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tsoPANos
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September 08, 2014, 08:05:17 PM |
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Just think; there will only be 21,000,000 (21 million) bitcoins in total,
while the global population is roughly 7,000,000,000 (7 billion).
If bitcoin gets shared equally in one seventh of the total population 1,000,000,000(1 billion),
it means that each human will get 21,000,000 / 1,000,000,000 = 0.021 btc.
If you own one btc, you will have 1/0.021=47.61 times more than the average.
Please note that my estimation is conservative, as I used only one billion people adoption.
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JayJuanGee
Legendary
 Online
Activity: 3724
Merit: 10307
Self-Custody is a right. Say no to"Non-custodial"
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September 09, 2014, 07:46:58 AM |
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Just think; there will only be 21,000,000 (21 million) bitcoins in total,
while the global population is roughly 7,000,000,000 (7 billion).
If bitcoin gets shared equally in one seventh of the total population 1,000,000,000(1 billion),
it means that each human will get 21,000,000 / 1,000,000,000 = 0.021 btc.
If you own one btc, you will have 1/0.021=47.61 times more than the average.
Please note that my estimation is conservative, as I used only one billion people adoption.
Even though you suggest that you are being conservative by only projecting a 1/7 adoption rate - however, your estimate remains too speculate and too pie in the sky if you cannot put it in some kind of timeline.. 1 year, 10 years 20 years , 50 years, 100years...? Actually if the time line is 50 years to 100years, I am 99% positive that I will be dead by then.... and probably a lot of other persons participating in this thread will be dead also (or at least NOT in the best of shape to enjoy considerable wealth). In that regard, I believe a 1 Year to a less than 50 year projection would be more practical than describing NO timeline at all. |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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TheChosenOne
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Activity: 14
Merit: 0
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September 09, 2014, 09:24:33 AM |
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1 year, 10 years 20 years , 50 years, 100years...? Bitcoin adoption will be much faster than 50 years. It will be more like 10-20 years. |
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heypson
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September 09, 2014, 09:34:39 AM |
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If you but 1 whole bitcoin now you will be rich in twenty years from now just by holding it.
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JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10307
Self-Custody is a right. Say no to"Non-custodial"
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September 09, 2014, 09:37:09 AM |
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1 year, 10 years 20 years , 50 years, 100years...? Bitcoin adoption will be much faster than 50 years. It will be more like 10-20 years. OK>.. so is that what tsoPANos is saying regarding his prediction? In about 15 years 1/7 of the world's population will adopt bitcoin in some kind of manner? |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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asdlolciterquit
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September 09, 2014, 10:38:20 AM |
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If you but 1 whole bitcoin now you will be rich in twenty years from now just by holding it.
this is the problem. 20 years is a very long period. |
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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September 09, 2014, 11:09:40 AM |
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If you but 1 whole bitcoin now you will be rich in twenty years from now just by holding it.
this is the problem. 20 years is a very long period. It for sure is longer then 10 years, but not as long as 40 years. |
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techyep
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September 09, 2014, 11:58:36 AM |
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1 year, 10 years 20 years , 50 years, 100years...? Bitcoin adoption will be much faster than 50 years. It will be more like 10-20 years. OK>.. so is that what tsoPANos is saying regarding his prediction? In about 15 years 1/7 of the world's population will adopt bitcoin in some kind of manner? It can be a realistic prediction, probably in some years most of the people will know about bitcoins. |
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SquallLeonhart
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"CoinPoker.com"
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September 09, 2014, 01:49:54 PM |
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1 bitcoin is good enough to keep for many many years, just keep it at cold storage..
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Itsumo
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Play Rock Paper Scissor Lizard Spock
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September 10, 2014, 12:30:39 PM |
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Maybe hold half of it and then invest half of it.
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Bobblehead Pete
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September 10, 2014, 12:30:56 PM |
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Decent yes but good no.. Do not invest all you got.
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BigGameCAsino
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Activity: 112
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Want A Personal Coin? PM ME!
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September 10, 2014, 12:31:11 PM |
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I think it is, but you should only invest what you can afford to lose.
Right.. You can either lose or get some in your investment but do not lose everything. Bitcoin has a great concept. Losing investment will make you hate it. |
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Poorri
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September 10, 2014, 12:44:01 PM |
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1 year, 10 years 20 years , 50 years, 100years...? Bitcoin adoption will be much faster than 50 years. It will be more like 10-20 years. OK>.. so is that what tsoPANos is saying regarding his prediction? In about 15 years 1/7 of the world's population will adopt bitcoin in some kind of manner? Well, who the fuck would have predicted computers would get spread SO FAST, same with internet, same with phones... technical disruptions happen insanely fast. |
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btchaste
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September 10, 2014, 03:03:47 PM |
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1 year, 10 years 20 years , 50 years, 100years...? Bitcoin adoption will be much faster than 50 years. It will be more like 10-20 years. OK>.. so is that what tsoPANos is saying regarding his prediction? In about 15 years 1/7 of the world's population will adopt bitcoin in some kind of manner? Well, who the fuck would have predicted computers would get spread SO FAST, same with internet, same with phones... technical disruptions happen insanely fast. We are in the low part of the S curve, in few months things will start to go faster than ever. |
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B1tc01n5
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September 10, 2014, 04:10:18 PM |
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I can not see a better investment than that, if you do tell me.
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cuddaloreappu (OP)
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September 15, 2014, 12:36:54 PM |
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If you but 1 whole bitcoin now you will be rich in twenty years from now just by holding it.
in that case i think it is better to invest in antiques. |
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wezphoto
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September 15, 2014, 01:09:53 PM |
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When the ETF will be approved, 1 bitcoin will be valued more than 10,000$ in my opinion.
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misterpressman
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September 16, 2014, 08:25:28 AM |
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You do not think of the amount you invest, just make sure that the place you invest it in is a good place to start your investment.
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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September 16, 2014, 11:12:15 AM |
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When the ETF will be approved, 1 bitcoin will be valued more than 10,000$ in my opinion.
If it will happen this year i doubt will ready that number. |
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CoinRocka
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September 16, 2014, 11:39:57 AM |
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College bowl game, the word bitcoin will be discussed in roughly 50 million households.  |
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