100 bitcoins. Will I be a millionaire by 2020? - page 5.

MingLee

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Quote from: pateda on March 30, 2016, 04:01:06 PM

Quote from: Zaun on March 30, 2016, 09:18:36 AM

The bitcoin will be worth a lot in that year but not such a lot if I'm honest I think it will be around the 1,5k dollar price and not higher.
The 100 bitcoins is worth a lot in that year but the fact is that the bitcoin needs to be worth a lot more to do make you a millionaire.

i think, price bitcoin 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.

Basically he's hoping for a minimum $10,000/BTC.

Not going to lie, that is a ballsy choice and I'm not sure if it would work out for him, but it might be possible if some miracles happen in the next 4 years.

richardsNY

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Quote from: pateda on March 30, 2016, 04:01:06 PM

Quote from: Zaun on March 30, 2016, 09:18:36 AM

The bitcoin will be worth a lot in that year but not such a lot if I'm honest I think it will be around the 1,5k dollar price and not higher.
The 100 bitcoins is worth a lot in that year but the fact is that the bitcoin needs to be worth a lot more to do make you a millionaire.

i think, price bitcoin 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.

We can definitely reach very high price levels, but for that to happen we need institutional investors on board. They will bring multi millions of fresh money to the Bitcoin market. If plenty of these high level investors start investing in Bitcoin, then you'll see what happens with the price.

pateda

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Quote from: Zaun on March 30, 2016, 09:18:36 AM

The bitcoin will be worth a lot in that year but not such a lot if I'm honest I think it will be around the 1,5k dollar price and not higher.
The 100 bitcoins is worth a lot in that year but the fact is that the bitcoin needs to be worth a lot more to do make you a millionaire.

i think, price bitcoin 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.

Zaun

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The bitcoin will be worth a lot in that year but not such a lot if I'm honest I think it will be around the 1,5k dollar price and not higher.
The 100 bitcoins is worth a lot in that year but the fact is that the bitcoin needs to be worth a lot more to do make you a millionaire.

BTCLovingDude

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100 bitcoin by the year 2020 is going to be worth a lot of money but i don't think it will be worth as much as you might like and will not make anybody a millionaire.

Dr.Osh

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if I think now, maybe yes, maybe not. you'll be a millionaire by 100btc if bitcoin prices are very high in 2020 but if the price drops, you're probably going to lose, but do not worry bitcoin prices will surely rise. but 100btc probably will not make you a millionaire in 2020

benmartin613

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Quote from: torrentheaven on March 30, 2016, 05:35:56 AM

Quote from: YoonYeonghwa on March 30, 2016, 05:20:28 AM

Yep, definitely possible. HOWEVER, bitcoin might be worth nothing by 2020, replaced by some altcoin or something, so you might become a millionaire but you also might be penniless online.

No he need to wait long to become an millionaire as I don't think that price will be too high by the time of 2020 but if you hold 1000 btc then you can be millionaire for sure Grin

Maybe the price will reach 1000$ by 2020 but no one really know may the price of bitcoin will just be 600-700 by 2020.

torrentheaven

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Quote from: YoonYeonghwa on March 30, 2016, 05:20:28 AM

Yep, definitely possible. HOWEVER, bitcoin might be worth nothing by 2020, replaced by some altcoin or something, so you might become a millionaire but you also might be penniless online.

No he need to wait long to become an millionaire as I don't think that price will be too high by the time of 2020 but if you hold 1000 btc then you can be millionaire for sure Grin

YoonYeonghwa

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Yep, definitely possible. HOWEVER, bitcoin might be worth nothing by 2020, replaced by some altcoin or something, so you might become a millionaire but you also might be penniless online.

Newcoins2020

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Quote from: haileysantos95 on March 30, 2016, 04:39:46 AM

Quote from: martinacar on March 30, 2016, 04:28:06 AM

No you will not be a millionaire by that time, the bitcoin will not be at a really high amount by that time, so no.
Also the fact is that the bitcoin itself if it would be around 5k you will even not be a millionaire because than you would make around the 500k.

Yes having 100 bitcoin make you a millionaire by 2020 as the price of bitcoin wont be that high to give you millions of dollar,what happen a few years back wont happen again.

Of course you will not be a millionaire by that time, its just too early there is not a lot of time to do this if you ask me so that is easy if you ask me right ?
I must say 100 bitcoins is pretty much but still not enough to be a millionaire, maybe with some luck its possible in 10 years or something.

haileysantos95

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Quote from: martinacar on March 30, 2016, 04:28:06 AM

No you will not be a millionaire by that time, the bitcoin will not be at a really high amount by that time, so no.
Also the fact is that the bitcoin itself if it would be around 5k you will even not be a millionaire because than you would make around the 500k.

Yes having 100 bitcoin make you a millionaire by 2020 as the price of bitcoin wont be that high to give you millions of dollar,what happen a few years back wont happen again.

martinacar

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No you will not be a millionaire by that time, the bitcoin will not be at a really high amount by that time, so no.
Also the fact is that the bitcoin itself if it would be around 5k you will even not be a millionaire because than you would make around the 500k.

DashCoinDark

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It is very hard to say what is going to happen with Bitcoin in 2020, some people say that Bitcoin will no more exist in the future and some of you say that Bitcoin will have a perfect future later, so you never know what will happen.
I personally think that it is not possible, because if that must be possible the value must rise a very long time and that is not the case now...

HarryKPeters

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No I do not think you will be a millionaire although I think you would be pretty rich because if the bitcoin will be worth 5k around 2020 you would make around the 500k right ?
So it would make you rich but not a millionaire, maybe in the future in about 20 years it could be possible although I highly doubt about that because you will never know what will happen with the bitcoin.
Maybe the bitcoin is even collapsed or disappeared by that time, its not to predict!

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Quote from: Olaf on March 29, 2016, 02:16:57 PM

Quote from: lister storm on March 29, 2016, 12:31:32 PM

Quote from: arvis on March 29, 2016, 11:00:17 AM

Quote from: virasog on March 27, 2016, 02:53:52 AM

No possible in 2020. Maybe in 2026 you can be a millionaire when the price is over $10,000 each.

Not possible with 2 block reward halvings?
I will keep my fingers crossed.

i still doubt that it will be possible, for this to happen you will surely have to wait for a few decades at least to be honest

besides that i think that its a better thing to just buy some more coins and make more money than just wait for big increase

I know right.. all this millionaire talk is a bit absurd.

We have to 100 btcs regardless if the value goes up or not. So to those who are saying yes, how will you obtain 100 btcs lol.

it's very difficult to accumulate around 100 bitcoins nowadays. people with a good eye for potential investment gems have been collecting bitcoin when the price was far below the $100 price level. these people will be and have been rewarded greatly for their trust and patience in bitcoin. the only thing people can do nowadays is trying to generate and buy as many coins as they can and save them up till they have a decent amount.

Olaf

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Quote from: lister storm on March 29, 2016, 12:31:32 PM

Quote from: arvis on March 29, 2016, 11:00:17 AM

Quote from: virasog on March 27, 2016, 02:53:52 AM

No possible in 2020. Maybe in 2026 you can be a millionaire when the price is over $10,000 each.

Not possible with 2 block reward halvings?
I will keep my fingers crossed.

i still doubt that it will be possible, for this to happen you will surely have to wait for a few decades at least to be honest

besides that i think that its a better thing to just buy some more coins and make more money than just wait for big increase

I know right.. all this millionaire talk is a bit absurd.

We have to 100 btcs regardless if the value goes up or not. So to those who are saying yes, how will you obtain 100 btcs lol.

lister storm

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Quote from: arvis on March 29, 2016, 11:00:17 AM

Quote from: virasog on March 27, 2016, 02:53:52 AM

No possible in 2020. Maybe in 2026 you can be a millionaire when the price is over $10,000 each.

Not possible with 2 block reward halvings?
I will keep my fingers crossed.

i still doubt that it will be possible, for this to happen you will surely have to wait for a few decades at least to be honest

besides that i think that its a better thing to just buy some more coins and make more money than just wait for big increase

arvis

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Quote from: virasog on March 27, 2016, 02:53:52 AM

No possible in 2020. Maybe in 2026 you can be a millionaire when the price is over $10,000 each.

Not possible with 2 block reward halvings?
I will keep my fingers crossed.

virasog

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No possible in 2020. Maybe in 2026 you can be a millionaire when the price is over $10,000 each.

Mr. Big

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Quote from: DavidoAlto on March 24, 2016, 12:02:23 PM

It is hard to say. But I dont think that will happen, because you can see that the value is not even rising and that will be really bad for the halving.
Or you have to be lucky to let that happen, but the chance is very small, and most people think that the value will be not high anymore.

You can be a millionaire with 100 coins even with its price right now in 2020...But, not in USD..some other currency are pretty much low value compared to USD.. BUt anyway, back to the topic, it is impossible if we are talking about bitcoin to USD.. price needs to reach five digits before a 100 bitcoin become $1million USD..

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