Post
Topic
Board Bitcoin Discussion
Re: You want to be a millionaire? if you own 0.01 btc you already are
by
Mr.Smithers
on 05/12/2017, 07:08:31 UTC
The title says it all get 0.01 btc and you are on ur way to becoming a millionaire, you already are one if you do not know the true value of bitcoins, cough cough Satoshis.  Forget about owning a full bitcoin, you want to earn satoshis, which we call the units of 0 and 1 or Mbits milibitcoins.  Soon a few years from now 1 satoshi will be the equivalent of 1 USD or Euro if money is still around. You know yes most of you missed the billion dollar train but still you have time to have a million dollars worth of satoshis.  so if you do the math owning 0.10,000,000 = 10 million USD  so if you own 0.01 that makes it 1 million dollars.  

You are wondering why I am saying bitcoin is worth 100 million dollars right?  We have a long way to go.  Cough cough, Many factors that contribute the value of 1 bitcoin being worth 100 million dollars.  Well Bitcoin is not just a local or gov owned store of value, its competing with Fiat currency all over the world, from USD, to the YEN.  There are many factors I can shoot out but one major one is that Bitcoin is becoming mainstreamed and the fact there is probably going to be 16 million bitcoins in circulation, why I said 16 mil?  because they are probably around 5 million bitcoins lost.  If you want to add to this topic any more factors that reason why you are already sitting on a million dollars, please be free to do so.
  




Actually, it doesn't make sense for 1 satoshi to be valued at 1 USD. Maybe when the dollar is even more priceless than it is today, it will be the case, but as long as it makes sense for the price of any item to be valued in cents, it will make sense for 1 satoshi to be at most 1 cent. So I would look for 1 BTC to be 1 mln USD in the long run, but I am very sceptical that it can achieve 100 mln USD