aes1 (OP)
Member
Offline
Activity: 66
Merit: 10
|
|
March 21, 2013, 12:14:27 AM |
|
and I feel privileged to do so. Imagine, you can buy 21 BTC with just over 1000 euros (around 1350 USD)... and this will get you a one millionth of the bitcoin economy (which will eventually be 21 million bitcoins). That's awesome, in a way. What would it cost to buy one millionth of the existing gold reserve? That's about 10 million USD. http://en.wikipedia.org/wiki/Gold_reserveHow about one millionth of cash in circulation? Already in 2008, this was about 4 million USD. http://en.wikipedia.org/wiki/Circulation_(currency) Somehow I feel that bitcoin is going to be big.
|
|
|
|
|
|
|
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
BTC Books
Member
Offline
Activity: 84
Merit: 10
|
|
March 21, 2013, 12:18:32 AM |
|
+1
|
Dankedan: price seems low, time to sell I think...
|
|
|
bbit
Legendary
Offline
Activity: 1330
Merit: 1000
Bitcoin
|
|
March 21, 2013, 12:24:10 AM |
|
Congrads!
|
|
|
|
nobbynobbynoob
|
|
March 21, 2013, 12:29:03 AM |
|
Congratulations and welcome to the "club".
Of course, Bitcoin is not a get-rich-quick scheme (hard to believe that, I know) and BTC21 isn't a great deal of money... yet. Oh, if only I were twentysomething now instead of an old fogie. Ah well, I still love Bitcoin anyway.
|
|
|
|
BTC Books
Member
Offline
Activity: 84
Merit: 10
|
|
March 21, 2013, 12:33:07 AM |
|
Congratulations and welcome to the "club".
Of course, Bitcoin is not a get-rich-quick scheme (hard to believe that, I know) and BTC21 isn't a great deal of money... yet. Oh, if only I were twentysomething now instead of an old fogie. Ah well, I still love Bitcoin anyway.
Yeah. If I were a twentysomething I'd be living in a van down by the river, eating uncooked ramen, working three jobs and putting every dime into BTC, and BTC businesses.
|
Dankedan: price seems low, time to sell I think...
|
|
|
|
bbit
Legendary
Offline
Activity: 1330
Merit: 1000
Bitcoin
|
|
March 21, 2013, 12:55:40 AM |
|
|
|
|
|
Steve
|
|
March 21, 2013, 01:01:33 AM |
|
|
|
|
|
No_2
|
|
March 21, 2013, 01:08:45 AM |
|
Very funny! Where is this from? (I'm in the UK and this looks like US TV).
|
|
|
|
Bowjob
|
|
March 21, 2013, 01:16:42 AM |
|
I welcome you to the new wealthy elite!
|
It seemed like a good idea at the time.
|
|
|
Mike Christ
aka snapsunny
Legendary
Offline
Activity: 1078
Merit: 1003
|
|
March 21, 2013, 01:24:07 AM |
|
Very funny! Where is this from? (I'm in the UK and this looks like US TV). You're right It's Saturday Night Live, 90's
|
|
|
|
tonto
|
|
March 21, 2013, 02:24:32 AM |
|
Earlier today I started to feel sorry for myself for spending a bunch of coins last year (but got myself some kick-ass AR-15 parts), because I now see the jump to $60+. But then as I thought more about it, the fact that I did that was helpful in a small way to the bitcoin economy. I helped it grow, even at a tiny fraction. It's all of us, using it, that helps it become legitimate, and I still think I'm considered an early adopter. Although that line is quickly approaching to mainstream. So now I'm back up to 8 (I'm a slow miner) and hopefully soon I'll rejoin the one millionth of the bitcoin economy club.
|
|
|
|
bg002h
Donator
Legendary
Offline
Activity: 1463
Merit: 1047
I outlived my lifetime membership:)
|
|
March 21, 2013, 03:03:16 AM |
|
Some what ifs: If all the Bitcoin now in existence (11 million) were of equal value to the annual world wide gold production (2.7 kt...about 2.7x10^9 grams{Wikipedia}...$50 / gram), then BTC1 would be worth $12,000. If this years production of Bitcoin (btc inflation rate is about 10% now...25*6*24*365=1.3E6) were to equal 1 yr gold production (gold inflation rate is about 1.5% btw), then 11E6/1.3E6~=10....so, 1 Bitcoin would be worth $120,000. If all the Bitcoins that will ever exist equaled all the gold ever mined (about $10 trillion), 10E12/21E6=$500,000/btc. If you add in silver and platinum...you get the idea So, yeah, BTC21 is a lot. Maybe I should hit up dailybitcoins.org...their 1/100 of a m BTC payout might someday be worth $5
|
|
|
|
Rincewind
Newbie
Offline
Activity: 56
Merit: 0
|
|
March 21, 2013, 05:27:21 AM |
|
David Spade and Christina Applegate fighting back completely losing it never gets old. Their expressions to Farley going off-script are better than the skit itself.
|
|
|
|
Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
|
|
March 21, 2013, 06:30:58 AM |
|
David Spade and Christina Applegate fighting back completely losing it never gets old. Their expressions to Farley going off-script are better than the skit itself. I thought that was Christina when I first view it.
|
|
|
|
SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
|
|
March 21, 2013, 06:42:13 AM Last edit: March 21, 2013, 08:05:30 AM by SgtSpike |
|
Just don't own 210,000 BTC.... then you'd be the 1%! EVIL!!!
|
|
|
|
maxmint
|
|
March 21, 2013, 06:50:33 AM |
|
Just don't own 21,000 BTC.... then you'd be the 1%! EVIL!!!
Imagine that Satoshi possibly could be in the 10% club – with only one member.
|
|
|
|
SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
|
|
March 21, 2013, 08:05:18 AM |
|
Just don't own 21,000 BTC.... then you'd be the 1%! EVIL!!!
Imagine that Satoshi possibly could be in the 10% club – with only one member. Yeah and I got my number horribly, horribly wrong there. Should have been 210,000 = 1%.
|
|
|
|
Mageant
Legendary
Offline
Activity: 1145
Merit: 1001
|
|
March 21, 2013, 08:42:38 AM |
|
The challenge is holding onto the 21 BTC once they start getting really valuable.
|
cjgames.com
|
|
|
Seal
Donator
Hero Member
Offline
Activity: 848
Merit: 1078
|
|
March 21, 2013, 10:25:55 AM |
|
How poetic. Grats.
|
|
|
|
|