Bitcoin Forum

Ok, so how much BTC I need to store from now to be millionaire :) in 3-5 years when Bitcoin grows mainstream ?
10 ? 50 ? 100 ? 1000 ?  Share Your thoughts.

You need 4000 btc today to be as a millionaire. If btc leap to 1000 usd in three years. You need only 4000/5 = 800 btc to be known as millionaire.

depend on how many millions you want, if you just want 1 million only, the typical 100x10k should work good, so 100 btc are enough to hold

the less coins you have the more you have to wait, theoretically... are you willing to wait more and risking that bitcoin will become worthless for whatever reason, or you can't wait and it's better for you to have 1k btc at least?

Keep 100 or more on your wallet and HOLD until the next of next halving time, it's seems like in year 2020 CMIWW.

I think 10000 should be enough. Then you are covered down to $100. If it goes lower than that you could just buy more...

Being a Bitcoin millionaire in 5 years I would guess at least 1000 bitcoins are needed. So not many will be able to achieve that.
However 10 bitcoins is a goal everybody should try to reach.And maybe in 10-15 years when Bitcoin still exists these 10 coins make you wealthy as well. In the end it's all speculation and that's why the thread belongs in that section.

How do you wanna get such an amount of coins in that short period of time? Remember he was asking for the next 5 years.

Depends in which part of world you live.At my place you would already be millionaire if you could afford to buy 50 btc

it depends on how much you think bitcoin is going to grow or fall. there are so many different opinions that i am sure soon you will see in this thread.

if bitcoin goes back to its high price of $1000-1200 then you will need at least 1000BTC to have at least one million which won't make you a millionaire.

The only metric to take heed of is the number that won't make you top yourself or an embittered troll if it tanks.

In the next 5 years if you want to be a millionaire you need about 2000BTC if bitcoin price still like this or even higher from now. But if bitcoin price go down, that's a different story.
In the next 3 years, i would say you need about 1000-1500BTC to get millionaire rank ;D.
I can't predict what would happen to bitcoin in next 3-5 years accurately, so maybe you just need to get about 500BTC or even 5000BTC to be a millionaire depend on bitcoin price on market in that time.

I wrote this just for you: https://bitcointalk.org/index.php?topic=946938.0

You need 800 coins.

do you really think being a millionaire in 5year is really even possible but I will pray to god that you became a millionaire and after being millionaire give me 5% of your property..btw I don't think gathering 800bitcoin are possible in 5 year you need 20-25years and a lot of hard work

You don't know the future. Me neither.
You need Bitcoin, you need a couple altcoins, you need some stocks, properties and gold too. As much as you can afford to gather.
If you diversify, you have a chance.

If you play all on Bitcoin card, you have 50% to win big and 50% to lose all. If you'd know for sure that it's about winning, you would not ask: you'd put all your savings into Bitcoin. But you don't. Diversify.

People who diversify don't get rich. They just preserve their capital. Nothing more, nothing less

This is as true as "people not winning at lottery don't get rich".

With so many options, if you have some start amount to invest, you have a good chance to win.
Of course, you have to use your brain and adjust when needed (like the ones who sold BTC at 1000$ and bought back - or not? - much later).

Yeah , I agree with you it really differs between a place and another one , for example 1 bitcoin in my country worth like a salary for 2 month in a lot of full time jobs

1M so even if it goes to 1$ you are still a millionaire!

Damn you Satoshi....  :P

No reason for many to put $1 million into Bitcoin, unless they have a ton of money to spare. No interest can be gained off of it.
Once Bitcoin stabilizes and increases steadily in value, then people will store their wealth in Bitcoin. Bitcoin's too young right now, and too volatile for the rich to do that. Once it starts an uptrend, there will be an explosive amount of growth, since more people know about it and want to jump on the train, it may fall just as visciously back down, unless Bitcoin finds it's place in society. Once it does, as little as 10 could make you a millionaire.

which country is that?

I meant 1M BTC lol  :o

I Think bitcoin can maximum rising up to $300 or $400 if good news will come ............ So you need 2500 BTC for becoming millioner ........

But i fear to say maybe we will see crashing to price $150 and never back to $200 .........

So No hope for buying ......... BTc is end in my opinion

If this thing really, really takes off, even 1 BTC will be enough in my opinion. So to be sorry, I would aim to have about 10 BTCs, stick them in cold wallet and give this technology a chance to really take off another 5-8 years.

Yes,it will be necessary to wait that amount of time. We need to wait that Bitcoin gets ready for the mass adoption, security, wallets, education of average Joes etc, all need to be improved and this takes time.

You need 50k bitcoins to be a millionaire!

I wouldn't worry about specific numbers...whether you have $300,000 or $700,000 or $1,200,000 worth of BTC, those are all GREAT ROI's. Just try to continually accumulate as many as you can in the meantime without overextending yourself. Prices will be cheap for a while most likely.

I believe the price won't be so much greater in 3-5 year period, not withouth something really important enough to force on another market boom.
So the amount of bitcoins you should have to be a millionaire will probably be around 2000, but that's sort of a worst case scenario.

You gotta factor the obvious up and down rates, so I say you need a sizable sum.

Maybe like 4-5,000 coins minimum.

Incase if you see the rate ever go back down to where it is now.

So if you want to be a millionaire, you already need to be one. That is most definitely the shortest route indeed.

Everyone should know that the fastest way to get a million is to start with two...

Regardless if they had a chance to get lot of coins is either done business really well.

Or you were the very few people about mining bitcoins with a gpu before the asic wars. Like that guy who bought pizza for 30,000 bitcoins or something I forget.

the first million is the hardest

50k btc,,,and keep save it
3-5 year later, you will be a billionare

to become a millionaire in the next 3-5 years I suggest you hold 1000 bitcoin. I guess it until you are old enough and do not need to work anymore :)

if you have one million you can consider yourself rich already, at least i would do in my case, one million is enough for retiring for me

you will need at least hundred thousands of bitcoin to become a millionaire in 3-5 years. because i don't think that bitcoin price is going to the moon, despite some people wish. it is going to grow but will not go to $10,000 for example.
take a price that you think is possible to reach in the future and then do the calculations. i say that price is going to be from $800 to $1500.