Will owning 0.01 BTC really make you rich? - page 5.

Nrcewker

copper member

Activity: 2268

Merit: 539

DGbet.fun - Crypto Sportsbook

Quote from: Abiky on January 06, 2022, 09:45:09 AM

I've read a few articles on the web which indicated you could get rich with just 0.01 BTC. At first, it seemed crazy to me considering that Bitcoin is still below $1m. But then it started to make sense after knowing that the pioneer cryptocurrency was designed with deflation in mind. Each halving had a positive effect in BTC's price, so one would guess the next one will lead us to a BTC worth more than $100k. To become a millionaire with 0.01 BTC, the price of one Bitcoin must be $100m. Prices are still volatile, so I'm having my doubts whenever I'd really become rich with just 0.01 BTC or not.

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.

That's a pretty amazing thing to discuss here.
Like literally no one would have ever dreamt that holding 0.01 BTC can make this extremely rich.
Thanks Abiky for raising this discussion.
Now coming to the point, No one has seen the future, neither no one knew that BTC will reach 70k usd when the price was just a dollar.
So my friend everything and anything is possible, just we need to have faith on it.
I am too hoping that one day i will too become reaching by holding my Bitcoins. Though currently, the price situation is comparatively worse.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

Quote from: pinggoki on January 31, 2022, 03:41:58 AM

I don't think so, 10k USD wouldn't be worth that much by the time bitcoin reaches million dollars because the inflation for many countries is so bad that the only possible thing you can do with that bitcoin or USD if you sold it is to reinvest it. Maybe it might help you in expenses but it won't make you not worry about your daily life anymore.

Well said, and with the present value 0.01BTC will be valued around $380. By the time of Bitcoin reaching a million 0.01 would turn to $1000 and if bitcoin reaches $10m what is owned will be valued $10k. In a third world country $10k will help in having a small house and make life little easier if he have a day job. As said rather than making rich it helps in meeting some life needs.

pinggoki

sr. member

Activity: 1666

Merit: 426

I don't think so, 10k USD wouldn't be worth that much by the time bitcoin reaches million dollars because the inflation for many countries is so bad that the only possible thing you can do with that bitcoin or USD if you sold it is to reinvest it. Maybe it might help you in expenses but it won't make you not worry about your daily life anymore.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

Quote from: Slow death on January 30, 2022, 12:28:03 PM

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

yeah, this is a realistic answer. measuring at a bitcoin price of $1 million, nda 0.01 of that is $10k. currently with $10k, we are not rich people, in fact, some people still dare to try new investments with $10k. depending on the thought, whether $10k has made you rich or not. that is if the price of bitcoin reaches a price of $ 1 million.
it's just that holding back is still worth it, maybe for a start. holding 0.01 bitcoins every month might make you rich in the future.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: Tumanggor on January 30, 2022, 02:03:34 PM

Quote from: JayTrain on January 30, 2022, 11:58:49 AM

Quote from: Abiky on January 06, 2022, 09:45:09 AM

~

I'm not completely sure that the price for 1btc will reach $1mn and the price tag of $100m is already something not real. if bitcoin were accepted as a form of payment all over the world, perhaps 0.01 btc would bring a huge income, but if you really look at it, it is unlikely that something will turn out.

10 years ago if you have ever looked, many people never believed the price of Bitcoin would hit $50k, in fact Bitcoin has crossed $60k

it may take a long time and also 70% of the world's population for Bitcoin to touch $1 million, but I'm sure this will happen in the next few decades

Don't compare the price of bitcoin in 10 years before and the value for the next 10 years more.

Bitcoin will never reach 10 million dollars each so that is not that best interest to compare.

100$ wasn't enough if He invested when the price of Bitcoin at 40k because even when the value runs up to 1 million dollar still that amount will be more than 2000 dollars only

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Today 0.01 has more than 10 times the value if you look at the price of Bitcoin in 2015. Maybe if the Bitcoin scenario continues as predicted and the price gets more expensive 0.01 is quite a lot. Although I don't think it's rich yet. The future cannot be known but predictable, of course the price of Bitcoin will be more expensive so maybe capital 0.01 it can make you rich. You can use it for trading, currently capital with that total is enough if in the form of USDT.

TinaK

hero member

Activity: 1106

Merit: 527

Quote from: KaliLinux on January 30, 2022, 02:39:41 PM

Quote from: Slow death on January 30, 2022, 12:28:03 PM

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

The main question was this "Will owning 0.01 BTC really make you rich?" I personally don't believe so even if Bitcoin were to reach $1m, 0.01BTC isn't enough to make you rich even in some third world country however, you cannot really conclude like you did that you know for certain how much Bitcoins price will not reach because if you were asked this question 10 years ago, I believe you would have said that Bitcoin will never get to $68k like the guy in this Post and if for sure people will prefer other Alts to Bitcoin.

When you said it will make you rich which means that's a forever or infinite source of income through bitcoin which is I don't believe that 0.01 bitcoin can sustain to be able to change your financial status and called you rich. That's right, that's not enough amount to accumulate and called you rich, maybe 4-5 bitcoin is enough then the fraction number of bitcoin.

Maybe that's good if you don't have any, not being rich but at least we know we have profited on it, that's enough.

KaliLinux

hero member

Activity: 1344

Merit: 565

Quote from: Slow death on January 30, 2022, 12:28:03 PM

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

The main question was this "Will owning 0.01 BTC really make you rich?" I personally don't believe so even if Bitcoin were to reach $1m, 0.01BTC isn't enough to make you rich even in some third world country however, you cannot really conclude like you did that you know for certain how much Bitcoins price will not reach because if you were asked this question 10 years ago, I believe you would have said that Bitcoin will never get to $68k like the guy in this Post and if for sure people will prefer other Alts to Bitcoin.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: JayTrain on January 30, 2022, 11:58:49 AM

Quote from: Abiky on January 06, 2022, 09:45:09 AM

~

I'm not completely sure that the price for 1btc will reach $1mn and the price tag of $100m is already something not real. if bitcoin were accepted as a form of payment all over the world, perhaps 0.01 btc would bring a huge income, but if you really look at it, it is unlikely that something will turn out.

10 years ago if you have ever looked, many people never believed the price of Bitcoin would hit $50k, in fact Bitcoin has crossed $60k

it may take a long time and also 70% of the world's population for Bitcoin to touch $1 million, but I'm sure this will happen in the next few decades

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: Slow death on January 30, 2022, 12:28:03 PM

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

it is too large a number. of course, that would be something bad for the growth of crypto. I don't know how much improvement there should be. but getting rich with such a small amount, for now, would of course raise quite a troubling question.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: Wexnident on January 29, 2022, 10:05:31 AM

No, not really. If you were talking about its future value then it's rather unknown, since well, it's in the future. I guess the only advantage of buying BTC that can be seen right now is that, well, it's not fiat. It's a lot better than hodling it as fiat honestly if it was extra money you wouldn't exactly use it immediately. Possible future advantages include the price increase therefore the value of the amount you hold would increase (or decrease) in USD, avoiding the inflation of fiat, those are the ones on the top of my head but there's probably a bunch more really.

With bitcoin, there is no inflation and it is obvious that as the demand of bitcoin increases, the price of bitcoin will also increase. But this is not the only factor for bitcoin price increase. Since the supply of bitcoin is limited, there are many occasions where some bitcoin are lost forever and sometimes people forget/lost their private keys, some may die without telling the private keys to anyone. All these things together will make bitcoin very expensive beyond out thinking.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

JayTrain

full member

Activity: 1092

Merit: 105

Sugars.zone | DatingFi - Earn for Posting

Quote from: Abiky on January 06, 2022, 09:45:09 AM

I've read a few articles on the web which indicated you could get rich with just 0.01 BTC. At first, it seemed crazy to me considering that Bitcoin is still below $1m. But then it started to make sense after knowing that the pioneer cryptocurrency was designed with deflation in mind. Each halving had a positive effect in BTC's price, so one would guess the next one will lead us to a BTC worth more than $100k. To become a millionaire with 0.01 BTC, the price of one Bitcoin must be $100m. Prices are still volatile, so I'm having my doubts whenever I'd really become rich with just 0.01 BTC or not.

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.

I'm not completely sure that the price for 1btc will reach $1mn and the price tag of $100m is already something not real. if bitcoin were accepted as a form of payment all over the world, perhaps 0.01 btc would bring a huge income, but if you really look at it, it is unlikely that something will turn out.

mynonce

full member

Activity: 233

Merit: 253

Quote from: Abiky on January 06, 2022, 09:45:09 AM

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.

Maybe, that can help ...

Quote from: mynonce on January 30, 2022, 07:08:53 AM

Quote from: 6000SUX on January 29, 2022, 11:07:56 PM

... I soon realized that I should have been investing in Bitcoin all along. Key word: investing.

Congratulations. You mastered the crypto world, part 1.

Quote from: 6000SUX on January 29, 2022, 11:07:56 PM

I felt the urgent need to acquire one full Bitcoin, and I did.

I own ... BTC = I mean ...

1.00 BTC = There are 21 million people on earth
0.10 BTC = There are 210 million people on earth
0.01 BTC = There are 2.1 billion people on earth

Ultegra134

hero member

Activity: 1750

Merit: 904

Quote from: Wexnident on January 29, 2022, 10:05:31 AM

No, not really. If you were talking about its future value then it's rather unknown, since well, it's in the future. I guess the only advantage of buying BTC that can be seen right now is that, well, it's not fiat. It's a lot better than hodling it as fiat honestly if it was extra money you wouldn't exactly use it immediately. Possible future advantages include the price increase therefore the value of the amount you hold would increase (or decrease) in USD, avoiding the inflation of fiat, those are the ones on the top of my head but there's probably a bunch more really.

That's also my point of view. Not only do I find it easier to hold, similar to a savings account, but also I'm protecting my money from inflation. On top of that, it's an income that I haven't declared, in order to avoid taxation, at least for now. Thus, the advantages of buying and owning Bitcoin are several, not only as an asset, but also as a mean of payment.

Numerous years ago, I used to use Bitcoin for payments, which is something I'm kind of regretting now, but it was fast, efficient and most importantly, anonymous.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

No, not really. If you were talking about its future value then it's rather unknown, since well, it's in the future. I guess the only advantage of buying BTC that can be seen right now is that, well, it's not fiat. It's a lot better than hodling it as fiat honestly if it was extra money you wouldn't exactly use it immediately. Possible future advantages include the price increase therefore the value of the amount you hold would increase (or decrease) in USD, avoiding the inflation of fiat, those are the ones on the top of my head but there's probably a bunch more really.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: ?? on ??

I don't think bitcoin can replace fiat currency. Seeing now that there are many who forbid and even deflate bitcoin. Although some have started to adopt bitcoin, but it is not easy to achieve what you say. It's not impossible, but it's hard to make it happen.

you have the right opinion. It is not impossible for bitcoin, but difficult to realize bitcoin as a fiat replacement. because of the volatile nature of bitcoin and easy to manipulate.
Many rich people were born from bitcoin. 0.01 BTC is quite enough for trading capital, but it will not make you rich that easily, even if you have 1 BTC it is not necessarily a guarantee of getting rich. there will be a process that must be passed and an effort to be able to develop the capital.

taufik123

legendary

Activity: 2716

Merit: 1859

Rollbit.com | #1 Solana Casino

Quote from: ice18 on January 28, 2022, 04:19:54 AM

If in the future, bitcoin will become the worlds only legal digital currency as a replacement to fiat and allowed to use in all transactions in every country then 0.01 btc will make you a multi-millionaire in the future. It will be the most scarce asset by then, but the question is, Is this really possible? Well nobody knows, I dont know if we are still alive the moment it will happen.

To completely replace Fiat is still very unlikely for now or in the next few years. We all know how the characteristics of bitcoin. Easy to manipulate with high volatility and fluctuating prices. Some countries have allowed the use of bitcoin as a means of payment, but it does not replace Fiat, only as an optional payment. It is still very difficult to be accepted by all countries, each country has its own regulations. In fact there are many pros and cons about using bitcoin. Bitcoin really made rich for those who bought in the past and hold it to this day, in fact they have become multi millionaires without having to wait for bitcoin to be accepted by all countries as a replacement for Fiat. Bitcoin's journey is still very long, this is only the beginning.

kamilah147

full member

Activity: 700

Merit: 102

maybe yes and maybe no. because if measured in terms of price movements it will likely look so instant to get rich with just 0.01 BTC for the next few years if you don't have it.
because when you have it, I'm sure you will also be emotionally disturbed and uncomfortable with very volatile prices and you can't use it as a basis for getting rich.
the most stable position in holding bitcoin for the purpose of getting rich is to increase the amount based on the trades you make to increase its value, and this is to make you rich by starting with 0.01 BTC.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: glendall on January 06, 2022, 09:55:42 AM

if you look at the past 10 years if you buy bitcoin at 10 $ I think yes.

Legendary account right? at least you read the OP ?

Where did you get the Idea of the dollar equivalent ? OP is asking at least the Bitcoin amount and not the value in Dollar so you are irrelevant here.

Quote

I was rich if I sold bitcoin at 60k$ yesterday, but human nature never feels fast and the ambition to have bitcoin is very high, so no matter how many bitcoins you have,

It is not human nature but your greediness lol . that's why you decide not to sell.

Quote

and no matter how much bitcoin you will never be satisfied. at a certain price,
and if we buy bitcoin today it might be said to be a fool to buy bitcoin at a price of 45k $ but let's see in the next 4 years bitcoin will definitely provide the same value if we buy bitcoin today as we bought bitcoin in 10 years ago

there is no satisfaction asked above , OP is asking if you can be rich with 0.01 bitcoin you are just making this thread trashy lol.

Topic: Will owning 0.01 BTC really make you rich? - page 5. (Read 2777 times)