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Gordonium (OP)
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October 22, 2013, 11:58:57 AM |
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There are approximately 10 million millionaires in the world. So even if only all the millionaires would have Bitcoins and no one else, there would only be about 2 Bitcoins on average per millionare.
TL:DR: There is lot of potential for upside.
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1Pakis
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October 22, 2013, 12:36:26 PM |
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Are you implying that anyone holding 2 bitcoins will become a millionaire?
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Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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nobbynobbynoob
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October 22, 2013, 12:36:55 PM |
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are implying that holding 2 bitcoins will become a millionaire?
Just wait and see.  |
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Rannasha
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October 22, 2013, 12:40:34 PM |
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are implying that anyone holding 2 bitcoins will become a millionaire?
By the very definition of the word millionaire, they won't be. They'll be holding 2 BTC, not 1,000,000+. What purchasing power these 2 BTC is a completely different story. |
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1Pakis
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October 22, 2013, 12:43:44 PM |
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There are 200,000,000 satoshi in 2 BTC |
Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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xDan
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October 22, 2013, 12:48:53 PM |
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There is approximately 10 billion solar systems in our galaxy.
Therefore, if humanity expanded to each of these solar systems, and assuming each has a single habitable planet there would be approximately 0.0021 BTC for use per solar system.
Assuming each solar system has approximately the GDP of earth (~71 trillion $USD); this would give a value of 1 Bitcoin equalling roughly a BAJILLION crisp American dollars.
So hold tight everyone, it's gonna be a crazy ride!
(I would recommend investing in some form of cryostasis to be around to see this though.)
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HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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Erdogan
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Activity: 1512
Merit: 1005
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October 22, 2013, 02:09:25 PM |
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are implying that anyone holding 2 bitcoins will become a millionaire?
By the very definition of the word millionaire, they won't be. They'll be holding 2 BTC, not 1,000,000+. What purchasing power these 2 BTC is a completely different story. Dollar millionaires, or bitcoin singulaires. |
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jamesc760
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October 22, 2013, 03:07:44 PM |
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are implying that anyone holding 2 bitcoins will become a millionaire?
By the very definition of the word millionaire, they won't be. They'll be holding 2 BTC, not 1,000,000+. What purchasing power these 2 BTC is a completely different story. Dollar millionaires, or bitcoin singulaires. you mean, bitcoin Doubleaires? |
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nobbynobbynoob
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October 22, 2013, 03:09:15 PM |
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Singulaires representing either single digits of original full bitcoins, or the new singularity.
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superresistant
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October 22, 2013, 03:18:36 PM |
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There are approximately 10 million millionaires in the world. So even if only all the millionaires would have Bitcoins and no one else, there would only be about 2 Bitcoins on average per millionare.
TL:DR: There is lot of potential for upside.
I Don't get it |
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derpinheimer
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October 22, 2013, 03:23:41 PM |
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Terrible logic lmao.
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tutkarz
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October 22, 2013, 03:29:40 PM |
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imagine all of this millionaires bought their 2 bitcoins except one of them. How much those last two bitcoins would cost.
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cAPSLOCK
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Whimsical Pants
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October 22, 2013, 03:37:20 PM |
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Now we're thinging.
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zby
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October 22, 2013, 03:38:31 PM |
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This talk about millioners buying bitcoins always comes at the tops of the waves - a bearish sign.
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wasserman99
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October 22, 2013, 03:39:41 PM |
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This talk about millioners buying bitcoins always comes at the tops of the waves - a bearish sign.
many bearish indicators around this forum yesterday and today (man the permabulls who got rolled over in April who are now confident enough to go on and on about 5-figure BTC tomorrow really get me) ...... if CNY doesn't start recovering soon i think i will dump and wait this out |
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Buffer Overflow
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October 22, 2013, 03:51:41 PM |
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If CNY doesn't start recovering soon i think i will dump and wait this out
Dump to what? |
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wasserman99
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October 22, 2013, 04:41:34 PM |
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If CNY doesn't start recovering soon i think i will dump and wait this out
Dump to what? dollars. above 1200 cny now though.  |
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BitChick
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October 22, 2013, 05:50:14 PM |
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I was punching some numbers yesterday. I was thinking that realistically the market cap of Bitcoin would potentially equal that of the biggest corporations in the world (I know Bitcoin is not a corporation but just go along with me here.) Let's say that it does equal Apple and has about a 500 billion market cap. With all 20 million Bitcoin in circulation that would mean 1 BTC would be worth $25,000. That is still a long way from a million. I don't think it is realistic to think it could get to a million but someone please give me reasons why I am wrong in this. I guess if it becomes the world's reserve currency perhaps? Is that a bit of a stretch? I guess time will tell but I do think that $25,000 should be attainable at some point. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Buffer Overflow
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October 22, 2013, 05:54:58 PM |
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If CNY doesn't start recovering soon i think i will dump and wait this out
Dump to what? dollars. above 1200 cny now though. I always worry about leaving my flat on an exchange. |
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Realpra
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October 22, 2013, 06:37:04 PM |
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There is approximately 10 billion solar systems in our galaxy.
Therefore, if humanity expanded to each of these solar systems, and assuming each has a single habitable planet there would be approximately 0.0021 BTC for use per solar system.
Assuming each solar system has approximately the GDP of earth (~71 trillion $USD); this would give a value of 1 Bitcoin equalling roughly a BAJILLION crisp American dollars.
So hold tight everyone, it's gonna be a crazy ride!
(I would recommend investing in some form of cryostasis to be around to see this though.)
Bitcoin doesn't scale to that size due to the speed of light and the need for the network to synch. These other systems would likely have their own while Bitcoin would be limited to the Earth, Moon and Mars economies - even Mars might have its own Marscoin. Largely trading knowledge streams directly is the only viable options for interplanetary economies and beyond. |
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