Author

Topic: Exponentially (Read 325 times)

hero member
Activity: 1036
Merit: 514
September 03, 2017, 11:01:10 AM
#5
Since 2009? Technically, Bitcoin was worth $0 in 2009 during the beginning of its existence and the highest price in 2010 was just $0.39
Bitcoin doubled around 12x, from $1 to $4448. Then, if you buy BTC1 right now, waiting it doubled 6 times, it would be $284,672.
At least you need BTC10 to make you rich in the future, maybe bitcoin could reach over $200K in 10 years later, who knows Huh
legendary
Activity: 994
Merit: 1000
September 03, 2017, 10:20:40 AM
#4
Well I just need it do it it 6 more times and I become a bitcoin millionaire
I am not quite good with math but I think you need to have atleast 3 bitcoin right now to be millionaire when price of bitcoin will double 6 times.

Am I right? I am holding around that amount so you made me to think about being millionaire within a decade  Shocked Shocked
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
September 03, 2017, 09:57:29 AM
#3
This is the thing that so many people here can't wrap their heads around. There aren't any more coins than there ever were and they're not issuing any more coins than usual either.

When you throw in vastly increased visibility and a mushrooming number of people getting interested, the maths of it are painfully obviously going to look explosive. We might find the price moves that seemed truly epic a few years ago a comparative piece of piss.

Indeed the move from $1000 to nearly $5000 has been borderline effortless compared to the scratching around in the past.
legendary
Activity: 3178
Merit: 1348
September 03, 2017, 08:47:08 AM
#2
In non mathematical terms it just means rapidly. Technically speaking it can continue to increase exponentially without making you a millionaire. Regardless I'd be very happy for you if it would continue to double another 6 times over. If you become a millionaire so does everybody else  Grin
I think we all have shared interests Smiley
newbie
Activity: 60
Merit: 0
September 03, 2017, 04:08:47 AM
#1
I love this word Smiley

And it is a word that can be strongly associated with bitcoin this past 8 years, how many times has the price now doubled since 2009?

Well I just need it do it it 6 more times and I become a bitcoin millionaire

Well who knows
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