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Author Topic: 1 in a million  (Read 6094 times)
Pursuer
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February 15, 2017, 06:24:15 AM
 #1

being one in a million is one of those interesting topics in bitcoin if you ask me. we all know that there will only be 21 million maximum bitcoins available (ignoring the number of coins lost).

so if you have 21 bitcoins you can be one in a million.

now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.

The following is the cost of being 1 in a million throughout the past years.
* bubbles are ignored and price is average

Year|21BTC cost
2008-2010|Practically free!
2010|$3.7
2011|$84
2012|$188
2013|$2,200
2014|$9,030
2015|$5,670
2016|$12,117
2017|$21,210 Today's price (2017-2)

when you look at things like that, they seem pretty ridiculous that once you could be 1 in a million with only 3 bucks but today you have to pay 21 grand to be 1 in a million


The 6 months updates:
Date|21BTC cost
2017-6|$50,400
2018-1|$##

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davis196
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February 15, 2017, 06:54:15 AM
 #2

I wish i started mining and bying bitcoins back in 2010 like the early adopters.
I was pretty stupid at that time. Angry
I don`t know what`s the point of this "research"?Do you have 21 btc?
I will never have 21 bitcoins.



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supergenics
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February 15, 2017, 07:28:27 AM
 #3

I think the cost of bitcoin at the All Time high in late 2013 and early 2014 is as high as now, about $1000/BTC.

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★YoBit.Net★ 350+ Coins Exchange & Dice


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February 15, 2017, 07:32:00 AM
 #4

It's the potential of the bitcoin as well as the magic of time. Those who adopted bitcoin in the early phase (2008 to 2012) have received multifold returns on their investments however I personally believe that we are still in early phase and bitcoin is yet to show it's real potential and we will see it over the time. In next 10 years, bitcoin will have a good noticeable user base as compared to that of other payment processors.

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February 15, 2017, 07:33:27 AM
 #5

I will never have 21 bitcoins.

If you say you'll never have 21 bitcoins, you're right...you never will.

Where's your confidence?

Don't get stuck in the past! Think about where we are today and how lucky you'll be in 5 or 10 years that you knew about bitcoin today. What can you save in a month? Take that money and buy bitcoin. Fractions every moth add up to a whole in surprisingly quick time. Just make it automatic and stop discouraging yourself!

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February 15, 2017, 07:40:23 AM
 #6

I think the cost of bitcoin at the All Time high in late 2013 and early 2014 is as high as now, about $1000/BTC.

the price was about the same as today for a short time back in 2013 but that was a fake pump leading to a "bubble" in bitcoin. and bubbles are not real prices and will pop as we saw it afterwards.

I will never have 21 bitcoins.

nobody said you should have 21 bitcoin!
have whatever amount you can have, whether it is 21BTC or 0.21BTC price is rising overtime anyways!














 

 

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Barbut
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February 15, 2017, 07:51:23 AM
 #7

I wish i started mining and bying bitcoins back in 2010 like the early adopters.
I was pretty stupid at that time. Angry
I don`t know what`s the point of this "research"?Do you have 21 btc?
I will never have 21 bitcoins.

When I watching this list that OP presented us I wish I started mining, buying, I would even claim bitcoins from faucets back in 2010. I can`t say I was stupid back then, I just wasn`t aware of bitcoin in that time even I was very active on internet.
Back then was much easier to make 21 btc, now its harder but its not impossible I think. I wonder how will this list look like for 10 years, when I watch this list I have a feeling that bitcoin can really go to the sky in next 10 years. Thanks for this awesome list and reminder my friend.

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1JUw682E1ktYGE4AKXsmocDJKEJwWRHVUC


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February 15, 2017, 08:07:31 AM
 #8

I will never have 21 bitcoins.

If you say you'll never have 21 bitcoins, you're right...you never will.

Where's your confidence?

Don't get stuck in the past! Think about where we are today and how lucky you'll be in 5 or 10 years that you knew about bitcoin today. What can you save in a month? Take that money and buy bitcoin. Fractions every moth add up to a whole in surprisingly quick time. Just make it automatic and stop discouraging yourself!
i love people who gives words of encouragement not some huge words of drawback that goes around with other people, but also, my friend it is only time that tells if u are really sure to make up to or more than 21 bitcoins, to me i have not made 1 bitcoin yet, but......

.

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February 15, 2017, 08:08:38 AM
 #9

considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  Smiley
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February 15, 2017, 08:47:54 AM
 #10

considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  Smiley

People are now going to wish that they can turn back time when Bitcoin is free so hey can get as many as possible,but this is not possible anymore and now people in the altcoin section are still stuck,searching for the next big thing in the crypto currency.



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bravehearth0319
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February 15, 2017, 08:50:54 AM
 #11

I wish i started mining and bying bitcoins back in 2010 like the early adopters.
I was pretty stupid at that time. Angry
I don`t know what`s the point of this "research"?Do you have 21 btc?
I will never have 21 bitcoins.

The point of this research only is to get the opinion's of the individuals in this forum. Though like you it was regrettable to me way back 2014 I think when bitcoin downfall at 200$, I supposed to buy that time but because being negative I didn't listen to friend advice to buy bitcoin, but I never buy any of it even a single satoshi. But its almost past, so now I saved bitcoin every time I earn at the end of the day.  Smiley

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February 15, 2017, 09:10:26 AM
 #12

considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  Smiley

People are now going to wish that they can turn back time when Bitcoin is free so hey can get as many as possible,but this is not possible anymore and now people in the altcoin section are still stuck,searching for the next big thing in the crypto currency.

Many people wish they could turn back time but we know this is not possible. So, what is don is done, there is no use in regret. Instead we should look into future and see how to profit the most from the current situation and make plans for future. Acumulate coins, trade them, invest them but don't expect the mirracle. With Bitcoins you should also invest your time and knowledge and nothing doesn't fall out of the sky.

.BITSLER.                 ▄███
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Zadicar
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February 15, 2017, 09:16:48 AM
 #13

considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  Smiley

People are now going to wish that they can turn back time when Bitcoin is free so hey can get as many as possible,but this is not possible anymore and now people in the altcoin section are still stuck,searching for the next big thing in the crypto currency.

Many people wish they could turn back time but we know this is not possible. So, what is don is done, there is no use in regret. Instead we should look into future and see how to profit the most from the current situation and make plans for future. Acumulate coins, trade them, invest them but don't expect the mirracle. With Bitcoins you should also invest your time and knowledge and nothing doesn't fall out of the sky.
You are right theres no point on regretting as of these days since we cant really go back in the past and the feeling of regretting is really there but we cant do anything about it and as you said we should focus now and just do the normal saving up of bitcoin because theres still a future on bitcoin.

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February 15, 2017, 10:19:10 AM
 #14

considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million  Smiley

One in a million as OP pointed out is usually about having the amount out of the total supply not the current supply. currently it is 16+ million coins and it is rising by about 1800 bitcoins every day. so if you want to consider the current available supply you need to increase the amount you hodl every day.














 

 

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Invincible
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February 15, 2017, 12:02:02 PM
 #15

It's a great achievement to become one in a million in Bitcoin. There are approximately 15 mln dollar millionaires on Earth. So if you are one in a million in Bitcoin it's 15 times cooler than to be a dollar millionaire  Wink
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February 15, 2017, 01:00:31 PM
 #16

when you look at things like that, they seem pretty ridiculous that once you could be 1 in a million with only 3 bucks but today you have to pay 21 grand to be 1 in a million
This just shows the potential of bitcoin, as we can see its growing exponentially and I don't expect it will stop. Now, unfortunately, not 1 in a million and probably will never be if bitcoin prices keep on rising like this.

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February 15, 2017, 01:09:48 PM
 #17

I guess most of us wish they bought Bitcoins in 2008-2010..... I didn't even care that much about investments at the time.. But today it shouldn't be late either! If the price of 21BTC grew by this much from year to year.. It should mean that in the next years it can go even more above! Smiley
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February 15, 2017, 01:15:54 PM
 #18

It will just cost you more as time pass by. But for me, it is not important to belong to that 1 in a million group. It is more important for me to get as much bitcoin as I have before the price becomes too high to avail a bitcoin.

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February 15, 2017, 01:46:11 PM
 #19

Unfortunately it's unlikely the price is ever going down to even just double of its lowest. Sadly I only learned about bitcoin last December. So yeah, sucks for me. 21 bitcoins is still something to aspire to but I find it unlikely for me. I'd probably need to work my ass off 24/7 hours to save up that much in 5 years. Minimum monthly wage here is around 1/5 of a bitcoin.

For us late adopters, we probably just need to spare a part of our monthly earnings and have it converted to btc. Sure, we'd be buying less and less each month as the price rises but at least whatever small amount we got would be worth much more after a year.

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February 15, 2017, 02:01:58 PM
 #20

Time can really tell the difference if something of someone has progress, well bitcoin came in an unexpected price that you would not imagine that it would be this big right now, well I think the time has a big influence and the value of bitcoin is this imaginably big right now well I can say bitcoin is a 1 in a million Cryptocurrency that stood to the test of time!


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