Quote from: Zadicar on September 09, 2016, 09:28:07 AM

Quote from: InsideBjorn on September 09, 2016, 08:54:36 AM

Quote from: zimmah on September 08, 2016, 10:09:32 PM

Quote from: pereira4 on June 28, 2016, 03:15:48 PM

Considering that only 21 million people can own 21 BTC, those holding 21 BTC WILL have to be rich.

Only 1 million people can hold 21 BTC.

In practice even less, because there's plenty of lost coins, and it takes quite a while before 21 million coins are mined, and most importantly, there will be a few super-rich who have far more then 21 bitcoin.

So in practice, only a few 1000 people will have more than 20 bitcoin. Like maybe 100,000 persons or so.

And yes, those will be extremely rich.

I don't even think we will need to wait until 2035 for bitcoin to reach these kind of values either. But in 2035 it's pretty much a guarantee that bitcoin will be worth $100,000+ and probably a million or maybe even several millions.

I think you are partly right but its still the question if the bitcoin will reach this year to be honest I really doubt about this, I think something will replace the bitcoin soon or later.
I'm hoping we can become rich with the bitcoin and its pretty sick that its going over 100k but I hope it will happen!

We cannot guarantee on that chart that it may possibly happen. 2035 is a long way to go and we dont really know what would happen in those years but still the idea is somewhat have a point but some people do hold more than 21 btc even thousands. $100k price of bitcoin is too high in our speculation but we hope for that price .

you really don't understand the point I was trying to make.

Just because 1 person holds 10,000 bitcoin doesn't mean bitcoin can't go to $100,000

In fact, it only helps.

Because bitcoin is scarce, and when 1 person holds 10,000 bitcoin, that means 476 other persons can no longer hold 21 bitcoin anymore.

The more people hold on to large amounts of bitcoin, the fewer bitcoins will be available to the rest, so the more expensive they will be.

Your logic that "someone will become a billionaire if bitcoin becomes worth $100,000, so bitcoin can't be worth that much" is completely flawed.

Otherwise you also could have said: "Facebook won't be popular, because otherwise Mark Zuckerburg would become a billionaire."

You can't say something won't happen because someone would get rich from it, that's completely unrelated.

Quote from: iqlimasyadiqa on September 10, 2016, 03:45:57 PM

I do not believe . it is very large number at all. I like dreaming when I saw this news. hopefully I quickly woke up. Grin

just because it's a large number in your head doesn't mean it's not mathematically sound.

I swear, we need to stop counting in bitcoin and start counting in smaller units, because if you just look at this forum you can easily see people have a very very distorted concept of reality.

As soon as they see big numbers they just don't compute anymore and think bitcoin is in a bubble and that it can't last.

USE FUCKING MATH, DON'T USE YOUR INTUITION BECAUSE YOUR INTUITION IS WRONG. WHAT ARE YOU A WOMAN?

Quote from: OmegaStarScream on September 09, 2016, 12:09:08 PM

I'm starting to think that halving doesn't do anything to the Bitcoin price even If the supply gets halved (previous July block halving reward is an example).
and you are wrong , It's more like 1 BTC for each person (21 million perso) but that's wrong as well If we take in consideration that there were tons of lost coins out there + 1 million coin that got mined by Satoshi.

it does have an effect, the effect is just not immediate.

it took almost a year for the full effect of the last halving to kick in.

and then there's other factors too.