There will only ever be 21 million bitcoins! Why and how bitcoin and all cryptos are going up forever, and why people need Alt Coin crypto currencies beyond Bitcoin like Steem, Dash, ETH, etc!

in #bitcoin7 years ago (edited)

As of March 23, 2017 there are over 16.2 million Bitcoins total in the world, a new bitcoins gets mined every 3 minutes There can only ever be a total of 21 million bitcoins total!

Here is a graph of how many bitcoins from creation in 2009 to now, from https://blockchain.info/charts/total-bitcoins

With about 16 million bitcoins at about $1000 each, we have 16 BILLION dollars worth of bitcoin out there, not nearly enough to replace all the cash in the world, but we DO have other blockchains to use, like Dash, Ethereum, Steem, Zcash, Monero, and many many more, all with t he potential to have even more than bitcoins pre-set 21 million max bitcoins available on the bitcoin network

We can have a near infinite amount of finite crypto currencies! Haha well to be more accurate, we will continue to be able to create finite amounts of block chain currency coins, and like cash, theres only so much crypto currency to go around, only so many bitcoins, so people will create new blockchains or just mine the already existing ones! Alt coin cheap crypto currencies and up and coming new blockchain coins need to be invested in! Trade some of your steem if you have some to spare! or invest pocket change at a bitcoin atm Like I'm about to do and use that BTC to buy more alt coins, or Mine them! I couldn't get mining to work untill i found Minergate, the most userfirneldy crypto coin mining program (for windows mac and linux and android) I was able to mine coins and on my 2009 slow laptop that held me back from ever mining on any other pools but now I am finally able to mine many different coins from Monero(xmr) to Ethereum and ethereum classic, bytecoin, etc, I finally started mining and recently mined a few thousand bytecoins in a week and withdrew to my poloniex account no problem

You can signup for this easy to use mining program under me https://minergate.com/a/d582a3e158500d130a38afed its 100% free and lets you mine on your hardware and u can have it running on multiple devices and you just log in and click "start smart mining" its a one button start mining program! I would just recommend hardware mining to get some extra coins, may be worth some real money one day! And you can cloud mine bitcoin on minergate, for as little as a $3 contract, which I bought, and at the rate Ime at it will be about 1 year before I get 160% of my ROI, so in a year and a half Ill have doubled my $3 investment, but hey who knows the price of bitcoin could go way up and my small amount of bitcoin could be worth alot more! But Mining with hardware using minergate is the way to go, you can mine on all 4 of your quadcore cpu cores and all your GPU cores! Its really easy to use and makes mining fun, visually showing everything thats going on including a GUI wallet to make withdrawing the mined coin super easy...always works never had a problem, someone told me their anti virus recognized minergate as something to be quarantined but its just falsely recognizing minergate as a bitcoin mining torjan but minergate doesnt mine without you agreeing to it...I've never had a problem with it and neither has anyone else that I've read about, everyone has always been able to withdrawl and mine no problem!

Just login and your good! login from multiple devices and it combines them all for you! and I'm holding them because like every other cheap coin, people will be drawn to the cheap coins that you can still buy for fractions of pennies, and will eventually go up to pennies and then dollars and eventually just like bitcoin, my Bytecoins will be worth $1 then $100 then $1000 and just like bitcoin, everyone who bought bytecoin for example, when it was soc heap you could buy thousands of bytecoins for a dollar, well that happened with bitcoin and everyone who invested more than $1 ended up making a good chunk of change, and anyone who invested more than $10-$20 or even $100 of their own money ended up becoming a millionaire


(Bitcoin chart showing last month of prices,)
Bitcoin is at a great place to buy since it is down from $1300 all time high a few days ago to its cheap low $900 to $950 price which is so cheap and great time to buy bitcoin to use to buy more TEEM, Dash, Ethereum, Ethereum Classic (which is shooting up finally!) Monero(xmr), Zcash, Decred, and even smaller coins like Gollum, StorjXcoin, Siacoin, Burst, Nxtcoin, ShadowCoin, BitMark. BitShares, Stratis, Noblecoin, etc basically I diversify like 50% of my portfolio in the expensive value retaining coins like Dash, Ethereum, Zcash, Monero and then also buy a few pennies to a few dollars worth of the cheaper small crypto currency alt coins like the ones I listed above, basically crypto coins available on most exchanges, I use Poloniex and it's wide range of coins satisfies my crypto currency addiction just fine...It is reassuring if there is a market for them and there usually is or else there wouldnt be any trading of it on thge exchanges, and I can see obvious noticeable growth in coin volume and prices!

Bitcoins price is arbitrary, it doesn't care how "expensive" you as a human think it is...no it doesn't care, its price is arbitrary, and it will go to $10,000 and even 1 million dollars Us per bitcoin as we continue to experience inflation with fiat paper money AND as the globval bitcoin user base climbs from the current 1 million global users to 1 billion users and 1000 x $1000 is $1 million dollars per bitcoin!

We already have over 75% of total bitcoins already in circulation...Remember a new bitcoin is mined every 3 minutes but that number diminishes and miners get less and less as time goes on...so soon only 2 and then 1 bitcoin per second will be mined...and at this rate, with only 8 years from bitcoin's inception in 2009 to the current situation in 2017 we should finish mining those last 20-25% of total bitcoins in the next few years...

Like the Human Genome project mapping the human genome, bitcoins genome or "blockchain" will be fully mined and fully completed in a few short years! No more mining bitcoin, all that hardware will need to be switched to other crypto currencies and so every big bitcoin mining hardware owner or mining companyt needs to plan ahead for the day when the LAST BLOCKCHAIN for bitcoin is completed and they should automatically switch over the Ethereum or Dash or XMR or Zcash or even some of the cheaper coins like Litecoin, well bitcoin mining operations should plan ahead and decide what coin they will be mining when bitcoin is finished


(This chart shows how we are getting closer to 100% intrernet saturation with other google stats telling us we now have over 3.6 billion internet users out of 7 billion people. i will go off on a tangent now but on the planet Earth in 2017 we have over three times as many smartphones as people, with 4g, 3g or even a 2g edge mobile data network service available in almost every country now, we CAN get everyone online and send direct bitcoin payments as a food allowance to the 700 million chronically undernourished who shouldn't go to bed hungry every night since the problem is never a shortage of food but a lack of money to buy the food or land to grow it! Plus when we give these most hungry most needy people smartphones we give the poorest of the poor smartphones to use to post on steemit for cash, to find work, to DO work like captcha work or other automatic work they can do to get paid the small amounts they need to buy food....and seriously, an internet connected smartphone that comes with a decent camera can change the lives of the most poor people on earth, just imagine how happy they could become with this magic device that allows them to receive money for food and also allows them to have high quality entertainment...

 The hard part will be paying these peoples data bills but i want them to have free data and i want only electricity to be their biggest obstacle...if they cannot charge their phones with electricity where they live we should give them a couple cheap usb charging brick battery blocks and maybe even a solar panel to allow them to charge up their battery pack and smartphone in the daytime and use it all night without its battery dying....seriously you can do everything with a smartphone with android if its preloaded with everything you need like bitcoin software, photo manipulation and art and music apps and blogging apps etc, wikipedia offline, and offline maps, all should come on them preloaded, and that is just some more of my idea to help the worlds hungry with blockchain. HungerCoin etc $1 a day but imagine if that $1 actually got to the child directly on his smartphone bitcoin wallet!
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Hey man, you can create a hole new brand of LSD papers, with the images of the altcoins. "Do you have a Dash? "I'll take one Ether please". "Give some Lites for the party man!" :) Altcoins LSD LTD INC

nice that would be awesome! alt coin LSD yeah cuz u pay for it with bitcoins on the darknet! AWESOME! XMR Monero LSD paid for with Monero!

Bitcoin block time is 10 minutes not 3 minutes.

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