makingwin1
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November 29, 2015, 06:52:38 PM |
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its impossible to be a millionaire with that much bitcoins
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ThunderThomas
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fastdice.com The Worlds Fastest Bitcoin Dice
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November 29, 2015, 07:08:11 PM |
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You'll only become a millionaire if you keep that number of bitcoins growing. If you don't then it will be impossible for you to be a millionaire with .00000001 bitcoin
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Wilhelm
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November 29, 2015, 07:34:37 PM |
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At one magnitude a year your .00000001 BTC=$.000003 will turn into $3,000,000,000,000,000,000,000 So yes you will become a $3000-billion-billionair give or take
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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maokoto
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November 29, 2015, 08:38:33 PM |
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no because the whole economy market cap is in the range of Trillion, not even quadrillion, and even with quadrillion you have a tiny amount there
so if bitcoin will absorb every other money system out there you will not be rich
Exactly this. It is too few. Perhaps you could expect that satoshi to have the equivalent value of a dollar of today (which would be a wild raise). But not much more than that.
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ivanst776
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November 29, 2015, 08:47:40 PM |
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If most of bitcoins disappear or lost then the price of bitcoin will reach to the moon, and maybe at that time it would be hard to get a satoshi but i don't think that it will cost a million, ever.
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Pab
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Merit: 1012
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November 29, 2015, 10:21:19 PM |
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Work more and you will be satoshi bilionaire will you still alive by 2046 or will you take your btc with yourself
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tn211
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November 30, 2015, 04:02:28 PM |
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Work more and you will be satoshi bilionaire will you still alive by 2046 or will you take your btc with yourself
2046 hmm maybe I will be still a live I hope so. LOL Satoshi billionaire is not possible I think in that year. But who knows.
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bitcoin-hunter
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December 01, 2015, 02:33:42 PM |
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What do you guys think?
I think that will happend if I am dead -.- because that won't happend. If that amount of bitcoin will bitcoin you can't be millionaire in that year. Maybe if you do 24/7 faucets just maybe.
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Hugroll
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December 01, 2015, 02:45:37 PM |
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What do you guys think?
nope, not even close, for 0.00000001 to be worth 1 million dollars. 1 bitcoin would be worth 10000000000000 dollars. looool thats never gonna happen.
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CryptoBjorn
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December 01, 2015, 02:58:01 PM |
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What do you guys think?
nope, not even close, for 0.00000001 to be worth 1 million dollars. 1 bitcoin would be worth 10000000000000 dollars. looool thats never gonna happen. Lets say it will happen than we are rich WHAHAHA that is so funny if that happend than I will tell to my family it was worht of my time. Man that is just a lot of money then.
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David Rabahy
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December 01, 2015, 04:07:47 PM |
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Let's say a 2015 US dollar can buy a dozen eggs. At the exchange rate today that's about BTC0.0028. If Bitcoin goes to $1,000,000(2015)/BTC tomorrow like people dream about (and that dozen eggs still costs just $1(2015)) then that dozen eggs will effectively cost BTC0.000001=100 Satoshi.
If the US dollar inflation rate is severe and a 2046 US dollar is worth only 0.1% of a 2015 US dollar then the eggs will cost $1,000(2046). If the Bitcoin exchange is unexpectedly/unlikely still $360(2046)/BTC then it would take BTC2.78 to buy the eggs in 2046. If the exchange rate exactly matched the inflation then it would be $360,000(2046)/BTC and the eggs would be BTC0.0028.
If the Bitcoin exchange rate outperforms inflation and is worth $1,000,000(2015)/BTC that works out to $1,000,000,000(2046)/BTC which is well short of 1 Satoshi being worth $1,000,000.
To reach 1 Satoshi being worth $1,000,000(2046) we would have $100,000,000,000,000(2046)/BTC; if we constrain ourselves to a maximum exchange rate of $1,000,000(2015)/BTC then the US dollar inflation rate would have to be much much worse.
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jehst (OP)
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December 01, 2015, 04:22:40 PM |
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Let's say a 2015 US dollar can buy a dozen eggs. At the exchange rate today that's about BTC0.0028. If Bitcoin goes to $1,000,000(2015)/BTC tomorrow like people dream about (and that dozen eggs still costs just $1(2015)) then that dozen eggs will effectively cost BTC0.000001=100 Satoshi.
If the US dollar inflation rate is severe and a 2046 US dollar is worth only 0.1% of a 2015 US dollar then the eggs will cost $1,000(2046). If the Bitcoin exchange is unexpectedly/unlikely still $360(2046)/BTC then it would take BTC2.78 to buy the eggs in 2046. If the exchange rate exactly matched the inflation then it would be $360,000(2046)/BTC and the eggs would be BTC0.0028.
If the Bitcoin exchange rate outperforms inflation and is worth $1,000,000(2015)/BTC that works out to $1,000,000,000(2046)/BTC which is well short of 1 Satoshi being worth $1,000,000.
To reach 1 Satoshi being worth $1,000,000(2046) we would have $100,000,000,000,000(2046)/BTC; if we constrain ourselves to a maximum exchange rate of $1,000,000(2015)/BTC then the US dollar inflation rate would have to be much much worse.
Thank you. I officially declare this question answered and I, the op, satisfied.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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afbitcoins
Legendary
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Activity: 2100
Merit: 1061
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December 02, 2015, 11:46:29 PM |
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Let's say a 2015 US dollar can buy a dozen eggs. At the exchange rate today that's about BTC0.0028. If Bitcoin goes to $1,000,000(2015)/BTC tomorrow like people dream about (and that dozen eggs still costs just $1(2015)) then that dozen eggs will effectively cost BTC0.000001=100 Satoshi.
If the US dollar inflation rate is severe and a 2046 US dollar is worth only 0.1% of a 2015 US dollar then the eggs will cost $1,000(2046). If the Bitcoin exchange is unexpectedly/unlikely still $360(2046)/BTC then it would take BTC2.78 to buy the eggs in 2046. If the exchange rate exactly matched the inflation then it would be $360,000(2046)/BTC and the eggs would be BTC0.0028.
If the Bitcoin exchange rate outperforms inflation and is worth $1,000,000(2015)/BTC that works out to $1,000,000,000(2046)/BTC which is well short of 1 Satoshi being worth $1,000,000.
To reach 1 Satoshi being worth $1,000,000(2046) we would have $100,000,000,000,000(2046)/BTC; if we constrain ourselves to a maximum exchange rate of $1,000,000(2015)/BTC then the US dollar inflation rate would have to be much much worse.
So that was a No ?
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mladen00
Legendary
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Activity: 2124
Merit: 1013
K-ing®
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December 03, 2015, 07:38:05 AM |
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What do you guys think?
yes, if you're from Zimbabwe Zimbabwe ($1 = 642,371,437,695, 221,000): We’re not sure what comes after trillions – zillions? Our experts tell us it’s actually quadrillions. Either way, it costs $35 million Zimbabwe dollars to buy an egg. If you plan to emigrate, maybe you should try for Somalia instead. At least they’re still on the charts.
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IOTA
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traderbit
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December 03, 2015, 07:41:39 AM |
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It depends on what currency you want to be millionaire For example being millionaire in USD currency is lots of work. 1 Million Vietnamese Dong equals to $44.5 which i think you can be Dong millionaire fast.
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Newcoins2020
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December 03, 2015, 08:55:31 AM |
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It depends on what currency you want to be millionaire For example being millionaire in USD currency is lots of work. 1 Million Vietnamese Dong equals to $44.5 which i think you can be Dong millionaire fast. Hahahhaha omg a Dong Millionair that is so funny name. Wow! only for 44.5 dollar you can be a Dong millionair that is just a lot of money to Vietnamese then. Oh well I wish I could be a USD millionair :/
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DuckKeeper
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December 04, 2015, 01:17:18 PM |
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What do you guys think?
So you are saying that with my satoshi now I can be a millionaire in year 2046. Than I will do a lot of faucets to be millionair and not working anymore. That wouldn't happen that amount of money to be a million.
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ElpadroBitcoin
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December 04, 2015, 01:29:47 PM |
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I don't think so, I don't see this happening.
Unless you start earning more bitcoins, I don't think you'll be a millionaire by 2046
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ridery99
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December 04, 2015, 01:59:39 PM |
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No
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Hashminers
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December 04, 2015, 03:20:15 PM |
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I don't think so, I don't see this happening.
Unless you start earning more bitcoins, I don't think you'll be a millionaire by 2046
Hahhah maybe not, if some one is gonna be millionair it will be me I will just do 24/7 faucets. And maybe some signature campaign. We will see.
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