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Author Topic: If bitcoins become massive, what is a good amount to have?  (Read 1611 times)
mr_random (OP)
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February 27, 2013, 04:26:30 PM
Last edit: May 28, 2014, 12:26:23 AM by mr_random
 #1

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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marhjan
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February 27, 2013, 04:29:45 PM
 #2

Well...  100,000btc is currently worth over $3 million USD.  So that's a good amount.  There's also the "Vladimir Club" the premise of which is that 2,100btc (which is 1/10,000th of all btc to be issued) is a good amount to shoot for.

And yes - there's a few people here who have (or HAD) over 100,000btc from the early days.  How many are still holding is VERY interesting indeed

Donations happily accepted @ 15qxNsc7pBiz5kXpAJykw4etzMbZitm2mk
DannyHamilton
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February 27, 2013, 04:33:54 PM
 #3

Bitcoin could fail and collapse, or it could reach sustained mainstream use in everyday transactions.

Given the former, there isn't any amount of bitcoins you could hold on to that would make you "the new wealthy elite".

Given the later, it's conceivable that 1 BTC could be worth $100,000 someday.  In that case, 30 BTC would be worth $3 million!
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February 27, 2013, 04:47:21 PM
 #4

Moar. My plan is to keep buying what I can afford until I no longer need to. Then I will quit my day job. Bitcoin cannot fail unless either the laws of mathematics or human nature change.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
dirtycat
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February 27, 2013, 04:51:02 PM
 #5

dont put all your eggs in one basket.. buy some iraqi dinar too just in case!

poop!
Stephen Gornick
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February 27, 2013, 07:39:29 PM
 #6

dont put all your eggs in one basket.. buy some iraqi dinar too just in case!

I see what you did there.

Unichange.me

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wormbog
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February 27, 2013, 07:56:48 PM
 #7

I'd say you need to own 1,000 BTC right now to have a shot at becoming "rich" in the next 10 years. I define "rich" as being wealthy enough to live on your investment income rather than working.

To actually become one of the wealthy elite, meaning that you're so wealthy that you can get away with questionable stuff because people are afraid of you, you'd need to be a true early adopter holding 100K BTC or more.
HyAfo
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February 27, 2013, 08:36:03 PM
 #8

As much I can Cheesy
Jaw3bmasters
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February 27, 2013, 09:34:55 PM
 #9

Bitcoin is already massive. Now check the time-line.......

2013-2025: About 100k BTC

2026-2050: About 1k BTC

2050~      : 1 single unit of BTC.

Give or take......


In Cryptography we trust.
bitcool
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February 27, 2013, 09:41:48 PM
 #10

Bitcoin is already massive. Now check the time-line.......

2013-2025: About 100k BTC

2026-2050: About 1k BTC

2050~      : 1 single unit of BTC.

Give or take......


great!  ... but what am I going to do between now and 2050?
BBQKorv
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February 27, 2013, 09:42:33 PM
 #11

It seems quite massive to me already, WordPress and Reddit aren't any small stuff.
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February 27, 2013, 09:43:10 PM
 #12

32767
supert
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February 27, 2013, 10:20:06 PM
 #13

moar.
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February 27, 2013, 11:31:57 PM
 #14

I can't imagine holding on to a very large amount of bitcoins currently.  As others have stated, the bitcoin market could collapse at any moment and their is no FDIC for BC Smiley
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February 27, 2013, 11:53:29 PM
 #15

I concur...
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February 28, 2013, 12:26:28 AM
 #16

If they become more mainstream, I can only assume that they have more intrinsic value due to the fact that they are accept more widely.  However, we have their value crash before, so I would be very careful, if I were you.
creativex
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February 28, 2013, 12:36:50 AM
 #17

Definitely. Hold onto something safe...like fiat. Grin

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February 28, 2013, 02:56:25 AM
 #18

with block rewards becoming smaller with the more mining being done i dont see how the price can crash.. unless BC somehow gets compromised and cannot be fixed.

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February 28, 2013, 11:24:51 AM
 #19

I think the answer depends on how massive it actually gets. But if the megabulls are right, you could have about 2-3K per coin so if you had about 300-500 coins you'd be pretty much set

www.sgBitcoin.net - The Premier News, Discussion & Marketplace Destination for the Singaporean Bitcoin Community
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February 28, 2013, 11:37:57 AM
 #20

Bitcoin cannot fail unless either the laws of mathematics or human nature change.

Or until someone finds a weakness in one of the cryptographic primitives (or builds a working quantum computer).
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