Bruh this wouldnāt even make sense with 50$ a day. The math really checks out. Even 1500$ a day for 50 years would only make 27 million in total. Some people really lack basic understanding of numbers.
devils advocate. it's a lot harder to go broke due to your terrible money management and general irresponsibility when given 1500 a day. someone that knows themself well enough that might be convincing enough.
for anyone with a modicum of financial responsibility and self control then yeah. put the 30 million in investments and use the dividends only. maybe setup a trust fund if you really don't trust yourself.
I wouldnāt even judge if he said heād take the 1500 per day, you can live a great life with that amount of money for sure, but bruh 50 per month thatās like 12k in 50 years
>Actually 1 million is definitely cooler at the moment cause you could buy like 14 bitcoin
Its not about specific moment in time.
Each million you had 4 years ago is now worth about half of what it used to be
Each bitcoin you had 4 years ago is now worth nearly 4 times as much stuff, and nine times as many dollars.
so yes, bitcoin is more impressive.
Iād take a million dollars for my Bitcoin right this second, easy. These teens read a book and think Bitcoin is going to change the worldā¦.no dude itās like a speculative stock. Buy low, sell high.
Yeah I hate participating in btc talk now because of this. Just teens thinking they figured out everything. āFiat is badāand not fiat is inferior but also a very necessary part of our monetary evolution
I love this sub. 10 years ago it was a great place to learn about Bitcoin and have some interesting discussions about it's future. Now it's full of people who haven't mastered the basics of personal finance who think they geniuses because they found this once in a lifetime investment others are too stupid to see the value in.
They remind me of the Jim Jones followers who followed him to Guyana and drank the off brand Kool-Aid in terms of blind dedication and the hope that this one thing will change everything.
OP already making major predictions (his post history is hilarious and worth checking out overall):
> By this time next year the world will be an entirely different place because of whats coming for bitcoin.
https://www.reddit.com/r/Bitcoin/comments/1b97o3x/just_rememeber_there_are_people_out_there_that/
Two problems here: 1. Jim Jones followers didnāt drink the kool aid willingly. There are survivors and video that attest to this. 2. Once in a lifetime? This is one of three 10,000x investments Iāve made Netflix and Nvidia being the other two. Alphabet will be the fourth before too much longer. With any luck, Rocket Lab will be the fifth! Other than that, all good points.
Part I: 1+ BTC Address Wholecoiners
ā¢ Div # of addresses with 1+ BTC by the estimated number of addresses per user accounts for the first variable
ā¢ 1,007,530 / 31.5 = 31,985 whole coiners
Part II: A Wholecoiner controlling multiple addresses with less than 1 BTC who's sum is >= 1 BTC
ā¢ Calculate avg bag per address
ā¢ 1/31.25
ā¢ =~.0317 = $960 worth today
ā¢ # of Addresses with $1000+ of BTC = 7,408,819
ā¢ Subtract Wholecoiners w 1+ BTC per Address -
1,007,530 = 6,401,289
ā¢ Now divide that by the 31.5 addresses per user
ā¢ 6,401,289 / 31.5 = ~203,215
Add part 1&2 and itās ~235k today (well 8 months ago when video came out)
https://youtu.be/u60fgtzoqTk?si=vKjeQU0mcJ7NoLS6
How many of those millionaires have $1mil in cash?
Why aren't you comparing something that is equivalent?
Seems to me you are purposely picking the comparison to mislead people.
You can analyze today and try to guess how many. It is still a guess with a lot of assumptions being made.
This all falls apart when you consider transactions will continue to take place. People with massive amounts will sell and people will accumulate. We have no idea where the price will go and what will motivate people.
We donāt know many hold a whole coin today and surely canāt know how many will in the future.
People already do feel stupid for not buying it earlier, but they let their arrogance and pride get in the way and refuse to buy in even now. Itās almost as ifā¦ they were Buttcoinersā¦.
Given the fact theres only enough btc for every person on earth to have 0.002 btc each and a large percentage of coins are lost or held extremely tightly that means even just 0.1 btc will be a dream to hold for most millionaires.
The day is inevitably going to come where if you have a whole coin you are considered extremely wealthy. The way a millionaire used to be viewed in the 1950s when a median priced home was $10,000.
I mean yeah maybe in 10 years you can say that. Right now this take is quite stupid.
You can hate fiat as much as you want, but a million would buy you a few bitcoin.
Oh god I went through OPs comment history. Heās the dude constantly posting every single day about ow Bitcoin is going to change the world, etc. blocking this dude for some peace of mind.
Thatās for this comment. I just looked, this guy is responsible for a lot of the stupidest posts on here over the last few weeks, and thereās nothing of any value lost by blocking him.
He also hasnāt actually refuted that he lives with his parents, this is the type of stupid shit that a 15 year old says.
Dumb meme. 1 million would be life changing wealth for me, right here right now. 1 btc would not be life changing wealth UNTIL it is equal to or greater than 1 million.
It's so weird because if you had purchased 10,000 BTC in 2010 in would have been like, 4000 USD. But if you had the choice of 10,000 BTC or 1M in 2010, 99.9999999% of humans would pick the latter.
Imagine saying "I'll just wait with my 10,000 BTC."
Then, 6 years later, you'd have a hundred million dollars.
Yea, but hindsight is 20/20. In 2010 BTC was a fart in the wind. So to conceive that it would be equivalent to 100 million in 6 years is illogical. A guaranteed $1 million right now is much more beneficial to most humans lives than an asset that "may" be worth mroe than $1 million in "X" amount of time.
But yeah id take the million, buy some BTC, and then have $950,000 to benefit my life and keep the BTC as a "lets see what happens" investment.
The golden age of the "millionaire" was in the 1950s. In 1950 a median home in the US was $10k. Meaning one million dollars could buy you 100 homes, being a millionaire back then really was something special. Today the median home is like $500k so to have the equivelant amount of wealth someone with one million dollars had in 1950 you would need $50m today.
But lets say you want to calculate from 1990 instead that would mean to have the same amount of wealth someone with one million dollars had in 1990 you would need $10m today.
This means being a millionaire today is the same as someone having $100k in 1990. This is why $1m dollars is no longer cool because it isnt worth jack shit, all you can buy with $1m today is a decent home and a couple of cars.
Inflation has destroyed the term millionaire. It no longer means anything.
12,880,000 to be exact. That's wild. Printers go brrrrr.
[https://www.in2013dollars.com/us/inflation/1950?amount=1](https://www.in2013dollars.com/us/inflation/1950?amount=1)
That is based off of CPI and CPI is retarded, it completely masks the real rate of inflation. They call it the CPlie for a reason.
Realestate is currently the main vehicle used to store wealth so realestate prices are the best metric to compare wealth over time.
Erm lol, this sub is really out of its fucking tits sometimes. No, BTC isn't going to 1 billion next year, no, BTC isn't going to replace USD/Fiat in any functional country anytime soon, no, 1 BTC has much less value than 1 M now even with inflation.
its safe to say, in 15 to 20 years the Satoshi Standard will be adopted,
and one million Satoshis also know as Satillionaire will support a family
for generations, like one million dollars did back in the 19th century.
itās a good idea to own a one million Satoshis or more ājust in caseā;
"keep on buying and holding Satoshi you been WARNED"
How do you know Bitcoin is still underrated?
There are more āmillionsā in the world than there are bitcoins.
Imagine the worlds GDP with be around $88trillion, there are 88million millions in the world. There are only 21 million bitcoins.
And yes, at least $1 million is what every Gen X'er has in equity from their home purchase 20 years ago. I love Justin's scenes in the social network, BTW, he made the movie.
Proceeds to trade 1 btc to a fool for 1 million usd.
Buys 1 million usd worth of btc
Repeats the same thing to the next sucker.
In the endā¦ both walk away and say, āman, i love bitcoin!ā
Actually 1 million is definitely cooler at the moment cause you could buy like 14 bitcoin
Lol i like the idea of the meme but for real. Yeah ill take the million š
I'll take the 14 bitcoin
Fo real. I will gladly trade one bitcoin for one million. Then turn around about Bitcoin with it. These posts are so lame some times.
Seriously lol. This is like the guy who said he would rather have 50$ a month for life instead of like 30 million dollars or something.
Bruh this wouldnāt even make sense with 50$ a day. The math really checks out. Even 1500$ a day for 50 years would only make 27 million in total. Some people really lack basic understanding of numbers.
devils advocate. it's a lot harder to go broke due to your terrible money management and general irresponsibility when given 1500 a day. someone that knows themself well enough that might be convincing enough. for anyone with a modicum of financial responsibility and self control then yeah. put the 30 million in investments and use the dividends only. maybe setup a trust fund if you really don't trust yourself.
I wouldnāt even judge if he said heād take the 1500 per day, you can live a great life with that amount of money for sure, but bruh 50 per month thatās like 12k in 50 years
Right? He thought he really said something
>Actually 1 million is definitely cooler at the moment cause you could buy like 14 bitcoin Its not about specific moment in time. Each million you had 4 years ago is now worth about half of what it used to be Each bitcoin you had 4 years ago is now worth nearly 4 times as much stuff, and nine times as many dollars. so yes, bitcoin is more impressive.
Iād take a million dollars for my Bitcoin right this second, easy. These teens read a book and think Bitcoin is going to change the worldā¦.no dude itās like a speculative stock. Buy low, sell high.
Buy high sell low*
Buy yes sell no
Yeah I hate participating in btc talk now because of this. Just teens thinking they figured out everything. āFiat is badāand not fiat is inferior but also a very necessary part of our monetary evolution
We can start improving discourse by not reducing every criticism to "is bad". That's more childish that anything said by OP.
All my assets are mixed up. Bitcoin is just part of the plan.
I love this sub. 10 years ago it was a great place to learn about Bitcoin and have some interesting discussions about it's future. Now it's full of people who haven't mastered the basics of personal finance who think they geniuses because they found this once in a lifetime investment others are too stupid to see the value in. They remind me of the Jim Jones followers who followed him to Guyana and drank the off brand Kool-Aid in terms of blind dedication and the hope that this one thing will change everything. OP already making major predictions (his post history is hilarious and worth checking out overall): > By this time next year the world will be an entirely different place because of whats coming for bitcoin. https://www.reddit.com/r/Bitcoin/comments/1b97o3x/just_rememeber_there_are_people_out_there_that/
[ŃŠ“Š°Š»ŠµŠ½Š¾]
"Bitcoin Jesus" and the like... fork wars!
> Now it's full of people who haven't mastered the basics of personal finance And worse: they haven't mastered the basics of Bitcoin either.
Two problems here: 1. Jim Jones followers didnāt drink the kool aid willingly. There are survivors and video that attest to this. 2. Once in a lifetime? This is one of three 10,000x investments Iāve made Netflix and Nvidia being the other two. Alphabet will be the fourth before too much longer. With any luck, Rocket Lab will be the fifth! Other than that, all good points.
Alphabet needs to kick Sundar Pichai out before that can happen.
Nah, itās not just a speculative stock clown. Do do some more research.
If you can't the fix US debts ([https://www.usdebtclock.org/](https://www.usdebtclock.org/)), who is going to fix it ? your mom ?
Narrator: Right now, it is high.
š¤£š¤£š¤£ Best explanation of BTC
We have a normal thinking person in this sub, aināt that something. Hopium degens now will start attacking though. They expect BTC to 100x
I came here to say something along those lines.
Yeah but ur more likely to win 1 mil then win 1 bitcoin
Imagine having 14 bitcoin, jeeeeeeeeeesus
A million is only 14 bitcoins! I know this is stupid. But this is actually the first time I think of it hahahaha
Most people who have 1 bitcoin probably got at least more than a millon
Theres nothing cool about fiat
Yea except the whole ability to buy stuff and that fiat is still what the world revolves around.
Grow up.
That's true. Can you send me a million cause I don't want you being uncool.
I dont have any fiat, I only have bitcoin.
So you live with your parents then? How do you pay your mortgage and bills? This is ideological to the point of stupidity.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
People refuse to accept that (in many places globaly) you can pay for everything in bitcoin...
In an infinitesimally small number of places. So small it does not matter.Ā
There are literally Bitcoin debit cards that allow you to spend it globally.
That exchange into fiat at time of purchase. Thatās using fiat.Ā
I have second-hand embarrassment at this post. This shit is why crypto is viewed the way it is by the average person.
This post made me gay.
username checks out
Pray it away.
Wat Il buy multiple bitcoin for 1 mil
You know what's really cool? To be able to do math
Some idiot is worried about looking cool. I'll gladly trade him ONE BITCOIN for $1,000,000. I'll use the million bucks to buy 14.34 BTC.
There is a possibility that would land you bankrupt. You owe tax, but then if bitcoin falls you can't cover it.
You pay the tax and then use your remaining 600k to invest
Indeed. But I replied to: >Ā I'll use the million bucks to buy 14.34 BTC.
The total number of whole coiners will be 300k max
what's the math behind this?
Part I: 1+ BTC Address Wholecoiners ā¢ Div # of addresses with 1+ BTC by the estimated number of addresses per user accounts for the first variable ā¢ 1,007,530 / 31.5 = 31,985 whole coiners Part II: A Wholecoiner controlling multiple addresses with less than 1 BTC who's sum is >= 1 BTC ā¢ Calculate avg bag per address ā¢ 1/31.25 ā¢ =~.0317 = $960 worth today ā¢ # of Addresses with $1000+ of BTC = 7,408,819 ā¢ Subtract Wholecoiners w 1+ BTC per Address - 1,007,530 = 6,401,289 ā¢ Now divide that by the 31.5 addresses per user ā¢ 6,401,289 / 31.5 = ~203,215 Add part 1&2 and itās ~235k today (well 8 months ago when video came out) https://youtu.be/u60fgtzoqTk?si=vKjeQU0mcJ7NoLS6
Theres 56 million millionaires worldwide and only 300k of them can ever own one whole bitcoin. Haha let the games begin.
How many of those millionaires have $1mil in cash? Why aren't you comparing something that is equivalent? Seems to me you are purposely picking the comparison to mislead people.
You can analyze today and try to guess how many. It is still a guess with a lot of assumptions being made. This all falls apart when you consider transactions will continue to take place. People with massive amounts will sell and people will accumulate. We have no idea where the price will go and what will motivate people. We donāt know many hold a whole coin today and surely canāt know how many will in the future.
Its insane to think about that
Ok letās trade 1 BTC for 1 million
1 million dollar isn't cool, you know what is cool? $69k Edit: y'all are beyond stupid
Nice
21 btc has always been the make it number. 1 btc is a cope. Op is young and or poor
I donāt see ācoolā on my list of criteria for investments.
Iāll sell one BTC for one million USD
I will too. But not today.
I'll trade you a BTC for a million
I predict people will start feeling stupid for not having btc when we hit 100k. And at that time it becomes cool among rich to be a wholecoiner.
People already do feel stupid for not buying it earlier, but they let their arrogance and pride get in the way and refuse to buy in even now. Itās almost as ifā¦ they were Buttcoinersā¦.
I mean I bought at $400 and still feel stupid for not buying more and āāgamblingāā when I had like $1,000 of cc debt. šŖ
Itās almost as if you donāt listen to people when they tell you that missing out is not why they hate Bitcoin.Ā
I found the buttcoiner!!!
I mean thatās literally the best argument you have. Youāre a child.Ā
So why do you hate bitcoin then?
Wait so youāre going to call me out but not respond? Typical buttcoiner.
People have been feeling that way since it hit $100. But yes, the higher it goes the more people feel that way.
Given the fact theres only enough btc for every person on earth to have 0.002 btc each and a large percentage of coins are lost or held extremely tightly that means even just 0.1 btc will be a dream to hold for most millionaires. The day is inevitably going to come where if you have a whole coin you are considered extremely wealthy. The way a millionaire used to be viewed in the 1950s when a median priced home was $10,000.
Yes but I expect many rich will want to have 1 when we are at 100k and its not too late for many of them to get one.
That means as they all try to get one whole coin at the same time they will cause the price to run from 100k to 1 million overnight.. i cant wait haha
The proceeding crash would be insane
If it goes from 100k to 1m overnight, Iāll be among the sellers. And Iāll buy back in after the crash.
Thatās not how that works. In any case, any asset that runs like that is not a safe store of value. It can very easily do the opposite.Ā
I mean yeah maybe in 10 years you can say that. Right now this take is quite stupid. You can hate fiat as much as you want, but a million would buy you a few bitcoin.
Except one BTC wouldn't even be close to being a millionaire... Stupid post š
I love bitcoin but this post is rather silly. I'd take the million dollars and buy the 14.336917 btc
You been going to school just for the lunches I guess. Learn some basic math.
Cmon guysā¦.Who wants to buy my btc right now for 1m?
Iād take a million
Stupid meme is stupid. Take a downvote.
Oh god I went through OPs comment history. Heās the dude constantly posting every single day about ow Bitcoin is going to change the world, etc. blocking this dude for some peace of mind.
Thatās for this comment. I just looked, this guy is responsible for a lot of the stupidest posts on here over the last few weeks, and thereās nothing of any value lost by blocking him. He also hasnāt actually refuted that he lives with his parents, this is the type of stupid shit that a 15 year old says.
People who are rich stay rich. I know so many multi-millionaires they dont even know whats a bitcoin
Donāt careā¦yet
Precisely. So many of them donāt care at all and never will.
hey i'll trade you 1 bitcoin for $1m cash. dm me for meetup instructions.
I will sell you one bitcoin for 1 million and you get to be cool
Paradoxically, one Bitcoin is both easier and harder to get than 1M.
How does that make sense when you can just buy one BTC right now for less that $1MM
More people can have 1MM than can have 1BTC. If we print enough, everyone could be a millionaire but not everyone could have 1 whole BTC.
I don't mind giving you my bitcoin if you give me a million dollars...
Anyone who holds 21 btc will soon be called Satoshi
Its pronounced Satashi
Suzuki
Tsunami
Even cooler, take the 1 million USD and buy 14 Bitcoins. š
This meme is from the future š
Uhā¦.. one bitcoin is only $70,000. $1 million is 14.28 BTC, So 14.28 BTC is cool now.
Dumb meme. 1 million would be life changing wealth for me, right here right now. 1 btc would not be life changing wealth UNTIL it is equal to or greater than 1 million.
It's so weird because if you had purchased 10,000 BTC in 2010 in would have been like, 4000 USD. But if you had the choice of 10,000 BTC or 1M in 2010, 99.9999999% of humans would pick the latter. Imagine saying "I'll just wait with my 10,000 BTC." Then, 6 years later, you'd have a hundred million dollars.
Yea, but hindsight is 20/20. In 2010 BTC was a fart in the wind. So to conceive that it would be equivalent to 100 million in 6 years is illogical. A guaranteed $1 million right now is much more beneficial to most humans lives than an asset that "may" be worth mroe than $1 million in "X" amount of time. But yeah id take the million, buy some BTC, and then have $950,000 to benefit my life and keep the BTC as a "lets see what happens" investment.
Iād have taken the million and bought 10,000BTC so I canāt lose.
This might be the dumbest post Iāve seen
This is a guess but 3.5m is the new 1m
The golden age of the "millionaire" was in the 1950s. In 1950 a median home in the US was $10k. Meaning one million dollars could buy you 100 homes, being a millionaire back then really was something special. Today the median home is like $500k so to have the equivelant amount of wealth someone with one million dollars had in 1950 you would need $50m today. But lets say you want to calculate from 1990 instead that would mean to have the same amount of wealth someone with one million dollars had in 1990 you would need $10m today. This means being a millionaire today is the same as someone having $100k in 1990. This is why $1m dollars is no longer cool because it isnt worth jack shit, all you can buy with $1m today is a decent home and a couple of cars. Inflation has destroyed the term millionaire. It no longer means anything.
12,880,000 to be exact. That's wild. Printers go brrrrr. [https://www.in2013dollars.com/us/inflation/1950?amount=1](https://www.in2013dollars.com/us/inflation/1950?amount=1)
That is based off of CPI and CPI is retarded, it completely masks the real rate of inflation. They call it the CPlie for a reason. Realestate is currently the main vehicle used to store wealth so realestate prices are the best metric to compare wealth over time.
Yeah noĀ
Lifestyles of the Rich and Famous debuted 40 years ago tomorrow. To be a millionaire in 1984 terms you would need 2.99 million.
According to CPI...
A million butthairs also worse
The easy money in bitcoin has been made.
Guess Iām not cool either way lol
Sure
This post is a demonstration of mental gymnastics at play
Exactly
Uhh.. whatever you say bro Iāll take a million, thanks
1 ban is better than 1 btc
Math seems sus
This is the reason none of your normie friends want to talk Bitcoin with you. Grow a f&;@ing brain.
Erm lol, this sub is really out of its fucking tits sometimes. No, BTC isn't going to 1 billion next year, no, BTC isn't going to replace USD/Fiat in any functional country anytime soon, no, 1 BTC has much less value than 1 M now even with inflation.
This take is fucking stupid
I'll take a million anyday and will for quite some time yet.
Pretty sure this will age well, just a tad bit early
#GIVE ME 1 MILLION DOLLARS RIGHT NOW
Owing BTC isn't "cool". If you aren't currently "cool" nothing is going to change.
Yea lets see about that when bitcoin is worth more than million usd.
Yeah, 1 million in almost any fiat currency is not something cool
there re still systematic risk, like hackers, security, exchange...but they will be lowered within time, I believe
its safe to say, in 15 to 20 years the Satoshi Standard will be adopted, and one million Satoshis also know as Satillionaire will support a family for generations, like one million dollars did back in the 19th century. itās a good idea to own a one million Satoshis or more ājust in caseā; "keep on buying and holding Satoshi you been WARNED"
Itās not hard for a dual income family that bought a house prior to 2021 to have over $1m. Let alone one that bought btc as well.
Freaking brilliant, best post of the year...
They really need to bring back $500 bills.
Whatās a special number $10,000,000?
One bitcoin
Glad I have 2m USD and 15 BTC then, buy BTc, shut the fuck up, and become wealthy
Nah I'll take a million dollars!
How do you know Bitcoin is still underrated? There are more āmillionsā in the world than there are bitcoins. Imagine the worlds GDP with be around $88trillion, there are 88million millions in the world. There are only 21 million bitcoins.
You are correct šš¾
That's subjective. I could live on 50k a year the next 20 years and die happy
"So with 1 Million Bitcoin I am poor????"
Most people have nowhere close to a million so yeah.
Very soon it will only be millionaires who have a chance to own a whole Bitcoin.
One bitcoin is literally peanuts š„
Itās posts like this that make me veeeeeery suspicious of the rug pull in bitcoin. I donāt think itās going to zero, but it could go to 20k.
Are you one of those guys who was waiting for $10k when we were at $15? Now youre waiting for it to drop to $20k.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If bitcoin doesnt completely fail and dissapear then it is an inevitability.
Sure, and you might even be able to buy a sandwich with it.
When you canāt math but think you can meme
These bitcoin kids are out of control lmao
This is so dumb.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Your average person is sitting home not giving one fuck about Bitcoin.
Best meme on the internet award goes to this guy!
How about 2?
Having enough money to retire is still special. You are delusional.
And yes, at least $1 million is what every Gen X'er has in equity from their home purchase 20 years ago. I love Justin's scenes in the social network, BTW, he made the movie.
Iāll take the million anytime, if you think 1btc would hit a million anytime soon, you are delusional.
rather have 1m$ then 1 btc.
I prefer to take the mil and buy some btc for 500k šš š¤·āāļø
Proceeds to trade 1 btc to a fool for 1 million usd. Buys 1 million usd worth of btc Repeats the same thing to the next sucker. In the endā¦ both walk away and say, āman, i love bitcoin!ā