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Author Topic: Anyone here part of "1 million club"?  (Read 11823 times)
greBit
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January 23, 2016, 10:58:31 AM
 #121

I really wish that I was part of the 1 million club, but I am just not that rich and I can't afford 21 Bitcoin.

Lol that's the dream of all the bitcoin users but it's not something which is gonna happen overnight i think we need to play smart and try to save more and more bitcoin so that somewhere in near future we can be a millionaire
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January 24, 2016, 08:51:52 PM
 #122

I'm part of the 100k club... and lets be real thats where all the cool people are at any way

Well, I am in the ONE club. I have 21 millions of btc. So compared to me, you are a little ant.  Cool Cool Cool Cool
If you had all bitcoins they would be worth nothing.
At least, I'm sure I wouldn't buy a currency 100% owned by one person  Cheesy
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January 25, 2016, 02:33:21 AM
 #123


If you had all bitcoins they would be worth nothing.
At least, I'm sure I wouldn't buy a currency 100% owned by one person  Cheesy

I create a new currency when I'm in the mood. I don't sell it to anyone. I send it to myself while shouting 'damn, I'm RICH.'

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7788bitcoin
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January 25, 2016, 08:20:05 AM
 #124

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

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January 26, 2016, 02:37:05 AM
 #125

I wish I`d be, unfortunately, i say here that I`m not part of it.

However donate me 17 BTC to the address in my profile and then you will help be be in the club Cheesy

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January 26, 2016, 03:10:18 AM
 #126


You don't understand how mining works:



There will be halvings until 2140... it's just that at around 2030 the coin reward will be so small that the total supply will be mostly mined, but not 100% mined until 2140. By 2030 anyone holding 21 BTC+ will be RICH.

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing. In fact, it's bitcoin's volatility and tendency to skyrocket/crash which is preventing it from gaining more widespread adoption.
Rizky Aditya
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January 26, 2016, 03:24:36 AM
 #127

I'm part of the 100k club... and lets be real thats where all the cool people are at any way

Well, I am in the ONE club. I have 21 millions of btc. So compared to me, you are a little ant.  Cool Cool Cool Cool
Yeah and I definitely believe you. You are the only person in the world with BTC. Doesn't make any sense.

rtrtcrypto
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January 26, 2016, 02:13:41 PM
 #128

There is NO way in which BTC could skyrocket in use/popularity/adoption and not see a massive price rise. If we went to hundreds of millions of users or billions of users (or trillions in the case of IoT), there would be a massive spike in the price (10,000+% up from here would be extremely doable). The value of the network is tied to its use - price will track around whatever that value is. There is a question of what sort of networking power law BTC would track once it matures, but, I'm pretty confident it will scale in a pretty explosive way (if they get the scaling right).



You don't understand how mining works:



There will be halvings until 2140... it's just that at around 2030 the coin reward will be so small that the total supply will be mostly mined, but not 100% mined until 2140. By 2030 anyone holding 21 BTC+ will be RICH.

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing. In fact, it's bitcoin's volatility and tendency to skyrocket/crash which is preventing it from gaining more widespread adoption.
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January 26, 2016, 02:47:17 PM
 #129

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing.

Please please elaborate on this because it doesn't make any sense to me at all
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January 26, 2016, 02:48:45 PM
 #130

There is NO way in which BTC could skyrocket in use/popularity/adoption and not see a massive price rise. If we went to hundreds of millions of users or billions of users (or trillions in the case of IoT), there would be a massive spike in the price (10,000+% up from here would be extremely doable). The value of the network is tied to its use - price will track around whatever that value is. There is a question of what sort of networking power law BTC would track once it matures, but, I'm pretty confident it will scale in a pretty explosive way (if they get the scaling right).

+1
praprata
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January 26, 2016, 04:45:11 PM
 #131

I really wish that I was part of the 1 million club. But maybe after 5 years I am.
I really invested in it. So I hope it's worth.


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January 26, 2016, 06:34:52 PM
 #132

There is NO way in which BTC could skyrocket in use/popularity/adoption and not see a massive price rise. If we went to hundreds of millions of users or billions of users (or trillions in the case of IoT), there would be a massive spike in the price (10,000+% up from here would be extremely doable). The value of the network is tied to its use - price will track around whatever that value is. There is a question of what sort of networking power law BTC would track once it matures, but, I'm pretty confident it will scale in a pretty explosive way (if they get the scaling right).



You don't understand how mining works:



There will be halvings until 2140... it's just that at around 2030 the coin reward will be so small that the total supply will be mostly mined, but not 100% mined until 2140. By 2030 anyone holding 21 BTC+ will be RICH.

I don't think it's at all safe to say that 21 btc would make you rich in 2030, or at any point in the future ever. Bitcoin could become very successful and be widely adopted without its value skyrocketing. In fact, it's bitcoin's volatility and tendency to skyrocket/crash which is preventing it from gaining more widespread adoption.

the minimum value alone to sustain the network, and not allowing the diff to decrease, which also mean that the miners need the same profit as it is right now, is 100x the current fee

so this mean that the value by the end of the mining and the begin of the mining fee era should be 100x higher, if number of tx are the same

i'm expecting nothing less than 5k-10k range by the 2028 halving
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January 26, 2016, 07:56:35 PM
 #133

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

You're right.Being part of Bitcoin or not should be the only thing that matters.The community is still very small and we should stick together and support and help each other as much as we can to move forward.But reality is a bit different and people tend to compare themselves with each other and therefore often try to be better than the other one.
This is a bit like: "My house, my car, my boat, my wife, my children!What do you have?".

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January 27, 2016, 03:56:06 PM
 #134

I wish I would be a part of the 1 million club. But I have only 1 Bitcoin so maybe in 10 years.
But I think if you have a good job and a few Bitcoins you can be later a millionaire.

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January 27, 2016, 05:11:15 PM
 #135

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

Well I think its really relevant. You can own 1 satoshi, and you would be part of the bitcoiner club, but I don't think that's remarkable. Owning 21 BTC puts you in a super elite, but since it's still not a lot of money (I mean it is for me and most of us, but in the grand scheme of things 8.278 USD is nothing) we don't really value what owning 21 BTC means in the future.

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January 27, 2016, 05:51:13 PM
 #136

I don't have 21BTC but I have 0.21BTC does it count? Grin
I think we have still time to collect 21BTC because price won't go anywhere crazy soon. If you project 2030 something to retire you can start collecting slowly right now.

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January 27, 2016, 05:51:23 PM
 #137

I think it is silly for terms like "1 million club", "100k club" or ">100BTC club".

To me there is only 2 clubs: "bitcoiner" or "non-bitcoiner" clubs...

Well I think its really relevant. You can own 1 satoshi, and you would be part of the bitcoiner club, but I don't think that's remarkable. Owning 21 BTC puts you in a super elite, but since it's still not a lot of money (I mean it is for me and most of us, but in the grand scheme of things 8.278 USD is nothing) we don't really value what owning 21 BTC means in the future.
Although in the grand scheme of things 8278 is not much, for most people they don't have enough belief in the rise of bitcoins. Even if they talk about it, a guaranteed rise in price is not there, and we should understand that in the moment they may not want to spend 8 grand on bitcoins.

Early miners are probably feeling pretty great, though.

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January 27, 2016, 06:55:27 PM
 #138

I don't have 21BTC but I have 0.21BTC does it count? Grin
I think we have still time to collect 21BTC because price won't go anywhere crazy soon. If you project 2030 something to retire you can start collecting slowly right now.

If you didnt gathered that much with your hero account, then it will be very hard now.

Sig campaign payouts will probaly halve with the bitcoin halving, and it will be slower and slower to gather bitcoins.


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January 27, 2016, 07:11:25 PM
 #139

i dont have 21 bitcoin, i dont even have one bitcoin so im pretty much far away from this goal i guess, though i will start saving it to one day hit this achievement
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January 27, 2016, 07:33:20 PM
 #140

i don't have 21 btc when i know about bitcoin, price is already high. i already try many ways to get many bitcoin but the best i've is only 1 btc.
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