Quote from: milewilda on September 11, 2016, 03:19:23 AM

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

Same here, i really dont believe it at first when i saw the chart. lol. We are already talking millions of dollars here which is actually a dream. Even bitcoin would be very successful on upcoming years but still its not possible to reach that huge price point. Even those who hold 1btc would be millionaires.

this logic is just stupid.

"oh bitcoin can't be worth a million because too many people would become millionaires just by holding 1 bitcoin"

there's no mathematical reason why they can't be millionaires for holding 1 bitcoin.

People have become millionaires for less. (like winning the lottery, or inheriting it, or from youtube videos).

Saying bitcoin can't be worth a lot because some people might get millionaires is like saying a youtube video can't get a billion views because otherwise the uploader would become a millionaire for just 1 stupid video.

Stop limiting your brain by what you think is not possible, because what you think is not possible is still possible. And your logic wll become horribly flawed if you draw biased conclusion based on your feeling.

look at the FACTS not at your feelings.

And for your info, there's many many millionaires in the world, so even if everyone who holds 1 bitcoin becomes a millionaire, that really wouldn't create a lot more millionaires compared to the amount of millionaires there are on the world already. It wouldn't even double.

Quote from: talks_cheep on September 11, 2016, 12:57:29 PM

Anything's possible, you developing a second butt hole is possible. Just because something's possible doesn't mean it will be. Bitcoin's price to rise to $1 million in 2035 is a possiblility, but it won't be, simply because too many idiots are expecting it to happen. For it to reach $1 million, the market cap has to be trillions of dollars. It's possible but the possibility is so low as to be impossible.

and why is that not possible?

if you add the market cap of google and apple you'd have a trillion dollar market cap.

that's only 2 companies. With a trillion dollars between them.

Don't tell me bitcoin isn't worth more than 2 companies.

Quote from: Biodom on September 11, 2016, 07:25:08 PM

people generally underestimate exponential functions.

EDIT: I have one interesting example of the exponential function...you are in a spaceship that just left Earth orbit. You give an order to start accelerating the ship at just 1g (earth gravity) to make everyone on board comfortable. You have fuel supply (advanced type) that can last for many many years. How long would it take for your ship to reach speed close to the speed of light (c)?
Hint...the answer is quite astonishing if you run the numbers.

I believe it's about 0.97 years under Newtonian physics.

Obviously in real life other factors would prevent you from going that fast so easily.

But yeah, good point