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Topic: How many bitcoins do you have? - page 9. (Read 13479 times)

sr. member
Activity: 392
Merit: 250
October 03, 2012, 05:51:43 PM
#12
It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Ah, but as more people use bitcoin they will be spread thinner.  Someday, perhaps, the standard unit will be a Satoshi instead of a bitcoin.  Perhaps pizza will cost 5,000 Satoshi, and the average person will hold about 1,000,000 Satoshi (about 0.01 BTC).  When there are that many people using it and it is spread that thin (assuming that you haven't lost/spent the BTC that you have right now), you will be in the top 10% and will have significant wealth.  You just have to wait for bitcoin to gain enough popularity ;-)
oh hell no!  lol.  Okay, not completely.  I'm just saying, most investors move things around and keep like 5% gold in their portfolio and do graduated risk level segments and all that crap and think they're so clever.  What they forget to do is also sell off some of their non-USD assets and pocket it as the price goes up.  You can always re-buy.  It's not really hedging your portfolio if all you do is watch the numbers go up without doing anything about it.  If the economy tanks, kiss almost every category goodbye somewhat evenly, lol.

If I had 10,000 BTC, 1,000 of them would have been sold as soon as it stabilized at $12 for a week or two.  At $13, I'd sell another 500 and probably 250 more at every dollar raise that stays level for a week or more.  Nobody knows what's really going to happen at the 25 BTC split and when ASICs come out but there are strong arugements each way.  That's why I'd have half my BTC off the market by then just in case.  If it goes up, you win, just slightly less.  If it goes down, you also win because you pulled half of them early at a high price.
hero member
Activity: 557
Merit: 500
October 03, 2012, 05:04:43 PM
#11
It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).

Then develop "CommieCoin"!  Coins are distributed from each according to his abilities, to each according to his needs.

Mining operators making over a certain amount would be taxed at say, 75% (vive Le France).  These coins would be sent to an elected Parliment (maybe you!) where they can be equally distributed among the needy.

After the Parliment's overhead costs, of course. 

Sign me up, comrade!
member
Activity: 98
Merit: 10
Capitalism rocks my world.
October 03, 2012, 04:14:26 PM
#10
I spend mine when they come in. And that "90% of the wealth" comment... OMG go figure out how to make your own bitcoin. geesh.
legendary
Activity: 1795
Merit: 1208
This is not OK.
October 03, 2012, 04:03:25 PM
#9
Exactly.  It's like a dick size contest where you measure yourself.  Grin
So it's inaccurate but not nearly as gay? Lol, I guess that's true.
Btw I own a whopping 0.08 BTC atm :-D but that will change soon.  Also, I did have 41 at one point.

I did this at Uni once and well.. the girl measuring was hot as fuck... I'm sure that helped me win...

hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
October 03, 2012, 03:46:56 PM
#8
It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Ah, but as more people use bitcoin they will be spread thinner.  Someday, perhaps, the standard unit will be a Satoshi instead of a bitcoin.  Perhaps pizza will cost 5,000 Satoshi, and the average person will hold about 1,000,000 Satoshi (about 0.01 BTC).  When there are that many people using it and it is spread that thin (assuming that you haven't lost/spent the BTC that you have right now), you will be in the top 10% and will have significant wealth.  You just have to wait for bitcoin to gain enough popularity ;-)

That's an interesting thought.  At what point in the life cycle (in other words market price) of Bitcoin does the Satoshi or for that matter the mbit become the standard?  Average Joe Blow out there doesn't like dealing with numbers that have more than two decimal points. 
legendary
Activity: 3472
Merit: 4801
October 03, 2012, 03:01:34 PM
#7
It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Ah, but as more people use bitcoin they will be spread thinner.  Someday, perhaps, the standard unit will be a Satoshi instead of a bitcoin.  Perhaps pizza will cost 5,000 Satoshi, and the average person will hold about 1,000,000 Satoshi (about 0.01 BTC).  When there are that many people using it and it is spread that thin (assuming that you haven't lost/spent the BTC that you have right now), you will be in the top 10% and will have significant wealth.  You just have to wait for bitcoin to gain enough popularity ;-)
member
Activity: 65
Merit: 10
October 03, 2012, 01:56:24 PM
#6
Less than two but more than one!
sr. member
Activity: 392
Merit: 250
October 03, 2012, 08:06:59 AM
#5
Exactly.  It's like a dick size contest where you measure yourself.  Grin
So it's inaccurate but not nearly as gay? Lol, I guess that's true.
Btw I own a whopping 0.08 BTC atm :-D but that will change soon.  Also, I did have 41 at one point.
member
Activity: 108
Merit: 10
October 03, 2012, 07:56:35 AM
#4
It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
legendary
Activity: 916
Merit: 1003
October 03, 2012, 07:20:44 AM
#3
Exactly.  It's like a dick size contest where you measure yourself.  Grin
legendary
Activity: 916
Merit: 1003
October 03, 2012, 07:17:11 AM
#2
Of course such polls are of questionable value anyway.  Who's more likely to vote at all?  People with more BTC or less?  Or something more in the "middle"?
legendary
Activity: 1260
Merit: 1000
Drunk Posts
October 01, 2012, 07:12:34 PM
#1
Just seeing how many whales we have on the forums. I can't see who votes what, so no reason to hide Wink
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