Post
Topic
Board Bitcoin Discussion
Re: Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe
by
HabBear
on 11/07/2017, 18:25:00 UTC
Just keep on stacking BTC and in the long term history will be on our side and we will be rich.
Yes but sadly we will never be able to stack up to 20,000 even 20 BTC is a dream for me. But who knows maybe in a few decades 1 BTC will be worth as much as 20,000 BTC is worth today. 

I love your optimism.

Let's do the math on that. 1 bitcoin is worth ~$2375 today. 20,000 Bitcoin is worth ~47.5 million. As much as the finite supply plays into the price growth opportunity (particularly when demand is very much still in the early stages), there's no way 1 bitcoin will be worth $47 million.

That's so far past the moon, it's just not going to happen. I don't believe there are enough people in the world to generate the demand required to send the price to that level.

I do love your optimism though.