Bitcoin Forum

If you hold 10 or more you are part of an elite.

This is my conclusion after the years I have been involved here. Absolutely no one in real life knows what the hell Bitcoin is, and even your most geeky friends may probably never heard about Bitcoin. Now if you take into account the people that has heard about it... what percentage own 1 BTC? Exactly.. you know almost no one.
And what percentage own 10 BTC? I personally know no one (people from this forum don't count obviously).

This simple observation shows you only need 1 BTC to be a pioneer on Bitcoin in 2016.

Yes exactly, only 21 million people can have 1 Bitcoin.
And if some people have more then 1, even less people will be elite ;)

And this is also my goal just to have 1 bitcoin so my grandchildren will be rich as fuck :P

I bought my 10th bitcoin two days ago, that means I'm part of the elite cool :P

We have absolutely no idea how bitcoin will scale in the future. All all speculation are based on the short bitcoin history - where indeed we had huge leap of value.
From literally $0 to $1000 in four years - we all now live with expectation that we could see similar patter in the future, but this time bitcoin will reach $10000.

It's annoying to realize that btc is known only because of cryptolocker malwares. If this is the first that people have with bitcoin it does not help to spread a the good about it.

Thanks for uplifting post OP.

Although you are right, I don't understand why it is so. 1 BTC is pretty cheap in the grand scheme of things...and the potential of bitcoin is so huge...I CANNOT wrap my head around why so few people seem to want to own one. It's not like it's some underground little secret anymore. It's been around seven years!!!

It seems to me to be the bargain of a lifetime. In fact, multiple lifetimes have to come along for there to be something like this. We are INCREDIBLY lucky to be alive during the dawn of cryptocurrencies.

Why doesn't every single member of this forum own at least 1, for example?

Although you may have a point, but I sort of disagree with you since by "pioneer" we should mean those who first used/discover it and now how much they own. I've been on BTCitcoin since the last months of 2011 and still don't consider myself on the so called group of BTCitcoin pioneers.

Bitcoin will never be a mass phenomenon in the case that everyone is owing Bitcoin, thus it does not matter if it has a bad reputation or not. But Bitcoin could be used by the mass in the future (without their knowledge) if it is implemented in services which are offered and provided by companies to simplify processes and save costs (through the Bitcoin blockchain).

I bought my first 1 bitcoin yesterday. But used it right after  :-\
That's the thing that is the hardest the hardest to do right now,
holding on to that 1 bitcoin long enough to see it grow  ;)

Bitcoin might become the mass phenomenon you speak of, just not for a while. The growth of bitcoin in the past has been exponential, and more and more vendors and retailers are starting to accept them. You can buy almost anything online with bitcoins now. With that being said, nobody is a pioneer anymore unless they were purchasing them back when they were equivalent to $1. But that's just my opinion.

I.think that the biggest problem with Bitcoin is that its' amount is limited. That would probably be also the biggest obstacle for more massive use.

No.. that is the biggest feature.... It is the near perfect gold...

Sure, but Gold is not a common payment option :) Or have you ever been gone to a store and bought food with gold? I don't think so. This is why I think he meant that this is a big problem for Bitcoin. Gold is a commodity to secure value. So is Bitcoin, too.

Bitcoin will become a store of value not a widely used item for purchasing, IMO of coarse.

My goal is to hold at least 10 Bitcoins in my cold wallet. That's when I get satisfied and can look with great interest to what will happen in the future. 2.5 more coins and my goal is reached!

I only have fraction of 1 bitcoin  :(. I will do down in history as mini-pioneer.

Well, it looks like I'm not a pioneer, just an average adventurer.

I've probably owned over 1 BTC in my time here, but never all at one point. Maybe I'll finally start HODLing after the recent increase.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

According to that site, only a little more than 4% of wallets contain 1 or more bitcoin in them.. thats not to say there arent people with more than one wallet with less than a whole coin but add up to one whole coin or more..

P.S had to flip my tablet to the side to see percentages..

The quote exactly represents the reality of most users in this forum as well out who just try to earn as well buy bitcois for future as well trading.
As said only a very few users will be holding 10Bitcoins to be a part in the elite group.

Hopefully I can reach  1 btc and be a pioneer :)

I have not seen this chart before.  Very crazy that only 4% have more than one.  I am so hard on myself for not having more and I guess I have enough.

And THAT comment (blue highlighting mine), spazzdla, is the main reason I HODL Bitcoin.  I have bought, mixed and spent (only on gold) quite a few BTC to become familiar with its easy use, but the bulk of BTC I have now I want to hold for a possible YUGE gain.

A Lotto ticket...

Pioneers?  Let's see:

-- 4% of wallets hold over BTC1.00.  OK, let's stipulate ("MSU" here) that 5% of BTC hodlers actually own over 1.00
-- maximum of 1% of people in Europe, Japan and the USA hold ANY BTC  then:

0.05 * 0.01 = 0.0005 fraction of people own BTC1 or more.  Five hundredths of one percent (in easy-access Internet countries).

In my book, we're pioneers!


EDIT: corrected math error

I currently sit at around at a few BTC, and i absolutly believe that this technology cannot fail.  i dont say that as a fanatic who is blind to the problems, i say that as a person who has been taken advantage off by the banks and corrupt governments in this age.  We must take this opertunity to take back control 1st of or finances and then our governments.....  ;D  even if bitcoin is shot down because of a bug (and basiclaly that is the only thing that can stop it at this point) we fix the bug and start again the next day from point zero......... YES

Even if bitcoin doesn't go anywhere, those who have 1 BTC can call it a "souvenir" for future usage. A sort of memoir for their cryptocurrency days. Though those with physical coins, like Casascius coins, can REALLY show it off to people. I don't think that having a bitcoin is that large of an investment, and I'm pretty sure that there isn't that much of a financial drawback if you do choose to invest in it.

Again, if it doesn't pan out well, then I guess you just have it as a souvenir. An expensive souvenir. But, a relic of the beginning of the blockchain technology. Hopefully THAT carries through if Bitcoin doesn't.

I agree, 10 bitcoins is actually a lot.  And I had one tenth of that recently and like an idiot got scammed out of a good third of it.  I tell ya, I should have known better.  Alas, I'll get it back.

Don't know about being a pioneer though.  The early miners are the real pioneers, and that guy who bought the pizza for 10K btc.

I like to compare OP to this post: https://bitcointalk.org/index.php?topic=12156.0

 8) I like it, I'm working on my way to 1 BTC right now.

I previously own 7 btc back when it was just $250 i lost most of it on gambling and I've also bought few office equipment. I was expecting it will go up faster and so i haven't waited that long that i regret cashing it out and gambling without strategy.

I personally do not agree with you. I feel that as long as we are here actively discussing about Bitcoin, we can consider ourselves early adopters or in your word, pioneer. We helped to shape to early Bitcoin community.

in my opinion 1bitcoin not enough to be pioner, we need more than it, maybe 100bitcoin is the minimum to be pioner in bitcoin life....

Well i only have 2.** bitcoins, is it called pioneer too ? and my hope is can hold 10++ bitcoins so can make me into elite people lol.

nice holding, i sell all of bitcoin (arround 1.9btc) in last month i used to building computer, now i have only 0.15 my target 10++bitcoin too like you :)
 

10 bitcoin is not that much. It's not like you can buy a jet or something.
There a lots of people having lots of money in different forms.

no investment is a sure thing.  the risk in bitcoin is much less today than it was just a few years ago.  it took great effort, knowledge, skill and foresight just to be mining bitcoin years ago. those that did, hold far more than 1btc now.  and yet a lot of it was squandered, lost to exchange scams, development, learning and mining equipment pre-orders all in an effort to expand the bitcoin reach. 

NO YOU ARE NOT THE NEW ELITE WITH 1 BTC.  no you will not be rich.  yes there is a "possibility" that btc will grow faster than the nasdaq but we are still in the development stage.  100 years from today your 1 btc may hold large fiat value but you will not be around. 

there is still a large uncertainty with btc holdings.  you may get 2x or 100x your money or you may lose it all if subversive technology like classic gain dominance or full on bans from finance industry come forward or "they" decide to change the original aspects of btc like max cap or fees. 

in the long run there is no get rich quick.  your $400 investment today will NOT be worth 10k anytime soon.  btc is here to stay but the market will decide its value.  when a new product hits the consumer market sometimes there is a very huge expense cost in educating the general public on the benefits of the product.  bitcoin is not a company and does not invest in educating the consumer so unless any major financial collapse of major world governments bitcoin can only grow at a relatively steady pace.

OMG!! I'm part of the elite. That makes me so happy. I never knew owning 10 Bitcoin makes me part of this epic group.

I think that's probably true since there will only be 21 million in existence and really fewer that will be accessible due to lost coins.  There's not enough to go around for many people to have one.

Where do you come from, OP? This information becomes important when you say that "even your geeky friends don't know about bitcoin", because if you come from China or the States, for example, I'd be really surprised it it were true.
It all depends on the definition and the length of time. People getting into bitcoin now will hardly ever be considered pioneers, whatsoever, especially because 1 BTC right now is still a ridiculously low amount when you compare it with some other people. But you, who started in late 2011, were probably still part of the first 0.01% to ever use bitcoin. That's very pioneerish to me. Maybe not now because still less than 1% of the total world's population use bitcoin, but if we get to 10% in the future, you will likely be considered a pioneer. Now it all comes down to the definition you give to the word pioneer. Did you absolutely have to mine in early 2009 to be a pioneer, or can you also be one if you were able to buy BTC for less than a dollar in 2010? All this is related to the number of final users at said time. The more they are, the broader the definition.

What guy? 10k for a pizza? lmao. NEver heard this story.
Do you have a link?

10 BTC is NOT a lot. It is a senseful amount, stop day dreaming.

10 btc is 4.5k at today value, why it should be considered alot when anyone with an average salary of $1k can do it in 4 months?

50 maybe is a lot or 100+, not certainly 10

There you go.
https://bitcointalk.org/index.php?topic=137.0
Clicking this link apparently gives you the right to forget your brains on the way and start day dreaming about how rich you'd be if you had had 10000 BTC in 2010 and how stupid Laszlo was to buy a pizza for such a ridiculous amount of money. You've been warned.

in your country you can get $1000/month from your salary, but in my country the salary is very low, only $100-$200/month , to reach $4,5k (10btc value) i need arround 2year , i think 1btc is enough to be pioner.

I wish my solos would hit a block.

This. Early miners and those that joined maybe 2-3 years ago or so can be called pioneers. People that mined on their cpu's and gpu's hundrets of bitcoin a day, those are pioneers.
As to loosing coins to scamers thats another form of pioneering:) learn on your own mistakes and worn others, help fight hoax's and fraud's can be seen as pioneerish.

I am a dedicated Bitcoin holder and it shows as I have cold wallets where the oldest coins aren't moved for more than 2.5 years. It feels good to hold Bitcoin as it may turn out to be the best decision/investment of my life. I am happily looking forward to what Bitcoin brings for me. I aim for having 50BTC in offline storage before the end of 2017.

Very nicely put, I agree. I'm not holdind 1 BTC yet but in the end of the Summer 2016 I hope I will have one. Also living in a big city I don't know anyone who own 10 BTC. A friend of mine has several Bitocins because he used to mine more than a year recently but he never have had 10 BTC I know that for sure.

I'm almost part of the Elite group  ;D, slowly accumulating more and more Bitcoins.

Yeah its difficult for anyone to hold that big amount, as I have earned more then 1 btc for sure, but I have never had 1 whole btc in wallet to just keep it safe for future, as I keep on spending.

it would be interest to know how many poor people there are here, actually, that have joined bitcoin because they need money desperately, based on their country also

I just got into the pioneer group last week. I slowly earned my Bitcoin and finally got up to 1 Bitcoin, yay.

no,i dont think so,become a peoneer of bitcoin not must be have 1 bitcoin or more,some of my friends ask about bitcoin,and they interesting to bitcoin,even i dont have 1 bitcoin now.

I think 1 btc is not too huge to hold, and 1 btc cannot make you pioneer, I think you should have more number of bitcoins then you can feel like the king of the world.

I am multi pioneer :D
I don't think it is hard to hold that amount of bitcoin.

We all see this from different perspectives. An IT professional in the SF Bay area can become a "multi-elite" BTC member with a single paycheck. People in developing (formerly known as Third World) countries are less likely to have it so easy.

I know I'm not a Pioneer when I can buy a miner, have it delivered within 2-3 days max and then have it set up and churning @ >4 TH/s in 15 minutes or less.

Well yeah some people here like me finding a source of money that can help to increase my monthly salary but not all.. im just collecting bitcoin for trading to increase my bitcoin and wait for the future.. Honestly is just my hobby to collect and use it to trade i don't spend it for nothing...

yeah im with you dude.
I hope so too. because if I reach 1 BTC, this will be my first bitcoin. and I will attempt to achieve it.  ;D

I think you are right, for our grandchildren and future generations we will be looked upon as pioneers for sure, any of us involved in bitcoin in the first ten years of it's inception. I just need to accumulate ten bitcons or more. I once had over 20 but had t use that to move country so now I am down to less than one. I am now trying hard to change that. Aim is to try to make 12 bitcoins or more each year from now on. :)

Indeed.  That is one of the wonderful benefits of the Signature Campaigns, that they allow almost anyone to participate.  That is very beneficial to those in countries who have a bad economy.  The BTC that they receive actually matters.  Bravo to those who sponsor the Campaigns.

I am almost there, 1 BTC milestone... but personally I think one should have at least 100 BTC to be a pioneer...

I think nowadays the competition has begun because in past i have seen many people selling out their bitcoin for their local currency but now people have started saving it and its gonna be tough to predict anything.

Lets hope this will happen :D

It's too late for accumulating 100 BTC as nearly no one can afford to buy that many Bitcoins, unless you have a decent amount of savings where you can use a part of it for investing in Bitcoin. The majority of the people can't even accumulate 10 BTC in total.

In 1995, I was told that my monthly subscription to America Online was a waste of money.
In 2002, I was told that ditching my checkbook and using online banking was "crazy."
In 2003, I bought a 256 mb MP3 player, and I recall trying to explain what digital music was to people that still had not used the internet.
In 2005, I was the only person in my high school class that had a Facebook page.
In 2009, I bought an iPhone, and everyone wanted to see it.

**I live in a very rural area in the United States, and not many people here have more than a high school education. I still know a lot of people that have never used the internet.

In 2013, I met the first person in this community that made me feel like a Luddite. I am a law enforcement officer and I busted a guy that was using BTC to buy drugs on Silk Road. (I am not a federal officer. I caught him with the drugs and he explained to me how he obtained them.)

My point is that even though it has been seven years, just because people see something on the news or in a magazine, doesn't mean that they have the insight or the courage to jump in. Many people know about cryptocurrencies, but not many people have taken the time to consider the potential future. The operative word here is potential.

In order to understand that potential, a person has to dig very deep. In most of the world, that isn't close to happening yet.

One big factor that I have not seen anyone address, is that BTC requires one critical component, that does not exist yet... an internet connection. Even bigger, if it is going to be used as a currency, a person will need a smart phone.

You may reside in an urban area, and if you do, you wont see this. I have heard how this currency can help the "unbanked" in developing countries. Sure, it absolutely could... but you can provide them all the 2x4's in the world and they still can't build a house if they don't have nails.

Let them eat cake...

We won't be getting rich anytime soon.

Exactly, its very hard to get more than 10 Bitcoin unless you are already deep into your 40s and want to diversify your investments..

Or well if you are rich and have money to throw

If you have job that pays well it isn't hard at all to get over 10btc.
I don't even have job currently and I am almost half way there ;D

from which point of view? It's all about that, Bitcointalk doesn't represent the World at all and Bitcoin is speculation right now nothing more, there is no real market. What the World is interested in is just the blockchain technology and p2p as the best way to store datas

Everyone say bitcoin will reach 10,000 $ someday but will it really happen or is it just a wishful thinking of few early adopters or miners who have accumulated good numbers of bitcoin? I feel bitcoin has no utility therefore its reaching a high price is impossible

How about we wait for bitcoin to reach 500/1000$ first, and only then dream to become rich with 1 bitcoin.

Yes True we aren't really pioneers because we didn't discover the coin first but later on.

But I think that is only because we didn't know about this coin yet.

If I was friends with satoshi and he told me about this, I think I would be very exited back then and wanted to try it.

Because the first time I saw a Bitcoin video I was like yes this is going to be something great.

And my friends where like meh I this could be something good but I first want to see it.

I think everyone here is like me they see something in bitcoin that is great and better then the system we use at the moment!

I think this fact is pretty nice if you think about, the bitcoin will take over the world in the future I'm sure of that, so I'm happy to be a part of the bitcoin elite.
The future of the bitcoin is pretty unpredictable but its nice that the bitcoin will better and greater than ever right ?

To be honest we don't know what will happen to bitcoin in even 5 years. The currency hasn't been along for a very long so we don't have much to go on.

I think its also a honor to be a part of the bitcoin itself, its all new for people and is getting bigger everyday and that you can say that you was there from the bottom of the bitcoin is pretty cool right ?
The bitcoin is getting bigger and its the future of all currency's, everything is getting digital nowadays.

This is a good point :). Currently people who owns 1 BTC might be pioneers, but surely not a wealthy pioneer :).

less than 21 million people can have 1 bitcoin , because of all the bitcoin destroyed/ lost private key. I'm happy to have a little bit more than 1 btc, and i agree whit you, i'd like to be a tech grandfather to give healt to my grandchildren thanks to bitcoin :)

Yes this is right, we are not pioneers.

But we still can hold only one BTC for luck somewhere on cold wallet.
Only thing i don't know how many bitcoin believers are there?
If we approaching number near million, then we have nothing to worry about bitcoin.
Imagine 1 million of cold stored bitcoins? This can skyrocket price!

1 btc can be good if the price reaches to a moon, its always better to hold more number of coins in wallet, as we are not sure what would be the exact price of bitcoin in future.

It ix certainly something to be part of, it's just not that easy to hold on to bitcoins they  seem to slip through my hands too quickly.  I'm a gambler at heart but I think 2016 will be the year for me to hold on to what I get.

If in 10 years bitcoin has spread and become main stream, I will feel like a pioneer then, looking back to now.

If its just meandering in a niche market, then probably would say that got into it too late.

yeah this is right you must hold more in your wallet and make sure if you will trade it

Unless the price took a huge dive.  :D

Then we can start back in 2012-13 scenario and do this all over again lol. But yeah, its getting expensive it eventually appeals to people who need it now on a daily basis of their operations of business.

I think its always good to have 1 btc in your wallet, but we cannot judge what would be its value in future, as anything is possible, either you become rich or it will be useless if price falls down.

Maybe someday holders can receive some kind of rewards for hold them without affecting the supply...........

I think this is true, I think everyone having more than 1 BTC is for pioneers and shows respect for people... I think they will be rewarded by the bitcoin price when bitcoin goes mainstream IMO.

Sure I think so too, I think just a few people on bitcoin community has an amount of BTC like that though since allot of people have much more than just one bitcoin... I think these pioneers will win big when bitcoins go mainstream.

I have around a couple of bitcoins, I want to reach around 10 or more to be in the bulk of elite bitcoin users.

other than the handful of people who started bitcoin, the lucky few are those who learned about it early and were able to mine lots of coins using laptops and desktops only. we need a time machine to take us to 2008.

As quoted above might take place just to make the users much more into the bitcoin. Certainly such initiations will give good outcome.

maybe in 2024 we all will be early adepts Bitcoin and the elite will be the one who will have 1 bitcoin 8)

i think you should correct your post tittle,its written 1 BTC,not 10 BTC. yes you are maybe right,if people hold 10 bitcoin,he's peoneer,but its depending how they used that bitcoin,if they only hold and not use or trade it,they just against bitcoin.

He says that 10btc is elite and 1btc is pioneer.
So no need to change anything in the title.

I think 1 btc is not too big amount to hold majority of people would be holding it, I think if you hold anything around 20 btc then you are a pioneer.

I have hold the bitcoin for a few years. I use some when I need to buy something. It is a good investment so far.

I also bought one bitcoin, but I can not help it, I use it to play trade and investment. because I feel it could make me a profit. I still includes a pioneer ??

Over 2.5 million bitcoin are permanently lost.

Several million bitcoin are held by early adopters.

Right now there are less than 500,000 wallets that hold >1 bitcoin and a little over 100,000 wallets that hold >10 bitcoin.

I don't think there will ever be more than 2 million people even holding 1 bitcoin.

I really can't believe the naysayers that don't understand bitcoin will be really expensive because mathematically there i no other way.

If bitcoin gets popular and everyone wants a full bitcoin that's just impossible because there are just so few bitcoin, but if a bitcoin only costs $1000 or even $10,000 it will be way too cheap because the rich or even moderately rich people will buy all the bitcoin. And even the relatively 'poor' people will be able to afford way too much bitcoin. There won't be enough bitcoin left to divide.

The only option is for bitcoin to be really expensive ($100,000+)

gold is not practical, it's too expensive for its weight (you could get groceries for a week with 2 grams of gold, which would get lost in your pockets). (i know, i know there are 1 gram gold bars, but even that is not very practical for everyday use).

The other problem is the fact that you can't get change easily. Right now 1 gram of gold is about $42, so what if you need to shop for $75? 2 grams is just a bit too much but 1g is not enough by half.

It's just not convenient. But bitcoin is just as easy as using a credit card.


not sure if 10 bitcoin will ever be enough to buy a jet (i hope so, but i doubt it).

but it will be more than enough to pay for everything you need in life if bitcoin gets mainstream.

A house, a decent car, and all luxury you need for pretty much the rest of your life. As long as you don't waste too much money.


that was literally the first time ever recorded that someone bought something for bitcoin IIRC. Bitcoin were not really worth anything back then, and if a value was to be assigned to them it was something like $0.0025 per bitcoin.

Im only a semi pioneer, cause i only have 0.5 btc. I have to wait 3 months more to make it 1btc. By then im proud that i earned 1 btc in my 1 year and half in bitcoin world.

Early miners and those that joined maybe 2-3 years ago or so can be called pioneers., but not those who hold one BTC

Well said. At present from my opinion person who holds a minimum of 100bitcoin can be considered a pioneer. If the bitcoin touches the unrealistic $100000, then we can say a person with 1btc a pioneer.

well with current based numbers, i mean current ammount of total global world population with used bitcoin, that maths maybe are right, but dont forget that things could change soon, what is a "small" amount of bitcoins (1 bitcoin) now, could be a high ammount of money if more % of the total population start to use it.... so in the end everything is relative.

the only people who will called as pioneers are the people who entered bitcoin in the year 2010..
they dont know that price of bitcoin will go too far as they expected.

Holding 1BTC kind of makes you a pioneer, but all it means is that there will only be a maximum of 21m more people who will have more Bitcoin than you. It doesn't really mean anything else from there.

Exactly. I still think that and will think so forever, because of the total supply and current circumstance, anyone holding 1 BTC is way ahead of the game, and 10 BTC means you have been around for a while. This will be rewarded with time, and the more time passes the bigger the reward. Most people will never own 1 BTC, and 10 BTC is already impossible for most people, since most people can't afford to invest 4.5k on Bitcoin.

As of today I'm part of the Elite's. I just gathered my 10th Bitcoin and moved it to cold storage as a long term investment

10 bitcoin is quite a lot of money even for now. In 20 years, you will be a multi millionaire or even more.

multi millionaire with 10 bitcoins? just no. it will mean that 1 bitcoin will be worth more than $200,000 in order to be multi millionaire with only 10 bitcoins. it won't happen.

Yes for a lot of people it is much hard to get 10 BTC as for that they should have to invest about $4500, there are only a little amount of people who are willing that much amount or more than that on bitcoin to benefit from the price increase or to spend on their businesses.

1 BTC seems low but you are right fro some people it is quite some money. You could live for 3 months with 1 bitcoin. So yeah 1 bitcon show you are believing and are ready to take it to the next step.

For most of the people long duration is needed to earn 1btc for those people 1btc remains a large amount. Few people are there for whom 1btc remains  a very small amount as they have more number of bitcoin in their savings.

pioneer if bitcoin long life and keep growth until we have better life on future.
its hard for us to get stats about bitcoin owner,even tracing who have the address of some bitcoin is still impossible for now.

I think if you are just holding 1 btc we cant call it a pioneer.. because 1 btc is not enough for now.. better to collect more bitcoin or start your own business to make 10 btc in one year before we can call a pioneer..

In 20 years we will be in the 8th reward era which means the block reward in that time will be ~ 0.4 BTC and 99,6% of all coins ever will have been mined.
If Bitcoin will still be around in that time, I think such a high price is not unlikely.
Just look how tiny Bitcoin still is with it's 7 billion market cap compared to all the other markets like precious metals, stock, bonds, derivates,real estate M1(coins and notes) and M2 money supply.
I mean even Satoshi himself said that in 20 years there will be a lot of Bitcoin transactions or it will be zero.
If Bitcoin can make into the mainstream I predict that in 2036 we will pay with fractions of Bitcoin.

I think anyone can have 10 bitcoin and it is possible for anyone to get 10 bitcoin from internet, yes from internet. If they learn to earn online they can one day collect their 10th bitcoin and at that time they will be in elite.

i think 1 btc is fairly though to be honest. right there there are about 15 million coins mined so far. lets assume about 1 million are lost permanently. meaning you are 1 in 14 million people who hold a bitcoin. that doesnt sound like pioneering to me.

Good luck for you, you have a good investment for the halving. I am also waiting for the time when I have my 10th bitcoin and for that I am struggling hard. But I will not send them to cold storage but I will start a good business with that.

This is how bitcoin should be "viewed", similar to like "water".

Water will always find its way to the hardest point which is most effective - eg: argentina, china, india, and other countries that need it more then US situations.

Eventually that water will be needed to do growing pains in those countries based on their own monetary systerm.

Is it a shame to be a pioneer when i am in bitcoin more than year? I really want to multiply my goods so i am waiting for halving and all my hopes on free profit.

Halving can take the price of bitcoin to a higher level and holding till then is  the best thing to do, as it is predicted that we will see all time high at halving.

I will hold my bitcoin until at least after the halving. If there is no big pump, I will hold it for much longer.

Yeah if you want to make huge profits then you need to wait longer as the price will not reach to the moon overnight but holding 1 btc will always  be good in long run.

Not right now but maybe 3 or 5 years later. You can buy 10 BTC for only 4600$ right now, that's not a hard thing to do. Everybody can have 10 BTC. When the price hits more than 5k $ then your point will be valid though.

If bitcoin became mainstream, then 1 bitcoin will mean something.  We just don't know if it will ever become widely used or not.

It is hard to be sure about this completely but I believe even if you can hold around 5 bitcoins your children will have so much better life.

I definitely wouldn't consider someone that owns one bitcoin a pioneer. A pioneer would be someone who invested in bitcoin when it first came out.

Yeah and 1 btc is not a huge amount to hold unless its value is in millions and that seems to be impossible, I think if you hold 50 btc or more then  surely you are an pioneer.

Well i agree with the vision about being pioneers,should be the first members to hold and trade bitcoin not a rank system to qualify the ammount they hold ,and well holding just 1 btc is very easy ,soo i believe those ranks are for holders with atleast 20 bitcoins those are maybe pioneers.

Not sure of that. Gold's finite quality isn't actually locked down. As conventional deposits are getting mined, more sources are being explored. However, we KNOW that there is a LOCKED limit for bitcoin. Gold's value is partially tied to the ease, or lack thereof, of obtaining it. If a new gold mine is discovered, the price would plummet. If a new sieve system is invented for harvesting from Alaskan waters, the price will reduce. If sanctions are imposed on gold producing nations, the price will increase.

In this way, Bitcoin is almost more robust than gold. However, it also means that there is an absolute endgame, wherein the trade of bitcoin is a zero-sum game. At that point, it will have a value determined by global consensus. A major controlling stake in the global supply would be needed to seriously change the perceived value relative to usable commodities/services.

probably the first person to use bitcoin as a user and bought more than 100 BTC or more.
maybe it could be pionerr. if the thought has 1 BTC is a pionner? then there is a lot of pioneers

Well, considering that there can only be at most 21 million people who can hold 1BTC each, we can be considered pioneers. But the fact is that there can never be 21 million people that holds 1 bitcoin each because some large groups are holding on to large amounts of bitcoins.

Yeah and I think majority of users on this forum would be holding less then 1 btc, there will be very few users who holds more and those are ones who are actively participating in trading.

I have 5 BTC but my ordinary life not too rich and not too poor. I still find it difficult to shop for my money is still small ?
maybe if bitcoin prices rose more than $ 10k. certainly it will be a different story
holds 5 bitcoin maybe already have a comfortable life ?

I think you are already a rich guy, 5 btc is really good amount to hold at a moment, as I only have 0.8 with me now which I will sell when I see higher price.

I think you need a minimum of 50 btc to get somewhere.

Any value though, you need a certain more of a quantity basis then hoping for value increase.

how much bitcoin you are holding is just dependent on you and how much money you want to invest in bitcoin. if you have at least 1 bitcoin you can be considered a pioneer, or an early adopter who looks back to these days of cheap bitcoin and says i had bought bitcoin when it was cheap.

I think its not quite like that, i think you need more than that to be called as an elite, its all depend on how they spend their bitcoin and how they contribute to bitcoin society

I totally agree with you. 1 BTC is quite a small amount of fiat at this time, but it's actually pretty hard to get if you decide to work for it.

10 BTC is even harder to get... As you mentioned, only a small part of the elite own more than 10 BTC.

I think bitcoin has a lot of potential. That's why i am involved in it.

You don't know how right you are.

I was relatively late to the bitcoin game, but I managed to catch BTC on the rise to 1.2k. I made about 3 bitcoin from that. I knew a drop was imminent, so I backed off for a year. And here I am, 5 BTC in a cold wallet.

Another 5 are 7 feet under with my crashed hard drive.

Do you mean you lost 5 bitcoin due to the problem in the hard driver?

I don't think 1 btc  will make you pioneer, if you want to be a pioneer then you need to hold more number of coins atleast say 100 btc.

100 btc it's not a pioneer, it's maybe a bitcoin pro or somebody else but it will not pioneer for sure ;D Pioneer with 40000$! LOL! ;D ;D ;D

yeah i agree, i think in this day and age everybody should hold at least 1 bitcoin. it is not really that expensive if you think about it. you are making an investment and when you think about the possible profit against the possible loss you will see that it is a profitable investment to make for long term investment.

Yeah every investment needs time to grow, you cannot expect best returns in quick time, if you invest in bitcoin then you need to give it some time to earn best returns in future.

The goal to guarantee that you can enjoy big wealth yourself is to at least have 21 BTC, so don't settle for only 1, that's nothing. We are still in the early days so having BTC is doable if you keep working and buying and stay focused on buy and holding strategy.

Less than 1 million people will ever own 21 BTC, because a lot of BTC have been already lost, so you actually need around 18-19 BTC to be on this 1 million people only group, but having 21 BTC is just cool so I would aim for that.

21 bitcoin is a lot of money to most people in the world. There are 500,000 forum members, that would be 10 million from us.

Only 21 million people can have 1 Bitcoin!
So 1 btc in a wallet is a great sum (we are more than 6 billions!)

For me 1 btc is not that high amount as it will never make you pioneer as if you want to be a pioneer then you need to hold good number of coins.

To be a pioneer with just a single bitcoin is a useless statement. These days most users hold single bitcoin, it doesn't make all a pioneer after years. One who keeps on multiplying through different methods and holds a huge volume of bitcoin can be considered a pioneer.

Yeah if you want to be pioneer of bitcoin then you need to hold great number of coins in your wallet, if you hold 100 btc at this stage then you are a pioneer.

it's back to the bitcoin price if you hold 10 bitcoin and the price for one bitcoin $10,000 you are a pioneer but if the price one bitcoin $100 :)
answer yourself

Yay to being a pioneer.

But damn, I`ll be hella old to see that value to even be proud of it lol.

$10k I can only imagine how long and you know how that story goes.

Yay to being an elite!

I think no, so many people holding 1btc but many people can't be elite at the same time. I think real elite must reach 10 bitcoins. 1 btc is really so easy  to achive.

If there will only be 21 million in existence, then those that accumulate 1 bitcoin could very well be considered pioneers.  In years to come, 1 bitcoin could be worth a great deal of money and hopefully the 21 million bitcoins will be spread to more than 21 million people.

I've never owned 1btc because I always convert it. You know, for daily life. So I'm not part of elite haha

Here's a detailed ranking guide for your reference:

https://bitcointalk.org/index.php?topic=1399470.0

The most are hoping that the value will be higher and that is nice because they all want to make some more money with it but they are not for sure that they can earn profit.
But they know that the halving is coming towards to us so that would be really nice for you if that is possible to sell it with huge profit.

i think buying and holding 1 BTC should be anybodys goal,

i have already reached this goal and i think myself as a pioneer. because lets face it, bitcoin is so undervalued right now and it can go so high up in the price.

This is a very nice conclusion but it’s true for even if most of the people would ask the same question over and over if how many people nowadays have 1 btc I would definitely would not include myself for I really don't have until now for I always spend the money it’s always been a big help on my part. I don’t think that I will be able to earn this 1 btc someday but if ever I can have higher earnings I would probably let my btc stay here and when needed for my future will use them.

Its good if you have kept 1 btc safe for future, but this is the time to earn or buy as much as we can, so even if price is lower in future if we hold more coins it can help us in best possible way.

If the average forum members have 10 bitcoins, that could be 1 million bitcoins owned by us members.

1 btc will never make you pioneer as it is very minimal amount to hold, if you have 100 or 200 btc in your wallet then you are pioneer for sure.

No more than 21 million people in the world can hold more than 1 bitcoin. There are 7000 million in the world.

it's nearly impossible for 98% of the people to collect at least 100 coins at these prices. early people have had enough time to accumulate as many coins as possible at sub $50 prices back then. and the real lucky ones could get themselves thousands of coins for a few bucks per coin. these days are over. people now already struggle with having 1 whole bitcoin.

Yeah and its unfortunate that we missed that opportunity in the past or else we would be holding huge number of coins at this time and then we would be surely a pioneer.

those few people who have 1000 or more bitcoin will be the billionaires of bitcoin

those who hold 1~10 bitcoin will be the millionaires of bitcoin

those who hold less than 1 bitcoin will just be the middle class of bitcoin, not rich, but they can manage to afford to pay their bills.

Exactly and who knows where bitcoin will land in future, even if 1 coin reaches to millions, then everyone would be millionaire for sure even with 1 btc.

I think I will encourage all the people I know to hold at least 1 bitcoin. I told them about the bitcoin, but they do not care.

Now a days, to have one full bitcoin, we have to buy it, other than this you will do not have any other quick method available for that. But, most of the people are expecting their Bitcoins for free, but ready to put their efforts to earn it.

I too believe one bitcoin will not make you pioneer.

Even if 1 BTC goes to the moon, when would you be selling and cash in?

1BTC is not enough to make you are a pioneer, i think the minimum to be a pioneer in bitcoin you need arround 100BTC :)

I agree chief ,1 btc is the normal amounts for the investors and holders of bitcoins nowadays.Now to be a pioneer maybe holders of 100-200btc upwards as said.

There will be no more than 21 million people in the world can have more than 1 bitcoin. If you have 1, you are ahead of other 7 billion people.

If none has bitcoin, and when you have one then you are a pioneer. Already there are users who own more than 1000bitcoins.

How can you say that having 1 btc makes you a pioneer?  Then i can say that im pioneer right now cause im holding 1 btc.i recently  bought that btc when the price is 560...and now im a pioneer.

i think it would be easier to talk them into owning at least $10 worth of bitcoin. $500 is quite an investment, but almost everyone can miss $10

If every person in the world would spend $10 on bitcoin, than we'd already create an enormous rise in price.

In my country, $100 per bitcoin owner is an achievable amount. So we should encourage people to buy some bitcoins.

The most people with Bitcoin are now holding and that is nice because they know that they can earn some more money with Bitcoin and the price has already rising so that is nice.
The halving is also coming so that is why people are happy with it because they cant do anything in the past.

Yes. Holding can make most the profit. I have been holding since early 2013. But I also use small amount.

This, but you are not even taking into account the fact that if you don't count lost coins which are lost forever, it's way less than 21 million, and we are FAAAR from being anywhere near mainstream.

1 BTC = pioneer for sure.

You can be only named as pioneer if you hold 500btc.. these are  the people who beleive in bitcoin in the first place,  they are the ones who bought btc in a low price.

It is all relative. 5 years ago, you have to hold 10,000 to be a pioneer. Now you need 10 to be. In 10 years, you just need 0.1.

that's correct. people that had 10,000 coins back in the days when a bitcoin was worth next to nothing, they nearly all have sold their coins. and now these people are just holding around 10 to 20 coins, which is still a more than decent amount. after 5 years if the price keeps going up significantly, they will have just a few coins left. the thing basically is: the higher the price is, the lower the amounts that people will hold.

Sigh....

Something with practical utility (like, bread/roman denarius) but limited (scarce) is THE DEFINITION of value sought after by the masses as time passes.
Honestly, are you trolling? This is economics 101.

i totally agree with this subject. i also always tell my friends that even if you don't like bitcoin or don't want to use it or invest big in it, you should at least buy some bitcoin now that the price is low and keep it. and investing small means you don't lose anything big but you will be involved with bitcoin and will not miss out on anything.

1 BTC seems somewhat arbitrary to be classed a "pioneer", does it not?

Bitcoin, as a deflationary currency, and as with gold, essentially rewards early adopters; that will continue (albeit the advantage for later adopters will decline significantly) right up until the last remaining fiat is exchanged. I consider myself to be an adopter without that full amount.

If you hold 100 bitcoin, you will be a pioneer in 10 years. At that time, the average coin owned by per person will be less than 1.

It doesn't really matter how many Bitcoins you have, you are still a pioneer. But I am glad to see that I am part of the elite. :) Buying any amount of Bitcoin helps the economy.

Well I wish that I have known bitcoin when it still was next to nothing. I have only known that bitcoin exist for only a few months and not even a year. If I have knew it way back 2009, I should have started doin faucet that time and probably im rich now if I have known bitcoin way back that time. But Ill still trust bitcoin and hold 1 BTC.  ;D

Yeah definitely. In a few years the average coin owned by the average bitcoiner will drop dramatically. I doubt it'll even be 0.01 BTC because there will be at least a few billion people using BTC.

So yeah, definitely a pioneer if you hold any amount of BTC now.

Your words make sense. In the event that BTC remains in effect during that time.

bitcoin yeah whatever you've got. you included pioneer. anyone that if they user their bitcoin is the pioneer of bitcoin
pioneer is not judged by how bitcoin they had

For me what ever amount you have and you're in bitcoin industry i think your still a pioneer what ever amount you are holding even small or even big as long as you're part of the community youre a pioneer.Thats my opinion

The adrenaline rush from this bull run is tiring me.
I truly believe that somebody with 10 BTC will be part of an elite group.
This might be recognized as early as 2017-18, the way the current bull run seems to be headed.

In my opinion anybody who holds any amount of bitcoin is a pioneer. While anyone who owns above 1 BTC should be the part of an elite. If you look at the bitcoin distribution chart there aren't that many addresses containing 1+ BTC.

But you know, bitcoin has a long way to go and it's always good to invest more into it.

Having dust transactions in your wallet won't make you a pioneer.
This is true irrespective of how high Bitcoin rises.

10 bitcoin will be a lot of money in a few years. I reckon the price of bitcoin could be $5000 in 2018.

Nowadays 1 BTC is not a very large amount, and it will not make anyone pioneer even when the price cross $1000, for becoming pioneer we should have at least a hundred BTC.

Maybe in the future 1 btc will be worth high.. but yeah your right for now we are making profit with our bitcoin if you are already have 1 btc you are making a profit while the price is increasing fast.. and more price will come.

Exactly, if you have 100 btc then you are a pioneer for sure, as 1 btc is too small amount to hold, and if price of 1 btc is in million then you can be pioneer even with that amount but that seems to be impossible at a moment.

I think that pioneers is guys who working with bitcoin from the beggining, nowdays everyone know how to make some money so we can't be a pioneers anyway.

Everyone says that people who bought at $100 are really pioneers of bitcoin, but to be honest we are also pioneers as bitcoin has not reached everywhere yet and when it will reach the value would be higher which will make us pioneers.

People that get in in 2026 will think 2016 people were pioners, people that get in 2036 will think people that got in 2026 are pioneers.. and so on, the cycle never ends. The more you stay in delusion ignoring BTC the worse it will be.

That's true and I think rather then thinking of anything else we should concentrate on collecting bitcoins at a moment, as more coins we hold higher profits can be expected in future.

I think 2026 could be last year to be pioneers. In 2026, the bitcoin will be more popular. In 2036, most people in the world will have bitcoin.

Thats right I think. I can classify myself as pioneer too as I think bitcoin is still on its early stages, bitcoin are just here for 5years and still counting.

Holding is now the best thing that you can do and that is because the value of Bitcoin will be more worth so that is really nice.
And the chance to make some profit is also higher, you have just only to wait and see for what will happen later.

Holding 1 btc for long term is really a good plan and you need to make maximum efforts to multiply your coins as more coins will result in higher profits in future.

Which is exactly what's happening right now... people don't believe in Bitcoin, they don't use Bitcoin as we envisioned, they don't want Bitcoin.
Face it, the only thing anyone holding bitcoin right now wants is getting rich in USD or whatever local fiat currency they use.

In a lot of years, people will think that the people of the present that didn't buy 1 BTC when it was possible without being rich where complete idiots.

piooner or not, I think it would be the same. if the price of bitcoin increases, it will make a profit, and make them jealous, but if you hold 1 BTC and then the price goes down, you can still make it grow by investing or trading. all depends on your thinking

I am not sure if that is the basis of the people around that holding a 1 btc will make you a pioneer. I think that depends on the knowledge of the person who even does not hold any btc at all. Anyone can buy a btc on their own as long as they have the money but if a person does transact more about btc in every day transaction then I would include that he knows what btc is for. Buy and sell in btc will have you more earnings in the future and will make you have more business.

Well, i'm holding around 2 bitcoins right now and it's because  the price of bitcoin increase so high and the halving is close. So i'm also a pioneer but hold 2 bitcoins haha.

Thanks for this! I have 1 BTC so I'm glad someone calls me a pioneer. And you are right about people in real life: I have a friend, he lives in a very big city and works for banks as a software engineer, we haven't spoke for several years and one week ago I was talking to him on Skype and I was very surprized but he didn't know about Bitcoin until that time we spoke.

Yeah 2 btc is really good amount to hold at this stage as price will go higher at the time of halving and you can make good profits by selling at that time.

In 2012, I held nearly 40 BTC. In 2014 it was roughly 20 or so. Today I hold less than 5. Its not because I gambled them or such, but i cashed out. I almost cried when i sold 20 btc at 200 a pop when less than 6 months later it climbed above 1k.

That's not nice, but be happy you didn't buy at 1200 dollar either;)

The amount of btc is not important the fact that you hold bitcoins makes you a pioneer.

The price holds then your theory is correct.

But if the price point isnt high like how it is now and holds then they still have a chance without facing to hear all the problems we seen with bitcoin.

The only edge we have is pretty much is have slight more coins then most average joe.

Its always good to hold maximum number of coins for future as we are not sure what will be the price of bitcoin in coming years, and I think 1 btc will not make you rich you should  at least hold 50 btc.

And not so long after that it was under 200 dollars again. If you would have bought it back, you'd be laughing again now.

Although I like the statement that we're all pioneers, you can only know that for sure when much more people use it. With blockchain being full without space for more transactions that won't happen though, the netwerk simply can't handle it.

I bought some in August last year. I have used some from then to now. I will keep on using them to help the ecosystem.

holding 1 bitcoin may make you a pioneer in the future if more people start using btc and the price become very expensive because of the limited number of available coins. but without more users, being a pioneer would be useless

What do you mean by this? that the block chain size is growing substantially and it will eventually become to large? I can see this happening, as time goes on, the blockchain grows exponentially. Its already around ~80Gb. Factor increased transactions, increased usage, its not unfeasible to see this number grow into the terabytes in a few years.

Minors would have to refactor their equipment, services would have to be reduced as the increased demands of storage costs etc.

You will be called as a pioneer only if the price of bitcoin reaches to millions, and I don't think that is possible soon, if you want to be pioneer at this stage then you should hold at least 100 bitcoins.

I would actually differ just slightly on this statement. i would think that a pioneer would hold substantially more. Maybe in the 1-10k range.

Why?

In the early days of bitcoin it was exceptionally easy to mine. It wasn't uncommon for individuals to have several hundred back in the day.

1 btc is really too small amount to hold, if you want to be a pioneer then I think you should hold higher amount of coins, but as we are into bitcoin at this stage, we can be a pioneer in future.

When 1BTC is around $750 i think it's right, you are a pioneer but people always want more, so better to make achivements for people who working with bitcoin ;D

I a few years, if you hold one bitcoin, you are a rich guy. The price will be high and you can use micro bitcoin to buy things.

better hold and it will grow till 50 000 bucks  :D

Holding now around this time is now the best thing that you can do and that is because you have to know that the value of Bitcoin will be more worth so that is nice.
But of course it is hard to know what is going to truly happen in the future.

Yes. I personally am a long term trader. I just hold and sell during halving, but I have a separate long term wallet for 2020 and the years after.

I wonder what things will be like for bitcoin in 2025. I also wonder how many times bitcoin will have "died" by then.  :D

It could either way. But that's why it goes to decimal points.

Yeah we don't know what will be the exact price in future but at a moment holding seems to be an good option as price has started to go down so better to hold till the halving.

Its speculation though. No body knows for sure what would happen to the price.

We need to act and react smart when it comes to making profits from bitcoin, I believe in making quick profits so buying and selling is a continuous process for me.

It is simple to say if you have a good amount of capital because you can take advantage even with a little fluctuation of the price. But having 1 BTC will give you a good amount of money if the price only after 20 years will go skyrocket consistently every year.

Well its nice to hold more than 1 btc now. I think all who holds bitcoin should be called pioneer not just the ones holding more than 1 BTC. I think everyone is a pioneer because they hold bitcoin even if the future is unpredictable.

I buy and sell continuously as well. One has to realize that the only real profit is a profit is realized. I don't mean to sound negative, but those who are holding for $xxxx have the possibility of losing $xxx. The only real profit margin is the one between your selling price.

This is not true. We don't need more users, we need more wealth to come in. I don't care if this means more users or just a handful of whales diversifying their portfolios. If whales start moving their portfolios into Bitcoin, we will have 10,000+ per coin overnight and the userbase will not be increased that much, just the price.

you're right, maybe this time good enough to hold one bitcoin, even if you are a pioneer, but it was just a designation, you can make a profit any time with 1 BTC, even with hold

I will try my best to get up to 10 bitcoins in the next 5 years, so that no more than 2 million people will have more bitcoin.

1 btc is not a big amount to hold now, so I think we should make more efforts to collect maximum coins now and in future we can surely become an pioneer.

1 BTC is not considered pioneer now, but for a person in 2035 it will be considered a pioneer.


http://esotera.eu/wp-content/uploads/2015/08/btc-supply.png

So as you can see here, by 2035 the mining reward will be so low that 1 BTC will be considered a big amount. This can only mean one thing: Big purchasing power.

It's so simple and so clear that it's all about buying and holding long term to get rich, but some people are in denial yet and can't believe the fact that BTC will be worth millions of dollars in the future.

I don't think that I will be alive by the year 2035 so I will  not waste my time in thinking that long, I will prefer to keep on playing with it in short term and keep on earning profits.

Short term profits are just luck. One day you might try to short but the price will keep going up, and you will wake up at 1000+ but you sold at 700 thinking it was a great trade.

well it depends on how much money you have and how much money you make out of your job, in my opinion its not that small of a sum because bitcoin price is going to be huge in the future

i think its a really good thing to hold 1 bitcoin because in this way person who is holding will be able to make profit, also he is a bitcoins pioneer then as not a lot of people will have that much coins in the future

We're still on the early stage of bitcoin, so I think holding 1 bitcoin will already make you a pioneer after 20-30 years of holding. As I think the bitcoin might be used worldwide, I dont exactly know how but I believe it will happen.

Well don't you think bitcoin will more high value in the future.. its impossible for me that after 20-30 years we will see that the price of bitcoin will times 10 its impossible to think that even we are all using bitcoin.. and bitcoin price is always relaying in demand and supply not how much bitcoin live in crypto currency..

It depends on what price you think some one can be a pioneer. I can't really see the price go much higher than $10,000 at some point in the far future. I think when you have 10 BTC that you are much more likely to be a pioneer.

Yeah 10 btc is really good amount to hold for the future, and that should be our primary goal to hold that amount of coins, and if we hold more then it will be a bonus.

To me if I hold 3btc in future I think myself as a pioneer in bitcoin, that too is difficult to earn in few days, it takes long days to reach this goal.

Yes earning bitcoin is not easy at all, you really need to work hard on it, but its not impossible to earn it, and if your full time job doesn't allow to spare time for bitcoin then you should simply buy it.

It does not necessarily mean that if you have a large stocks of bitcoin then you are already a pioneer. Others just have more cash to begin with but there is also partial truth in what you said since not all who have cash purchase large bitcoins some earn it overtime. But let us also consider those who own bitcoins in very huge volume and hire people to operate them.

Only the long time holders will be a winner in the end, regardless of your amount in holdings does not quality you as a pioneer as pioneer for me would mean those people who adopted early with bitcoins and becomes filthy rich already.

The total blockchain size doesn't matter, but the blocks are full. It's not possible for (say) 10 times more users to make 10 times more transactions, unless blocks grow in size from 1 to 10 megabyte each.

The block size is almost full now. We need the block size capacity to double every year if the number of users also double.

That’s really a cool statement. Well although no one can predict accurate future, it feels really great to ride in a boat which is going on a long journey. Bitcoin price will keep fluctuating for a long time, probably a decade but it will keep increasing because the law of demand and supply. I seriously think if we really care about bitcoin then we should also spend our bitcoins instead of just acquiring because movement is the key to growth.