One day, holding one bitcoin will make you a millionaire.

[Luciddd]

Mark my words. 

[anu]

Mark my words. 

Thats commonplace. The real question is: Will Bitcoin hyperdeflate faster than $ hyperinflates?

[josiahgarber]

Mark my words. 

How do you figure?

[Luciddd]

Mark my words. 

How do you figure?

[naphto]

Mark my words. 

Earth will probably die before that point.


Or maybe your not refering to 1 million usd, but 1 million air molecules?

[Zaih]

Sounds like a deal to me. 

[notme]

Mark my words. 

Earth will probably die before that point.


Or maybe your not refering to 1 million usd, but 1 million air molecules?

$10k in 1913 would buy you the same as 0.5 - 2 million today.  If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today.  It might not even exist in 100 years, but if it does $1 million isn't completely insane.  Unless you are saying Earth will die before then?

[naphto]

$10k in 1913 would buy you the same as 0.5 - 2 million today.  If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today.  It might not even exist in 100 years, but if it does $1 million isn't completely insane.  Unless you are saying Earth will die before then?

I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million?


And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ...
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.

[notme]

$10k in 1913 would buy you the same as 0.5 - 2 million today.  If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today.  It might not even exist in 100 years, but if it does $1 million isn't completely insane.  Unless you are saying Earth will die before then?

I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million?

http://www.measuringworth.com/ppowerus/

This isn't exactly what I was looking at before, but type in 1913, $10,000 and 2013.

In 2012, the relative value of $10,000.00 from 1913 ranges from $177,000.00 to $4,010,000.00.

So we have at least double your estimate.

And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ...
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.

Tell that to all the people buying it with dollars, yen, euro, yuan, rmb, rubles, pesos, etc.

[worldinacoin]

Those early adopters with 100k BTC wallets are already millionaires.

[Manna]

Money is only worth it, because people accept and believe in a currency and is sometimes backed up by gold from the central banks. When nobody accepts Euro or Dollar it is also worth nothing.
Currency estimation of price is a thing of acceptance and belief.

[Luciddd]

All I know is I'll be happy and walking like the guy in my icon when my btc is worth a cool one mil.

[escrow.ms]

Mark my words. 

And you will laugh when there will be millions of millionaires and no one will be ready to buy their bitcoins.

[ElectricMucus]

Money is only worth it, because people accept and believe in a currency and is sometimes backed up by gold from the central banks. When nobody accepts Euro or Dollar it is also worth nothing.
Currency estimation of price is a thing of acceptance and belief.

And the application of force.
If I owe you bitcoins and you live in the US I can pay you back in USD and there is nothing you can do about it as long as the US exists. Plus you have to hold some in order to pay taxes or you go to jail.

[Elwar]

When Bitcoin is worth a million dollars I plan on using mine to buy a loaf of bread.

[kokojie]

$10k in 1913 would buy you the same as 0.5 - 2 million today.  If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today.  It might not even exist in 100 years, but if it does $1 million isn't completely insane.  Unless you are saying Earth will die before then?

I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million?


And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ...
Bitcoin is worth nothing. That's not like a house, a car, or something you can use.

I don't get it, why do you assume average inflation is 2%? It's more like 5%. $10k buys you a nice mansion in 1913, a nice house in 1963, and barely a bathroom today.

[chriswilmer]

Those early adopters with 100k BTC wallets are already millionaires.

Is everyone bad at arithmetic today? 10k BTC is over a million USD TODAY! (just look at the bitcoin pizza index at http://www.ounce.me/)

[Le Happy Merchant]

When Bitcoin is worth a million dollars I plan on using mine to buy a loaf of bread.

This clever mother-f***** right here.

[Luciddd]

When Bitcoin is worth a million dollars I plan on using mine to buy a loaf of bread.

This clever mother-f***** right here.

looool 

[zoinky]

By the time this day comes, a million dollars won't be what it is today.