Post
Topic
Board Economics
Re: I will increase my %-possesion of the bitcoin ledger every day
by
snappa4ever
on 08/09/2014, 02:44:29 UTC
I will invest 10$ per day to buy more bitcoins. Thus in the long term i increase my percentage of the network.

With 25 btc per block the network has a daily 0.0272% inflation.

If you invest more than 14 cent per day at the current price for every bitcoin you own, you increase your percentage compared to the whole network.

Soon i will become a whale.  Cool

(Just had some fun playing with numbers)

What is your definition of whale?

If you consider 1000 btc being a whale, that will take you more than 100 years to become one if you only invest 10 per day.
Even the most liberal definitions of being a whale would take the OP a very long time to become a whale at $10 per day. Even if the price was still $10 per bitcoin it would take years.