* the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.
To corner your share of the world's bitcoins, I suggest a simple top-down approach: Decide, Buy, Wait, Profit -model.
(A more complicated bottom-up approach is the topic of this thread.)
- Decide, which of the levels above suits your preferred lifestyle.
- Buy 10 times the number of bitcoins necessary (to allow for divestment, spend, gifts, loss, theft, tax etc.)
- Wait.
- Profit.
For example if you are currently "upper middle class", and want to gain a level, you need minimum 50mBTC. By buying half a bitcoin for about $500, you are neither in any danger of losing out on Bitcoin's appreciation, nor suffer disproportionately if Bitcoin fails.
So, in effect, you are advocating everyone to sell everything they own above 50,000 mBTC
