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Bitcoin => Bitcoin Discussion => Topic started by: Abiky on January 06, 2022, 02:45:09 PM



Title: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 06, 2022, 02:45:09 PM
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. :)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: glendall on January 06, 2022, 02:55:42 PM
if you look at the past 10 years if you buy bitcoin at 10 $ I think yes. 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, 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


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Lucius on January 06, 2022, 03:35:32 PM
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.

You ask a question and give an answer - do you think Bitcoin will ever be worth $100 million? If you don't think so, then with 0.01 BTC you certainly won't become a millionaire in $ or EUR, perhaps in some worthless national currency. In developed countries with a high standard, even 1 BTC does not mean that someone who owns it will be considered rich even if the price reaches $100k or more.

On the other hand, 0.01 BTC even today means a lot in some countries, although $400 doesn't seem like much - some people can't earn that much for a whole year.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: pawanjain on January 06, 2022, 04:06:03 PM
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. :)

As you say, we would need bitcoin price to reach $100 million in order for us to become a millionaire with 0.01 BTC.
I don't think that will be happening until next 10 years. As the price of bitcoin is increasing it is taking more amount of marketcap to increase the price of bitcoin.
I can't even imagine how much marketcap would be needed for bitcoin to reach a price of $100 million.
Would we even be alive to watch BTC reaching that price though ? I certainly don't think so.
At the current state crossing $100k would be the first target which seems quite achievable.
1 million per bitcoin would be the next target which seems questionable for now.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mk4 on January 06, 2022, 04:09:11 PM
Owning bitcoin in itself right now won't make you rich. It's a lot more of the fact that it will give your savings a nice boost, compared to just holding fiat where the value is guaranteed to drop slowly but surely. Some people think that solely holding bitcoin will save get them out of poverty; nope. You're going to need to actually earn money, obviously.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: oHnK on January 06, 2022, 04:16:10 PM
This question may also have been asked by those who owned BTC from the start, but at that time many denied the future of BTC and said BTC was just a scam.  But look at those who in the beginning had only 10 BTC with a value of 10$ at that time, now have 10 BTC worth 420K USD.  Who would have thought it all?  BTC is a currency that has a role as a store of value, so there is nothing wrong with whether you can become a billionaire by owning BTC, because it has already been answered.  We just have to agree in the current bubble, don't be influenced by issues and hold your assets.  in the next 20 years no one can guess at what price BTC will be.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: NeuroticFish on January 06, 2022, 04:16:21 PM
What do you think? Is it really possible to become rich with 0.01 BTC in the future?

In theory sky is the limit, hence 0.01 BTC can make you rich somewhere in the future. I can't tell how far (or near?) will that be. People do talk about starting to think in satoshis and what you've presented is 1M satoshi.
Now, it also depends on what one thinks as rich. For some $1M is already there, some may go even lower than that, some may want to buy a $10M mansion as a starter. People are strangely different.

But then, sky may actually not be the limit. Because at this values, one could not send on-chain less than the equivalent of a good number of thousands of dollars, the minimum fee would worth hundreds of dollars already... and the world's fiat/wealth may not be capable to sustain that.

What I mean that there may be a chance that at some point people will get rich having 0.01 BTC, but at that point this amount will no longer be quantified in USD.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ararbermas on January 06, 2022, 05:03:08 PM
0.01BTC is enough capital and yes definitely it can make you rich especially if you know how to handle it and how to make it grow and etc. Indeed bitcoin is so very reliable when it comes investment or should i say proven and tested  wherein no need to worry because for sure with that kind of amount you can always get a good return after all.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: ChiBitCTy on January 06, 2022, 05:15:19 PM
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


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Raflesia on January 06, 2022, 05:17:32 PM
when I said a few years ago when the price of bitcoin was still considered trivial it would be very likely that we wouldn't even consider 0.01 bitcoin to be valuable. but for now, actually 0.01 is quite valuable especially if they can reach $100k of course it will be very valuable.

but maybe 0.01 bitcoin in the future in the next few years will be more valuable and we can be considered rich just because we have 0.01 bitcoin


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Falconer on January 06, 2022, 05:23:36 PM
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. :)
No, although bitcoin still has the potential to reach much higher price in the future, I don't believe 0.01 bitcoin will make me rich if I don't manage it well. If bitcoin can reach $1 million, then 0.01 is only $10K and that's not enough to tell people I'm already rich with that amount.

I'm also not sure to see bitcoin hitting $1 million in the future (maybe very difficult), but I'm very curious about how long it will take bitcoin to hit $100K. So if I consider price fluctuation then 0.01 won't make me rich. But if I have 100 bitcoin, then even now I can state that I am already rich with bitcoin. Lol


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Sterbens on January 06, 2022, 05:25:17 PM
Friends, don't worry or doubt, anything can happen in the cryptocurrency world. Do you still remember the $1 story that Davinci Jeremie suggested 10 years ago? Now that has proven that nothing is impossible if with 0.01 BTC in the future it will make us rich. It depends on how we are resilient by being long-term holders. It all started with doubts, in fact, the audience in Davinci Jeremie video regretted not following the advice he had given.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: DeathAngel on January 06, 2022, 05:29:23 PM
Owning 0.01BTC will not make you rich any time soon. It will one day but we are talking years here, like 30 or 40. Even then I’m going to advise you try & stack far more than 0.01 BTC.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mindrust on January 06, 2022, 05:30:34 PM
Depends.

...on lot of things.

How much money do you need to feel "rich"? 0.01 btc can make you rich indeed. I am pretty sure 0.01 btc is so big for a guy that lives in Africa, he is making retirement plans on that amount.

Few years ago, today's 0.01 btc used to have the same dollar value of 1 btc. BTC did x100 against the dollar since then. Would you consider yourself rich if BTC does another x100?


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Gozie51 on January 06, 2022, 05:32:52 PM
You can be rich with such amount of btc especially with the prospect of btc rising in the future. If you had a little amount of Satoshi forgotten in your wallet around 3 years ago, you will see how much you have today when you open it. $0.01 you have today as bitcoin is around $45k , it will not be same with $0.01 when bitcoin is $200k for example.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: SquirrelJulietGarden on January 06, 2022, 06:09:46 PM
It is possible and if Bitcoin keeps rising, I would become richer with any amount of Bitcoin I owe.

I am not sure rich here is millionaire or billionaire or simply richer is rich. If it is about millionaire or billionaire, we will have to wait for long to see 0.01 BTC has a value of $1M. I don't know I can live till that day to witness this unbelievable price of Bitcoin.

Positively, 4 years ago, 0.01 BTC did not have high value but now it is valued around $400 that is very cool. If Bitcoin reaches to $400,000, 0.01 BTC will be exchanged at $4,000 that is very good value. I think I can wait for that price and it is safer to hold 0.01 BTC and wait for a day I can sell it at $4,000 than invest in new altcoins.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Welsh on January 06, 2022, 06:16:08 PM
Depends.

...on lot of things.

How much money do you need to feel "rich"? 0.01 btc can make you rich indeed. I am pretty sure 0.01 btc is so big for a guy that lives in Africa, he is making retirement plans on that amount.

Few years ago, today's 0.01 btc used to have the same dollar value of 1 btc. BTC did x100 against the dollar since then. Would you consider yourself rich if BTC does another x100?
That's the real question. 100k to someone who's not living in a developed country is quite a bit of money, and probably is considered rich. Whereas, if you have that in the Western World especially that's not even enough for a roof over your head.

Almost everyone that's invested significantly into Bitcoin, i.e a substantial part of their wealth is invested in Bitcoin, would likely be either considered rich or much better off than they ever would be if Bitcoin x100, so there's not a lot to lose, right?

Okay, there's definitely a real chance that Bitcoin doesn't continue to go up, that's almost guaranteed at some point, though I'd say the outlook for the next couple of years are more or less pretty good.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: stompix on January 06, 2022, 06:26:01 PM
To become a millionaire with 0.01 BTC, the price of one Bitcoin must be $100m.

And thus the total value of the 21 million coins would be...2100 trillion, or about 5 times the total wealth of the entire world.  :D Of course, 100 million could be achieved, the problem is that by that time 1 million might not make you rich even in an average country, not a 3rd or 4th world one.

I doubt 0.01 would make us rich, and if it does it will probably make us so by the time it makes really no difference since we're too old to care, with 0.1 the situation changes quite radically, raising the bar to 0.5 and that a real possibility. But, as usual, even here is a catch, you need somebody who has 20k right now to invest, and you won't find that many in a country where you can live like a king with 1 million.

The second problem, if in order to escape poverty 500 million people would buy and own 0.01 BTC, making them rich , how are you going to define rich since there is 10% of the world population has at least the same amount of money as you?

Oh, wait, I knew I was missing something..
Since when is the purpose of BTC to make us all rich?  ::)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Welsh on January 06, 2022, 06:30:05 PM
Oh, wait, I knew I was missing something..
Since when is the purpose of BTC to make us all rich?  ::)
Since the media spun it that way. I'll be honest I'm not going to have any qualms about Bitcoin making me rich, while also guaranteeing me security, and the freedom to manage my own money. That would be pretty neat, but its never been the purpose of Bitcoin to make anyone rich. I see that as a useful side effect of popularity, and demand.

Unfortunately, the original purpose or at the very least the original message has been lost on many of then new investors we see today; that's exactly what they are speculative investors looking to make a quick buck. I'm not trying to ridicule that either, perfectly fine for them to get into Bitcoin because of that, but I do think the proper benefits of Bitcoin are lost on many of the people.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: haasanjui on January 06, 2022, 06:36:28 PM
0.01 BTC is equal to 431$ According to current price and that is not enough to make someone rich because it is less then 1k$ and we can't do anything from 431$. We can sell 0.01 btc and invest fund in another crypto coin then we can get little profit.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Upgrade00 on January 06, 2022, 07:08:13 PM
What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why?
No, it will not. 100BTC would not make you rich either as the purpose of bitcoin was not to grow wealth, but as a medium of exchange which does not require a third party. The value started from zero, so it naturally had to increase to reach its actual worth; hence the speculative value. This does not mean the price of bitcoin would keep rising exponentially forever, I believe it would instead experience reduced volatility and balance out at a certain value with time.

0.01BTC is a huge sum now for many and could get significantly higher, but simply hodling bitcoin would not make you rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: titular on January 06, 2022, 07:16:38 PM
This is a question of perspective and perspective only.

If bitcoin somehow surpasses $1M per coin, then 0.01 btc will only land you $10,000. If you are a person living in a third-world country, that 10k may classify you as "rich". That picture changes when you are in a more developed country. That same 10k in the United States will seem like a whole lot less.

My point is, you need to figure out what you classify as "rich" and then see what that 0.01 btc can do for you.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: The Cryptovator on January 06, 2022, 07:36:28 PM
The problem is there is no end to the future. We can't ignore that we can become a millionaire with 0.01BTC. Because we don't know what will happen after 50 years. Although there is no guarantee that we will be alive for more than 50 years, if Bitcoin exists during that time then we can expect that we would become rich and millionaire as well. Everything is possible in cryptocurrency. It would dump as well, we can't ignore that's also. Because Bitcoin is a volatile cryptocurrency pump or dump that would happen at any time. Same like we can't predict exactly but we can expect.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Zilon on January 06, 2022, 09:35:59 PM
Yes indeed owning 0.01btc can make you a millionaire if you can be patient enough to hold on to your coin following the high volatility rate of Bitcoin and how much investors are trooping into Bitcoin causing a high demand in the crypto asset. Achieving this with 0.01btc would determine how patience and discipline you can have when it comes to investment


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: dothebeats on January 06, 2022, 10:15:46 PM
Just look at how other people in the early days were able to make millions with the minimum investment that they had for bitcoin. Also, the masses still appreciate bitcoin more and more, and it still receives quite a lot of attention from deep pockets making it a viable investment still. But for your specific question, depends mainly on how much bitcoin climbs. Your 0.01 bitcoin might make decent profits, but still not enough to consider you as a rich person from where you are at.

Or the opposite could happen and bitcoin goes to nil the very next day. Who knows?


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Slow death on January 06, 2022, 10:33:10 PM
What do you think? Is it really possible to become rich with 0.01 BTC in the future?

this is impossible, if we look at the price of bitcoin and realize that it is impossible

If not, why?

because we would have to have a very high capitalization market to the point that it would not be possible to take money from all over the planet to buy bitcoin for the price to reach 10 million dollars


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ryker1 on January 06, 2022, 10:49:46 PM
Yes indeed owning 0.01btc can make you a millionaire if you can be patient enough to hold on to your coin following the high volatility rate of Bitcoin and how much investors are trooping into Bitcoin causing a high demand in the crypto asset. Achieving this with 0.01btc would determine how patience and discipline you can have when it comes to investment
Well, I would say --not now.
It could make you rich when bitcoin becomes more expensive like after another 10 years of existence and that year maybe you are rich enough.
That amount also can be used as your capital in trading, it could make sense if you are going to manage yourself for being massive losses.
Just hold it now and forget for a while, soon you will be rich on that amount.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Mahanton on January 06, 2022, 10:59:24 PM
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. :)
Possible but everything couldnt be predicted! We should be at least realistic when it comes to future goals because  we dont know on what would happen next because everything would really depending
or varying on the demand which simply means that dont anticipate on getting rich on having only 0.01 btc because considering on what would be the price of a whole coin with those fractions
then this is something a close to near impossible thing to happen thats why dont make your hopes up and stick and deal with the current trend as of this moment.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mynonce on January 06, 2022, 11:12:58 PM
What do you think? Is it really possible to become rich with 0.01 BTC in the future?

We don't know. But let's say someone asked the same question 10 - 12 years ago, then ...

Back in 2010, Joey Rich opened a thread http://bitcointalk.org/index.php?topic=987.0:
Quote
BuyBitcoins.com is back online.  Right now you can buy bitcoins with a credit card, or through paypal.  Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

50,000 BTC for sale - 15 bitcoins per dollar (0.077 dollars per bitcoin)

... like you, he/she would have invested ~100 USD and had bought 1500 Bitcoin.

If he/she asked that question 'Is it really possible to become rich with 1500 BTC', back in 2010, what would be the answer?
But most of them (BTC owners) sold at ~10 USD per Bitcoin.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Issa56 on January 06, 2022, 11:17:00 PM
I believe if you are having that kind of amount, I believe currently you should be financially fine am talking about my country I don't know about other countries because our living standard is just kind of different and I believe if you can leave 0.01btc for few more yeass then you will be very rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Natalim on January 06, 2022, 11:42:04 PM

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 is possible...Like if Bitcoin price will reach $1million, if converted to our local money, I can be a billionaire that time, who actually knows, right?

But not actually makes sense, for now, it can be far from happening but in regards to having 0.01BTC in your control, it was not enough to make you rich if you just hold them. Maybe if you use this to run for a business, that comes to possible but if not, it won't multiply on its own and it remains 1.01BTC till you decide to sell or add more.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bhooscream on January 06, 2022, 11:46:49 PM
What do you mean?
$100m? DO you know how much is that if compared to my fiat?
Maybe you mean $100.000 ($100k), not $100m?Actually, rich is dependable on who you are. If you are exactly rich people, 0,01BTC will not mean many things. But for the other people, it may be huge enough and enough to call themselves as rich. And it will also depend on in what country you are living.
However personally, I am not sure that owning the 0.01BTC means we are rich or we can be rich.
It needs more steps and also amount to call us as rich, and we may not need to acknowledge ourselves to be rich but other people will do it.
And if we are willing to use it for investment or trading to earn more profits, it means that we need something to work on this and get more and more profits to start being rich as we like.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Shasha80 on January 06, 2022, 11:55:06 PM
I believe if you are having that kind of amount, I believe currently you should be financially fine am talking about my country I don't know about other countries because our living standard is just kind of different and I believe if you can leave 0.01btc for few more yeass then you will be very rich.

Every country does have a different standard of living, if we live in third world countries, looks like having 0.01 BTC can already do a lot.
At least 0.01 BTC can be used for business capital, and if we use it well, we can become rich people. So after all Bitcoin can indeed help
the economy of many people, then for some poor countries it is not necessary to have 1 BTC to be rich. That is why it is very important
to collect Bitcoin according to our respective finances, in order to collect and improve our respective economies. Therefore, the popularity of
Bitcoin is increasing every year, because Bitcoin is proven to be able to create new rich people. The conclusion is how much Bitcoin we have,
if used properly will open up opportunities to become rich people.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: maju69 on January 07, 2022, 12:40:09 AM
I can define what being rich means to me, but I can't draw the conclusion that being rich according to other people. Which "Rich" fits the specs? Because everyone is different in the same content, but of course in terms of the standard of thinking of course in this case in the sense of "rich".


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bitterguy28 on January 07, 2022, 02:34:34 AM
If bitcoin in the future reached 1 million dollar value then 0.01 bitcoin will be 10 thousand dollars in which in some country that is a Big amount already and can give a good funds for starting business in real life.
But in our recent situation this amount does not bring luxury instead this is a Small amount to start with.
and if this will be valuing more than a million then no wat that someone will oppose that you will be rich then having this amount .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: riso2015 on January 07, 2022, 03:25:43 AM
human nature will never be satisfied with what he has, if he already has 1 coin, surely he will want 2 coins, that is human nature, which is always greedy and always not enough, if you say if we have 0.01 btc can we be rich, if according to my answer personally it depends on when we have bitcoin, if you have bitcoin in the past ten years maybe your life has improved, but not rich, but if you want to buy now most likely you will not be rich, because the price of bitcoin will never go up high like the price you buy now..


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: rozak on January 07, 2022, 03:46:00 AM
human nature will never be satisfied with what he has, if he already has 1 coin, surely he will want 2 coins, that is human nature, which is always greedy and always not enough, if you say if we have 0.01 btc can we be rich, if according to my answer personally it depends on when we have bitcoin, if you have bitcoin in the past ten years maybe your life has improved, but not rich, but if you want to buy now most likely you will not be rich, because the price of bitcoin will never go up high like the price you buy now..
it all depends on how he manages the 0.01 BTC he has. if it only lasts for 1-2 years, I don't think it will get any bigger in that time. especially if he just started this year. Thinking of getting rich quickly will certainly be difficult.
another possibility, he can exchange his 0.01 BTC. in simple skills should be able to acquire even if small for every day. and that can make the assets owned continue to grow. most importantly he knows when to enter and exit a trade


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: jhonjhon on January 07, 2022, 04:55:44 AM
Well, i think it is possible to become rich with 0.01btc and hold it for maybe 7 to 10 years from now. And you always have to consider rising prices as time marches on. It is also depend not only on your expecation but also on your age because we dont know what will happen next. Life is unpredictable. So live practically. Its not about being rich, just enough to live comfortably.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Poker Player on January 07, 2022, 06:02:02 AM
As the OP does not specify a time horizon, I answer no. 0.01 Bitcoin given a long time may become a good fiat equivalent, but at that point fiat will be highly devalued. Then we would have to see what is meant by "rich", but I would say that for that 0.01 Bitcoin would have to be equivalent to $1M today, and I do not see it. Apart from the fact that, as stompix says, this would mean 5 times the total global wealth, so no.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Chato1977 on January 07, 2022, 06:36:48 AM
It will take 10 or more years before that amount cover a 1 million dollar value so NO, this will not make you richer in the years coming.

but if we are talking generally in no time zone ? then of course if bitcoin reach a billion dollar value in the many years ? then yes we will be rich .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: AakZaki on January 07, 2022, 09:11:52 AM
~snip~

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. :)
Of course I think it can happen. If Bitcoin is not dead. If you look at the trade laws that have a limited supply, then of course BTC will be more expensive because of the desire and limited amount. But that's just an analysis that might happen beyond predictions that is purely market-like. Maybe if you just keep it it will take a long time, but if you keep trying to multiply your BTC it could have a shorter chance of making a lot of money. In essence take advantage of the current market conditions, because if you are disappointed to see the past it will not come back again.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Raflesia on January 07, 2022, 10:05:32 AM
it all depends on how he manages the 0.01 BTC he has. if it only lasts for 1-2 years, I don't think it will get any bigger in that time. especially if he just started this year. Thinking of getting rich quickly will certainly be difficult.
another possibility, he can exchange his 0.01 BTC. in simple skills should be able to acquire even if small for every day. and that can make the assets owned continue to grow. most importantly he knows when to enter and exit a trade
Things like this also depend on the person's intention to study and do research because indeed if we have 0.01 btc and only hold the coin then we will still benefit but it's a different story when we have 0.01 btc but traded of course this will into 2 possibilities the first is profit and the second is loss because this returns to the research conducted, taking advantage of the existing momentum and being smart in determining the position where we buy and where we sell


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: galambo on January 07, 2022, 10:29:25 AM
Well, i think it is possible to become rich with 0.01btc and hold it for maybe 7 to 10 years from now. And you always have to consider rising prices as time marches on. It is also depend not only on your expecation but also on your age because we dont know what will happen next. Life is unpredictable. So live practically. Its not about being rich, just enough to live comfortably.

There is no way we can predict how crypto market will behave after a week or month. We have to be realistic with our investments, nobody can wait for indefinite period of time to get profit. If I invest today then I expect good return in a year or two, so that I can use it for myself and for my family. Whats benefit of increasing your investment if you cant use it. 


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: lovesmayfamilis on January 07, 2022, 10:31:51 AM
Anyone who thinks that having 400-500 dollars in bitcoins can someday get rich, most likely measured out longevity for themselves. Well, or the concept of wealth for these people is quite modest. I know countries where $500 today is already a lot of money, on which you can live for a long time. But otherwise, such capital is a good fantasy, but it, as it seems to me, will not lead to reality.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: kryptqnick on January 07, 2022, 10:41:41 AM
I seriously doubt this is going to happen. If the price goes to even half a million, I can't imagine what it would do to the fees, with people buying more or selling while it lasts. This would bring way more attention to Bitcoin, and thus way more transactions. But I also don't think that being a millionaire is necessary for being rich. In my country, you can buy a flat for $50k, so having, say, around $100k, would make you quite rich. But that would still require the price to go well beyond what I consider reasonable, so I'd say that it's a safe bet that owning 0.01 BTC won't make a person rich. Unless, of course, we consider a very poor economy where people live for $3 per day, so having around $1k is considered being rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: panukurap on January 07, 2022, 10:58:58 AM
I agree with you that with just 0.01 Bitcoin coins you can become rich. Bitcoin has great value. Especially if we can make good use of 0.01 Bitcoin. We can invest with the BItcoin and increase its value so we will get more money. But you need to be patient to get the profit, not a day or two Bitcoin will make a profit, you really have to be able to hold your emotions. Don't let you sell it at a cheap price.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: YOSHIE on January 07, 2022, 11:08:43 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. :)
Depending on the country that has the lowest currency in the world, it might be rich, but if you live in a slightly developed country, I think the total bitcoin you have is 0.01 Btc, there is no value.

0.01 Btc, even though the price of Bitcoin broke to the level of $100k, not including the rich, if in total with the dollar only $1000 was earned, although, bought 13 years ago, I think it's still far from being a rich person, my opinion by having 0.01 Btc, not a rich person.

If you talk about 0.1 Btc, it might make sense, but still not classified as a rich person, only has $10,000 dollars, 1 Btc, yes, that's top, rich.

Just look here: What can 1 Bitcoin buy in your country? (https://bitcointalk.org/index.php?topic=5366161.0), let alone 0.01 Btc.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Questat on January 07, 2022, 12:37:46 PM
I agree with you that with just 0.01 Bitcoin coins you can become rich. Bitcoin has great value. Especially if we can make good use of 0.01 Bitcoin. We can invest with the BItcoin and increase its value so we will get more money. But you need to be patient to get the profit, not a day or two Bitcoin will make a profit, you really have to be able to hold your emotions. Don't let you sell it at a cheap price.
But I don't think how patience will work for all of us. If we are having 1BTC, that seems to be right and really a big money but for just having 0.01BTC? We can just use it all for less than a year or even lower.
What I think is that maybe converting that amount to our fiat money and using it for capital (business), well, that could help a lot. But if we just hold it, we do nothing with them, I can't imagine how it makes us rich. That is really a small amount to say that we become rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: VanityWallets2015 on January 07, 2022, 12:56:42 PM
In long term yes. Actually my first goal was to have 1 BTC through trading but I think it's a little bit hard for me so right now I'm into trading and managed to have around 0.01 BTC but compare it to the price now I think it's not enough but Bitcoin is for long term and for sure it will increase in the future so having 0.01 BTC saving was a good idea and probably make you rich in the future.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: doomloop on January 07, 2022, 01:32:22 PM
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.
This is not a surprise to me because I have seen people where discussing about bitcoin to be valuing 1 billion dollar in next 40 to 50 years of time. So, as per your calculations, people might need 10x lesser growth for bitcoin to be millionaire. When more people to join this crypto space with the plan of saving 0.01BTC for next few decades then bitcoin will test any huge price easily.

0.01 BTC will make you millionaire if you are capable of convincing more people to adopt bitcoin with long term plans (I am not mentioning this by having network marketing in mind but it is all about mass adoption of bitcoin).

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.
Yeah, people who understands the design aspects of bitcoin and its potential will definitely agree about such speculations on huge value of bitcoin.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Mame89 on January 07, 2022, 02:52:19 PM
Getting rich just by having 0.01 BTC for me is impossible if you just keep it in your wallet and wait for the value of 1 BTC to reach $100 million, how long do we have to wait for that uncertainty, besides the value of a person's wealth is also different, not all can be judged by amount of assets. ;)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: qwertyup23 on January 07, 2022, 02:56:43 PM
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. :)

Makes sense actually. Remember the times when the denominations and payouts of campaign signatures where around 0.05 BTC/weekly for Jr. Members? Every time a fork happens, its denomination is halved making it more inflationary and more valuable. That is why the value of BTC increases every time a fork happens.

To be honest, owning 0.01 BTC does not automatically make you rich but it does have the potential of giving you large amounts of resources in the future if you HODL it for long-term.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Baofeng on January 07, 2022, 03:26:27 PM
Rich as in becoming a crypto millionaire? Nah, I doubt that this amount will be enough though. I think the main goal for us is to really reach that 1 btc in our wallet and I think that will be enough to have a decent savings in terms of fiat. Or if you live in a country wherein the USD value appreciates then probably it can make you a crypto millionaire when the demand of bitcoin shoots in the next 12-16 years or at least 4 halvings.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: marilynmanson21 on January 07, 2022, 03:30:22 PM
Owning bitcoin in itself right now won't make you rich. It's a lot more of the fact that it will give your savings a nice boost, compared to just holding fiat where the value is guaranteed to drop slowly but surely. Some people think that solely holding bitcoin will save get them out of poverty; nope. You're going to need to actually earn money, obviously.

I think it's true, because I think the value of bitcoin could be 0, it's not wealth that is given but poverty that is obtained, think more rationally if you take conclusions in action, if you have made a profit, let go of your money in stabelcoin


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: amishmanish on January 07, 2022, 03:53:20 PM
Bitcoin is a currency. Owning a currency will never make you "Rich". Being Rich means you have a lot of diversified assets such that you have steady streams of income which will continue to serve even in your absence.

Owning something like Bitcoin is hardly a claim on future earnings. The "deflation" thesis can only work for so long. And in my opinion, that time has long gone. The people who were meant to get lucky on Bitcoin have already gotten so. Owning it or DCAing into it will no longer make anybody. It is now a source of returns and volatility above average than what other assets can offer.

What Bitcoin will continue to offer is access to knowledge and community that is hard to replicate or find elsewhere. The only way to get rich is work your ass off on all the stuff that keeps popping in 2-3 year cycles around Bitcoin, including Alts, NFTs, DeFi etc etc. Bitcoin gaming could be next. Lightning Network enabled DEXes and leveraged trading could be next.

Stack Sats but don't expect them to make you or anybody else rich. For example, if you are like me and not rich even after being here since 2017, then you are most probably amongst the people who will not just someday "strike" gold. Just do your work, say your prayers and hope that something good will keep coming along your way.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: BIT-BENDER on January 07, 2022, 03:58:35 PM
Buying and owning 1btc above now already show that you are rich, and had the purchase it, but other than that owning any BTC like 5 yrs before now show you had invested in it when it was low and you had watched it grow so  if you own 0.01 Btc five years ago you would be rich by now, and if you buy same amount today and keep it for the next five year I can vividly assure you that you would be rich, Bitcoin and crypto-currency makes millionaire with time, so all you have to do is buy that amount of Bitcoin right now and hold on to it, your riches would be unlimited.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: sirminesalot on January 07, 2022, 04:32:50 PM
It depends on where do you live, on american standart being "rich" is when you have networth around 2 mils USD, that means owning that little BTC won't make you rich right now and even in the future.
But from 0.01 BTC could you be rich ? ofcourse yes if you are lucky enough to invest on a hype tokens just like the doge and shiba inu before, but the chance is so small.
Or you are good enough to manage to 0.01 slowly and got stable profits every day, i'm sure you could be rich also


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 07, 2022, 05:16:16 PM
In theory sky is the limit, hence 0.01 BTC can make you rich somewhere in the future. I can't tell how far (or near?) will that be. People do talk about starting to think in satoshis and what you've presented is 1M satoshi.
Now, it also depends on what one thinks as rich. For some $1M is already there, some may go even lower than that, some may want to buy a $10M mansion as a starter. People are strangely different.

But then, sky may actually not be the limit. Because at this values, one could not send on-chain less than the equivalent of a good number of thousands of dollars, the minimum fee would worth hundreds of dollars already... and the world's fiat/wealth may not be capable to sustain that.

What I mean that there may be a chance that at some point people will get rich having 0.01 BTC, but at that point this amount will no longer be quantified in USD.

If inflation on Fiat keeps rising, then one can easily become "rich" with 0.01 BTC. But that's relative, since Fiat will cost a lot less in the future. Being a "millionaire" by then, would be like being a "thousandnaire" today. We should focus on getting more than 0.01 BTC just to help secure our financial future. 0.01 BTC equals 1m satoshis, so you'd be considered wealthy if "hyperbitconization" becomes a reality. People would start valuing things on satoshis instead, as Fiat loses its luster in the mainstream world. As long as you're able to gain financial freedom with Bitcoin, the rest doesn't matter. Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: romero121 on January 07, 2022, 05:19:00 PM
Holding as a whole seems to make you rich. If the question was asked ten years back, very few might've given a strong positive answer. Now 0.01BTC in today's value is $420. Just think of the same investment ten years back, now you could've turned super rich.

The growth has attained a level, we can't expect much bigger growth to happen beyond this. So, 0.01BTC won't make people rich. Maybe if lucky scenario could change. This is my personal opinion and this doesn't mean to mention anything negative.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Wawa2013 on January 07, 2022, 06:52:11 PM
In long term yes. Actually my first goal was to have 1 BTC through trading but I think it's a little bit hard for me so right now I'm into trading and managed to have around 0.01 BTC but compare it to the price now I think it's not enough but Bitcoin is for long term and for sure it will increase in the future so having 0.01 BTC saving was a good idea and probably make you rich in the future.

It depends on how we use the 0.01 BTC we have, if we hold it in the long term of course it can make us rich. We can also use 0.01 BTC as capital
for trading, so we will become rich if we can accumulate the profits we make from trading. Then regarding your first goal of having 1 BTC,
you should continue to fight for it until you actually get 1 BTC. As long as you try hard and don't give up, then I believe you can have 1 BTC.
Everyone has the opportunity to be rich, therefore never stop trying, as long as we continue to struggle to make more money then we will get
closer to being rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Kelvinid on January 07, 2022, 09:51:36 PM
In long term yes. Actually my first goal was to have 1 BTC through trading but I think it's a little bit hard for me so right now I'm into trading and managed to have around 0.01 BTC but compare it to the price now I think it's not enough but Bitcoin is for long term and for sure it will increase in the future so having 0.01 BTC saving was a good idea and probably make you rich in the future.

It depends on how we use the 0.01 BTC we have, if we hold it in the long term of course it can make us rich. We can also use 0.01 BTC as capital
for trading, so we will become rich if we can accumulate the profits we make from trading. Then regarding your first goal of having 1 BTC,
you should continue to fight for it until you actually get 1 BTC. As long as you try hard and don't give up, then I believe you can have 1 BTC.
Everyone has the opportunity to be rich, therefore never stop trying, as long as we continue to struggle to make more money then we will get
closer to being rich.
I'd rather have to make use of it to start a business than just hold them. If that went successful, I could really make myself rich but if we just keep it, I don't think so. Because 0.01 BTC is pretty small, maybe if the value of Bitcoin is $1million and having a chuck of 0.01BTC is really hue especially when converted to our fiat money. But what I've said, it never increases if we don't anything. So, there should have an incoming income from 0.01BTC or else, that will only be used for leisure and lose all of them.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: traderethereum on January 08, 2022, 02:08:43 AM
If someone can have 0.01 btc from a long time ago and he bought that when the price was very low, that will be worth it because if he sells his bitcoin now, he will make a lot of money.
But still, we are never satisfied with what we have and always want more to fill our hunger.
So even if the bitcoin price is at $100k or more, he will feel 0.01 is not enough and want to get more and more bitcoin as he can.
But if the price really hits more than $100k, 0.01 bitcoin is meant for us because that means we will make a lot of money.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Obito on January 08, 2022, 02:27:26 AM
Buying and owning 1btc above now already show that you are rich, and had the purchase it, but other than that owning any BTC like 5 yrs before now show you had invested in it when it was low and you had watched it grow so  if you own 0.01 Btc five years ago you would be rich by now, and if you buy same amount today and keep it for the next five year I can vividly assure you that you would be rich, Bitcoin and crypto-currency makes millionaire with time, so all you have to do is buy that amount of Bitcoin right now and hold on to it, your riches would be unlimited.

Given the ever increasing expenses for daily living everywhere in the world, I don't think that 1 bitcoin is ever enough to be considered rich or even survive for the rest of your life, maybe if it's reached a 100 million in value then probably my statement would be false but for now, it wouldn't be enough.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: oudomopo on January 08, 2022, 03:51:27 AM
I currently own 0.05 bitcoin so i think it's good enough to make you rich. If you invest $1k in the beginning of 2021, it would be like 2k today. If you are cheap, I would recommend invest 0.01 bitcoin to get the good earnings but it will take time. Right now, bitcoin is on life support and dropped 20k since November so watch out for another dipping.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: nullama on January 08, 2022, 05:20:45 AM
I currently own 0.05 bitcoin so i think it's good enough to make you rich. If you invest $1k in the beginning of 2021, it would be like 2k today. If you are cheap, I would recommend invest 0.01 bitcoin to get the good earnings but it will take time. Right now, bitcoin is on life support and dropped 20k since November so watch out for another dipping.

Bitcoin is definitely not on life support, it's stronger than ever, it just got it's 13th birthday.

Price fluctuations in the short term are irrelevant.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: batang_bitcoin on January 08, 2022, 08:51:25 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. :)
Maybe, depending on the location where you're going to value that 0.01 BTC * $1M. Let's make an example of putting that into $1M and that would be $10K in valuation. If it's in a third world country, that would make you at least financially stable but if we're talking about 1st world countries, that isn't really that much less the taxes. The most important thing to do is don't settle just for 0.01 bitcoin and hope that it will make you rich, the goal is to stack as many bitcoins as you can.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Chato1977 on January 08, 2022, 10:28:02 AM
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 .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: rodskee on January 08, 2022, 10:51:26 AM
why make it hard to own 0.01 when we can own more than that?

accumulate more bitcoin now and prepare for the future instead of limiting yourself from having that small amount of bitcoin.

i remember back in 2016-2017  that amount is just a signature payment for full member -senior account here in forum and you are expecting that to bring you to richer in future?

I don't think this will ever valued amount that will make us rich instead at least half a bitcoin is the amount to look at.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: KaliLinux on January 08, 2022, 11:15:46 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. :)
Yes for now it might not really seem as much but considering what could happen as you have mentioned, there is no telling how much Bitcoin could be in another 10 years from now, maybe 100X from its current price, and with that, some investors in some countries will definitely become rich :) but I don't think that will make most rich, so it should be more than Hodling 0.01BTC


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: ChrisPop on January 08, 2022, 11:27:05 AM
If Bitcoin becomes a widely accepted store-of-value asset, I don't see why not. With the rapidly advancing technology the productivity grows at an incredible rate that will produce large amounts of wealth. Heck, the humanity is now trying to expand to other planets as well. Think about all the locked resources we could find on other planets. The universe is abundant, but Bitcoin is so scarce.

0.01 = 1 centibit
21M BTC = 2.1bn centibits

By owning 1 centibit (0.01 BTC) and if we consider an equal distribution of the BTC supply to the 7 billion current Earth population, the net worth of each person should be around 0.3 centibits = 0.003 BTC. So by owning 0.01 BTC you have the wealth of 3 people together in an equally spread world. But that's not true in practice, because wealth concentrates in the hands of those who provide value to the society. So yes, I'd say owning 0.01 BTC could make you wealthy on the long-term.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: cheezcarls on January 08, 2022, 11:28:01 AM
Anything is possible but always acknowledge the risks and there are no guarantees or promises about getting rich by just owning at least 0.01 BTC. Right now Bitcoin is tumbling somewhere around $42k, so I am kinda looking to buy some when it consolidates for a long while.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: so98nn on January 08, 2022, 12:01:46 PM
[...]
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 would open up conversation by saying that nothing is impossible. The fact that bitcoin went from few cents to 50K USD in decade of time, its way easy for me to imagine bitcoin going to hundred k or million per btc coin is not that difficult. With the time bitcoin is gonna get deep routed into all the countries with proper infra structure. A time will come when bitcoin would be needed by everyone in a decades time.

Peeps right now are from the crypto generation. The students to teenage to adults to corporates everyone knows bitcoin and they use it or earn it by some means and other.

This is future force will keep the bitcoin going on and will make our dream of 0.01 worth millions.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: andriarto on January 08, 2022, 12:10:41 PM
considering bitcoin users are still 5% of the world's population, I think you will be able to become rich later. even though later it's not you, maybe your descendants will get financial freedom, where if all countries use bitcoin as the main currency. but no one can predict when it will happen. but what is clear is that your money will grow more than bank interest rates


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mich on January 08, 2022, 01:01:19 PM
Well since .01 btc is only 1 percent of a full bitcoin I don't think you will be rich in the future just hodling that small amount of coin.
NO better time to stack your bitcoins then during this Bear market.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Mauser on January 08, 2022, 01:12:07 PM

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 don't want to be the pessimist here but 0.01 BTC seems a bit small to become really rich. Of course that could happen in 100 or 200 years, but right now I would not say so. I could understand that 1 BTC might be worth a million USD at one point, but 0.01 seems small. We all should be able to dream of becoming rich, just not rely on it. Let's say we hold 0.1 BTC, then selling 0.09 right now because 0.01 will be enough to become rich is the wrong idea. My own target is to one day own 1 BTC, even then I wouldn't stop and buy more. So I agree with the long term trend of Bitcoins becoming more valuable, just not that valuable. But who knows, maybe I am wrong, being wrong and making more money is never bad.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: pawanjain on January 08, 2022, 01:16:54 PM
why make it hard to own 0.01 when we can own more than that?

accumulate more bitcoin now and prepare for the future instead of limiting yourself from having that small amount of bitcoin.

i remember back in 2016-2017  that amount is just a signature payment for full member -senior account here in forum and you are expecting that to bring you to richer in future?

I don't think this will ever valued amount that will make us rich instead at least half a bitcoin is the amount to look at.

0.01 BTC won't make us rich any time soon but the logic you have stated is very doubtful.
If you see it from that perspective then we must also keep in mind that people used to get more than 1 BTC for mining with a CPU back in early days.
Those coins come up to a very good amount these days. So we don't know how much 0.01 BTC could be worth in the next 10 years.
Although it might not make us so rich but it might add up to a pretty good amount if the growth of BTC price is exponential.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Russlenat on January 08, 2022, 01:26:21 PM
This is very inspiring, right now it's easy to own 0.01 BTC and I could not imagine that will be $1 million in the future of Bitcoin will reach $100 million. The question now is, is it possible for bitcoin to reach $100 million? I don't know but it seems too high and I think $1 million that time will have a lower value compared to the current value due to inflation, so it's just a game of number than of value.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: MIner1448 on January 08, 2022, 01:28:27 PM
I think that our generation, which will invest in bitcoin, will not work out as the previous generation with a price tag of 45-60,000 dollars. Now more and more people are investing in other projects at the start, expecting the same growth from them as from Bitcoin. Bitcoin needs a reset and is attracting fewer and fewer investors due to its very high price tag.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: LogitechMouse on January 08, 2022, 01:38:16 PM
I don't think so and I don't think that Bitcoin will reach $100M at least until the day I'm still living or not until 2140 when the last Bitcoin will be mined.

Its very hard to see that the main purpose of Bitcoin is slowly vanishing towards the minds of some investors and for the newcomers. They are introducing Bitcoin in a different way. They are introducing it as an asset and not as an currency. An asset that will make you rich but the reality is Bitcoin must be used to buy something without a 3rd party. Well, there is nothing wrong there but at least lets not take out in our minds that Bitcoin really is a currency.

One thing more is that, owning 0.01 BTC and just wait will not make you rich because obviously we still need to work hard and have more income sources in order to become rich. Rich people didn't invest and wait only but they built their own business that made them rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: molsewid on January 08, 2022, 01:55:37 PM
I don't think so and I don't think that Bitcoin will reach $100M at least until the day I'm still living or not until 2140 when the last Bitcoin will be mined.

Its very hard to see that the main purpose of Bitcoin is slowly vanishing towards the minds of some investors and for the newcomers. They are introducing Bitcoin in a different way. They are introducing it as an asset and not as an currency. An asset that will make you rich but the reality is Bitcoin must be used to buy something without a 3rd party. Well, there is nothing wrong there but at least lets not take out in our minds that Bitcoin really is a currency.

One thing more is that, owning 0.01 BTC and just wait will not make you rich because obviously we still need to work hard and have more income sources in order to become rich. Rich people didn't invest and wait only but they built their own business that made them rich.

Actually owning 0.01 will not make you rich not unless the value of bitcoin will reach the minimum of $2M then you can say to yourself that you are a self-made millionaire. Yes, maybe a $100M value of bitcoin will be going to make you rich even by just owning a 0.01btc but as of the moment because of the bear trends and with the current market value of bitcoin of $41.9k is too far from the reality of being rich just by owning a 0.01btc. 1BTC will definitely be a good number to own but this will probably be a long way to go to be able to own this kind of number but I believe everyone can possibly own this kind of number.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: ultrloa on January 08, 2022, 02:43:16 PM
I don't think so and I don't think that Bitcoin will reach $100M at least until the day I'm still living or not until 2140 when the last Bitcoin will be mined.

Its very hard to see that the main purpose of Bitcoin is slowly vanishing towards the minds of some investors and for the newcomers. They are introducing Bitcoin in a different way. They are introducing it as an asset and not as an currency. An asset that will make you rich but the reality is Bitcoin must be used to buy something without a 3rd party. Well, there is nothing wrong there but at least lets not take out in our minds that Bitcoin really is a currency.

One thing more is that, owning 0.01 BTC and just wait will not make you rich because obviously we still need to work hard and have more income sources in order to become rich. Rich people didn't invest and wait only but they built their own business that made them rich.

Actually owning 0.01 will not make you rich not unless the value of bitcoin will reach the minimum of $2M then you can say to yourself that you are a self-made millionaire. Yes, maybe a $100M value of bitcoin will be going to make you rich even by just owning a 0.01btc but as of the moment because of the bear trends and with the current market value of bitcoin of $41.9k is too far from the reality of being rich just by owning a 0.01btc. 1BTC will definitely be a good number to own but this will probably be a long way to go to be able to own this kind of number but I believe everyone can possibly own this kind of number.

And that is hard to reach since imagine how huge the demand needed before bitcoin could reach at that numbers you said also we should consider the bear market conditions since its a critical events where bitcoin price drops that's why I agree with you or the people other say that 0.01 cannot make you rich since this is only small fraction of bitcoin. Maybe if you own the whole 1 btc maybe its different story to tell in future.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Kadal Ijo on January 08, 2022, 02:59:22 PM
Of course this is very dependent on the price of bitcoin, to get rich with 0.01 btc the bitcoin price must reach at least $ 1 billion, the question is is it possible to reach $ 1 billion? the most important thing is that with bitcoin we can get extra money even though it doesn't make us rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: adzino on January 08, 2022, 03:38:49 PM
It can make you rich if the price of bitcoin is worth billions of dollars. So yeah, it will make you (probably dead you) rich but not now. Maybe after decades. Maybe not during your lifetime. But it is the crypto market. So nothing is impossible. Even if you invested on 0.01 BTC a decade ago or when bitcoin was created, you still wouldn't be rich today. But if you had invested back then the amount that is equal to 0.01 BTC today (around $400 USD), you would have already been super rich by now. Keep investing slowly and hold it for long term.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: ReiMomo on January 08, 2022, 05:42:26 PM
Is it ok for you to wait until just 0.01btc is grown to become rich? Yes when compared to today's price and yes you calculated correctly, bitcoin has to reach few million dollars. If you are ready and able to invest your income to buy 0.01btc now then, just either do trading and double your amount or if you are not comfortable with short term trade, you can go for long term trade as you already planned but as you did now, just keep investing periodically as much as you can and grow your capital. If you do this then yes you will become much richer soon before Btc reaches 2 millions.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ziskinberg on January 08, 2022, 09:12:04 PM
It can make you rich if the price of bitcoin is worth billions of dollars. So yeah, it will make you (probably dead you) rich but not now. Maybe after decades. Maybe not during your lifetime. But it is the crypto market. So nothing is impossible. Even if you invested on 0.01 BTC a decade ago or when bitcoin was created, you still wouldn't be rich today. But if you had invested back then the amount that is equal to 0.01 BTC today (around $400 USD), you would have already been super rich by now. Keep investing slowly and hold it for long term.
If we start an investment and grow our 0.01BTC that seems reliable to make it rich but if we just hold, I'm totally in doubts about it.
I'm not discouraging people to think of becoming rich when investing in Bitcoin as it was their motivation but we also have to bear in mind that it can only be just a dream if we tend not to increase our investment. The price of Bitcoin won't grow that fast and make reach $1million instantly so it is very impossible to make us rich out of this small amount, that was the truth.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: uneng on January 08, 2022, 10:03:05 PM
In my opinion it's a very exaggerated prediction which doesn't make sense at all even on the most optimistic scenarios. Just imagine the volume of money invested in crypto market needed to push every bitcoin to 100M$ dollars. For this hypothetical situation to happen, I suppose fiat system must completely crashes and be nuked before... Only the total loss of trust in traditional financial system and its alternatives could justify such impact over bitcoin price.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: jossiel on January 08, 2022, 10:53:07 PM
There's the other thread:  Do you guys think 0.1BTC is enough to "make it"? (https://bitcointalk.org/index.php?topic=5373686.0)

Well, I think that's more plausible having that amount than what the title indicates. That's 10x more than the example that's given by op on this thread.

Yes indeed owning 0.01btc can make you a millionaire if you can be patient enough to hold on to your coin following the high volatility rate of Bitcoin and how much investors are trooping into Bitcoin causing a high demand in the crypto asset. Achieving this with 0.01btc would determine how patience and discipline you can have when it comes to investment
How long you're going to wait until 0.01 btc becomes a million? Bitcoin has to be $100M/btc for that 0.01btc you're holding to become a million. Not impossible but I think that we're still far from that point.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Luqman on January 08, 2022, 11:33:28 PM
Is it really possible to become rich with 0.01 BTC in the future? If not, why?
This question will have no exact answer. Who knows what the BTC price in the future? Although BTC was increasing significantly in the last year, doesn't guarantee to have the same scenario in the future. Having 0.01 BTC won't result in anything if you cannot trade it properly. It only makes you rich if you can sell your BTC when it is at a high rate and meets the category as a huge amount of money.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Aossl on January 08, 2022, 11:37:14 PM
I don't think there will be a definite answer to this question. What is the future BTC price? Although BTC has grown significantly in the last year, there is no guarantee that the same will happen in the future. It only makes you rich if you can sell your BTC at a great price and fit the huge sums of money in that category.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Drnice on January 09, 2022, 01:44:52 AM
if you look at the past 10 years if you buy bitcoin at 10 $ I think yes. 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, 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

I agree with you, no matter how much a man or we humans have, it is never enough.
When BTC was at the price of $10, people who had it when it was at $5 were happy that they made profits, compared to when it became $60+, you'll see that there was a very big difference. Time is majorly everything, and if 0.01btc will get to the point of making one rich, then we will have to patiently wait for it, which could be 10 to 20 years away from now, and at that time, who knows how the cost of transaction fee will look like. Instead of waiting for that time, let's just watch the market and make the profits we can now, buy low sell high and keep moving, cause anything is possible sideways.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Yamifoud on January 09, 2022, 03:06:22 AM
I don't think there will be a definite answer to this question. What is the future BTC price? Although BTC has grown significantly in the last year, there is no guarantee that the same will happen in the future. It only makes you rich if you can sell your BTC at a great price and fit the huge sums of money in that category.
Maybe you are right but have we thought before that Bitcoin will become what it reached today, we don't...the same thing what you do now. Maybe I was more optimistic, yeah, I will still predict that Bitcoin will seize more demand than today, and the value increases. And I think the majority in here are still bullish too but to think about what OP had asked, that answer NO.
0.01BTC won't make us rich, not eventually. I can imagine owning more of it and maybe I become rich but this amount is too small to give us millions.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: peter0425 on January 09, 2022, 03:50:30 AM
I don't think there will be a definite answer to this question. What is the future BTC price? Although BTC has grown significantly in the last year, there is no guarantee that the same will happen in the future. It only makes you rich if you can sell your BTC at a great price and fit the huge sums of money in that category.
This is answerable by NO , 0.01 BTC? do you really believe that Bitcoin will have a value of 10 million or hundred million dollars in the future? because that is all what we need for this to make us rich.

but if bitcoin will make a value of 1 million dollar this 0.01 bitcoin would be 10,000$ amount that still lower to our living condition.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bitterguy28 on January 09, 2022, 05:33:48 AM
Well since .01 btc is only 1 percent of a full bitcoin I don't think you will be rich in the future just hodling that small amount of coin.
NO better time to stack your bitcoins then during this Bear market.
Yep , having more bitcoin is much better than keeping that 0.01btc. I Myself tries to invest and keep more bitcoin little by little that will stand as holding for more years, i even separate my permanent holding than my normal Holding(Long Term actually) and i will keep adding as long as i am capable of taking or accumulating bitcoin (and of course couple of altcoin as well)
maybe in 5-10 years , my permanent holding will valued x10 or more lets see what happens then .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 10, 2022, 11:27:31 AM
In my opinion it's a very exaggerated prediction which doesn't make sense at all even on the most optimistic scenarios. Just imagine the volume of money invested in crypto market needed to push every bitcoin to 100M$ dollars. For this hypothetical situation to happen, I suppose fiat system must completely crashes and be nuked before... Only the total loss of trust in traditional financial system and its alternatives could justify such impact over bitcoin price.

Inflation will lead us there faster than you could ever imagine. The more money governments print, the higher Bitcoin's price relative to Fiat will be. You will essentially become a "millionaire", but not rich. After all, people's perception about the wealthy will change after inflation. This means that being a millionaire in the future will be no different than being a "thousandnaire" today. Instead of "hodling" 0.01 BTC just to sell at a higher price in the future, one should accumulate more Bitcoin to achieve financial independence. It's all a matter of increasing your purchasing power in order to be able to buy as many things as you can in the mainstream world.

With how fast the US Dollar (and other national currencies are declining), we might be able to see one Bitcoin valued at $100m. Only then, people with 0.01 BTC will become millionaires. Ultimately, it's all about "hyperbitcoinization". If all (or most) countries worldwide adopt Bitcoin as legal tender, then things will be valued in terms of satoshis, effectively making you rich. As long as Bitcoin survives for generations, nothing else matters. Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Rigon on January 10, 2022, 11:54:55 AM
0.01 BTC is an amount according to current prices. This 0.01 BTC can give you good profit after 10 to 20 years.You have to wait long enough for this. But if you hold 1 BTC then you are expected to get it in one to two years.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: davis196 on January 10, 2022, 12:30:24 PM
Owning 0.01 BTC won't make you rich,because:
1.The Bitcoin price will never hit 100 million,10 million or even 1 million USD.
2.Bitcoin wasn't supposed to be a "golden ticket" to wealth.Satoshi didn't create Bitcoin for this purpose.

I'm wondering why are you asking this question.
Do you think that being rich is the main purpose of life?Do you think that your life will have a meaning,after you hit a certain level of wealth,when you could afford luxurious things?I don't think so...
What is your definition of being rich?Having a bunch of high value assets and doing nothing all day long?
A person with a meaningful life is more wealthy than a millionaire/billionaire with a meaningless life.



Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Rufsilf on January 10, 2022, 01:45:44 PM
0.01 BTC or $400 is definitely not that much and certainly ain't going to make you rich now as for every bitcoin is valued $41.9k as of today.
And even if you live in some underdeveloped nations or some parts in Asia, that 0.01 BTC won't be enough for you to live and eat for atleast a month. So, for now it won't make you live like a king, perhaps it could make you one if the value starts to plunge at $1M or more.
But in other perspective, that value will be enough to start a small business and could eventually make you rich if you can manage it well.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Sirait on January 10, 2022, 04:08:08 PM
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. :)
5 years ago if we thought Bitcoin would go to $100k then many people would mock and say we are crazy, but now I believe Bitcoin to $1 million is not a crazy prediction anymore. With the number of Bitcoins circulating only 21 million coins worldwide, it is possible that in the next few decades the price of Bitcoin will exceed $1 million per BTC.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: AakZaki on January 10, 2022, 04:32:58 PM
0.01BTC or less can make someone richer, depending on how they manage it. if it is used as trading capital and continues to profit, it will certainly reach 1BTC. all depends on how to do management with any capital. people with a BTC amount of more than 0.01 may just be poorer, because they can't manage it. in crypto anything can happen in an instant.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Zanab247 on January 10, 2022, 04:36:28 PM
It will not make you rich because the price of bitcoin has dropped since last year 2021. 0.01BTC cannot help you to live well like the way rich men are enjoying their life with huge amount of money in their wallet. Many crypto investors have more than 200 BTC in their account but they are not counting their selves among the rich men in the community.
Owning 0.01BTC will take time for the person to become rich because the amount is like $400k and it will take a long time for the money to improve. Investing $400k with bitcoin, since the price has dropped to $40k and in less than 2 years the person can become rich when the price hit $80k.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: haasanjui on January 12, 2022, 06:36:58 PM
0.01 BTC worth is 434$ which can't make anyone rich because it Little amount.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: goldkingcoiner on January 12, 2022, 07:21:38 PM
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. :)

You could have asked that very same question about 100 BTC just a few years ago when it was barely worth anything. People would have scoffed and laughed at you for even bringing up such a preposterous idea. But nobody would have thought we would see a price of over 60000 USD on the price chart. I think people still underestimate Bitcoin. I think 0.1BTC can definitely make you rich in the future.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Hioth666 on January 12, 2022, 07:23:54 PM
Owning 0.01 BTC won't make you rich,because:
1.The Bitcoin price will never hit 100 million,10 million or even 1 million USD.
2.Bitcoin wasn't supposed to be a "golden ticket" to wealth.Satoshi didn't create Bitcoin for this purpose.

I'm wondering why are you asking this question.
Do you think that being rich is the main purpose of life?Do you think that your life will have a meaning,after you hit a certain level of wealth,when you could afford luxurious things?I don't think so...
What is your definition of being rich?Having a bunch of high value assets and doing nothing all day long?
A person with a meaningful life is more wealthy than a millionaire/billionaire with a meaningless life.




Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Luqman on January 13, 2022, 11:59:22 PM
0.01 BTC worth is 434$ which can't make anyone rich because it Little amount.
0.01 BTC cannot result in a big amount of money now, but who knows it can make you rich if you are holding it for 10 years. BTC price can increase very significantly if you are holding it for some years. Just take a look at how much BTC price in the first BTC halving, it was only around $12 (early halving). Now, BTC price has reached its ATH above $60k after the latest halving (in 2020).

Please read: https://stormgain.com/blog/bitcoin-halving-dates-history



Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Renampun on January 14, 2022, 12:06:03 PM
0.01 BTC worth is 434$ which can't make anyone rich because it Little amount.
currently those who are in crypto are only about 3% of the entire human population in the world...

bitcoin price hit $50k with only 3% of people in the world what else if those in crypto increase to 100% of the world's population then we will see bitcoin price explode high. bitcoin price will continue to potentially cross $500k.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: PreciousH on January 14, 2022, 12:19:46 PM
Owning 0.01 BTC which is approximately around 500 dollar, one can secure a 13 percent position in the world and makes you rich. By comparing the fiat and bitcoin markets the top 13 percent is as exclusive as fiat millionaire.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 14, 2022, 03:14:16 PM
You could have asked that very same question about 100 BTC just a few years ago when it was barely worth anything. People would have scoffed and laughed at you for even bringing up such a preposterous idea. But nobody would have thought we would see a price of over 60000 USD on the price chart. I think people still underestimate Bitcoin. I think 0.1BTC can definitely make you rich in the future.

Exactly. No one ever thought Bitcoin was going to become an extremely valuable cryptocurrency in the future. It's now the day where Bitcoin is hovering above $40k, due to its deflationary design. 0.01 BTC may be worth around $420 at today's exchange rates, but it could be worth $1m in the future if Bitcoin continues to reach new All-time-highs. With 90% of all Bitcoin mined, it seems to me that we may not be that far from seeing "hodlers" of 0.01 BTC becoming rich in an instant.

Ultimately, Bitcoin is all about utility (not untold riches). As long as Bitcoin is useful as a decentralized cryptocurrency no one can take down, nothing else matters. Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Rengga Jati on January 14, 2022, 10:55:38 PM
Actually, the definition of rich is probably difficult to decide.
For some people, 0.01BTC will mean nothing. but for others, this will mean many things and also consider that they are really rich with that only 0.01BTC.
So, the question is about our own self:
- Who are we
- How we will manage that 0.01BTC
- How we will use that 0.01BTC
- How long we will maintain or hold that 0.01BTC, this will decide the value in the future or right now.
For me personally, right now, 0.01BTC will not me rich, but it can help me to do something worthier again with that capital.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: OgNasty on January 14, 2022, 11:19:59 PM
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. :)

The answer is almost certainly, "No."

Even if Bitcoin did hit $100,000,000 per coin (unlikely), the macro economic environment that would have caused it would make $1,000,000 barely enough to pay your bills for a year.  Certainly it wouldn't be considered rich by any means.

I think if you want to feel rich, buy a dog.  They'll follow you around begging for food.  It's not that different from being wealthy.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Hispo on January 15, 2022, 02:52:18 AM
I don't believe 0,01BTC will make anyone rich any time soon, but that is not a reason to feel discouraged. Having a good asset like Bitcoin to earn some money in the long run it is not a bad idea.

On the other hand, the freedom itself that Bitcoin can bring (and has brought) to their users are more than enough of a reason to hold some as well.



Title: Re: Will owning 0.01 BTC really make you rich?
Post by: ancafe on January 15, 2022, 03:17:09 AM
well, in the crypto world, especially bitcoin, everything seems possible. if the bitcoin price reaches $1m, then, owning 0.01 bitcoins alone is equivalent to $10k. Yeah, that's a lot of money. however, at $10k, it's not yet rich. it will make you rich if you find another investment place that can turn $10k into millions of dollars. Well, we don't know what will happen in the future. however, preparing 0.01 bitcoin at this time is not a difficult thing. So, if many people believe that with 0.01 bitcoin can make them rich in the future, then they should hold at least 0.05 bitcoin to prepare for it. if the bitcoin price reaches more than $1m, then with 0.05 bitcoins, it might be rated as a rich person.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: LUCKMCFLY on January 17, 2022, 04:39:39 PM
I am one of those who think that around one to 10 to 15 years those who have that amount of BTC will be rich, the reason is simple, if BTC is about to reach $ 100k and surpass the mark, I think that in about 15 years, the The price of BTC will be through the roof, it will be something unique, and for this reason that amount of BTC will be enough for 1 person to live in peace and with the comforts he deserves.

Currently it does not represent a lot of money, because for some it is easy to make 0.01BTC, at the moment although the price has dropped a lot, I think it is still very good money, so it is considerable what can be appreciated in a few years.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: topbitcoin on January 17, 2022, 05:24:17 PM


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. :)
0.01 from $100.000 is $1000 is an average money that people mostly already have, and we can see it need years to reach that price because bitcoin price which is volatile and maybe still need very long time to be happen. Maybe 0.01 can't made us a billionaire or if we really want to wait for it can happen will cause us to earn more and maybe hold more than only 0.01BTC at that time.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: RapTarX on January 17, 2022, 05:30:10 PM
You will not be rich I guess. You will have more USD worth of crypto but one BTC = $100m will only be acheivable when US will releases TONs of money supply into the economy. Guess what? Inflation will eat your BTC. I don't think BTC will be such expensive anytime soon. $100m is quite high; 1000x from $100k. That's too far to guess even. I wouldn't expect anything more than $1m each BTC.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Newlifebtc on January 17, 2022, 06:18:44 PM
You will not be rich I guess. You will have more USD worth of crypto but one BTC = $100m will only be acheivable when US will releases TONs of money supply into the economy. Guess what? Inflation will eat your BTC. I don't think BTC will be such expensive anytime soon. $100m is quite high; 1000x from $100k. That's too far to guess even. I wouldn't expect anything more than $1m each BTC.
Any amount of money you have will make you rich if you follow the right way or you channel your money for better business that brings something good for you, now I'm noticing that the way some one mis regards small money when big money comes the same body will not values the money also, 50 usd is money, 1million USDT is also money


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: virasog on January 17, 2022, 06:53:25 PM
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. :)

The simple answer to this is Yes, you can be a rich person if you own only 0.01 BTC but you will not become wealthy anytime soon. It may take another 10 - 20 years and you will find yourself among the lucky person who owns 0.01 btc.

Many people who have 0.01 btc now, may not be having it after 10 years because usually people sell when the prices rise and wont wait so long. The best way is to save 0.01 in a separate wallet and never ever try to spent it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Vaskiy on January 18, 2022, 04:24:40 PM
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. :)

The simple answer to this is Yes, you can be a rich person if you own only 0.01 BTC but you will not become wealthy anytime soon. It may take another 10 - 20 years and you will find yourself among the lucky person who owns 0.01 btc.

Many people who have 0.01 btc now, may not be having it after 10 years because usually people sell when the prices rise and wont wait so long. The best way is to save 0.01 in a separate wallet and never ever try to spent it.
In today's price 0.01BTC values around $410. Five years back 0.01BTC values just $8. So, in five years time $8 have turned to $410 and to the max $687. This is a massive difference between five years time. We don't know what will happen with next ten years. Beyond certain limit growth can't happen, because the market matures and the growth pattern varies. Think of the early days and the present. To be wealthy or rich through 0.01BTC holding might happen after 10-20 years, but the chances in my view is very minimal.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: tabas on January 18, 2022, 06:04:35 PM
To be wealthy or rich through 0.01BTC holding might happen after 10-20 years, but the chances in my view is very minimal.
I can say that in first-world countries even if you have 0.01BTC, that won't be enough if the price of bitcoin is estimated at $500k-$1M. It's still a small amount for them but coming from an investment, it's an important part of their portfolio that's still going to bring them profits.
If bitcoin goes by $5M in the next decade or so, that will mean $50k in valuation, and in the third world and developing countries, that would be quite hefty of money but due to inflation, still its buying power will become lesser.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: diamond_shine1 on January 18, 2022, 11:36:43 PM
currently having 0.01 btc can not be called rich, maybe in the future having 0.01 btc can be called rich,
but for me now 0.01 btc is valuable because from 0.01 btc we can grow if we have a good trading strategy and maybe with this we can get rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: pushups44 on January 19, 2022, 02:54:49 AM
I think a one million dollar target is feasible within say the next 10-15 years. At that point, each satoshi will be worth a penny. So here's one way of looking at it:

How many dollars do you believe you will need? Let's say in 15 years, with inflation, $500,000 would be a bare minimum of savings (maybe it's a lot in some countries). If so, you will need 0.5 bitcoin.

But let's say you are diversifying, so that bitcoin is just one of many assets you own. In that case, if bitcoin is 20 percent of your portfolio, 0.1 should be your goal.

If you treat bitcoin in fractions, you will find it to be very accessible.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: btc78 on January 19, 2022, 03:13:08 AM
Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Lordshiva on January 19, 2022, 04:22:08 AM
Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .
0.01 btc is a bit less if you wanna get rich as 10 million dollar for bitcoin is not happening in few years. Even one day when it happen may be too late. 0.1 btc can you rich in coming years and that is my target.
Becuaee owning whole bitcoin is pretty difficult for me a this stage.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: rozak on January 19, 2022, 04:26:11 AM
Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .
with a current value of 0.01 BTC of course it would be difficult to expect to reach $10 million.
the only thing that makes sense I think is to buy a little every time we have some extra cash. such as periodic investments when we receive a salary and partly we buy BTC. we can keep it for a long time and we will see the results in the future.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: lienfaye on January 19, 2022, 04:43:59 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. :)
Well, there's a possibility, if the price of Bitcoin continuously increase in the future. However it might take a long years since we're only talking of 0.01BTC here. If an investor really want to become rich by investing in BTC then he/she needs to buy more to hold for long period.

Anyway one thing im certain is, those investors who are patient enough and can hold his 0.01 BTC for long period can surely gain in time.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: LuizX on January 19, 2022, 04:44:29 AM
this is really the million dollar question
assuming that whoever bought 5 dollar of btc in 2011 knew that in less than 10 years he would be a millionaire do you think anyone would sell or exchange their BTC? because the future is uncertain, speculation, market, government, X variables....
0.01 BTC millionaire ? I believe not in the short term, but at least 1 BTC in your wallet is likely based on the market, the short and long term trend is very good.
But whoever has 1BTC is already rich... it depends compared to what and where....


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: BuNga_cute on January 19, 2022, 05:23:29 AM
Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .
with a current value of 0.01 BTC of course it would be difficult to expect to reach $10 million.
the only thing that makes sense I think is to buy a little every time we have some extra cash. such as periodic investments when we receive a salary and partly we buy BTC. we can keep it for a long time and we will see the results in the future.

Actually it depends on which country we live in and everyone's understanding of rich is different. So maybe there are people who feel rich
by having 0.01 BTC, but it's clear to me that getting rich has at least 1 BTC. Indeed, if I had to buy 1 BTC directly, I couldn't afford it,
because my income wasn't too big either. But to get 1 BTC, we can buy Bitcoin according to our respective financial capabilities on
a regular basis. As you explained, we separate a portion of our income each month to buy Bitcoins. So having 1 BTC can be achieved,
as long as we work hard and have a strong desire, there will always be a way to get what we want.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: dataispower on January 19, 2022, 02:30:08 PM
currently having 0.01 btc can not be called rich, maybe in the future having 0.01 btc can be called rich,
but for me now 0.01 btc is valuable because from 0.01 btc we can grow if we have a good trading strategy and maybe with this we can get rich.
I support your opinion, because it's only in future 0.01 will you make you reach person if have the amount of bitcoin, but people is concluding that 0.01 can some one to be rich person, i can agree but the problem is the country you are, some body exactly that countries we found ourselves into will determine the value of 0.01 if you are rich person or not, but no how and amount it will be if is allow to stay up to long


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: piebeyb on January 19, 2022, 03:56:54 PM
if we repeat 8 years ago maybe 0.01 BTC is very cheap but if we look at it today it is quite worth it but I'm sure if the price of BTC touched millions of dollars it would be more valuable, it's just that we never know bitcoin will touch its new ATH price above $100k or nothing, but to get rich at least you need to hold over 1 BTC


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: BITCOIN4X on January 19, 2022, 04:55:35 PM
Abiky, 0.01 bitcoin does not make us rich because it is only worth $410, but if you ask if 10 bitcoin can make us rich then I firmly believe that whoever owns it can be said to be a rich person. Actually I was wondering why you didn't ask about numbers greater than 0.01, do you have any other purpose than wanting to know how people call themselves rich when they have a certain amount of bitcoin?

if we repeat 8 years ago maybe 0.01 BTC is very cheap but if we look at it today it is quite worth it but I'm sure if the price of BTC touched millions of dollars it would be more valuable, it's just that we never know bitcoin will touch its new ATH price above $100k or nothing, but to get rich at least you need to hold over 1 BTC
1 bitcoin is now worth $41K, it will cover some lifestyle needs like buying a car or just a luxury house which equates to $41K. Of course I have different assumptions about how I declare myself rich, but 1 bitcoin can't really change social status from poor to rich today because the value of the currency is much lower than the value of the goods.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Henrobakkara on January 19, 2022, 05:09:40 PM
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 don't think so for now. This is still way too low to become rich over, yeah it will definitely get you some things you will need but this amount of 0.01BTC cannot get you rich even if one BTC were to at $1million and even in my country, that amount wouldn't get you a house in a middle-class area, so this is not the amount but maybe like 0.1BTC and with a $1mill per BTC  ;)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 20, 2022, 01:29:51 AM
I am one of those who think that around one to 10 to 15 years those who have that amount of BTC will be rich, the reason is simple, if BTC is about to reach $ 100k and surpass the mark, I think that in about 15 years, the The price of BTC will be through the roof, it will be something unique, and for this reason that amount of BTC will be enough for 1 person to live in peace and with the comforts he deserves.

Currently it does not represent a lot of money, because for some it is easy to make 0.01BTC, at the moment although the price has dropped a lot, I think it is still very good money, so it is considerable what can be appreciated in a few years.

As they always say, "the sky is the limit". If Bitcoin went from being worth nothing to thousands of dollars (USD) a few years after its launch, they it could easily reach prices far beyond $1m. Those who hold 0.01 BTC now, might get lucky in the future as mainstream adoption grows non-stop. Knowing that inflation is on the rise, $100m per Bitcoin will become a reality faster than you could've ever imagined. It's not a question "if" you'll become rich with 0.01 BTC, but rather "when". I'd advise anyone to accumulate more than just 0.01 BTC to become a multi-millionaire within the not-so-distant future.

Ultimately, what matters is not the price per coin but rather its usefulness. As long as Bitcoin brings financial inclusion to anyone, anywhere in the world, there should be nothing to worry about. Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: filmesoydo on January 20, 2022, 03:02:45 PM
Yeah...probably,not 100% depending on btc price,but people often forget that,country,living and economics plays the bigger part in that question,if its a third world country,sure,you will probably live like a king,but on New York or London ? in that case i wouldn't have my hopes up.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: BitTalk21 on January 21, 2022, 08:17:39 AM
It's very certain to become rich with 0.01BTC. I have 1 btc in 2014 and ready to sell it even comes near 2k.
after watching todays market many old bitcoiners had done big mistakes no one can predict what future is going to be.
0.01 is a nice investment if it keep increasing on same rate.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: KaliLinux on January 21, 2022, 08:34:45 AM
The question is, how do you own 0.1 BTC in 2022 ?. If you look at the value of bitcoin and market place, it's hard to earn such an amount. The only way to make 0.1 BTC is an investment, but it means you're already rich if you're buying it. Why would you believe it when you already have enough money?. If you go back and invest like $8 to $10, it might become rich. But in today's generation, no one can earn such an amount, not even with mining.

I don't think it is a question of you investing in it once, this is where most people get it wrong. Bitcoin and other cryptocurrencies happen to be what you can buy in bits which is also good, that give the average investor an opportunity to buy little and little to be able to accumulate to that amount of 0.1BTC and I believe this is doable which is the whole essence of DCA.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: fenican on January 21, 2022, 03:23:52 PM
No. It means you are a $400'anaire, give or take depending on market price.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: CDC AP on January 22, 2022, 06:53:33 PM
I can define what being rich means to me, but I can't draw the conclusion that being rich according to other people. Which "Rich" fits the specs? Because everyone is different in the same content, but of course in terms of the standard of thinking of course in this case in the sense of "rich".


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: doomloop on January 22, 2022, 08:40:22 PM
It's very certain to become rich with 0.01BTC. I have 1 btc in 2014 and ready to sell it even comes near 2k.
after watching todays market many old bitcoiners had done big mistakes no one can predict what future is going to be.
0.01 is a nice investment if it keep increasing on same rate.
If ever you still have your 1 btc today, its value is still far from a million dollar or not unless if your living on the countries where the dollar rate is much higher. Being rich could also depend on our preference and not does not only equate to a million cash.

Some people will feel rich already if they have hundreds and thousands of cash. 0.01 btc would not make us rich by now but 0.01 btc has a nice value and will only get better as time passes by. 0.01 btc is also not the max limit that a person can hold but it will be better if you can gradually add more btc in to your stash.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: DoublerHunter on January 22, 2022, 09:01:40 PM
I can define what being rich means to me, but I can't draw the conclusion that being rich according to other people. Which "Rich" fits the specs? Because everyone is different in the same content, but of course in terms of the standard of thinking of course in this case in the sense of "rich".
^ Speaking of rich I think it has a consistent source of income, it is really hard to determine a rich but for me, this 0.01 BTC is enough amount that you will get rich in the future, that is still a small amount right. 1-2 BTC is considerable because it has a million dollars value and for sure you will become rich on that. Probably after years and sounds 10 years from now, it could be that amount seems hard to have because of its value. Dont expect too much when you are investing in crypto but be wise enough not to sell your coin under the price when you purchase it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: TribalBob on January 23, 2022, 03:34:21 AM
0.01 btc will make you rich in the future I think 'yes', because we don't know the price of bitcoin in the future can go up or down but I'm optimistic that my bitcoin will give you wealth in the future and hope it's when I really need money


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Dr.Osh on January 23, 2022, 07:13:56 AM
0.01 btc will make you rich in the future I think 'yes', because we don't know the price of bitcoin in the future can go up or down but I'm optimistic that my bitcoin will give you wealth in the future and hope it's when I really need money
I like your optimism. however, we recommend that you have more than 0.01 bitcoins at the time to be more sure that you have more than $100k. however, we don't know how long we will wait for it. however, even if it is possible, the potential is very small.
well, if you believe with 0.01 bitcoin you can get rich, then I feel that having more than that in anticipation so you can become richer, then collect at least 0.1 bitcoin or even 1 bitcoin for the future.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: yazher on January 23, 2022, 11:10:11 AM
If we really follow the price history and if it would gonna multiply the price until the last bitcoin has been mined, then that would be possible but it's a long way to hold because we are talking 0.01 BTC only not 1 or more BTC. You're not gonna make it with your limited life span because you're holding a low amount of BTC. You're not gonna be rich but you can assure with the money you invested will get some more percentage in the future depends how much you will hold. In my case, if I have 0.1 to 1 BTC I'm already rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: yoyo20016 on January 23, 2022, 12:24:34 PM
If we choose the price of 10 million par btc,like Hal said in one of his messages,it will be 0.01btc=100k usd. But we need to focus in the price of objects in btc. But the real benefit from btc is his limited supply. Imagine 100k could buy you a big house,but in 10 years when 0.01btc = 100k ,the same amount of money could buy you a small house. The 7% of inflation in the usa is so big. ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: StarKay on January 23, 2022, 01:08:08 PM
0.01 BTC will not make you rich because there is a limit that the value of Bitcoin can reach and it's not possible for Bitcoin market capitalisation to surpass GDP of countries like China and USA. We are already experiencing a price correction from the recent rapid rise in bitcoin.
But 0.01 BTC will be worth more than it's fiat currency equivalent let's say 5 years from now. I think BTC is more of securing values than creating wealth.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Gamerholic on January 23, 2022, 02:01:45 PM
I think what makes a person "rich" is the level of his awareness and intellectual development, the level of culture and philanthropy. The rest is secondary in my opinion. As for material and non-material values ​​such as cryptocurrency (any), it always enriches a person with new skills and knowledge that he did not have before. Therefore, I am sure that any amount of any cryptocurrency and the skills to receive and manage cryptocurrency is a blessing that brings joy to a person and the pleasure of owning something "new".


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mia_houston on January 23, 2022, 02:19:04 PM
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. :)
Owning 0.01 bitcoins is not a guarantee that wealth will be yours even after 10 years, let's say today the exchange rate of 0.01 bitcoins is equivalent to $359 (bitcoin price $35,989), and you keep it for about 10 years so that bitcoins go up to $1 million, don't you just have money around $10,000 in 2032? I think $10,000 is not a high enough value for money in 2032 because it is certain that in 10 years the world will experience many changes, including in terms of currency values ​,  price of goods and services, so in my opinion if you really want to become a millionaire by only having bitcoin around 0.01 of course  it is impossible.
But if you use 0.01 bitcoins to continue trading continuously in the market, chances are that you will be able to double the number of bitcoins you have from now on and if you are lucky maybe from 0.01 bitcoins, you will have 1 or 2 bitcoins and maybe more in the next 10 years.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ultegra134 on January 23, 2022, 05:02:52 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 24, 2022, 12:59:09 PM
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 ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ultegra134 on January 24, 2022, 07:00:52 PM
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 ;D
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: jaberwock on January 25, 2022, 06:30:45 AM
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.

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?


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Odusko on January 25, 2022, 08:04:41 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: buwaytress on January 25, 2022, 10:01:48 PM
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? ;)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: virtualdn on January 26, 2022, 10:57:26 AM
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 :) )


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: sarmrakib on January 26, 2022, 12:49:57 PM
Quote
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 .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Alert31 on January 26, 2022, 02:42:41 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Xinarae* on January 26, 2022, 02:44:11 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ultegra134 on January 26, 2022, 04:37:55 PM
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? ;)
Certainly, 0.01 BTC was worth a few dollars at best, 10 years ago, many people go by this saying and believe that in 10 years from now, that fraction of Bitcoin could potentially be worth a fortune, but I highly doubt it. There's definitely a bright future ahead of us, I'm certain that this period is ideal for accumulating more, that in the future, could possibly be worth a lot of money.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: dezoel on January 26, 2022, 09:15:06 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: terrific on January 26, 2022, 09:33:42 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: molsewid on January 27, 2022, 03:58:13 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: goku19 on January 27, 2022, 05:26:27 PM
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 .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: xSkylarx on January 27, 2022, 05:31:35 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: isaac_clarke22 on January 27, 2022, 08:13:00 PM
~
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ultegra134 on January 27, 2022, 09:37:54 PM
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.
There's no point, we might say the exact same thing in 10 years from now, just do your best and try to accumulate as much Bitcoin as you can, without getting too frustrated about it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Peanutswar on January 28, 2022, 07:24:06 AM
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. 


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Gasty4 on January 28, 2022, 07:46:12 AM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: jamkesmas on January 28, 2022, 08:34:54 AM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: ice18 on January 28, 2022, 09:19:54 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. 


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: kotajikikox on January 28, 2022, 09:55:35 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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: kamilah147 on January 28, 2022, 12:31:09 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: taufik123 on January 28, 2022, 10:38:00 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: AakZaki on January 29, 2022, 01:13:31 AM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Wexnident on January 29, 2022, 03:05:31 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Ultegra134 on January 29, 2022, 09:41:07 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mynonce on January 30, 2022, 12:21:03 PM
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 ...

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

Congratulations. You mastered the crypto world, part 1.



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


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: JayTrain on January 30, 2022, 04:58:49 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Slow death on January 30, 2022, 05:28:03 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


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: virasog on January 30, 2022, 05:32:42 PM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: rozak on January 30, 2022, 05:50:29 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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Tumanggor on January 30, 2022, 07:03:34 PM
~

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


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: KaliLinux on January 30, 2022, 07:39:41 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 (http://www.world-today-news.com/sziky-on-the-bitcoins-won-at-the-2011-starcraft-tournament-i-didnt-take-them-i-asked-them-to-pay-me-40-games/) and if for sure people will prefer other Alts to Bitcoin.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: TinaK on January 30, 2022, 08:57:32 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 (http://www.world-today-news.com/sziky-on-the-bitcoins-won-at-the-2011-starcraft-tournament-i-didnt-take-them-i-asked-them-to-pay-me-40-games/) 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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: AakZaki on January 31, 2022, 01:42:03 AM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bitterguy28 on January 31, 2022, 03:00:30 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


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Farma on January 31, 2022, 05:28:00 AM
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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: pinggoki on January 31, 2022, 08:41:58 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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: AjithBtc on January 31, 2022, 08:58:56 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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Nrcewker on January 31, 2022, 09:26:13 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.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Slow death on January 31, 2022, 09:51:06 AM
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.

it is definitely something impossible, for people to be rich with that small amount of bitcoin they would have to see the price reach more than 1 million dollars per bitcoin, if you look at the price of bitcoin reach 1 million dollars then we are talking about something impossible. no offense but i don't particularly believe in 1 million dollars per bitcoin


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: peter0425 on January 31, 2022, 11:13:11 AM
This is depending on How we look at the word RICH , because if this means increasing in our investments or in our On Hold funds then Yes we will be rich in the future .
but if we are asking about a Million dollar rich? I doubt this will ever happen because for this to become real Bitcoin  price needs to Head up to 100 million dollars things that I think will never happen forever lol.
But maybe if it will be at least 0.1 BTC then chances are there (I Guess) lol


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on January 31, 2022, 11:57:02 AM
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

Of course. Who knew Bitcoin would get this far? Back in the day, 0.01 BTC used to be worth nothing. Now it's worth hundreds of dollars (in USD). Imagine how much it'll be worth once Bitcoin achieves widespread adoption worldwide. It's very likely early holders will reap huge rewards after this happens. Considering that we're now in a bear market, it's the perfect opportunity to stack some more Bitcoin before it's too late. Inflation will lead us towards untold riches faster than you could've ever imagined. Just be patient in order to obtain great results in the not-so-distant future. Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Chato1977 on January 31, 2022, 12:06:48 PM
Bitcoin is always one of the best and greatest creation of Mankind , this will always breing future and fortune.

so Yes maybe not now but in time, owning 1% of bitcoin will make us  rich.

But I'm lucky not only having 0.01 but larger than that .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Natalim on January 31, 2022, 12:18:29 PM
Bitcoin is always one of the best and greatest creation of Mankind , this will always breing future and fortune.

so Yes maybe not now but in time, owning 1% of bitcoin will make us  rich.

But I'm lucky not only having 0.01 but larger than that .

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: mo7w on January 31, 2022, 05:19:41 PM
I think anything is possible in Crypto, the possibilities are endless.

I learnt about Bitcoin in 2016 and it was less than $5k then. Imagine i had invested 0.01 BTC then i would have made ×20 or more now. I thought is if the have the money to invest, invest now and wait to be amazed.

Cryptocurrency is the future, it's never too late to start now.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Altryist on January 31, 2022, 05:55:15 PM

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.
Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin. :)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: oHnK on January 31, 2022, 06:26:41 PM

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.
Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin. :)

what you say makes sense, but to get to the position you convey there are still other factors that support or influence these conditions, the term factors are x, y, or z.  One of the factors that can do that is a condition where the price becomes very high and exceeds its ATH so that companies or groups are interested in selling the end high together.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: TheGreatPython on January 31, 2022, 06:56:00 PM
I think anything is possible in Crypto, the possibilities are endless.

I learnt about Bitcoin in 2016 and it was less than $5k then. Imagine i had invested 0.01 BTC then i would have made ×20 or more now. I thought is if the have the money to invest, invest now and wait to be amazed.

Cryptocurrency is the future, it's never too late to start now.
0.01 x 20 = 0.2 and the price of 0.2 btc at the moment is $7666 dollars. That does not look like a big amount for us to say that we are rich but that is an awesome return for just a small amount of investment.

Right mate, they need to act quick and invest if they have a money so that they do not make the same mistakes that happen with you. They thought 30k to 40k is already a high amount so they do not invest but they only want to make sure that they wont cry once they see the 100k and 300k per btc flying all around their screens. To invest in btc does not mean to buy 1 whole coin but we can invest as small as 0.01 btc, the results are already life changing.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Pierre 2 on January 31, 2022, 07:00:27 PM
It really depends on how you look into wealth. We are currently measuring wealth through USD or Euros as these are reserve currencies. Although if there is hard convert to Bitcoin in future where everyone uses Bitcoin to price things, Bitcoin may reach status of United States Dollar. I mean that would be huge utopia although everyone will get what I mean. I don't think its possible in near future but for long term - possibilities are endless.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bitbollo on February 01, 2022, 12:12:52 AM

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.
Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin. :)

I think that 0.01 btc will make us rich, I am pretty confident of that. But the real question is "when". Maybe our sons not directly us will appreciate this aspect, this secondo revolution. It's like another 1000x for something that started from zero.
I mean, we need a lot of time to see this change...  Meanwhile we can appreciate bitcoin for what has been created.
A strong and unique alternative to FIAT money system. This is the real bargain offer that has no price ;) if you know what I mean...


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Chato1977 on February 01, 2022, 01:43:56 PM
Bitcoin is always one of the best and greatest creation of Mankind , this will always breing future and fortune.

so Yes maybe not now but in time, owning 1% of bitcoin will make us  rich.

But I'm lucky not only having 0.01 but larger than that .

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.
What? we are talking about 0.01 bitcoin , what are you talking here? do you understand that 1% you are talking? a Hero Member that does not know how to understand a short post?
Please next time you quote a post please read clearly before posting .


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: btc78 on February 03, 2022, 04:35:58 AM
0.01 btc will make you rich in the future I think 'yes', because we don't know the price of bitcoin in the future can go up or down but I'm optimistic that my bitcoin will give you wealth in the future and hope it's when I really need money
I like your optimism. however, we recommend that you have more than 0.01 bitcoins at the time to be more sure that you have more than $100k. however, we don't know how long we will wait for it. however, even if it is possible, the potential is very small.
well, if you believe with 0.01 bitcoin you can get rich, then I feel that having more than that in anticipation so you can become richer, then collect at least 0.1 bitcoin or even 1 bitcoin for the future.
lol i think the title is misspelled , i believe that it should be 1bitcoin instead of 0.01 hahaha.

because even from the beginning of in the next 10 years that amount will never valued 1 million dollar so how come that this will make a person rich?

remember that at least having a million dollar to be consider rich or elite human nowadays.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: goku19 on February 03, 2022, 10:23:16 AM
Owning bitcoin in itself right now won't make you rich. It's a lot more of the fact that it will give your savings a nice boost, compared to just holding fiat where the value is guaranteed to drop slowly but surely. Some people think that solely holding bitcoin will save get them out of poverty; nope. You're going to need to actually earn money, obviously.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: DoublerHunter on February 03, 2022, 10:13:31 PM
0.01 BTC worth 368$ according to current price of BTC and it will not make anyone rich but it help you to grow your portfolio to trade and invest in some projects. You can use 0.01 BTC for trading.
^ I like this idea and yes, it could probably be that amount is a good start.
This is what others usually think of, when you own bitcoin you will become rich. Probably you will, but it won't make you rich right away just by owning 0.01 BTC itself. It of course requires time and effort as part of your investment. If you own bitcoin because of that kind of belief, you won't surely make any progress. Your excellent strategy of managing your BTC and making it grow is what matters. Don't be concerned about the current challenges since you will always get a decent return on your investment, no matter how much you put in.
However, if you are good at trading there will probably be a chance that you will grow your portfolio in just a matter of time.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: UmerIdrees on February 04, 2022, 10:50:25 AM
I think anything is possible in Crypto, the possibilities are endless.

I learnt about Bitcoin in 2016 and it was less than $5k then. Imagine i had invested 0.01 BTC then i would have made ×20 or more now. I thought is if the have the money to invest, invest now and wait to be amazed.

Cryptocurrency is the future, it's never too late to start now.

Though it will not be easy for the Bitcoin to do 20x from this price, but still any amount of bitcoin which you own will be beneficial for you.
 The prices of bitcoin will continue to rise and if you can hold bitcoins for next ten year's, it can change your fortune.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bitbollo on February 04, 2022, 11:53:07 PM
0.01 BTC worth 368$ according to current price of BTC and it will not make anyone rich but it help you to grow your portfolio to trade and invest in some projects. You can use 0.01 BTC for trading.

If you are not good on trading you can turn 0.01 btc into 0.00 btc (loss everything).
https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq
I have taken in count 1000 predictions made on  The next 100x-1000x coin? (https://bitcointalk.org/index.php?topic=2106360.0) and 10.83% of predictions have reported a total loss! It means project died/ 0 gain.
I am worried to see people trying trading without properly knowledge of crypto world, CAVE CANEM


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Viscore on February 05, 2022, 12:48:09 AM
In my own opinion, owning just one bitcoin is not enough to make you rich but having it is a life changing.For me it's really a good amount to start a new business and earn double through this.

Some people hold it in a long term,and waiting for the right time to sell it. Which is good also to gain your money and invest more And maybe if you are lucky,there's a possibility that you will become rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Sksordar795 on February 05, 2022, 02:14:49 AM
Yes, Owning 0.01 BTC will make me rich.because, The price of BTC will be high in the future..
Best of Luck BTC holders. Best of Luck BTC


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Farma on February 05, 2022, 06:18:47 AM
It really depends on how you look into wealth. We are currently measuring wealth through USD or Euros as these are reserve currencies. Although if there is hard convert to Bitcoin in future where everyone uses Bitcoin to price things, Bitcoin may reach status of United States Dollar. I mean that would be huge utopia although everyone will get what I mean. I don't think its possible in near future but for long term - possibilities are endless.
This is true. there are some people who see that $10k as a person who has a lot of money, or even see it as a rich person, however, there are also those who see it as a small amount of money. as well as $100k, and so on. it depends on how you think rich is like. however, in the crypto world 0.01 bitcoin is not so much at the moment, but it could be big in the future. however, I doubt that 0.01 bitcoins will be worth $10k, in the future. even if it does, is that $10k really worth it for you to think you're rich? however, i only recommend to keep accumulating bitcoin bit by bit if you really want to get rich from it. I still think that 0.01 bitcoin is still hard enough to make you rich, but, it never hurts to hold on to it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Chato1977 on February 05, 2022, 08:50:13 AM
Yes, Owning 0.01 BTC will make me rich.because, The price of BTC will be high in the future..
Best of Luck BTC holders. Best of Luck BTC
Wrong , you must evaluate how much the btc involved to know how much it will costing if ever price of bitcoin comes to the highest 1 million dollars because look how much that 0.01 bitcoin then? 10 thousand dollars? will that amount be enough for you be become rich? i don't think so mate.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: e_abrams on February 05, 2022, 02:15:22 PM
I think it largely depends on one's definition of "rich". If you live in a country where you make a few cents an hour, then 0.01 BTC will probably seem like quite a bit of money. If you're making several thousand dollars per month, not so much.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Maestro75 on February 05, 2022, 02:43:44 PM
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. :)

0.01 bitcoin today is just about $400 in value and that is nothing to make anyone rich, even in the third world poor countries. If we are looking at that and hoping it will become possible in the future then that will have to be after bitcoin has done its halvings for 5 times or more. That is 5 multiplied by 4 and that is 20 years from now. It is going to be a long wait to come. Anything can happen before that 20 years wait. Bitcoin can even lose its importance too before then.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on February 08, 2022, 12:22:46 PM
0.01 bitcoin today is just about $400 in value and that is nothing to make anyone rich, even in the third world poor countries. If we are looking at that and hoping it will become possible in the future then that will have to be after bitcoin has done its halvings for 5 times or more. That is 5 multiplied by 4 and that is 20 years from now. It is going to be a long wait to come. Anything can happen before that 20 years wait. Bitcoin can even lose its importance too before then.

0.01 BTC may be nothing today, but it will be in the future as Bitcoin continues to reach new All-time-highs. The fact that the cryptocurrency is deflationary, tells us that it should become more valuable over time. Of course, nothing is guaranteed in this world. For what I know, the crypto market is purely speculative. If Bitcoin is maintains high demand, you can bet 0.01 BTC will make you filthy rich in an instant. Most of us will probably have more than 0.01 BTC so there's that. We're going to have to see what will happen with Bitcoin's price after each halving. Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: yohananaomi on February 16, 2022, 02:27:54 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. :)
there is always an opportunity to enjoy the abundance of 0.01 bitcoin values ​​that have been stored, but it may take time to be realized. because as we know bitcoin will always increase after the halving is done so every time it is ensured that the increase is also quite significant.

it would be wiser if every time there was an opportunity to increase the amount of bitcoin value by saving in installments little by little, then without realizing the value of 0.01 bitcoin you will be able to become 1 bitcoin when the price has increased.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: virasog on February 16, 2022, 04:24:04 AM

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.
Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin. :)

I think that 0.01 btc will make us rich, I am pretty confident of that. But the real question is "when". Maybe our sons not directly us will appreciate this aspect, this secondo revolution. It's like another 1000x for something that started from zero.
I mean, we need a lot of time to see this change...  Meanwhile we can appreciate bitcoin for what has been created.
A strong and unique alternative to FIAT money system. This is the real bargain offer that has no price ;) if you know what I mean...

0.01 btc can make you milionare depending upon how long can you hold it and how fast bitcoin prices move up. I personally not aiming at 0.01 btc. I am just collecting all the bitcoin fromwhere ever i can and keep them save from long term. I am sure that my saved bitcoin will help me a peaceful life after retirement. Think big, thing for long term and you will realzie that every satoshi saved, is something worth a lot more than you can imagine.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: erep on February 16, 2022, 05:06:52 PM
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. :)
Whether having 0.01 btc or 1% of accumulated 1 btc in the wallet can increase the wealth stratum to become a billionaire even if the bitcoin price has reached $1 million, only having an estimate of $10k and even then can not enter me into the list of new rich, if 0.01 btc alone can convince will be very valuable in the future then at least 0.1 btc should be kept until bullish $100k first.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: xSkylarx on February 16, 2022, 05:23:28 PM
I don't think 0.01 will make you rich because you will need very, very high gains to get rich and I don't think it's possible for bitcoin to go up 100x or more that's absurd.


While we are unsure of the future, it is possible that the price of bitcoin will increase by that much. However, if we are talking about 0.01 BTC from the current price, I would say that it does not make you wealthy, but as you can see, you can add it to your personal wealth and then invest it into something where the price of bitcoin will double over time, and you will profit from it. It will not make you wealthy at this time, but if you invest it, you stand a good chance of becoming wealthy in the future.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: lenovop-70 on February 18, 2022, 04:09:16 PM
If Bitcoin reaches a price above $100K, maybe yes you will be rich, but it won't take long if you don't use it wisely, it will just flow out.
Talking about its value, 0.01BTC wouldn't be worth it here if we didn't convert it to Fiat, and I think it's the same in most areas that don't yet accept Bitcoin as a legal currency.
So my answer to this discussion is, 0.01BTC can make you rich if you play the money wisely.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Rehan Zakir on February 18, 2022, 04:59:28 PM
Now, price of bitcoin is near 40,000$. So, if you are holding 0.01btc. Now, its worth becomes only 400$. It is not a big investment my brother. But if you know how to make profit from this amount then you can make thousand of dollars from a little amount. Your skills are more important.
You can also become rich if you invest this amount in a strong project for one to 2 year and it becomes 50X or even 100X. In this way, you will get a good profit and become rich. There are lot of projects that gives more then100X profit in bull run.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: savetheFORUM on February 20, 2022, 01:01:16 PM
I don't think 0.01 will make you rich because you will need very, very high gains to get rich and I don't think it's possible for bitcoin to go up 100x or more that's absurd.
Very very high gains look exaggerated even for btc and when I hear that phrase I automatically think that btc needs to touch over a million dollar and I do not think that is possible already. We are going to get old and maybe be gone in this world but btc value is still not high half way on that amount however a high gains can be realistic. High gains can be 100x or 200x and yes I'd say it again, it is possible.

Maybe it will not happen in a consistent way if that is what your thinking but we can do it one at a time  or let say after btc hit a new ATH, we can sell and take profit and then when the value drops we can buy again and wait again for another recovery or ATH. repeat the process.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bitbunnny on February 20, 2022, 01:24:19 PM
Everything depends how the Bitcoin price will develope with time. But I think when we talk about Bitcoin it's very hard to predict how much coins one should own to become rich because of high volatility.
However, my advice would be to accumulate as much Bitcoins as you can and there is absolutely no guarantee that you will become rich but you will definitely have some valuable asset that might be your financial back up and some kind of safety.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on February 22, 2022, 06:11:04 PM
0.01 btc can make you milionare depending upon how long can you hold it and how fast bitcoin prices move up. I personally not aiming at 0.01 btc. I am just collecting all the bitcoin fromwhere ever i can and keep them save from long term. I am sure that my saved bitcoin will help me a peaceful life after retirement. Think big, thing for long term and you will realzie that every satoshi saved, is something worth a lot more than you can imagine.

If Bitcoin's price keeps rising, then it's probable anyone can become a millionaire with 0.01 BTC in the future. Most early adopters will hold more than that, making them multi-millionaires. I wouldn't care that much about the price relative to Fiat, since Bitcoin is all about utility. As long as it does its job well by being a decentralized cryptocurrency anyone can use without restrictions, nothing else matters.

With increasing adoption of Bitcoin worldwide, it's probable we'll end up paying directly in BTC instead of converting it to Fiat (USD, EUR, etc.). If that happens, then everyone in Bitcoin will become extremely wealthy. Who knows how the future will look like with Bitcoin and Fiat in play? Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: jhonjhon on February 25, 2022, 09:58:50 PM
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. :)
Of course this is very dependent on the price of bitcoin, to get rich with 0.01 btc the bitcoin price must reach at least $ 1 billion, the question is is it possible to reach $ 1 billion? the most important thing is that with bitcoin we can get extra money even though it doesn't make us rich.
In my own opinion, this could take time within maybe 15 to 20 years to become rich.Many people have already become absolutely super wealthy rich from holding bitcoin.If you buy today the key is not to sell.The key is to hold it for the future.I think that 0.01BTC big step for everyone to become rich.

But in some point,0.01BTC is already a life changing.. You'll not become quickly rich, but it can make your life easier.. You can actually buy a house with that amount. Or you can start for a new business.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Dr.Osh on February 26, 2022, 04:47:40 PM
if we bought 0.01 Bitcoin in 2010 maybe by now it has made us rich, and we must understand the definition of rich, I mean rich is getting big profits from the small capital we spend.
for now it is very possible to become rich in the future by only having 0.01 BTC because as happened 10 years ago the price of BTC is very low when compared to now, and if the next 10 years will repeat itself, why not for us who rich with only 0.01 BTC.
if so, think 10 years from now, it might have the same or even greater potential. however, I still feel that 0.01 bitcoin is hard to make us rich. at least, at least we have 0.5 bitcoin for it. Well, everyone has a different perception. for some, that 0.01 bitcoin may be enough. the highest price i can imagine is 1 million bucks, even with 0.01 bitcoin, i think it's still lacking. however, if you have 0.5 bitcoins, you have $500k if the price is reached. however, if it is actually achieved.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Mahiyammahi on February 26, 2022, 04:57:43 PM
Back on 2013 when BTC was under $100 as of today's price you wanna buy 0.01 BTC which will cost you almost $400. Just thhink about its in $400 you coud buy 4 BTC in 2013 and todays market 4BTC worth of 160k If I calculate in ATH it was $360k which is almost half million dollar. In that time no was able to sure that BTC could gain such a huge amount but some people still hold some btc . If you think about this scale well it's possible in future. But if you think when it will become reality it wont happen. Belive me time not get passed when you just wait for something.

My suggestion is buy small and leave it to your cold wallet your grand child may findoout history.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Stalker22 on February 26, 2022, 10:49:30 PM
My goal is to make 1BTC by the end of 2023. At the moment I'm 0.xx+ BTC short but I'm making progress.
It is impossible to predict where the price of BTC will go in the future, but I believe if I can make 1BTC before the end of 2023 I will consider myself successful. I know it will not be easy, but I do believe that I will be able to do it. Why 1BTC? Because I believe it will have a life changing effect on me.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Viscore on February 27, 2022, 05:31:40 AM
In my own opinion,owning 0.01 bitcoin will be considered as a rich person.For the average people, that amount is too big/huge for them.Holding one bitcoin is definitely a life changing profits.But for some people who are already rich, one bitcoin is just a normal amount.Thats why they keep on buying more bitcoins to become more filthy rich.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: FIFA worldcup on February 27, 2022, 05:40:45 AM
If Bitcoin reaches a price above $100K, maybe yes you will be rich, but it won't take long if you don't use it wisely, it will just flow out.
Talking about its value, 0.01BTC wouldn't be worth it here if we didn't convert it to Fiat, and I think it's the same in most areas that don't yet accept Bitcoin as a legal currency.
So my answer to this discussion is, 0.01BTC can make you rich if you play the money wisely.

Today this 0.01 btc did not look a big amount but one day it will be enough to count you in the rich people if you have it. Think of 1 bitcoin price in 2015, if you had 1 bitcoin since 2015/16 you are not among the millionaire.
The same will happen with 0.01 btc in next 10 years.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: NoorulHuda on February 27, 2022, 06:35:53 AM
If you go through the past than you will shake you head in the answer of yes.
In 2010 what was the value and what is now. And what will be in future?
So this can make you rich. Owning 0.01


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Rufsilf on February 27, 2022, 08:41:11 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. :)
Of course this is very dependent on the price of bitcoin, to get rich with 0.01 btc the bitcoin price must reach at least $ 1 billion, the question is is it possible to reach $ 1 billion? the most important thing is that with bitcoin we can get extra money even though it doesn't make us rich.
In my own opinion, this could take time within maybe 15 to 20 years to become rich.Many people have already become absolutely super wealthy rich from holding bitcoin.If you buy today the key is not to sell.The key is to hold it for the future.I think that 0.01BTC big step for everyone to become rich.

But in some point,0.01BTC is already a life changing.. You'll not become quickly rich, but it can make your life easier.. You can actually buy a house with that amount. Or you can start for a new business.
right, it takes a long time to get rich with 0.001 BTC, but if we have that asset, and we diversify into several altcoins, it may be able to cut the time to get rich, although it carries a higher risk, but if we have the knowledge, why no we do it, even many new altcoins have increased by thousands of percent, but indeed we must have the expertise to analyze

That is the other way of saying that holding a 0.01 BTC won't make you reach but investing it on other assets other than crypto can make it faster. Jumping into other assets where you have zero or low expertise on that said field is very risky that's is why before making a step, we need to do some feasibility study and research especially if it is a business that you yourself are the who will handle it wholly. Same step we need if it's investing in assets or stocks.

But base on the question of the OP, will owning 0.01 BTC will make you rich? As of today, the answer is plain NO.



Title: Re: Will owning 0.01 BTC really make you rich?
Post by: leverageguy on June 03, 2022, 05:15:29 AM
Only if the bitcoin value rises to manifolds in a certain amount of time. The market is changing every day and it’s not a good thing to take risks just because you are hopeful.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Fesatmas on June 04, 2022, 07:40:47 AM
In my own opinion,owning 0.01 bitcoin will be considered as a rich person.For the average people, that amount is too big/huge for them.Holding one bitcoin is definitely a life changing profits.But for some people who are already rich, one bitcoin is just a normal amount.Thats why they keep on buying more bitcoins to become more filthy rich.
True it depends on our financial situation, some people may have 0.01 btc will feel very enough, but not for some people. Back again how the financial situation of the person. But for now I think that having bitcoin is no matter what the nominal is, because it is not a nominal problem but in my own environment it is still rare to know bitcoin, let alone have it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: NotATether on June 04, 2022, 07:57:25 AM
In my own opinion,owning 0.01 bitcoin will be considered as a rich person.

*Provided that the user never touches it, or tries to be "smart" by attempting to multiply it repeatedly.

You have to add this postscript to all statements like these, because too many people come to this space thinking they're going to get rich, when in fact, their fortunes will be mostly the same as when they first came.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: FlamingFingers on June 04, 2022, 01:59:47 PM
That amount is too small for you to get rich, even if bitcoin gets to hundred thousand per dollars that's just a thousand dollars, and its not possible for bitcoin to attain such price for now so if you can try to get at least 0.1 bitcoin, when bitcoin gets to hundred thousand dollars thats gonna be like ten thousand dollars it's still huge depending on the country you come for


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: minime0105 on June 04, 2022, 11:47:19 PM
In my own opinion,owning 0.01 bitcoin will be considered as a rich person.For the average people, that amount is too big/huge for them.Holding one bitcoin is definitely a life changing profits.But for some people who are already rich, one bitcoin is just a normal amount.Thats why they keep on buying more bitcoins to become more filthy rich.
Is big but it's not really big, because some people will have it and it will not serve or add any to their life, but their is people who will have it and it will become very nice opportunity to start something Mega,  and this depends on the country we have or we live, if rich people hold bitcoin for long and knowing that holding it for awhile will make them more richer when they had money already, that means the money is for their children and the investment for the children not for their use, but opportunity securing by a Rich man, that is how i aeen it


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: blatchcorn on June 05, 2022, 04:51:06 AM
Right now on Preev.com 0.01 BTC is 297 USD. So you can easily see what that means if you own a 0.01 BTC, Price of BTC fluctuates and if it crosses 100k mark then 0.01 BTC will have some decent value. I would say there is no amount of bitcoin that can make you rich because we are not clear on what lies ahead. BTC is sometimes on 60k, sometimes on 29k.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: UmerIdrees on June 05, 2022, 09:43:40 AM
Everything depends how the Bitcoin price will develope with time. But I think when we talk about Bitcoin it's very hard to predict how much coins one should own to become rich because of high volatility.
However, my advice would be to accumulate as much Bitcoins as you can and there is absolutely no guarantee that you will become rich but you will definitely have some valuable asset that might be your financial back up and some kind of safety.

I don't think that you can be rich if you only have 0.01 btc unless you are living in 2050 when bitcoin price may be million of dollars  :)
I do not have any target in mind as how much bitcoin should I collect in order to be rich in the future. For me, I try to save every bitcoin and not spend them.
Roughly, I think everyone should have 0.1 bitcoin if not more.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: sklopan on June 05, 2022, 09:59:53 AM
Do not think that such an amount will make a person rich. First, this amount is quite small. And secondly, you should understand that the rate is quite dynamic, and the amount can change very quickly.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: KennyR on June 05, 2022, 10:08:36 AM
According to today's price of bitcoin, 0.01BTC is valued to be $300. If we consider the ath price of bitcoin then 0.01BTC will be around $690. The price needs to reach atleast $1m for 0.01BTC to be valued $10000. With this one can have a small house and fulfill few more needs in a third world country, but for the same to happen it takes more years. Getting rich out of bitcoin is getting harder with time, and in my opinion now it is time to get rich through altcoins.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: m2017 on June 05, 2022, 10:09:08 AM
If Bitcoin reaches a price above $100K, maybe yes you will be rich, but it won't take long if you don't use it wisely, it will just flow out.
Talking about its value, 0.01BTC wouldn't be worth it here if we didn't convert it to Fiat, and I think it's the same in most areas that don't yet accept Bitcoin as a legal currency.
So my answer to this discussion is, 0.01BTC can make you rich if you play the money wisely.

Today this 0.01 btc did not look a big amount but one day it will be enough to count you in the rich people if you have it. Think of 1 bitcoin price in 2015, if you had 1 bitcoin since 2015/16 you are not among the millionaire.
The same will happen with 0.01 btc in next 10 years.
0.01BTC doesn't look like wealth at all right now. Even with a rate of $10.000 for 1 BTC, it will be only $1,000, which is also not the ultimate dream of investors. At a rate of $100.000, this will also look different from wealth - $10,000.

But what is wealth? What amount can be considered as wealth? $10.000, $100.000 or $1000.000? Most likely, $1.000.000 is the best amount. Then how much should bitcoin cost so that 0.01BTC holder can be called a rich man? It turns out a fantastic amount of $100.000.000. Theoretically, this is possible, but not a single holder is physically able to wait for this moment, unless, distant descendants will find that glorious time. :)

Therefore, my verdict is this: 0.01BTC will not make you rich (maybe only your great-great-great-great-grandchildren), but 1BTC is quite real (at a rate of $1000.000), but you will have to wait more than a dozen years.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: KaliLinux on June 05, 2022, 10:35:39 AM
According to today's price of bitcoin, 0.01BTC is valued to be $300. If we consider the ath price of bitcoin then 0.01BTC will be around $690. The price needs to reach atleast $1m for 0.01BTC to be valued $10000. With this one can have a small house and fulfill few more needs in a third world country, but for the same to happen it takes more years. Getting rich out of bitcoin is getting harder with time, and in my opinion now it is time to get rich through altcoins.
Richness is subjective. Even though I agree with your argument, there are still places in this world where $10k would be all they need to consider themselves rich and be able to sustain their families onward. That said, I too don't see a 0.01BTC holding as making you rich anytime soon from all analyses so we need to be looking at HODL more bitcoin with the current market prices.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Marvell1 on June 05, 2022, 02:23:34 PM
Right now on Preev.com 0.01 BTC is 297 USD. So you can easily see what that means if you own a 0.01 BTC, Price of BTC fluctuates and if it crosses 100k mark then 0.01 BTC will have some decent value. I would say there is no amount of bitcoin that can make you rich because we are not clear on what lies ahead. BTC is sometimes on 60k, sometimes on 29k.

Yes, it is difficult to say how much bitcoins we hold that will make us rich, because markets are unpredictable. But holding bitcoin is a good thing and we should do it regularly, collecting as much bitcoins as possible, Bitcoin may not make us millionaires, but bitcoin is a safe haven and a very good long-term investment. Those who hold bitcoin in the future at least have a life that is not too strenuous.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: n0ne on June 05, 2022, 08:14:56 PM
The supply of bitcoin is limited to 21million. This means for now 21BTC could make one rich. Having such a number of bitcoin will make one among the million. With just 0.01BTC becoming rich is really an impossible thing for now and for the future. In today's price a single bitcoin can make me rich in my country, but if I spend those bitcoins without doing any job further then it'll get over within two years time.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Awaklara on June 05, 2022, 08:52:27 PM
If we compare the price of Bitcoin a few years ago and now, having only 0.01 BTC will not make us rich because if we pull the current price rate of 300$, the Bitcoin price must be 10x larger than the current price and it will likely take a very long time or never even reach that price so the assumption that only having 0.01 BTC at this time can't make us rich especially just with long-term holding it will take a very long time and it's not worth it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: blockman on June 05, 2022, 10:25:58 PM
According to today's price of bitcoin, 0.01BTC is valued to be $300. If we consider the ath price of bitcoin then 0.01BTC will be around $690. The price needs to reach atleast $1m for 0.01BTC to be valued $10000. With this one can have a small house and fulfill few more needs in a third world country, but for the same to happen it takes more years.
And that $10k isn't that much in other countries but sure in many countries, having that $10k will make you look wealthy. But, it's like a one-time ticket that you have to use and spend on better things. You can buy your house maybe like a little one which is gonna make you fulfill a part of your dream but if you're living in a country that has an expensive cost of living, this won't make you rich at all.

Getting rich out of bitcoin is getting harder with time, and in my opinion now it is time to get rich through altcoins.
I'll still hold on to bitcoin that will be the one to give me a better future. Although I've seen too many people that have made their wealth with alts luckily. Yeah, all about luck and choice.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: MommyElsa on June 05, 2022, 11:14:47 PM
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 believe in bitcoin. I believe that the price will increase more. I will not become rich with .01 btc right now. I am hoping that someday, i will become rich with btc investment.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Rabi3 on June 05, 2022, 11:19:13 PM
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 don't think if you buy 0.01 btc now you'll get rich at some point, it's too good to be true, back in the day it was possible and some people even did it, but with the high adaption bitcoin has reached it's so hard for it now to go up to $100k without talking about a million or more like you mentioned 100 mil, that's a crazy number that will make bitcoin with a crazy marketcap, it's worth a try tho if you have 0.01 btc laying around, you could get a big interest but to be rich from that is almost impossible now.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Pamadar on June 05, 2022, 11:32:03 PM
The supply of bitcoin is limited to 21million. This means for now 21BTC could make one rich. Having such a number of bitcoin will make one among the million. With just 0.01BTC becoming rich is really an impossible thing for now and for the future. In today's price a single bitcoin can make me rich in my country, but if I spend those bitcoins without doing any job further then it'll get over within two years time.


I like that idea, you can use your btc as your investment capital.,

either to continue working with crypto or look for sustainable small business to start and aim for good success using your initial capital.
But if you will just lean with .01btc on this current condition, it can't sustain your needs for a whole month or two.

Making you rich is beyond your actions. Hold or work along with your money. Do have outcomes, either for the best benefits or
for the worse turn around.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: virasog on June 05, 2022, 11:45:19 PM
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 don't think if you buy 0.01 btc now you'll get rich at some point, it's too good to be true, back in the day it was possible and some people even did it, but with the high adaption bitcoin has reached it's so hard for it now to go up to $100k without talking about a million or more like you mentioned 100 mil, that's a crazy number that will make bitcoin with a crazy marketcap, it's worth a try tho if you have 0.01 btc laying around, you could get a big interest but to be rich from that is almost impossible now.



There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: lienfaye on June 06, 2022, 04:14:31 AM
Making you rich is beyond your actions. Hold or work along with your money. Do have outcomes, either for the best benefits or
for the worse turn around.
I agree. Investing in Bitcoin is good but dont expect it can make you rich if you own 0.01 BTC. It can happen in the future but it will take a long years since the current value of 0.01 btc is far from being a millionaire.

However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Cryptmuster on June 06, 2022, 07:24:09 AM
I agree. Investing in Bitcoin is good but dont expect it can make you rich if you own 0.01 BTC. It can happen in the future but it will take a long years since the current value of 0.01 btc is far from being a millionaire.

However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".

If you are talking about creating your own business, then it is worth saying that you can become rich not only thanks to bitcoin, I mean that you should not invest all the money you earn only in bitcoin. The distribution of risks is also a very important point that can protect your investment. 0.01 bitcoin is probably not enough to be a rich person, need to increase its amount as far as possible.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Dr.Osh on June 06, 2022, 08:22:25 AM

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: bakasabo on June 06, 2022, 08:29:50 AM
I believe that by the time holding 0.01 BTC will be enough to be considered as being rich based on todays criteria, everyone else will be having same amount also or the way of life would be so much expensive, that 0.01 BTC will be nothing.

Also rich has a relative meaning. There are people who are followers of asceticism and right now, having 0.01 BTC already means being rich. Sometimes having $1000 is enough to be rich, and sometimes having $1kk is not enough.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Crptomagma on June 06, 2022, 08:51:41 AM
I wouldn't say No but then it will be difficult to be rich with just 0.01btc, the possibility is very tiny. In a scale of 1to 100 I think is not even up to 10. So for u to be rich with 0.01btc u you really have to wait for years and even in the waiting you are not assured.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Desmong on June 06, 2022, 11:28:07 AM
I think this question could fit in when Bitcoin was around $70K or when it reaches $100k. The market is down now and the worth of a single Bitcoin had depreciated to low for such amount of Bitcoin to make someone rich. Due to the high volatility of Bitcoin, I think we need to also consider the current price so to know the actual price. 0.01 bitcoin can not make me rich at this time of the market. We can consider it capable of the price of Bitcoin goes close to $100k.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: livingfree on June 06, 2022, 01:27:18 PM
I wouldn't say No but then it will be difficult to be rich with just 0.01btc, the possibility is very tiny. In a scale of 1to 100 I think is not even up to 10. So for u to be rich with 0.01btc u you really have to wait for years and even in the waiting you are not assured.
Truly difficult but it's a step of going there. Someday in the future, even accumulating 0.01 btc is going to be hard just as how hard it is now for the most that aren't living the best of their lives.

There were calculations already and even if the first 7 digits for that, it won't be that big to tell that you've got a fortune.

But we're living in different types of living so that's a fortune for the others.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: stadus on June 06, 2022, 01:38:02 PM
Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.

I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: pawanjain on June 06, 2022, 01:42:57 PM

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.

As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on June 08, 2022, 10:58:03 AM
Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.

I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.

It all depends on the price. If Bitcoin is projected to go all the way up to $1m, then it's possible you'll have a hefty sum of money in your pocket sometime in the future. 0.01 BTC multiplied by a market price of $1m, equals $10k. To really become rich, you're going to need to hold a lot more Bitcoin in your wallet. That is if BTC will stay within the $1m range. But there's always the possibility it will go even higher in price. As they always say, "the sky is the limit". As long as you're persistent, you'll be on a road towards becoming filthy rich. Just my opinion :)


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: raidarksword on June 08, 2022, 12:32:29 PM
Who knows what future holds for us and owning such amount is already an opportunity because bitcoin's price surely will grow even more for how many years to come. For many years to come bitcoin supply will decrease even more and all bitcoin will be mined and with that the supply and demand will increase. Those people has hold what ever  the amount will surely benefited to it.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Pamadar on June 08, 2022, 12:44:04 PM

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.

As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.


Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.

We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: sklopan on June 08, 2022, 01:17:25 PM
You just need to understand that this is a very small amount. Especially if this amount is just for expenses. For if it is for investment, it may well be a profit, but if it is just for expenses, it will not bring anything positive.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Cryptomiles1 on June 08, 2022, 01:24:01 PM
Even if 0.01BTC would make someone Rich them we expect to be 15 years time or more, but there is no possibilities of a BTC would worth $1m so. Owning about 5 to 10BTC would have been a greater chance to be come richer than .01BTC.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: nullama on June 08, 2022, 01:30:10 PM
Well, in the long term Bitcoin will probably maintain or even increase its purchasing power.

Fiat on the other hand will most probably continue to depreciate through inflation.

When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: pawanjain on June 08, 2022, 01:46:31 PM

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.

As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.


Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.

We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.

Yes ofcourse. At the same time, it would be easier for a person to accumulate 1 bitcoin right now while it is cheaper than when it has already reached  a price of $1 million.
Although it is a huge amount for many people including me but it is still achievable.
I personally think, ANY amount that we hold in bitcoin is worthy to hold it for a long term because bitcoin is so precious.
There are no limits to it. We never know how high it can go and so it's best to accumulate as much as possible.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: tam31 on June 13, 2022, 02:55:58 AM
Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.

I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
Depends if how much you invested in btc. If ever btc reached 1m but you only invested 0.01 btc then I don't think you will be rich from the profit that you will be getting but it can be decent profit already. To get rich will also depend on the country you are living and also in your standards. If you are in a poor country but your standards are high then you might be needing more than 0.01btc for you to feel that you are truly rich.

Your account is legendary and you are also enrolled in a campaign. If only you have been saving your btc since the start, you already surpassed your target and maybe have lots of btc now but it's not too late yet, you still have a time as long as btc value is still low.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Pamadar on June 13, 2022, 03:54:25 AM

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.
well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.

As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.


Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.

We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.

Yes ofcourse. At the same time, it would be easier for a person to accumulate 1 bitcoin right now while it is cheaper than when it has already reached  a price of $1 million.
Although it is a huge amount for many people including me but it is still achievable.
I personally think, ANY amount that we hold in bitcoin is worthy to hold it for a long term because bitcoin is so precious.
There are no limits to it. We never know how high it can go and so it's best to accumulate as much as possible.

We never know what the future will be with our investment. The longer it takes, the better.

Everything depends on how you believe and how you can manage the volatility, .01 or 1 BTC in the long run
if Bitcoin succeeds and reached million in value, it surely gives you the profits that you always wanted to have
keep working and saving, just skip some time in looking at your portfolio, especially during this kind of
momentum.


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Abiky on June 17, 2022, 01:25:31 AM
Well, in the long term Bitcoin will probably maintain or even increase its purchasing power.

Fiat on the other hand will most probably continue to depreciate through inflation.

When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.

It's been shown from time to time that Bitcoin outperforms Fiat. Owning 0.01 BTC now could lead you with plenty of cash in the long run. You can even accumulate more than that for true peace of mind. Only a fool will sell Bitcoin when prices are going down the drain within a short period of time (except if you need the cash right away, of course). The higher the mainstream adoption for Bitcoin, the higher its price will be. Governments are already joining the Bitcoin bandwagon (eg: El Salvador, Central African Republic) so it should only be a matter of time before "hyperbitcoinization" becomes a reality. Who knows what the future holds for early adopters of BTC like us? Just my thoughts ;D


Title: Re: Will owning 0.01 BTC really make you rich?
Post by: Trapezium on June 23, 2022, 06:45:26 AM
Though bitcoin is experiencing a dip, it still has a value which will recover in future.
Investing in such a small fraction of bitcoin is also worthwhile due to the high price of one bitcoin.