Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Will Satoshi Nakamoto be world's first trillionaire ?
by
BitCoinDream
on 26/07/2014, 20:14:22 UTC
Quote from: Inotanewbie on July 26, 2014, 08:09:17 PM
Quote from: BitCoinDream on July 26, 2014, 08:05:42 PM
Quote from: franky1 on July 26, 2014, 06:52:21 PM
firstly satoshi does not own 1mill coins. sorry but just no..

between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths

secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..

so i dont think so..

i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives



I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


I don't think it is realistic for bitcoin to have a 1000% return every year for this long. 

If u look upto 2014, i.e. 2/3rd of the total period under consideration, the figures are almost true. Rather 2014 target of 1000 usd has already been achieved in 2013 and it'll most likely repeat in 2014.