I have .00000001 bitcoin. Will I be a millionaire by 2046? - page 6.

mladen00

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K-ing®

Quote from: jehst on November 24, 2015, 11:04:24 PM

What do you guys think?

yes, if you're from Zimbabwe

Zimbabwe ($1 = 642,371,437,695, 221,000): We’re not sure what comes after trillions – zillions? Our experts tell us it’s actually quadrillions. Either way, it costs $35 million Zimbabwe dollars to buy an egg. If you plan to emigrate, maybe you should try for Somalia instead. At least they’re still on the charts.

afbitcoins

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Quote from: David Rabahy on December 01, 2015, 11:07:47 AM

Let's say a 2015 US dollar can buy a dozen eggs. At the exchange rate today that's about BTC0.0028. If Bitcoin goes to $1,000,000(2015)/BTC tomorrow like people dream about (and that dozen eggs still costs just $1(2015)) then that dozen eggs will effectively cost BTC0.000001=100 Satoshi.

If the US dollar inflation rate is severe and a 2046 US dollar is worth only 0.1% of a 2015 US dollar then the eggs will cost $1,000(2046). If the Bitcoin exchange is unexpectedly/unlikely still $360(2046)/BTC then it would take BTC2.78 to buy the eggs in 2046. If the exchange rate exactly matched the inflation then it would be $360,000(2046)/BTC and the eggs would be BTC0.0028.

If the Bitcoin exchange rate outperforms inflation and is worth $1,000,000(2015)/BTC that works out to $1,000,000,000(2046)/BTC which is well short of 1 Satoshi being worth $1,000,000.

To reach 1 Satoshi being worth $1,000,000(2046) we would have $100,000,000,000,000(2046)/BTC; if we constrain ourselves to a maximum exchange rate of $1,000,000(2015)/BTC then the US dollar inflation rate would have to be much much worse.

So that was a No ?

jehst

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21 million. I want them all.

Quote from: David Rabahy on December 01, 2015, 11:07:47 AM

Let's say a 2015 US dollar can buy a dozen eggs. At the exchange rate today that's about BTC0.0028. If Bitcoin goes to $1,000,000(2015)/BTC tomorrow like people dream about (and that dozen eggs still costs just $1(2015)) then that dozen eggs will effectively cost BTC0.000001=100 Satoshi.

If the US dollar inflation rate is severe and a 2046 US dollar is worth only 0.1% of a 2015 US dollar then the eggs will cost $1,000(2046). If the Bitcoin exchange is unexpectedly/unlikely still $360(2046)/BTC then it would take BTC2.78 to buy the eggs in 2046. If the exchange rate exactly matched the inflation then it would be $360,000(2046)/BTC and the eggs would be BTC0.0028.

If the Bitcoin exchange rate outperforms inflation and is worth $1,000,000(2015)/BTC that works out to $1,000,000,000(2046)/BTC which is well short of 1 Satoshi being worth $1,000,000.

To reach 1 Satoshi being worth $1,000,000(2046) we would have $100,000,000,000,000(2046)/BTC; if we constrain ourselves to a maximum exchange rate of $1,000,000(2015)/BTC then the US dollar inflation rate would have to be much much worse.

Thank you.

I officially declare this question answered and I, the op, satisfied.

David Rabahy

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Let's say a 2015 US dollar can buy a dozen eggs. At the exchange rate today that's about BTC0.0028. If Bitcoin goes to $1,000,000(2015)/BTC tomorrow like people dream about (and that dozen eggs still costs just $1(2015)) then that dozen eggs will effectively cost BTC0.000001=100 Satoshi.

If the US dollar inflation rate is severe and a 2046 US dollar is worth only 0.1% of a 2015 US dollar then the eggs will cost $1,000(2046). If the Bitcoin exchange is unexpectedly/unlikely still $360(2046)/BTC then it would take BTC2.78 to buy the eggs in 2046. If the exchange rate exactly matched the inflation then it would be $360,000(2046)/BTC and the eggs would be BTC0.0028.

If the Bitcoin exchange rate outperforms inflation and is worth $1,000,000(2015)/BTC that works out to $1,000,000,000(2046)/BTC which is well short of 1 Satoshi being worth $1,000,000.

To reach 1 Satoshi being worth $1,000,000(2046) we would have $100,000,000,000,000(2046)/BTC; if we constrain ourselves to a maximum exchange rate of $1,000,000(2015)/BTC then the US dollar inflation rate would have to be much much worse.

CryptoBjorn

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Quote from: Hugroll on December 01, 2015, 09:45:37 AM

Quote from: jehst on November 24, 2015, 11:04:24 PM

What do you guys think?

nope, not even close, for 0.00000001 to be worth 1 million dollars. 1 bitcoin would be worth 10000000000000 dollars. looool thats never gonna happen.

Lets say it will happen than we are rich Cheesy

WHAHAHA that is so funny if that happend than I will tell to my family it was worht of my time.

Man that is just a lot of money then.

Hugroll

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Quote from: jehst on November 24, 2015, 11:04:24 PM

What do you guys think?

nope, not even close, for 0.00000001 to be worth 1 million dollars. 1 bitcoin would be worth 10000000000000 dollars. looool thats never gonna happen.

bitcoin-hunter

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Quote from: jehst on November 24, 2015, 11:04:24 PM

What do you guys think?

I think that will happend if I am dead -.- because that won't happend. If that amount of bitcoin will bitcoin you can't be millionaire in that year.

Maybe if you do 24/7 faucets just maybe.

tn211

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Quote from: Pab on November 29, 2015, 05:21:19 PM

Work more and you will be satoshi bilionaire
will you still alive by 2046 or will you take your btc with yourself

2046 hmm maybe I will be still a live I hope so.

LOL Satoshi billionaire is not possible I think in that year.

But who knows.

Pab

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Work more and you will be satoshi bilionaire
will you still alive by 2046 or will you take your btc with yourself

ivanst776

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If most of bitcoins disappear or lost then the price of bitcoin will reach to the moon, and maybe at that time it would be hard to get a satoshi but i don't think that it will cost a million, ever.

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: Amph on November 25, 2015, 03:37:59 AM

no because the whole economy market cap is in the range of Trillion, not even quadrillion, and even with quadrillion you have a tiny amount there

so if bitcoin will absorb every other money system out there you will not be rich

Exactly this. It is too few. Perhaps you could expect that satoshi to have the equivalent value of a dollar of today (which would be a wild raise). But not much more than that.

Wilhelm

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At one magnitude a year your .00000001BTC=$.000003 will turn into $3,000,000,000,000,000,000,000

So yes you will become a $3000-billion-billionair give or take Tongue

ThunderThomas

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fastdice.com The Worlds Fastest Bitcoin Dice

You'll only become a millionaire if you keep that number of bitcoins growing. If you don't then it will be impossible for you to be a millionaire with .00000001 bitcoin

makingwin1

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its impossible to be a millionaire with that much bitcoins

pissedoff

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Quote from: chucuil on November 29, 2015, 01:17:24 PM

Quote from: Snail2 on November 29, 2015, 01:05:52 PM

Not sure about the millions but by 2046 you can probably get a quarter pounder with cheese and bag of french fries for that

.

You'll also owe ~19 quarter pounders with cheese to the network in tx fee

I have spent a lot on bitcoin transaction fees. I think in a few years I might wonder why I paid such high fees to process my transaction.

chucuil

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Quote from: Snail2 on November 29, 2015, 01:05:52 PM

Not sure about the millions but by 2046 you can probably get a quarter pounder with cheese and bag of french fries for that

.

You'll also owe ~19 quarter pounders with cheese to the network in tx fee

pissedoff

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Activity: 616

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Quote from: Nameless Coin on November 29, 2015, 12:32:13 PM

Well good luck to be a millionaire in 2046.

In real world you need maybe 50 -100 Bitcoin to be a millionair.

100 Bitcoins to be a millionaire is a more realistic idea. 50 Bitcoins too might be worth millions by 2046 if bitcoin succeeds.

Snail2

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Not sure about the millions but by 2046 you can probably get a quarter pounder with cheese and bag of french fries for that

.

bitcoin567

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sorry to tell that but you will most probably not be a millionaire

pa

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The OP is obviously jehsting. Wink

Topic: I have .00000001 bitcoin. Will I be a millionaire by 2046? - page 6. (Read 9653 times)