10 BTC. Will I be a millionaire by 2030? - page 4.

OrangeII

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Quote from: Zadicar on July 19, 2016, 02:11:27 AM

Thats not a realistic speculation for that bitcoin would reach that amount , maybe $5k would be possible in 2030. No one knows what would be the price of bitcoin in upcoming years.
If ill own 1000BTC then i guess i would be a millionaire to that year.

even if at this moment you have 1000 BTC you may already be classed as a millionaire. but has 10 BTC in 2030 will not make you a millionaire, maybe you'll be a rich man, but not classified as a millionaire. if the price of bitcoin amount to $ 10,000 in the year, you only have $ 100,000 if it has 10 BTC, I think it is money that is fitting to build a family

sishendaoye

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Quote from: Apsara on December 07, 2015, 07:28:54 AM

It is impossible that with 10 bitcoins you will be a millionaire by 2030, i think you should own about 100+ bitcoins for reaching that much amount of money.

I think that he will need more Bitcoin then only ten of them because I believe that ten is not going to be enough to become a millionaire.
The thing that I suggest is that you try to earn enough of them because that way you can make more money.

TrueCryptonaire

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The most people are better off just holding bitcoin. You really do not need to trade it. Trading just causes losses if you do not know how to trade (and 80 % don't know trading and its pitfalls - it is zero sum game, your gain is someone else's loss and vice versa).
Inflation of btc is under 2 % in 2020 and around 1 % in 2024 and even less in 2030.

It is amazing how much one need to write here and nobody still seems to get it. Bitcoin is long term buy and hodl, not for trading. Let the deflation do its job along with adaption.
However, in 2030 the price will be more stable than today - that's for sure (wether it is stable 0 or stable moonish price).

Zadicar

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Thats not a realistic speculation for that bitcoin would reach that amount , maybe $5k would be possible in 2030. No one knows what would be the price of bitcoin in upcoming years.
If ill own 1000BTC then i guess i would be a millionaire to that year.

pooya87

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you can become a millionaire with 10BTC but not by just holding it in your wallet. you have 14 years to make it grow. you can invest that money (it is $6,700) so you can start your own small business and start earning money or you can start trading and make profit on it and then with the profit + price rise you may become a millionaire.

TrueCryptonaire

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Quote from: helloeverybody on July 19, 2016, 01:51:37 AM

Quote from: CryptoBjorn on July 19, 2016, 01:43:59 AM

Such small amount of bitcoins will not make you a millionaire. It's not going to happen that bitcoin will reach 100k some day.
At best i would expect 5k, and that's even on the high side.

5k is a more realistic prediction at what kind of price we might see bitcoin peak to some day, but that will be no time soon. im not a believer in the 100k bitcoin because the amount of years it would take to reach this levels is too much, Im in the thinking that theres no way bitcoin wont be replaced by this time. A superior coin will have come out with a higher amount available and mining will all but have stopped on bitcoin making it very unsecure and no longer worth the large amounts ist worth today.

You are probably better off investing in stock markets.
Some silver stocks have risen 5 times this year already and the risk is lower. After all, in mines there is a production backing the price (real business) but bitcoin has only demand vs. supple interaction.

helloeverybody

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Quote from: CryptoBjorn on July 19, 2016, 01:43:59 AM

Such small amount of bitcoins will not make you a millionaire. It's not going to happen that bitcoin will reach 100k some day.
At best i would expect 5k, and that's even on the high side.

5k is a more realistic prediction at what kind of price we might see bitcoin peak to some day, but that will be no time soon. im not a believer in the 100k bitcoin because the amount of years it would take to reach this levels is too much, Im in the thinking that theres no way bitcoin wont be replaced by this time. A superior coin will have come out with a higher amount available and mining will all but have stopped on bitcoin making it very unsecure and no longer worth the large amounts ist worth today.

CryptoBjorn

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Such small amount of bitcoins will not make you a millionaire. It's not going to happen that bitcoin will reach 100k some day.
At best i would expect 5k, and that's even on the high side.

manis

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Quote from: dumpida on July 18, 2016, 01:09:13 PM

In the long term, the bitcoin price will rise due to mass adoption. In 14 years, the bitcoin price could be $200,000.

You could have bitcoin being replaced by an alt too.
If it was such a sure shot, you will have institutional investors queueing up.

TrueCryptonaire

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Quote from: dumpida on July 18, 2016, 01:09:13 PM

In the long term, the bitcoin price will rise due to mass adoption. In 14 years, the bitcoin price could be $200,000.

I think you are pretty conservative here.
Despite the adaption rate will decline when the majority of the masses have adopted bitcoin as their currency, the inflation is also getting lower. Therefore I think 10 000 % increase after each blockhalving is actually quite realistic. That means, the current blockhalving should result price of around 60 000 usd/btc sometime in the coming years. The block halving of 2020 will make the price to millions of dollars per bitcoin so 2030 holding even 0.1 btc should be able to make you a millionaire not to mention of holding 10 btc.
The advantage of owning more bitcoins is sooner millionaire status.

dumpida

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In the long term, the bitcoin price will rise due to mass adoption. In 14 years, the bitcoin price could be $200,000.

avw1982

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Quote from: FruitBucket on July 18, 2016, 10:31:56 AM

2030 is 14 years from now. If the bitcoin price double every 2 years, the price will be 100 times highers, So each coin is about $60,000. You need more than 16.

No one knows and it's quite impossible to predict the bitcoin trends. May be there are many factors apart from it's extreme volatile nature. Still, who knows, if the price rise continues, 10 BTC would surely be a good amount, some millions, by 2030.

GregH37

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Quote from: FruitBucket on July 18, 2016, 10:31:56 AM

2030 is 14 years from now. If the bitcoin price double every 2 years, the price will be 100 times highers, So each coin is about $60,000. You need more than 16.

there is no any fixed price increase for bitcoin. the price can increase. but it can increase less, or may not increase or may drop also. so predicting about bitcoin like this really doesn't make sense.
but as I believe on bitcoin and collecting more and more as much I can collect so you can also collect bitcoins and wait for 15 days. you possible become millionaire . but prefer your self for loose also.

FruitBucket

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2030 is 14 years from now. If the bitcoin price double every 2 years, the price will be 100 times highers, So each coin is about $60,000. You need more than 16.

nururochac

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Quote from: Sanguintan on July 15, 2016, 03:08:36 AM

Quote from: x4 on July 14, 2016, 11:39:39 AM

Quote from: Minosse on December 07, 2015, 06:58:46 AM

100 BTC? 0.00000001 BTC? Nah... extremes are not for me.

What do you guys think?

Even 1 btc will be a millionaire someday, no specific date and time but its possible that it will happen, who knows because bitcoin price is not stable and year after year bitcoin users got a lot of number and if people around the world accepts bitcoin well price will increase.

That is right. Every bitcoin will be worth more than $1 million in 30 years. But it depends on further development.

There's a big chance it will happen after 30 years since we can see that the future will hit to it's technology years that all we will see will be connected in technology and all things we do is technological.

Sanguintan

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Quote from: x4 on July 14, 2016, 11:39:39 AM

Quote from: Minosse on December 07, 2015, 06:58:46 AM

100 BTC? 0.00000001 BTC? Nah... extremes are not for me.

What do you guys think?

Even 1 btc will be a millionaire someday, no specific date and time but its possible that it will happen, who knows because bitcoin price is not stable and year after year bitcoin users got a lot of number and if people around the world accepts bitcoin well price will increase.

That is right. Every bitcoin will be worth more than $1 million in 30 years. But it depends on further development.

x4

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Quote from: Minosse on December 07, 2015, 06:58:46 AM

100 BTC? 0.00000001 BTC? Nah... extremes are not for me.

What do you guys think?

Even 1 btc will be a millionaire someday, no specific date and time but its possible that it will happen, who knows because bitcoin price is not stable and year after year bitcoin users got a lot of number and if people around the world accepts bitcoin well price will increase.

CryingMidget

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Quote from: avw1982 on July 13, 2016, 09:34:39 PM

Quote from: FruitBucket on July 13, 2016, 02:57:07 PM

Quote from: Soros Shorts on July 12, 2016, 06:41:40 PM

In 2030 a million bucks will probably buy you a 1 bedroom apartment in Detroit. So it is highly likely that 10 BTC will make you a millionaire.

I think differently. The bitcoin price will be $1 million dollar each in 2030. That is today's dollar values.

The chance is really small that it can happen, because then Bitcoin must rise a lot and that will not happen as you can see because it is now already even stable so that is bad. It will take a really long time or it will be impossible to be a millionaire with only some 10 BTC.

There are possibilities to become a millionaire, the reason behind that is now itself it has having a great value. Based on each countries currency value value sure you can be a millionaire with just 10 bitcoins. Still the millions should not be calculated in dollars. Even try to get more not just holding 10bitcoins which may help you for the 2030 target.

opossum

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Quote from: Farma on July 14, 2016, 10:31:52 AM

Quote from: Sanguintan on July 14, 2016, 03:28:53 AM

Quote from: avw1982 on July 13, 2016, 09:34:39 PM

Quote from: FruitBucket on July 13, 2016, 02:57:07 PM

Quote from: Soros Shorts on July 12, 2016, 06:41:40 PM

In 2030 a million bucks will probably buy you a 1 bedroom apartment in Detroit. So it is highly likely that 10 BTC will make you a millionaire.

I think differently. The bitcoin price will be $1 million dollar each in 2030. That is today's dollar values.

The chance is really small that it can happen, because then Bitcoin must rise a lot and that will not happen as you can see because it is now already even stable so that is bad. It will take a really long time or it will be impossible to be a millionaire with only some 10 BTC.

If one billion people in the world use the bitcoin, the price will be $1 million or more. But it will take some time.

if 10 BTC can make someone a millionaire in 2030, then the person who has bitcoin less than 10 BTC can be said is a person who has lots of money. Well, maybe if you already have one BTC, perhaps at that moment you can already buy a house, but I guess that will not happen. I just think that bitcoin price will be $ 2,000 more by the time it

I think price in 2030 would be more then $2k, I see price of bitcoin touching to $5k by that time but this is just an prediction, not sure what till be exact scenario but it will not make you millionaire for sure.

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Quote from: Sanguintan on July 14, 2016, 03:28:53 AM

Quote from: avw1982 on July 13, 2016, 09:34:39 PM

Quote from: FruitBucket on July 13, 2016, 02:57:07 PM

Quote from: Soros Shorts on July 12, 2016, 06:41:40 PM

In 2030 a million bucks will probably buy you a 1 bedroom apartment in Detroit. So it is highly likely that 10 BTC will make you a millionaire.

I think differently. The bitcoin price will be $1 million dollar each in 2030. That is today's dollar values.

The chance is really small that it can happen, because then Bitcoin must rise a lot and that will not happen as you can see because it is now already even stable so that is bad. It will take a really long time or it will be impossible to be a millionaire with only some 10 BTC.

If one billion people in the world use the bitcoin, the price will be $1 million or more. But it will take some time.

if 10 BTC can make someone a millionaire in 2030, then the person who has bitcoin less than 10 BTC can be said is a person who has lots of money. Well, maybe if you already have one BTC, perhaps at that moment you can already buy a house, but I guess that will not happen. I just think that bitcoin price will be $ 2,000 more by the time it

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