European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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January 25, 2016, 02:33:21 AM |
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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](https://bitcointalk.org/Smileys/default/cheesy.gif) 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
Legendary
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Activity: 2282
Merit: 1023
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 25, 2016, 08:20:05 AM |
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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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RealBitcoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 02:37:05 AM |
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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](https://bitcointalk.org/Smileys/default/cheesy.gif)
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K128kevin2
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 03:10:18 AM |
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You don't understand how mining works: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.bigfatpurse.com%2Fwp-content%2Fuploads%2FScreen-shot-2014-03-05-at-PM-02.02.18.png&t=665&c=aRLUD4LbY9Jp5Q) 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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Rizky Aditya
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 03:24:36 AM |
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Yeah and I definitely believe you. You are the only person in the world with BTC. Doesn't make any sense.
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rtrtcrypto
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 02:13:41 PM |
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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: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.bigfatpurse.com%2Fwp-content%2Fuploads%2FScreen-shot-2014-03-05-at-PM-02.02.18.png&t=665&c=aRLUD4LbY9Jp5Q) 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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mcplums
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 02:47:17 PM |
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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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mcplums
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 02:48:45 PM |
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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
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praprata
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 04:45:11 PM |
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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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,╓▄▄▄▄▄▄▄▄▄╓ ╓▄█████████████████▄╖ ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄, ,▓███▀╜,▄▄███████████▄▄,╙▀████╖ ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄ ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌ ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌ ]███▌┌███▌ ▐███ ███▄ ▐███ ▐███, ▐███ ▐███ .███ ███ ███▌ ███▌ ▐███ ▐███ '███ ███ ███▌ ███▌ ]███@╙███@ ▀██▌ ,▄██▌ ▐███ ▐███` ▓███ ▐███▄ ╙██▀╩ 9███╜ ╔███▀,███▌ ████,╙███▌ ▓███╜,████ ▀███▄ ▀╜ ▀▀ ▄███▌ ╙████▄, ╓▄████╜ ╙█████▄▄╓, ,╓▄▄█████▀ ▀▀█████████████████▀▀ '▀▀▀▀▀▀▀▀▀▀▀'
| CloakCoin | Trustless Anonymous Cryptocurrency | PoSA3 Forum | Bitcointalk | Twitter | Slack | Facebook | VK | Reddit | CloakTV | Instagram | IRC-Chat | Faucet
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Amph
Legendary
Offline
Activity: 3248
Merit: 1070
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2016, 06:34:52 PM |
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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: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.bigfatpurse.com%2Fwp-content%2Fuploads%2FScreen-shot-2014-03-05-at-PM-02.02.18.png&t=665&c=aRLUD4LbY9Jp5Q) 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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Denker
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Activity: 1442
Merit: 1016
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January 26, 2016, 07:56:35 PM |
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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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Pollak
Full Member
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Activity: 182
Merit: 100
Pollak
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January 27, 2016, 03:56:06 PM |
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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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AtheistAKASaneBrain
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 05:11:15 PM |
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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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ingiltere
Legendary
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Activity: 3108
Merit: 1533
BITCOIN
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 05:51:13 PM |
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I don't have 21 BTC but I have 0.21 BTC does it count? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I think we have still time to collect 21 BTC 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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Professional gambling analyzer / Signature space for rent
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actmyname
Copper Member
Legendary
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Activity: 2562
Merit: 2510
Spear the bees
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 05:51:23 PM |
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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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RealBitcoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 06:55:27 PM |
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I don't have 21 BTC but I have 0.21 BTC does it count? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I think we have still time to collect 21 BTC 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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makingwin1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 07:11:25 PM |
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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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lexuz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 07:33:20 PM |
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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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quadriple7
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 08:26:42 PM |
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i dont have any bitcoins right now unfortunately and i will surely not have anything near 21 bitcoin in the future in my opinion, though hopefully i will manage to hit it one day
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onlinedragon
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2016, 08:29:26 PM |
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It's not that easy to earn 21 Bitcoin. Don't think I'll ever reach that amount or I must be really lucky. Think it feel great when you just earned that.
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