Each individual has a different wealth target, this depends on one's satisfaction with the wealth target that can be achieved. Bitcoin never guarantees investors can get rich by making any investment. The price is very dependent on supply and demand, if tomorrow the demand is no longer there, the price of the coin you hold may have no price at all.
No one knows when Bitcoin prices will increase or even fall. Before dreaming of getting rich with Bitcoin, you need to understand its volatility which is one of the biggest risks in Bitcoin investment.
Topic: How rich would I be? - page 3. (Read 744 times)
It's likely that you and all of us will be dead by then. As time passes, mining difficulty increases; thus, fewer and fewer coins will be put into circulation. It might sound like a petty amount, but approximately 2 million coins will take decades to be mined.
The obsession with "when will the last BTC be mined" is something I've noticed since I've been a member of this forum, but as you say, 2140 is so far away that none of us will likely be alive to witness it. Of course, it should never be rejected that people will manage to significantly extend their life span or that they will manage to find a way to preserve their consciousness indefinitely and practically become immortal.
As for these slightly less than 2 million BTC that are left, it will not take decades to be mined, but actually less than 10 years, and then only 210 000 BTC or exactly 1% will be left to be mined for the next 100+ years -> https://en.bitcoin.it/wiki/Controlled_supply
I believe that your post is hypothetical, but you should keep accumulating through DCA; anything below $25,000 is basically a bargain. It's unlikely that you or the majority of us will become rich in the upcoming 10 years, but we'll definitely make some decent money by then.
Everyone will define the term "being rich" differently, but if someone thinks that for a few hundred or thousand dollars invested in BTC in the coming years they will buy a villa, an expensive car or maybe even a private jet, then it seems to me that they are living in a dream that is not realistic. In 10 years, I hope that the price of BTC will be at least x10 of what it is right now - but it should be taken into account that then for $250 000 we certainly won't be able to buy what we can buy today. Inflation is something that spares no one, except of course the super rich who anyway have so much money that they cannot spend it in their lifetime.
Bitcoin will reach its 21 million supply by 2140 and I am sure you won't be saving your bitcoin by that time (as none of us would be living so long).
The average human lifespan is 60-80 years so there's no way we can last until the supply runs out it's probably going to take 3 generations from now and we're not going to reach that so I don't think it's possible to keep for too long just wanting to reach a supply run out which obviously I will continue to save for as long as I can and also get to enjoy the benefits with my lifetime.However, bitcoin is having a four year cycle and if you follow that cycle, (the bear and the bull season), you may be able to make good money. Yes, i know you need to have some good extra money in order to invest in bitcoin.
I do not know about your age but I would say that if you can invest in bitcoin these days and keep it safe for the next 10 to 12 years, you will be a millionaire, even if you hold only one tenth of a bitcoin.
For example, it is enough to follow only two four-year cycles, so we feel that this is enough to take advantage of us, the more capital issued, the greater the profit, so the investment opportunities in bitcoin are pretty good now. I'm just trying to continue doing DCA from the year before so on so that more accumulation may be more than 1 BTC+ and I want it to last longer without any interruption that makes emergency interests.I do not know about your age but I would say that if you can invest in bitcoin these days and keep it safe for the next 10 to 12 years, you will be a millionaire, even if you hold only one tenth of a bitcoin.
With the age of 25, for example, we are still strong enough for 2 decades to survive with the bitcoin that is owned by DCA, we will enjoy the old days of holding bitcoin for that long and maybe at that price bitcoin will be even higher.
I know the longer the greater its value.
If bitcoin reaches new ATH then it is easy to get rich by investing but this requires a lot of research understand the volatility of the market. Tendency to save more money than investing should focus on how to increase income instead of saving more money. Saving is crucial to getting rich but don't neglect investing while focusing on saving an easy way to earn more is to take advantage of the extra time this is your first investment, the sooner you start the better.
For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
It is not measured by how rich you will be before the last bitcoin is mined. It is as far as 2140 that the last bitcoin would be mined. But you can simply ask how rich you will be by 2027, by then I'll be sure that bitcoin will do another ATH. I can now tell you that you will x10 richer than you are today.How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
No, you will have about x10 of your investment because not all wealthy people invest much in bitcoin. Some are facing scared of bitcoin and volatility.
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
I can't speak for anyone else, but I'm the furthest thing from rich you'll ever see. It's too long a story to tell and too much information to blab publicly, but I would imagine that anyone who'd been in signature campaigns for a few years and saved all (or most) of what they earned might be pretty well off. That depends on the cost of living in your country, of course, but man....even faucets were paying out what would today seem like crazy amounts of bitcoin. Sig campaigns used to pay per post based on a certain number of satoshis instead of USD, and you could have a nice stash of bitcoin with campaign savings.Fuck me, my life.
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
What is important thing is you don't have to expect too much. If you think you got a profit, do that and don't wait for more than your expect. I know, many people think if bitcoin reached 21 million supply, the price will move to a new crazy ATH that's been thought about like $1 million or over, but we don't have to ignore the situation in the next 2140, maybe world war 3 or 4 or any kind of the big FUD happens.hero member
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How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit?
DCA will profit you in the long run. According to records, those who invested in Bitcoin previously profited at various times. I may not be 100% correct, but based on my gesture, I believe some people who bought Bitcoin at $1 for 1 bitcoin sold it when the price was $50, $100, $200, and $500, respectively, and they made different profits. Depending on how much you invest and how long you invest, you will profit from all halvings, but you may only be able to count the profit you will make because most of us will not see the last halving.
For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
All of us won't be alive when Bitcoin supply reaches 21 million, because that's supposed to happen in 2140. However, the supply will gradually decrease, and the current available supply is enough to make predictions about the price.
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
The earning of campaigns, airdrops, and other methods will be less profitable over time and as the Bitcoin price increases. Just imagine that you could have collected 1 Bitcoin from faucets if you joined this domain in 2015, thus the value of the free earned Bitcoin or altcoins decreases while the scarcity increases.
I do believe that in the nearest future BTC will reach a new ATH of a thousand dollars and I going to hodl till then I will pull some out and invest in real estate and agriculture and be earning millions on a weekly basis. Thats just how rich I can be then I keep expanding into other investments.
Is what you said not wrong? Because a new ATH for Bitcoin is still very far away and not at a thousand dollars. If you say about a thousand dollars to new ATH in Bitcoin, you have misunderstood the actual price of Bitcoin right now. After all, a thousand dollar increase also doesn't mean Bitcoin will be at the new ATH immediately, but there are still many price levels for Bitcoin to pass within this year for the new ATH.Regarding investing in real estate and agriculture and other places, I don't think it's a problem whatsoever as long as you have the ability to do it. But if all of those things you will do after Bitcoin reaches a new ATH, it means that the things you mentioned are still the basic agenda that you have to keep carefully for a long time from now.
I do believe that in the nearest future BTC will reach a new ATH of a thousand dollars and I going to hodl till then I will pull some out and invest in real estate and agriculture and be earning millions on a weekly basis. Thats just how rich I can be then I keep expanding into other investments.
For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
What is clear is that you will be richer than other people around you if you continue to use the DCA strategy, and you can sell the bitcoin at the highest price or the next ATH. Maybe you just need to buy bitcoins for a year using the DCA strategy while waiting for the price to reach the latest ATH.How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
They will be richer than anyone else as long as they can sell their bitcoins at the right time. They are so getting rich or staying as it now depends on when we can sell bitcoins.
It's likely that you and all of us will be dead by then. As time passes, mining difficulty increases; thus, fewer and fewer coins will be put into circulation. It might sound like a petty amount, but approximately 2 million coins will take decades to be mined. I believe that your post is hypothetical, but you should keep accumulating through DCA; anything below $25,000 is basically a bargain. It's unlikely that you or the majority of us will become rich in the upcoming 10 years, but we'll definitely make some decent money by then.
We will be very difficult to predict the future about how rich we will be in the future with bitcoin the results of the DCA that we do, collecting bitcoins to the limit of supply is very terrible in my opinion as you said that the more sophisticated the miners it will be very difficult the rest of the bitcoins in get, if we stick to the maximum supply I don't know what price will be offered in the future and I can't guess my bitcoin price at that time but it is impossible if I wait like that considering human age is not that long. The money we deserve in bitcoin if we start today maybe 5-20 years from now. Of course, the most important thing is to get involved in the fantastic technology trend from the start. It really depends on how long someone has been in the game, but if you're talking about 10 years from now, the answer is yes, meaning everyone who currently owns cryptocurrency is going to be very rich.
The topic of discussion is about how rich a person is and I think it has to do with the work that he has been in all along and it is not only related to how long or recently someone has joined this forum or how long or not someone has been playing with the cryptocurrency space. But it also concerns how lucky he is while working and being in the cryptocurrency space so far, because there are also those who have been playing in the cryptocurrency space for a long time but did not get the results that were so satisfying.Quote
The truth is that many new participants in this space are early adopters and they like to spend their bitcoins rather than just holding them for the price to rise. Thus, it takes a steady amount of new entrants for the bitcoin value to increase rather than fluctuate.
Those who like to spend the Bitcoin they already have are those who are happy with a small profit, while newcomers are also not necessarily willing to buy Bitcoin right away if they still don't have sufficient knowledge about Bitcoin. So things still take time to happen to Bitcoin because nothing ever happens instantly in the cryptocurrency space. How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Of course, the most important thing is to get involved in the fantastic technology trend from the start. It really depends on how long someone has been in the game, but if you're talking about 10 years from now, the answer is yes, meaning everyone who currently owns cryptocurrency is going to be very rich.
The truth is that many new participants in this space are early adopters and they like to spend their bitcoins rather than just holding them for the price to rise. Thus, it takes a steady amount of new entrants for the bitcoin value to increase rather than fluctuate.
Being rich starts with one's thinking mentality, it's something that starts from the mind before turning into a materialized ambition we achieved in reality, some has thought about it that being rich belong to some particular set of people or caliber to enjoy life, but when we come along with others' stories on how they started low and poor but ended being rich because of their determination and persistence in life struggles, iurs also can be an exceptional decision if we take time to discover more about ourselves a d work on our areas of weakness.
Yes, most stories of the poor turned rich have got the hardwork and believing themselves. Here the scenario is different, OP have requested about being rich through DCAing of bitcoin. Starting now and continuing till the last bitcoin is being mined is good and it'll make him rich for sure. Because it takes lots of years and we don't know how much money it brings.
Being rich starts with one's thinking mentality, it's something that starts from the mind before turning into a materialized ambition we achieved in reality, some has thought about it that being rich belong to some particular set of people or caliber to enjoy life, but when we come along with others' stories on how they started low and poor but ended being rich because of their determination and persistence in life struggles, iurs also can be an exceptional decision if we take time to discover more about ourselves a d work on our areas of weakness.
Yes, most stories of the poor turned rich have got the hardwork and believing themselves. Here the scenario is different, OP have requested about being rich through DCAing of bitcoin. Starting now and continuing till the last bitcoin is being mined is good and it'll make him rich for sure. Because it takes lots of years and we don't know how much money it brings. 
For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
Bitcoin will reach its 21 million supply by 2140 and I am sure you won't be saving your bitcoin by that time (as none of us would be living so long).
However, bitcoin is having a four year cycle and if you follow that cycle, (the bear and the bull season), you may be able to make good money. Yes, i know you need to have some good extra money in order to invest in bitcoin.
I do not know about your age but I would say that if you can invest in bitcoin these days and keep it safe for the next 10 to 12 years, you will be a millionaire, even if you hold only one tenth of a bitcoin.
For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
I think no one else can say definite time when will you be able to get that money because we all know that bitcoin and other crypto are volatile. We still don't. know how long you need to DCA or you need to cut some now. As far as I know bitcoin will continue to have a dip in the next few hrs I think? I just read some analysis in my friend's page but then you will be rich if you have patience and think for long term. How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
Being rich starts with one's thinking mentality, it's something that starts from the mind before turning into a materialized ambition we achieved in reality, some has thought about it that being rich belong to some particular set of people or caliber to enjoy life, but when we come along with others' stories on how they started low and poor but ended being rich because of their determination and persistence in life struggles, iurs also can be an exceptional decision if we take time to discover more about ourselves a d work on our areas of weakness.
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