Pages:
Author

Topic: 1 in a million (updated for 2018-6) - page 6. (Read 6398 times)

hero member
Activity: 882
Merit: 500
February 17, 2017, 06:33:48 AM
#58
well I do have 0.21 bitcoin which means I am 1 in a 100 million  Grin that also sounds good. wish I too had been there in bitcoin world since 2010 so that I would now have bitcoin which would be in figure of few million dollars.
member
Activity: 94
Merit: 10
February 17, 2017, 06:14:44 AM
#57
I think the cost of bitcoin at the All Time high in late 2013 and early 2014 is as high as now, about $1000/BTC.

bitcoin only stayed above $800 for 11 days even during the bubble, so it was mostly cheaper
sr. member
Activity: 280
Merit: 250
February 17, 2017, 06:10:59 AM
#56
sound prity good to know that having 21 bitcoin will make the owner 1 in a million and he will be owner of about $10500. I wish i had joined bitcoin network in back 2010 then definitely now i would have been the owner of such high amount of money.
sr. member
Activity: 280
Merit: 250
February 17, 2017, 06:07:05 AM
#55
sounds prity good to know that having 21 bitcoin will make the owner 1 in a million and he will be owner of about $10500. I wish i had joined bitcoin network in back 2010 then definitely now i would have been the owner of such high amount of money.
legendary
Activity: 1442
Merit: 1014
February 17, 2017, 05:38:05 AM
#54
You don't need to own 21 bitcoin to be a 1 in a million.As you said and we all know bitcoin total supply is 21 million so even if you have 1 btc ,you are 1 in a million.Lucky are those who have more than 1 btc but everyone who owns even 1 btc today is lucky

No when you own 1 BTC you are 1 of 21 million! Theoretically 21 million people could own 1 BTC each!
And 1 million people could own 21 BTC each!
That's what 1 in (of) a million here means! People see this as some kind of elite club,group or privilege they would like to be part of.
hero member
Activity: 910
Merit: 525
February 17, 2017, 03:30:42 AM
#53
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
February 17, 2017, 03:09:45 AM
#52
Most of the people here are 1 in a Billion.. Grin Grin
As a matter of fact, I was one in a Million at one time. Won't regret selling it coz I made a good profit of my Bitcoins and used them in an emergency. Right now it is very tough to hold that many Bitcoins as the value is too damn high to purchase. Shocked
hero member
Activity: 2646
Merit: 686
February 17, 2017, 02:34:48 AM
#51
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
February 17, 2017, 02:17:29 AM
#50
You only need 0.021BTC to be.. 1 in a BILLION!!  Grin

haha, we are getting there. soon people will start dreaming of buying 0.021BTC because that much is worth $1000

You don't need to own 21 bitcoin to be a 1 in a million.As you said and we all know bitcoin total supply is 21 million so even if you have 1 btc ,you are 1 in a million.Lucky are those who have more than 1 btc but everyone who owns even 1 btc today is lucky

1 million people having 21BTC each is 21,000,000 total (max number of coins available) hence 1 in a million. it is also sometimes called "a Million Club"
having 1BTC today, is great but it is not 1 in a million.

Example -- the zimbabwe dollar had a good run awhile ago.

there are lots of things that have good movements and are good potential investments but not many of them are offering as many features as bitcoin and not many have been rising for 8 years.

p.s. Zimbabwe dollar? seriously Smiley
sr. member
Activity: 294
Merit: 250
February 17, 2017, 01:54:45 AM
#49
I first heard about bitcoin in 2014 and I regret not utilizing it that if I bought 21 btc at that time, I would have probably millions worth of bitcoins right now 😔
legendary
Activity: 2562
Merit: 1441
February 16, 2017, 11:32:04 PM
#48
Bitcoin's uptick is impressive.

Many wish they bought bitcoins when they were cheap.

Sometimes its good to remember there are other currencies and opportunities out there which offer similar success to early adopters of btc.

Example -- the zimbabwe dollar had a good run awhile ago.

 Smiley


hero member
Activity: 518
Merit: 500
February 16, 2017, 05:56:58 PM
#47
You don't need to own 21 bitcoin to be a 1 in a million.As you said and we all know bitcoin total supply is 21 million so even if you have 1 btc ,you are 1 in a million.Lucky are those who have more than 1 btc but everyone who owns even 1 btc today is lucky
legendary
Activity: 3542
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
February 16, 2017, 05:44:37 PM
#46
Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..


I do not know the extra benefits of having 21 BTC why you are telling them lucky.  It is not thru luck but effort and belief in Bitcoin that they hold more than that 21 BTC.  We can also strive for it,  let us just save part of the BTC we earned from our works and profits.  I can say it would be nice if we can be one of those 1 million who have 21 BTC in stash.
Because there is a consideration of imaginary club which measures the eligibility criteria as holding one in millionth of total bitcoins. Being one person out of millions would be a privileged one in my opinion too when considering the total worlds populations of 7 billions. But only future bitcoin prices will decide whether they are lucky or not.

Those early adopters got chances to join club of 100/1000 or even into 10. In future people may consider a person to join a 10 million club. So, as of now it is still an achievable milestone yet has some prestigious considerations.
legendary
Activity: 1232
Merit: 1091
February 16, 2017, 05:20:47 PM
#45
Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..

It's still possible to reach the 21 bitcoin dream with hard work and dedication. The mere fact that you know about bitcoin already, puts you before a lot of people that will come later. So use your knowledge to keep hustling for more bitcoin. Work in mcdonalds if you need to to buy extra bitcoin. Defeat is not an option, we must work hard to reach the 21 btc dream, otherwise will always regret not getting up to 21 when it was still possible.

No matter how hard people work, for a lot people here it's simply impossible to own that many coins. Especially if you have to start from scratch. At current levels a lot people will find themselves struggle to even collect 1 whole Bitcoin, and as years go by where the price continues to increase, it will only become more difficult. That's why it's important to just focus on collecting and buying what you can afford. Question to you, how far are you in reaching 21 BTC?
hero member
Activity: 2590
Merit: 644
February 16, 2017, 05:12:10 PM
#44
Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..

It's still possible to reach the 21 bitcoin dream with hard work and dedication. The mere fact that you know about bitcoin already, puts you before a lot of people that will come later. So use your knowledge to keep hustling for more bitcoin. Work in mcdonalds if you need to to buy extra bitcoin. Defeat is not an option, we must work hard to reach the 21 btc dream, otherwise will always regret not getting up to 21 when it was still possible.
Yes, Anything is possible if we just have great dedication or determination then if we have that, we will have a great amount of eagerness to do the things that we seem hard for us to do and try the things that we didn't tried. If you can't earn that 21 btc here in forum then buy that 21 btc, how? work outside the internet and find part time job which offers fair amount and then after a few weeks, buy bitcoin piece by piece then somehow you were be able to build that 21 btc dream.
legendary
Activity: 1204
Merit: 1028
February 16, 2017, 02:42:33 PM
#43
Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..

It's still possible to reach the 21 bitcoin dream with hard work and dedication. The mere fact that you know about bitcoin already, puts you before a lot of people that will come later. So use your knowledge to keep hustling for more bitcoin. Work in mcdonalds if you need to to buy extra bitcoin. Defeat is not an option, we must work hard to reach the 21 btc dream, otherwise will always regret not getting up to 21 when it was still possible.
legendary
Activity: 2884
Merit: 1258
February 16, 2017, 01:57:38 PM
#42
Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..


I do not know the extra benefits of having 21 BTC why you are telling them lucky.  It is not thru luck but effort and belief in Bitcoin that they hold more than that 21 BTC.  We can also strive for it,  let us just save part of the BTC we earned from our works and profits.  I can say it would be nice if we can be one of those 1 million who have 21 BTC in stash.
hero member
Activity: 1358
Merit: 622
Maintain Social Distance, Stay safe.
February 16, 2017, 01:49:26 PM
#41
Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..
legendary
Activity: 1918
Merit: 1728
February 16, 2017, 01:45:37 PM
#40
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

Who knows lamenting behind $21k today is restricting us to be one in million of tomorrow having 21 BTC worth $21m. Cheesy
 Bitcoin is most volatile investment I have ever seen. Anything can happen. By the way, nice study.
legendary
Activity: 868
Merit: 1004
February 16, 2017, 01:38:20 PM
#39
considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  Smiley

One in a million as OP pointed out is usually about having the amount out of the total supply not the current supply. currently it is 16+ million coins and it is rising by about 1800 bitcoins every day. so if you want to consider the current available supply you need to increase the amount you hodl every day.

OP have included this part --> (ignoring the number of coins lost) on purpose. The statement will be even stronger if you factor in the lost coins,

but nobody knows how many coins are lost, so for that reason he has left that out. It is still a huge accomplishment if you can acquire the 21

bitcoins are become part of a small group of people who has done that.  Wink

Not only that, but the fact that, logically, and statistically, more and more coins will keep getting lost in the crypto void forever. Mistakes happen, mistakes are unavoidable. People will keep losing their hard drives due malfunction, they will keep losing their cold wallets in fires/whatever, they will keep forgetting password... never ending possibilities to fuck up, which is good news for the ones that don't.

I would estimate that at least 1 million coins are lost forever already, and not including satoshis coins.

Then, add in the deflation rate due the constantly lost coins.

The result: In 10 to 20 years 21 BTC holders will be inflation adjusted USD millionaires.
Pages:
Jump to: