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Topic: How much bitcoin do you need now to be a millionaire? - page 3. (Read 2936 times)

hero member
Activity: 1073
Merit: 666
Bitcoin almost $3700, so you need 270 bitcoins to be millionaire, well I don't have that many, but it's ok. Bitcoin will go a lot higher, I'll be a millionaire early or late  Cheesy
full member
Activity: 350
Merit: 100
Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 

I'm just getting started in this business so, i need 5 bitcoins to be a millionaire it is pretty hard to achieve this days because bitcoins value is extremely high compared to the past years and the profits I gained is pretty small. But all in all it is not impossible for me to get my millions as long as I do mot quit this bitcoin industry. It will make we a wealth man in the future. I'm only a student today but in the future I will be a freaking rich because of this bitcoins plus my real job in the future.
sr. member
Activity: 1582
Merit: 352
★Bitvest.io★ Play Plinko or Invest!
Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 
Well for me it's really hard to have that big ammount of BTC because I don't even have 1BTC right now or even half of it. My only source of BTC is signature campaign only I am not into trading or any investment. Life is so hard here in my country I'm jobless I don't think I can reach that ammount but I hope so. For now I only wanted to have atleast 1BTC to start my journey to become a millionaire someday. If I were given a chance to be a millionaire someday the first thing I have to do is to buy house and lot and second is to help anybody here in my area life is so hard really in here. I also want them to start embracing BTC but as of now I only have four friends interested in BTC but yeah I am telling my jobless friends we can be millionaires someday if we love and focus ourselves into BTC.
sr. member
Activity: 840
Merit: 268
Well I think that for someone to become a millionaire by now, he or she should have 10,000 worth of bitcoins and could be a millionaire at 2025. As of now it is only 2017 and the price of it is very huge, and that is not a joke and it can always pump ahead of time, it is just a matter of time for it to pump again on large amount, because that's how it plays. So people should think about long term investment on bitcoin and in other cryptocurrency. If they knew the concept of long term investment they will surely gain.
sr. member
Activity: 420
Merit: 250
Well if you look at the price increases year of year, the rewards block halving, the difficulty going up, the demand going higher, BTC should be worth tens of thousands of USD by end of next year.

So given that, most people say you need 21 Bitcoin in total to become a millionaire within the next 4 to 5 years.

If you want to hold longer than that, say 10 to 20 years, you probably need only 3 or 4 BTC.
hero member
Activity: 798
Merit: 500
It depends on the country where you are living too. For example, you can be a millionaire with maybe 0.1BTC in Zimbabwe. But you will still have a shit life there. In my country, you will need about 280BTC to be considered a millionaire. If a day it happens to you, you will be welcome in my country in hope you invest of course and not just avoid the taxs (you will be in the wrong place anyways)

For me I would be glad if I had an 8btc in my country right now because it's an equivalent of 1.4 million of php currency of my national currency. Of course that will take long Years before I will have that certain amount of bitcoin. If that money will become a reality to me, maybe I will be using that for the study of the kids and it really helped us through expenses for my family specially the debts we had can be settled.
hero member
Activity: 672
Merit: 500
See the 2000$ prediction is understandable when bitcoin had reached 1000$ every new bitcoin has a lot of potential in the future but now we are talking about 100,000$ which is 30 times more than the current price. It took bitcoin a year to reach 3000$ from 1000$ taking this into consideration if the price has to become 100,000$ it would take atleast 45 years
member
Activity: 73
Merit: 11
I'm not a supporter of the theory that a single Bitcoin will be enough to be a millionaire in a decade. Maybe not even ten bitcoins are enough. But 21 bitcoins is probably enough, after all there will be only 21 million Bitcoins in existence.
At the end you will have to work hard to be a millionaire.
full member
Activity: 882
Merit: 104
Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 
10 btc is enough for me to be a millionaire because in my country if you convert that 10 btc it's a 18 million i think.
full member
Activity: 694
Merit: 108
santacoin.io
Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 

Based on present market analysis all you gonna need is 2 peices of Bitcoins, if you may wait for the next 10 years to come!
sr. member
Activity: 518
Merit: 271
Well if you want to be a millionaire you will need 300 to 400 bitcoins in terms of dollars but in other currencies like my country 10 bitcoins is enough to be a millionaire. Of course if you are an early adapter in bitcoin and still holding in this day. You could be a billionaire.
sr. member
Activity: 531
Merit: 258
It depends on the country where you are living too. For example, you can be a millionaire with maybe 0.1BTC in Zimbabwe. But you will still have a shit life there. In my country, you will need about 280BTC to be considered a millionaire. If a day it happens to you, you will be welcome in my country in hope you invest of course and not just avoid the taxs (you will be in the wrong place anyways)
full member
Activity: 182
Merit: 100
Buglab.io
Today bitcoin touches the price of 4000 $ .. and this is bitcoin success in reaching such a high price. I think to be a millionaire does not need to have a lot of bitcoin. You have 2 - 3 bitcoin only. You are already a millionaire. With the price of bitcoin as it is now very likely people become very rich. Investing bitcoin will be profitable and will make you a real millionaire
sr. member
Activity: 1330
Merit: 291
Currently, the market value of Bitcoin is above  $3,574 and if i could get just two bitcoin only, I will become a millionaire base on my own country currency. So happy for those who were able to hold reasonable amount of their bitcoin till today.
hero member
Activity: 490
Merit: 500
At the moment you just only need 277 bitcoins to be a USD millionaire, but it depends on where do you live, for example in my country with only just 15 bitcoins you can be a millionaire and have a very very rich living.
By the way, i think holding 100 bitcoins will make everyone millionaire in a few years, it depends on the price, but i really believe in bitcoin for the future
i think in present time i have less than 5 bitcoins and now it may be easy to count to that much bitcoin do i need to become millionaire, i will never count that limit because i think it is not so easy to become a millionaire i think we need to work hard for it and only then it may be possible otherwise it may not be so easy.
sr. member
Activity: 423
Merit: 250
At the moment you just only need 277 bitcoins to be a USD millionaire, but it depends on where do you live, for example in my country with only just 15 bitcoins you can be a millionaire and have a very very rich living.
By the way, i think holding 100 bitcoins will make everyone millionaire in a few years, it depends on the price, but i really believe in bitcoin for the future
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
It depends on your location. For example 1 BTC = 22134996 INR, so if you live in India you need just 0.04 BTC to be a millionaire  Grin Grin
Looking at it from a different perspective, you need just 1 BTC to eventually become a millionaire in almost every part of the world. I believe USD will continue inflating, shile BTC is deflating, so at some point 1BTC may be worth 1 million USD, although it won't be the same USD we are using today. If it happens you'll need $100 to buy coffee at starfucks Wink
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
I dont believe bitcoin will persist. there are actually better options at this point, bitcoin simply has the most trust.

Trust is all it needs to stay ahead. Sod technical merits. That counts for nothing without trust. That trust was earned by years of relentless battering. What appear to be technical merits with alts may well turn to disaster if they were tested in the same way Bitcoin has.

That's why all this fork and split stuff is so dicey. If the trust is thrown away there's not much left.

But yes, these prices feel rather hard to justify.
legendary
Activity: 1148
Merit: 1048
I do not know how much Bitcoin I need to become a millionaire but for me 5 Bitcoin,
I think it’s enough for me to become a millionaire soon.  Smiley

Try 100. Thats 4 block rewards, which I think is reasonable if you have been in the economy sub 1000 dollar bitcoin. this would assume that hits 10k, which will happen if we dont regulate it fully, and soon. Although I love bitcoin, under normal circumstances you would need to be an accredited investor to even participate in something this volatile. Let me define an accredited investor for those that arent aware:

Quote
An accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor (if any), and the consequences of being classified as such, vary between countries. Generally, accredited investors include high-net-worth individuals, banks, financial institutions and other large corporations, who have access to complex and higher-risk investments such as venture capital, hedge funds and angel investments.

The ostensible purpose of the status designation is to protect potential investors from risk. The assumption underlying accreditation is that individuals or organizations who qualify will have sufficient financial sophistication to understand and take on the risks associated with certain investment offerings. Laws may require that some types of financial offerings may only be made to accredited investors.[1]

this is very few of us Grin assume bitcoin will touch 5k-7k in your lifetime, because honestly I dont believe bitcoin will persist. there are actually better options at this point, bitcoin simply has the most trust.

look at undervalued assets. bitcoin is in a bubble folks; this valuation is not real one bit.
legendary
Activity: 3570
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
Some bitcoin users have successfully invested in bitcoin, and managed to gain huge profits,
I think it still has that opportunity, because bitcoin prices still have the potential to continue to increase.
Doubtlessly, bitcoin has given many people a living. Those who have invested in this digital currency awarded with enormous profits and as a matter of fact there living standards have also changed dramatically. As far as the change in its value is considered, it is crystal clear that Bitcoin prices are going to boost up and it surely will touch $4,000 within few weeks.

However when it is converted into local currency of a country everyone receives different amount. In this way you can be millionaire in one part of the country but may not be the same everywhere. Still you will be richer than many others.
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