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Author Topic: A perspective on just how rare it is to own 0.1 BTC:  (Read 10207 times)
fgmnp (OP)
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November 24, 2013, 07:39:03 PM
Last edit: July 13, 2019, 06:48:39 AM by deego
 #1

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November 24, 2013, 07:58:26 PM
 #2

Occupy Bitcoin!

We are the 99.997%!

.
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COINECT
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KieranJones1
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November 24, 2013, 08:00:54 PM
 #3

Thanks for posting this. This makes it way easier to justify holding onto my Bitcoin (instead of spending it) - knowing +0.1 BTC ownership is this rare makes it seem a lot more likely we'll see sharper exchange rates in the future!
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November 25, 2013, 02:37:19 AM
 #4

I personally feel that my little treasure of 2.8 BTC is huge  Grin
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November 25, 2013, 03:44:08 AM
 #5

Feel good thread

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November 25, 2013, 07:11:03 AM
 #6

Indeed, I feel better already Wink

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November 25, 2013, 08:01:17 AM
 #7

I think this thread should be considered speculation, and by speculation I mean really really out there. Judge out BTC holdings based on the entire earth's population? Why would anyone even spend the time doing that lol.
I'm all in with BTC, but sometimes the threads are just a bit out there.

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November 25, 2013, 08:03:41 AM
 #8

not trolling but this is like a feel-good thread.

so you have $80 in bitcoins, don't feel too bad that other people have millions in BTC  Cheesy
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November 25, 2013, 08:06:33 AM
 #9

With new interest in BTC, I see a lot of so-called "latecomers" who feel they are late to the party and have missed the boat.
I want to tell them that the party is just starting.
I want to tell them that the boat is just sailing.
 
That their 0.1 BTC makes them so rare as to be among the top 0.xxxxXX% as far as bitcoin ownership is concerned.
That, if bitcoin becomes the world's currency, their amazing secret to untold riches is simply to hold on to that 0.1 BTC.

So, here goes:

Please see this wonderful post by rpietila
https://bitcointalk.org/index.php?topic=316297.0.

Now, let me translate this to top X%, assuming a world population of 7e9.

Do you own "JUST 0.1 BTC"?  CONGRATS! You are among the TOP 0.004%!!
  By all means, hold on to those 0.1 BTC, and maybe, just maybe, untold riches await you!

Do you own 1 BTC? CONGRATS! You are among the TOP 0.003%.

Do you own 10 BTC? CONGRATS! You are among the TOP 0.001%.

Do you own 100 BTC? CONGRATS! You are among the TOP 0.0002%

Do you own 1000 BTC? CONGRATS! You are among the TOP 0.00002%, or among the top 1000 people.

Do you own 10,000 BTC? CONGRATS. You are among the TOP 0.0000007%, or among the top 50 people.


(not legal/financial/any advice, investments are risky and can bankrupt you, past performance doesn't predict future, void where prohibited, remove plastic before consuming, etc.)

How exactly does this assume BTC is divided? Or is that just word population / Bitcoin Supply?

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November 25, 2013, 08:09:49 AM
 #10

MMM feeling Like I finally belong in the 1%  Cheesy

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November 25, 2013, 08:13:18 AM
 #11

so, when we can we start oppressing the masses?
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November 25, 2013, 08:35:16 AM
 #12

so, when we can we start oppressing the masses?

Soon Soon lol although its libertarian roots so maybe its revolutionizing and liberating the masses  Wink

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November 25, 2013, 09:41:48 AM
 #13

I'd rather look at it the other way around.
Like having 0.1% of BTC.

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November 25, 2013, 10:58:34 AM
 #14

For you to be in the "richies" means that you at least own a couple USD million dollars with current purchasing power (aka asuming it doesnt get devalued by time).
The scenareo some paint I simply cant believe it. These guys that believe not only 1BTC= 10k, 100k or even 1Million are delusional IMO. Do you think the goverment and powers that be are going to let random NEETs that happened to mine a shit ton of BTC on the early days become the new 1% clique? Get real. Im sure BTC will rise a bit still but we are certainly late to the party to pertain to that 1% in terms of purchasing power.

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November 29, 2013, 09:03:30 PM
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With new interest in BTC, I see a lot of so-called "latecomers" who feel they are late to the party and have missed the boat.
I want to tell them that the party is just starting.
I want to tell them that the boat is just sailing.


I remember coming in at $10 and thinking I was too late.
I remember when it hit $100 and everyone else thinking they were too late.
Same at $250, $500, etc etc.

It would be great at $5000 and hearing people say the same thing.

I can't wait to sell a $5000 bitcoin.    I mean, why wait, who wants to buy that future $5000 coin from me now?  Smiley

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November 29, 2013, 09:47:39 PM
 #16

... if bitcoin becomes the world's currency...


dont think so but it can be a huge thing of course and its a great opportunity. and yes, we are still in the early adopter phase.

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November 29, 2013, 09:57:36 PM
 #17

ahh..getting so much positive vibes out of this thread  Cheesy

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November 29, 2013, 10:49:13 PM
 #18

Where is LTC in all this? As I got more of 'em.  Huh

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November 29, 2013, 10:54:27 PM
 #19

I'd rather look at it the other way around.
Like having 0.1% of BTC.

The glass is always half-empty, hey? Cheesy

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November 29, 2013, 11:01:24 PM
 #20

I think this post is great and realistic for luring people into bitcoin. People usually don't have thousands of dollars to put into bitcoin and naturally they are thinking that a small fraction like 0.1 makes no difference.

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