Topic: Will I ever be rich? (Read 3855 times)
rich with 21 Bitcoin? nah... you might want to use them as collateral to short 60. it wont make you rich, but at least you would finally make some money instead of losing it...
21 BTC
200 LTC
200 LTC
You already are rich. There are tiny amount of people owning 1 BTC. and almost none own more then 20.
Better question would be: I own 0.21 BTC, will i ever be rich?
The purchasing power of 21 BTC does not make me rich, in anyone's standards
Not in anyones, but in manyones. You can never satisfy everyone all the time. But here you do many.
20+ BTC is something I can only dream of. 
20 BTC isn't a lot once you get a decent job, but 2000 BTC is a lot..
20+ BTC is something I can only dream of.
I would dream a bit more.
20+ BTC is something I can only dream of.
Rich in overstock.com bedsheets & patio furniture
trade altcoins, either you x-times your money (in hours/days/weeks) and will be forever grateful to me or you gonna lose all your money and hate me 
if you can do the former, it wont take long until you can count yourself rich
if you can do the former, it wont take long until you can count yourself rich
Already lost 8-10 BTC trading SHIT coins.... never touching shit coins again. I'm holding some LTC but it's down 80% since I bought it.... not gonna buy more.
trade altcoins, either you x-times your money (in hours/days/weeks) and will be forever grateful to me or you gonna lose all your money and hate me
if you can do the former, it wont take long until you can count yourself rich
if you can do the former, it wont take long until you can count yourself rich
21 BTC
200 LTC
200 LTC
You already are rich. There are tiny amount of people owning 1 BTC. and almost none own more then 20.
Better question would be: I own 0.21 BTC, will i ever be rich?
The purchasing power of 21 BTC does not make me rich, in anyone's standards
21 BTC
200 LTC
200 LTC
You already are rich. There are tiny amount of people owning 1 BTC. and almost none own more then 20.
Better question would be: I own 0.21 BTC, will i ever be rich?
That is not a lot of bitcoin in my opinion.
Any average joe can buy this amount.
Wouldn't count on getting rich just yet.
Any average joe can buy this amount.
Wouldn't count on getting rich just yet.
Yep. The other think people forget is also the constant downward pressure of early adopters, miners, and whales. Of course it is a good thing that they sell a little on the way up, as wider distribution will hopefully create a less volatile market. But the fact remains that any selling along the way by early adopters, miners, and whales will constantly slow the progress to a higher exchange rate, as their rate of selling (and not buying back at same price) will likely throttle up and down to match the public demand (as well as increasing hashrate, slowing inflation, etc.)
Imagine if, starting today, 95% of the world's gold or diamond mines and reserves were in the hands of like a 1000 people (and before gold & diamonds were even deemed to be all that "valuable" by the populous). It would take a longer time for a wider distribution of gold or diamonds to occur throughout the world populous and still have a steady climb in yearly exchange rate.
Most people see a binary outcome: either bitcoin will be very valuable or it will be not valuable at all (close to zero).
I think that a third situation is possible: bitcoin will be a nontrivial portion of the total gold value, which is ~8 trln.
So, at 10% of gold, BTC will be valued at ~800bil or ~40K/BTC.
Incidentally, if all millionaires invest 1% of their money in BTC, BTC will have to be at ~$55K (millionaires have ~$115 tril of wealth).
This makes $40-50K a very reasonable number.
It might take 10 years to achieve that. If so, I am happy.
Getting rich is 99.99% luck, the more BTC, the more tickets you have to win the lottery. Simple as that. Now with that amount of BTC... if BTC survives long enough, you may be rich, but you will be old too. This is the trade for most people that do not inherit or aren't extremely lucky (early BTC investors), we have to become old and bald in order to get somewhat of a wealthy position, it's a joke.
If you have to ask the question, then the answer is no.
21 BTC
200 LTC
First, define rich. If we set a million $ goal, then yes 200 LTC
. You'll be a rich dude in about 10 years. 
Yep. The other thinkg people forget is also the constant downward pressure of early adopters, miners, and whales. Of course it is a good thing that they sell a little on the way up, as wider distribution will hopefully create a less volatile market. But the fact remains that any selling along the way by early adopters, miners, and whales will constantly slow the progress to a higher exchange rate, as their rate of selling (and not buying back at same price) will likely throttle up and down to match the public demand (as well as increasing hashrate, slowing inflation, etc.)
Imagine if, starting today, 95% of the world's gold or diamond mines and reserves were in the hands of like a 1000 people (and before gold & diamonds were even deemed to be all that "valuable" by the populous). It would take a longer time for a wider distribution of gold or diamonds to occur throughout the world populous and still have a steady climb in yearly exchange rate.
FTFY. (It took a while for me to figure it out Imagine if, starting today, 95% of the world's gold or diamond mines and reserves were in the hands of like a 1000 people (and before gold & diamonds were even deemed to be all that "valuable" by the populous). It would take a longer time for a wider distribution of gold or diamonds to occur throughout the world populous and still have a steady climb in yearly exchange rate.
) 
It's a bit too soon to be bullish about Bitcoin ever reaching $trillions, especially when it only has 500K-2M users and hasn't shown any indication of large scale userbase expansion yet. We don't even have the Yahoo of digital currencies yet. Internet in 1989 had more users than Bitcoin.
there was no true Internet in 1989 (with browsers, etc.), just email, usenet, etc. The concept of www was just introduced in 1989.
It's a bit too soon to be bullish about Bitcoin ever reaching $trillions, especially when it only has 500K-2M users and hasn't shown any indication of large scale userbase expansion yet. We don't even have the Yahoo of digital currencies yet. Internet in 1989 had more users than Bitcoin.
Yep. The other think people forget is also the constant downward pressure of early adopters, miners, and whales. Of course it is a good thing that they sell a little on the way up, as wider distribution will hopefully create a less volatile market. But the fact remains that any selling along the way by early adopters, miners, and whales will constantly slow the progress to a higher exchange rate, as their rate of selling (and not buying back at same price) will likely throttle up and down to match the public demand (as well as increasing hashrate, slowing inflation, etc.)
Imagine if, starting today, 95% of the world's gold or diamond mines and reserves were in the hands of like a 1000 people (and before gold & diamonds were even deemed to be all that "valuable" by the populous). It would take a longer time for a wider distribution of gold or diamonds to occur throughout the world populous and still have a steady climb in yearly exchange rate.
Most people see a binary outcome: either bitcoin will be very valuable or it will be not valuable at all (close to zero).
I think that a third situation is possible: bitcoin will be a nontrivial portion of the total gold value, which is ~8 trln.
So, at 10% of gold, BTC will be valued at ~800bil or ~40K/BTC.
Incidentally, if all millionaires invest 1% of their money in BTC, BTC will have to be at ~$55K (millionaires have ~$115 tril of wealth).
This makes $40-50K a very reasonable number.
Be rich at heart 
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