Once it was to own 21 Bitcoin to be an one in a million. With that it is stated people with 21 btc will surely turn to be a millionaire one day. Now things have changed with the growth, and just a single bitcoin is predicted to make a millionaire by the year 2035. As per the ongoing growth ratio, there is more chance of prices reaching much higher than the present. Anyhow a million is far away from the present value. This means in terms of local currency value we can have more Millionaires, and already this has happened with present value of bitcoin on more number of countries.
That is just the power of bitcoin, I remember those days and how people always recommended people to try to get those 21 bitcoins, then this got reduced to 10 and now it seems a single one is going to be enough and this should not be surprising, even if there are people that hold a massive amount of bitcoin 99% of the population is still holding 0 bitcoins and once they realize their mistake the price will skyrocket in a way we have never seen before. 
Topic: Owning One BTC In 2035 Will Make You A Millionaire - page 2. (Read 750 times)
I can't imagine how expensive Bitcoin when 2035 and I'm sure that 1 Bitcoin is will become so expensive. To 2035 it's mean around 14 years later and I believe that we all can have 1 Bitcoin before 2035 is coming. So start to earn and buy your Bitcoin now to prepare for the future. But 14 years?? Do you think people can wait for so long? It's will become so hard
Well, it's a long time to wait maybe you yourself, OP can earn a single Bitcoin and you might be a millionaire someday. Just don't put all your hopes in cryptocurrency since no one knows what would happen to us in the future, even the price of Bitcoin that time we don't know yet. Everyone seems to jump to the conclusion already but they don't know how volatile this market and owning a single BTC in the year 2035 might be a little harder if the price goes beyond six-figure price. The crypto market is not yet that close to perfect and it has a lot of flaws so a certain alternatives is always present during that period of time.
suggestion or advises is really a bit misleading or do mold up those false hopes specially for noobs out there that do really able to read up.Nothing is assured nor guaranteed when it
comes to future.
Neither bitcoin can hit up a million or would go to zero.No one knows.
comes to future.
Neither bitcoin can hit up a million or would go to zero.No one knows.
Yeah, just so irresponsible. People think they're doing Bitcoin a favour by "promoting" it at all costs, but it's so easy to overlook that it's still an immature market, and it's still highly volatile and incredibly new to many, many investors -- even those used to traditional markets (or perhaps, even especially to them).
Nothing is guaranteed. Like you said, zero is as likely as 1 million.
They should really have in their minds about the risk and whats the market is all about not just on simply going all in just because other people do so.
Always take measures when it comes to investment.You wouldnt know if this one will bring fortune or total wreck when prices do move the other way around.
Its too much to consider even if we do talk about 10 to 20 years from now.
Nice to presume out on lower levels only rather than exaggerating and talking about millions.
Who knows? There are many opportunities, bitcoin is getting mass adoption right now. Some technological companies like Apple, mastercard and other are trying to accept bitcoin, either as payment system or their investment place like Tesla that has spent a lot of money to buy bitcoin, it means sooner or later bitcoin will be loved by most people by its characteristic.
But, there are some factors as well which can make its price and has a cheap price. And one of that can make bitcoin price fall drastically is government regulation. Indeed, bitcoin is decentralized money it means there is no one that can manage it but its utilization can be stoped in a country if the government didn't like it. So, my focus is not become rich because bitcoin and trying to buy at least one bitcoin now. I don't have money, but I'm trying to collect as much as I can.
But, there are some factors as well which can make its price and has a cheap price. And one of that can make bitcoin price fall drastically is government regulation. Indeed, bitcoin is decentralized money it means there is no one that can manage it but its utilization can be stoped in a country if the government didn't like it. So, my focus is not become rich because bitcoin and trying to buy at least one bitcoin now. I don't have money, but I'm trying to collect as much as I can.
I have seen many posts of this style and they all start from a fallacy: in this case it is to assume that a million dollars in 2035 will be remotely similar to a million dollars now. Normally, a million dollars in 15 years would already be worth much less in today's terms, but in 2020 20% of the total number of dollars printed to date were printed, and it looks like with the coronavirus crisis, the printing speed will be maintained for at least 3 or 4 more years.
So, a million dollars in 2035 is going to be just a shit on a stick compared to now.
I would stop worrying so much about being a fiat millionaire and just keep accumulating bitcoins, as well as increasing net worth in general, which is what I am doing.
Well, it will not be "shit on a stick" So, a million dollars in 2035 is going to be just a shit on a stick compared to now.
I would stop worrying so much about being a fiat millionaire and just keep accumulating bitcoins, as well as increasing net worth in general, which is what I am doing.
that would be really impossible, that has a connotation like it will be a million dollars for a can of coca cola, and I am sure it won't be like that. However you are 100% right, a million dollars in 15 years will definitely be nothing too huge, american economy could change a lot at the top and not enough at the bottom, teacher pay didn't increase too much in the past 10-15 years for example, but in 10-15 years it will probably not have a huge change neither, while richer people will have a lot more changes, so it will be harder for teachers to buy anything in the future, they will be very poor.I gave example from teachers but you can put any blue/white collar job in there as well. So, putting your money into bitcoin, and taking advantage of this store of value will be great and when people have hard time and even when 1 million dollars worth a lot less to public, you will get richer thanks to your bitcoins.
suggestion or advises is really a bit misleading or do mold up those false hopes specially for noobs out there that do really able to read up.Nothing is assured nor guaranteed when it
comes to future.
Neither bitcoin can hit up a million or would go to zero.No one knows.
comes to future.
Neither bitcoin can hit up a million or would go to zero.No one knows.
Yeah, just so irresponsible. People think they're doing Bitcoin a favour by "promoting" it at all costs, but it's so easy to overlook that it's still an immature market, and it's still highly volatile and incredibly new to many, many investors -- even those used to traditional markets (or perhaps, even especially to them).
Nothing is guaranteed. Like you said, zero is as likely as 1 million.
Just save some of your income and put it into Bitcoin. Trim down on your spending and put the saved money into Bitcoin. Don't just target 1 Bitcoin. Stack as many as you can. Don't also think of 1 million equivalent. Just keep on stacking satoshis after satoshis and whatever the value of Bitcoin is in the coming years, let it be. It may be 1 million in 2035 or 1.5 million or only 500 thousand. That may not be the point in the years to come. The 1 Bitcoin is equal to 1 Bitcoin may finally be most reasonable at that time.
Indeed, the success of your hardships earning a profit here in cryptocurrency be in trading or mining bitcoin depends only on how you would choose to hold your earned profit carefully and wisely. To be honest we may never know what will be the value of bitcoin by that year which is more than 14 years from now but if ever the adoptation of bitcoin continues these wouldn't be impossible and lucky are those who have their own bitcoin more than a single one.
If you're a relative newcomer or you have blown your stash thinking you have years to faff around and accumulate my advice is do whatever you can to accumulate 1 Bitcoin before it reaches 100k. Once that's reached and its on it's way to 200k it's going to become very difficult to accumulate for regular folks.
I don't think it will be difficult to accumulate Bitcoin if it does reach 200k or more because you could still purchase satoshi though, it doesn't necessary for your to accumulate 1 Bitcoin because even satoshi could make you a millionaire as the price of Bitcoin increases.Quote
If you can jumpstart your entry by borrowing 10k, 20k or 30k from the banksters do it - Have no fear! Buy $20 chunks as often as you can, pay no heed to the price.
Though Bitcoin can bring back your borrowed money still it is not recommended to use someone's money to invest or the money you cannot afford to lose as Crypto Market is still risky after all. Besides, Bitcoin will not always on a bull trend there will be times bear will come, and by the time you are probably pressured enough to sell your invested money on Bitcoin.Quote
Ditch your daily $5 Coffee - that's $150 of Bitcoin per month, stop the pizza delivery, buy $15 of BTC instead. A few small changes in lifestyle and you will be surprised how much you're accumulating.
You don't even need to ditch those things like your coffee because your health is still the most important, you could save though like avoid spending your money on unnecessary things, that would be better I think.Quote
During the journey you may want to punt a portion of your BTC on an Alt you believe will rise greatly - be careful though and do not panic if your alt crashes because 99% of the time they will recover to the price you bought in at.
Well it depends on the alts you are going to invest, if that is a promising coin then even if it crashes be assured that it will recover, just hold it when it happens.
For some people in other developing countries, having 1 bitcon now can make them millionaire (not just having 1 million but having millions in their account).
I agree to save up little spending for Bitcoin till it becomes hard to purchase but not borrowing from the bank especially if the borrower has no stable means to pay back. Remember the interest keeps increasing.
Actually In 3rd world country is 1 bitcoin can make them Millionaire , because the value of this worth more than a million even in my country .I agree to save up little spending for Bitcoin till it becomes hard to purchase but not borrowing from the bank especially if the borrower has no stable means to pay back. Remember the interest keeps increasing.
So if i am going to gain 1 bitcoin even before 2035? i think i can make this more valuable in using in Real business than to wait for that long time.
Speculation about bitcoin in the next 15 years may go too far if we compare bitcoin's price to fiat. Fiat value has always decreased in relation to the value of real estate including gold in every decade.
Even though you have made multiple profits in $, you may only get half the return on the caps when compared to the value of gold.
Even though you have made multiple profits in $, you may only get half the return on the caps when compared to the value of gold.
I have seen many posts of this style and they all start from a fallacy: in this case it is to assume that a million dollars in 2035 will be remotely similar to a million dollars now. Normally, a million dollars in 15 years would already be worth much less in today's terms, but in 2020 20% of the total number of dollars printed to date were printed, and it looks like with the coronavirus crisis, the printing speed will be maintained for at least 3 or 4 more years.
So, a million dollars in 2035 is going to be just a shit on a stick compared to now.
I would stop worrying so much about being a fiat millionaire and just keep accumulating bitcoins, as well as increasing net worth in general, which is what I am doing.
So, a million dollars in 2035 is going to be just a shit on a stick compared to now.
I would stop worrying so much about being a fiat millionaire and just keep accumulating bitcoins, as well as increasing net worth in general, which is what I am doing.
Just save some of your income and put it into Bitcoin. Trim down on your spending and put the saved money into Bitcoin. Don't just target 1 Bitcoin. Stack as many as you can. Don't also think of 1 million equivalent. Just keep on stacking satoshis after satoshis and whatever the value of Bitcoin is in the coming years, let it be. It may be 1 million in 2035 or 1.5 million or only 500 thousand. That may not be the point in the years to come. The 1 Bitcoin is equal to 1 Bitcoin may finally be most reasonable at that time.
For some people in other developing countries, having 1 bitcon now can make them millionaire (not just having 1 million but having millions in their account).
I agree to save up little spending for Bitcoin till it becomes hard to purchase but not borrowing from the bank especially if the borrower has no stable means to pay back. Remember the interest keeps increasing.
I agree to save up little spending for Bitcoin till it becomes hard to purchase but not borrowing from the bank especially if the borrower has no stable means to pay back. Remember the interest keeps increasing.
Actually, the fastest way to become rich is through Bitcoin, we don't need to do anything difficult. It is enough to buy Bitcoin every month from
the extra money we have, do this consistently for at least the next 5 years. I believe we can become rich people, because based on the research
I have done, compared to when we start a business that is not necessarily a profit. Investing in Bitcoin is much more promising than any business.
Therefore I agree that just having one Bitcoin in 2035 is enough to make us rich.
the extra money we have, do this consistently for at least the next 5 years. I believe we can become rich people, because based on the research
I have done, compared to when we start a business that is not necessarily a profit. Investing in Bitcoin is much more promising than any business.
Therefore I agree that just having one Bitcoin in 2035 is enough to make us rich.
Once it was to own 21 Bitcoin to be an one in a million. With that it is stated people with 21 btc will surely turn to be a millionaire one day. Now things have changed with the growth, and just a single bitcoin is predicted to make a millionaire by the year 2035. As per the ongoing growth ratio, there is more chance of prices reaching much higher than the present. Anyhow a million is far away from the present value. This means in terms of local currency value we can have more Millionaires, and already this has happened with present value of bitcoin on more number of countries.
If you're a relative newcomer or you have blown your stash thinking you have years to faff around and accumulate my advice is do whatever you can to accumulate 1 Bitcoin before it reaches 100k. Once that's reached and its on it's way to 200k it's going to become very difficult to accumulate for regular folks. If you can jumpstart your entry by borrowing 10k, 20k or 30k from the banksters do it - Have no fear! Buy $20 chunks as often as you can, pay no heed to the price. Ditch your daily $5 Coffee - that's $150 of Bitcoin per month, stop the pizza delivery, buy $15 of BTC instead. A few small changes in lifestyle and you will be surprised how much you're accumulating. During the journey you may want to punt a portion of your BTC on an Alt you believe will rise greatly - be careful though and do not panic if your alt crashes because 99% of the time they will recover to the price you bought in at.
The prime directive is to increase the amount of BTC you own, nothing else matters
Hugely irresponsible of you to ask people to borrow money now to load up on Bitcoin. So many failure stories from people who borrow and end up in debt, losing everything.
Now if you CAN borrow within your means, and can dig in for the inevitable winters that must visit, and are able to withstand long years of waiting, then okay, maybe it's a risk worth taking.
But never go beyond your means. And be prepared for crashes before the sun comes out. I love Bitcoin too but messing up your real life is a real tragedy not worth any satoshi.
People are really fan on just looking the brighter side of things without even trying to look up into the other side that everyone isnt really successful into this career or market.Now if you CAN borrow within your means, and can dig in for the inevitable winters that must visit, and are able to withstand long years of waiting, then okay, maybe it's a risk worth taking.
But never go beyond your means. And be prepared for crashes before the sun comes out. I love Bitcoin too but messing up your real life is a real tragedy not worth any satoshi.
Yes, bitcoin does really have the potential but investment decisions would really be needing that common sense on what are the possible scenarios neither on the positive or on the negative side of things.
We shouldnt really focus on one side because too much expectation would really hurt badly if things goes into the opposite path.Its not bad on being optimistic but having this kind of
suggestion or advises is really a bit misleading or do mold up those false hopes specially for noobs out there that do really able to read up.Nothing is assured nor guaranteed when it
comes to future.
Neither bitcoin can hit up a million or would go to zero.No one knows.
Actually owning 1-Bitcoin in my country will automatically make you a Millionaires becasue of the currency status or due to it inflation. If am not mistaken, half a Bitcoin made you a Millionaire in my country and definitely in future like 2035 then holding one Bitcoin in my country will be running into Billionaire, hopefully becasue the inflation rate will definitely increase as we seen today.
I still think there is time to borrow FIAT to buy Bitcoin, especially in this bull run.
with Bitcoin pretty likely to hit 100k this year, double your FIAT and pay back your loan
if you are feeling safe.
This is pretty much what I have done but I borrowed last year.
with Bitcoin pretty likely to hit 100k this year, double your FIAT and pay back your loan
if you are feeling safe.
This is pretty much what I have done but I borrowed last year.
Yeah, but importantly, that's what you think. You don't know, I don't know, no one can know.
I'm stacking as much as I can, I always have though, regardless of market conditions. But I'd never extend beyond my means, certainly wouldn't advise anyone else to do the same.
"Pretty likely to hit 100k this year" is a sentiment I might share, but I've no inkling of how close to actual reality this will ever get.
I agree totally! nobody knows what the future holds.
I personally was in a position to sustainably take a FIAT loan to buy Bitcoin knowing
that if Bitcoin didnt work out as I foresaw I would still be able to pay back the loan.
or I would have to sell Bitcoin at potentially a loss to pay the loan, it was a gamble.
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