Topic: Will owning 0.01 BTC really make you rich? - page 6. (Read 2777 times)
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.
When I first bought bitcoin, .1 was 20 dollars. Now take a look at what .1 is. Now there’s a difference between rich if you live in say Thailand versus if you live in say the United States. I think bitcoin has a lot of room to run, but I think it’s going to take a lot of time to get to the point of .1 making any of us rich. I sure hope so! lol
I don't think it's about how much you have btc especially in this context.
but how do you make a little money grow into a lot, how money works for us. no matter how much you have btc or money if you are wasteful it will run out too.
rich man, money works for him
poor people work for money.
How long is this going to take ? Ten years ? Twenty years ?
Bitcoin price will sure move to a level above 100$ but still not certain about when it'll be, even those that has a good understanding prediction insight find it totally difficult to predict.
And also, humans can never be satisfied with the amount of Bitcoin they're in possession off.
Bitcoin price will sure move to a level above 100$ but still not certain about when it'll be, even those that has a good understanding prediction insight find it totally difficult to predict.
And also, humans can never be satisfied with the amount of Bitcoin they're in possession off.
If you bought bitcoin at that time of not getting into the 3k USD i guess there's a chance like a year below 2015 currently the price of the 0.01 is just almost 100$ and still you can manage that money to make earning like joining the ride of the market volatility. How do you define the word rich? like tons of assets or a millionaire? if that so 0.01 btc is not made you rich but if you value too much the bitcoin it becomes subjective to become rich on the perspective.
Even if bitcoin reaches the dream price of 1 million dollars yet this bitcoin will valued 10,000 USD in which still low to be considered as rich people.so meaning 0.01 bitcoin will never make a person rich even if bitcoin take 10 million as this will increase to 100k and still not that high.so i think the amount to be considered as good for the future is at least 0.1 bitcoin or more than this .
While $10.000 is a decent amount of money, it's far from making rich or well-off. In most developed countries, it's less than a year's salary. Pretty optimistic/unrealistic to believe that Bitcoin would reach 1 million dollars though, I wonder how many people actually think that.~
If I only took that "a decade ago" chance to buy one coin, I can't imagine where I am right now, but meh. Seems like I am putting too much attention to price making me slowly regret and slowly try to panic buy lol. .01 BTC is just kind of the monthly of some people here in my country, so meh it's not your "when lambo" moment to think about.~
If I only took that "a decade ago" chance to buy one coin, I can't imagine where I am right now, but meh. Seems like I am putting too much attention to price making me slowly regret and slowly try to panic buy lol. .01 BTC is just kind of the monthly of some people here in my country, so meh it's not your "when lambo" moment to think about.
That amount of bitcoin is not huge, but you can use it to start a small online business; it is not huge, but it would be a great start. However, the amount of bitcoin is dependent on the country; for example, in her country, 0.01 bitcoin is equivalent to one month's salary; therefore, we should just get used to it by using it as a capital and profiting from it. Only business has the ability to make you wealthy, so if you are fortunate and your small business becomes well-known, it may be able to make you wealthy solely on the basis of your 0.01 btc investment.
Even if bitcoin reaches the dream price of 1 million dollars yet this bitcoin will valued 10,000 USD in which still low to be considered as rich people.so meaning 0.01 bitcoin will never make a person rich even if bitcoin take 10 million as this will increase to 100k and still not that high.so i think the amount to be considered as good for the future is at least 0.1 bitcoin or more than this .
I think what you said is right and i believe that i have said something of this term, if 0.01 btc can not get you a anythin and can also not make you rich in your country because of your currency value other people's country their currency is low 0.01 BTC can make it rich and it will never be poor
Referring to the current value of bitcoin today which is a $36, 500 the 0.01 btc is only $365 and that's only a 5 digit money in our fiat which I can definitely say owning a 0.01 will not going to make me rich. Even if it hits a $100k value it wouldn't be enough to make me rich. So what I really mean is, though even if it would not going to make me rich still owning a 0.01 btc for me is already a privilege, this amount will determine how patience a holder could hold this asset and yeah hopefully time will come that this value will going to give a fortune to anyone if ever the market of bitcoin pump.
I think in the future 1 BTC can make you rich but also 0.1 BTC can be nice money.
And 0.01btc is a little bit nice too. But for everyone who believes in the market, there must be the sense of thinking that they should own more and do whatever it takes and to exert more effort for them to be able to buy and hold more bitcoin.You never know what can happen in the long run. But BTC will still exists in 50 years that's for sure. (if the world will last too 
)
Hopefully that's true, bitcoin's last supply will be mined after a hundred years and before a silver anniversary comes, we're all hopefuls that bitcoin would reach 7 digit numbers as its price. )
Nobody can tell you whether you are going to be a millionaire or not, and moreover you don’t even know the future of the market, just because someone told you that you can buy 0.01 BTC and save it to become a millionaire, doesn’t mean that would be the case in the future. You might end up even not getting anything. The right thing for you to do is to start making plans on how you can attain that level.
For myself, I don’t really rely too much on Bitcoin, and I don’t have a particular amount that I would have to own, I’m just investing as much as possible, and every time I have the money to invest I invest it and hold it in my wallet. And then when I realize profit from it, I take a part of the profit and also invest in other business that I’m into.
So, being millionaire is not something that you have to rely on bitcoin for you to achieve, there other things you can do as well, try them out for yourself while you are also investing in Bitcoin. Try to engineer your wealth and not be lazy and expect magic to happen, I’m tired of people seeing bitcoin as a magical means to make money and become rich overnight. This is why many has been misled.
For myself, I don’t really rely too much on Bitcoin, and I don’t have a particular amount that I would have to own, I’m just investing as much as possible, and every time I have the money to invest I invest it and hold it in my wallet. And then when I realize profit from it, I take a part of the profit and also invest in other business that I’m into.
So, being millionaire is not something that you have to rely on bitcoin for you to achieve, there other things you can do as well, try them out for yourself while you are also investing in Bitcoin. Try to engineer your wealth and not be lazy and expect magic to happen, I’m tired of people seeing bitcoin as a magical means to make money and become rich overnight. This is why many has been misled.
Can't predict what's going to happen in 5-10 or 20 years, however, 0.01 BTC is far from making you rich, no matter how much it gains in value. $100.000 definitely isn't, nothing, because we are way too far from surpassing it, which is certainly not happening in the following 2-3 months, or even way more.
I can't be bothered to dig up my old posts but the last time I entertained the idea of $1 million Bitcoin I'm pretty sure I also thought it was likelier I would be scattered over the seven seas decades earlier. $10,000 I'm also sure would be worth far less then than it would be today, adjusted for inflation.
$10,000 today wouldn't make you rich in the country I come from, even if it's a small fortune worth over 4 years of minimum wage. So I'm always going to agree with you about 0.01 BTC. It won't make you rich, not today, not at $1 million Bitcoin.
No. It means you are a $400'anaire, give or take depending on market price.
Why did you misspell 'rich person' with a symbol and digits though?
Holding on to 0.01 BTC will make it really rich because bitcoin will yield better results in the long run than at present. That would double our relationship and make the future better bitcoin is at the top of all currencies from other currencies bitcoin is also a great source of investment in terms of future security and savings. If bitcoin can be invested then there is a good chance of getting a big return in the near future in a short time there is a great potential for profit.
0.01 BTC can't make you rich although in some countries it is already worth a lot. But if you are going to hold it for 20 years from now I think it will make you rich if the value of bitcoin is $100k by that time. Well, no body knows what will happen in the future of crypto, holdng it for so long is too risky and you don't know if it will give you a fortune if you are still alive.
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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.
Do you think about 8 years before ,the value of btc and also the amount 0.01 will get such a value now what is the value right now .Its just unbelievable it has gained a huge amount of money and he who hold the btc surely the are millionaire .I think it will huge on the upcoming days and also the value of single code will increase for sure .Quote
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 think the value will gradually increase for sure .I think the value will be high as we expect but having a low amount of btc like 0.01 will not give us as a expected return but we all have a good value for sure .I think we won't be rich but will not become poor so that we need to hold it strongly it will be a asset for us for sure .
I think in the future 1 BTC can make you rich but also 0.1 BTC can be nice money. You never know what can happen in the long run. But BTC will still exists in 50 years that's for sure. (if the world will last too )
) 
Can't predict what's going to happen in 5-10 or 20 years, however, 0.01 BTC is far from making you rich, no matter how much it gains in value. $100.000 definitely isn't, nothing, because we are way too far from surpassing it, which is certainly not happening in the following 2-3 months, or even way more.
I can't be bothered to dig up my old posts but the last time I entertained the idea of $1 million Bitcoin I'm pretty sure I also thought it was likelier I would be scattered over the seven seas decades earlier. $10,000 I'm also sure would be worth far less then than it would be today, adjusted for inflation.
$10,000 today wouldn't make you rich in the country I come from, even if it's a small fortune worth over 4 years of minimum wage. So I'm always going to agree with you about 0.01 BTC. It won't make you rich, not today, not at $1 million Bitcoin.
No. It means you are a $400'anaire, give or take depending on market price.
Why did you misspell 'rich person' with a symbol and digits though?
Yes,0.01BTC can make someone rich if its equivalent to $100k,it depend on the holder ,if the holder can manage it well why not,you can trade with it and make more btc,you can also convert it to currency of one of small countries ,like Benin republic, chad,etc where it will have more value and start up business with it,before you know you will be rich,as for me I can be rich with it.
This thread is ageing well minute by minute .
Hopefully the markets recover soon, it's really sad to see what's happening atm.
But whatever happens, 0.01 would in no case ever make you rich.
I am not really going to say that it is not possible for one to become a millionaire by investing 0.01 BTC. Maybe judging from the past events that has taken place in the market, it might be quite possible that he would reach that level, but it is going to take so many years and it’s not something that will just happen within a short time. I know that he is saying this based on how Bitcoin has been able to keep increasing in value over the years. .Hopefully the markets recover soon, it's really sad to see what's happening atm.
But whatever happens, 0.01 would in no case ever make you rich.
For Bitcoin to reach a price of $1,000,000 for one, or even $100 million for one BTC, is going to be really difficult, and this might be something that we wouldn’t see anytime soon, or something that we wouldn’t see happen at all. Because how many other assets or stocks have you seen that are worth $1,000,000 today? So the problem with most people here is that they are expecting too much from Bitcoin, and all of them just wants to get rich and fails to apply the right strategy. Why don’t he work hard and buy 10 BTC instead, since he wants to be a millionaire?
Am I the only one who finds these kinds of predictions incredibly stupid and naive? I believe in Bitcoin, but I highly doubt it that it will be ever worth that much. I seriously do not understand who, why and how they make such predictions. How can someone come up with such an ambitious projection, especially now, with the $100.000 mark looking too far away and unrealistic for the time being.
If only you understood what Bitcoin is all about, then you wouldn't be making such comments. The fact that Bitcoin is deflationary, tells us that its price should go higher over time. Not only that, but Bitcoin is the most decentralized cryptocurrency in the world. $100k is nothing considering that Bitcoin is the best sound money the world has ever seen. With Fiat currencies' inflation on the rise, we should see a Bitcoin valued over $1m at a very fast pace.
Knowing that Bitcoin kept reaching new All-time-highs over time, tells me that it's possible to become rich in the future with just 0.01 BTC. The chances are even higher when you accumulate more than that. Right now, Bitcoin's price is declining so it's the best time to grow our stack of coins before it's too late. Who knows how far Bitcoin will go in terms of price and mainstream adoption? Just my thoughts
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