How many BTC will make you a fiat millionaire in 5 years? - page 14.

uname

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Quote from: Barbut on November 14, 2016, 01:24:07 PM

Reasonable is too assume that price will be between 1000 and 2000 $ for 5 years. After that calculation is simple, between 500 and 1000 bitcoins will make someone a fiat millionaire.
That is a safe bet in my gambler opinion, only surprise can be that price goes above 2000 $ in 5 years, well halving is for 4 who knows what can happen for 5.

I think you just need to gather at least 100-500 BTC and wait a few years, maybe 5-10 years and you will find bitcoin prices are very high, and you could become a millionaire dude

berserkinterbuy

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Quote from: Positid on November 15, 2016, 07:51:17 AM

Quote from: katrimans on November 15, 2016, 04:39:56 AM

Quote from: BitcoinPanther on November 14, 2016, 09:51:42 PM

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC. So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

The real catch must be how it could be sure that bitcoin will reach $2000 in next five years. In next five years bitcoin will have one more halving, so the demand will increase but people should not damp on seeing higher price levels.
Only demand will not help bitcoin to reach higher prices, there must be enough business/spending opportunities to keep on circulating bitcoins so that bitcoin will have huge prices like $2000.

Dude, there no impossible in the bitcoin world, the price of bitcoin moves base on the trust of the people. When people trust it will create demand and you have to understand that the future is uncertain and we are just betting on the price of bitcoin to increase.

The current price is $700+ and it is a doubled price for this year and if this will continue in 5 years we might even hit more than $2,000.

Maybe it will be so, but only if again what that emergency situation, for example Bitfinex, does not make bitcoin exchange rate again fall on a couple of levels. Although today's high price will not name, yet she pleases for stability.

d-trixx

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Quote from: goldenchip on November 15, 2016, 07:56:11 AM

In 5 years, I think 100-500 would be nice. If you consider that Bitcoin is expanding faster than ever, and the network becomes more stable year after year, perhaps this amount of Bitcoins will be more than enough.

Very strong dreams or even the desire to get a million. I do think that it is not less than 1000 need to have to become a millionaire. Though if all the forecasts carried out, then anything is possible.

goldenchip

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In 5 years, I think 100-500 would be nice. If you consider that Bitcoin is expanding faster than ever, and the network becomes more stable year after year, perhaps this amount of Bitcoins will be more than enough.

Positid

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Quote from: katrimans on November 15, 2016, 04:39:56 AM

Quote from: BitcoinPanther on November 14, 2016, 09:51:42 PM

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC. So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

The real catch must be how it could be sure that bitcoin will reach $2000 in next five years. In next five years bitcoin will have one more halving, so the demand will increase but people should not damp on seeing higher price levels.
Only demand will not help bitcoin to reach higher prices, there must be enough business/spending opportunities to keep on circulating bitcoins so that bitcoin will have huge prices like $2000.

Dude, there no impossible in the bitcoin world, the price of bitcoin moves base on the trust of the people. When people trust it will create demand and you have to understand that the future is uncertain and we are just betting on the price of bitcoin to increase.

The current price is $700+ and it is a doubled price for this year and if this will continue in 5 years we might even hit more than $2,000.

katrimans

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Quote from: BitcoinPanther on November 14, 2016, 09:51:42 PM

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC. So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

The real catch must be how it could be sure that bitcoin will reach $2000 in next five years. In next five years bitcoin will have one more halving, so the demand will increase but people should not damp on seeing higher price levels.
Only demand will not help bitcoin to reach higher prices, there must be enough business/spending opportunities to keep on circulating bitcoins so that bitcoin will have huge prices like $2000.

arseaboy

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Quote from: BitcoinPanther on November 14, 2016, 09:51:42 PM

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC. So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

I believe that everyone of us here in bitcoin community are hoping that this would make it possible.. yeah only time will tell and as early as now we have to get a hold of our bitcoins and just wait until the price comes up. Looking forward to it.

BitcoinPanther

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Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC. So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

Barbut

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Reasonable is too assume that price will be between 1000 and 2000 $ for 5 years. After that calculation is simple, between 500 and 1000 bitcoins will make someone a fiat millionaire.
That is a safe bet in my gambler opinion, only surprise can be that price goes above 2000 $ in 5 years, well halving is for 4 who knows what can happen for 5.

chesatochi

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Quote from: talkbitcoin on November 13, 2016, 10:54:34 AM

some speculations about this time frame which is 5 years say that bitcoin price will be around 4 to 5 thousand dollars and that is the speculation that i mostly agree with because of the way bitcoin has been rising.

so if we say price is $5000 then to be a millionaire you have to at least have a couple of mil, in that case you need more than 1000BTC to begin to be a millionaire.

I think if the price reach 5000$ for each bitcoin in 5 years you will you get at least 1000 into your wallet. You will be 5 times millionaires Wink

. That would be very cool if the price can reach that price, but only the time will tell, no one can truly predict the price.

I have hope that the Bitcoin will have a bright and strong future.

talkbitcoin

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some speculations about this time frame which is 5 years say that bitcoin price will be around 4 to 5 thousand dollars and that is the speculation that i mostly agree with because of the way bitcoin has been rising.

so if we say price is $5000 then to be a millionaire you have to at least have a couple of mil, in that case you need more than 1000BTC to begin to be a millionaire.

Dudeperfect

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To be honest we can get almost as number of predictions as much as the number of Bitcointalk community members. I personally think that 1,000 BTC is enough to become a millionaire as far as period of next 5 years is concerned. We will see many people around us will be using bitcoin along with other crypto currencies and thus it would bring dramatic impact on the price of bitcoin.

Wandering Soul~

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No one knows what the price will be so just to be safe, I think you need more than a thousand bitcoins in order to be a millionaire.

But it is without a doubt that bitcoins price will exceed our expectations in the near future.

Betwrong

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Quote from: bitsmichel on December 19, 2015, 07:51:00 AM

How many BTC will make you a fiat millionaire ($) in 5 years? Why?

Voted 100-500 because I really think that it's pretty possible that in 5 years Bitcoin will be around $10,000. I'm not saying it will happen soon. In fact I'm almost sure it won't happen in 2 years. But in 5 years many things could change and one of those things is Bitcoin's adoption. The price will rise due to higher adoption, the only question is how much will it rise?

transabox

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Quote from: ronaldo40 on November 13, 2016, 05:12:46 AM

we still need a lot around 500-1000 BTC to become a millionaire. because in my opinion, the price is hard to rise very high above $5k. we might be able to predict the price of bitcoin will always be in the range of $1k-$2k to the highest point.

I also think that this will be enough. But there is no guarantee, no one can guess what will Bitcoin. We can only wait

ronaldo40

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we still need a lot around 500-1000 BTC to become a millionaire. because in my opinion, the price is hard to rise very high above $5k. we might be able to predict the price of bitcoin will always be in the range of $1k-$2k to the highest point.

irsykes

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25-50 maybe , but who don't know what will happen in future bitcoin price will be so high or maybe crash

Shiroslullaby

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1000 x $1000 = 1 million.
So that's my vote.
5 years from now I can see the price of BTC being in the $1000-1200 range.

Qunenin

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First of all, it depend on bitcoin price, if bitcoin price continuously rising than no problem to make millionaire. And also it depend on your bitcoin number, I mean who many bitcoins you have it and how can you use it and earn a huge amount from it. But in my view, should have 500 to 1000 bitcoins need to make millionaire within 5 years.

Aamir1

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Quote from: Pwerd on November 12, 2016, 12:19:29 PM

We cannot really know this to be honest because the price is important from the bitcoin and the price in about 5 years can be very low but also very high so we cannot predict this at all right now.

Though no one can predict the exact thing if what will happen in future but still we can do our prediction according to what we think, and what i think is that we would probably need 100-500 bitcoins even after 5 years to be a fiat millionaire as i feel the price would surely grow but it would not grow too high as what others might think.

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