Why I believe bitcoin will never reach 1 million per coin

[BillyBobZorton]

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?

No one would have imagined Bill Gates could become that rich.

Getting rich is about being a pioneer and having luck. It's perfectly possible that their wealth is 400 billion. Fiat equivalence means shit nothing anyway.

[nwfella]

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?

Let's not forget about ole fatty fat head Karpeles: 840,000 BTC  :-/

[okthen]

If bitcoin becomes the norm, it's only normal that some people will get filthy rich beyond imagination just for luck of having invested big at the right moment.
Imagine finding a gold mine in your garden during the gold rush.

It also depends on luck yes, but these days analyst also have a lot to do with these things. People pay a lot of money for analysts to tell them whether to invest or not to. Sometimes it pays back.

And especially with Bitcoin, you had to have a vision back in the day when it was cheap. If you saw the potential and you had capital, you could make money. Unfortunately if you saw the potential, but didn't have capital to invest you lost your chance of becoming rich.

I still think now - like, RIGHT now - it takes having vision (and a bit of faith) to invest big time, and you could easily multiply your fortune per 10 in some years.
What I mean is, for those who have the capital it doesn't really matter if it's now or in 2010. For us small folk, it absolutely does.

[HarmonLi]

Yeah but they can't liquidate that many coins all at once, of course. The market depth wouldn't be enough for that. I think if those people really still hold their coins and decide to sell some of them, they'll just be creating a constant selling pressure of a yet-to-be-determined magnitude. But it doesn't mean that they're worth $800B