How is someone with 10000 BTC on them living now? Quora Question

[bitcoinFan1987]

http://www.quora.com/Bitcoin/How-is-someone-with-10000-BTC-on-them-living-now

[BadBitcoin (James Sutton)]

it immediately asked me to login/register before I could read anything, do you mind posting it here?

[franky1]

answer: very comfortably

[LiteCoinGuy]

answer: very comfortably

so : close 

[VolanicEruptor]

unfortunately 99% of people who become rich will spend it on material possessions rather than experiences, and because of this they don't reach the happiness they thought they would.    I would spend it on experiences instead.  I would go skydiving around the world, do a HALO jump, get my pilots license, go surfing, scuba diving, etc etc etc..

[escrow.ms]

it immediately asked me to login/register before I could read anything, do you mind posting it here?

You can bypass that login window by clicking anywhere. Anyways OP is offline so i did it for you.

[franky1]

unfortunately 99% of people who become rich will spend it on material possessions rather than experiences, and because of this they don't reach the happiness they thought they would.    I would spend it on experiences instead.  I would go skydiving around the world, do a HALO jump, get my pilots license, go surfing, scuba diving, etc etc etc..

those experienced enough to get 10,000 honestly and fairly obviously know a thing or two about finance. and from personal experience, im living off the 'profits' / interest of lump sums and adding to the lumps. thus not technically spending more then im earning. thus having true financial freedom to not have to worry

those that have never experienced wealth above a certain level will of course spend it on wasteful possessions, that they pretend will enrich their lives

[toffoo]

As an aside, mathematically there are fewer than 1,000 people in the world today with 10K or more BTC .  If i had to make a guesstimate, I'ld wager that there are probably fewer than 200 people in the world with that many bitcoins.

Where does this "mathematics" come from?  If multiple bitcoin addresses can be owned by individuals, how is something like this even knowable?

[bg002h]

As an aside, mathematically there are fewer than 1,000 people in the world today with 10K or more BTC .  If i had to make a guesstimate, I'ld wager that there are probably fewer than 200 people in the world with that many bitcoins.

Where does this "mathematics" come from?  If multiple bitcoin addresses can be owned by individuals, how is something like this even knowable?

Well, if 1000 people had ฿10,000, that'd be 10 million Bitcoins (roughly as many as are in existence). Thus, I'd say 200 is a pretty darn good off the cuff estimate.

I believe the "mathematics" employed is called "multiplication." :-)

[Buffer Overflow]

Well someone with 10000 BTC is living the same as before they had the 10000 BTC. The coins are just sitting there doing nothing.

That person would need to liquidate all or part of them to change their lifestyle.