Topic: what do you consider to be a shit-ton of bitcoin? (Read 1389 times)
At current price I vote for 1k, simply because it would be impossible for me to obtain, ever, unless I won a lottery or something.
Answer is 1.
What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.
What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.
1 BTC is not "trucks-full" of money, even under the most optimistic assumptions.
The global money supply is ~$8T. Divide that by 21M, assuming BTC has dominated the entire market, and you get ~$380K per BTC.
Yup, $380,000 would be a terrible outcome. I totally agree.
I took a stab at it...
From one source there is something like $46.513 trillion dollars worth of money in the world (note: this is very difficult to measure as there are several types of "money")
There are about 7-billion people
This comes to an average of $6644 per person
$46.513 trillion dollars divided by 21-million bitcoins = $2,214,904 per bitcoin.
That is what dreams of made of. Half a bitcoin could be $1 Million dollars US currency. While not a truck full of money (unless it is in pennies) it certainly is a lifetime supply if used efficiently.
Ah, pipe dreams....
From one source there is something like $46.513 trillion dollars worth of money in the world (note: this is very difficult to measure as there are several types of "money")
There are about 7-billion people
This comes to an average of $6644 per person
$46.513 trillion dollars divided by 21-million bitcoins = $2,214,904 per bitcoin.
That is what dreams of made of. Half a bitcoin could be $1 Million dollars US currency. While not a truck full of money (unless it is in pennies) it certainly is a lifetime supply if used efficiently.
Ah, pipe dreams....
Answer is 1.
What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.
What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.
1 BTC is not "trucks-full" of money, even under the most optimistic assumptions.
The global money supply is ~$8T. Divide that by 21M, assuming BTC has dominated the entire market, and you get ~$380K per BTC.
Answer is 1.
What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.
What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.
With the current rate, I'd be more than happy with 100 BTC...
At this point, I'm pretty sure that even a hundred is more than the average income of a US household. Multiplying that by ten surely results in a guaranteed "shit-ton".
Well according to the votes so far, I may have about a quarter of a shit-ton.
Now is that metric shit-ton or and English measure shit-ton? We need to be more specific on units here.
Now is that metric shit-ton or and English measure shit-ton? We need to be more specific on units here.
We know 200k bitcoins are a shitload of money
https://blockchain.info/address/12sENwECeRSmTeDwyLNqwh47JistZqFmW8
so a shit-ton would be 100k or 10k? =)))))
https://blockchain.info/address/12sENwECeRSmTeDwyLNqwh47JistZqFmW8
so a shit-ton would be 100k or 10k? =)))))
For me ... 1,000 is a shit-ton.
Mostly because it's an unattainable goal for most at this point.
Mostly because it's an unattainable goal for most at this point.
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