If 1 million people gave a dollar to someone, they could be a millionaire. We are an embodiment of [this showerthought](https://www.reddit.com/Showerthoughts/comments/2mq94c/if_a_million_of_us_picked_a_certain_redditor_and/) Let's make a millionaire together! Every month, there is a drawing thread and a winner thread.
Reddit is about making awesome things happen. People around the world have been helped through the generosity of complete strangers because of Reddit. Well what if we could come together as a community and donate just $1 to help make someone's dream come true? Would you donate that dollar?
Many countries are convert bitcoin to us dollar have permitted the use of Bitcoins. Because of that, the trend is increasing, and people who own bitcoins are on the increase. Lots of people earn by trading cryptocurrencies, especially bitcoins. As Bitcoin's value continues to fluctuate, owners prefer to make the most of it. Moreover, the research shows the excitement that Bitcoin creates. People get many benefits with the help of this local currency. Therefore, if you are bent on buying Bitcoins and are interested in the easiest of them, then you must stick to this content until the end. With the trend of cryptocurrencies, programmers and experts are working on every possible way to serve people with regard to cryptocurrencies. Many experts have created exchange services to make it easier to buy and sell bitcoins. However, many of them can be scams. Therefore, it is best to look for a reliable and trustworthy method. Therefore, although many people want to buy bitcoin, on the other hand, some people own it and want to sell it. The most convenient and simple way is peer-to-peer, through PayPal. It will be safe enough to ensure that the buyer does not run into any problems. So to continue with this method, certain information and skills are needed. This information could be about Bitcoin or the trading platform offered by PayPal. Peer-to-peer selection includes a trading platform. It will help the person to buy bitcoins directly. Moreover, it will also ensure the integrity of the fiat currency that you pay to buy bitcoins. Additionally, safety and reliability depend on the platform the buyer chooses. Also, there are two types of Bitcoins. One is Bitcoin Core, and the other is Bitcoin Cash. Pallets often prefer one of the two. For example, the btc to dollar exchange rate platform often supports Bitcoin Cash. However, buyers can also choose the Bitcoinscashout platform. It will make the deal easier for them. They offer good rates and anonymous transactions. If anyone is wondering about buying bitcoins with PayPal, trading platforms like bitcoinscashout provide a fast and secure service. In addition, it will provide the buyer with the most instantaneous operation. By using this platform, no one will know the details of the buyer. The identity and details of the buyer will be anonymous to the sellers. Additionally, it will not require additional fees or charges. The buyer will need to enter the amount of bitcoins they wish to purchase and some account details. After that, the buyer can transfer the bitcoin to PayPal. Within a few seconds, you will receive the Bitcoins into your PayPal account. Make sure you enter all details accurately and carefully though. If you enter the wrong details, there is no way to get your Bitcoins back. Therefore, please check the details before proceeding with the transaction. An era has approached when people did not even need to convert their bitcoins into fiat currency. They can buy the most expensive bitcoin products anywhere and anytime with the help of Paypal. Thus, sources expect that the time when cryptocurrency will fully replace fiat currency is not far away. Also, with the advancement of technology, it has become easier for people to trade bitcoins and make money. However, the process of buying and selling bitcoins might be a bit risky in countries that ban cryptocurrencies. Also, the rules are very strict about this. Therefore, before purchasing bitcoins, it is essential to research it and the reliability of the trading platform.
[Voorhees] Bitcoin’s inflation schedule is set for the next 100 years: transparent, unwavering, and known to all parties. US Dollar’s inflation schedule is unknown even 1 year out: opaque and manipulated quarterly. One model mathematical & civilized; the other political & antiquated.
The reason people do not want to use bitcoin in daily shopping is the fluctuation risk. Menapay's stable cryptocurrency #MenaCash is always equal to 1 US dollar in order to provide risk-free #transactions for #merchants and customers. #MenaPay #crypto4mena
Bitcoin a pump and dump scheme? "Researchers found that a single actor was “likely” behind several accounts that bought millions of dollars worth of bitcoin and drove the exchange rate in the US from $150 to $1,000 over the course of two months."
04-29 00:04 - 'Trying to raise 0.01 BTC for my cousins birthday, my family has no clue how to buy bitcoin so could someone halp us out. It's only like 50 dollars. If you help thanks a lot and if not then have a great day! / Wallet: / 1...' by /u/layingerflet removed from /r/Bitcoin within 108-118min
04-29 02:03 - 'Trying to raise 0.01 BTC for my cousins birthday, my family has no clue how to buy bitcoin so could someone halp us out. It's only like 50 dollars. If you help thanks a lot and if not then have a great day! / Wallet: / 1...' by /u/layingerflet removed from /r/Bitcoin within 228-238min
02-18 04:04 - 'Btc is going to be worthless in the same way that a Canadian dollar is worthless in the US. Keep trading your fantasy coins while btc channels to the 100s. this is delusion land. Nothing more than people looking to get rich qui...' by /u/meatre12 removed from /r/Bitcoin within 1-11min
''' Btc is going to be worthless in the same way that a Canadian dollar is worthless in the US. Keep trading your fantasy coins while btc channels to the 100s. this is delusion land. Nothing more than people looking to get rich quick under the guise of “groundbreaking technology”. Half the ppl in this sub couldn’t even begin to explain what it is exactly they have thrown their money at. Blockchain itself is groundbreaking these bullshit magic tokens are not. The corporations will exploit blockchain in their own ways the average person had their chance to get rich in 2017 and there may be more in the future but it will never surpsss it’s role of a bullshit pump and dump scheme. Put $1000 in btc in the off chance that it’s worth 10k someday and put your money into something real ''' Context Link Go1dfish undelete link unreddit undelete link Author: meatre12
[Voorhees] Bitcoins inflation schedule is set for the next 100 years: transparent, unwavering, and known to all parties. US Dollars inflation schedule is unknown even 1 year out: opaque and manipulated quarterly. One model mathematical & civilized; the other political & antiquated.
If 1 bitcoin is worth $2000+ uS Dollars, how is this possible to make small(er) online purchases?
So if one Bitcoin is worth thousands of US dollars, and I'd like to purchase something with Bitcoin, and that somethin costs only let's say $100, how is it possible to facilitate this transaction with Bitcoin when Bitcoin is worth a lot more?
How many times would the price of bitcoin have to double to reach the $1 trillion market cap of the US dollar?
Bitcoin just passed $1b market cap and is now hovering slightly below it, gathering strength for the next price surge no doubt. Just for fun, let's do a quick thought experiment on long-term potential, and ask how many times would the price of bitcoin have to double in order to match the market cap of just physical dollars out there in the US, not even counting credit and loans and the like. According to the Federal Reserve:
"There was approximately $1.18 trillion in circulation as of March 20, 2013, of which $1.13 trillion was in Federal Reserve notes."
At today's current price of $88, and $1b market cap, let's see what the price reaches should bitcoin one day hit $1 trillion in market cap. First, how many times do we have to double the market cap to reach $1 trillion. Well $1 billion is a thousand times less than $1 trillion, so let's double the market cap till we get there:
$1 b (initial value)
$2 b (once doubled)
$4 b (twice doubled...)
$1,024 billion or $1 trillion+
So, ten doubling periods. Holding the number of bitcoin constant at ~11 million, and also holding inflation of the USD at 0%, let's now double the current price 10 times and see what the price of bitcoin would have to be if it replaced the dollar in the US economy:
$88 doubles to...
$176 (one doubling period complete)
$90,112 (10th doubling)
Per bitcoin. Sound unbelievable? Well, it is. We have to factor in the increase in the number of bitcoin over the next several years. In the next four years, 5 million new bitcoin will be mined, putting us at 16 million, then about 2 million more during the four years after that, leaving us with 18 million bitcoin. At 16 million btc, the $1t market cap figure leaves us with a final price of $62,500 per bitcoin. The 18m figure puts us at $55,555 per. And if you figure in inflation, this figure will be higher, possibly much higher if you assume mild to high inflation in the near future (though the purchasing power of bitcoin will not be impacted by dollar inflation). If you thought that projection was nuts, here's a figure that should scare you completely. The world supply of currency, valued in dollars, is 60 times the $1 trillion US dollar figure! (that's 6 more doubling periods!) Some $60 trillion dollars are needed, every year, worldwide, to serve the entire world economy. I'm not even gonna do the math on that (mebbe someone else will). But if the world adopts bitcoin rather than just the US, $55k per bitcoin will look like a paltry sum in comparison. I expect some people will immediately scoff at projections like this. Call me a wild-eyed fanatic, say it's impossible, it'll never happen, fine! I have only sketched out a plausible scenario, not said with what likelihood this is going to happen! I make no guarantees about price or where it will go! I just say that if the whole world chose bitcoin, here's what the price goes to. One thing I do know: This ride has just begun. And now you've had a peek at how deep the rabbit hole goes.
Need a sanity check here people. I used to be able to ask siri "what is the price of bitcoin" and she would give it to me. I also remember distinctly asking many times "siri, convert x bitcoin to US dollars" and she would do the conversion for me. Is my Siri acting up or did Apple remove that knowledge/ability from siri because now she'll just pull up google.
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