@michellhilton
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With only 21 million bitcoin, will it eventually become difficult to own one whole bitcoin?
It will become impossible to own one. looks at the orderbooks of all those exchanges, compare it to the number of mined bitcoins and you will easily understand that more than 80 % of bitcoiners are not trading, using or selling their coins, they are holding and they are holding for a long long time. Miners are forced to sell their bitcoins because they have expenses to cover, traders are also selling because it’s part of their strategy, but that volume is dust compared to the real force of Bitcoin which is HOLDING. Almost every wealthy american holds + 1 bitcoin, not owning is bet you can not take There are 21 Million BTC Satoshi own more than 1 Million BTC There are more than 36 Million millionaires in the word If every one of them wants to buy 1 BTC, there will not be enough to satisfy the demand, so let’s not even talk about you and me and the rest of the population.
2 comments
When there is more demand than supply that's what is obtainable. Even we can't own 1 Bitcoin there are other crypto currency out there that can be bought and holdled now before it also becomes scarce
The most important thing is to have a diversified crypto portfolio. But in underdeveloped or developing country, e.g Nigeria, owning lesser than 1 BTC makes you a millionaire.