Anyone here part of "1 million club"? - page 4.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: actmyname on January 27, 2016, 12:51:23 PM

Quote from: AtheistAKASaneBrain on January 27, 2016, 12:11:15 PM

Quote from: 7788bitcoin on January 25, 2016, 03:20:05 AM

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

Well I think its really relevant. You can own 1 satoshi, and you would be part of the bitcoiner club, but I don't think that's remarkable. Owning 21 BTC puts you in a super elite, but since it's still not a lot of money (I mean it is for me and most of us, but in the grand scheme of things 8.278 USD is nothing) we don't really value what owning 21 BTC means in the future.

Although in the grand scheme of things 8278 is not much, for most people they don't have enough belief in the rise of bitcoins. Even if they talk about it, a guaranteed rise in price is not there, and we should understand that in the moment they may not want to spend 8 grand on bitcoins.

Early miners are probably feeling pretty great, though.

Yeah but that's the thing, we are so early in the game, that we should feel good since we are still qualifying as early adopters, and at the same time, 8 grand is very prohibitive for most people, so there isn't that big amount of people that can afford 8 grand worth fo bitcoin to enter that club, BUT there are a ton of fiat out there, because there are a ton of fiat whales. What im saying is, no matter what, few people will be part of 1 million club from now on, because entry price is too high now (but at the same time still doable if you are committed).

onlinedragon

hero member

Activity: 1036

Merit: 501

It's not that easy to earn 21 Bitcoin. Don't think I'll ever reach that amount or I must be really lucky. Think it feel great when you just earned that.

quadriple7

sr. member

Activity: 252

Merit: 250

i dont have any bitcoins right now unfortunately and i will surely not have anything near 21 bitcoin in the future in my opinion, though hopefully i will manage to hit it one day

lexuz

hero member

Activity: 714

Merit: 500

Me, myself and I

i don't have 21 btc when i know about bitcoin, price is already high. i already try many ways to get many bitcoin but the best i've is only 1 btc.

makingwin1

full member

Activity: 238

Merit: 100

i dont have 21 bitcoin, i dont even have one bitcoin so im pretty much far away from this goal i guess, though i will start saving it to one day hit this achievement

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: ingiltere on January 27, 2016, 12:51:13 PM

I don't have 21BTC but I have 0.21BTC does it count? Grin

I think we have still time to collect 21BTC because price won't go anywhere crazy soon. If you project 2030 something to retire you can start collecting slowly right now.

If you didnt gathered that much with your hero account, then it will be very hard now.

Sig campaign payouts will probaly halve with the bitcoin halving, and it will be slower and slower to gather bitcoins.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: AtheistAKASaneBrain on January 27, 2016, 12:11:15 PM

Quote from: 7788bitcoin on January 25, 2016, 03:20:05 AM

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

Well I think its really relevant. You can own 1 satoshi, and you would be part of the bitcoiner club, but I don't think that's remarkable. Owning 21 BTC puts you in a super elite, but since it's still not a lot of money (I mean it is for me and most of us, but in the grand scheme of things 8.278 USD is nothing) we don't really value what owning 21 BTC means in the future.

Although in the grand scheme of things 8278 is not much, for most people they don't have enough belief in the rise of bitcoins. Even if they talk about it, a guaranteed rise in price is not there, and we should understand that in the moment they may not want to spend 8 grand on bitcoins.

Early miners are probably feeling pretty great, though.

ingiltere

legendary

Activity: 2982

Merit: 1485

I don't have 21BTC but I have 0.21BTC does it count? Grin

I think we have still time to collect 21BTC because price won't go anywhere crazy soon. If you project 2030 something to retire you can start collecting slowly right now.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: 7788bitcoin on January 25, 2016, 03:20:05 AM

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

Well I think its really relevant. You can own 1 satoshi, and you would be part of the bitcoiner club, but I don't think that's remarkable. Owning 21 BTC puts you in a super elite, but since it's still not a lot of money (I mean it is for me and most of us, but in the grand scheme of things 8.278 USD is nothing) we don't really value what owning 21 BTC means in the future.

Pollak

full member

Activity: 182

Merit: 100

Pollak

I wish I would be a part of the 1 million club. But I have only 1 Bitcoin so maybe in 10 years.
But I think if you have a good job and a few Bitcoins you can be later a millionaire.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: 7788bitcoin on January 25, 2016, 03:20:05 AM

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

You're right.Being part of Bitcoin or not should be the only thing that matters.The community is still very small and we should stick together and support and help each other as much as we can to move forward.But reality is a bit different and people tend to compare themselves with each other and therefore often try to be better than the other one.
This is a bit like: "My house, my car, my boat, my wife, my children!What do you have?".

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: rtrtcrypto on January 26, 2016, 09:13:41 AM

There is NO way in which BTC could skyrocket in use/popularity/adoption and not see a massive price rise. If we went to hundreds of millions of users or billions of users (or trillions in the case of IoT), there would be a massive spike in the price (10,000+% up from here would be extremely doable). The value of the network is tied to its use - price will track around whatever that value is. There is a question of what sort of networking power law BTC would track once it matures, but, I'm pretty confident it will scale in a pretty explosive way (if they get the scaling right).

Quote from: K128kevin2 on January 25, 2016, 10:10:18 PM

Quote from: pereira4 on November 18, 2015, 01:06:12 PM

You don't understand how mining works:

There will be halvings until 2140... it's just that at around 2030 the coin reward will be so small that the total supply will be mostly mined, but not 100% mined until 2140. By 2030 anyone holding 21 BTC+ will be RICH.

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing. In fact, it's bitcoin's volatility and tendency to skyrocket/crash which is preventing it from gaining more widespread adoption.

the minimum value alone to sustain the network, and not allowing the diff to decrease, which also mean that the miners need the same profit as it is right now, is 100x the current fee

so this mean that the value by the end of the mining and the begin of the mining fee era should be 100x higher, if number of tx are the same

i'm expecting nothing less than 5k-10k range by the 2028 halving

praprata

sr. member

Activity: 420

Merit: 250

I really wish that I was part of the 1 million club. But maybe after 5 years I am.
I really invested in it. So I hope it's worth.

mcplums

full member

Activity: 146

Merit: 100

Quote from: rtrtcrypto on January 26, 2016, 09:13:41 AM

There is NO way in which BTC could skyrocket in use/popularity/adoption and not see a massive price rise. If we went to hundreds of millions of users or billions of users (or trillions in the case of IoT), there would be a massive spike in the price (10,000+% up from here would be extremely doable). The value of the network is tied to its use - price will track around whatever that value is. There is a question of what sort of networking power law BTC would track once it matures, but, I'm pretty confident it will scale in a pretty explosive way (if they get the scaling right).

+1

mcplums

full member

Activity: 146

Merit: 100

Quote from: K128kevin2 on January 25, 2016, 10:10:18 PM

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing.

Please please elaborate on this because it doesn't make any sense to me at all

rtrtcrypto

hero member

Activity: 627

Merit: 500

There is NO way in which BTC could skyrocket in use/popularity/adoption and not see a massive price rise. If we went to hundreds of millions of users or billions of users (or trillions in the case of IoT), there would be a massive spike in the price (10,000+% up from here would be extremely doable). The value of the network is tied to its use - price will track around whatever that value is. There is a question of what sort of networking power law BTC would track once it matures, but, I'm pretty confident it will scale in a pretty explosive way (if they get the scaling right).

Quote from: K128kevin2 on January 25, 2016, 10:10:18 PM

Quote from: pereira4 on November 18, 2015, 01:06:12 PM

You don't understand how mining works:

There will be halvings until 2140... it's just that at around 2030 the coin reward will be so small that the total supply will be mostly mined, but not 100% mined until 2140. By 2030 anyone holding 21 BTC+ will be RICH.

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing. In fact, it's bitcoin's volatility and tendency to skyrocket/crash which is preventing it from gaining more widespread adoption.

Rizky Aditya

hero member

Activity: 700

Merit: 500

Quote from: willope on January 22, 2016, 07:30:16 PM

Quote from: DrLove2048 on January 22, 2016, 05:22:25 PM

I'm part of the 100k club... and lets be real thats where all the cool people are at any way

Well, I am in the ONE club. I have 21 millions of btc. So compared to me, you are a little ant. Cool

Yeah and I definitely believe you. You are the only person in the world with BTC. Doesn't make any sense.

K128kevin2

sr. member

Activity: 322

Merit: 250

Quote from: pereira4 on November 18, 2015, 01:06:12 PM

You don't understand how mining works:

There will be halvings until 2140... it's just that at around 2030 the coin reward will be so small that the total supply will be mostly mined, but not 100% mined until 2140. By 2030 anyone holding 21 BTC+ will be RICH.

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing. In fact, it's bitcoin's volatility and tendency to skyrocket/crash which is preventing it from gaining more widespread adoption.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

I wish I`d be, unfortunately, i say here that I`m not part of it.

However donate me 17 BTC to the address in my profile and then you will help be be in the club Cheesy

7788bitcoin

legendary

Activity: 2282

Merit: 1023

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

Topic: Anyone here part of "1 million club"? - page 4. (Read 12294 times)