Topic: 10 BTC. Will I be a millionaire by 2030? - page 24. (Read 41305 times)

I do not see this happen at all, its would be ridiculous what would be the people that have more bitcoins than the 10 you are saying.
The bitcoin will rise to a high price in the future but to be a millionaire with 10 bitcoins you will need a lot more.

If it happens, thats good. But when it comes to reality money has certain value. So I think the expectations of us is very high.

And knowing uncle same wanting that large piece of tax.

I think we can all agree we wont be exactly happy with that esp, when its something they need nothing for it. Its a shame the fdic only covers $250k only anything beyond that is risk lol.

I hope that if BTC passes and sustains $1000/BTC then people will start talking in mBits as it is much more understandable to average Joe.  For example if I went to buy a pizza with 1Kg of gold, they would ask if I had anything smaller.  BTC doesn't have that issue of course, but psychologically, a mBit makes more sense.

There's not a chance in hell sorry. Many things will have to fall into place for first Bitcoin get adopted. For this too happen demand should be much higher than it is now, so no one really needs Bitcoin, it's just something that just exists, it doesn't solve any problem, it's an unique technology and could potentially change economy but it can also fail and crash hard.

Secondly, if Bitcoin starts getting big investors or make deals (something I doubt because no companie will touch it with its bad image) you will need to hold TIGHT. For example, let's say Bitcoin reinvents itself as a secure way to store wealth, kinda like digital gold. No payment transactions bullshit or things like that, just a commodity. If it works very well and it's highly secure and regulated, then people would love to get in. The price will definitely shoot up during that period and it can be a lot since there are only 21 millions as we all know. This is where it gets complicated, if the values goes from let's say $1000 in 2020 to $5000 or $10000 very quickly, then you will be VERY tempted to sell them.

This is what happened to many of early adopters, they just didn't know where the ceiling was, so they thought, hey I have 1000 BTC, $20 each is a lot of money and then sold. If they would've done that at the peak, they will be millionaires.

I don't think 10BTC is enough for 2030. There are a lot of people who hold way more than 10BTC and I can't imagine a world that has a lot of new millionaires. Maybe with 100BTC it's more possible but my logic says 10BTC would be only average considering the speed of Bitcoin growth last 7 years.

I would not count on it. Things are very complicated at the moment.
Either the price and the project go up or it fails. For a minor investment bitcoin is good, but for your savings.. no way.

i think that you might be a millionaire then as bitcoin price will be much more higher and you will have more dollars then

no, you will most probably not be a millionaire as the bitcoin price would have to be huge then, but i think it is possible to have at least half million with 10 bitcoins

Probably not, but I think the value will increase a lot by then.

Once they get their tax bill, they will be poor.

well said and true
country is depending who much will you have if you are meaning to dollars then you will have to wait much longer

I do not see this happen at all, its too much your asking from the bitcoin for sure, its of course unpredictable but the amount you want is to high. You maybe will gain a lot of money but its even the question of the bitcoin will still be alive at that time.

I think this coming july (halving ends)in 10 btc you will be millionaire depends in your country because there's a possibility that the price will rise above 1k plus. So in some countries s/he will be rich if he or she holds bitcoin until halving ends... without waiting on 2030..

If it becomes the globes main currency then yes.  The potential for 1mill a coin is there but it could be attacked by those that do not want to lose their power they have built on fiat.  Will be fun to watch.

If the Bitcoin has 100 million users, I think you will be a millionaire. but I do not know when we will have 100 million users.

you could be very rich... but until then BTC still has a lot of tests and traps to pass...

Exactly, you will be very rich by 2030 if you hold 10 btc in your wallet, as the price of bitcoin would be much higher at that particular time, can't judge the exact price but it would be worth more.

In 2130, even a person owning 0.01 bitcoin will be a millionaire. The US dollar will worth very little then.

You should wait until 2130 and see if you are a millionarie.