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Author Topic: 10 BTC. Will I be a millionaire by 2030?  (Read 41269 times)
asriloni
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February 16, 2016, 02:51:00 PM
 #301

No, I wouldn't say that you would be millionaire. You'd have between 50 000$ and 200 000$, but even 20 000$ is really optimistic, and I suggest that it will be around 10 000$ per coin.

If the price double every 2 years, 2030 is 14 years from now. The price will rise 128 fold, so the price will be $51,200 each.

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February 18, 2016, 01:16:14 PM
 #302

depends how much it will be worth then, it maybe around 10000$ i think, but not more, or it will die before 2030

 
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February 19, 2016, 09:08:56 AM
 #303

depends how much it will be worth then, it maybe around 10000$ i think, but not more, or it will die before 2030

might be at that price actually at $10,000 but still not worth a million when you have 10 bitcoins.. but if it is in different investments and was safe from ponzi sites, OP might actually be a millionaire in 2030,  Smiley

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February 19, 2016, 12:30:16 PM
 #304

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

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February 19, 2016, 12:32:52 PM
 #305

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

Good projection. Im already good with this. Sooo good with this already. Got a couple of BTCs here myself. Hopes up!
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February 19, 2016, 12:37:33 PM
 #306

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

Therefore you need to have at least 20 bitcoin to be a millionaire then. But you only need 10 bitcoin to be millionaire in 2032.

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February 19, 2016, 02:10:18 PM
 #307

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

Therefore you need to have at least 20 bitcoin to be a millionaire then. But you only need 10 bitcoin to be millionaire in 2032.

By then you would have forgotten where you have stored your paper wallet, or your hard drive crashed, or your external wallet got stolen. Who knows, maybe BTC isn't even around anymore by then, who knows?

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February 20, 2016, 07:31:13 PM
 #308

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

Therefore you need to have at least 20 bitcoin to be a millionaire then. But you only need 10 bitcoin to be millionaire in 2032.

if he gonna wait for that long why not wait for another 2 more year i dont see any rush in it



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Nameless Coin
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February 20, 2016, 08:01:12 PM
 #309

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

Therefore you need to have at least 20 bitcoin to be a millionaire then. But you only need 10 bitcoin to be millionaire in 2032.

if he gonna wait for that long why not wait for another 2 more year i dont see any rush in it

I don't think so. The price will be determined in the next following 5 years.
After that i suppose the price will be stable again.
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February 20, 2016, 08:35:40 PM
 #310

I reckon the price will double every two years. So 2030 is 14 years from now, the price will rise 120 fold. The price will be $ 50k then.

Therefore you need to have at least 20 bitcoin to be a millionaire then. But you only need 10 bitcoin to be millionaire in 2032.

if he gonna wait for that long why not wait for another 2 more year i dont see any rush in it

I don't think so. The price will be determined in the next following 5 years.
After that i suppose the price will be stable again.

So in short what you are saying is that in 5 years there will never be more demand than at that time?
The only way it makes sense is that within 5 years mass adoption has occurred and there is no more new blood coming in the game.
There will be no more youngsters just getting into bitcoin it will just be totally static  Cheesy
I do not believe 10btc will make you a worthwhile millionaire in that year, there is a chance of being a millionaire from 10bitcoin but what is a million worth then taking into account the deterioration of the $ in the last 20years.

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February 20, 2016, 09:31:24 PM
 #311

I don' think 10 btc can make you a millionaire but a 0.25 millionaire  Smiley

1 BTC = 1 BTC
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February 20, 2016, 09:36:20 PM
 #312

I don' think 10 btc can make you a millionaire but a 0.25 millionaire  Smiley
the real question is, what this million of US green papers would gonna buy you by then? A can of coke? A dinner in a restaurant? A car? or more?

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February 20, 2016, 09:52:44 PM
 #313

I don' think 10 btc can make you a millionaire but a 0.25 millionaire  Smiley
the real question is, what this million of US green papers would gonna buy you by then? A can of coke? A dinner in a restaurant? A car? or more?

When we say the bitcoin is worth $1m, that means the $1m in today's money. The same buying power of today's $1m.

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February 20, 2016, 10:06:25 PM
 #314

I don' think 10 btc can make you a millionaire but a 0.25 millionaire  Smiley
the real question is, what this million of US green papers would gonna buy you by then? A can of coke? A dinner in a restaurant? A car? or more?

When we say the bitcoin is worth $1m, that means the $1m in today's money. The same buying power of today's $1m.
I doubt that the OP meant that. Could you guestimate, how many US$ that would be, more or less? Because, I have the impression you guys move more and more into a dreamland territory in this topic. Good night!

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February 20, 2016, 10:52:50 PM
 #315

Totally depends on the value of bitcoin in the year 2030, you can be a millionaire or you would be holding nothing if bitcoin disappears, but its good to hold 10 btc at a moment.
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February 21, 2016, 08:56:13 PM
 #316

In 2030, I think the price will rise 128 times from the $1000 price. So it will be 128,000 dollar. not a millionaire.

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February 21, 2016, 09:07:06 PM
 #317

It is almost certain that your 10 coins will worth a lot more in 2030. However, no one can say for sure if that is right or wrong.
Lets hope you get rich by that time
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February 22, 2016, 01:16:16 AM
 #318

You could have as little as nothing or as much as 500k or so. Unless it randomly becomes worth a lot more in that time frame. Then again if there was more adoption then it is possible. Or simply just more money into the system itself.

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February 22, 2016, 03:00:43 PM
 #319

I dont think so. Or maybe the value must rise very very fast. But that will not happen you can see that now.
Maybe you should invest more so you can make more money later and have some profit.

You never know what can happen in the future.
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February 22, 2016, 03:30:20 PM
 #320

I think this will not happen, you need a lot more bitcoins to do that, also the bitcoin will maybe not even exists anymore in that year.
If you ask me I think the bitcoin will disappear and there will come another currency for its place.
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