Robert Paulson (OP)
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May 31, 2014, 03:54:25 PM |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
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Lethn
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May 31, 2014, 03:57:02 PM |
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The only reason 10BTC would be worth $1,000,000 is because of hyperinflation, in which case I wouldn't sell my coins and would be using them for directly buying stuff instead.
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Robert Paulson (OP)
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May 31, 2014, 04:02:55 PM |
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The only reason 10BTC would be worth $1,000,000 is because of hyperinflation, in which case I wouldn't sell my coins and would be using them for directly buying stuff instead.
there will never be more than 21 mil bitcoin. there are (today) 25 trillion dollars (M1). when bitcoin replaces the dollar one bitcoin will be worth 25 tril / 21 mil = 1,190,476.19048 USD (in todays purchasing power).
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Parazyd
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May 31, 2014, 04:05:38 PM |
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Posts like these make me feel wonderful!
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gagalady
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May 31, 2014, 04:06:57 PM |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
Who Is really interested in bitcoins and are hoping them to go over $100k will probably have more than 10 bitcoins because at the current price 10 bitcoins are only over $6k dollars and who can say that It's a lot? Those who think BTC will hop to 100k have at least 100 I think. And those who own 10 or something are just safely experimenting.
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BittBurger
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May 31, 2014, 04:09:48 PM |
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The only reason 10BTC would be worth $1,000,000 is because of hyperinflation, in which case I wouldn't sell my coins and would be using them for directly buying stuff instead.
Ok so? They're still worth 1 million. So you still have 1 million of buying power. "Six in one. Half a dozen the other" ... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Pretty sure we're the new wealthy elite. PS: F Mark T. Williams. http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/
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bryant.coleman
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May 31, 2014, 05:09:32 PM |
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I don't know. According to the polls posted here before, most of the users own less than BTC1. Nowhere close to becoming millionaires, even if Bitcoin increases in value by 100 times. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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Bit_Happy
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A Great Time to Start Something!
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May 31, 2014, 05:21:17 PM |
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There is limited room at the top. A world full of millionaires simply means your money isn't worth much. Also, there are many things in life more important than money....Have you (anyone) thought about that recently? This forum is full of future millionairesThis forum has a decent number of current millionaires: Congrats on your huge piles of money. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Parazyd
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May 31, 2014, 05:25:13 PM |
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This forum has a decent number of current millionaires: Congrats on your huge piles of money. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) My pile of money is a microSD card ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) EDIT: ... and a paper wallet.
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bryant.coleman
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May 31, 2014, 05:27:28 PM |
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There is limited room at the top. A world full of millionaires simply means your money isn't worth much. Right now there are some 12,000,000 millionaires in the world. If everyone with more than BTC10 becomes a millionaire, that number is going to increase by less than 1%. Not a major change by any means.
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bananaControl
Sr. Member
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Decentralize All The Things!
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May 31, 2014, 05:32:12 PM |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
I like what you are saying. Say more, please! Also, there are many things in life more important than money....Have you (anyone) thought about that recently?
And money makes it possible to devote more time to pursue those things ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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gagalady
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May 31, 2014, 05:35:09 PM |
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There is limited room at the top. A world full of millionaires simply means your money isn't worth much. Right now there are some 12,000,000 millionaires in the world. If everyone with more than BTC10 becomes a millionaire, that number is going to increase by less than 1%. Not a major change by any means. Knowing that there are over 7 Billion people over all world and 12 million people are millionaires that means about 0.17 % of the people are millionaires and that doesn't sound much at all.
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Meuh6879
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May 31, 2014, 05:36:58 PM |
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Also, there are many things in life more important than money.
OK ... Bro 1) Kids ? - hospital $$$ - education $$$ - food $$$ 2) Travel ? - airplane $$$ - taxi $$$ - insurance $$$ 3) The healthy ? - Bio food $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - Sport $ - no stressed job $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ .... So live in a island and cook coconut if you want but you tip in a forum ... so you have PC or usually computer to do and this cost a lot if you don't work for it.
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MICRO
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May 31, 2014, 05:47:03 PM |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
Hehe , interesting. Cant wait till my 10m satoshis are worth 1m $ . PS. Not going to happen
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MICRO
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May 31, 2014, 05:48:59 PM |
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Also, there are many things in life more important than money.
OK ... Bro 1) Kids ? - hospital $$$ - education $$$ - food $$$ 2) Travel ? - airplane $$$ - taxi $$$ - insurance $$$ 3) The healthy ? - Bio food $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - Sport $ - no stressed job $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ .... So live in a island and cook coconut if you want but you tip in a forum ... so you have PC or usually computer to do and this cost a lot if you don't work for it. Very good point bro. Actually money is most important thing in life , u almost cant live without it. Except maybe in some cave with some garden and animals to make food ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . But that is not life. So yes , money is most important thing in life.
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ArticMine
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Monero Core Team
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May 31, 2014, 05:56:49 PM |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
I suspect 10 BTC worth 1,000,000 USD (in 2014 purchasing power) will happen way sooner than 10-20 years. As for the USD imploding I doubt it, more like USD keeping 95% of today's value or more. As for an implosion, gold is the far more likely candidate in a brutal bear market. The fiat pundits will just sit by and watch a massive transfer of Austrian / Libertarian wealth from gold to Bitcoin.
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Bit_Happy
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May 31, 2014, 06:24:41 PM |
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There is limited room at the top. A world full of millionaires simply means your money isn't worth much. Right now there are some 12,000,000 millionaires in the world. If everyone with more than BTC10 becomes a millionaire, that number is going to increase by less than 1%. Not a major change by any means. Knowing that there are over 7 Billion people over all world and 12 million people are millionaires that means about 0.17 % of the people are millionaires and that doesn't sound much at all.
Fine...In the USA "millionaire" has lost it's once lofty status since we have had a huge increase in paper "wealth" the last 20 or 30 years. These days in America 1 Million Dollars is not nearly enough to be comfortable for very long.
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zimmah
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May 31, 2014, 07:06:33 PM Last edit: May 31, 2014, 07:22:27 PM by zimmah |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
2~4 years This forum has a decent number of current millionaires: Congrats on your huge piles of money. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) My pile of money is a microSD card ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) EDIT: ... and a paper wallet. ah good one, i should probably make a backup on sd as well. probably last longer than USB and easy to carry and hide.
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madmadmax
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May 31, 2014, 08:24:55 PM |
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. most of the fiat pundits who mock bitcoin today will be eating their hat when the USD finally implodes. be glad you are lucky enough to be here in this moment in time when bitcoin is first invented, it will be quite a story to tell...
His name was Robert Paulson
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oureptsC
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May 31, 2014, 08:37:47 PM |
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Also, there are many things in life more important than money.
OK ... Bro 1) Kids ? - hospital $$$ - education $$$ - food $$$ 2) Travel ? - airplane $$$ - taxi $$$ - insurance $$$ 3) The healthy ? - Bio food $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - Sport $ - no stressed job $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ .... So live in a island and cook coconut if you want but you tip in a forum ... so you have PC or usually computer to do and this cost a lot if you don't work for it. Very good point bro. Actually money is most important thing in life , u almost cant live without it. Except maybe in some cave with some garden and animals to make food ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . But that is not life. So yes , money is most important thing in life. Well yes you must be capable to earn money for surviving but It depends how you look at It money Is not important but It's important what you can do or buy with It. Like If you have a job you earn a salary enough to buy food , clothes ect.. and you don't make such big deal about money. But If you say you must have money to barely do anything in this world you are right.
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