Bitcoin Forum

being one in a million is one of those interesting topics in bitcoin if you ask me. we all know that there will only be 21 million maximum bitcoins available (ignoring the number of coins lost).

so if you have 21 bitcoins you can be one in a million.

now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.

The following is the cost of being 1 in a million throughout the past years.
* bubbles are ignored and price is average

Year	|	21BTC cost
2008-2010	|	Practically free!
2010	|	$3.7
2011	|	$84
2012	|	$188
2013	|	$2,200
2014	|	$9,030
2015	|	$5,670
2016	|	$12,117
2017	|	$21,210 Today's price (2017-2)

when you look at things like that, they seem pretty ridiculous that once you could be 1 in a million with only 3 bucks but today you have to pay 21 grand to be 1 in a million

---

The 6 months updates:

Date	|	21BTC cost
2017-6	|	$50,400
2018-1	|	$294,000
2018-6	|	$157,500
2019-1	|	$???

I wish i started mining and bying bitcoins back in 2010 like the early adopters.
I was pretty stupid at that time. >:(
I don`t know what`s the point of this "research"?Do you have 21 btc?
I will never have 21 bitcoins.

I think the cost of bitcoin at the All Time high in late 2013 and early 2014 is as high as now, about $1000/BTC.

It's the potential of the bitcoin as well as the magic of time. Those who adopted bitcoin in the early phase (2008 to 2012) have received multifold returns on their investments however I personally believe that we are still in early phase and bitcoin is yet to show it's real potential and we will see it over the time. In next 10 years, bitcoin will have a good noticeable user base as compared to that of other payment processors.

If you say you'll never have 21 bitcoins, you're right...you never will.

Where's your confidence?

Don't get stuck in the past! Think about where we are today and how lucky you'll be in 5 or 10 years that you knew about bitcoin today. What can you save in a month? Take that money and buy bitcoin. Fractions every moth add up to a whole in surprisingly quick time. Just make it automatic and stop discouraging yourself!

the price was about the same as today for a short time back in 2013 but that was a fake pump leading to a "bubble" in bitcoin. and bubbles are not real prices and will pop as we saw it afterwards.


nobody said you should have 21 bitcoin!
have whatever amount you can have, whether it is 21BTC or 0.21BTC price is rising overtime anyways!

When I watching this list that OP presented us I wish I started mining, buying, I would even claim bitcoins from faucets back in 2010. I can`t say I was stupid back then, I just wasn`t aware of bitcoin in that time even I was very active on internet.
Back then was much easier to make 21 btc, now its harder but its not impossible I think. I wonder how will this list look like for 10 years, when I watch this list I have a feeling that bitcoin can really go to the sky in next 10 years. Thanks for this awesome list and reminder my friend.

i love people who gives words of encouragement not some huge words of drawback that goes around with other people, but also, my friend it is only time that tells if u are really sure to make up to or more than 21 bitcoins, to me i have not made 1 bitcoin yet, but......

considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  :)

People are now going to wish that they can turn back time when Bitcoin is free so hey can get as many as possible,but this is not possible anymore and now people in the altcoin section are still stuck,searching for the next big thing in the crypto currency.

The point of this research only is to get the opinion's of the individuals in this forum. Though like you it was regrettable to me way back 2014 I think when bitcoin downfall at 200$, I supposed to buy that time but because being negative I didn't listen to friend advice to buy bitcoin, but I never buy any of it even a single satoshi. But its almost past, so now I saved bitcoin every time I earn at the end of the day.  :)

Many people wish they could turn back time but we know this is not possible. So, what is don is done, there is no use in regret. Instead we should look into future and see how to profit the most from the current situation and make plans for future. Acumulate coins, trade them, invest them but don't expect the mirracle. With Bitcoins you should also invest your time and knowledge and nothing doesn't fall out of the sky.

You are right theres no point on regretting as of these days since we cant really go back in the past and the feeling of regretting is really there but we cant do anything about it and as you said we should focus now and just do the normal saving up of bitcoin because theres still a future on bitcoin.

One in a million as OP pointed out is usually about having the amount out of the total supply not the current supply. currently it is 16+ million coins and it is rising by about 1800 bitcoins every day. so if you want to consider the current available supply you need to increase the amount you hodl every day.

It's a great achievement to become one in a million in Bitcoin. There are approximately 15 mln dollar millionaires on Earth. So if you are one in a million in Bitcoin it's 15 times cooler than to be a dollar millionaire  ;)

This just shows the potential of bitcoin, as we can see its growing exponentially and I don't expect it will stop. Now, unfortunately, not 1 in a million and probably will never be if bitcoin prices keep on rising like this.

I guess most of us wish they bought Bitcoins in 2008-2010..... I didn't even care that much about investments at the time.. But today it shouldn't be late either! If the price of 21BTC grew by this much from year to year.. It should mean that in the next years it can go even more above! :)

It will just cost you more as time pass by. But for me, it is not important to belong to that 1 in a million group. It is more important for me to get as much bitcoin as I have before the price becomes too high to avail a bitcoin.

Unfortunately it's unlikely the price is ever going down to even just double of its lowest. Sadly I only learned about bitcoin last December. So yeah, sucks for me. 21 bitcoins is still something to aspire to but I find it unlikely for me. I'd probably need to work my ass off 24/7 hours to save up that much in 5 years. Minimum monthly wage here is around 1/5 of a bitcoin.

For us late adopters, we probably just need to spare a part of our monthly earnings and have it converted to btc. Sure, we'd be buying less and less each month as the price rises but at least whatever small amount we got would be worth much more after a year.

Time can really tell the difference if something of someone has progress, well bitcoin came in an unexpected price that you would not imagine that it would be this big right now, well I think the time has a big influence and the value of bitcoin is this imaginably big right now well I can say bitcoin is a 1 in a million Cryptocurrency that stood to the test of time!

That is a nice way to put things in perspective.
I didn't think that owning 21bitcoins would be a one in a million sort of thing.
I got close to that at one time last year but then some bad investments caused me to not get there. Just a few bitcoins short.
But if I knew it was a one in a million to own that amount I would be tried harder to get to the amount needed to be able to feel that special. ;D

This is simply great for bitcoin. we have all been hearing about the low prices such as $1, $0.05, etc but it is a bit hard right now to imagine that 21BTC was worth $3.7 once :O

i have been trying so hard to make more profit and invest more and more to reach the 21BTC for a couple of years now but it has been a hard thing and it is getting harder every day.

It is really ridiculous. I guess you are just inventing your own price for bitcoin, because your price for each year to bitcoin since it have started is very far from the real price that it have hit since it have started way back then. If I am not mistaken, the highest price that bitcoin's have reached was $1200, and not $21,210, I wish it would come true this year, but it is too good to be true, but who knows right.

Maybe this price that you have mentioned will fluctuate next year, or next next year, or in the near future. Let's just continue on using and supporting bitcoin until this thing happen, let's just hold it for now and wait for the right time. :)

You either don't score highly for reading comprehension, or for actual comprehension!
There are 21 million potential Bitcoins. To own 1 millionth of them, you need to own 21 Bitcoins. The cost of 21 Bitcoins is (was when he posted)  $21,210.

No prices were made up.

Well if it is too much for us to be one in a million, we can always strive for the lesser title like 1 in 21 million :)  It is still better than 1 in a billion.

Anyway i do not have regret to know Bitcoin late, it is not anyones fault and beside I entered Bitcoin community after the bubble of 2013 burst so it is still at $1000, and then take a hiatus at 2015 when bitcoin is at its low.  Then came back when it is going up somewhere in the early 2nd quarter of 2016.  It is not late to acquire at least 1 whole BTC so that even if we are not 1 in a million, we can be 1 in 21 million :)

It is $1200 actually. I don't know how OP said that bitcoin's price have and will hit this prices that he have mentioned for 2017 and the rest. It would be nice if he said that "This will be the prediction of the bitcoin's price this 2017 and to the next years", I guess this would be more believable than what he have said.

Right now, the highest prediction for bitcoin is $1500, I don't know if bitcoin will really PUMP to this price, but let's all hope that it will, for us to get a huge profit, and for our being patient to be worthy.

I guess the OP is trying to highlight how difficult it is to predict the future and how valuable it is.

Could we now predict what the future price of bitcoin? I guess we can't as most people think the price will be $1010, and that's why this is the current price.

at least the trend is going up.

In 30-50 years the price of bitcoin may reach 1 million
http://www.newsbtc.com/2015/12/10/will-bitcoin-price-reach-1-million-us-dollars/

I also regret I didn't buy couple coins when I've just joined to bitcoin. That was last year ant the price was around 350-400$ per 1 BTC. But I think to make 21 bitcoins is not so big deal. I have heard that there is a company that pays year bonuses to it's workers in bitcoins and there are many options to make bitcoins basically. But at the same time everything in the economy should circle to stay fresh and high. If a million people will decide to start to save bitcoins till 21 point to be one in a million - it's gonna be collapse, for bitcoin for sure.

And which company would that be to pay their employees bonuses in bitcoin?
One of the big tech giants maybe? IBM, Amazon, Apple or any other one that doesn't accept bitcoin as a form of payment. This is usually how these big companies operate by giving their employees things that they do not or can not use. Just look at all those employee giveaways for e.of the.year with massages or hairstylist gift cards. They don't care about those things. Have you ever heard a company giving their employees gold bars for their year end bonuses or e.of the.year awards? Never cause they value those things higher than they do this cryptocurrency they usually do not have the knowledge to know what to do with in the first place.

Don't forget the hoarders. There are a few people who have over 100,000. Chuck in lost coins too and realistically you might only need 3-5 BTC to be one in a million. A totally pointless stat but a bit of fun all the same.

Getting track of the entrance price for 21 BTC is an excellent statistic. As we see, the more you wait, the more expensive being inside the 1 million club becomes. In a couple of years, the entrance will be of 6 figures.

21 BTC holders will be rich, there's just no other outcome. 1 million people (actually way less considering all the lost BTC) is a TINY amount of people. Sooner or later 21 BTC holder will be rich as fuck and the people that had an opportunity to get in such a position will regret for life if they didn't buy them.

The growth of BTC has been insanely interesting to watch. The hype is not as much as it once was, but this is a normal development for these types of markets. The future is bright indeed!

it would be a feat, BUT an expensive one right now, with it valuing 21k's it would be expensive for anyone to purchase it unless you consider it a serious investment, Fun when seeing forum posts from 2010 and before when a BTC was so inexpensive "maybe like dogecoins now, lol"
Great to see the economy of BTC reaching such high feats, particularly for the ones who were here from the beginning.

The Past is past and it will never come back. Stick to our present life that what we had. Bitcoin price rise because we adopt it on our daily lives.

But past will help you to predict the future. Being a holder of millionth of bitcoin must be a privileged experience, I have not enjoyed it.
Is there any theory that holding 21 bitcoins is more than enough for our rest of life to solve all financial needs ? Even if it is so, no one will be able to predict the exact time frame that to happen.

You only need 0.021BTC to be.. 1 in a BILLION!!  ;D

OP have included this part --> (ignoring the number of coins lost) on purpose. The statement will be even stronger if you factor in the lost coins,

but nobody knows how many coins are lost, so for that reason he has left that out. It is still a huge accomplishment if you can acquire the 21

bitcoins are become part of a small group of people who has done that.  ;)

Not only that, but the fact that, logically, and statistically, more and more coins will keep getting lost in the crypto void forever. Mistakes happen, mistakes are unavoidable. People will keep losing their hard drives due malfunction, they will keep losing their cold wallets in fires/whatever, they will keep forgetting password... never ending possibilities to fuck up, which is good news for the ones that don't.

I would estimate that at least 1 million coins are lost forever already, and not including satoshis coins.

Then, add in the deflation rate due the constantly lost coins.

The result: In 10 to 20 years 21 BTC holders will be inflation adjusted USD millionaires.

Who knows lamenting behind $21k today is restricting us to be one in million of tomorrow having 21 BTC worth $21m. :D
 Bitcoin is most volatile investment I have ever seen. Anything can happen. By the way, nice study.

Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..

I do not know the extra benefits of having 21 BTC why you are telling them lucky.  It is not thru luck but effort and belief in Bitcoin that they hold more than that 21 BTC.  We can also strive for it,  let us just save part of the BTC we earned from our works and profits.  I can say it would be nice if we can be one of those 1 million who have 21 BTC in stash.

It's still possible to reach the 21 bitcoin dream with hard work and dedication. The mere fact that you know about bitcoin already, puts you before a lot of people that will come later. So use your knowledge to keep hustling for more bitcoin. Work in mcdonalds if you need to to buy extra bitcoin. Defeat is not an option, we must work hard to reach the 21 btc dream, otherwise will always regret not getting up to 21 when it was still possible.

Yes, Anything is possible if we just have great dedication or determination then if we have that, we will have a great amount of eagerness to do the things that we seem hard for us to do and try the things that we didn't tried. If you can't earn that 21 btc here in forum then buy that 21 btc, how? work outside the internet and find part time job which offers fair amount and then after a few weeks, buy bitcoin piece by piece then somehow you were be able to build that 21 btc dream.

No matter how hard people work, for a lot people here it's simply impossible to own that many coins. Especially if you have to start from scratch. At current levels a lot people will find themselves struggle to even collect 1 whole Bitcoin, and as years go by where the price continues to increase, it will only become more difficult. That's why it's important to just focus on collecting and buying what you can afford. Question to you, how far are you in reaching 21 BTC?

Because there is a consideration of imaginary club which measures the eligibility criteria as holding one in millionth of total bitcoins. Being one person out of millions would be a privileged one in my opinion too when considering the total worlds populations of 7 billions. But only future bitcoin prices will decide whether they are lucky or not.

Those early adopters got chances to join club of 100/1000 or even into 10. In future people may consider a person to join a 10 million club. So, as of now it is still an achievable milestone yet has some prestigious considerations.

You don't need to own 21 bitcoin to be a 1 in a million.As you said and we all know bitcoin total supply is 21 million so even if you have 1 btc ,you are 1 in a million.Lucky are those who have more than 1 btc but everyone who owns even 1 btc today is lucky

Bitcoin's uptick is impressive.

Many wish they bought bitcoins when they were cheap.

Sometimes its good to remember there are other currencies and opportunities out there which offer similar success to early adopters of btc.

Example -- the zimbabwe dollar had a good run awhile ago.

 :)

http://i63.tinypic.com/aew0hx.png

I first heard about bitcoin in 2014 and I regret not utilizing it that if I bought 21 btc at that time, I would have probably millions worth of bitcoins right now 😔

haha, we are getting there. soon people will start dreaming of buying 0.021BTC because that much is worth $1000


1 million people having 21BTC each is 21,000,000 total (max number of coins available) hence 1 in a million. it is also sometimes called "a Million Club"
having 1BTC today, is great but it is not 1 in a million.


there are lots of things that have good movements and are good potential investments but not many of them are offering as many features as bitcoin and not many have been rising for 8 years.

p.s. Zimbabwe dollar? seriously :)

Interesting facts and figures by op here. I think most of us here buy and sell Bitcoins so i feel it shall always be rotating around which is best for business. What if people were actually just to hold their coins forever and 21 million coins are mined, which would end the Bitcoin craze, cause if people just would not sell how will it free flow. Again at such a huge price who would buy it. I feel people should keep on rotating the coins, rather than hoard them so the balance of supply and demand works better. But out of the 7.5 billion people how many are actually involved in Bitcoin is really a question that needs to be figured. Not all have opened thier arms for Bitcoins just yet. I feel the supply and demand should be maainted for the healthy growth of Bitcoins. Also the ones to actually make money are the ones who brought it at 10 cents and at low levels. Right now thw price is shooting off the roof.

Most of the people here are 1 in a Billion.. ;D ;D
As a matter of fact, I was one in a Million at one time. Won't regret selling it coz I made a good profit of my Bitcoins and used them in an emergency. Right now it is very tough to hold that many Bitcoins as the value is too damn high to purchase. :o

Let's say 21 BTC is same like 21 million dollars, it means 1 BTC = 1 million dollars. What if in 2027, because of inflation this thing is happen. Is it good for bitcoin ecosystem? I mean, okay now everybody want that price.
But are you sure if that is a good thing? I don't think so, because everythings need balance.

No when you own 1 BTC you are 1 of 21 million! Theoretically 21 million people could own 1 BTC each!
And 1 million people could own 21 BTC each!
That's what 1 in (of) a million here means! People see this as some kind of elite club,group or privilege they would like to be part of.

sounds prity good to know that having 21 bitcoin will make the owner 1 in a million and he will be owner of about $10500. I wish i had joined bitcoin network in back 2010 then definitely now i would have been the owner of such high amount of money.

sound prity good to know that having 21 bitcoin will make the owner 1 in a million and he will be owner of about $10500. I wish i had joined bitcoin network in back 2010 then definitely now i would have been the owner of such high amount of money.

bitcoin only stayed above $800 for 11 days even during the bubble, so it was mostly cheaper

well I do have 0.21 bitcoin which means I am 1 in a 100 million  ;D that also sounds good. wish I too had been there in bitcoin world since 2010 so that I would now have bitcoin which would be in figure of few million dollars.

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...

We maybe not one in a million today but we can be one in the future. The key is not to give up and constant saving of your coins and eventually we can be one in a million in the future. But if we keep on converting our bitcoins to fiat currency and we dont save it then we will lost that opportunity. Me as a bitcoin user, there is no longer a chance for me to become a one in a million since my bitcoins are essential to provide the needs of my family on a daily basis.

you don't need 100+ when bitcoin will be very high in value, i'm trying to have 1 at least and wait for bitcoin to go to $100.000 usd, because bitcoin is limited and defaltionary will go there one day it's a matter of adoption and worldwide diffusion, and in fact both thing are tied, bitcoin can't grow if a single person is holding 100 btc 1000 btc or more

That is the true potential of Bitcoin. they are of great value, and that is the magic of time, which is its achievements over many years of operation. About profits that the participants from the beginning to now is huge. and certainly it will be more in the future, especially the next 5 years, when the world is recognized Bitcoin. Bitcoin's potential is limitless, and it is for us to see that. a wonderful thing

I also wish I could turn back the time when my friend was persuading me to do bitcoin so that I could have a source of money, but I didn't listen to him that day, and now, I am regretting it, and he said to me "You don't need to regret it anymore, because it is in the past, what important is you are now earning bitcoin, and you are lucky because other people don't know about it" and that's what enlightens me.

So there is no reason for us anymore to regret what we did in the past, if we ignored bitcoin before, then it is not too late to pay attention on it right now, let's just keep on supporting it, because having bitcoin in our life is really awesome.

You must be stupid to believe that 1BTC will worth 100,000$ someday.
No goverment, no institution, no one will allow BTC to get to 100,000$.
They will manipulate it like they have done with Gold prices.
BTC will reach $2000 or more at the end of 2017 and for the next couple of years will rise about 150%, after that the price will become steady, decline or rise very little. I don't see past 10,000$ within the decade.

I could reach that amount by just waiting for massive dumps and then to buy these dips, but it's a pointless/meaningless purpose to chase 21BTC.

It's an unrealistic target for the far majority of the people here as well. At this point reaching 1BTC for long term hodling purposes should be a doable goal.

Anything you manage to collect more than this 1BTC will play out in your favor in the long term. Never force yourself to achieve something that simply isn't in your range.

Current is 21k usd, so you mean they will be 50X of current price? It looks an impossible mission. But who know? I think 10k usd will come eventually.

So was the $1k price tag. It means a $50k price, which doesn't look really impossible looking at the fact that.. Bitcoin went up from NOTHING to $1k. A million dollars price would look impossible although its probable.. +$10k will probably be reached this/next year.

well nobody is expecting that bitcoin can grow this big, and when bitcoin was created, many people very pessimistic about bitcoin and only a bunch of groups that show interest in bitcoin, but now everybody is looking for bitcoin and try to invest in bitcoin, so nobody can predict the future but we still can be rich from bitcoin, because this is just the beginning of bitcoin growth

Well I really think that even if we can not attain that 21 million mark on bitcoin we can still come up with a good profit with it and that is why there are so many people that are attaining such feats in earning with it and some are just enjoying the life that they have with bitcoin and I think miners have a great experience with bitcoin right now and some investors really looking forward in attaining a good impact because the value is still going straight up!

I'll take that bet..  ;)

IF, (and it's a big IF) on March 11th they say 'YES'... I see $10,000 in the next 12 months.

Agreed, you just cannot tell what will happen month to month with bitcoin but one thing is for sure, it will be around for a long time whether the price drops or the price goes up, bitcoin will still exist.

It is still early in the life of bitcoin, it hasn't even reached it's teenage years yet, a long way to go.

Total number of people living on earth is a bit misleading data when you try to present scarcity of bitcoin.

We know that large part of the world's population is living in poverty or has no internet access.

There is no way these people would ever be able to purchase or own bitcoin.

So, to present how bitcoin could spread, wouldn't it be more accurate base your calculation/estimation on number of people in the world  with the the Internet access?

The newest data (from 2015), when the International Telecommunication Union estimated that we have about 3.2 billion people using Internet.

That is a nice calculation and I might believe it.  ;D
It sure feel great when you have that kind of number of bitcoins. One in a million. Imagine what will happen in the years to come. We might be needing to go deeper in order to get even half of a bitcoin. It will so rare that everyone would want a share of it. Good thing we started early so we could hoard more.

If the price keep rising, even 1 btc would be enough to make us rich :D
Soon we will have 1 btc cost $20k

what is there not to believe!!
i don't see OP making any prediction about the future it is just a history of price and it is showing how bitcoin price has gone up in the past 8 years. something that was worth a couple of US cents is not worth 1200+ US dollar.
and those of us who got in early are winners. some are winning more because they got in when it was 10 cents and some are winning less since they got in when price was $200.

you have to decide which group you want to belong to in 10 years.

bitcoin is the best thing I've ever had. I never predict that the price would be so high. if I remember the first time I knew bitcoin in 2014, the price was great, but now it's very great. I wish I could earn more coins and hold it.

Dude you are not putting things into proper perspective. Who the fuck can nowadays afford a $20,000 investment into an high risk asset like bitcoin?

The people that know about bitcoin a minority

The people that own any bitcoin are an even smaller minority

The people that own at least 1BTC are an ever smaller minority

The people that own at least 21BTC are an ever smaller minority....

etc

What I mean is, 21BTC is an investment that very, very, very few people have nowadays. Most people don't have $20,000 on their bank account, let alone on bitcoin. Look at the stats.

it is not about investing right now which would cost you more than 20K dollars. it is about investing slowly and what you can when price was low. for example if that person bought at $100 that could have been 2K dollars and have the amount of bitcoin and hodl it to make the profit today.
and having 2K worth of bitcoin today (~2BTC) can mean having 20K dollars tomorrow.

Maybe the next question is, "what will be the future price of bitcoin?" It is easy to predict the increase, but it is very hard to make an approximate price prediction. Even regression models is not reliable.

I like your chart, it only proves that statistically bitcoin will keep going up (I hope that's the case). I guess everyone should invest now so that in a few years when being 1 in a million costs even more, we can be a part of that "club" heheh

The future price is expected to stand above $1000. The price prediction cannot be made approximately, because everything happens without any notification. Also unexpected reality happens with bitcoin.

There is no reason to say "I wish" because what is important is we know bitcoin in all of the people living in this world, we are lucky because we are earning bitcoin right now, compare to those people out there who only know fiat and nothing more. So, there is no reason to regret what we didn't do in the past, because it is the present that will lead us to mold our future, so, whatever what we are doing right now to earn bitcoin, we must continue on doing it, and no matter how much bitcoin do we have right now, we must save it, and just spend it on the things that we really needed.

Because if we spent our bitcoin just to buy the things that we want, then the next time, we are going to sell what we need to buy something that we want.

Yup you are right. We must forget the past and move on. Even me has regrets because Ive heard Bitcoin 3 years ago and do nothing about it because I doubted it and think it has no potential. We may not earn 21 BTC in an instant but keep moving forward. At least save up money monthly and invest it on bitcoin. Im not building illusions I'm just saying what we can do at the meanwhile. We all have regrets but that's how we grow, that's why we learn. Have faith in yourself do the work and believe, negativity will bring you down. Look at the brighter side of the future.

I never really understood why it's one in a million.
Either you own some or you don't. ::)

Your the selective few if you own over 500 BTC to me.
This to me is a hard copy fact.  :)

Wow, some interesting stats you have got there.

I'd say that one in a million was really easy to achieve when I first got into bitcoin. I bought like 5 bitcoins for less than $200 at the start of my bitcoin journey, and that was pretty much like 1 in a million I think. It was crazy cheap looking back right now.

It just shows how much we have gone through from the start of bitcoin to right now. We have achieved a lot as a community and the price has risen a lot too to reward those who bought into bitcoin.

If i had the chance to time travel, my top priority would be go back in time and buy 100 PCs and mine all the bitcoins in the world, lol.

That's something interesting to be one in million bitcoin users. Early adopters were more lucky to be the one in million. Now too it's not that late, so planning now to will make people one in million before the 21million coins get mined. Some saving regularly from the day job earning is more than enough to achieve this.

That makes the difference between early birds and late comers.Hope we are not too late since most of the world population are not still familiar with bitcoins.I too have a dream of joining the 21 Btc group,but now i dont even own a single bitcoin.

you don't need to worry about being too late yet!
yes obviously you have lost a lot of good opportunities so far to buy cheaper coins but it is not yet late. price is rising and we are not yet at a mass adoption stage.

also i must add, there is no need to have 21 bitcoin, it obviously is so good to have though. having even 1 bitcoin or half a bitcoin is going to be good enough to be involved with bitcoin and the future.

Upon seeing the chart made by op well I just that I was one of those people that bough thousands or even hundreds of bitcoin. For sure right now I'm just enjoying around with my newly invested projects or business and gladly to be thankful with bitcoin. But the fact right now is I've got only a very few coins, wishing that I can even reach 2 digits quantity of btc.

I really wish i could go back in time and go to the first stage in your post where being that 1 in one million is practically free... All you needed was a beaten up laptop and a slow as fuck internet connection, and you could still mine bitcoin efficiency, lol.

Fast forward to 2017, there are registered companies operating massive scale mining operations. New hardware comes out every year... The difficulty just goes up and up every single day and the network is growing in size.

It's costly to get that 1 in a million coins now which is now under 20 bitcoins. An average worker won't be able to save up in a year for that amount.

Higher price of bitcoin seems like double edge sword for bitcoin, early adopters which most advantaged because they have many bitcoin but right now, who does not have big funds cannot purchase BTC21, be 1 in a million. Furthermore, higher fees for send bitcoin become another problem which people will consider to using fiat money instead of buy bitcoin. In the other words, for me, bitcoin become a commodity/object of investment, not a currency.

well, the whole point is showing only 1 million people can have 21 bitcoin and there would be nothing left for anyone else. and 21BTC is a very small number and paying even 21K for it is still a very small price to pay. you should think of it as buying 10 times cheaper compared to for example 2021.

and besides as I always say and others also mentioned in this topic, you don't have to buy 21 bitcoins, just invest what you can and feel safe with and be 1 in 10 million or so on. but know that every year it is getting more and more late to get in.

this part is off topic here!

Thats insane, i bought a bunch of bitcoin long time ago and i didnt believe that we get into today

You don't have to own 21 btc to be one in a million. People who own bitcoin is just a few million. And some early adopters already hold thousands of bitcoins and millions are already lost. So even if you own only a few bitcoins there is high chance that you are within the millionth user who possess a whole bitcoin.

You explain about bitcoin very well, but i lost the chance to make me a million. Because i entered in bitcoin world very late, I know about bitcoin in last 2 years, but i am glad, when i know about bitcoin, than it was $285, and i bought 3 to 4 bitcoins, and now recently i sold them, than you guess who could i make profit from bitcoins.

Still, bitcoin era keeps running because now nobody is bothering about the present price.
Because many people are thinking bitcoin is one prestigious coin, which has strong ability to increase the price in the future.
At the same time, many people are searching for another altcoin which can secure its position after bitcoin.

Wow thats a good spot of selling your bitcoin which you have bought on a very low amount and now its the right time to sell.Same as yours i do know about bitcoin for just 2 years ago which is considered as late but still as long we do have chance on earning it on a free way without the need of buying it.

All of that has shown us the strength of bitcoin, it is a potentially huge coin that affects the whole world and can change the world. Nowadays, it is gradually developing and getting better and better, time has shown us that. For those who have used bitcoin from the beginning, they will see its potential, and if they believe in it, then surely they are now rich, they own bitcoin when it only Worth a few hundred dollars, but to the present, its value has doubled, even triple. Really rich, I wish I could know bitcoin sooner.

True. It feels like we have it but later on we knew that it was only just a dream. Well it's really sad to know that, the chance of being a millionaire has been slip away. Imagine believing in bitcoins potential seven years ago and invest at least 500 BTC. That is a great amount now.

You're still lucky because you've bought Bitcoin with a price of less than 300$, many people here don't even reach the moment when Bitcoin still have that price.

Each day more and more people start to know about BTC and other cryptocurrencies and realizing its potential. It's safe to say that in the next couple years we'll see a huge interest in this subject, as more and more people want to have control over their assets. I don't say that every person in the world will adopt crypto, but that the user base will have a huge growth from today's number.

Then you are saying that each time there are new users in bitcoin there are a Viewable increase in the value, well maybe there should be an unnoticeable change in the value but in my opinion if that person would earn bitcoin, and by earning it taking the portion of bitcoin into his wallet, well there are some transactions and rotational data being gather to all users and I think that would be the time we would see an increase with the value.

it is not over yet buddy, you may also earn it by now, just trust , everything is possible. just be patient and determined and success will follow. i have many friends that starts bitcoin years to now that has bitcoin and now happy.

Its never easy to earn 21 btc as very few people would have managed to hold that amount in their wallet and people who are earning bitcoins in different ways would be really struggling to have even 1 full btc in their wallet as earning bitcoin is much more difficult then earning fiat.

yes it is, as time goes by, bitcoin value has increases a lot due to the changing value of dollars , because we based our bitcoins to dollars , bitcoin value here in our country is big because the dollar is more bigger than our currency

Still wonder who among those who got their bitcoin free when it starting are still holding their Bitcoin,but we will not know unless post their story about their Bitcoin being one of the early adopters,yeah it's indeed surprising how Bitcoin has become over the years.

That is a big possibility. Since bitcoin's popularity is bursting, there is no doubt about having huge interest in bitcoin. Since bitcoin's value depends on the law of demand and law of supply, having a continuous increase in bitcoin users, the higher the price bitcoin value will become.

I agree that not ever individual will adopt bitcoin since, practically, not all are capable in affording to have bitcoin in their pockets. Maybe they cannot afford a smartphone for a wallet or any device that will serve as their wallet, or maybe they cannot access internet.

All of us should remember that not only bitcoin, but cryptocurrencies are gaining more and more interest from different kind of people from the every place on the planet.
The promises of insane profits and great returns by doing nothing are attracting such a big number of people, that it is just a little bit overwhelming for me. Luckily, big part of this newbies are going to leave bitcoin soon, and the reason will be very simple: they are going to get scammed by some older users, who are trying to exploit all these naive people that want to get their money doubled in a day without any effort.

I dont like the thought that almost everywhere i need to be extremely cautious because of possible scam attempt, but it does one good thing for a bitcoin: it makes newbies disoriented and sometimes even they start to be against the crypto's, so I can acquire more BTC for better price :) looks fine for me haha!

My friend told me that in the past when the price of bitcoins was too low there were many faucet sites that were paying huge amount of bitcoins after every 15 minutes so people who have managed to earn at that time and still holding would have become millionaire by now.

That's a big lie, being a millionaire with Bitcoin by current standards mean you need about 1000 Bitcoins which I doubt could have been earned through faucetting at any point in time since Bitcoin started.

Don't believed your friend mate. And I doubt that those claiming faucets before can be millionaires by now. Maybe your friend has other means of earning bitcoin before but faucet, nah, I don't think so. If your friend said mining, yeah they should be millionaires by now.

I am very far far away from that 1 in a million race.  I always spend my bitcoins whenever I get some. and back in 2010 I wasn't aware of bitcoin.

but I wish I could be one of them.

I'm one of the people you talked to. I knew about bitcoin 5 months ago, and then it's worth about $ 900. And of course, I only own a very small bitcoin at the moment, it's not enough for me to get a profit from it. Maybe I would get rich if I knew bitcoin when it was only $ 300

Its never too late to invest in bitcoins likewise it is to say it is never late to start trading.well i believe that even in this year only we will be able to see lot of events of price of bitcoins that will attract the traders to invest more in bitcoins.on the other hand to invest only in bitcoins would be foolish,invest in real estate properties.

The time it takes a new technology to hit mainstream is about 10 years so I guess that is also an example of what the real return is when you invest early it does make a sound argument for some altcoins ^^.
Although Bitcoin still has quite some upside to go.

Great info, and showing  the bitcoin growth through the years. Time really is a great partner in accumulation assets or wealth whether it is digital or in physical form.I think its not too late to invest, some business men are projection bitcoin to even hit at $500,000 dollar.

Well many altcoins are rises but i think they are be still alternatives that can't take the position of bitcoin..
Unless if there are altcoin that their team are  too active they are adopting it so fast..  we are need an altcoin that useful than bitcoin
That we can not transaction problem unlike bitcoin slow transaction when receiving and sending.. and i think merchant and store who accepting altcoin as their payment mode.

If those will happen i am sure they can take the position of bitcoin..
For now better to use altcoin for trading purposes because there are times that the price was increasing fast and sometimes slow. 

About the story of this thread i think i heard bitcoins before 2010 because there is a site that honestly i forgot the name they are giving bitcoin as their payment for  making essay before. that not expecting that the price of bitcoin will increase i was join bitcoin 2015 when the price i think $280+

well they are lucky that their made a good profit in  holding it for a long time and hope they can be still holding it and making more profit..  and be a multi millionaire.

For me if i had that amount of btc and got this $21,210 Today's price
I am already millionaire here..  in my country

That's why people get involved in alts. You can be a lot bigger than one in a million for a lot less.   

Although the alt scene is getting saturated. At the current rate of production I project we should reach 1 million different alt coin projects by 2023 (or 2019 if you include waves tokens  :D)

This post is very useful, it allows to us to see a comparison on the average price as time has passed, in this year alone the amount of money needed to buy those coins has doubled if bitcoin keeps going in this direction it will not be long before it takes an amount of money that is out of the reach of most people in the world.

the only thing that the post you quoted shows, is that certain group of people will always remain where they are and never advance in their lives because they will always remain scared in the present and regret the past.
and unless they stop this behavior you will see them in the future saying the same thing about today: "i wish i did ... back then"

all i coins is that the current money supply distribution for bitcoin, will not be the same in the future if you want the price to be much higher, the less bitcoin each person in the one have the better

some lucky oen will hold his 100/1000 btc forever and do a fortune in 10-20 years, but not many will have this privilege, same story as the pizza guy


no, not for that, people jump on the various altcoin, just to gain more bitcoin, no one really care about them, you don't see people running around claiming that they will use one of those coins in the future

actually that is a good point and i think it is somewhat true too.
many people have this false way of thinking that since bitcoin went from 0 to a thousand, then an altcoin can to the same too. so they jump in and invest their money in the hopes of making a thousand dollar profit on each coin they buy.
i have to admit that in the early days i also thought like this. there are many interesting projects out there and they get hyped up enough to make you think all kinds of crazy things, but behind the curtains they are all for short term pump and dump and profit.

Well, it's one reason. Of course, most of it is ultimately profit driven. Most money in bitcoin is speculative as well anyway. The majority of a alt coins are scams but to say every alt coin project is a scam is to put your head in the sand.

How can you say that every alt coins are scams? Then how can you explain what is happening on the market like poloniex and bittrex, if all alt coins are scam then they will not get a lot of money for their volumes and they will not continue to waste their time in improving their alt coins because i believe that few of the alt coins are the next bitcoin in the future.

No, that's totally a false thought, the altcoins are not a fraudulent coin, they have their own foundation and power. That is why the market is constantly operating, and the altcoins are popular, they trade and exchange it continuously. Most of the current altcoins show its strength when it continuously increases over its original value.

21 Bitcoin is very much, so it's prestigious to be alone for a million.

Yeah its too high amount to hold and may be not possible for majority of users to have that amount to hold in their wallets by simply earning them as its never easy to earn bitcoins and it requires hard work and great level of efforts so very few people would be having that amount in their wallet for sure.

Its a dream of every bitcoin user to be one in a million by holding 21 btc in his wallet but its really very hard to achieve that milestone especially if you are earning them and don't have any capital to invest in buying them.

I made a mistake I was not referring to the post I was quoting but the post of the OP, so instead of ‘This post is very useful’ I should have posted ‘the post of the OP is very useful’ sorry for the confusion.

My mom thinks im 1 in a million and thats all that matters. Having bitcoin is a nice addition to that and hopefully one day I will be one in a million in bitcoinland

Yeah, this is true for so many things. Cryptocurrencies are an interesting example because after the sell off a few years ago many people abandoned the idea altogether as a failure. And now bitcoin is at an ATH and now we see alt market caps that surpass the ones from a few years ago.

The other thing to remember is that getting bitcoins early was only half the battle. Then you'd have to assume you'd navigate the minefield of scams, hackers, taxes, and exchange implosions while retaining most of your bitcoins before retiring in Tahiti.

gee, time flies fast.
i still remember when btc was new., and i tried to mine using my gpu and it wook like 1 day to download whole blockchain , i even downloaded btc blockchain using torrent, to speed up the bitcoin miner app start quickly.
people made millions.

You can be and we can be, all of us can be a one in a million. If we are working hard and still working our ass off every day and night to just gain bitcoin or money then our dream will become true because the only thing to reach our dreams is just to keep working hard and having a great perseverance and consistency and the results will just follow after you work hard.

That tremendous increase of bitcoin from 2008 to up to present shows that bitcoins it self may still increase overtime. Those who were mining on the first years of bitcoins were just lucky enough that the price of bitcoin they save gain a large number which they really deserve because of their effort. how I wish I started bitcoins earlier so I can also earn a lot.

it will be hard now to become one of those who hold 21 bitcoin
it only possible if you will inviest or your an early adopter when the price is low

I wouldn't mine nor invest in bitcoin even if i get to travel back to the past (with memory loss), because at that time bitcoin was simply worthless and useless except to buy some cheap unbranded dried meat called bitjerky made by a joe six-pack.

I would say the same thing too into myself when theres a chance i would go back to the past i wouldnt still sure if i would mine or invest bitcoin if i knew it when it was just starting and same as yours i would rather prioritize food rather than on bitcoin but sadly things comes out on opposite way which would really make us regret on the end on not jumping on the boat on earliest days.

A very crazy thought that @Dorky have there, time travel with memory loss? what is the sense of travelling back to the time when bitcoin is completely worthless if you have memory loss? it is very ironic that you are going to travel through time and you are going to have memory loss, such a waste of time, lol. Because the reason why we are going to do time travel (if possible) is to earn bitcoin, and save it and go back to the present to be a wealthy man in an instant.

But, if this time travel is going to be a real one, I am sure that we need to spend a huge amount of money to make this come true, it would be a big risk but it is going to worth it if it is going to be successful.

This post should be updated.

Price of 21 BTC today :  27000$

It is a crazy thought, if you can travel time, you should store it and use it for the future, because then the bitcoin carries a very low value, it is even equal to 1/6 present value. If you store bitcoin in the past, you will become an extremely wealthy at the present time. However, it is only wishes that never happen.

This is really interesting! I never thinkike this. Those who started mining and buying earlier, is so lucky. But the thing is I can never own 21 btc.  :'(

They are the legends. The early ancestors in Bitcoin that has been in the early stages. I've heard about Bitcoin in the documentary called the " Deepweb ". But I just started to be part of this community when a friend explained me what he is doing online. Even if he's just one year ahead of me. The difference in our experiences and our wallet is so vast. I think that because this is the golden age of development of cryptocurrencies and the rapidly increasing of value of the Bitcoin. I've said rapidly because we're lucky that Bitcoin even clock to 1200 $ while gold takes a decade to grow value.

One in a million is a term itself of being one in a million. It's a combination of hard work, luck, persistent, patience and being early on this. Don't weep because you started late. And I feel so late too, but I'm doing my best to catch up to these and be part of this revolutionary and evolutionary change.

If I am to update the post each time price moves, then the first post will be 100 pages long in a month. however I have decided to update it at least twice a year, meaning every 6 month or so but probably will do it sooner because my main purpose in this topic is to show the long term change of price not each small swing that bitcoin has.

You can own 21 bitcoins, it is not too late to collect and accumulate a lot of bitcoins because bitcoin is just getting started in the market and it is still a young currency, sooner or later we will see a 2k price for bitcoin in USD rate, so if i were you, i will work hard and earn bitcoins as much as a can even not that 21 bitcoins but at least 1 bitcoin.

Great thread, it will come to the point the average person will not be able to hold 21 bitcoins, I’m sure that for the person in the third world trying to get 21 bitcoin at the current price is going to prove very difficult if not impossible.

As promised the 6 months updates of the cost of being 1 in a million (also see the full updated table in OP):

Date	|	21BTC cost
2016	|	$12,117
2017-1	|	$21,000
2017-6	|	$50,400
2018-1	|	$##

Got to this thread from a link on another. https://bitcointalk.org/index.php?topic=1933765.msg19203230#msg19203230
Good thing I did.

Thanks for this! I mean it. Woke me up.
I've been dillydallying for the past month, but seeing this yearly Bitcoin average price. Wow.
I mean, why didn't I think of that? Couldn't see the bigger picture. It's not about the weekly, or the monthly price. Long term is what's important.
Again, thanks.

Being one in a million is the long time expectation of every bitcoin user as the generation of bitcoin is quite limited. Hope the price increase continue for a long time. Possibly I'll earn as much possible and my target is to have 21 btc in my wallet and be the one among the 21 million.

But how long would you be 1 in a million ?

I have more than 10BTC and am probably already 1 in a million, because of Bitcoin distribution (lots of whales). I hold to my coins for now, buy some more, lend some, trade some, 21BTC is surely a goal, 42BTC another, but at some point, when what BTC I have will be worth a lot of fiat, let's say about 1 million $/€, then I will probably sell most of it. So I will no longer be 1 in a million BTC owners. Instead I will be one young retired man in a nice beach house someplace remote.

Long term always trumps it all, this is why people that have held bitcoin from the beginning are not selling why should they, they are in the best investment of all time.

Well, I wish I could be one of the million but I don't think that I'll ever reach a point like that, maybe if I get lucky sometime in the future but it is doubtful at best to be completely realistic.
I don't think there will be a million people with 21 BTC though, especially considering the weird distribution of it. Maybe 500,000, maybe less than that. If I was able to be in that group by now I'd be happy, but I guess I just have to take what I can.

I've changed my mind and now want to be 1 in a million soon. I've sold part of my shares in the stock market and am buying BTC in the dips. 21BTC planned for one month from now.

I find this really amusing and amazing at the same time.

Pretty funny today when you know it worth more than 125 000$  ;D

129.000$ today. WTF

Bitcoin is so impressive that everyone is rushing toward it and the price you are talking about 12500$ that will also be achieved as now price is at 6.1k and more of it the user trend is all toward bitcoin and this difference will be soon captured as many of countries are thinking about to accept it by seeing its advantages there will be more investor in future that will bring price to the high points, it will be awesome.

This world is becoming crazy !

145 131$ today !!

2018 is already here and with this post I will update this topic with the 6 months price to be "1 in a million". things have been crazy in the past 6 months and we have had a huge rise and a large drop afterwards but things are still going up and it becomes harder to be that 1...

Date	|	21BTC cost
2015	|	$5,670
2016	|	$12,117
2017-1	|	$21,000
2017-6	|	$50,400
2018-1	|	$294,000
2018-6	|	$???

Same goes for me. I wish I would have at least tried to download the whole blockchain (there was no light client back in that time) and start to mine a few Bitcoins when it was still possible with a single PC. Now its too late and we should focus on trading BTC or good alt coins.