When will you become a bitcoin millionaire? My little table below allows you to estimate when your stash of bitcoins will be worth $1 million.
You might become a bitcoin millionnaire much sooner than you think! Check how many bitcoins you own. Look the number up in the first column of the table below. You can see not only what bitcoin price you need to get to a million dollars, but also, when this is likely to happen. Of course I had to make some assumptions, which may turn out to be incorrect. You can see the assumptions below the table.
Just to be sure that those who are commenting actually read this blog, please include the word "hodl" in your comment, and I will be sure to upvote you with my mighty steempower!
Look up how many bitcoins you own in the first column. Find the answers in the next columns.
Assumptions:
- Current bitcoin price is $6600
- Price trend growth of 2017 continues at the same pace as it has since the start of the year. For this I dervived a daily compound rate of growth of 0.63% (i) using the formula i=(FV/PV)^(1/N)−1, where FV=todays's price of $6600, PV= closing price of 2016 of $963.66, and N = number of days so far, i.e 305 days.
To calculate the date on which you will become a millionaire, I used the formula: TODAY()+n, where N=LOG(FV/PV)/LOG(1+i).
In the above example, PV= the present value of your bitcoins and FV=$1 million.
Disclaimer
This is for fun only. It is not financial advice. The future growth rate may be different from that derived by looking at the past. In fact lots of things could even cause the price of bitcoin to fall to, or near to, zero, or there may be no market at all. It is after all, nothing but a series of digits in the ether that you can't eat of use for firewood. Don't invest more money than you would be willing to completely lose. Imagine you are betting on a three-legged donkey, or a fat greyhound. How much would you risk?
Fun little table. Can't wait to see what will happen with bitcoin. In the meantime, it seems to make sense to hodl.
my good friend, I read your post and it makes me want to cry. hodl
https://steemit.com/story/@marsella-2017/what-to-do-after-having-lost-almost-everything-steemit-is-the-answer
I already did the translation in English
It will begin again to save in btc, thank you very much for every friend, you are very special. hodl. Saludos...
@swissclive hodl hodl hodl I hope your chart becomes a reality :)
The poor must hodl a long time
I wish for BTC to fall to 500 dollars a piece so i can buy 50 and then hodl on to them forever 😕
i wanted to calculate myself you helpet me alot . i have 500 eos how long do i have to wait ? for a lamborghini
As EOS is still in an ICO, I can't see it doing much. After that, you would need either a utility to develop for the token, or you would need speculators to pile in. Right not,it's not where the hot money is going.
If in doubt, listen to what the market is saying about itself. Then you know how to get your Lambo.
A Lamborghini needs gas. Better to wait for, or develop, a hypercar that consumes STEEM! ;-)
guys i want to say thanks as i have only 250 euros invested in eos and now is worth 466 euros , i belive that after Ico it wil be little up :D i alsow have other investments omise go 900 euro and others , like steem i have 2 accounds totaling 1500 euro :D
hodl hodl hodl! ;-)
Very interesting analysis. I would hope BTC continues to rise at the same rate as it did in 2017.
That would be incredible...going to require some Wall Street money...a lot of it.
Screenshot taken. Oh it's fun to dream like this, but there's actually a decent chance of this happening in time. If not, I guess I'll settle for halfway there and get by, if we haveeee to settle.
This is funny, I guess I should buy some satoshi that I afford for the moment :)) I wonder if governments will ever let Bitcoin get that high...