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Author Topic: All you need is 0.2 BTC when bitcoin really takes off!  (Read 2753 times)
Skelephtna
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November 28, 2013, 02:44:01 AM
 #1

Hi guys,

Something struck me on my way home last night something struck me. When bitcoin really takes off, let's say 100000000 people use them and 20000000 bitcoin have been mined (in 2040, so that is about 1 in every hundred people having bitcoin). That means that the average amount of bitcoins a person has is 0.2. So having more than that already means you have more funds than average.

Skelephtna

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Iccarus13
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November 28, 2013, 02:52:54 AM
 #2

it ain't 2040 yet, but yes you are right  Grin
Skelephtna
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November 28, 2013, 02:58:43 AM
 #3

it ain't 2040 yet, but yes you are right  Grin

Everyone whining about being too late for investing should know this and see that 200$ dollars necessary to have an average amount of bitcoin in a few years is not really that much.

Skelephtna

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exstasie
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November 28, 2013, 03:07:02 AM
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Don't forget about the fact that probably at minimum a million BTC would have been lost forever for lost wallets, private keys thrown away..etc.

Lewis2
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November 28, 2013, 09:13:49 AM
 #5

2040 is a long haul though. Really wonder how many people have the patience to sit through the innevitable crashes for the next 30 years.

seanneko
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November 28, 2013, 09:28:15 AM
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2040 is a long haul though. Really wonder how many people have the patience to sit through the innevitable crashes for the next 30 years.

Not me. What's the point in being rich if you're so old that you can't enjoy the money and are going to die soon?

Even if it keeps going up and up, I'll probably be out within 5 years.
Light
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November 28, 2013, 10:23:39 AM
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I think I'm going to see this through; I haven't invested that much so I can afford to watch the rises and falls without too much anxiety. Although I don't think we're going to see such massive valuation anytime soon, it's more likely that this is simply another bubble that is going to pop soon, just depends on whether there are still any buyers on the market at this price.
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November 28, 2013, 11:42:43 AM
 #8

Don't forget about the fact that probably at minimum a million BTC would have been lost forever for lost wallets, private keys thrown away..etc.

lol... when the faucet was going, the original one, I remember I got some and thought nothing of it, never keeping the wallet. sad!
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November 28, 2013, 12:27:05 PM
 #9

2040 is a long haul though. Really wonder how many people have the patience to sit through the innevitable crashes for the next 30 years.

Not me. What's the point in being rich if you're so old that you can't enjoy the money and are going to die soon?

Even if it keeps going up and up, I'll probably be out within 5 years.

Right? Plus I'm in it with so little, as I recently jumped the bandwagon and as a student don't have much to spent. Will never be able to retire on btc, might as well cash out when I hit rolex money.

psyclon
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November 28, 2013, 12:59:43 PM
 #10

Don't forget about the fact that probably at minimum a million BTC would have been lost forever for lost wallets, private keys thrown away..etc.

and another one million or more is under one entity. and a third million under the control of a handful of people, so in the end you are left with roughly 18 million coins to divide.
Sindelar1938
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November 28, 2013, 04:34:54 PM
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In a benign scenario 0.2 btc buys you a Tesla... Cheesy

porcupine87
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November 28, 2013, 05:03:57 PM
 #12

Hi guys,

Something struck me on my way home last night something struck me. When bitcoin really takes off, let's say 100,000,000 people use them and 20000000 bitcoin have been mined (in 2040, so that is about 1 in every hundred people having bitcoin). That means that the average amount of bitcoins a person has is 0.2. So having more than that already means you have more funds than average.

Skelephtna

Why 100Mio. people?

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
deisik
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November 28, 2013, 05:34:42 PM
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2040 is a long haul though. Really wonder how many people have the patience to sit through the innevitable crashes for the next 30 years.

Not me. What's the point in being rich if you're so old that you can't enjoy the money and are going to die soon?

Even if it keeps going up and up, I'll probably be out within 5 years.

Perhaps in 2040 being rich would mean no longer being old, whatever your "official" age might be by that time. So it may actually be worth to have the patience to sit through the inevitable crashes for the years to come...

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November 28, 2013, 05:39:16 PM
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Well all I have is 0.2BTC So hurray! Im ready to take off  Grin

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November 28, 2013, 05:41:32 PM
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Don't forget about the fact that probably at minimum a million BTC would have been lost forever for lost wallets, private keys thrown away..etc.

Quantum computing could make it possible to recover all those "lost forever" coins. Indeed the Bitcoin protocol won't be what it is now by the time it is possible to perform such tricks...

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November 28, 2013, 06:21:58 PM
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i would never sell all the coins. you never know how this whole system will ermege.

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November 28, 2013, 07:21:20 PM
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There are two quantum computers In existence already .. Is it just a matter of time now ?

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November 28, 2013, 07:38:58 PM
 #18

200$ dollars necessary to have an average amount of bitcoin in a few years is not really that much.

Actually, at least 80% of humanity lives on less than $10 a day. So 200$ is quite alot as it is, a month or more of income for most people on earth.

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November 28, 2013, 07:45:30 PM
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There are two quantum computers In existence already .. Is it just a matter of time now ?

The computers you refer to are actually not true quantum computers. I'm not that much in quantum computing, but from what I heard the chips there (if you mean D-Wave systems') have only some of the quantum mechanical properties needed for full-blown quantum computing...

psyclon
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November 28, 2013, 11:45:42 PM
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There are two quantum computers In existence already .. Is it just a matter of time now ?

I think it is... I don't know the numbers, but I do know that those should be able to calculate significantly faster.
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