Topic: How Many BTC Do You Guys Class As A Lot? (Read 4967 times)
up
There are 7.1B people in the world. The number of people that will actually be able to acquire a whole BTC is staggeringly miniscule.
So get them now while you still can, hold them for years, and you'll be the new 1% -ers of the future.
This is what get's me up each morning
But surely everyone in the world won't own bitcoin right? Lets be more realistic and speculate that for now 10%-20% of the population would hold some. I love bitcoin but the possible stats shouldn't be drawn from the 100% adoption scenario. There are poor people in the world who i suspect don't own paper money and trade in goats and crops so even fiat doesn't have 100% adoption.
We don't need 100%, not even close. Even 10% is a wildly high number. Even 13 million(0.1%)people can't own one coin. The amount of people that will have 1 coin will be very very small. I buy portions every paycheck.
I agree we don't need 100%, personally i think 30% would be amazing, all i'm trying to say is it would be more beneficial if people calculated values based on 10-30% of something in existence rather than going the whole hog and calculating at 100%. Its not realistic to use 100%
. Thats all i'm getting at. Its more meaningful for estimates if the percentages are realistic . 
There are 7.1B people in the world. The number of people that will actually be able to acquire a whole BTC is staggeringly miniscule.
So get them now while you still can, hold them for years, and you'll be the new 1% -ers of the future.
This is what get's me up each morning
But surely everyone in the world won't own bitcoin right? Lets be more realistic and speculate that for now 10%-20% of the population would hold some. I love bitcoin but the possible stats shouldn't be drawn from the 100% adoption scenario. There are poor people in the world who i suspect don't own paper money and trade in goats and crops so even fiat doesn't have 100% adoption.
We don't need 100%, not even close. Even 10% is a wildly high number. Even 13 million(0.1%)people can't own one coin. The amount of people that will have 1 coin will be very very small. I buy portions every paycheck.
There are 7.1B people in the world. The number of people that will actually be able to acquire a whole BTC is staggeringly miniscule.
So get them now while you still can, hold them for years, and you'll be the new 1% -ers of the future.
This is what get's me up each morning
But surely everyone in the world won't own bitcoin right? Lets be more realistic and speculate that for now 10%-20% of the population would hold some. I love bitcoin but the possible stats shouldn't be drawn from the 100% adoption scenario. There are poor people in the world who i suspect don't own paper money and trade in goats and crops so even fiat doesn't have 100% adoption.
There are 7.1B people in the world. The number of people that will actually be able to acquire a whole BTC is staggeringly miniscule.
So get them now while you still can, hold them for years, and you'll be the new 1% -ers of the future.
This is what get's me up each morning
up
Well, to answer this, you have to ask what the market-cap of bitcoin is likely to be in the "success case" (the fail case is less interesting ).
A couple ways to look at it:
1) Compare to the M2 money supplies of various countries. Let's say a "success case" is bitcoin achieving the same monetary use that occurs in an economically "medium sized" country. Like, say, Denmark (#33 by GDP) or South Africa (#29). They both have M2 money supplies of about $200B. So if the same economic activity that these countries do ends up getting done over bitcoin, it can be reasonably asserted that bitcoin's market-cap would need to be about the same as these countries' M2 (disregards lots of factors, but this is a napkin calc here). At full 21M BTC issuance, we're in the $10,000/BTC ballpark.
2) Compare to gold, with it's $6.6T market cap. 5% of that is $330B. That's about $15,000/BTC at full 21M issuance.
3) Estimates of "off-shored"/"hidden" fiat wealth are around $30T. You do the math on this one.
That roughs out a minimum "success case", in my opinion, of 1BTC >= $10,000.
So then how much fiat wealth do you consider "a lot"? If a million bucks does it, you need 100BTC to make this bet.
). A couple ways to look at it:
1) Compare to the M2 money supplies of various countries. Let's say a "success case" is bitcoin achieving the same monetary use that occurs in an economically "medium sized" country. Like, say, Denmark (#33 by GDP) or South Africa (#29). They both have M2 money supplies of about $200B. So if the same economic activity that these countries do ends up getting done over bitcoin, it can be reasonably asserted that bitcoin's market-cap would need to be about the same as these countries' M2 (disregards lots of factors, but this is a napkin calc here). At full 21M BTC issuance, we're in the $10,000/BTC ballpark.
2) Compare to gold, with it's $6.6T market cap. 5% of that is $330B. That's about $15,000/BTC at full 21M issuance.
3) Estimates of "off-shored"/"hidden" fiat wealth are around $30T. You do the math on this one.
That roughs out a minimum "success case", in my opinion, of 1BTC >= $10,000.
So then how much fiat wealth do you consider "a lot"? If a million bucks does it, you need 100BTC to make this bet.
bump
21
210
2100
210
2100
1
10
100
1000
10000
It all depends on timing, when do you own these amount of coins and their present value. I'm currently betting on hodling 100 coins in around 5 years to be a lot.
Question in the thread title?
Anything above 50% of your total wealth is a lot. Of course, there is no single answer since to some $10 is a huge amount and others snort through €500 bills...
The bold part is fundamentally true, no matter what investment...while the underlined part is not only that, but also stylish, I kind of understand the notion behind it.
when you say a lot
then it should be 1000+ BTC or may be 10000+ BTC
it depends on your needs
then it should be 1000+ BTC or may be 10000+ BTC
it depends on your needs
Honestly. This is a relative question.
In some countries $100 is alot, in others $10000 is considered alot.
It has very many different variables.
In some countries $100 is alot, in others $10000 is considered alot.
It has very many different variables.
Makes me feel better about my stash of 120btc. i'll just keep chipping away at a mix of buying $400 a week, get an occasional hashlet and supplement some small change from faucets etc. small amounts on faucets like freebitco.in but if the price increases drastically then that faucet time wont seem so wasted.
1000
You wouldn't be a millionaire in $US, but you could spend some without worrying until it takes off in value.
You wouldn't be a millionaire in $US, but you could spend some without worrying until it takes off in value.
I would consider 10+ btc a lot
the lower the price the higher this number.
You mean like 10000 wasn't many when they were only worth a pizza?
Everything is relative, but for me over 100 BTC would be over extending myself too much in one asset (basket).
At this times, everything above 0 is too much.
50 BTC would be a nice amount to sit on.
>BTC21
Jump to: