Topic: How many BTC will make you a fiat millionaire in 5 years? - page 19. (Read 21887 times)
In five years? I'd say at least 1.5K btc. Maybe a little more to pay taxes since you want to convert it to become a fiat millionaire.
Anything above the 1000 range would be the safe bet, because 5 years from now, it is hard to tell at what price bitcoin will be. If ever it reaches the $3000 range within that span of time, your bitcoin will net a you a cool $3M. Whether bitcoin hits that price by that time is another story since 5 years is a relatively short period of time.
How many BTC will make you a fiat millionaire ($) in 5 years? Why?
i think we need more than 1000 btc to hold in our bitcoin wallet to get profit in millions . the reason for such type of bulk holding is because we can't say surely whether how much doller per btc will increase in per year . for example in this year it jumps about double of its price but in other previous your conditions was different . do we need more than 1000 btc .
i think 50-100 bitcoin is enough to makes me a fiat millionaire in 5 years but its depend on how much the price of bitcoin. if the price is in range $1,000 - $5,000 then i think it can makes me millionaire.
If that price is reach, even at maximum of $5000, you are still half way there... I think you will need more than 100 bitcoins to be a millionaire after five years... I think for me I will need more than 1000 in five years, if the price stays the same, I am still half way and if the price reaches the price you predicted then I will have more than 1 million fiat after five years... I hope I could have atleast half of it which is very impossible...
How many BTC will make you a fiat millionaire ($) in 5 years? Why?
in my opinion if we want became millionaire then we need to hold btc about 500-1000 btc . because we can't accurately define the price of btc per year but according to my thinking per year sure increase of 50$ this will result in better Profit for 500-1000 btc .in this way we can become a millionaire .
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i think 50-100 bitcoin is enough to makes me a fiat millionaire in 5 years but its depend on how much the price of bitcoin. if the price is in range $1,000 - $5,000 then i think it can makes me millionaire.
Based on the survey as of this date, it is 1000 BTC or more. I also selected that figure since I believe in the next 5 years there will already be a substantial increase on the price of bitcoin like what happen this year alone. Everything is going to a positive way and to be honest I am more confident now than the past that my investment will give me more profit if I hold longer than 5 years.
I have voted for 100-500 bitcoins but i see many people voted for over 1000BTC because it depends on currency of that particular country.
But according to currency in my country you will be a millionarie for sure even with 2-3 bitcoins specially after 5 years when price of bitcoin would be more.
But according to currency in my country you will be a millionarie for sure even with 2-3 bitcoins specially after 5 years when price of bitcoin would be more.
Me too this is my assumption that we need atleast 100-500 bitcoins in able to be millionaire with fiat and let's just think that the stable price would be $1,000 -$10,000.
This is going to make your dollar millionaire or if not just convert it to your local currency and that is going to make you millionaire in your own country.
In 5 years, the price will just about $10,000. So we need at least 100 bitcoins to make a millionaire.
let the price rise above $1000 mark first and then talk about $10,000 ,you cannot predict what the future holds ,but i am sure it wont reach anywhere near the said values,so i am out of here 
1,000,000BTC
1 million bitcoins will be required to b a millionaire in 2020!
Could be 1BTC could be NONE (if it is more than 40000000 BTC then it won't be possible!)
did you mean 1million satoshi or are you telling that the price of bitcoin will be $1 in 5 years time,get your calculation straight1 million bitcoins will be required to b a millionaire in 2020!
Could be 1BTC could be NONE (if it is more than 40000000 BTC then it won't be possible!)
the possibility is that you need around 1000 btc if you want to be a millionaire in 5 years time.
I think in 5 years, the price of bitcoin would be more than 1000$ or atleast about to reach 1000$. So you have to own 1000BTC to be a fiat millionaire. 1000BTC x 1000$/BTC = 1,000,000$. My assumption might be the worst case scenario. There's also the best case scenario wherein people have embraced the concept of bitcoin, dumped their fiat, and that made the price of bitcoin pump. All of those can happen in 5 years. It's a possibility but it's very unlikely.
I have voted for 100-500 bitcoins but i see many people voted for over 1000BTC because it depends on currency of that particular country.
But according to currency in my country you will be a millionarie for sure even with 2-3 bitcoins specially after 5 years when price of bitcoin would be more.
But according to currency in my country you will be a millionarie for sure even with 2-3 bitcoins specially after 5 years when price of bitcoin would be more.
I voted for a thousand bitcoin because it is sure to have a huge amount of btc to become a millionaire. Plus we do not know how much or what will be the cost of one bitcoin after 5 years from now. It could be like one bitcoin is enough to become a millionaire or worst a hundred bitcoin is not enough.
I am also going for the 500 - 1000 bitcoins option, purely based on the devaluation of the other world currencies and the instability in the world economy as predicted by some.
It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's
burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.
I consider 100-500 bitcoins, it is clear that with more bitcoins such as 10000 bitcoins people become reach but 500-1000 is a very probable number.It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's
burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.
People would sure to choose more than 1000+ bitcoins on the poll because they could really assume that they would make them millionaire and even more because we cant really predict the price on upcoming 5 years on bitcoin ecosystem. If we just put an example as of todays price it could make us millionaire on a certain amount of bitcoins because it would really varry on which country do you live.
FOR THOSE WHO DOESN'T UNDERSTAND WHAT IS FIAT
Fiat Money -Toilet Paper Money
The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.
Why would it be different here in the U.S.? Well, in actuality, it hasn’t been. In fact, in our short history, we’ve already had several failed attempts at using paper currency, and it is my opinion that today’s dollars are no different than the continentals issued during the Revolutionary War. But I will get into that in a moment. In the meantime, I will show you that fiat currencies have not been successful, and the only aspect of fiat currencies that have stood the test of time is the inability of political systems to prevent the devaluation and debasement of this toilet paper money by letting the printing presses run wild.
Fiat Money -Toilet Paper Money
The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.
Why would it be different here in the U.S.? Well, in actuality, it hasn’t been. In fact, in our short history, we’ve already had several failed attempts at using paper currency, and it is my opinion that today’s dollars are no different than the continentals issued during the Revolutionary War. But I will get into that in a moment. In the meantime, I will show you that fiat currencies have not been successful, and the only aspect of fiat currencies that have stood the test of time is the inability of political systems to prevent the devaluation and debasement of this toilet paper money by letting the printing presses run wild.
determinate quantity is impossible, but if price and use of bitcoin, will be rise, for me 100-200 btc
I am also going for the 500 - 1000 bitcoins option, purely based on the devaluation of the other world currencies and the instability in the world economy as predicted by some.
It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's
burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.
I consider 100-500 bitcoins, it is clear that with more bitcoins such as 10000 bitcoins people become reach but 500-1000 is a very probable number. It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's
burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.
I am also going for the 500 - 1000 bitcoins option, purely based on the devaluation of the other world currencies and the instability in the world economy as predicted by some.
It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's
burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.
It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's
burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.
20 should be sufficient (valued at around $50k/coin), but that works only briefly as the price will be very volatile around 2021. A better number to plan on owning may be ~100 and selling very small amounts at regular intervals once it crosses ~$10k circa early 2019. What you definitely don't want to do is keep all your coin in one exchange and attempt to sell $100k or more all at once, you'll get Goxxed.
Also, pay your taxes if you are converting to fiat. Don't keep holding much into 2021 as it will start falling again, obviously. I'd strongly consider diversifying as you sell.
Also, pay your taxes if you are converting to fiat. Don't keep holding much into 2021 as it will start falling again, obviously. I'd strongly consider diversifying as you sell.
i can't grasp my head on why it should be 2021, and not 2029, after 5 halving and after satoshi said even so
why 2021 should be important, besides being the next years after the third halving?
I would be great if the price went to 10000 per coin I would be happy enough with that. 100 bitcoin would be enough to see me throughout my future years
you are way too optimistic i see. the higher the price will be, the weaker the order book will get. early adopters will smash through all buy walls instantly. right now a buy wall of 2000 btc is worth $900,000. at the time bitcoin is worth $10,000 per coin, the $900,000 buy wall will translate into 90 btc. early adopters with thousands of coins will have a fun time selling through everything.
I'm not saying that couldn't happen, the selling through buy walls, but aside from the increase in price, what will have changed geopolitically that would cause these same early adopters who spurned fiat to suddenly value it enough they want to hold it? Especially for the ones in the US that would likely be subject to harsh taxes on it once sold?
I guess what maybe I'm asking is, suppose I'm an early adopter that got involved in late 2010 and made my first purchase in early 2011. If I didn't sell at $10, didn't sell at $100, and didn't sell at $1,000, then at what price point am I supposed to sell, and why?
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