It was just an assumption but there are a lot of news and I know a lot of people who lost bitoins in the past. As it was really easy to mine in the first period of Bitcoin there were a lot of people who mined and forgot about it probably as its price was around 0.2$ or stuff like that. Also , as I said this analysis is for 10-15 years from now. A lot of people will forget their adresses and some will die,unfortunately.
Thank you a lot for correcting me, I knew that was something odd in my calculations but I've didn't notice it as I wrote this article as a pause between my exam prep. I will edit it as soon as possible. That's also grea t news 120 mil $ for 1 BTC WOW
Well, it was just an assumption to see how big of a potential can bitcoin have at a large scale and if it will be mass adopted. Cryptocurrency will definetely become adopted, either if it will be descentralized or centralized. Bitcoin will be #1 and most rare coin out there so as I said in the article people love RARE stuff.
There was just a theory to see how much "unique" one guy can be by holding a bitcoin considering everyone who has Bitcoin has only 1 of it. It's not relevant to the price as it's relevant to give us a good perspective on how it's working. If we go outside and look for that unique wealthy person around us the chance can be around 1/700 haha
Thank you a lot for your comment, I want to build my community around people like you. Have a nice stay on steemit!
Good point with people loosing / forgeting bitcoins when the price was only 0.2$. I guess only time will tell. Until now I didn't give the thought a chance, that the amout of lost btc could be that huge. But thinking about it... with 10 - 15 years... it doesn't even sound crazy but rather possible.
You're welcome! Hehe, 120 mil BTC for the win! :D
I totally agree with your people love rare stuff claim. I kind of forgot to mention that. And thanks for explaining your thought behind the 1 in 700.
Thanks for your kind words, as you might see on my profile, I'm just getting started with steemit. I really like the concept and hope to have a long and interesting stay.
Good luck with your exams!
Cheers
This platform is great and I BET that you will have a nice journey here. I really like the way you write and your mentality, so if you'd want you can add me on facebook to keep in touch in the future.
Cheers!
Unfortunately, I've stopped using facebook for quite some time... I'll get back to you, in case I'll ever start using it on a regular basis again. Until then, lets keep in touch on steemit.
No worries mate. Was just a suggestion :D . We keep in touch here!