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