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RE: The World Billionaires ,The Richest People on Planet 2016

in #steeimt8 years ago (edited)

OK, here's how you could've reach a billion starting from 2010 to now: Bitcoin started trading in 2010 on Mt. Gox for 6 cents. $5K/.06 = ~83K BTC. Today that's worth $50 million. In 2014, BTC was also around ~$600 at the time of the Ethereum ICO. The ICO price was 2000 ETH/BTC. Let's say you invested 10K BTC of that for 20 million ETH. Today ETH+ETC = ~$14. 20 mil x 14 = $280 million worth of ETH. You'd also still have 73K BTC worth $43 mil. That puts your total net worth at ~$320 million in 6 years. From $320 mil, getting to $1 billion is just a triple from here.

In other words, it's entirely possible to get to $1 billion in 10 years from $5K with 2 or 3 lucky moves.

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Yea but every time the profit decreases, the innecifiencies in the market are logarithmically decreasing. Every new crypto will make less and less, unless it introduces radically new features.

I recently discovered STEEM, let's just say that there is still hope to become billionaire for us who read this :)

True, but the point is you don't need to start with millions to make billions. You could've started with $5K to make millions, then use those millions to get billions.

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