100 bitcoins. Will I be a millionaire by 2020? - page 2.

Ayers

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Quote from: ronaldo40 on May 29, 2016, 04:19:50 AM

Quote from: ?? on ??

>100 bitcoins. Will I be a millionaire by 2020?

No.

Why not? bitcoin prices are always unpredictable, as we now touched $500 in a short time. so in 2020 may be 100 bitcoin be a millionaire, if the price above $1000

you need 10k to be millionare if you have 100 btc, and millionaire mean at least 2M right? so you need bitcoin to reach 20k, really hard imho

ronaldo40

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Quote from: ?? on ??

>100 bitcoins. Will I be a millionaire by 2020?

No.

Why not? bitcoin prices are always unpredictable, as we now touched $500 in a short time. so in 2020 may be 100 bitcoin be a millionaire, if the price above $1000

ekissane

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Quote from: yefi on May 18, 2016, 11:54:38 AM

Forget the 100BTC, the OP deserves a medal for being the most parsimonious poster on this forum. 52 posts in 5 years. That's some impressive restraint! Shocked

Not entirely parsimonious. I did sell 300 bitcoins back in September 2013 to help buy my house. If I had waited another couple of months I would have been able to buy a few houses outright. So, that is why I'm exercising some patience now.

zimmah

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Quote from: tss on February 08, 2015, 05:35:38 AM

Quote from: Spaceman_Spiff on February 08, 2015, 04:52:20 AM

Quote from: tss on February 07, 2015, 10:38:23 PM

how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?

dreamers dream big.. in total denial of how the world works.

Right, totally unpossible to go 50x in 5 years....

Dude, we went up more than that in 1 year !

yes but that happened in the growth and recognition stage. before it was even useful for anything. 10k for a pizza. we are way past that now. growth will be gradual not exponential.

the amount of users of bitcoin is still tiny.

it can (and most likely will) happen again.

the only time when bitcoin stops growing exponentially is when we are reaching a level where almost everyone already has bitcoin, so there's no room left for exponential growth.

we aren't even close to that stage yet.

and due to the nature of logarithmic scaling, we would most likely even grow FASTER than ever until we reach a critical point and than slow down in growth.

Pasttimeuftor

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Quote from: Hashminers on May 18, 2016, 02:20:56 PM

If the price rise to a higher amount there will be a small chance to do this with 100 bitcoins but from right now its not possible.
I also consider this as not possible but you of course never know what will happen with the bitcoin right ?

If the price doubles every year, it will be $8000 each, so 100 bitcoin is just worth around $800,000.

Hashminers

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If the price rise to a higher amount there will be a small chance to do this with 100 bitcoins but from right now its not possible.
I also consider this as not possible but you of course never know what will happen with the bitcoin right ?

co5hike

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Quote from: MaritiJames3 on May 18, 2016, 12:09:02 PM

No you will not be a millionaire in that year because I even think you need more bitcoins to achieve this in my eyes.
No one can also predict this by the way so that is also another reason.

Yeah its really difficult to predict what will be the price of bitcoin in future, even 10 btc would make you millionaire or even 100 btc would not be enough.

MaritiJames3

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No you will not be a millionaire in that year because I even think you need more bitcoins to achieve this in my eyes.
No one can also predict this by the way so that is also another reason.

yefi

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Forget the 100BTC, the OP deserves a medal for being the most parsimonious poster on this forum. 52 posts in 5 years. That's some impressive restraint! Shocked

JumperX

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Quote from: shane on May 18, 2016, 11:39:22 AM

Quote from: 2012 on May 11, 2016, 09:31:59 AM

Yeah i am quite sure 100 bitcoin worth to millionaire by 2020, i think it can go more higher than $10k because it is ready to go to mainstream.

hahaha but $10k it will never happen, for whatever reason I never would have believed if it can happen, even in the future.
$2k may be very pretty in 2020 to become a millionaire Grin

$2k is possible to achieve by that time but I don't think $10k will be the price in the year 2020, so stop dreaming and believe in reality and try to make efforts to collect as much you can.

shane

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Quote from: 2012 on May 11, 2016, 09:31:59 AM

Yeah i am quite sure 100 bitcoin worth to millionaire by 2020, i think it can go more higher than $10k because it is ready to go to mainstream.

hahaha but $10k it will never happen, for whatever reason I never would have believed if it can happen, even in the future.
$2k may be very pretty in 2020 to become a millionaire Grin

safari88

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Quote from: Hashminers on May 18, 2016, 04:10:08 AM

That means that the price is going to be 10 per BTC. It is possible but it is also way to soon to talk about that. we are 4 years away from 2020 and anything can happen in the mean time so let focus on the present and worry about the future when we are there.

I think if the price in 2020 was in $1000, was able to make 100 BTC to become a millionaire.
we have 4 years, should it be achieved, because maybe the next 4 years will be a lot of positive news about bitcoin which could make the price rise.

Ulloa

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The chance is not that high that you can be a millionaire with 100 Bitcoin in that time and that is because Bitcoin is a currency so it is really hard to predict what will happen.
But you need also some more Bitcoin for safe because it is now not even rising that fast.

Hashminers

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That means that the price is going to be 10 per BTC. It is possible but it is also way to soon to talk about that. we are 4 years away from 2020 and anything can happen in the mean time so let focus on the present and worry about the future when we are there.

mrhelpful

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Quote from: romero121 on May 14, 2016, 11:55:38 AM

Quote from: Pasttimeuftor on May 14, 2016, 11:17:28 AM

Quote from: Hyena on May 11, 2016, 09:39:47 AM

Actually, if you have 100 bitcoins you will be hundred-bitcoinnaire by 2020. Being a dollar millionaire won't make any sense because the dollar will be long gone by then.

2020 is just 4 years away. The US dollar will still be the world reserve currency. It is still the strongest currency.

Well when bitcoin becomes stronger dollar too becomes more strong. So as mentioned in terms of bitcoin one can but when calculated in terms of dollar nothing can be said in a exact manner as price variation occurs often.

I thought the purpose of bitcoin becoming strong is to move away from the fiat money lol.

But in order to be on the same level as of the dollar level, it would need to match its inflation.

elyas772

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Quote from: Mr.grin on May 17, 2016, 11:15:41 AM

Quote from: angaper on May 15, 2016, 06:15:34 PM

I think you have great chances to get millionaire because with 100 bitcoins you only would need a bitcoin price around $10000 to have a million, although to be realistic it seems almost impossible for the next four years.

you are right. but I guess the price of bitcoin will not be as high as it was in 2020, so you must have more than 100 BTC to become a millionaire, well maybe it was around 1000 BTC

should 100 BTC can become a millionaire in 2020, because my estimate at least we could go back to touch $1000 in 2020.

chaosknight

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Quote from: Mr.grin on May 17, 2016, 11:15:41 AM

Quote from: angaper on May 15, 2016, 06:15:34 PM

I think you have great chances to get millionaire because with 100 bitcoins you only would need a bitcoin price around $10000 to have a million, although to be realistic it seems almost impossible for the next four years.

you are right. but I guess the price of bitcoin will not be as high as it was in 2020, so you must have more than 100 BTC to become a millionaire, well maybe it was around 1000 BTC

Exactly, and the major issue is that we don't know what will be the price of bitcoin at that stage, but its good to collect as much as we can at this moment.

Mr.grin

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Quote from: angaper on May 15, 2016, 06:15:34 PM

I think you have great chances to get millionaire because with 100 bitcoins you only would need a bitcoin price around $10000 to have a million, although to be realistic it seems almost impossible for the next four years.

you are right. but I guess the price of bitcoin will not be as high as it was in 2020, so you must have more than 100 BTC to become a millionaire, well maybe it was around 1000 BTC

angaper

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I think you have great chances to get millionaire because with 100 bitcoins you only would need a bitcoin price around $10000 to have a million, although to be realistic it seems almost impossible for the next four years.

mtnsaa

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I think you have a shot only if the Yuan devalues and China goes on a Bitcoin/gold frenzy as some are predicting. For me it's a very long shot, like 1 in a million or so but if that happens, you will be a millionaire alright Wink

. That's in the short term.

In the long term, if everything keeps going well with BTC and it starts getting more popular and increasing in price each year as it happened since its inception, well I can definitely see prices for 1 BTC around 5-10k by 2030 or so, not sure if that sounds great to you but I think that's something more realistic (I would say you have 50-50 chances of that happening).

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