Post
Topic
Board Speculation
Re: 10 BTC. Will I be a millionaire by 2030?
by
LMGTFY
on 08/12/2015, 09:06:55 UTC
Keep on dreaming bud,
There is no chance in hell Bitcoin's value will increase 10,000x

14 years is quite a long time. Bitcoin has made 10000x value increase in the past 6 years, so it is not completely unrealistic.

Besides, 10 btc at 1 million is not a 10,000x increase, but 'only' 2,500x at current price.

i must have missed the 10000x value increase in the past 6 years of bitcoin, because i don't remember any, if we consider the beginning until the 1200 ath, that's onyl 1200x increase

At the beginning the price wasn't $1 - price didn't reach $1 until early 2011.

At that point I had 0.5 BTC I'd got from Gavin's faucet, and another 50 BTC I'd mined (with my CPU!). I'd almost forgotten about Bitcoin ("BitCoin"!) until I read the Slashdot article, because a few months earlier I'd looked into how much money I could sell my BTC for, and I gave up when I discovered I'd only make a few dollars, and then I'd still have to convert that into GBP.

And think back to the famous pizza purchase - 1 BTC was priced at much less than  1 USD then.