Though bitcoin is experiencing a dip, it still has a value which will recover in future.
Investing in such a small fraction of bitcoin is also worthwhile due to the high price of one bitcoin.
Topic: Will owning 0.01 BTC really make you rich? (Read 2777 times)
Well, in the long term Bitcoin will probably maintain or even increase its purchasing power.
Fiat on the other hand will most probably continue to depreciate through inflation.
When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.
Fiat on the other hand will most probably continue to depreciate through inflation.
When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.
It's been shown from time to time that Bitcoin outperforms Fiat. Owning 0.01 BTC now could lead you with plenty of cash in the long run. You can even accumulate more than that for true peace of mind. Only a fool will sell Bitcoin when prices are going down the drain within a short period of time (except if you need the cash right away, of course). The higher the mainstream adoption for Bitcoin, the higher its price will be. Governments are already joining the Bitcoin bandwagon (eg: El Salvador, Central African Republic) so it should only be a matter of time before "hyperbitcoinization" becomes a reality. Who knows what the future holds for early adopters of BTC like us? Just my thoughts
There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.
Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.
As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.
Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.
We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.
Yes ofcourse. At the same time, it would be easier for a person to accumulate 1 bitcoin right now while it is cheaper than when it has already reached a price of $1 million.
Although it is a huge amount for many people including me but it is still achievable.
I personally think, ANY amount that we hold in bitcoin is worthy to hold it for a long term because bitcoin is so precious.
There are no limits to it. We never know how high it can go and so it's best to accumulate as much as possible.
We never know what the future will be with our investment. The longer it takes, the better.
Everything depends on how you believe and how you can manage the volatility, .01 or 1 BTC in the long run
if Bitcoin succeeds and reached million in value, it surely gives you the profits that you always wanted to have
keep working and saving, just skip some time in looking at your portfolio, especially during this kind of
momentum.
Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.
I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
Depends if how much you invested in btc. If ever btc reached 1m but you only invested 0.01 btc then I don't think you will be rich from the profit that you will be getting but it can be decent profit already. To get rich will also depend on the country you are living and also in your standards. If you are in a poor country but your standards are high then you might be needing more than 0.01btc for you to feel that you are truly rich.I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
Your account is legendary and you are also enrolled in a campaign. If only you have been saving your btc since the start, you already surpassed your target and maybe have lots of btc now but it's not too late yet, you still have a time as long as btc value is still low.
There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.
Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.
As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.
Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.
We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.
Yes ofcourse. At the same time, it would be easier for a person to accumulate 1 bitcoin right now while it is cheaper than when it has already reached a price of $1 million.
Although it is a huge amount for many people including me but it is still achievable.
I personally think, ANY amount that we hold in bitcoin is worthy to hold it for a long term because bitcoin is so precious.
There are no limits to it. We never know how high it can go and so it's best to accumulate as much as possible.
Well, in the long term Bitcoin will probably maintain or even increase its purchasing power.
Fiat on the other hand will most probably continue to depreciate through inflation.
When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.
Fiat on the other hand will most probably continue to depreciate through inflation.
When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.
Even if 0.01BTC would make someone Rich them we expect to be 15 years time or more, but there is no possibilities of a BTC would worth $1m so. Owning about 5 to 10BTC would have been a greater chance to be come richer than .01BTC.
You just need to understand that this is a very small amount. Especially if this amount is just for expenses. For if it is for investment, it may well be a profit, but if it is just for expenses, it will not bring anything positive.
There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.
Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.
As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.
Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.
We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.
Who knows what future holds for us and owning such amount is already an opportunity because bitcoin's price surely will grow even more for how many years to come. For many years to come bitcoin supply will decrease even more and all bitcoin will be mined and with that the supply and demand will increase. Those people has hold what ever the amount will surely benefited to it.
Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.
I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
It all depends on the price. If Bitcoin is projected to go all the way up to $1m, then it's possible you'll have a hefty sum of money in your pocket sometime in the future. 0.01 BTC multiplied by a market price of $1m, equals $10k. To really become rich, you're going to need to hold a lot more Bitcoin in your wallet. That is if BTC will stay within the $1m range. But there's always the possibility it will go even higher in price. As they always say, "the sky is the limit". As long as you're persistent, you'll be on a road towards becoming filthy rich. Just my opinion
There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.
Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.
As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.
Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.
I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
I wouldn't say No but then it will be difficult to be rich with just 0.01btc, the possibility is very tiny. In a scale of 1to 100 I think is not even up to 10. So for u to be rich with 0.01btc u you really have to wait for years and even in the waiting you are not assured.
Truly difficult but it's a step of going there. Someday in the future, even accumulating 0.01 btc is going to be hard just as how hard it is now for the most that aren't living the best of their lives.There were calculations already and even if the first 7 digits for that, it won't be that big to tell that you've got a fortune.
But we're living in different types of living so that's a fortune for the others.
I think this question could fit in when Bitcoin was around $70K or when it reaches $100k. The market is down now and the worth of a single Bitcoin had depreciated to low for such amount of Bitcoin to make someone rich. Due to the high volatility of Bitcoin, I think we need to also consider the current price so to know the actual price. 0.01 bitcoin can not make me rich at this time of the market. We can consider it capable of the price of Bitcoin goes close to $100k.
I wouldn't say No but then it will be difficult to be rich with just 0.01btc, the possibility is very tiny. In a scale of 1to 100 I think is not even up to 10. So for u to be rich with 0.01btc u you really have to wait for years and even in the waiting you are not assured.
I believe that by the time holding 0.01 BTC will be enough to be considered as being rich based on todays criteria, everyone else will be having same amount also or the way of life would be so much expensive, that 0.01 BTC will be nothing.
Also rich has a relative meaning. There are people who are followers of asceticism and right now, having 0.01 BTC already means being rich. Sometimes having $1000 is enough to be rich, and sometimes having $1kk is not enough.
Also rich has a relative meaning. There are people who are followers of asceticism and right now, having 0.01 BTC already means being rich. Sometimes having $1000 is enough to be rich, and sometimes having $1kk is not enough.
There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.
I agree. Investing in Bitcoin is good but dont expect it can make you rich if you own 0.01 BTC. It can happen in the future but it will take a long years since the current value of 0.01 btc is far from being a millionaire.
However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".
However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".
If you are talking about creating your own business, then it is worth saying that you can become rich not only thanks to bitcoin, I mean that you should not invest all the money you earn only in bitcoin. The distribution of risks is also a very important point that can protect your investment. 0.01 bitcoin is probably not enough to be a rich person, need to increase its amount as far as possible.
Making you rich is beyond your actions. Hold or work along with your money. Do have outcomes, either for the best benefits or
for the worse turn around.
I agree. Investing in Bitcoin is good but dont expect it can make you rich if you own 0.01 BTC. It can happen in the future but it will take a long years since the current value of 0.01 btc is far from being a millionaire.for the worse turn around.
However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".
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