Topic: How much Bitcoin do you think you would need to hold to become a millionaire? (Read 3571 times)
January 18, 2015, 09:39:26 AM
I think 1000 btc, btc is not going to crossing 1000$ per btc with in next 5 year.
January 18, 2015, 09:27:14 AM
We just cannot decide the exact number, based on anything from difficulty to developments, as we just can't predict what may happen tomorrow... Either miners may stop mining, or there doesn't seem any expected developments to get achieved, so just based on interest and curiosity, the price hike may not happen... Though, I would expect BTC100 would be more than enough to become a millionaire, it's my own prediction taking the price at $10k.
January 18, 2015, 09:02:22 AM
if we are going to put usd value to bitcoin how much do you think you would need to hold in btc to become a millionaire in the next 5 years?
Well we not know the answer for this because we just guessing here.
But holding about thousand bitcoin will be enough for your to become a millionaire.
Just hope the value will keep increase in next 5 year.
January 18, 2015, 08:48:53 AM
5 million bitcoins might be worth 1 million dollars in 5 years.
This is my opinion also
January 18, 2015, 08:33:09 AM
1
Lol...u seriously think 1 would be enough? If that would be the case then early adopters would be ruling the world.!
January 18, 2015, 08:15:30 AM
1500 if it hits the highs again 
January 17, 2015, 09:24:12 PM
January 17, 2015, 06:37:41 PM
Realistically, I'd say 2,500
If anyone wants to know, currently 1 million US is 5,000 bitcoins.
If anyone wants to know, currently 1 million US is 5,000 bitcoins.
January 17, 2015, 06:27:17 PM
i'd say 2000 needed
January 17, 2015, 06:06:01 PM
1, i think you will only need one 
January 17, 2015, 04:44:19 PM
0.5 bitcoins, plus transaction fee(s).
January 17, 2015, 08:13:59 AM
1.23861000 bitcoins buys you 1,000,000 Cambodian Riel.
Being a millionaire is easy.
Being a millionaire is easy.
January 17, 2015, 04:02:48 AM
1000 btc will be enough for me. With that money i could reinvest them in real business. 
January 17, 2015, 02:46:55 AM
Silly question, I'd say half a million BTC. I'm pretty surprised people think BTC will be worth 10k lol.
Half a million btc? You do realize there's only ever going to be 21 million total? 10k is probably far fetched but remember bitcoin was 1k with practically zero adoption. Imagine what would happen if we get mass adoption and it is used frequently all around the world? Then 10k wouldn't be so ridiculous in my opinion.
Wall Street went crazy saying Berkshire Hathaway's class A shares were overvalued when they hit $10,000 for the first time. In 2006, those Class A shares crossed over $100,000 per share. Less than 10 years later, they closed this week at nearly $225,000 per share.
With adoption and being at such an early stage with BTC, I don't see $10,000 all that far fetched after the next halving (or two). Bitcoin can (has already, to a small degree) revolutionize the payment industry with countless more utility uses. If we can stave off the ADD somewhat, the value per BTC could be beyond some of the most optimistic predictions.
January 17, 2015, 02:19:11 AM
Silly question, I'd say half a million BTC. I'm pretty surprised people think BTC will be worth 10k lol.
so you're saying Bitcoin will be worth $2 in 5 years... amazes me how many skeptics hang out here. The value of Bitcoin is going to collapse 99% but you want to talk about Bitcoin and post... don't get it.
Think about how many people know about bitcoin, then how many people mine bitcoin, then how many invest in bitcoin. The numbers are very small. Bitcoin is being ruined because its being abused by the Chinese. Why am I here? The concept is brilliant. The execution by the users is poor.
Bitcoin had potential. I've used bitcoin to exchange for goods with other bitcoiners, I do not support big companies who use bitcoin as a liquid item to dump for fiat. These people ruin BTC. They don't care what the BTC is worth, they only care about how fast it can be changed over to cash. Imagine you woke up tomorrow and BTC rocketed up to $1000. The amount of dumpers will flood the market with BTC and it will fall faster than last time.
There are many skeptics and for the right reasons. I'm a skeptic but I still support the product. I'm not here for profit, I'm here to use an alternative to fiat. If I wanted to transfer $500 to a friend via the internet, it could take 3 - 5 days. Bitcoins lets me transfer an particular amount in about an hour or less depending on fees. Fees are put back into the network, not one persons pocket.
January 16, 2015, 11:33:16 PM
What most people don't realize is that if bitcoin ever reaches the moon then by that time
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
There are still communist countries forcing people to use fiat. Russia for example could make a law to put you in prison if you dare to use bitcoin
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January 16, 2015, 01:27:33 PM
What most people don't realize is that if bitcoin ever reaches the moon then by that time
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
Depends what you mean by "the moon". Fiat will be around in 5 years,
I absolutely guarantee it.
Even if Bitcoin is 10k, 100k, or a million, there'll still be fiat.
It would have to go a lot higher than that to replace all fiat.
January 16, 2015, 01:23:30 PM
What most people don't realize is that if bitcoin ever reaches the moon then by that time
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
could be true. people love to dream. goldbugs and stocks-bugs hope the same so i guess its normal
January 16, 2015, 01:14:47 PM
What most people don't realize is that if bitcoin ever reaches the moon then by that time
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
fiat will be worthless and you won't have any reason to exchange your bitcoins for worthless paper.
January 16, 2015, 01:14:05 PM
How much Bitcoin do you think you would need to hold to become a millionaire?
to be safe, 1 million BTC .
to be safe, 1 million BTC .
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