cygan
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ChartBuddy
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BitcoinBunny
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February 18, 2024, 11:02:17 AM |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
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somac.
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February 18, 2024, 11:44:41 AM Last edit: February 18, 2024, 11:57:55 AM by somac. |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
If bitcoiin is doubling in price every day for 30 days, I'll take the million and buy a million worth of bitcoin on day 1 and have that double for 30 days. Is that allowed? Maybe you should add rice as option https://owlcation.com/stem/Rice-on-a-Chessboard-Exponential-numbers
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m2017
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February 18, 2024, 12:11:32 PM |
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~snip
This phrase sounds too philosophical. The concept of "deserve" is too loose. Did you intentionally post such a large picture so that no one would miss this common truth? It would probably sound more plausible like this: “everyone gets bitcoin at the price that they is willing to pay now".
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Gachapin
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February 18, 2024, 12:57:30 PM |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
Bitcoiners know too well how exponential maths works. Unfortunately many people who take out longterm loans don't.
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ChartBuddy
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February 18, 2024, 01:01:17 PM |
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ChartBuddy
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February 18, 2024, 02:03:23 PM |
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philipma1957
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February 18, 2024, 02:04:03 PM |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
1,000,000 the doubling effect is only better if you live long enough . 23 months to get to 1.6777216 btc 27 months to get to 26.9435456 btc 36 months to get to 13,743.8953472 this is 707,810,610.3808 USD at 51,500 usd 40 months to get to 219,902.3255552 more than I would need for sure 46 months to get to 14,073,748.8355328 this would be too much btc
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El duderino_
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February 18, 2024, 02:14:22 PM |
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Been to long in Belgium So another game Where the Dude @
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xhomerx10
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February 18, 2024, 02:45:36 PM |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
1,000,000 the doubling effect is only better if you live long enough . 23 months to get to 1.6777216 btc 27 months to get to 26.9435456 btc 36 months to get to 13,743.8953472 this is 707,810,610.3808 USD at 51,500 usd 40 months to get to 219,902.3255552 more than I would need for sure 46 months to get to 14,073,748.8355328 this would be too much btc You have to read that again @philipma1957! I made the same mistake as you initially and then I thought it couldn't be this easy so I read it again. Double every day for 30 days.Day 1: 0.0000002 BTC Day 2: 0.0000004 BTC Day 3: 0.0000008 BTC Day 4: 0.0000016 BTC Day 5: 0.0000032 BTC Day 6: 0.0000064 BTC Day 7: 0.0000128 BTC Day 8: 0.0000256 BTC Day 9: 0.0000512 BTC Day 10: 0.0001024 BTC Day 11: 0.0002048 BTC Day 12: 0.0004096 BTC Day 13: 0.0008192 BTC Day 14: 0.0016384 BTC Day 15: 0.0032768 BTC Day 16: 0.0065536 BTC Day 17: 0.0131072 BTC Day 18: 0.0262144 BTC Day 19: 0.0524288 BTC Day 20: 0.1048576 BTC Day 21: 0.2097152 BTC Day 22: 0.4194304 BTC Day 23: 0.8388608 BTC Day 24: 1.6777216 BTC Day 25: 3.3554432 BTC Day 26: 6.7108864 BTC Day 27: 13.4217728 BTC Day 28: 26.8435456 BTC Day 29: 53.6870912 BTC Day 30: 107.3741824 BTC So unless we think bitcoin is going back to a little OVER 9000! in a month, or gonna do a 5X in a month (if we took the money now and bought 19.28 BTC with it) - bitcoins are the better deal but then hasn't that pretty much always been the case in the long term?
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ChartBuddy
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February 18, 2024, 03:01:19 PM |
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Ambatman
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February 18, 2024, 03:50:45 PM |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
If bitcoiin is doubling in price every day for 30 days, I'll take the million and buy a million worth of bitcoin on day 1 and have that double for 30 days. Is that allowed? Maybe you should add rice as option https://owlcation.com/stem/Rice-on-a-Chessboard-Exponential-numbersIs good you used if, because Imo it's practically impossible for Bitcoin price to double everyday especially in this stage. I would pick the 0.0000002BTC to be doubled every day in 30days. xhomerx10 has already shown why it's beneficial 107BTC is around $5.35Million with Btc price priced at $50K. Now we in a bull run The profit when it would be priced around $180K would be mouth watering. I think philipma1957 thought it would be doubled every 30days.
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ChartBuddy
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February 18, 2024, 04:03:22 PM |
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OutOfMemory
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
1,000,000 the doubling effect is only better if you live long enough . 23 months to get to 1.6777216 btc 27 months to get to 26.9435456 btc 36 months to get to 13,743.8953472 this is 707,810,610.3808 USD at 51,500 usd 40 months to get to 219,902.3255552 more than I would need for sure 46 months to get to 14,073,748.8355328 this would be too much btc You have to read that again @philipma1957! I made the same mistake as you initially and then I thought it couldn't be this easy so I read it again. Double every day for 30 days.Day 1: 0.0000002 BTC Day 2: 0.0000004 BTC Day 3: 0.0000008 BTC Day 4: 0.0000016 BTC Day 5: 0.0000032 BTC Day 6: 0.0000064 BTC Day 7: 0.0000128 BTC Day 8: 0.0000256 BTC Day 9: 0.0000512 BTC Day 10: 0.0001024 BTC Day 11: 0.0002048 BTC Day 12: 0.0004096 BTC Day 13: 0.0008192 BTC Day 14: 0.0016384 BTC Day 15: 0.0032768 BTC Day 16: 0.0065536 BTC Day 17: 0.0131072 BTC Day 18: 0.0262144 BTC Day 19: 0.0524288 BTC Day 20: 0.1048576 BTC Day 21: 0.2097152 BTC Day 22: 0.4194304 BTC Day 23: 0.8388608 BTC Day 24: 1.6777216 BTC Day 25: 3.3554432 BTC Day 26: 6.7108864 BTC Day 27: 13.4217728 BTC Day 28: 26.8435456 BTC Day 29: 53.6870912 BTC Day 30: 107.3741824 BTC So unless we think bitcoin is going back to a little OVER 9000! in a month, or gonna do a 5X in a month (if we took the money now and bought 19.28 BTC with it) - bitcoins are the better deal but then hasn't that pretty much always been the case in the long term? Still not quite correct. Double every day for 30 days means 31 days in total, with day1 being 0.0000002 BTC, then doubling for 30 days.
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promise444c5
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February 18, 2024, 04:49:09 PM |
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I think philipma1957 thought it would be doubled every 30days.
Yeah definitely, it was obvious from is calc. If bitcoiin is doubling in price every day for 30 days, I'll take the million and buy a million worth of bitcoin on day 1 and have that double for 30 days.
The drill was a case statement Either you get 1milli or you get (2 E-7)worth of BTC which will get doubled every single day for 30 days. getting a bitcoin with $1milli in the kind of situation isn't worth it, you accept the btc and get the btcs doubled no matter what the price entails sounds like a good idea And yeah maybe adding rice as am option could be much more better
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Gachapin
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February 18, 2024, 04:49:58 PM |
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Would you rather have: - $1 million
- 0.0000002 BTC, but doubled every day for 30 days
1,000,000 the doubling effect is only better if you live long enough . 23 months to get to 1.6777216 btc 27 months to get to 26.9435456 btc 36 months to get to 13,743.8953472 this is 707,810,610.3808 USD at 51,500 usd 40 months to get to 219,902.3255552 more than I would need for sure 46 months to get to 14,073,748.8355328 this would be too much btc You have to read that again @philipma1957! I made the same mistake as you initially and then I thought it couldn't be this easy so I read it again. Double every day for 30 days.Day 1: 0.0000002 BTC Day 2: 0.0000004 BTC Day 3: 0.0000008 BTC Day 4: 0.0000016 BTC Day 5: 0.0000032 BTC Day 6: 0.0000064 BTC Day 7: 0.0000128 BTC Day 8: 0.0000256 BTC Day 9: 0.0000512 BTC Day 10: 0.0001024 BTC Day 11: 0.0002048 BTC Day 12: 0.0004096 BTC Day 13: 0.0008192 BTC Day 14: 0.0016384 BTC Day 15: 0.0032768 BTC Day 16: 0.0065536 BTC Day 17: 0.0131072 BTC Day 18: 0.0262144 BTC Day 19: 0.0524288 BTC Day 20: 0.1048576 BTC Day 21: 0.2097152 BTC Day 22: 0.4194304 BTC Day 23: 0.8388608 BTC Day 24: 1.6777216 BTC Day 25: 3.3554432 BTC Day 26: 6.7108864 BTC Day 27: 13.4217728 BTC Day 28: 26.8435456 BTC Day 29: 53.6870912 BTC Day 30: 107.3741824 BTC So unless we think bitcoin is going back to a little OVER 9000! in a month, or gonna do a 5X in a month (if we took the money now and bought 19.28 BTC with it) - bitcoins are the better deal but then hasn't that pretty much always been the case in the long term? Still not quite correct. Double every day for 30 days means 31 days in total, with day1 being 0.0000002 BTC, then doubling for 30 days. correct. 0.0000002 BTC x 2^30 = 214.748... BTC
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Gachapin
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February 18, 2024, 04:51:12 PM |
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Been to long in Belgium So another game Where the Dude @ some caribbean island
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