Topic: 100 bitcoins. Will I be a millionaire by 2020? - page 28. (Read 77417 times)
100 bitcoin ..!!!! a dream to me.!!! Surely if one get 100 bitcoins then he would definitely be a millionaire
You are buying your future wealth right now for a fraction of its price 
I think a market cap of 8-20 billion is appropriate for the current market ($380-$952 BTC). I think if paypal/ebay/amazon start accepting it, you could make the case for an 80 billion dollar market cap ($3,800 BTC). If investors begin to embrace the coming ETF and companies like Walmart start accepting it, you could probably make a case for a 200 billion dollar market cap ($9,500 BTC). If small countries start using it as their national currency and organizations like OPEC use it to price their products, you could see >400 billion dollar market cap (>$19,000 BTC). I personally think it will continue to grow until it settles in somewhere around an 80 billion dollar market cap for a while. My $0.02.
I posted this about a year ago, but I think it is still relevant.
yeah, if we will overcome (or not) the current fight re blocksize.
I think a market cap of 8-20 billion is appropriate for the current market ($380-$952 BTC). I think if paypal/ebay/amazon start accepting it, you could make the case for an 80 billion dollar market cap ($3,800 BTC). If investors begin to embrace the coming ETF and companies like Walmart start accepting it, you could probably make a case for a 200 billion dollar market cap ($9,500 BTC). If small countries start using it as their national currency and organizations like OPEC use it to price their products, you could see >400 billion dollar market cap (>$19,000 BTC). I personally think it will continue to grow until it settles in somewhere around an 80 billion dollar market cap for a while. My $0.02.
I posted this about a year ago, but I think it is still relevant.
Do you have anything to give credence to you thoughts?
No one ever does that. It would be nice once in a while to have some properly reasoned replies in either direction but I think it's beyond the means of most.
honestly i don't think we can reach prices above $10000 by 2020 so you can be a millionaire by 2020 by holding 100 BTC.
i think the bitcoin price is going to be much more that what it is right now but to reach a ridiculously high price i think it is not possible. and i personally prefer to do different stuff with my money rather than keeping it hold up in somewhere and not spending it.
i think the bitcoin price is going to be much more that what it is right now but to reach a ridiculously high price i think it is not possible. and i personally prefer to do different stuff with my money rather than keeping it hold up in somewhere and not spending it.
Do you have anything to give credence to you thoughts?
I think you're wrong because:
https://bitcointalksearch.org/topic/chart-bitcoin-inflation-vs-time-130619
https://bitcointalksearch.org/topic/500000-per-bitcoin-baby-the-math-behind-it-720179
https://bitcointalksearch.org/topic/500000-per-bitcoin-baby-the-math-behind-it-720179
honestly i don't think we can reach prices above $10000 by 2020 so you can be a millionaire by 2020 by holding 100 BTC.
i think the bitcoin price is going to be much more that what it is right now but to reach a ridiculously high price i think it is not possible. and i personally prefer to do different stuff with my money rather than keeping it hold up in somewhere and not spending it.
i think the bitcoin price is going to be much more that what it is right now but to reach a ridiculously high price i think it is not possible. and i personally prefer to do different stuff with my money rather than keeping it hold up in somewhere and not spending it.
maybe yes if the price goes to $10.000 we never know what happen to the next 5 year and if you so sure for this hold you bitcoin until 2020
and see what happen in that year...
and see what happen in that year...
I don't want to pop your bubble but you will not be a millionaire from just 100btc OP but you obviously have a chance to get $100k Now get saving for 1000butcoins and then you have a nice chance at breaking $1million if that is your desire to break $1million I personally could not care less lol
good advice
It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
You need 800 coins. See the discussion here: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.
Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.
Similar to going to a casino going all-in and losing on one hand.
I wouldnt even try to gamble period. But thats just me.
Martingale is a failed concept, youre trying to beat the houses bankroll. And getting 7 losing streaks happen quite often which is why it wont work.
It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
You need 800 coins. See the discussion here: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.
Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.
Similar to going to a casino going all-in and losing on one hand.
It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
You need 800 coins. See the discussion here: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.
Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.
Similar to going to a casino going all-in and losing on one hand.
It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
You need 800 coins. See the discussion here: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.
It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
You need 800 coins. See the discussion here: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)
Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).
What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.
The short answer: yes, You will be very rich and a millionaire with 100 Bitcoins in year 2020.
In most of US, $1 mil is not a level where you can call yourself rich due to high prices of RE and low bond yields.
Right now, "rich" is probably at or above $5 mil (levels allowing for ~$200 thou/year income with low risk)
You need 800 coins. See the discussion here: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)
What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.
The short answer: yes, You will be very rich and a millionaire with 100 Bitcoins in year 2020.
as Satoshi said, you will either be a millionaire or have nothing by 2020
(you can easily find the quote)
(you can easily find the quote)
when satoshi said like that? i dont know really.
if like satoshi said, 2020 is our real gamble tobe a millionaire or bummer???
5 years is a lot of time for most investors. Most people here will have sold by them after too many temptations, specially as soon as we approach ATH again, everyone and their mother will sell, and then a few will make it into the 1% of guys that hold until 5 figures are a reality.
I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $5,000 to $10,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have with you. 500k +
I agree except that all that will only take 5 years.
I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $5,000 to $10,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have with you. 500k +
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