Bitcoin Forum

Buy 1 Bitcoin (https://www.youtube.com/watch?v=0zcn5qVIflA)

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron (https://twitter.com/TravisPatron)

Well if you can have patience for a long time you can do it exactly, because 30 years is not easy to do and it needs a lot of efforts to do in order to make your holdings of 1 btc will not be stumbled. Be firm on your decision and manage your finances will without any ideas of dumping or selling not in a right time, everything must be according to the right situation which could not end up to a profit loss. Make it the good idea of saving digital currency that makes good sense aside from saving fiat cash through banks at your local which will not gain good profit even though you put bigger amount, but still you won't gain great profit from it.

I think that 30 years is so long, in bitcoin investment, the people who got their hands in the first year of bitcoin, put them on the top in merely almost 8 years, which is 3.5 times less than your 30 years, I think if you are a bitcoin investor, 5 years is suffice. And not only effort is needed, you need a lot and lot of patience.

30 years is very long time, but it's worth. I remember when bitcoin price fall to $150 per btc, i bought around 200 btc after few years i got my investment. ;D i'm glad about it

Its too much time to hold 1 btc since the price of bitcoi is increasing fast.. i think after 5 years is good to sell them if the price was hit $5k value if you buy in the present price. look at the market price of bitcoin today it was drop from yesterday and right now we have $1,971 value and i think the price can be x5 in 5 years.. or after block halving.. and buy bitcoins again if the price was low and sell again after few years..

I agree with him on this because in the long term bitcoin supply does go up but the production slowly decreases every 4 years, which means that the bitcoin you own now may construct 10% of a block but in a decade it'll be 40% of a block.

There are 7 billion humans on this world, and if everyone started to use bitcoin, owning 1 out of 21 million would indeed put you in the top 1% or potentially even less than that. Even though the bitcoin price may seem high right now, it would definitely skyrocket after fiat collapses.

Lots of things can happen in 30 years.

But have 1 Bitcoin just in case is a worth advise.

I don't know what is the threshold for being among 1% rich today

I totally agree also Andressen Horowitz said that "I think it could be easily worth $100,000"  ::)

i admire anyone prepared to wait that long. i'll be on my way to the slaughterhouse by then so i'm not. you need to bet higher if you want the spoils. and it's more sensible to get what you need out sooner because who knows where tech will be by then?

The mathematics and widespread appeal just so happen to work out in favor of this argument. As long as word keeps spreading and the technology gets easier to use then more people are going to want it.

With 21 million Bitcoins ever in existence (even less due to "burned" wallets) and over 7 Billion people, you can make a pretty safe bet that the price will keep going up as long as supply meets demand.  ;D

It is definitely worth buying at least one. There is potentially a great future for cryptocurrency and bitcoin is in the lead. The worst thing that can happen is that you lose your investment. The best thing is you see your investment of one coin grow to tens or hundreds of thousands of dollars. People who are researching it now and don't make a small investment may really regret it later.

That is a good point. Something that seems to be overlooked often is that a lot of coins are 'lost' people were careless with their coins when they were not worth much and lost track of them. I read somewhere that there may be up to 30% of coins out of circulation. This is assumed by looking at addresses that have had no activity since bitcoin grew from a few
dollars or so to over $1k. How many people wouldn't have taken some profit at that point. So the actual amount of bitcoins available may be closer to 14 million.

You need to be patient and wait for 30 years for the price to go all the way high but if your rich you can easily buy lots of bitcoins but unlike me that i only depend on bitcoin for daily needs i cant really save bitcoins.
But if you're good at trading you can easily buy and sell crypto currencies and be rich in no time.

I agree with him. But 30 years is so long. Maybe after 3-5 years you will be able to see already the profit from your investment. Because, we all know that the price of btc is inflating from time to time. We will have a chance to get buy and sell bitcoin. But if so, it is very important to have a lot of patience if you really want to achieve this kind of goal. Good thing is that you on't have to do anything to earn. bitcoin will give you profit from the time you have invested it. Al you have to do is wait.

If only I have this big amount of money to buy 1btc, I  would love to.

We'll see, it's quite possible and considering that we're looking at the segwit agreement being implemented later this year there is a very high chance that there will be a lot of restored confidence, but I don't know if it will be putting you within the top 1% over the course of the next 30 years.
Maybe top 1% globally, but most people in the first world are already there.

Totally agree with that, because the bitcoin is limited product which is undergo the law of supply and demand so with that the bitcoin will still pumping every year as long as many people are supporting it rather buying bitcoin as long as the supply of the bitcoin will be lessen the price of it will still increase.

And for those who cannot buy, just keeping working hard with your faucets, surveys, services on bitcointalk, alt tradings and I'm sure in 30 years time, you'll probably own more than 1 bitcoin.
Be consistent and don't give up.

I don't know if I will still alive 30 years​ later, but buying 1 bitcoin and keep it for 30 years is not bad idea. I am just in crypto world for 1 years and I see how bitcoin move for 500%. Maybe I can't buy 1 bitcoin because of the price is too high for me, and I think just buying 0.xx is very  worth it if you plan to keep it for 30 years.

I don't think its ever going to get to that point, but I do think the price will rise substantially. Thinking 1 bitcoin will make you the 1% though is just a pipe dream.

as mention its really a good thing to have 1btc and keep it for 30 years even though we are not sure if we are still alive from that day
we are just needed to trust the system, a big possibility that after maybe 5 years we will see another huge pump coming from this investment
and moving to 30 years time frame it will be richness in returned.

Exactly, can you even imagine the value of 1%??
I dont think anyone has so much of patience to hold BTC for 30 years or so, every man has some needs or dreams and at a certain point, he/she will sell their BTC to fulfill them.

Well some people seem to think we are only a few years away from that, too much optimism in most bitcoiners and I wish people would be more realistic about the prospects and its utility.

30 years are you joking No way . Wait for 30 months its the maximum period to hold any stakes / shares now a days . I am not warren buffet to predict future after 3 decades i think its not possible lets discuss about next 30 months changes

i think the point he was making with that statement is that if everyone start to buy one bitcoin, we will eventually reach the point where the value will increase drastically

because not everyone can actually buy 1 bitcoin, but only a fraction of it, and the more the amount is spread among people in the world the more the value will be higher

still 30 years is too much of a prediction, i'm more in line with the satoshi prediction, by 2030 bitcoin will have proper adoption and the highest value already

years from the year is indeed very profitable for bitcoin holders bitcoin because by investing bitcoin, people who have their hands in the first year of the bitcoin, putting them well above. I think if you are an investor bitcoin certainly efforts necessary just a lot of patience in order to be lucky

I cannot wait for 30 years cause its very very long  time.  If  1 bitcoin can make me millionaire someday in a short period of time maybe 5 years will definitely  buy 10 to 15 btc and save it for 5 years.

Owning 1 bitcoin is a good start for an investor who want to have the chance but doesn't want to risk a lot of money. After at least 20 years of owning a bitcoin you can actually be a millionaire and that will give you a lot of chances to buy the things that you want and also afford the things that you can't afford back in the days. Having self discipline and right mind set is the key for this.

Many failed to realize the actual point in it. Holding 1 btc in 2013 will give 1500$ profit today after just 4 years. Even that is huge, why you even want to think about 30 years. Having small investment is not going to hurt you will give you better profit in future. All you have to do is buy and forget for sometime and wakeup by the heavy PR campaign and sell it.

The value of bitcoin started from cents to two thousands of dollars and I am sure that it will still go up in value. Owning one bitcoin could really make us in the top 1% financially within the next 30 years since I do believe that during that span of time bitcoin could reach or could touch the million dollar value. If you hold now and sell after 30 years then you are already a millionaire.

For many in the developing countries, 1 BTC is now equal to many months of a normal person's salary. I actually think this is a huge investment for most people in the world.

It won't take 30 years for 1 BTC to rise to a significant value. It will happen faster that you thought. Human brain is good at linear extrapolation, but bitcoin growth will most likely be exponential...

Bitcoin is a profitable investment. But 20/30 years is too long and we all want a profit in no time. I think 2 to 5 years is still reasonable. Oh yes look at this time we can see bitcoin price increase reaches 100% in just 1 month. Everything is unpredictable.

1 Bitcoin will never put you in the 1% and besides no one has time to wait 30 years to find out. How about we make some more realistic goals for what 1 btc should be worth and in the timeframe that is also realistic to most people.

Would the rise so far've been realistic to most people? ;)

 :o
I'm 17 so I can wait to spend my bitcoin  ;D

For young people who can buy 1 BTC and wait 30 years this is nice investment,risky but may bring a nice profit as supplementary pension.On the other side to predict what will happen in next 30 years is impossible,it is hard to say what will happens in next few months.

Can someone enrich one day just by the fact that he is the owner of 1 BTC?Depends on how you look on things,for someone price of 10 000$ would be a fortune,for some others even 100 000$ per 1 BTC is not enough.

Bitcoin is always a good place to invest, but to get a profit from it, you need to be patient and wait, stability is the characteristic of bitcoin, so you have to wait a very long time.

Yes it is good to own bitcoin now. Because i think that more years to come bitcoin will be legalize in all countries and people will invest on it. The bitcoin price will starts to increase.

Buying 1 bitcoin in market and hold it in a month’s or in a years, your 1 bitcoin will more than of that. When you convert your 1 bitcoin into dollar you will know how much the difference in the bitcoin to dollar. If you have 1 bitcoin try to trade it to gain more money. The price of don’t have exact value because in every seconds, minutes, hours and days has come the price of bitcoin will change. Having 1 bitcoin can also sustain all your need in a day.

I checked twitter account of Travis Patron. Apparently he likes to create catchy bumper stickers type of tweets.

For anyone interested - he also tweeted that:  

- More millionaires will be made with #Ethereum than any other technology in human history.

- Sad but true: /r/bitcoin has devolved in a censorship ridden cesspit. #bitcoin

- Owning 100 #bitcoin will give you the financial momentum to never have to work again.

Source: https://twitter.com/TravisPatron (https://twitter.com/TravisPatron)

With the current level of growth, if you want a simple life and do not need to work, you can store bitcoin in large quantities, however, it's a waste if you just store it and wait for the slow favor.

But that may have nothing to do with Bitcoin - deisik

Really, if you can buy (or already own, for the record) a whole bitcoin today, i.e. you've got over 2,000 dollars of what should otherwise be considered as spare money (financial capital), you are likely already in the top 1% financially and not somewhere within the next 30 years but right now. Obviously, just owning 1 Bitcoin alone may not be enough to put you inside the wealthy "elite", but I guess this bitcoin would not be your only asset anyway

Did a little bit research and I don't think that is possible. To be in the top 1% in this world you need to have an average income of at least $521,000 in US dollars which I don't think Bitcoin will reach. And to keep that in mind it must be annually meaning 1 Bitcoin is not enough to make you be in the top 1$, also even if its worth 521,000 usd you need to have multiples of it which I don't think Bitcoin will reach that kind of amount. Let us be realistic in our expectation in order not to be disappointed at the end.

It's impossible to time the tops and bottoms. You may think you are making a killer deal thinking you'll easily rebuy cheaper but it's simply put impossible to know what's going to happen with a such a volatile asset.

The only guarantee that we have is that the supply is shrinking, so if the demand is going up as well, the price will only go up long time. Im not selling my BTC unless I can retire and still keep a % of my portfolio in BTC pretty much forever.

True, if you are a normal citizen, you have a small amount of capital, you can buy a bitcoin as a savings for the future, with the incremental bitcoin index like the present, profit you Obtained from bitcoin can be equivalent or faster than savings deposit at banks. But it is very difficult for bitcoin to last so long, it will need a lot of innovation.

You're right, before we thinking about bitcoin in 30 years later, how about our life whether we still alive or die soon because an accident maybe. I'm sure bitcoin will reach fantastic price in 5 years, and more in 30 years later maybe around $50,000 if the increase is $1k-$2k per year. But, to put you in the top 1% financially in the world capacity, maybe not as you need billion of $ USD to reach that point or at least 500-1000 bitcoin I guess.

Good for you,but for me im too old to wait for a long time.
That is why when im going buy my bitcoins one month is already longest time for  me to hold my bitcoins.

Buying 1 bitcoin and sell it to the right time when the price of bitcoin is rapidly increasing is a good idea. If you have 1 bitcoin try to trade to gain more than 1 bitcoin.If you hold your 1 bitcoin in a month’s or in a year’s you will see how much the difference in the price.

Just to make comment on the part of owning 100 Bitcoins. In current situation wehen the price is on the way up with tendency to escalate this seems very possible. But we have to have in mind the volatility of Bitcpins and how easily the price could change. So, a year ago you neede 1000 BItcoins or more now it's maybe only hundred but who knows what the next period of time will bring.

For sure the next period of time will bring an increase in the price of bitcoin. I am sure about that. After it is adopted in Australia, the price of bitcoin will fly up. And besides this there are still facts that say that the price will rise

If you want to get a quick profit every bitcoin purchase, we need to monitor it every day, no need to wait until monthly or yearly as the market moves every hour. Many people think about big profits instantly but actually it can happen if we save a little profit earned every hour. Depending on how our attitude and activeness in processing it in various business in bitcoin, currently one bitcoin still affordable to buy. But I'm not sure for the next few years, or even next year.

Okay, with just a single Bitcoin you won't be able to "come to Hollywood and make it in the neighborhood". But if Bitcoin reaches 10k dollars per coin (which seems to be quite feasible within a few years), you may already consider yourself belonging to the top half of "this world" (and you will get there even if this bitcoin is your only asset). And to actually make into the wealthy 1% of the world population, you will have to wait till Bitcoin reaches 1M dollars per coin. Apart from that, according to the figure below, your total wealth should be counted, not income, i.e. all the assets that you own (houses, yachts, slaves, etc), which looks reasonable

http://s019.radikal.ru/i624/1705/2f/5f182af9ba28.png

As to me, it is easier to make (earn, trade, steal, whatever) 500 bitcoins than wait 30 years

Maybe it's very good, and can be very profitable in the future. Maybe it's not so damaging when bitcoin prices go down, but in a long time, I think bitcoin prices can go up really high, and even with 1 btc you might get rich.

It depends on how long would you be able to hold that 1 singlw bitcoin. The road could be very tempting since we might reach $3000-$4000 very soon. Realistically speaking though, 30 years is forever in crypto, and a lot more things could come along the way. Though bitcoin might not reach million per single coin, it can somehow be worh something that could help you in your retirement in the next 3 decades.

yes it is good, but for now just be patient more, it is good that you may wait a little bit and then try to buy it, im hoping that bitcoin price will be good at the end of thos year so i just hope that bitcoin will increase its value before the year ends. buy bitcoin when its a little bit than the price where it is higher , then choose to sell a half of it when it increase of a more than half of it and then the amount that has been left out is being stored and make it as an investment for the future.

Nice to hear that. I am now having 1 bitcoin. I will surely be rich in the future haha. I also hold 10 ethereum because I believe that ethereum is better than Bitcoin. Maybe in the future I will be rich

Yes I think buying 1 bitcoin will make you rich in 30 years or so but you have to have lots of patience. We'll never know how much bitcoin will be worth 30 years from now.

I agree and you should buy or keep more than 1 bitcoin if that's the case dude. 30 years is such a long time, so why not save or keep more than 1 bitcoin right?

30 years? I think that is too long. What if the price of bitcoin fluctuates or the market is changed? I'm not sure that.We can not exactly know the value of bitcoin in the next 30 years. Can get rich from 1 bitcoin?

30years is too long
Maybe 30 years later I'm dead

If this amount is insignificant for the author, then he can wait 30 and 40 years. But we need to make sure that in case of your sudden death (this also can happen and we must remember it) someone else had access to bitcoin.

I read somewhere that the threshold is a yearly income above one of the following (I post various currencies because
I don´t know your local currency) amounts:

>32400 $ / year
>30250 € / year
> 223000 yuan / year

Not sure how accurate this information is though, it could be a little higher nowadays.

30 years is just a perfect time on having benefit on bitcoin. Because we are all senior citizen that time and we need money for medication. But if we suddenly die then our family will benefit on it.

Buying one Bitcoin at this time looks a lot risky as its  price fluctuates like unsteady electricity current. In my country, the price of one Bitcoin even at $2400 is over 800 thousand. That's a huge investment and not easy to come by. One may buy it and the price crashes forever after a week. That will be money gone down the drain.

I am sure you get a huge profit from the purchase of 200 bitcoin it is because currently the price of 1 bitcoin reaches $ 2200

Most likely it could happen with reaching 2200 dollars took 30 years

Do you think that in the following 30 years BTC will remain the #1 crypto-currency? While the blockchain technology has a great future, couldn't BTC be replaced as the most popular crypto with a better coin in 30 years?  If so, the value could drop. For the next following years, BTC has high potential, but then? There's a few question and powerful competition too.

I think it won't. 30 years is a really long period of time, to understand how big you have to see Bitcoin charts. Bitcoin managed to go from 100 to 1000 dollars in a year and then back to less than 300 in another year and we're talking about 15 times more. There's so many cryptos appearing each year that there can be some revolutionary ones coming out in 30 years.

If bitcoin fails, every other altcoin there is will most likely to fail. Bitcoin has the most natural distribution over time which no other altcoin has. Yes bitcoin is also premined/instamined (doesn't matter now) somehow but it is way before it became popular. Many of those early coins were sold for little pennies and only a handful of people are still holding their coins since the first days of bitcoin.

Not a single altcoin has that natural distribution process. Plus,

The problem bitcoin is having nowadays is happening because bitcoin became popular worldwide and as a result some people (you know who, rhymes with Wu) who are driven with greed are trying to take over. This can happen to any altcoin which has the possibility of taking bitcoin's #1 spot.

If bitcoin can successfully banish this threat and keeps rising, there is nothing to worry about the future. If bitcoin loses, it'll pretty much show us the future outcome of every altcoin there is. (Failure.)

#UASF

Well good point, i have about 0.1 now so i am on my way haha!

This just means that Bitcoin will truly achieve greater heights in the coming years. I wonder how much is the price of bitcoin by then.

30 years is too long so why not gain more bitcoin while waiting for the 30th year from now? Having one is good, but having more is better I would say. Let's just hope that bitcoin will stay strong as ever.

Do it for your future children.

Agree, So this time I would really save a bitcoin so that in the next 3 years I think what I save today will grow tomorrow.
The future now is in bitcoin! Yes! Finally, I am lucky to see how we are lucky to have bitcoins.  ;D
I am just really glad that we are one when it comes in bitcoin and we learn each other a lot and we share a lot of things together with this campaign.  :D

I'll aim for that, although buying 1 BTC now became a quite expensive task for many countries like mine, where $2500 is a relatively big sum of money.

Yes, but it will take a very long time before we can be rich with 1 bitcoin and we still not sure how long bitcoin can survive and how the government going to act toward bitcoin, but if everything works fine then maybe in 30 years we can buy a lot of things with 1 bitcoin

The 30-year term is very long, I once bought 19bitcoin, at a price of 200 $ perbitcoin, and now I just enjoy the bitcoin price that touches the price of 2000 $, I am very happy to invest my bitcoin in my very full economy.

Yeah thats true no doubt because we all witness the bitcoin price chart kf increasing and decreasing in bitcoin price so no doubt about that but it would be worth of buying if you buy earlier maybe 2011 would be a great time to buy bitcoin and more than 1bitcoin will not cost you a lot of money.

i think if you can not buying 1 btc directly, you can buy by separately like small piece of bitcoin but you should do over and over until its completed 1 bitcoin. i think its really worth if you do from small parts into other smart parts because in the end, you are collected 1 bitcoin and you can save it into your wallet.

The right time to buy Bitcoin is when you got to know it, I don't think you knew about it in 2911 and it is so today that a lot of people don't know about it so buy yours now at the prevailing rates and in 5 years the newbies will likewise rue why they didn't buy in 2017. Owning one Bitcoin is great and I'm a proud owner of more than one.

Hello all!
Just to say, Bitcoin dominance is at the end. I think in 30years will be no more bitcoin

Wow, you got lucky mate, if you hold longer it will worth millions in the near future.

So much patience, and that is really hard, because when you just look at your bitcoin and you've seen it has a big profit, you will be attracted to convert or sell that bitcoins. But if you really want to wait that long, no one will stop you, it your choice. And also, no one will stop you from earning them in that long years.

I don't think that you can hold the Bitcoin or even anyone who can have 1 btc in his wallet​ and wait for long time of 30 years .
Because if you will hold 1 btc in your wallet then you will get 2-3 times profit of the buy rate of the Bitcoin yearly , so in the 2-3 years , you will get out of the control and due to greediness of your mind , you will your Bitcoin definitely .
So here in my opinion , instead to buy single Bitcoin , I would like to buy other altcoins whose price is increasing more speedily then Bitcoin like eth , dash , ripple , minero , dgb etc .
So here I will have the option to save my money and also increase my money in less risky way and will get net profit  .

That might not happen, there are a lot of countries that are accepting bitcoin and will accept bitcoin in the near future. Saying that, we all know that it will be more pricey and many people will be investing in the digital currency. That will be more used online and especially offline.

With the current development of bitcoin i'm pretty sure bitcoin will reach the highest price on next 30 years and also most of country will admit bitcoin as the currency but waiting 30 years it took more patience to do so but probably if we could not life untill that year we can bequeath our bitcoin to our childs or grandchilds so they could  life better with bitcoin

No matter what the price of Bitcoin, everyone keep trying at buying a little bit and adding to the total until the achievement of 1 Bitcoin is a possibility.

The value of a coin is not a factor in assessing its future; look at the needs of the market; presently, bitcoin has been accepted by many countries and will be more. This confirms the need to use bitcoin of the pupil will increase, while the number of bitcoin in the world is not enough to meet everyone's needs, so its value will increase even higher. That is why people buy bitcoin whether it is of great value

We do not know what would happen in the next 30 years theres a lot of thing will happen maybe good or maybe bad for bitcoin but for now you should continue to collect bitcoin until you can to make you rich in the future.

Yes, I agree with this gentlemen. Even 1 whole bitcoin is enough to be in top financial class in next two or three decades as we have already seen the exceptional performance of the bitcoin so far and I have no doubt in my mind that it will continue the same performance even though there will be several downfalls on the price chart. It is unregulated and hence, no one can control or interfere in it so I see a very good picture of the future.

I agree, with how things are moving and how bitcoin price is growing "and not just this spike, but from 2009" shows it's great potential as the currency of the future and yielding huge profit on us early investors, No one can predict but 1 Bitcoin which is expensive now might be a fortune in 30 years.

I think 3p years is very long time . They have possibke the bitcoin will not in online world on that year or bitcoin die. Because no one knows what is the future of bitcoin. But as of now many people investing in bitcoin so the price continiously increasing. Maybe you can hold it for 1 decade and for sure you will earn a lot of money after that. What if you have 100 bitcoin you can earn big but if you only 1 bitcoin you can earn money also but more bitcoin more money.

I think the BTC price will reach $ 10 000 or more, just like the ounce of gold.
At the moment when the value of the dollar will fall with ... it is not long time!
Comming soon...:)

I strongly disagree with this view

You make a sweeping generalization that every altcoin should (most likely) fail if Bitcoin is set to kick the bucket, but you don't specify the exact reasons for that. Therefore, it could be firmly said that this claim is untenable as such and thus cannot be maintained in general. Indeed, some of the causes leading to Bitcoin premature demise may heavily affect altcoins as well (I'm not going to question this point right now, though), but, for example, Bitcoin's death caused by the actions of ones whose name rhymes would likely make altcoins even more popular (a far cry from making them fall soon thereafter)

potential ? Do you really see the potential of it at that time? You did not even know it at that time, you are just a new member of this forum, what you say do not trust me.