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Topic: 100 bitcoins. Will I be a millionaire by 2020? - page 16. (Read 77417 times)

full member
Activity: 170
Merit: 100
i hope yes, if you are rich i will be rich too haha
legendary
Activity: 2002
Merit: 1040
As said not this hyper, price will go up but may you need to consider 2200 rather than 2020 Wink

I think bitcoin will reach 10k+ in 2020. Maybe 100k+ even.


And what is the use if due to hyperinflation USD 10k buys you a loaf of bread?

Yeah I'm a millionaire.... happy happy joy joy :-)

The cost of bread has gone up 20x in the past 100 years. You're saying you believe it's possible for it to go up 4000x in the next 5 years? Lol. The Fed will never let that happen.
legendary
Activity: 1232
Merit: 1091
I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset the digital gold

It will be possible if the demand explodes at some point within a few years. Currently it seems that people are already happy when Bitcoin touches $1K again.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht

And what is the use if due to hyperinflation USD 10k buys you a loaf of bread?

Yeah I'm a millionaire.... happy happy joy joy :-)

That's a very tired analogy that pops up, ooh, at least once a day. I think when those figures are bandied about then we're talking similar buying power to now. If we do get our $10,000 loaf then being in BTC still looks like a much better deal than USD.
legendary
Activity: 1112
Merit: 1000
As said not this hyper, price will go up but may you need to consider 2200 rather than 2020 Wink

I think bitcoin will reach 10k+ in 2020. Maybe 100k+ even.


And what is the use if due to hyperinflation USD 10k buys you a loaf of bread?

Yeah I'm a millionaire.... happy happy joy joy :-)
sr. member
Activity: 315
Merit: 250
I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset the digital gold

Anything is possible but the truth is absolutely no one knows what bitcoin is going to be worth in the future - 1 million or zero. I think 100 bitcoins would be a nice amount to have as a speculative investment, though.
sr. member
Activity: 392
Merit: 250
I think it is better to think of 1000 BTC than only hope that the price will be 10 000
hero member
Activity: 658
Merit: 500
I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset the digital gold

I agree with that.

Sorry I don't get it: what kind of better system for payments?
sr. member
Activity: 406
Merit: 250
I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset the digital gold

I agree with that.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht

But bitcoin might not even exist anymore in 2200.


Ideally society would be post conventional economics by then. Whatever happens there might well be something still called Bitcoin. No doubt it'll bear absolutely no technical resemblance to what's around today. Despite that you'll hopefully be able to still import ancient coins.

If catches fire in the next few decades it would be daffy to discard the brand.  I'm too ancient to conceive of the far future but I can't see digital units of account broadcastable through the ether going out of fashion any time soon.  
hero member
Activity: 910
Merit: 1000
I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset the digital gold
sr. member
Activity: 322
Merit: 250
As said not this hyper, price will go up but may you need to consider 2200 rather than 2020 Wink

I think bitcoin will reach 10k+ in 2020. Maybe 100k+ even.

But bitcoin might not even exist anymore in 2200.
sr. member
Activity: 266
Merit: 250
Well not in 2020 but yes till  2035 you can also buy Ferrari and much more.
https://bitcointalksearch.org/topic/how-will-you-celebrate-when-we-surpass-berkshite-hathaway-class-a-shares-1144217

I hope by reading this you can get an idea of what I'm talking about.
hero member
Activity: 840
Merit: 501
PredX - AI-Powered Prediction Market
As said not this hyper, price will go up but may you need to consider 2200 rather than 2020 Wink
legendary
Activity: 1092
Merit: 1000
100 btc on a probably value of 10k per coin, you will be rich for sure
bitcoin has a bright future from what I can see
member
Activity: 65
Merit: 10
Most likely yes, you will be millionaire by them.
People tend to forget how the halving in reqards affects price.
Currently with 25 btc per block, we have an average of 10% inflation
wich is considered A LOT for a normal fiat economy.
What causes bitcoin to not fall is the huge demand wich will continue to rise
dramatically, while the halving will greatly reduce the inflation rate in the following years.
So yes, you will be a millionaire. Bitcoin is the future.
And you're part of it.

Enjoy.

Looking forward to it  Grin
legendary
Activity: 2842
Merit: 1511
Most people are very unimaginative (and uninformed). They can't really think for themselves.

Alas, herein we seek our advantage.
legendary
Activity: 1722
Merit: 1004
as Satoshi said, you will either be a millionaire or have nothing by 2020

(you can easily find the quote)


I think you mangled the quote. Here's what I believe you're referencing:

...  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.


First off, he's talking about 2030, not 2020. Second, he's talking about transaction volume, not exchange-rate. Obviously, though, if transaction volume is "very large" in 2030, it means bitcoin did indeed achieve market success; thus, it's reasonable to assume it commands a good deal of purchasing power.

And third, let's also note that he was saying that it'll be a few decades before transactions fees become the main compensation for "nodes" (mining-nodes). This design/intent is directly contrary to what people who want to keep the blocksize at 1MB at currently saying.
hero member
Activity: 1005
Merit: 500
If you can hold 100 bitcoins to $10k and you have no other money you are a better man then me, i will cash a few $k but the rest i will hold for 10 years or more
hero member
Activity: 602
Merit: 500
In math we trust.
Most likely yes, you will be millionaire by them.
People tend to forget how the halving in reqards affects price.
Currently with 25 btc per block, we have an average of 10% inflation
wich is considered A LOT for a normal fiat economy.
What causes bitcoin to not fall is the huge demand wich will continue to rise
dramatically, while the halving will greatly reduce the inflation rate in the following years.
So yes, you will be a millionaire. Bitcoin is the future.
And you're part of it.

Enjoy.
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