Bitcoin Forum

I think if bitcoin hits 1 mil in 2020 I have a chance to become a millionaire by 2019. I have at least 2 btc in alts. Jus saying if btc hits 550k in 2019 and 1 mil in 2020. I'll be a millionaire with alts rather than bitcoin next year. Thank u and see u next year.

It is okay to earn money but the way how you and many other people expect to earn from just holding does nothing special in return for you rather than it might tweak your thoughts of thinking about investment but it won't make you do something such as working better etc. To my mind to hit 1mil till 2020 is huge milestone that might not happen, but who knows.

Hey Dude, you should stop following this silliness as Mc Shit said. There is so much potential in the alcoins at the moment under value. You get more potential in this direction than bitcoin. However, BTC is gold in this game but not anymore alone. So DYOR:)

Of course, there is a chance, but you represent which will be capitalization in the entire market. I will be glad for if it will happen but I doubt it

There is a possibility that this will only happen when countries that are banned from crypto are dropping, increasing investors, large investors are buying bitcoin.

Um, congratulations?
Hate to burst your bubble, but it is kind of clear that you haven't planned out the best way to cash out.

I'll refrain from being critical and just give advice because I am all about the positivity yo.

The first thing you need to do before you even consider being a millionare is to find out what the laws regarding taxes are in your country.
Specifically, for income derived from investments/securities/appreciating assets etc.
Then, you need to find out what your country would define crypo as so you know how much tax you should be paying.
So if you are from the us, and you cash out your crypto, than you would have to report that income as a security and pay tax on it.
Make sure you calculate how much you have to make OVER a million dollars minus taxes to truly become a millionare.

Then, you have to figure out how you are going to liquidate your btc.
If you do it through an exchange, they will take a percentage out for changing your btc to cash.
On top of that, you would need a high level of verification to get it all transferred in a reasonable amount of time.

Or, you could use a p2p website like localbitcoins to directly sell to someone, but localbitcoins also has fees.
The only way to save on fees is to truly go peer to peer, that means finding someone who is willing to buy your bitcoin.

So really, you would have to have an overall value of more than a million to actually have that million dolllars sitting in your bank and ready to spend.

I don't really like mcafees prediction. I'm not a fan of bitcoin as much. But he does makes sense. And hes one of the reasons why I got into crypto. Bitcoin will become a store of value. Still as digital currency as the internet will never go away.

It will not possible i suppose, This time i hold around a hundred bitcoin  ::) Even if bitcoin will have reached the total supply and it makes the bitcoin will worth 100k should be considered as the top of the price of bitcoin.
100k and i will become another millionaire. I guess you meant for next years and not a year.

U have a hundred bitcoins is everybody's dream.

It's impossible. You can count yourself. If bitkoyn will cost 1 000 000, the market capitalization of the Crypto-currency will reach 25 trillion. This is the third part of the income of the whole Earth. However, there is an exception - the inflation of the dollar by several thousand percent.

I wouldn't keep my hopes very high about it. If Bitcoin ever get so expensive this may be the worst thing that ever happen to crypto and can kill the whole market for years.

Very nice. I hope though that you have that mental toughness to hold that coins in your wallet so that you can realized your dreams of becoming a crypto millionaire. That is, if your prediction (or John McAfee) will hold true.

As much as everyone here is bullish about bitcoin, but 1 million = 1 BTC is far fetched in my opinion. Anyways if you are really interested in you are still in the mark towards 1 million, here's a bitcoin price tracker for you,

https://fnordprefekt.de/

Its all about John McAfee's prediction. And based on his computation, bitcoin is 3.xxx % below the forecast based on the current price.

you expect that, it's natural, everyone wants to be rich. Bitcoin prices reach that high? I do not know for sure, no one can predict the price with certainty.

Yes that's the tracker I been using. I just looked at again. I maybe early on my forecast.  ;D

McAffee should meet you lol  ;D

I do not think it will reach those figures in two years time. It will take more time but if it did, then many will become new millionaires.

The fact remains that it is not possible to reach a million dollars in a short period of time, people wont be trading when the price is at those valuation, i really do not see the price going that far in the first place, you need to have some realistic price for a coins rather than speculating something that is not possible in the near future as you need trillions of dollars to be invested in bitcoin to see those kind of valuation. :P

Remember bitcoin has a cap supply. Everyone wants one by the holiday season. At the dinner table they will be asking do you have one bitcoin. What's holding u back from buying into crypto? Lol.

I don't think that BTC will ever reach 1 mln, but 100 k is achievable on 5 year distance. So I am in this HODL game, but still prefer investing in alts and diversify portfolio  

Cant happen.It can rise but not that much.Governments will not alow that much for one coin and especially those who have a lot of coins and will sell as soon as it comes to specific price

bitcoin price is never can reach to 1 million dollar
only dream and joke

Congratulations then, it must be difficult to hold 2btc worth of alts. I hope that it would really reach that value by 2020 since it will all help us a lot. Keep up the good work.