nururochac
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July 22, 2016, 09:27:28 AM |
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2030 is 14 years from now. If the bitcoin price double every 2 years, the price will be 100 times highers, So each coin is about $60,000. You need more than 16.
That's a very calcuation and it can't speculate anything because not all the time the price of bitcoin will double every two years, it will depend on how fast the adoptation on the coin would be. I believe it will be more quicker since after 10 years we might be seeing a world with full of technology in it.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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marcuslong
Legendary
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Activity: 1036
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July 22, 2016, 09:35:03 AM |
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Well its nothing is impossible you to be a millionaire by 2030 because no one can predict bitcoin price in that year so may your speculation get true . Keep in dreaming coz we are in the world that have freedom to dream. Maybe next year or next month bitcoin jump to 50,000$ each.
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Bitcoinbro
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July 22, 2016, 01:18:13 PM |
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10 BTC will not make you a millionaire, not now, not over 5 years, not over 50 years. Bitcoin's price is limited and it sure will not reach 100k. Use bitcoin as it was intended for.. transactions.
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JumperX
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July 22, 2016, 02:00:34 PM |
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10 BTC will not make you a millionaire, not now, not over 5 years, not over 50 years. Bitcoin's price is limited and it sure will not reach 100k. Use bitcoin as it was intended for.. transactions.
Yeah its not possible to become millionaire with 10 bitcoin, but if you are holding 100 btc then you can definitely become millionaire but its not possible for everyone to hold that huge amount.
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dumpida
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July 22, 2016, 05:49:14 PM |
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10 BTC will not make you a millionaire, not now, not over 5 years, not over 50 years. Bitcoin's price is limited and it sure will not reach 100k. Use bitcoin as it was intended for.. transactions.
Yeah its not possible to become millionaire with 10 bitcoin, but if you are holding 100 btc then you can definitely become millionaire but its not possible for everyone to hold that huge amount. It all depends on the price of the bitcoin. I am pretty sure the bitcoin price will be at least $10,000 in 2030.
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safari88
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July 22, 2016, 06:52:32 PM |
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10 BTC will not make you a millionaire, not now, not over 5 years, not over 50 years. Bitcoin's price is limited and it sure will not reach 100k. Use bitcoin as it was intended for.. transactions.
Yeah its not possible to become millionaire with 10 bitcoin, but if you are holding 100 btc then you can definitely become millionaire but its not possible for everyone to hold that huge amount. It all depends on the price of the bitcoin. I am pretty sure the bitcoin price will be at least $10,000 in 2030. you do not get too confident that prices in 2030 will reach $10,000, so you think only have 10 BTC to become a millionaire. but you have to think if low prices occur in the future, so this time you can collect more bitcoin to become a millionaire. at least have 100 BTC was quite.
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TrueCryptonaire
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July 22, 2016, 09:38:45 PM |
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In the long term, the bitcoin price will rise due to mass adoption. In 14 years, the bitcoin price could be $200,000.
I think you are pretty conservative here. Despite the adaption rate will decline when the majority of the masses have adopted bitcoin as their currency, the inflation is also getting lower. Therefore I think 10 000 % increase after each blockhalving is actually quite realistic. That means, the current blockhalving should result price of around 60 000 usd/btc sometime in the coming years. The block halving of 2020 will make the price to millions of dollars per bitcoin so 2030 holding even 0.1 btc should be able to make you a millionaire not to mention of holding 10 btc. The advantage of owning more bitcoins is sooner millionaire status. I don't see how the inflation rate decrease once more people use to give demand on coin, isn't it should be the other way around? Inflation should increase fast because it will be use for more users. In fiat system the inflation should increase with the increase in economic growth because higher GDP requires more money. The beauty with bitcoin is that it is tightly limited to 21 million coins. When bitcoin economy grows, more coins are needed and the holders need to sell but if they are like me it has to be more expensive to make me selling even a small amount of coins. Therefore Bitcoin is like a pyramid scheme where the new comers will make the price to rise and the existing holders will gain if they buy and hold the longest time. The best thing is that the new comers do not need to worry about at what price they will pay for their bitcoin - it still is a bitcoin and a part of the global digital currency pie.
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tampazeus
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July 22, 2016, 09:43:32 PM |
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10 BTC will not make you a millionaire, not now, not over 5 years, not over 50 years. Bitcoin's price is limited and it sure will not reach 100k. Use bitcoin as it was intended for.. transactions.
Yeah its not possible to become millionaire with 10 bitcoin, but if you are holding 100 btc then you can definitely become millionaire but its not possible for everyone to hold that huge amount. It all depends on the price of the bitcoin. I am pretty sure the bitcoin price will be at least $10,000 in 2030. you do not get too confident that prices in 2030 will reach $10,000, so you think only have 10 BTC to become a millionaire. but you have to think if low prices occur in the future, so this time you can collect more bitcoin to become a millionaire. at least have 100 BTC was quite. Yeah and we have an opportunity to earn at a moment so why should not make best use of it an try to earn as much as possible for future.
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dandroid
Member
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Activity: 70
Merit: 10
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July 22, 2016, 09:57:39 PM |
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I think you will need at least three times the amount. But who knows? Many things can happen during this period of time.
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hendra147
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July 23, 2016, 12:14:13 AM |
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maybe yess but it's seem imposible,now the value of 10btc is only arround $6.500. but if people keep holding bitcoin, and new investor come everyday i think with 100btc we can be amillionare by 2030
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dinda22
Legendary
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Merit: 1000
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July 23, 2016, 04:48:59 AM |
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maybe yess but it's seem imposible,now the value of 10btc is only arround $6.500. but if people keep holding bitcoin, and new investor come everyday i think with 100btc we can be amillionare by 2030
10 BTC it will be possible become a millionaire in 2030, if the price of bitcoin in that year reach $100,000. but it is impossible is the price of bitcoin will reach very high in the future. so right, we need at least 100 BTC to anticipating low price in the future.
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opossum
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July 23, 2016, 05:54:46 AM |
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maybe yess but it's seem imposible,now the value of 10btc is only arround $6.500. but if people keep holding bitcoin, and new investor come everyday i think with 100btc we can be amillionare by 2030
10 BTC it will be possible become a millionaire in 2030, if the price of bitcoin in that year reach $100,000. but it is impossible is the price of bitcoin will reach very high in the future. so right, we need at least 100 BTC to anticipating low price in the future. Yes if you hold 100 or more btc in your wallet then you can become millionaire in future even if price doesn't reaches to the moon, and its surely not possible with 10 btc.
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Dr.Osh
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Merit: 1004
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July 23, 2016, 06:36:44 AM |
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maybe yess but it's seem imposible,now the value of 10btc is only arround $6.500. but if people keep holding bitcoin, and new investor come everyday i think with 100btc we can be amillionare by 2030
10 BTC it will be possible become a millionaire in 2030, if the price of bitcoin in that year reach $100,000. but it is impossible is the price of bitcoin will reach very high in the future. so right, we need at least 100 BTC to anticipating low price in the future. Yes if you hold 100 or more btc in your wallet then you can become millionaire in future even if price doesn't reaches to the moon, and its surely not possible with 10 btc. indeed nothing is impossible, even 10 BTC can make you a millionaire in the future. but I think it would be very long if you're just preparing 10 BTC to become a millionaire. I am pretty sure you must have more than 10 BTC, probably 100 BTC is enough for that, but still, when you need to be millionaire was quite long, because no one is certain about the price of bitcoin
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FruitBucket
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July 23, 2016, 05:47:04 PM |
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maybe yess but it's seem imposible,now the value of 10btc is only arround $6.500. but if people keep holding bitcoin, and new investor come everyday i think with 100btc we can be amillionare by 2030
10 BTC it will be possible become a millionaire in 2030, if the price of bitcoin in that year reach $100,000. but it is impossible is the price of bitcoin will reach very high in the future. so right, we need at least 100 BTC to anticipating low price in the future. Yes if you hold 100 or more btc in your wallet then you can become millionaire in future even if price doesn't reaches to the moon, and its surely not possible with 10 btc. indeed nothing is impossible, even 10 BTC can make you a millionaire in the future. but I think it would be very long if you're just preparing 10 BTC to become a millionaire. I am pretty sure you must have more than 10 BTC, probably 100 BTC is enough for that, but still, when you need to be millionaire was quite long, because no one is certain about the price of bitcoin I agree with that totally. It might just take 15 to 20 years for the bitcoin to reach the price of $100,000 each.
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CloudStrife
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July 23, 2016, 07:01:57 PM |
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Maybe not a millionaire, but It would be more than enough for retirement.
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purebitco
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July 23, 2016, 08:53:09 PM |
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100 BTC? 0.00000001 BTC? Nah... extremes are not for me.
What do you guys think?
Bitcoin would have to be very expensive them but i am sure that if bitcoin will be alive for that long, it's price will br very large too
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buyinbtc
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July 23, 2016, 09:37:20 PM |
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Maybe not a millionaire, but It would be more than enough for retirement.
i think that he will surely be able to become a millionaire because the price of the bitcoin is going to grow a lot in the near future and he will make some good money
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zeta1
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July 23, 2016, 09:38:42 PM |
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Maybe not a millionaire, but It would be more than enough for retirement.
Depending where you live though
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Nimbulan
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July 23, 2016, 10:26:33 PM |
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I think you will need at least three times the amount. But who knows? Many things can happen during this period of time.
i highly doubt that, he will definitely not need too much bitcoins because the price is going to be huge and i think we will all benefit from that and he will be a millionaire
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social crypto comunity
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July 23, 2016, 11:53:52 PM |
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100 BTC? 0.00000001 BTC? Nah... extremes are not for me.
What do you guys think?
if you hold ten bitcoin you can rich and milionaire is price bitcoin future is one bitcoin price one milion dollar
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