Topic: 100 bitcoins. Will I be a millionaire by 2020? - page 17. (Read 77417 times)
The 2020, as we know it, is very unpredictable but possible: 800 dollar per BTC
You say to be a millionaire so it means that 100 BTC must cost by 2020 around 10,000$
And just for 5 years it must change(or increase ) by 2,000$ every year.
I think it is not possible at the moment.
Bitcoin price will reach it's full potential when more of the above realize the power of this tech and jump aboard. The more mainstream it gets the more major dumps I think we will see and the more dumps we see the more people lose faith and leave bitcoin. And just for 5 years it must change(or increase ) by 2,000$ every year.
I think it is not possible at the moment.
When Bitcoin goes up, everyone thinks up, and when sideways, everyone thinks sideways. During the last bubble, people were imagining 10,000 USD, now they're imagining range-bound for the next 5 years, lol.
First time we're in agreement so far in this thread. Most people are very unimaginative (and uninformed). They can't really think for themselves. 
When Bitcoin goes up, everyone thinks up, and when sideways, everyone thinks sideways. During the last bubble, people were imagining 10,000 USD, now they're imagining range-bound for the next 5 years, lol.
If the price would still be around 270$ in 2020 i honestly would not be super surpriced, perphaps i would raise one eyebrow, but nothing beyound that.
I would not be super surprised too, it can happen as we see the current price is not what we want.
And we didn't speculate that it would be so.
So I think it would go 500$ - 800$ maximum by 2020 (5 years from now is not much)
The next alt will smash through the ceiling compared to the last one which was based on practically nothing except rumours and mt gox...
I'd anyone wants to bet the price will be the same as now in 5 years, I'll gladly take that bet
the price would be higher than this for sure but not $10000 for one coin
If the price would still be around 270$ in 2020 i honestly would not be super surpriced, perphaps i would raise one eyebrow, but nothing beyound that.
I would not be super surprised too, it can happen as we see the current price is not what we want.
And we didn't speculate that it would be so.
So I think it would go 500$ - 800$ maximum by 2020 (5 years from now is not much)
I don't think that $500 in 5 years is possible. In 2020 we will be already in the 6.25 BTC/block era vs 25BTC right now.
Even if difficulty will stay pat (it won't), miners will go out of business with price less than 4X288X0.7=$806.4
I allowed a coefficient of 0.7 to indicate that some miners would still be making money if prices would be 70% of current.
So, either >$800/BTC or bust (single digits) in 2020.
If you're willing to risk it considering your can sustain yourself through other sources of income , it may be worthwhile, but as someone already mentioned, by 2020, you can either become a millionaire
If the price would still be around 270$ in 2020 i honestly would not be super surpriced, perphaps i would raise one eyebrow, but nothing beyound that.
I would not be super surprised too, it can happen as we see the current price is not what we want.
And we didn't speculate that it would be so.
So I think it would go 500$ - 800$ maximum by 2020 (5 years from now is not much)
If the price would still be around 270$ in 2020 i honestly would not be super surpriced, perphaps i would raise one eyebrow, but nothing beyound that.
I don't have 100 bitcoins but I really, really hope the OP will be a millionaire by 2020 by owning 100 bitcoins because that will mean I get a pretty life changing sum of money too, although not a million.
I think 2020 is too soon for 10,000 USD coins though (which is what the price would have to be to be a millionaire with 100 bitcoins), maybe by 2025 but I'd love to be proved wrong. I think in 5 years we could see $2500 bitcoins. 10,000 USD seems a bit of a massive jump though.
I think 2020 is too soon for 10,000 USD coins though (which is what the price would have to be to be a millionaire with 100 bitcoins), maybe by 2025 but I'd love to be proved wrong. I think in 5 years we could see $2500 bitcoins. 10,000 USD seems a bit of a massive jump though.
That is a massive jump from ~280$ to 2,500$. I dont think it will reach that only if semething unusual will happen on 2020.
But if it will be the situation like these years now, then it is hard even to reach 1,000$
Look at the price chart for the last 6 years. Bitcoin could easily move up 9x in a month given the right trigger. Speculative selling fervour has ceased and leveraged selling has almost returned to where it was before the last bubble.
It may never bubble again, but with the new financial instruments coming online allowing investors to buy directly from their share portfolio, perhaps the release to much fanfare of COIN etf, ruling out a sudden move up would be silly given it's history of such parabolic violent price rises.
It is still the most exciting part of my portfolio
I don't have 100 bitcoins but I really, really hope the OP will be a millionaire by 2020 by owning 100 bitcoins because that will mean I get a pretty life changing sum of money too, although not a million.
I think 2020 is too soon for 10,000 USD coins though (which is what the price would have to be to be a millionaire with 100 bitcoins), maybe by 2025 but I'd love to be proved wrong. I think in 5 years we could see $2500 bitcoins. 10,000 USD seems a bit of a massive jump though.
I think 2020 is too soon for 10,000 USD coins though (which is what the price would have to be to be a millionaire with 100 bitcoins), maybe by 2025 but I'd love to be proved wrong. I think in 5 years we could see $2500 bitcoins. 10,000 USD seems a bit of a massive jump though.
That is a massive jump from ~280$ to 2,500$. I dont think it will reach that only if semething unusual will happen on 2020.
But if it will be the situation like these years now, then it is hard even to reach 1,000$
I don't have 100 bitcoins but I really, really hope the OP will be a millionaire by 2020 by owning 100 bitcoins because that will mean I get a pretty life changing sum of money too, although not a million.
I think 2020 is too soon for 10,000 USD coins though (which is what the price would have to be to be a millionaire with 100 bitcoins), maybe by 2025 but I'd love to be proved wrong. I think in 5 years we could see $2500 bitcoins. 10,000 USD seems a bit of a massive jump though.
I think 2020 is too soon for 10,000 USD coins though (which is what the price would have to be to be a millionaire with 100 bitcoins), maybe by 2025 but I'd love to be proved wrong. I think in 5 years we could see $2500 bitcoins. 10,000 USD seems a bit of a massive jump though.
My guess is that you will need ~500 BTC to be a BTC millionaire in 2020.
Buying 500 Bitcoin these days cost a fortune, maybe if you have lots of money it can worth.
So in 2020 if the price hits 1,000$ or around it it can give you lots of profit
I would be purchasing as many BTC as you can right now...this is a great time to buy and the more BTC you have the better your chances are at becoming a BTC millionaire by 2020.
You say to be a millionaire so it means that 100 BTC must cost by 2020 around 10,000$
And just for 5 years it must change(or increase ) by 2,000$ every year.
I think it is not possible at the moment.
And just for 5 years it must change(or increase ) by 2,000$ every year.
I think it is not possible at the moment.
True, you need 100 BTC at 10K a piece to equal a million, but obviously OP has wealth outside of BTC...if not, that would be insane.
to be a millionaire you have to have at least 1 million dollars what would mean that you need the price of one bitcoin to be 1000000/100=10000 well i kinda doubt that bitcoin will reach 10k dollars in 4 years
If you don't follow the market at large...
Google jumped 71 bil (~15%) in market cap today.
This equals 17.6X bitcoin entire market cap.
One stock, one day jump equals 17.6X bitcoin.
Conclusion: bitcoin is like a tiny seed. It could either grow into a tree thousand time larger or die trying.
Google jumped 71 bil (~15%) in market cap today.
This equals 17.6X bitcoin entire market cap.
One stock, one day jump equals 17.6X bitcoin.
Conclusion: bitcoin is like a tiny seed. It could either grow into a tree thousand time larger or die trying.
But intially what you described can be anything? lol.
Its similar to a start up that has venture funding and hoping it would grow, but depends outside factors that no one can control.
True. But what this shows is the potential.
It is really insane how small bitcoin is when you compare it with other equities. I am shacking my head already for a long time after what happened with whatsapp and snapchat..
If you don't follow the market at large...
Google jumped 71 bil (~15%) in market cap today.
This equals 17.6X bitcoin entire market cap.
One stock, one day jump equals 17.6X bitcoin.
Conclusion: bitcoin is like a tiny seed. It could either grow into a tree thousand time larger or die trying.
Google jumped 71 bil (~15%) in market cap today.
This equals 17.6X bitcoin entire market cap.
One stock, one day jump equals 17.6X bitcoin.
Conclusion: bitcoin is like a tiny seed. It could either grow into a tree thousand time larger or die trying.
But intially what you described can be anything? lol.
Its similar to a start up that has venture funding and hoping it would grow, but depends outside factors that no one can control.
True. But what this shows is the potential.
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