Thanks all good answers just what i needed to know.
Topic: I need to run my understanding of one aspect of this by people (Read 223 times)
November 17, 2017, 09:55:34 AM
now we are like the rockefellas?
No, because 99% of people buy, then sell after 100% profit gain, or 300%, 10000%. To be rockefeller u would be like winkelvoss twins, they bouth 1 000 000 BTC for $1 or $11 each. Now price is $7800. This is rockefeller style investing and profit. November 17, 2017, 08:38:46 AM
Only if we reach mass adoption. Price cannot increase without the demand. I could totally see Satoshis being the base unit for goods and services, and people with 1 bitcoin would be like what a millionaire/billionaire is now.
November 17, 2017, 08:14:11 AM
Entirely possible, given that bitcoin had extreme exponential gains in just a short span of time (9 years). The thing is, no one would ever be Rockefeller rich except for Satoshi Nakamoto who is suspected to have over 1 million bitcoins he acquired by mining from 2009-2010. There would come a time where we'd only talk about satoshis, and that is if all the coins are evenly distributed throughout the world.
November 17, 2017, 06:12:26 AM
would my great great grand kids be like my grand dad actually owned a few or a few thousand bitcoins and now we are like the rockefellas?
Owning a few thousand bitcoins is definitely alot of money in 2040-2075, but I don't think it will be close to "By the time Rockefeller died in 1937, his assets equaled 1.5% of America's total economic output. To control an equivalent share today would require a net worth of about $340 billion dollars, more than four times that of Bill Gates, currently the world's richest man."
https://www.forbes.com/sites/carlodonnell/2014/07/11/the-rockefellers-the-legacy-of-historys-richest-man/#680de8c83c26
November 17, 2017, 03:25:19 AM
Yes.
November 17, 2017, 02:37:03 AM
Is it possible that after all the coin is mined etc etc and people are trading and its like 2075 even though in read 2040 lets just say would my great great grand kids be like my grand dad actually owned a few or a few thousand bitcoins and now we are like the rockefellas? Will we start to use the word satashi like saying 5.00 and move away from the thought of owning 1 whole btc?
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