1 in a million (updated for 2018-6) - page 7.

Kprawn

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Quote from: BitcoinHodler on February 15, 2017, 05:19:10 AM

Quote from: Viscount on February 15, 2017, 03:08:38 AM

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

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

spartacusrex

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You only need 0.021BTC to be.. 1 in a BILLION!! Grin

rickadone

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Quote from: ilovefeetsmell on February 16, 2017, 09:30:37 AM

The Past is past and it will never come back.

But past will help you to predict the future. Being a holder of millionth of bitcoin must be a privileged experience, I have not enjoyed it.
Is there any theory that holding 21 bitcoins is more than enough for our rest of life to solve all financial needs ? Even if it is so, no one will be able to predict the exact time frame that to happen.

ilovefeetsmell

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The Past is past and it will never come back. Stick to our present life that what we had. Bitcoin price rise because we adopt it on our daily lives.

splitups

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it would be a feat, BUT an expensive one right now, with it valuing 21k's it would be expensive for anyone to purchase it unless you consider it a serious investment, Fun when seeing forum posts from 2010 and before when a BTC was so inexpensive "maybe like dogecoins now, lol"
Great to see the economy of BTC reaching such high feats, particularly for the ones who were here from the beginning.

allthingsluxury

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The growth of BTC has been insanely interesting to watch. The hype is not as much as it once was, but this is a normal development for these types of markets. The future is bright indeed!

cellard

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gentlemand

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Welt Am Draht

Quote from: Viscount on February 15, 2017, 03:08:38 AM

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

Don't forget the hoarders. There are a few people who have over 100,000. Chuck in lost coins too and realistically you might only need 3-5 BTC to be one in a million. A totally pointless stat but a bit of fun all the same.

LLec

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Quote from: Taki on February 15, 2017, 10:38:57 AM

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.

I also regret I didn't buy couple coins when I've just joined to bitcoin. That was last year ant the price was around 350-400$ per 1 BTC. But I think to make 21 bitcoins is not so big deal. I have heard that there is a company that pays year bonuses to it's workers in bitcoins and there are many options to make bitcoins basically. But at the same time everything in the economy should circle to stay fresh and high. If a million people will decide to start to save bitcoins till 21 point to be one in a million - it's gonna be collapse, for bitcoin for sure.

And which company would that be to pay their employees bonuses in bitcoin?
One of the big tech giants maybe? IBM, Amazon, Apple or any other one that doesn't accept bitcoin as a form of payment. This is usually how these big companies operate by giving their employees things that they do not or can not use. Just look at all those employee giveaways for e.of the.year with massages or hairstylist gift cards. They don't care about those things. Have you ever heard a company giving their employees gold bars for their year end bonuses or e.of the.year awards? Never cause they value those things higher than they do this cryptocurrency they usually do not have the knowledge to know what to do with in the first place.

Taki

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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.

I also regret I didn't buy couple coins when I've just joined to bitcoin. That was last year ant the price was around 350-400$ per 1 BTC. But I think to make 21 bitcoins is not so big deal. I have heard that there is a company that pays year bonuses to it's workers in bitcoins and there are many options to make bitcoins basically. But at the same time everything in the economy should circle to stay fresh and high. If a million people will decide to start to save bitcoins till 21 point to be one in a million - it's gonna be collapse, for bitcoin for sure.

greentea

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at least the trend is going up.

In 30-50 years the price of bitcoin may reach 1 million
http://www.newsbtc.com/2015/12/10/will-bitcoin-price-reach-1-million-us-dollars/

7788bitcoin

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I guess the OP is trying to highlight how difficult it is to predict the future and how valuable it is.

Could we now predict what the future price of bitcoin? I guess we can't as most people think the price will be $1010, and that's why this is the current price.

thisappointed

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Quote from: supergenics on February 15, 2017, 02:28:27 AM

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.

It is $1200 actually. I don't know how OP said that bitcoin's price have and will hit this prices that he have mentioned for 2017 and the rest. It would be nice if he said that "This will be the prediction of the bitcoin's price this 2017 and to the next years", I guess this would be more believable than what he have said.

Right now, the highest prediction for bitcoin is $1500, I don't know if bitcoin will really PUMP to this price, but let's all hope that it will, for us to get a huge profit, and for our being patient to be worthy.

lionheart78

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Quote from: Arcteryx on February 15, 2017, 09:05:48 AM

That is a nice way to put things in perspective.
I didn't think that owning 21bitcoins would be a one in a million sort of thing.
I got close to that at one time last year but then some bad investments caused me to not get there. Just a few bitcoins short.
But if I knew it was a one in a million to own that amount I would be tried harder to get to the amount needed to be able to feel that special. Grin

Well if it is too much for us to be one in a million, we can always strive for the lesser title like 1 in 21 million

It is still better than 1 in a billion.

Anyway i do not have regret to know Bitcoin late, it is not anyones fault and beside I entered Bitcoin community after the bubble of 2013 burst so it is still at $1000, and then take a hiatus at 2015 when bitcoin is at its low. Then came back when it is going up somewhere in the early 2nd quarter of 2016. It is not late to acquire at least 1 whole BTC so that even if we are not 1 in a million, we can be 1 in 21 million

NUFCrichard

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doomistake

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BrewMaster

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There is trouble abrewing

Arcteryx

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EtherSphere - Social Games

That is a nice way to put things in perspective.
I didn't think that owning 21bitcoins would be a one in a million sort of thing.
I got close to that at one time last year but then some bad investments caused me to not get there. Just a few bitcoins short.
But if I knew it was a one in a million to own that amount I would be tried harder to get to the amount needed to be able to feel that special. Grin

YuginKadoya

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Time can really tell the difference if something of someone has progress, well bitcoin came in an unexpected price that you would not imagine that it would be this big right now, well I think the time has a big influence and the value of bitcoin is this imaginably big right now well I can say bitcoin is a 1 in a million Cryptocurrency that stood to the test of time!

Mometaskers

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Unfortunately it's unlikely the price is ever going down to even just double of its lowest. Sadly I only learned about bitcoin last December. So yeah, sucks for me. 21 bitcoins is still something to aspire to but I find it unlikely for me. I'd probably need to work my ass off 24/7 hours to save up that much in 5 years. Minimum monthly wage here is around 1/5 of a bitcoin.

For us late adopters, we probably just need to spare a part of our monthly earnings and have it converted to btc. Sure, we'd be buying less and less each month as the price rises but at least whatever small amount we got would be worth much more after a year.

Topic: 1 in a million (updated for 2018-6) - page 7. (Read 6447 times)