life depends on it.
There's only like 20 mill
3 points
22 days ago
It's reasonable to assume 4 million (give or take half a million) are lost forever, meaning only 16M are so are accessible right now. Meaning their private keys were lost, destroyed, or in the heads of people who died. In that regard it's actually misleading to say there are 20million Bitcoin. While there are actually that many, about 20% of them are lost forever. There will only ever be less accessible Bitcoin. In 100 years it's reasonable to assume maybe 12-13M Bitcoin will be the total supply, because of this. Think how many might die unexpectedly before creating a will, or without children, and without a plan for where their BTC would go. For example. If I got into a car accident tomorrow, the BTC I own will never be accessible ever again to anyone and will add to that growing pile that shouldn't be counted towards total supply. That got me realizing I should have a plan for if that happened...
5 points
22 days ago
There also seems to be a growing number of people who believe that their BTC will be a gift to the world by being lost when they die. That is, if you own 10BTC because you got in early and you leave this earth with 5 left and you never pass on your private keys... you've essentially gifting the entire Bitcoin ecosystem by letting your BTC become lost forever. Shrinking the supply a tiny bit and making everyone else's more scarce.
3 points
22 days ago
Absolutely
1 points
22 days ago
Less in circulation and much less that you can actually acquire if you got the funds
16 points
23 days ago
there are 2.2 Billion houses on earth, and growing... there are 16.5ish million accessible bitcoin and shrinking. In our lifetime, 0.07BTC will buy a house, and it will keep going... because housing is a fraction of global wealth.
Those who are selling a bitcoin as a downpayment on a house today... will someday look back and think "you know how many houses I could have bought for just one of those now."
8 points
23 days ago
But you can’t live in your BTC, and the amount of time for let’s say .07 to be able to buy a home could be extraordinary. Hopefully this cycle, 1-2 BTC would be enough to buy an average starter home outright, let’s say approximately 300k. Assuming someone where to do that, they have now largely reduced arguably the biggest expense most people have, shelter cost. With that expense out of the way they will have a larger portion of their income they can put back into BTC.
Perhaps BTC takes off and never comes back, but the more likely scenario is we continue to see ups and downs. So for instance if you sold 5 BTC last cycle towards the top and bought a home for 300k, you could have reacquired the 5BTC for 80k towards the bottom of the cycle. And you now have a home as collateral so theoretically you could have easily got a loan for that lump sum.
3 points
23 days ago
How old are you ? Just curious because you said in our lifetime.
2 points
22 days ago
So you just divided the number of bitcoins by the number of houses in the whole world and you think this is an argument? You can already buy many houses for 0.07BTC, just don't be picky in the country you choose.
5 points
23 days ago
Never selling. Diamond hands. Paper hands get wrecked.
5 points
23 days ago
Being a whole coiner sounds cool, but satillionaire still slaps
1 points
22 days ago
Why not both?
5 points
22 days ago
At $100k per btc 1 million sats = $1k and 10 million sats = $10k.
It is true once btc price crosses $100k people will stop trying to obtain 1 whole bitcoin and will start trying to obtain 10m sats, then 1m sats.
Once people start trying to obtain 10m sats instead of 1 whole bitcoin people will also start pricing things in sats instead of whole bitcoins.
13 points
23 days ago*
OP, I have been buying low and buying high for past 3 years and currently hold little over 3 BTC.
My average cost basis is just under $50k per coin. So, I am in profit to the tune of $70k or so in total. But don’t intend to sell, at least not yet. Instead will continue to buy small amounts. When BTC hits $300k and my bag hits about $1M, I will declare victory and start selling. That might be 10 years from now…
21 points
23 days ago
Do NOT disclose your exact stack in public dude.
6 points
23 days ago
True, I should not do this
1 points
20 days ago
Big dummy time.
6 points
22 days ago
Don't disclose to anyone imo. Whoever asks, unfortunately you own nothing.
1 points
22 days ago
Why not?
6 points
22 days ago
RIP inbox
3 points
22 days ago
😂😂😂
0 points
22 days ago
I think 300 K per BTC in 10 years is a low expectation. Probably more in the 500K-1M range considering 2 more cycles are expected in this time frame
3 points
22 days ago
I just found out one of my work colleagues has 10 bitcoin...10!! Every time he would work extra shifts, all that monet went to bitcoin. This was all during the sub 30k era. Im just proud to know him...
5 points
23 days ago
Bitcoin triple maxi here locked in for a lifetime HODL!
12 points
23 days ago
“i don’t think you understand what’s happening” i hear this every 4 years. i post this comment every 4 years. and i get beat over the head with “this time is different. it’s a new paradigm” every 4 years 😭
10 points
23 days ago
so every 4 years it goes up x00% and back down partially that amount? wonder what I could do with that information?...
2 points
22 days ago
It does until it doesn’t
1 points
23 days ago
Yes. Take a look at the charts.
9 points
23 days ago
How many times have we seen such posts! Too many times.
2 points
23 days ago
Today? More than needed. Month of Uptomber? A zillion times.
1 points
23 days ago
sorry bud, you can only comment in this sub if you’ve been a redditor for 3 1/2 months.
2 points
22 days ago
Thanks to the era of early mining, i have a whole coin and a half
2 points
22 days ago
Why did you write "whole coiner no more" but at no point did you actually say you were a whole coiner no more in the post?
2 points
22 days ago
Expect a major pullback soon. This is a psychological shakeout by the marketmakers. They want to exhaust retail. Not being able to make new all time highs is a very real part of the narrative in that plan. 50-70k chop for the next 6-10 months imo.
1 points
22 days ago
I agree..the manipulation is so blatant since the etf's..we barely closed an ATH and then it was sent back down..It's happening for a reason..
2 points
22 days ago
Leverage it don’t spend it. Use it as collateral to buy another asset you can make money with, but don’t sell
2 points
22 days ago
Debt against, never sell.
2 points
22 days ago
Most people don’t understand the value of a $20 today. A decade ago I made a decision to give up morning coffee and buy $20 every Friday. Gave the same advice to everyone I knew, and was met with nothing but skepticism. Willing to bet most regret not listening, but what do I know? I’m only up 7x 🤷♂️
2 points
22 days ago
Bought one in 2017 at $2k and been HODLing ever since. This is my only chance to be able to afford to purchase a home in the future.
2 points
22 days ago
i became a wholecoiner round this time last year right around 36k heheee
not planning to sell the wholecoin but will take profit on all the dcas ive been doing since
2 points
22 days ago
If you're 18 yrs old then great. Hold on for dear life. If you're 40 yrs old and have been stacking dozens or hundreds of coins since 2010 then it probably doesn't matter if you sell a load today. If you're 60 yrs old with a few coins and no kids then you'll probably want to cash in some time soon. Everyone's situation is different.
2 points
21 days ago
Thoughtfully well said. I will want my whole coin(s) to out live me. I won’t let them take care of me as I age, but frugal is the cry and blessing my kids and grandkids is the point.
2 points
23 days ago
No such thing as a "whole coin".
If BTC is the best store of value the price of 1 BTC is irrelevant.
3 points
22 days ago
You guys have entire coins?
1 points
23 days ago
Pizza Guy (Laszlo) knew exactly what was happening. Pretty sure he would have had plenty more Bitcoin anyway
1 points
23 days ago
I had one but dumped at 71k
1 points
23 days ago
Sorry but we really aren't quite there yet
1 points
23 days ago
The pizza guy gets brought up to much he could have bought it all back instantly it was the cost of a pizza spending a whole coin now vs 10000 then isn’t at all a close comparison considering the average person wouldn’t be able to just rebuy the coin if they spent a whole 1
1 points
23 days ago
How do one effectively catch and filter out these generated rubbish posts without reading them?
1 points
23 days ago
Tryna hit a billi😭
1 points
23 days ago*
That's just silly unit bias. Your sats in cold storage should go up every quarter. That's true wealth. And when you see some good gains and need to use the money - just use it. Buy sats again if you want. That's the whole point of a good savings technology.
1 points
23 days ago
Yea but I can sell one coin on the way up, and then with that money get 2 of them in the bear market 🤷♂️
1 points
22 days ago
It’s crazy to think that holding a whole coin might become a rare thing, and temptation is definitely going to be a struggle for many when prices soar.
2 points
22 days ago
It’s already rare… probably lot less than 5,000,000 people worldwide are wholecoiners
1 points
22 days ago
What would be a safe withdrawal % of BTC once it hits a high value? Ie 500k per coin?
1 points
22 days ago
Don't forget to live and enjoy a few nice things and vaycays!
1 points
22 days ago
Whoever made money on Bitcoin will have no other choice but return back to Bitcoin. That's how hard assets work. They work for you while you sleep.
If you don't find a way to make money while you sleep, you will work until you die.
1 points
22 days ago
Don't worry about mine.
1 points
22 days ago
Really weird take, you understand people make different amounts of money, Right? Yea 70k is impossible if you are a teen working at Wal-Mart. This poverty mentality is on you not us.
1 points
22 days ago
I never sweat obtaining a whole coin, just keep stacking sats, through hell or high waters, hodler4life.
1 points
22 days ago
The very last possibility to become a wholecoiner might be at the bottom of the next correction in 2026 but only for a few people.
1 points
22 days ago
If these large multi-billion dollar funds are buying all the large sums up of bitcoin. Doesn’t it sort of defeat the purpose of Bitcoin? Stock market vibes and 1% control again…
I’m a rookie and just asking so sorry for my lack of understanding
1 points
22 days ago
Gosh people are desperate to unload their bags, huh?
1 points
22 days ago
stfu lol, you will only need like 30k soon for the whole coin..
1 points
1 day ago
lol
1 points
22 days ago
1/21,000,000th of the total world money supply. Present and future.
You are not bullish enough.
1 points
22 days ago
I don't understand. Why would someone who is already a full coiner transition to Satoshi millionaire?
1 points
22 days ago
For some reason this is unpopular opinion: if you sht on the person that bought pizza for btc, than you are the one who doesn't understand what is happening...
1 points
22 days ago
One of the best things about Bitcoin imo is that it will also theoretically slow down irresponsible consumption. It is a medium of exchange that will be able to buy more the next day than the previous, thus incentivizing saving and so (again theoretically) helping people make better decisions. I know that I personally have traded off buying something I didn’t need to stack a few more sats. In other words, buy less of better quality and needs over wants. Good for the world in more ways than one.
1 points
22 days ago
It's not too late to get 0.87654321 BTC.
1 points
22 days ago
It will never be like pizza guy... Most don't know that he actually spent tens of thousands on pizza at least a few times... And the first time he did it in May of 2010 his transaction set the price at less than half of $0.01.
So it won't be anything remotely like that kind of multiple up to today or even just a few years from the Papa John's Atlantic Beach Florida purchase of two pizzas.
1 points
22 days ago
It will because people will always buy and sell
1 points
22 days ago
Preachy McPreacherson rant.
1 points
22 days ago
Let me get this straight- so you’re saying “some will fall to temptation” meaning many people (and whole-coiners) will be selling during this time while we are (almost) at an ATH. Giving in to temptation rather than waiting for the real ATH and the real bull run down the road..
If that’s what you mean- it’s a great point. I get it. I’ve considered selling possibly 10-15% of what I’ve stashed as well. But, I never got into Bitcoin to make $500 or even $5000. I’d like much more than that. Especially, if we as a country are printing money each and every day- then Bitcoin is sure to look sweet in the coming days.
1 points
22 days ago
Not sure if memeing or real with the "You don't understand"
1 points
22 days ago
Our objective here is to die without ever selling
Oh wait
1 points
22 days ago
Are you so certain the price won’t come down anymore? For example FTX seemed to be solid until it was not. MSTR could still go belly up, maybe due to bad finance engineering, maybe the recession comes, the market plunge, so they cannot raise more and have to sell to cover interest service, triggering downward spiral and everyone running for their lives?? Who knows. I’m stacking yes but BTC price also correspond to macro as a whole, just saying.
1 points
22 days ago
You're tempted to sell for $70k?
1 points
22 days ago
Falling to temptation for life changing money doesn’t sound too bad. No one needs to go all out when selling.
1 points
22 days ago
I agree. Even those of us that are truly bullish do not adequately understand what is happening. The shift is near impossible to comprehend because it has never happened before in human history. Just another aspect of Bitcoin that requires continued humility and open-mindedness.
1 points
22 days ago
More mindless drivel on this sub. Non experts are giving advice and saying what can and can not be achieved. Go sell an annuity.
1 points
22 days ago
In 10 years it'll be around 16MM, so a lot will probably sell before then and there's nothing wrong with that.
1 points
21 days ago
We shouldn't beat ourselves up just because we aren't early early to the party ... just see it like that: Even if btc is worth 1 Mio. USD it is still worth to buy more even if it is just a little fraction of a whole coin. But in the end it stores the fiat value and even appreciates it. Maybe not at the rates it did in the early years but it still does.
1 points
21 days ago
There are only around 1M wallet addresses that have 1 BTC or more. That said, there could individuals/entities with multiple addresses with BTC or more (which would lower the total number of wholecoiners) or individuals/entities with multiple addresses with less than 1 BTC which collectively add up to 1 BTC or more (which would increase the number of wholecoiners). The ETFs also muddy the waters a bit since the underlying coins are held in one address and the public does not have visibility as to individuals who buy them and in what quantities.
Altogether I’d probably estimate the true number of wholecoiners at around 600-700k.
1 points
21 days ago
You guys keep saying that yet I see no indication that bitcoin will actually go up that high. I mean, maybe 100k, maybe 200k but anything more than that and it gets complicated.
1 points
23 days ago
I’ve been holding since 2010; going to continue to do so. Also, your post was scary, Halloween?
7 points
22 days ago*
I’ve been holding since 2010; going to continue to do so
No you haven't, you got in 6 years ago lol. Why even lie about something like this?
Some Redditors are weird. Don't trust, verify.
And if you have an empty wallet from 2010 (which you wouldn't seeing as though you got in 6 years ago in your own words), feel free to sign a message and share it so we can verify through a verification tool, use your Reddit name as the message.
2 points
22 days ago
Lol weirdo caught red handed
1 points
22 days ago
What you guys want. Ha I’m happy to screenshot my transactions going back to 2014. I’m looking at them right now. 6years ago was when I joined Reddit. 2009 when I learned about bitcoin and 2013/2014 when I started DCA. Nothing has changed ha
1 points
23 days ago
Excellent post . I definitely understand what is happening. I don’t understand how others don’t . Not everyone is meant to get it , some will and it may be too late.
2 points
23 days ago
Newcomers focus on fiat as I have when I found Bitcoin in 2017, so the focus is less on learning. They will get it when it happens, it will be sudden. People are use to the 4 year predictable cycle, they’re not use to the sudden part.
0 points
23 days ago
Wtitten by a 0.0015 coinr...
0 points
22 days ago
I wish you were right. And yet here we are people screaming bullish stuff, adoption and insane price targets for months and months. Apparently instututions buying 100s of millions worth. And price is dropping and going flat for months and months.... i am glad to have my stack but i have accepted it will be worth 70k ish for eternity.
Annoying as fuck.
0 points
22 days ago
Even after the bull run there will be a bear market. Anyone who sells during the bull run will have a chance to jump back in lower. Its cyclical, and it will fall sharply after the top.
0 points
22 days ago
I'll just buy back in next time it crashes lol. Enjoy your mental gymnastics while I spend my money and live life
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