100 bitcoins. Will I be a millionaire by 2020? - page 9.

Pasttimeuftor

newbie

Activity: 32

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Quote from: romjpn on December 14, 2015, 03:38:31 AM

Quote from: Whosdaddy on December 14, 2015, 01:55:06 AM

Quote from: CryptoBjorn on December 13, 2015, 02:39:03 PM

Quote from: jokerboy on December 11, 2015, 07:26:44 AM

I don't think that bitcoin will be 10000 $ in 2020s but it could be 2000 - 3000$.

Well we never can tell what will happen with bitcoin by then. 2000 -3000 dollars is also a good amount of money.
I am just hoping as a minimum 5000 dollars or more.

I'm completely different from you. By 2020 only one bitcoin is more than enough to become millionaire. I believe in bitcoin's growth in exponential manner. So, bitcoin will be hitting $10k mark by end of 2016, then 2020 would be year we can see bitcoin will be hitting one millions mark.

It's a bit too optimistic. A realistic optimistic price speculation is 10k$ by 2020 IMHO and that would make a lot of people happy (including me).
100 BTC is definitely a good position (a good bet ?) for the future.

If the price reaches $10k by 2020, 100 bitcoin is worth $1 million. I suggest anybody with the ability to buy 100 bitcoin do that.

avw1982

hero member

Activity: 644

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Quote from: BitAurum on December 10, 2015, 09:29:34 AM

Short answer is maybe. If bitcoin becomes widely used by the masses the price will need to increase a lot. Still not enough to make you a millionaire.

Not may be and all. For sure It Will reach some remarkable value before 2020 itself. everyday Bitcoin getting familiar with the common people of the world. many company now start to use bitcoin. and they made bitcoin as payable medium So Bitcoin Will reach its height. 2020 millionaire for sure.

romjpn

full member

Activity: 193

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Quote from: Whosdaddy on December 14, 2015, 01:55:06 AM

Quote from: CryptoBjorn on December 13, 2015, 02:39:03 PM

Quote from: jokerboy on December 11, 2015, 07:26:44 AM

I don't think that bitcoin will be 10000 $ in 2020s but it could be 2000 - 3000$.

Well we never can tell what will happen with bitcoin by then. 2000 -3000 dollars is also a good amount of money.
I am just hoping as a minimum 5000 dollars or more.

I'm completely different from you. By 2020 only one bitcoin is more than enough to become millionaire. I believe in bitcoin's growth in exponential manner. So, bitcoin will be hitting $10k mark by end of 2016, then 2020 would be year we can see bitcoin will be hitting one millions mark.

It's a bit too optimistic. A realistic optimistic price speculation is 10k$ by 2020 IMHO and that would make a lot of people happy (including me).
100 BTC is definitely a good position (a good bet ?) for the future.

USB-S

sr. member

Activity: 574

Merit: 250

In XEM we trust

Quote from: Wilhelm on November 29, 2015, 07:33:33 AM

Don't underestimate greed. A bubble will happen again....

Given that there has been 4 bubbles in the past 5 years. We'd have at least 2 bubbles the next five.

Pierre 2

legendary

Activity: 2436

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I will always hold couple of bitcoins even if it crashes down to $1.
And I know there are tonnes of people like me.
That means, bitcoin will always be around with better prices over years.
I don't think 1 btc will make us millionaire at around 2020 but I believe it may really do in 2080s.

Whosdaddy

hero member

Activity: 1148

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Quote from: CryptoBjorn on December 13, 2015, 02:39:03 PM

Quote from: jokerboy on December 11, 2015, 07:26:44 AM

I don't think that bitcoin will be 10000 $ in 2020s but it could be 2000 - 3000$.

Well we never can tell what will happen with bitcoin by then. 2000 -3000 dollars is also a good amount of money.
I am just hoping as a minimum 5000 dollars or more.

I'm completely different from you. By 2020 only one bitcoin is more than enough to become millionaire. I believe in bitcoin's growth in exponential manner. So, bitcoin will be hitting $10k mark by end of 2016, then 2020 would be year we can see bitcoin will be hitting one millions mark.

CryptoBjorn

hero member

Activity: 714

Merit: 500

Quote from: jokerboy on December 11, 2015, 07:26:44 AM

I don't think that bitcoin will be 10000 $ in 2020s but it could be 2000 - 3000$.

Well we never can tell what will happen with bitcoin by then. 2000 -3000 dollars is also a good amount of money.
I am just hoping as a minimum 5000 dollars or more.

Patel

legendary

Activity: 1321

Merit: 1007

I think some of you are underestimating how little of a capital injection is needed to have the price hit $4-5k for an asset that can't be printed at will like fiat can.

Even if 1 bank put a small allocation into bitcoin, the price would increase by a few hundred.

jokerboy

sr. member

Activity: 266

Merit: 250

I don't think that bitcoin will be 10000 $ in 2020s but it could be 2000 - 3000$.

nichu

full member

Activity: 154

Merit: 100

Quote from: ekissane on December 10, 2015, 08:16:49 AM

I'm still quietly confident I will be a millionaire. And by 2030 I'll be a multimillionaire. Only then I hope I'm not too old to enjoy it!

hope u will live longer Grin

. what ever the trend is i will enjoy every bit of it

spartacusrex

hero member

Activity: 718

Merit: 545

Just for fun.

What's the market cap of physical GOLD ?

Sorry, these number are a bit old/hack, but i think they're in the right ball park.

http://www.bbc.co.uk/news/magazine-21969100

So, let's say, with time added, 200,000 tonnes of gold.

https://en.wikipedia.org/wiki/Gold_reserve

At a price of US$1,500 per troy ounce, one tonne of gold has a value of approximately US$48.2 million.

So, 50 mil * 200,000 = 10 Trillion. For all the GOLD in the world.

10 Tril / 21mil is 'roughly' 0.5mil per coin.

1 BTC = $500,000

Of course, I'm not saying that Bitcoin will be as big as Gold.. Could be bigger - LOL.

DixieCrayon

member

Activity: 68

Merit: 10

I don't think so. I think you'll need at least 1000 bitcoins to become a millionaire by 2020.
It also depends on the value of bitcoin of that time.

maudevang

sr. member

Activity: 350

Merit: 250

Well they are a lot of people that have 100BTC I doubt that you will be millionair.
The wales have a lot of bitcoins and if 100BTC is 1 million than they are just more than a billionair.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: Wilhelm on November 29, 2015, 07:33:33 AM

Don't underestimate greed. A bubble will happen again....

Yep, talk about fundamentals is a bit of a joke really when companies with no profits, no revenue and even no assets are valued more highly. About the only fundamental requirement is for the gateways to be wide enough to handle the cash<->btc exchange.

BitAurum

sr. member

Activity: 318

Merit: 250

Quote from: newcoins1978 on December 10, 2015, 09:44:20 AM

Quote from: BitAurum on December 10, 2015, 09:29:34 AM

Short answer is maybe. If bitcoin becomes widely used by the masses the price will need to increase a lot. Still not enough to make you a millionaire.

Yeah that is why I am hoping that in 2016 a lot of people will use it and the new generation.
Like student they can use bitcoin to pay there things you can earn a lot with bitcointalk campaign or other things.

2016 is too early for bitcoin to be used by the new generation. I was hoping more like 2020 still who knows what can happen.

newcoins1978

sr. member

Activity: 406

Merit: 250

Quote from: BitAurum on December 10, 2015, 09:29:34 AM

Short answer is maybe. If bitcoin becomes widely used by the masses the price will need to increase a lot. Still not enough to make you a millionaire.

Yeah that is why I am hoping that in 2016 a lot of people will use it and the new generation.
Like student they can use bitcoin to pay there things you can earn a lot with bitcointalk campaign or other things.

BitAurum

sr. member

Activity: 318

Merit: 250

Short answer is maybe. If bitcoin becomes widely used by the masses the price will need to increase a lot. Still not enough to make you a millionaire.

ekissane

member

Activity: 65

Merit: 10

I'm still quietly confident I will be a millionaire. And by 2030 I'll be a multimillionaire. Only then I hope I'm not too old to enjoy it!

uki

legendary

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Merit: 1000

cryptojunk bag holder

Quote from: Amph on November 29, 2015, 06:50:19 AM

Quote from: uki on November 29, 2015, 05:42:55 AM

Quote from: Amph on November 29, 2015, 04:05:44 AM

10k a coin is = around x28 current price = around 140B marketcap, how this is not sustainable, still a very tiny marketcap if you ask me

That price requires much broader adoption than what we have nowadays in order to be sustainable. I am not sure based on what you draw the conclusion that such pricing is realistic (or even a bit undervalued if I read your post well). It is actually much harder to move the price from sub $1 to $100 than from $100 to $10k, although each time it is a 100-fold increase. Bitcoin would need much broader user base and more fundamental developments (e.g., ETFs, etc.) to support that. Otherwise we talk about one off speculation event similar to the Mt.Gox in the end of 2013.

we moved the price from 100 to 1200 in no time, so i'm not really in agreement on this, if there are there right people behind the pump it can increase easily

if you add to this the right adoption 10k does not look so hard to achieve, and certainly not the final target of bitcoin

yes, we moved from $100 to $1.2k in no time, but here we are talking about the movement from the low $200 to $10k. That is nearly 50-fold, compared to a 12-fold move that was driven mostly by the Mt. Gox bots. Big pump group? well, a very big one then. I am not saying it is impossible, but I don't see it very realistic, unless something really fundamental happens in terms of Bitcoin adoption. And I haven't seen much changes when it comes to Bitcoin adoption, pretty much since the Mt. Gox crash. Still long way to 2020, so you can't completely rule it out. People in this forum tend to exaggerate a lot whenever we have a positive spell of price action, but that is not very representative to the status of Bitcoin outside of this forum.

TQMA

jr. member

Activity: 59

Merit: 100

Bitcoin is the currency of resistance.

It would be sensible simply around $1000, a lot has been done but there is still a lot to do..

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