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Author Topic: 0.28% of the world will ever have a chance of owning a full BTC - We are god!  (Read 356 times)
relentless1 (OP)
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November 18, 2017, 02:22:40 PM
 #1

0.28% of the world will ever have a chance of owning a full BTC 21 million coins / 7.5 billion people. Thats not true though because early guys have hundreds of coins, so actually this figures is even less!

If bitcoin is the next world currency, us early adopters are going to be very well off in years to come.

If you follow the bell curve:

2.5% Innovators
13.5% Early adopters
34% Early majority
34% Late majority
16% Laggards

Even with Bitcoin 8 years old, we are still in the VERY early stages of innovators. So the guys whos started in 2010 must be God / Jesus lol

I feel so privileged to find btc this early (since Aug 17 lol) and can see myself winning the lottery slowly. Im planning to get some btc for my kids for when they grow up for a house down payment. If BTC grows to $1 Million, then what I btc I buy for my kinds will be enough for a down payment.

Ladies and gents, if we HODL, we'll be rich in years to come. Its 125x from this point for a million btc
ColdShoulder
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November 18, 2017, 02:47:55 PM
 #2

In that case, its safe to say we are we early adopters, right??
freightjoe
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November 18, 2017, 02:53:03 PM
 #3

Are you sure you are god? The investors in dotcom companies in the late '90 were saying exactly the same thing as you are now.


In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison.

Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly.

It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000.

For all you bitcoin investors - would you be happy with seeing 90% of your value lost now, and then have to wait 17 years just to get back to where you are now?

Or is it time to cash in before it is too late?

http://money.cnn.com/2000/11/09/technology/overview/
susila_bai
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November 18, 2017, 03:33:05 PM
 #4

Are you sure you are god? The investors in dotcom companies in the late '90 were saying exactly the same thing as you are now.


In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison.

Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly.

It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000.

For all you bitcoin investors - would you be happy with seeing 90% of your value lost now, and then have to wait 17 years just to get back to where you are now?

Or is it time to cash in before it is too late?

http://money.cnn.com/2000/11/09/technology/overview/

What theory you are telling about NASDAQ crash , Bitcoin have seen this crash in late starting when MT.Gox exchange took Bitcoin value from cent to $1100 up and then in a single day it went back to 2 digit value of Bitcoins only this year the Bitcoin value have got this much high, but this time it is healthy increase and lot of fundamentals are included. But still i think Bitcoin is good if you consider it as a good investment asset, but seeing as currency is lot of things to be depended.
freightjoe
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November 18, 2017, 03:44:13 PM
 #5



What theory you are telling about NASDAQ crash
[/quote]

Not a theory. It is called reality. It happened.
audaciousbeing
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November 18, 2017, 03:44:47 PM
 #6

0.28% of the world will ever have a chance of owning a full BTC 21 million coins / 7.5 billion people. Thats not true though because early guys have hundreds of coins, so actually this figures is even less!

If bitcoin is the next world currency, us early adopters are going to be very well off in years to come.

If you follow the bell curve:

2.5% Innovators
13.5% Early adopters
34% Early majority
34% Late majority
16% Laggards

Even with Bitcoin 8 years old, we are still in the VERY early stages of innovators. So the guys whos started in 2010 must be God / Jesus lol

I feel so privileged to find btc this early (since Aug 17 lol) and can see myself winning the lottery slowly. Im planning to get some btc for my kids for when they grow up for a house down payment. If BTC grows to $1 Million, then what I btc I buy for my kinds will be enough for a down payment.

Ladies and gents, if we HODL, we'll be rich in years to come. Its 125x from this point for a million btc


Your analysis and dream are very much valid because it shows someone who is a believer and not ready to dump if he manage to get his hands on 1btc because in the next few years, to get 1btc will be as difficult as robbing a bank so if anyone is able to get one now, keep and guide it jealously.

The unfortunate thing about the above dream coming true is a conditional statement and that is the bolded part which might come true or not based on if its the next world currency.
ActiveMars
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November 18, 2017, 03:51:09 PM
 #7

Are you sure you are god? The investors in dotcom companies in the late '90 were saying exactly the same thing as you are now.


In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison.

Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly.

It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000.

For all you bitcoin investors - would you be happy with seeing 90% of your value lost now, and then have to wait 17 years just to get back to where you are now?

Or is it time to cash in before it is too late?

http://money.cnn.com/2000/11/09/technology/overview/

I suggest that if bitcoin will lose nearly 90% of it's price — no one will invest in it later. Bubble like this could shock people and it would be cryptocurrency's end. But not coins go up and you can ea rn a lot of money — don't lose your chance for success.
Hexcolyte
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November 18, 2017, 04:19:01 PM
 #8

Bitcoin is obviously highly concentrated in current situation. I don't think Bitcoin would survive as a general currency if we are the Gods who own higher percentage of them. So in the future, I think maybe Bitcoin will become an alternate currency instead of a currency that anyone can use to trade in daily basis, it's just not realistic.

Btw someone up there is correct, Bitcoin market can be manipulated with crazy huge amount of money, so dropping 90% within a day is entirely possible.
erickkyut
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November 18, 2017, 04:35:58 PM
 #9

0.28% of the world will ever have a chance of owning a full BTC 21 million coins / 7.5 billion people. Thats not true though because early guys have hundreds of coins, so actually this figures is even less!

If bitcoin is the next world currency, us early adopters are going to be very well off in years to come.

If you follow the bell curve:

2.5% Innovators
13.5% Early adopters
34% Early majority
34% Late majority
16% Laggards

Even with Bitcoin 8 years old, we are still in the VERY early stages of innovators. So the guys whos started in 2010 must be God / Jesus lol

I feel so privileged to find btc this early (since Aug 17 lol) and can see myself winning the lottery slowly. Im planning to get some btc for my kids for when they grow up for a house down payment. If BTC grows to $1 Million, then what I btc I buy for my kinds will be enough for a down payment.

Ladies and gents, if we HODL, we'll be rich in years to come. Its 125x from this point for a million btc

No doubt about it. Bitcoin is really something very worthy in the future. We are really lucky to know it now because we can save and HODL it early on a cheaper price. It is something we can leave to our family in the next generations. Bitcoin will definitely be the future money and we are definitely honored to know it early and believe on it.
Guzztsar
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November 18, 2017, 04:45:51 PM
 #10

-snip-

I suggest that if bitcoin will lose nearly 90% of it's price — no one will invest in it later. Bubble like this could shock people and it would be cryptocurrency's end. But not coins go up and you can ea rn a lot of money — don't lose your chance for success.
It could happen. But even if bitcoin dies, blockchain is increasingly being used in many applications
and digitalization of the money seems to be inevitable, another cryptocurrency eventually will replace btc.
krauzzer02
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November 18, 2017, 04:46:45 PM
 #11

Yes the people who are the pioneers of the bitcoin community that still holds their btc till now is like on the bell curve of god tier which is totally awesome to resist any kinds of temptations done by the past pumps, look they are multi millionaires now.

But for me we are in the curve between early majority to Late majority the Laggards will be our future grand sons and daughters but if you are smart enough you will save and hold a bunch of btc for their future like what your doing for sure if the btc strikes the highest price that it can attained that would be the greatest thing that we will give to them that can be a form as a last testament or what ever you can call it.

bittraffic
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November 18, 2017, 04:51:05 PM
 #12

Sadly it took years for me to realize BTC isn't going to be replaced by a token. If I just knew, I would have kept the 17 BTC I got back when its price was yet $250. Very unfortunate that some of them were sent to some ICO scams. Right now and then I'm saving all I got like BTC and ETH.
iram1011
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November 18, 2017, 04:54:11 PM
 #13

I see the craze to own a whole Bitcoin as a way to increase demand and price in future. When world's richest who might not know or own bitcoin right now will know about it, they will definitely find it a luxury to own atleast one Bitcoin. This might sounds like bullshit now, but this craze can alone take Bitcoin to some $100k to $1m level. When people have money in abundance, they only care about possessing the best and the rarest. So will happen to bitcoin with only 21 million supply.
dothebeats
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November 18, 2017, 05:00:47 PM
 #14

As one anonymous user here in bitcointalk has stated, we are the new rich gentlemen because of bitcoin. A few bitcoins right now could set you well off for your whole life in a country where the cost of living isn't too high but still you'd live pretty decent. Owning some bitcoins also gets you the privilege to accrue profit over time just by holding those precious coins. Though it's true that a couple hundreds are still in possession of a select few, still the coins are being distributed every single day. In the next few years, those satoshis could be worth cents who knows? The most important thing right now is to accumulate while it's still early.

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