The Bitcoin Family: Still on the Road—After Three Years! In 2017, Didi Taihuttu sold everything for Bitcoin, convinced he’d be a multi-millionaire by 2020. How’s that working out for him and his family? (x-post from /r/Bitcoin)
Can someone explain to me how a 1 million dollar bitcoin is possible?
So I'm sure you all heard about John McAfee (a relatively smart guy) predicting that bitcoin will be worth 1 million USD by 2020. I'm sure there are several other reputable people in finance to make similar statements. Taking a moment to think about this, I'm having trouble trying to determine is actual plausibility. If you look at bitcoin's price action just over the last few months, extrapolating from it would easily result in a predicted bitcoin price of well over 1 millions dollars by 2020, I acknowledge that. Bitcoin seems to be exceeding even the most optimistic expectations. What would a 1 million dollar bitcoin mean for those who hold it though? Anyone that put just $1000 into bitcoin when it was worth $10 in 2012 would have over $1,000,000 worth of bitcoin now. As we are all-too-aware of, there are SEVERAL "bitcoin multi-millionaires" out there already, talking about how much bitcoin has changed their lives. Obviously, some of them sold and cashed out, but I think that might be negligible in this case. If bitcoin reaches $1 million dollars, all of the millionaire "hodlers" would then be billionaires or multi-billionaires. THIS SEEMS CRAZY TO ME. We're talking about the year 2020 (approximately). That only 2 years from now. There are not that many billionaires in the world right now! I just can't comprehend how that many more billionaires can be created in only 2 years! Don't me wrong ladies and gentlemen, I 100% believe in the ability for cryptocurrency to revolutionize most aspects of business, finance, etc. Blockchain technology is incredible and deserves all of the attention and adoption that it is getting. But just in terms of VALUATION, I don't think the current market trends and price predictions are sustainable due to the thought I've described above. I welcome all alternative perspectives to change my view on this. Thanks.
09-11 23:14 - 'Bitcoin and other cryptocurrencies have been the best investment of our generation. Investing early in cryptocurrency has minted a significant number of new multi-millionaires in the past five years. But Bitcoin is sti...' by /u/Terrible_Bat4906 removed from /r/Bitcoin within 18-28min
''' Bitcoin and other cryptocurrencies have been the best investment of our generation. Investing early in cryptocurrency has minted a significant number of new multi-millionaires in the past five years. But Bitcoin is still in the early innings and there is plenty of upside ahead in our view. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Terrible_Bat4906
Im a teenager who was born poor. I have always been very curious about everything and im an addicted learner. When I was about 9 years old, I read about cryptocurrencies. I decided to invest my savings in bitcoin, with the help of my cousin. Now, about 10 years later, im a multi millionaire. AMA.
Bitcoin Stories Who’s the Next Millionaire? It’ll be interesting to see what the Bitcoin millionaires on this list do with their wealth in the future. Will they HODL, or will they cash out? What roles will they play in the future development of the cryptocurrency market? As we’ve seen before, there’s a variety of new business opportunities made possible by blockchain and cryptocurrency ... The bitcoin price regularly swings wildly and unpredictably but that's not stopping some bold investors from betting big on bitcoin—hoping it will make similar gains to the multi-million ... Bitcoin multi-billionaire Oody Geffen. Amber Emshoff May 29, 2019. 23 62 2 min read. Even though Oody Geffen ad his Bitcoin on a separate harddrive they were still hacked. Oody’s tale serves as a cautionary lesson for all those involved in cryptocurrencies. First of all, Oody was one of the wave of early investors in Bitcoin, for about 2c each, he invested $20,000 in total, bringing him even ... Wie viel Bitcoin Millionäre gibt es? Der erste Bitcoin Deal der Geschichte ist heutzutage überhaupt nicht mehr vorstellbar. Damals wechselten zwei ganz normale Pizzen für sage und schreibe 10.000 Bitcoins den Besitzer. Der Belag ist übrigens nicht bekannt. Augenscheinlich konnte damals noch niemand erahnen, in welche Höhen die Münze aufsteigen würde. Tatsächlich gab es einige… Jetzt ist es soweit, liebe Leser! Die Kryptowährungs-Community dreht ohnehin schon länger komplett am Rad. Nun stürzen sich auch die "normalen" Anleger auf den Bitcoin. 14.08.2017
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