100 bitcoins. Will I be a millionaire by 2020? - page 10.

pissedoff

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Quote from: QuintLeo on November 29, 2015, 07:12:24 AM

Probability pretty much zero.

$100,000 by then for 100 bitcoins seems fairly likely, long shot I'd guess perhaps quarter million at some point by then due to a price spike, but million I'd bet heavily AGAINST.

The last bubble popped big time, and folks get very wary about investing in something that already had one bubble for quite a while, even if there is some fundimental support for it to increase in price over time.

Is very likely that the OP will have over $100k in bitcoins by 2020. That's still the very minimum.
My guess is ~$5000 per coin by 2020.

Wilhelm

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Don't underestimate greed. A bubble will happen again....

QuintLeo

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Probability pretty much zero.

$100,000 by then for 100 bitcoins seems fairly likely, long shot I'd guess perhaps quarter million at some point by then due to a price spike, but million I'd bet heavily AGAINST.

The last bubble popped big time, and folks get very wary about investing in something that already had one bubble for quite a while, even if there is some fundimental support for it to increase in price over time.

Amph

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Quote from: uki on November 29, 2015, 05:42:55 AM

Quote from: Amph on November 29, 2015, 04:05:44 AM

Quote from: ~BtcRoll.com~ on November 28, 2015, 04:51:12 AM

You guys are very optimistic 10k a coin, I'm certainly hoping to goes to that price but come on now Tongue

10k a coin is = around x28 current price = around 140B marketcap, how this is not sustainable, still a very tiny marketcap if you ask me

That price requires much broader adoption than what we have nowadays in order to be sustainable. I am not sure based on what you draw the conclusion that such pricing is realistic (or even a bit undervalued if I read your post well). It is actually much harder to move the price from sub $1 to $100 than from $100 to $10k, although each time it is a 100-fold increase. Bitcoin would need much broader user base and more fundamental developments (e.g., ETFs, etc.) to support that. Otherwise we talk about one off speculation event similar to the Mt.Gox in the end of 2013.

we moved the price from 100 to 1200 in no time, so i'm not really in agreement on this, if there are there right people behind the pump it can increase easily

if you add to this the right adoption 10k does not look so hard to achieve, and certainly not the final target of bitcoin

ThunderThomas

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Seems a bit to early to set this goal for yourself. 2020 is in about 5 years. Seeing as how much it's worth right now, I doubt you'll get to be a millionaire in 5 years. You never know with bitcoins though.

n2004al

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Quote from: ekissane on February 07, 2015, 10:11:12 AM

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

It is a wonder of to many that price but it is to early to be achieved in that year you write according to me. For bitcoin have not any obstacle which can impede to do what it want. If he want can do everything. But have not the needed kind of support from other factors which are indispensable for it to see that price. Have yet not to much spread, have not yet to much regulation/legalization and not to many countries which have regulated/legalized it. Most of those ignore totally it. So, even if he can made some other bubble like it like to act sometimes, cannot be such big to arrive that price. At least this is what I think. And at the end, I hope with all myself to be wrong regarding all the above I wrote. Wink

HostSurf

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It really depends just on how much the value of the bitcoin will be in 2020. Who knows, you can't really tell, you can only speculate and take your chances.

uki

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Quote from: Amph on November 29, 2015, 04:05:44 AM

Quote from: ~BtcRoll.com~ on November 28, 2015, 04:51:12 AM

You guys are very optimistic 10k a coin, I'm certainly hoping to goes to that price but come on now Tongue

10k a coin is = around x28 current price = around 140B marketcap, how this is not sustainable, still a very tiny marketcap if you ask me

That price requires much broader adoption than what we have nowadays in order to be sustainable. I am not sure based on what you draw the conclusion that such pricing is realistic (or even a bit undervalued if I read your post well). It is actually much harder to move the price from sub $1 to $100 than from $100 to $10k, although each time it is a 100-fold increase. Bitcoin would need much broader user base and more fundamental developments (e.g., ETFs, etc.) to support that. Otherwise we talk about one off speculation event similar to the Mt.Gox in the end of 2013.

Amph

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Quote from: ~BtcRoll.com~ on November 28, 2015, 04:51:12 AM

You guys are very optimistic 10k a coin, I'm certainly hoping to goes to that price but come on now Tongue

10k a coin is = around x28 current price = around 140B marketcap, how this is not sustainable, still a very tiny marketcap if you ask me

uki

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Quote from: HarryKPeters on November 23, 2015, 05:01:43 PM

If you want to be a millionare in 2020 make sure to work hard and create an unique product.

Don't expect bitcoin to make you a millionare. It's not the purpose of bitcoin Wink

most of the people in this thread and this forum as well unfortunately thinks in this way.
First of all if 100BTC would be worth 1 million US$ that would mean that the meaning of that million we know today has devalued as well. The purchasing power of such million of paper money would be different than it is today.

~BtcRoll.com~

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You guys are very optimistic 10k a coin, I'm certainly hoping to goes to that price but come on now Tongue

pissedoff

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Quote from: Pasttimeuftor on November 28, 2015, 03:15:29 AM

With 100 bitcoin, you will be more than a millionaire. The price will be more than $20,000 then if the user number exceed 10 million.

I have to agree with you. In 2020 the bitcoin user base should be above 10 million and the price will have to compensate for that.

Cconvert2G36

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Quote from: ?? on ??

I don't think so... but if the price soar high again, reach 1000 USD or more, then there's a chance... or if you are lucky enough, invest it then most probably you will be a millionaire in 2020

Well, $1000 would get him to $100k... so 10% there. As for these "investments"? Doesn't involve 40 pirates or mavros... right?

Pasttimeuftor

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With 100 bitcoin, you will be more than a millionaire. The price will be more than $20,000 then if the user number exceed 10 million.

ridewithme

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Follow me to the Profitland.

Quote from: Nunu on November 23, 2015, 09:39:04 PM

Quote from: ridewithme on November 23, 2015, 05:16:52 PM

Quote from: ekissane on February 07, 2015, 10:11:12 AM

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

The question is will you be able to reach 2020? Roll Eyes

And if you will be able to reach 2020, would bitcoin still be accepted by then? Roll Eyes

I didn't say this. Fix your quotes.

Meuh6879

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gold have more supply and can change from 1800 USD to 1000 USD in a single year ... be prepared for the rollercoster in Bitcoin with electronic and unalterable transactions.

iv4n

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Quote from: ekissane on February 07, 2015, 10:11:12 AM

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

Very nice prediction, optimistic. And people who have more then 1000 + they will be what? If this is 100 % sure, every person on this world would try to buy some bitcoin. Like in some movie people would kill each other to get some coins and to earn 1000% on investment for just 4 years. I think its too much for coin to rise that much, I would like but its hard.

lissandra

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Quote from: Nimbulan on November 24, 2015, 02:04:37 PM

i dont think you will be a millionaire for that you need at least 1000 bitcoins i think

having whatever amount will change, since if the value changes.

But, I think minimum of 14 years, Id probably see some crazy # I bet down the line. But I dont see it done in 4 years.

Nimbulan

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i dont think you will be a millionaire for that you need at least 1000 bitcoins i think

Hashminers

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Quote from: HWoodrow on November 24, 2015, 09:37:29 AM

Quote from: ekissane on February 07, 2015, 10:11:12 AM

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

Oh, there are some possibility that price will be of 10000$ in 2020, but could be also 0$. So, you choice, but only thing that I can advice you is to HODL !

That is just extreme that Bitcoin goes to $0,- I will be very sad than if that happends.

That is just 5% that will happend to $0,- again. I am not saying that in 2020 will be $10.000,-.

But I am just guesing that it will be maybe 1500-2000 USD. And don't just HOLD! everything invest some.

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