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Topic: UPDATE (Read 9594 times)

sr. member
Activity: 364
Merit: 250
January 10, 2016, 02:57:57 PM
It's just dream...
hero member
Activity: 770
Merit: 509
January 10, 2016, 10:34:24 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth
Where did you get from that 500,000 DIFFERENT people are holding 1 btc or more?

A ton of addresses belong to the same person, and A TON of addresses are coins that are lost forever since back then Bitcoin was worthless and people didn't put effort into remembering their passphrasses and doing backups.

Also there are a ton of new millonaries yearly, this is not a problem and is statistically probable.
legendary
Activity: 1946
Merit: 1007
January 10, 2016, 07:08:52 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

People will be trying over and OVER again to hack and crack the privkeys to those addresses day and night. I dont know how that would stand to

24/7/365 day attempts, like all hour and minute attempts.

That would stand for millions of years. The number of keys you would need to generate are so insanely huge, it is just incomprehensible by the human brain, that's why you are probably afraid of people attempting this.

Even if computational powers would increase dramatically, it would not come close to cracking private keys through brute forcing.

Trying to get your hands on the keys through social engineering is way more likely.
legendary
Activity: 1442
Merit: 1016
January 10, 2016, 06:45:26 AM
You know what my dream become a happy guy at the end. I don't see money make me happy.
Well money can make me happy, but don't need to be rich.
Also there is a lot of people with 1 bitcoin I doubt that bitcoin will be 1 million dollar worth.

Yes money can't make you a happy man. I know guys who have more than enough money but also have a good amount of trouble/stress on their daily life. Wife is unhappy, cheating and so on and so on.
But emough money can give you financial safety which is something almost everybody would like to have.
Just because you doubt that Bitcoin can not reach this value doesn't mean it is not possible. Sure it won't happen over night or in the next 10 years but everything is possible. Satoshi himself said that in far future Bitcoin will be dead or we will see millions of transactions every day.
Furthermore we have really a few guys invested in Bitcoin who believe that Bitcoin could at least reach 6 digits in value, meaning hundred thousands of dollars.Some of these guys had been very early adopters and investors.In that time when they spread the word for Bitcoin people laughed about them and said they are crazy. Today these guys are already millionaires because they relalized the tremendous potential Bitcoin is having and that it is not just a new form of money.
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
January 10, 2016, 04:03:48 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.

I don't think a lot of people will hold bitcoin when the price to the moon and reached $1M .
Before it happened, there will be a big drop price that make bitcoin looks will gone and dead.
And people starting sell all their coin and left. So only few people still hold bitcoin when it's happened. It's just my opinion.

That won't happen as a sudden drop will not come when the prices will be at a pace from where even dumping will just "a no-go" type of alternative, and they will wait even more...

A time will come when people will just have their BTC in their pockets and they will sell them at seriously huge rates...
legendary
Activity: 1218
Merit: 1007
January 09, 2016, 11:58:37 PM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.
I don't mean to be rude, but I'm not sure if you fully understand how this type of economics works. To be fair I don't have a degree, but I think you might be missing the point.

Food prices won't increase because more people became millionaires; prices increase due to inflation. Someone having $1m just means that a person has received money from other people, no additional money has been created.

If there are 10 people, including myself, who each have $1, and there is a loaf of bread costing $2, if I create an item (or own an item) that I can break down and sell for $1 to each of the other people, I now have $10, everyone else has $0, and the loaf will still cost $2.
STT
legendary
Activity: 4102
Merit: 1454
January 09, 2016, 11:44:16 PM
In any healthy economy there has to be a two way system, give and take, demand and supply for any value to be built up.  People just dreaming on this seems like, its obvious dollar is top at the moment and theres a long history leading up to and supporting its position.  Even while they waste that legacy there it is, dollar has good reasons and bitcoin does not have any of that to support it so it might be well used in future but it wont be dominate I'm sure!
hero member
Activity: 1106
Merit: 521
January 09, 2016, 05:23:02 PM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.

I don't think a lot of people will hold bitcoin when the price to the moon and reached $1M .
Before it happened, there will be a big drop price that make bitcoin looks will gone and dead.
And people starting sell all their coin and left. So only few people still hold bitcoin when it's happened. It's just my opinion.

when bitcoin is worth $1,000,000 then it will be the dominate currency and you wont want to sell it, thats the point you will be able to buy everything in bitcoin because there wont be enough bitcoin to go about it will drive the price higher? 
newbie
Activity: 14
Merit: 0
January 09, 2016, 05:16:51 PM
This week, i'm gonna buy BTC for a total of 21. Then, i'll storage them offline and just forgot bout it for 5/10/15 years. Waiting they'll reach  a comparable value of 21M $.

How i'll use them?

12M $ = live with 10K$ / month from here to other 100 years
2M $ = to my parents, for them retire
5M $ = for further investment
2M $ = for beneficence (cancer, sla, aids, handicap)

What do you think about my dream?

Is a sweet dream...

Yes, is a sweet dream, but in life.... nothing is impossible
member
Activity: 112
Merit: 10
January 09, 2016, 04:38:21 PM
This week, i'm gonna buy BTC for a total of 21. Then, i'll storage them offline and just forgot bout it for 5/10/15 years. Waiting they'll reach  a comparable value of 21M $.

How i'll use them?

12M $ = live with 10K$ / month from here to other 100 years
2M $ = to my parents, for them retire
5M $ = for further investment
2M $ = for beneficence (cancer, sla, aids, handicap)

What do you think about my dream?

Is a sweet dream...
hero member
Activity: 546
Merit: 500
January 08, 2016, 09:39:15 AM
You know what my dream become a happy guy at the end. I don't see money make me happy.
Well money can make me happy, but don't need to be rich.
Also there is a lot of people with 1 bitcoin I doubt that bitcoin will be 1 million dollar worth.
full member
Activity: 196
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
January 08, 2016, 09:30:59 AM
I like this dream, but will it ever happen 1 bitcoin to 1 million I think you need to wait a long time to happen.
For me I am just happy if bitcoin reach 1500 dollars that is so nice to see and that it will be stable.
legendary
Activity: 966
Merit: 1000
January 08, 2016, 07:56:42 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.

I don't think a lot of people will hold bitcoin when the price to the moon and reached $1M .
Before it happened, there will be a big drop price that make bitcoin looks will gone and dead.
And people starting sell all their coin and left. So only few people still hold bitcoin when it's happened. It's just my opinion.
I think the current situation is what you are thinking of ,price was over a thousand dollar and then majority of them sold and thought it was dead.Now only few of them hold but are whales.However it is decentralized and nothing is appropriate anytime.

Not sure if the situation like what happening now Are what I talking about. Because it's too early.
Maybe when bitcoin price dropped to $100 or so , people will start thinking bitcoin will worth nothing soon and they were wrong in the next year bitcoin reach $5k or so. That moment are I talking about I guess.
To be more descriptive ,the current price is 400 and if it goes to a hundred then its at 25% of its original price and as bitcoin was over a thousand then dropped to 200's which is 20% of the original and so the situation is similar cause it again got back to 500's but your imagination of 5k & OP's of millions is unrealistic.
member
Activity: 85
Merit: 10
January 08, 2016, 07:46:29 AM
Seems like a nice dream
Hopefully you'll continue to work towards this
hero member
Activity: 518
Merit: 500
January 08, 2016, 07:38:51 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.

I don't think a lot of people will hold bitcoin when the price to the moon and reached $1M .
Before it happened, there will be a big drop price that make bitcoin looks will gone and dead.
And people starting sell all their coin and left. So only few people still hold bitcoin when it's happened. It's just my opinion.
I think the current situation is what you are thinking of ,price was over a thousand dollar and then majority of them sold and thought it was dead.Now only few of them hold but are whales.However it is decentralized and nothing is appropriate anytime.

Not sure if the situation like what happening now Are what I talking about. Because it's too early.
Maybe when bitcoin price dropped to $100 or so , people will start thinking bitcoin will worth nothing soon and they were wrong in the next year bitcoin reach $5k or so. That moment are I talking about I guess.
legendary
Activity: 966
Merit: 1000
January 08, 2016, 07:17:16 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.

I don't think a lot of people will hold bitcoin when the price to the moon and reached $1M .
Before it happened, there will be a big drop price that make bitcoin looks will gone and dead.
And people starting sell all their coin and left. So only few people still hold bitcoin when it's happened. It's just my opinion.
I think the current situation is what you are thinking of ,price was over a thousand dollar and then majority of them sold and thought it was dead.Now only few of them hold but are whales.However it is decentralized and nothing is appropriate anytime.
hero member
Activity: 518
Merit: 500
January 08, 2016, 07:08:14 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.

I don't think a lot of people will hold bitcoin when the price to the moon and reached $1M .
Before it happened, there will be a big drop price that make bitcoin looks will gone and dead.
And people starting sell all their coin and left. So only few people still hold bitcoin when it's happened. It's just my opinion.
member
Activity: 71
Merit: 10
January 08, 2016, 06:57:04 AM
You know what my dream is having 1 Bitcoin is just difficult for me as a newbie trying to earn bitcoin.
I can buy, but don't want to do that for now. But 21 million for 21 bitcoin is just a huge dream good luck with that.
full member
Activity: 182
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
January 08, 2016, 06:14:21 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

People will be trying over and OVER again to hack and crack the privkeys to those addresses day and night. I dont know how that would stand to

24/7/365 day attempts, like all hour and minute attempts.
sr. member
Activity: 476
Merit: 250
January 08, 2016, 06:05:41 AM
I don't know, i just can't see it happening there are around 500,000 people holding 1 or more bitcoin, lets say bitcoin did reach $1 Million then the world will have loads of millionaires and a couple of addresses will be worth over 100 billion making them the richest on earth

That would be nice right? and I think also that later the food will be expensive also, because there will be a lot of people that is kinda reach and later I think people that they are millionaire 100 dollars is maybe a normal price for a milk. We don't know what will happen if this come true.
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