100 bitcoins. Will I be a millionaire by 2020? - page 3.

Nimbulan

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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.

i think that you actually might be, but only if bitcoin will still be so popular in future, and i think that it will be even more popular, so it's price will rise too, so that is possible

and if you will want to sell them then, well i don't think that it would be good idea as bitcoin then will be so popular that every store will accept it, so you would only lose some money by selling them

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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.

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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.

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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.

2012

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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.

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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.
[/quote
I do not know because I cannot look in to the future, if the bitcoin price is $10,000 then I guess you will be millionaire but I think that that chance is a bit small.

MaritiJames3

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No a millionaire, far from that you will maybe be rich but a millionaire is not gonna happen for sure.
You would need a lot more bitcoins to become a millionaire and its also not to predict these days.

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Quote from: Narosya on May 10, 2016, 09:11:34 AM

Quote from: ultimatesky on April 29, 2016, 03:19:04 PM

No I do not think you will be a millionaire by that year to be honest the amount is still too low in my eyes.
I think this maybe can be possible in about 10 years from now on.

It is more realistic for the price to be $100,000 in 10 years. I reckon the price will double each year in the next 5 to 10 years.

I wouldnt think so.. it took 5-6 years for bitcoin to come from nothing to a couple cents, to now $450 zone today.

And thats after all the hurdles it went through, so to say that it would mean theres a huge sense of new money coming from somewhere then.. which would only hit those value range.

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Quote from: ultimatesky on April 29, 2016, 03:19:04 PM

No I do not think you will be a millionaire by that year to be honest the amount is still too low in my eyes.
I think this maybe can be possible in about 10 years from now on.

Yeah you need to wait longer to become a millionaire with that amount as I don't think that price will reach to the moon in next 4 years.

Ye

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Quote from: ultimatesky on April 29, 2016, 03:19:04 PM

No I do not think you will be a millionaire by that year to be honest the amount is still too low in my eyes.
I think this maybe can be possible in about 10 years from now on.

It is more realistic for the price to be $100,000 in 10 years. I reckon the price will double each year in the next 5 to 10 years.

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No I do not think you will be a millionaire by that year to be honest the amount is still too low in my eyes.
I think this maybe can be possible in about 10 years from now on.

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Quote from: Farma on April 28, 2016, 10:36:44 AM

Quote from: btcltccoins on April 27, 2016, 12:27:49 AM

I think in 2020, it not possible what have you said, but if i will be happened it is great for specially those people who have a lot of bitcoins already.this time will be a great for everyone.

well, 100 BTC is not something a little. it can make you a millionaire when bitcoin prices are already above $ 2000, and if it actually happens, it may not be easy anymore bitcoin for get

In order for the owner of 100 bitcoin to be a dollar millinaire, the price for each bitcoin has to be $10,000.

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Quote from: btcltccoins on April 27, 2016, 12:27:49 AM

I think in 2020, it not possible what have you said, but if i will be happened it is great for specially those people who have a lot of bitcoins already.this time will be a great for everyone.

well, 100 BTC is not something a little. it can make you a millionaire when bitcoin prices are already above $ 2000, and if it actually happens, it may not be easy anymore bitcoin for get

BitcoinPC

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Quote from: btcltccoins on April 27, 2016, 12:27:49 AM

I think in 2020, it not possible what have you said, but if i will be happened it is great for specially those people who have a lot of bitcoins already.this time will be a great for everyone.

If you keep on saving the coins and do not spent it till 2020, you will have a great chance of becoming a millionaire with bitcoins.Also it is the fact that Bitcoins price will keep on raising till 2021.

LMGTFY

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Quote from: Denker on April 28, 2016, 08:39:15 AM

Quote from: LMGTFY on April 28, 2016, 05:35:23 AM

The last halving was in November 2012.

Between September 2011 and September 2012 price (BTC/USD on Bitstamp) changed by +105% (i.e. it doubled).
Between September 2012 and September 2013 price changed by +1040%.
Between September 2013 and September 2014 price changed by +240%.
Between September 2014 and September 2015 price changed by -46%.

On average, price changed annually in that 4-year period by +335%, but that's not the point - the point is that doubling (or even significant price increases) has not been restricted to halving years.

Ok so lets's assume we will make another 50% gain this year the price would be ~$675.
If we could gain 50% every year for the next 4 years this would bring us to a price of $3417,18/BTC. (675 * 1,5^4 = 3417,18)
This won't make OP a millionaire but definitely is a nice amount of money I would say.

Definitely! Past performance is obviously no guarantee for the future, and I can certainly imagine that the annual quadrupling we've seen on average might be reduced significantly, but even "moderate" annual rises would result in fantastic prices in 2020.

(In most any other market talking about 50% annual rises year on year would be ludicrous... we're talking about it as a realistic possibility, one that's not as impressive as the past!)

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Quote from: LMGTFY on April 28, 2016, 05:35:23 AM

Quote from: ricardobs on April 28, 2016, 05:19:37 AM

Quote from: rosh on April 25, 2016, 07:40:44 PM

Quote from: Narosya on April 25, 2016, 02:42:38 PM

If the price doubles every year, the price could be $6000 in 2020. With 100 bitcoin, you will be worth $0.6 million.

Doubling every year is hoping too much.
Somebody offering those returns would be called a ponzi operator. Tongue

The price will not double every year , the doubling of price of bitcoin occurs only in the halving and after that a slight and regular increase will occur in the price of bitcoin with the passage of time, so with 100 BTC we can not be millionaire in quick time.

The last halving was in November 2012.

Between September 2011 and September 2012 price (BTC/USD on Bitstamp) changed by +105% (i.e. it doubled).
Between September 2012 and September 2013 price changed by +1040%.
Between September 2013 and September 2014 price changed by +240%.
Between September 2014 and September 2015 price changed by -46%.

On average, price changed annually in that 4-year period by +335%, but that's not the point - the point is that doubling (or even significant price increases) has not been restricted to halving years.

Ok so lets's assume we will make another 50% gain this year the price would be ~$675.
If we could gain 50% every year for the next 4 years this would bring us to a price of $3417,18/BTC. (675 * 1,5^4 = 3417,18)
This won't make OP a millionaire but definitely is a nice amount of money I would say.

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Quote from: MaritiJames3 on April 26, 2016, 03:39:51 AM

If the Bitcoin price is at $10,000 at that point in time you will be a millionaire. But the price will not be that high so soon the price difference between now and what you want it to be then is just to big. It will never rise that fast with in a couple of years.

Yes it is impossible for the Bitcoin to reach that much price in 2020, at that year the price will be around $1000 and maybe it reach to $10,000 in the next 20 years after that we will be millionaire.

LMGTFY

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Quote from: ricardobs on April 28, 2016, 05:19:37 AM

Quote from: rosh on April 25, 2016, 07:40:44 PM

Quote from: Narosya on April 25, 2016, 02:42:38 PM

If the price doubles every year, the price could be $6000 in 2020. With 100 bitcoin, you will be worth $0.6 million.

Doubling every year is hoping too much.
Somebody offering those returns would be called a ponzi operator. Tongue

The price will not double every year , the doubling of price of bitcoin occurs only in the halving and after that a slight and regular increase will occur in the price of bitcoin with the passage of time, so with 100 BTC we can not be millionaire in quick time.

The last halving was in November 2012.

Between September 2011 and September 2012 price (BTC/USD on Bitstamp) changed by +105% (i.e. it doubled).
Between September 2012 and September 2013 price changed by +1040%.
Between September 2013 and September 2014 price changed by +240%.
Between September 2014 and September 2015 price changed by -46%.

On average, price changed annually in that 4-year period by +335%, but that's not the point - the point is that doubling (or even significant price increases) has not been restricted to halving years.

ricardobs

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Quote from: rosh on April 25, 2016, 07:40:44 PM

Quote from: Narosya on April 25, 2016, 02:42:38 PM

If the price doubles every year, the price could be $6000 in 2020. With 100 bitcoin, you will be worth $0.6 million.

Doubling every year is hoping too much.
Somebody offering those returns would be called a ponzi operator. Tongue

The price will not double every year , the doubling of price of bitcoin occurs only in the halving and after that a slight and regular increase will occur in the price of bitcoin with the passage of time, so with 100 BTC we can not be millionaire in quick time.

lexuz

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Quote from: upsidedown75 on April 27, 2016, 11:55:43 AM

Quote from: Piltover on April 25, 2016, 04:30:45 PM

I think you will not be a millionaire in that year, maybe it could happen if the price would rise to a even higher amount.
2020 will be a good year in my prediction, there is even a chance that there will be another halving in that year, so maybe if you are lucky you can get pretty rich but not a millionaire in that year.

I think 100 BTC will not be enough in that year to be millionaire in 2020, as according to my views at that time one bitcoin will be worth about $2000 then 100 bitcoins will be about $200000, so not a million dollar, and so not a millionaire the person holding them.

yeah, you will not become a millionaire but get 400% profit only in 4 year, not bad. where you can find investment give you a profit 100% in one year but if all of that come true like you said Wink

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