158. BitGold Scarcity
All Basic Income Members get 10 Global daily. Those are used to buy BitGold and BitGold can be exchanged to local currency. BitGold starts with the price of 1 Global and for each BitGold that is bought, the price goes up 0.000 001 Global. For each million BitGold that is bought, the price goes up 1 Global.
The Basic Income gives you a daily income for all your life and it is adding up to more than a million dollar during a lifetime. Because of this, I firmly believe that all people in the world will join us within ten years.
When the price of BitGold is low, it is easy to turn your daily Global into new BitGold but as the price is rising, it becomes more and more difficult to possess new BitGold.
If we look at it in a ten years perspective, we know that 90% of the members will join only after 5 years. They will join when it is very difficult to buy a BitGold and when BitGold has a high price and value.
Here is a table that shows a simulated development of BitGold price over the next ten years and it shows how many BitGold we can earn per year. You will see that the first year is clearly superior to all the ones that follows and that the early members has a tremendous advantage over the late joiners.
The numbers refer to the Year, Price of BitGold and how many BitGold we can get per year.
1 1 3650
2 3 1217
3 10 365
4 30 122
5 100 37
-------------------------------------
6 300 12
7 1000 4
8 3000 1
9 10000 0
10 15000 0
If we add the numbers we can see that a member can earn 5391 BitGold the first five years compared to 17 BitGold the last five years.
When all people in the world has joined us, one BitGold will be worth 150 000 dollar. One BitGold will cost 15 000 Global and I estimate that one Global will cost 10 dollar.
I write this post to show you how BitGold works and why you should keep them close to your heart. There will always be new members that are excited to sell their BitGold and get cash.
For those of you who are eager to read and learn, you will understand the better strategy. You will make good decisions and end up with many BitGolds in your wallet.
Read and learn every day. Knowledge is always valuable and especially when it comes to money. Best wishes!
All Basic Income Members get 10 Global daily. Those are used to buy BitGold and BitGold can be exchanged to local currency. BitGold starts with the price of 1 Global and for each BitGold that is bought, the price goes up 0.000 001 Global. For each million BitGold that is bought, the price goes up 1 Global.
The Basic Income gives you a daily income for all your life and it is adding up to more than a million dollar during a lifetime. Because of this, I firmly believe that all people in the world will join us within ten years.
When the price of BitGold is low, it is easy to turn your daily Global into new BitGold but as the price is rising, it becomes more and more difficult to possess new BitGold.
If we look at it in a ten years perspective, we know that 90% of the members will join only after 5 years. They will join when it is very difficult to buy a BitGold and when BitGold has a high price and value.
Here is a table that shows a simulated development of BitGold price over the next ten years and it shows how many BitGold we can earn per year. You will see that the first year is clearly superior to all the ones that follows and that the early members has a tremendous advantage over the late joiners.
The numbers refer to the Year, Price of BitGold and how many BitGold we can get per year.
1 1 3650
2 3 1217
3 10 365
4 30 122
5 100 37
-------------------------------------
6 300 12
7 1000 4
8 3000 1
9 10000 0
10 15000 0
If we add the numbers we can see that a member can earn 5391 BitGold the first five years compared to 17 BitGold the last five years.
When all people in the world has joined us, one BitGold will be worth 150 000 dollar. One BitGold will cost 15 000 Global and I estimate that one Global will cost 10 dollar.
I write this post to show you how BitGold works and why you should keep them close to your heart. There will always be new members that are excited to sell their BitGold and get cash.
For those of you who are eager to read and learn, you will understand the better strategy. You will make good decisions and end up with many BitGolds in your wallet.
Read and learn every day. Knowledge is always valuable and especially when it comes to money. Best wishes!