Bitcoin is pretty expensive right now. Does owning one Bitcoin mean alot? How long will Bitcoin last? Thoughts? Thanks
It's about 8k usd... it doesn't expire.
Means two things: Jack & shit
I'm sure the guys who bought it at $100 a piece said the same...
Why do you have to buy one? Just buy fractions of it.
In the long term, there won't be more than 21 million people in the whole world who can have more than 1 Bitcoin, so there's your answer. It's here to stay, don't be on the wrong side of the history!
It's actually cheap right now if you compare with the recent high @13k. If you are thinking to own some, now is definitely the time Also it does not ever expire. Keep your private key secured and it will always be with you
It may not expire but it sure as hell can get lost.
This is where you get serious about not losing it. Get cold storage and store your monthly purchases on it in a fire safe. Write down the keys / passwords / unlock phrases and deposit them in a safety deposit box at the bank. Think about the fact that even though you're paying $10,000 for an asset today, it may be worth $1M in 10 years, and treat it as such. Disclaimer: it could also be $0 in 10 years, don't pull a 2nd mortgage just yet.
Buy bitcoins as many as you can now. You won’t need 401k in 10 years.
And remember to store them in offline wallet like Ledger Nano
How long will bitcoin last? Good question. It doesn't "expire", but it depends on when practical quantum computers become available. Bitcoin uses SHA256 for encryption (a trashy stupid choice) and it can be easily brute force attacked by sufficient quantum computing. It's only a matter of time before someone uses a quantum computer to decrypt all the bitcoin private keys and gain access to all the coins. This is the biggest risk to the existence and value of bitcoin. Speculate, not long term hold (countrary to many of the "HODL" believers). Quantum computers will still take years to come, and in this period bitcoin will stay. Take advantage of this finite time window.
Heard there is active work going on to develop quantum blockchains which would be resistant to quantum computers
Once SEC approves the ETF (which will eventually happen but by when is anyone’s guess) you will see price appreciation in multiples from current level
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If you don't have 1M bitcoins by now, you have failed in this thing called life.