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Vaccinus
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February 17, 2017, 11:43:54 AM
 #61

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...

you don't need 100+ when bitcoin will be very high in value, i'm trying to have 1 at least and wait for bitcoin to go to $100.000 usd, because bitcoin is limited and defaltionary will go there one day it's a matter of adoption and worldwide diffusion, and in fact both thing are tied, bitcoin can't grow if a single person is holding 100 btc 1000 btc or more

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February 17, 2017, 11:46:26 AM
 #62

That is the true potential of Bitcoin. they are of great value, and that is the magic of time, which is its achievements over many years of operation. About profits that the participants from the beginning to now is huge. and certainly it will be more in the future, especially the next 5 years, when the world is recognized Bitcoin. Bitcoin's potential is limitless, and it is for us to see that. a wonderful thing

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February 17, 2017, 12:11:24 PM
 #63

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.

I also wish I could turn back the time when my friend was persuading me to do bitcoin so that I could have a source of money, but I didn't listen to him that day, and now, I am regretting it, and he said to me "You don't need to regret it anymore, because it is in the past, what important is you are now earning bitcoin, and you are lucky because other people don't know about it" and that's what enlightens me.

So there is no reason for us anymore to regret what we did in the past, if we ignored bitcoin before, then it is not too late to pay attention on it right now, let's just keep on supporting it, because having bitcoin in our life is really awesome.

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February 17, 2017, 12:12:58 PM
 #64

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...

you don't need 100+ when bitcoin will be very high in value, i'm trying to have 1 at least and wait for bitcoin to go to $100.000 usd, because bitcoin is limited and defaltionary will go there one day it's a matter of adoption and worldwide diffusion, and in fact both thing are tied, bitcoin can't grow if a single person is holding 100 btc 1000 btc or more

You must be stupid to believe that 1BTC will worth 100,000$ someday.
No goverment, no institution, no one will allow BTC to get to 100,000$.
They will manipulate it like they have done with Gold prices.
BTC will reach $2000 or more at the end of 2017 and for the next couple of years will rise about 150%, after that the price will become steady, decline or rise very little. I don't see past 10,000$ within the decade.
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February 17, 2017, 12:24:29 PM
 #65

I could reach that amount by just waiting for massive dumps and then to buy these dips, but it's a pointless/meaningless purpose to chase 21BTC.

It's an unrealistic target for the far majority of the people here as well. At this point reaching 1BTC for long term hodling purposes should be a doable goal.

Anything you manage to collect more than this 1BTC will play out in your favor in the long term. Never force yourself to achieve something that simply isn't in your range.

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February 17, 2017, 12:24:37 PM
 #66

Current is 21k usd, so you mean they will be 50X of current price? It looks an impossible mission. But who know? I think 10k usd will come eventually.

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February 17, 2017, 12:29:18 PM
 #67

Current is 21k usd, so you mean they will be 50X of current price? It looks an impossible mission. But who know? I think 10k usd will come eventually.

So was the $1k price tag. It means a $50k price, which doesn't look really impossible looking at the fact that.. Bitcoin went up from NOTHING to $1k. A million dollars price would look impossible although its probable.. +$10k will probably be reached this/next year.

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February 17, 2017, 01:48:46 PM
 #68

well nobody is expecting that bitcoin can grow this big, and when bitcoin was created, many people very pessimistic about bitcoin and only a bunch of groups that show interest in bitcoin, but now everybody is looking for bitcoin and try to invest in bitcoin, so nobody can predict the future but we still can be rich from bitcoin, because this is just the beginning of bitcoin growth

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February 17, 2017, 02:08:49 PM
 #69

well nobody is expecting that bitcoin can grow this big, and when bitcoin was created, many people very pessimistic about bitcoin and only a bunch of groups that show interest in bitcoin, but now everybody is looking for bitcoin and try to invest in bitcoin, so nobody can predict the future but we still can be rich from bitcoin, because this is just the beginning of bitcoin growth

Well I really think that even if we can not attain that 21 million mark on bitcoin we can still come up with a good profit with it and that is why there are so many people that are attaining such feats in earning with it and some are just enjoying the life that they have with bitcoin and I think miners have a great experience with bitcoin right now and some investors really looking forward in attaining a good impact because the value is still going straight up!

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spartacusrex
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February 17, 2017, 03:03:42 PM
 #70

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...

you don't need 100+ when bitcoin will be very high in value, i'm trying to have 1 at least and wait for bitcoin to go to $100.000 usd, because bitcoin is limited and defaltionary will go there one day it's a matter of adoption and worldwide diffusion, and in fact both thing are tied, bitcoin can't grow if a single person is holding 100 btc 1000 btc or more

You must be stupid to believe that 1BTC will worth 100,000$ someday.
No goverment, no institution, no one will allow BTC to get to 100,000$.
They will manipulate it like they have done with Gold prices.
BTC will reach $2000 or more at the end of 2017 and for the next couple of years will rise about 150%, after that the price will become steady, decline or rise very little. I don't see past 10,000$ within the decade.

I'll take that bet..  Wink

IF, (and it's a big IF) on March 11th they say 'YES'... I see $10,000 in the next 12 months.

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February 17, 2017, 03:13:05 PM
 #71

well nobody is expecting that bitcoin can grow this big, and when bitcoin was created, many people very pessimistic about bitcoin and only a bunch of groups that show interest in bitcoin, but now everybody is looking for bitcoin and try to invest in bitcoin, so nobody can predict the future but we still can be rich from bitcoin, because this is just the beginning of bitcoin growth
Agreed, you just cannot tell what will happen month to month with bitcoin but one thing is for sure, it will be around for a long time whether the price drops or the price goes up, bitcoin will still exist.

It is still early in the life of bitcoin, it hasn't even reached it's teenage years yet, a long way to go.

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February 17, 2017, 03:17:54 PM
 #72

now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.
Total number of people living on earth is a bit misleading data when you try to present scarcity of bitcoin.

We know that large part of the world's population is living in poverty or has no internet access.

There is no way these people would ever be able to purchase or own bitcoin.

So, to present how bitcoin could spread, wouldn't it be more accurate base your calculation/estimation on number of people in the world  with the the Internet access?

The newest data (from 2015), when the International Telecommunication Union estimated that we have about 3.2 billion people using Internet.
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March 05, 2017, 10:26:14 AM
 #73

That is a nice calculation and I might believe it.  Grin
It sure feel great when you have that kind of number of bitcoins. One in a million. Imagine what will happen in the years to come. We might be needing to go deeper in order to get even half of a bitcoin. It will so rare that everyone would want a share of it. Good thing we started early so we could hoard more.

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March 05, 2017, 11:14:03 AM
 #74

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...
If the price keep rising, even 1 btc would be enough to make us rich Cheesy
Soon we will have 1 btc cost $20k

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March 05, 2017, 11:15:06 AM
 #75

That is a nice calculation and I might believe it.  Grin

what is there not to believe!!
i don't see OP making any prediction about the future it is just a history of price and it is showing how bitcoin price has gone up in the past 8 years. something that was worth a couple of US cents is not worth 1200+ US dollar.
and those of us who got in early are winners. some are winning more because they got in when it was 10 cents and some are winning less since they got in when price was $200.

you have to decide which group you want to belong to in 10 years.

loving bitcoin...
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March 05, 2017, 12:09:59 PM
 #76

bitcoin is the best thing I've ever had. I never predict that the price would be so high. if I remember the first time I knew bitcoin in 2014, the price was great, but now it's very great. I wish I could earn more coins and hold it.

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March 05, 2017, 12:41:12 PM
 #77

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...

Dude you are not putting things into proper perspective. Who the fuck can nowadays afford a $20,000 investment into an high risk asset like bitcoin?

The people that know about bitcoin a minority

The people that own any bitcoin are an even smaller minority

The people that own at least 1BTC are an ever smaller minority

The people that own at least 21BTC are an ever smaller minority....

etc

What I mean is, 21BTC is an investment that very, very, very few people have nowadays. Most people don't have $20,000 on their bank account, let alone on bitcoin. Look at the stats.


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Bonpay
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March 05, 2017, 02:42:47 PM
 #78

21BTC today worth about 20,000$ aprox.
Why envy him? It isn't THAT big amount to have.
For me, a BIG amount is to have 100+ BTC not 21...

Dude you are not putting things into proper perspective. Who the fuck can nowadays afford a $20,000 investment into an high risk asset like bitcoin?

The people that know about bitcoin a minority

The people that own any bitcoin are an even smaller minority

The people that own at least 1BTC are an ever smaller minority

The people that own at least 21BTC are an ever smaller minority....

etc

What I mean is, 21BTC is an investment that very, very, very few people have nowadays. Most people don't have $20,000 on their bank account, let alone on bitcoin. Look at the stats.

it is not about investing right now which would cost you more than 20K dollars. it is about investing slowly and what you can when price was low. for example if that person bought at $100 that could have been 2K dollars and have the amount of bitcoin and hodl it to make the profit today.
and having 2K worth of bitcoin today (~2BTC) can mean having 20K dollars tomorrow.














 

 

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ophyrim
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March 05, 2017, 03:12:40 PM
 #79

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

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

Maybe the next question is, "what will be the future price of bitcoin?" It is easy to predict the increase, but it is very hard to make an approximate price prediction. Even regression models is not reliable.

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March 05, 2017, 03:27:54 PM
 #80

I like your chart, it only proves that statistically bitcoin will keep going up (I hope that's the case). I guess everyone should invest now so that in a few years when being 1 in a million costs even more, we can be a part of that "club" heheh

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