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Author Topic: Why I believe bitcoin will never reach 1 million per coin  (Read 3936 times)
cuddaloreappu (OP)
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February 15, 2015, 10:30:41 AM
 #1

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000

Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

But how can somebody become that rich?
newIndia
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February 15, 2015, 10:42:46 AM
 #2

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000


Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

But how can somebody become that rich?

What are your source of data for the bold parts ?

cuddaloreappu (OP)
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February 15, 2015, 10:50:59 AM
 #3

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000


Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

But how can somebody become that rich?

What are your source of data for the bold parts ?

http://www.reddit.com/r/Buttcoin/comments/2vfl24/roger_ver_has_the_ability_to_send_bitcoin_into/

winkies themselves declared they own 1%
chaolang
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February 15, 2015, 10:52:18 AM
 #4

That is the point we may be at though, it is possible these people could own this much for being on the fore front of a major piece of technology.
redsn0w
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February 15, 2015, 10:54:12 AM
 #5

Maybe they will not convert them for FIAT, they can able also to spend their bitcoins directly.
nextblast
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February 15, 2015, 10:55:06 AM
 #6

New Oxfam report says half of global wealth held by the 1%
http://www.theguardian.com/business/2015/jan/19/global-wealth-oxfam-inequality-davos-economic-summit-switzerland
Honeybooboo
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February 15, 2015, 11:00:33 AM
 #7

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000

Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

Lol. Who said bitcoin will ever go to this price? Bitcoin will lucky to become 10k, but if it does it will make a lot of people very rich.

But how can somebody become that rich?

Maybe it's time for us to be the new wealthy elite?  Grin
monsanto
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February 15, 2015, 11:05:01 AM
 #8

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000

Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

But how can somebody become that rich?

deepestfear
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February 15, 2015, 11:44:01 AM
 #9

Feeling that nobody can be that rich seems an illogical basis for rejecting the $1mn possibility
What is your rational basis for rejection?

ikydesu
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February 15, 2015, 11:47:42 AM
 #10

Quote
BTC980,000*. Satoshi Nakamoto

BTC400,000*. HD Moore (AHA)

BTC400,000*. Dustin D. Trammell (AHA)

BTC400,000*. Tod Beardsley (AHA)

BTC350,000*. "Dread Pirate Roberts" a.k.a. "DPR"

BTC300,000. Roger Ver

BTC300,000*. "knightmb"

BTC200,000. Mark Karpeles

BTC174,000*. FBI (Federal Bureau of Investigation, USA)

SN is the richest! Cheesy

Quote
But how can somebody become that rich?

They do hard work!
the easy ways is be scamer, but your life is like in the hell Grin
monsanto
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February 15, 2015, 12:16:57 PM
 #11

Quote
BTC980,000*. Satoshi Nakamoto

BTC400,000*. HD Moore (AHA)

BTC400,000*. Dustin D. Trammell (AHA)

BTC400,000*. Tod Beardsley (AHA)

BTC350,000*. "Dread Pirate Roberts" a.k.a. "DPR"

BTC300,000. Roger Ver

BTC300,000*. "knightmb"

BTC200,000. Mark Karpeles

BTC174,000*. FBI (Federal Bureau of Investigation, USA)

SN is the richest! Cheesy

Quote
But how can somebody become that rich?

They do hard work!
the easy ways is be scamer, but your life is like in the hell Grin

ajareselde
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Satoshi is rolling in his grave. #bitcoin


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February 15, 2015, 12:41:01 PM
 #12

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000

Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

But how can somebody become that rich?

Them having that wealth or if its spread out to 1000 people, whats the difference ?
I bet they are better at holding than most others, and 1 mil. per coin ? why would we expect such high value, i doubt we will ever see that.
LewiesMan
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February 15, 2015, 12:45:51 PM
 #13

Feeling that nobody can be that rich seems an illogical basis for rejecting the $1mn possibility
What is your rational basis for rejection?

How many trillion USD would the marketcap need so we get to 1mn a coin? There is your answer. 10k-50k is more probably.

Stability at 10k hopefully.
KimNam
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February 15, 2015, 12:55:50 PM
 #14

maybe there's a chance, very small chance i think
if fiat money fail and not worth because hyper-inflation, maybe BTC price will become 1 million / BTC Cheesy
and at the same time one box meals worth 5 millions Sad
LewiesMan
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February 15, 2015, 12:56:51 PM
 #15

maybe there's a chance, very small chance i think
if fiat money fail and not worth because hyper-inflation, maybe BTC price will become 1 million / BTC Cheesy
and at the same time one box meals worth 5 millions Sad

If that happens BTC/FIAT wont exist. It will be BTC/Goods.
inca
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February 15, 2015, 12:57:08 PM
 #16

winklevoss own 100,000..

Bitcoin jesus Roger ver owns 400,000

Which means these guys will have wealth like 100 billion and 400 billion

this is not at all practical..seems extremely unlikely

But how can somebody become that rich?

Price rises lead to coin distribution. There will be noone worth 100 billion from bitcoin (SN excepted), they will have diversified long before we reach those dizzy heights.
WhalingWhales
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February 15, 2015, 12:59:51 PM
 #17

People hardly want to buy bitcoin for $200-$300 who on earth is going to buy them at $1 million!!

If anyone believes it can go to a million then you seriously need to get go that brain of yours tested stop giving bitcoin a bad name threw that dreamy wanna be rich crap lolol  Grin Cheesy Grin
KimNam
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February 15, 2015, 01:00:12 PM
 #18

maybe there's a chance, very small chance i think
if fiat money fail and not worth because hyper-inflation, maybe BTC price will become 1 million / BTC Cheesy
and at the same time one box meals worth 5 millions Sad

If that happens BTC/FIAT wont exist. It will be BTC/Goods.
maybe BTC/Goods more suit Cheesy
but how to trade goods for bitcoin in online trading Huh
Morecoin Freeman
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February 15, 2015, 01:04:20 PM
 #19

As for now I believe bitcoin will prove to be successful in the future but 1 bitcoin will never again be worth more than $1,000.-

Ask the stranger he knows who you really are.
LewiesMan
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February 15, 2015, 01:08:08 PM
 #20

As for now I believe bitcoin will prove to be successful in the future but 1 bitcoin will never again be worth more than $1,000.-

Easily done.
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