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How much to corner Bitcoin?
#1
There are about 17M Bitcoins in circulation and a maximum of 21M in the year 2100 or so.

So the capped inflation rate is between 3-4% up to the year 2100 or so.

In other words, it's a credit based system rather than a debt based system like the fake dollar.



Current Bitcoin price is about $8K.

In order to corner the market, an entity can buy 10.51M coins.

At the current price the market market cap is $84B.



Consider Apple, the USA government, & China cornering the market.

Apple has about $250B in cash.

If price ran to $50K per coin before they could corner, they might could do it with a loan.

So in 50 years, Apple could be worth $50T if Bitcoin's price was $1M per coin.
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#2
(05-15-2019, 10:50 AM)Secret Wrote: There are about 17M Bitcoins in circulation and a maximum of 21M in the year 2100 or so.

So the capped inflation rate is between 3-4% up to the year 2100 or so.

In other words, it's a credit based system rather than a debt based system like the fake dollar.



Current Bitcoin price is about $8K.

In order to corner the market, an entity can buy 10.51M coins.

At the current price the market market cap is $84B.



Consider Apple, the USA government, & China cornering the market.

Apple has about $250B in cash.

If price ran to $50K per coin before they could corner, they might could do it with a loan.

So in 50 years, Apple could be worth $50T if Bitcoin's price was $1M per coin.

How's this? In Aus we have renewable energy targets mandated which have caused some coal generators to go out of business.

China is buying these old power plants with coal mines attached and then using the power to farm bitcoin for a fraction of the cost compared to what Australians pay for their power and even cheaper than they can farm in back in China.

https://ambcrypto.com/australias-dirties...in-mining/

It's open and running now. Our political class is treasonous scum.
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#3
It would be cheaper to corner the physical silver market, but watch out, "powerful forces" don't like that!
"One shitty decision away from disaster"
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#4
I think they are slowly buying BTC.

But to corner the market would drive the price up exponentially, so they would have to do it $1-20 million at a time
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#5
(05-15-2019, 11:24 AM)dazedb42 Wrote:
(05-15-2019, 10:50 AM)Secret Wrote: There are about 17M Bitcoins in circulation and a maximum of 21M in the year 2100 or so.

So the capped inflation rate is between 3-4% up to the year 2100 or so.

In other words, it's a credit based system rather than a debt based system like the fake dollar.



Current Bitcoin price is about $8K.

In order to corner the market, an entity can buy 10.51M coins.

At the current price the market market cap is $84B.



Consider Apple, the USA government, & China cornering the market.

Apple has about $250B in cash.

If price ran to $50K per coin before they could corner, they might could do it with a loan.

So in 50 years, Apple could be worth $50T if Bitcoin's price was $1M per coin.

How's this? In Aus we have renewable energy targets mandated which have caused some coal generators to go out of business.

China is buying these old power plants with coal mines attached and then using the power to farm bitcoin for a fraction of the cost compared to what Australians pay for their power and even cheaper than they can farm in back in China.

https://ambcrypto.com/australias-dirties...in-mining/

It's open and running now. Our political class is treasonous scum.

Not sure what you are asking. How much electricity do all the banks consume?
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#6
(05-15-2019, 11:26 AM)Lobster Boy Wrote: It would be cheaper to corner the physical silver market, but watch out, "powerful forces" don't like that!

Silver and gold can soon be obsolete as an investment.

Silver might be trading for $0.50 an ounce and gold about $1.00 an ounce.

Corner those markets then for pennies on the dollar.
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#7
(05-15-2019, 11:27 AM)unclelunatic Wrote: I think they are slowly buying BTC.

But to corner the market would drive the price up exponentially, so they would have to do it $1-20 million at a time

I can see $10-100M per bitcoin.
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#8
(05-15-2019, 01:38 PM)Secret Wrote:
(05-15-2019, 11:27 AM)unclelunatic Wrote: I think they are slowly buying BTC.

But to corner the market would drive the price up exponentially, so they would have to do it $1-20 million at a time

I can see $10-100M per bitcoin.

That would be pretty crazy, at $1 million per bitcoin, each satoshi is 1 penny.

I'm just going to HODL my crypto for the next 10+ years in hopes of having a better retirement.
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#9
(05-15-2019, 01:43 PM)unclelunatic Wrote:
(05-15-2019, 01:38 PM)Secret Wrote:
(05-15-2019, 11:27 AM)unclelunatic Wrote: I think they are slowly buying BTC.

But to corner the market would drive the price up exponentially, so they would have to do it $1-20 million at a time

I can see $10-100M per bitcoin.

That would be pretty crazy, at $1 million per bitcoin, each satoshi is 1 penny.

I'm just going to HODL my crypto for the next 10+ years in hopes of having a better retirement.

If a couple of countries begin to accumulate, forget buying any more bitcoin for an investment.
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#10
I think Apple could corner Bitcoin for $1/2T.
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