1 in a million (updated for 2018-6) | Bitcointalksearch.org

Bittoshi

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Quote from: davis196 on February 15, 2017, 01:54:15 AM

I wish i started mining and bying bitcoins back in 2010 like the early adopters.
I was pretty stupid at that time. Angry

I don`t know what`s the point of this "research"?Do you have 21 btc?
I will never have 21 bitcoins.

Same goes for me. I wish I would have at least tried to download the whole blockchain (there was no light client back in that time) and start to mine a few Bitcoins when it was still possible with a single PC. Now its too late and we should focus on trading BTC or good alt coins.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

2018 is already here and with this post I will update this topic with the 6 months price to be "1 in a million". things have been crazy in the past 6 months and we have had a huge rise and a large drop afterwards but things are still going up and it becomes harder to be that 1...

Date	\|	21BTC cost
2015	\|	$5,670
2016	\|	$12,117
2017-1	\|	$21,000
2017-6	\|	$50,400
2018-1	\|	$294,000
2018-6	\|	$???

DaedRik3

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Activity: 121

Merit: 100

This world is becoming crazy !

145 131$ today !!

logicgate

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Merit: 252

Quote from: DaedRik3 on October 30, 2017, 08:48:43 AM

Pretty funny today when you know it worth more than 125 000$ Grin

Bitcoin is so impressive that everyone is rushing toward it and the price you are talking about 12500$ that will also be achieved as now price is at 6.1k and more of it the user trend is all toward bitcoin and this difference will be soon captured as many of countries are thinking about to accept it by seeing its advantages there will be more investor in future that will bring price to the high points, it will be awesome.

xskl0

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Activity: 378

Merit: 260

Bitcoin SV is Bitcoin

Quote from: xskl0 on April 27, 2017, 08:37:38 AM

This post should be updated.

Price of 21 BTC today : 27000$

129.000$ today. WTF

DaedRik3

full member

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Merit: 100

Pretty funny today when you know it worth more than 125 000$ Grin

tryer12

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Merit: 10

I find this really amusing and amazing at the same time.

aesma

hero member

Activity: 2604

Merit: 961

fly or die

I've changed my mind and now want to be 1 in a million soon. I've sold part of my shares in the stock market and am buying BTC in the dips. 21BTC planned for one month from now.

MingLee

hero member

Activity: 490

Merit: 520

Well, I wish I could be one of the million but I don't think that I'll ever reach a point like that, maybe if I get lucky sometime in the future but it is doubtful at best to be completely realistic.
I don't think there will be a million people with 21 BTC though, especially considering the weird distribution of it. Maybe 500,000, maybe less than that. If I was able to be in that group by now I'd be happy, but I guess I just have to take what I can.

Barbarian

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Activity: 728

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Quote from: neochiny on June 03, 2017, 01:37:34 AM

Got to this thread from a link on another. https://bitcointalksearch.org/topic/m.19203230
Good thing I did.

Thanks for this! I mean it. Woke me up.

Quote from: Pursuer on February 15, 2017, 01:24:15 AM

being one in a million is one of those interesting topics in bitcoin if you ask me. we all know that there will only be 21 million maximum bitcoins available (ignoring the number of coins lost).

so if you have 21 bitcoins you can be one in a million.

now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.

The following is the cost of being 1 in a million throughout the past years.
* bubbles are ignored and price is average

Year	\|	21BTC cost
2008-2010	\|	Practically free!
2010	\|	$3.7
2011	\|	$84
2012	\|	$188
2013	\|	$2,200
2014	\|	$9,030
2015	\|	$5,670
2016	\|	$12,117
2017	\|	$21,210 Today's price (2017-2)

I've been dillydallying for the past month, but seeing this yearly Bitcoin average price. Wow.
I mean, why didn't I think of that? Couldn't see the bigger picture. It's not about the weekly, or the monthly price. Long term is what's important.
Again, thanks.

Long term always trumps it all, this is why people that have held bitcoin from the beginning are not selling why should they, they are in the best investment of all time.

aesma

hero member

Activity: 2604

Merit: 961

fly or die

But how long would you be 1 in a million ?

I have more than 10BTC and am probably already 1 in a million, because of Bitcoin distribution (lots of whales). I hold to my coins for now, buy some more, lend some, trade some, 21BTC is surely a goal, 42BTC another, but at some point, when what BTC I have will be worth a lot of fiat, let's say about 1 million $/€, then I will probably sell most of it. So I will no longer be 1 in a million BTC owners. Instead I will be one young retired man in a nice beach house someplace remote.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Being one in a million is the long time expectation of every bitcoin user as the generation of bitcoin is quite limited. Hope the price increase continue for a long time. Possibly I'll earn as much possible and my target is to have 21 btc in my wallet and be the one among the 21 million.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Got to this thread from a link on another. https://bitcointalksearch.org/topic/m.19203230
Good thing I did.

Thanks for this! I mean it. Woke me up.

Quote from: Pursuer on February 15, 2017, 01:24:15 AM

being one in a million is one of those interesting topics in bitcoin if you ask me. we all know that there will only be 21 million maximum bitcoins available (ignoring the number of coins lost).

so if you have 21 bitcoins you can be one in a million.

now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.

The following is the cost of being 1 in a million throughout the past years.
* bubbles are ignored and price is average

Year	\|	21BTC cost
2008-2010	\|	Practically free!
2010	\|	$3.7
2011	\|	$84
2012	\|	$188
2013	\|	$2,200
2014	\|	$9,030
2015	\|	$5,670
2016	\|	$12,117
2017	\|	$21,210 Today's price (2017-2)

I've been dillydallying for the past month, but seeing this yearly Bitcoin average price. Wow.
I mean, why didn't I think of that? Couldn't see the bigger picture. It's not about the weekly, or the monthly price. Long term is what's important.
Again, thanks.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

As promised the 6 months updates of the cost of being 1 in a million (also see the full updated table in OP):

Date	\|	21BTC cost
2016	\|	$12,117
2017-1	\|	$21,000
2017-6	\|	$50,400
2018-1	\|	$##

Barbarian

sr. member

Activity: 728

Merit: 250

Quote from: Pursuer on February 15, 2017, 01:24:15 AM

being one in a million is one of those interesting topics in bitcoin if you ask me. we all know that there will only be 21 million maximum bitcoins available (ignoring the number of coins lost).

so if you have 21 bitcoins you can be one in a million.

now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.

The following is the cost of being 1 in a million throughout the past years.
* bubbles are ignored and price is average

Year	\|	21BTC cost
2008-2010	\|	Practically free!
2010	\|	$3.7
2011	\|	$84
2012	\|	$188
2013	\|	$2,200
2014	\|	$9,030
2015	\|	$5,670
2016	\|	$12,117
2017	\|	$21,210 Today's price

when you look at things like that, they seem pretty ridiculous that once you could be 1 in a million with only 3 bucks but today you have to pay 21 grand to be 1 in a million

Great thread, it will come to the point the average person will not be able to hold 21 bitcoins, I’m sure that for the person in the third world trying to get 21 bitcoin at the current price is going to prove very difficult if not impossible.

DoublerHunter

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Merit: 644

Quote from: doaremon on April 27, 2017, 09:21:06 AM

This is really interesting! I never thinkike this. Those who started mining and buying earlier, is so lucky. But the thing is I can never own 21 btc. Cry

You can own 21 bitcoins, it is not too late to collect and accumulate a lot of bitcoins because bitcoin is just getting started in the market and it is still a young currency, sooner or later we will see a 2k price for bitcoin in USD rate, so if i were you, i will work hard and earn bitcoins as much as a can even not that 21 bitcoins but at least 1 bitcoin.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: xskl0 on April 27, 2017, 08:37:38 AM

This post should be updated.

Price of 21 BTC today : 27000$

If I am to update the post each time price moves, then the first post will be 100 pages long in a month. however I have decided to update it at least twice a year, meaning every 6 month or so but probably will do it sooner because my main purpose in this topic is to show the long term change of price not each small swing that bitcoin has.

theunbeatable

sr. member

Activity: 546

Merit: 258

I could either watch it happen or be a part of it

They are the legends. The early ancestors in Bitcoin that has been in the early stages. I've heard about Bitcoin in the documentary called the " Deepweb ". But I just started to be part of this community when a friend explained me what he is doing online. Even if he's just one year ahead of me. The difference in our experiences and our wallet is so vast. I think that because this is the golden age of development of cryptocurrencies and the rapidly increasing of value of the Bitcoin. I've said rapidly because we're lucky that Bitcoin even clock to 1200 $ while gold takes a decade to grow value.

One in a million is a term itself of being one in a million. It's a combination of hard work, luck, persistent, patience and being early on this. Don't weep because you started late. And I feel so late too, but I'm doing my best to catch up to these and be part of this revolutionary and evolutionary change.

doaremon

full member

Activity: 532

Merit: 100

This is really interesting! I never thinkike this. Those who started mining and buying earlier, is so lucky. But the thing is I can never own 21 btc. Cry

paul gatt

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Activity: 896

Merit: 500

Quote from: Dorky on April 27, 2017, 07:13:52 AM

I wouldn't mine nor invest in bitcoin even if i get to travel back to the past (with memory loss), because at that time bitcoin was simply worthless and useless except to buy some cheap unbranded dried meat called bitjerky made by a joe six-pack.

It is a crazy thought, if you can travel time, you should store it and use it for the future, because then the bitcoin carries a very low value, it is even equal to 1/6 present value. If you store bitcoin in the past, you will become an extremely wealthy at the present time. However, it is only wishes that never happen.

Topic: 1 in a million (updated for 2018-6) (Read 6458 times)