So I'm just going to invest €400-600 in 2 bitcoins and leave them in cold storage for the next 20 years and see how it goes
Topic: Is cryptocurrency millionaire dream a thing of the past? (Read 5933 times)
I think bitcoin is now too big to be forgotten about and is just going to continue to grow, forget all the other cryptocurrencies, they are junk/ cheap rip offs of bitcoin to the general public and will only be for the technically inclined. But bitcoins name is already out there in a big way and its only a matter of time before prices start sky rocketing and adoption picks up 10 fold. Especially as the older generations who grew up in a time without PC's die off, the younger generations who are as familiar with computers as anything, will start to see the real potential in bitcoin which could be come the new global reserve currency and could eventually be worth a million per coin.
So I'm just going to invest €400-600 in 2 bitcoins and leave them in cold storage for the next 20 years and see how it goes
So I'm just going to invest €400-600 in 2 bitcoins and leave them in cold storage for the next 20 years and see how it goes
Million dollars per coin would be in the quintillions. . whereas the capitalization of the entire planet is around 30 trillion (Quintillion is 10,000 Trillion). Bitcoin being worth quintillions would have to be reliant on $Fiat hyperinflation.
Not to dredge up very old posts, but FYI your math is very wrong. $1 million per bitcoin = $21 trillion total. Much less quadrillion, much less quintillion. You're off by a factor of 1 million.
I think it is a thing of the past for the near future at least. If you have a good sized holding, and everything keeps growing like it is...I would think in 10-15 years, people who bought enough in the $200-$400 range may have enough to have $1,000,000 worth. Who knows how much $1,000,000 will even buy you in 10-15 years though...
I'd leave alt coins unless you can spot one with great potential.
https://bitcointalksearch.org/topic/dogecoin-800004
Remember: Don’t invest more than you can afford to lose.
If BTC doesn't have a future of being great value one day then what is the point?
The point is censorship-proof money.
I can store and transfer value without the help of a middleman or the permission of an authority.
As capital controls tighten in every country around the world, this is priceless utility.
Unless each BTC ends up being worth a lot then it's useless to me.
Censor ship proof money transfers etc are only needed now if you're rich & trying to avoid high fees or taxes.
I've got a decent amount of BTC but I don't spend them, I am just holding in the hope that one day they will be worth a lot.
Can I bump this?
Is it too late to become a FIAT millionaire via BTC now?
If each BTC becomes worth 100,000 USD I'll officially become a millionaire, I fear I invested way too late though.
Is it too late to become a FIAT millionaire via BTC now?
If each BTC becomes worth 100,000 USD I'll officially become a millionaire, I fear I invested way too late though.
Bitcoin isn't a "get fiat rich quick" scheme. You've been misinformed.
What do you perceive as quick?
I can gladly hold all my coins for 20 years.
If BTC doesn't have a future of being great value one day then what is the point?
There's no point other than hoping Bitcoin will become more valuable over time, thats why 99% in Bitcoin care about Bitcoin, the remaining 1% are nerds that find the technology fascinating, irrelevant for the success of something as for something to be successful, it needs to have mainstream appeal.
Can I bump this?
Is it too late to become a FIAT millionaire via BTC now?
If each BTC becomes worth 100,000 USD I'll officially become a millionaire, I fear I invested way too late though.
Is it too late to become a FIAT millionaire via BTC now?
If each BTC becomes worth 100,000 USD I'll officially become a millionaire, I fear I invested way too late though.
Bitcoin isn't a "get fiat rich quick" scheme. You've been misinformed.
What do you perceive as quick?
I can gladly hold all my coins for 20 years.
If BTC doesn't have a future of being great value one day then what is the point?
The USD GBP is never going to collapse, not in our lifetime.
Don't throw away your fiat into alts, be patient and most important:Believe!
I've been sharing this video because it really cuts to the heart of the matter for why Bitcoin's dominance is a matter of when rather than if.
https://www.youtube.com/watch?v=YIVAluSL9SU
With the rise of Bitcoin, usually altcoins rise too.
That has been true, and will continue to be true only up to a certain point. Remember, we are still in the infancy / innovation phase of crypto development. When Bitcoin takes its place as the currency of Earth, the altcoins will be left behind.http://trilema.com/2014/the-woes-of-altcoin-or-why-there-is-no-such-thing-as-cryptocurrencies/
The harsh reality is that when the "cryptocurrency moment" happens, there can only be one. And Bitcoin is the one. I suggest you pull your money out of the altcoins before the rocket departs, because there won't be any going back.
Don't throw away your fiat into alts, be patient and most important:Believe!
With the rise of Bitcoin, usually altcoins rise too.
That has been true, and will continue to be true only up to a certain point. Remember, we are still in the infancy / innovation phase of crypto development. When Bitcoin takes its place as the currency of Earth, the altcoins will be left behind.http://trilema.com/2014/the-woes-of-altcoin-or-why-there-is-no-such-thing-as-cryptocurrencies/
The harsh reality is that when the "cryptocurrency moment" happens, there can only be one. And Bitcoin is the one. I suggest you pull your money out of the altcoins before the rocket departs, because there won't be any going back.
there will certainly be alts that outperform BTC in the future (if only during BTC's bubbles), and there is a lot of money to be made there. question is, out of the billion of alts out there, which ones will they be? 
the answer to your question is CANN, I will not be worth btc, but it will be worth investing in.
I think you dudes are dreamin a bit too much for those prices man. I mean yeah it'd be wicked but doubt btc would go that high. I think prob like up to $2000/each max, dreaming $5k each max haha. Otherwise prob hover like 500-1500 each for a long time.
Why not $10k or $50k per coin? It could happen between now and 30 years.I'll be old as **** in 30 years man.
I think you dudes are dreamin a bit too much for those prices man. I mean yeah it'd be wicked but doubt btc would go that high. I think prob like up to $2000/each max, dreaming $5k each max haha. Otherwise prob hover like 500-1500 each for a long time.
Why not $10k or $50k per coin? It could happen between now and 30 years.
I think you dudes are dreamin a bit too much for those prices man. I mean yeah it'd be wicked but doubt btc would go that high. I think prob like up to $2000/each max, dreaming $5k each max haha. Otherwise prob hover like 500-1500 each for a long time.
No, the crypto millonaire or cryptonaire dream is alive. Many altcoins are being used and there is a huge market caps in various coins.
I think I'll be delighted if we reach 10,000 USD per BTC.
I'll make a life changing amount of money then.
I can't see 100,000 per BTC in my lifetime (late 20's).
I'll make a life changing amount of money then.
I can't see 100,000 per BTC in my lifetime (late 20's).
5 BTC = millionaire within 8 years ($2,000 today)
50 BTC = millionaire within 4 years ($20,000 today)
250 BTC = millionaire within 2 years ($100k today)
50 BTC = millionaire within 4 years ($20,000 today)
250 BTC = millionaire within 2 years ($100k today)
I really hope this comes true. With the rise of Bitcoin, usually altcoins rise too.
For example look what happened to LTC (with a big delay though).
And since this thread is related to speculation and prediction of the future, I'd like to point out that whoever entered NXT with 1BTC from the start, is already a millionaire. So, I kinda believe that the dream is not a thing of the past, but it can be achieved by investing in altcoins too, eg. Qora and SIM (who are very promising and have great devs). Qora will also be the first who has Automated Transactions implemented, so there is a high chance that the pattern with huge ROI (and of course community build-up and usability cases) is repeated.
5 BTC = millionaire within 8 years ($2,000 today)
50 BTC = millionaire within 4 years ($20,000 today)
250 BTC = millionaire within 2 years ($100k today)
50 BTC = millionaire within 4 years ($20,000 today)
250 BTC = millionaire within 2 years ($100k today)
Can I bump this?
Is it too late to become a FIAT millionaire via BTC now?
If each BTC becomes worth 100,000 USD I'll officially become a millionaire, I fear I invested way too late though.
Is it too late to become a FIAT millionaire via BTC now?
If each BTC becomes worth 100,000 USD I'll officially become a millionaire, I fear I invested way too late though.
legendary
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The dollar is temporary local empire money; a passing fad; a bad joke where the punchline is needless murder and suffering.
You could say that about the entire history of mankind.
I think it is more empowering to see things as a natural progression.
We evolved from crude cavemen who
were beating each over the head with clubs into
gentlemen, able to express ourselves in complex
abstractions, and then further evolving into
global communicators interacting through cyberspace.
In the same way, we evolved from a crude bartering
system into trading precious metals, then into
modern global banking systems, and finally into
post-modern age of cryptocurrency.
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