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Question: How many BTC will make you a millionaire in 5 years?
0.01 - 2 (0.9%)
0.1 - 1 (0.4%)
1-3 - 1 (0.4%)
3-5 - 2 (0.9%)
5-10 - 7 (3%)
10-25 - 18 (7.8%)
25-50 - 7 (3%)
50-100 - 35 (15.2%)
100-500 - 48 (20.8%)
500-1000 - 38 (16.5%)
More than 1000 - 72 (31.2%)
Total Voters: 231

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Author Topic: How many BTC will make you a fiat millionaire in 5 years?  (Read 21830 times)
South Park
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February 24, 2017, 04:03:09 PM
 #461

It depends on the currency you use and the price of bitcoin at the time, since the currency of my country has a very low price compared to the dollar I don't need a crazy amount of bitcoin or for the price to skyrocket to be a millionaire in my country I will only need 25BTC for that to happen.
yup it depends upon the currency rate of country and bitcoin exchange rate. According to the growth rate of bitcoin as compare to economical rate of any country bitcoin growth rate is much greater may be in coming time much less bitcoin can make you a millionaire.  I think, In coming 2-year bitcoin currency rate exceed up to greater level then why you wait for 5-year working you will be millionaire in just 2-year if you continuously working with bitcoin.
Most of the people who says millionaire means to millionaire in US terms.

So according to the growth rate of about x4 each year, you will be able to be a millionaire from 1 bitcoin in 6 years.

But again.. nothing is predictable so don't catch me on the word/

I understand that but it is also nice to see how much bitcoin you need in your local currency, although 25 BTC does not seem like much, I could buy a decent house for that price right now and if we wait and the price keeps increasing I could buy an even bigger house with the same a mount of bitcoins.

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March 02, 2017, 06:57:05 AM
 #462

It depends on the currency you use and the price of bitcoin at the time, since the currency of my country has a very low price compared to the dollar I don't need a crazy amount of bitcoin or for the price to skyrocket to be a millionaire in my country I will only need 25BTC for that to happen.
yup it depends upon the currency rate of country and bitcoin exchange rate. According to the growth rate of bitcoin as compare to economical rate of any country bitcoin growth rate is much greater may be in coming time much less bitcoin can make you a millionaire.  I think, In coming 2-year bitcoin currency rate exceed up to greater level then why you wait for 5-year working you will be millionaire in just 2-year if you continuously working with bitcoin.
Most of the people who says millionaire means to millionaire in US terms.

So according to the growth rate of about x4 each year, you will be able to be a millionaire from 1 bitcoin in 6 years.

But again.. nothing is predictable so don't catch me on the word/

I understand that but it is also nice to see how much bitcoin you need in your local currency, although 25 BTC does not seem like much, I could buy a decent house for that price right now and if we wait and the price keeps increasing I could buy an even bigger house with the same a mount of bitcoins.
Become Millionaire For 5 years, this is probably the dream of everyone, that's just the reality is quite different. Bitcoin today almost to be floating in the same position, and I'm not sure that the figures will change significantly over the five years. If we take the term, the price should be at least about $ 5k for btc. but I doubt that you can make as many bitcoin that such a short rows to get the status of a millionaire.
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March 04, 2017, 06:48:38 AM
 #463

It depends on the currency you use and the price of bitcoin at the time, since the currency of my country has a very low price compared to the dollar I don't need a crazy amount of bitcoin or for the price to skyrocket to be a millionaire in my country I will only need 25BTC for that to happen.
yup it depends upon the currency rate of country and bitcoin exchange rate. According to the growth rate of bitcoin as compare to economical rate of any country bitcoin growth rate is much greater may be in coming time much less bitcoin can make you a millionaire.  I think, In coming 2-year bitcoin currency rate exceed up to greater level then why you wait for 5-year working you will be millionaire in just 2-year if you continuously working with bitcoin.
Most of the people who says millionaire means to millionaire in US terms.

So according to the growth rate of about x4 each year, you will be able to be a millionaire from 1 bitcoin in 6 years.

But again.. nothing is predictable so don't catch me on the word/

I understand that but it is also nice to see how much bitcoin you need in your local currency, although 25 BTC does not seem like much, I could buy a decent house for that price right now and if we wait and the price keeps increasing I could buy an even bigger house with the same a mount of bitcoins.
I would not have wanted to be a millionaire, do better using bitcoin to buy yourself a good life for them that is what I need most. This house and car and other nice things. And millionaire status I do not need.
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March 04, 2017, 06:52:53 AM
 #464

It depends on the currency you use and the price of bitcoin at the time, since the currency of my country has a very low price compared to the dollar I don't need a crazy amount of bitcoin or for the price to skyrocket to be a millionaire in my country I will only need 25BTC for that to happen.
Yup, it depends upon the currency rate of country and bitcoin exchange rate. According to the growth rate of bitcoin as compare to economical rate of any country bitcoin rate is much greater which can make you a millionaire quicker than you will imagine. I think, in next 2 year bitcoin growth will rate exceed up to greater levels then no need to wait for 5 years working, you will be millionaire in just 2 year if you will be continuously working for bitcoins.

like hundreds of coins, then my future and the the future of my family will be guaranteed for the rest of our lives.
No one ever can sure about it. Because inflation of fiat might make cost of living into 10X times too. No one can predict even 10 million USD also will be enough for next generations as US dollars also might lose its buying power.
If a bit to listen to the forecasts of experts in the field of bitcoin, already in the next years, bitcoin can growths and to $ 5-10k, although I very much doubt at very aggressively forward to such heights. That can become rich very quickly.
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March 04, 2017, 08:04:06 AM
 #465

According to forecasts but, bitcoin will produce a few more years until the last mined bitcoin. When it's over, the price may rise to $ 10k, and then it will be easier. Total 100btc and you're king.

A few more years? Try 100 years. We'll all be long gone, seriously. If we have to wait that long for BTC to hit $10,000 we'll never see it.

So, what's your take in 5 years....not 100 years? I'll say BTC1000. (Which would make you a bitcoin millionaire today)
Half of that would be enough already, considering it's still five years from now. The progress will continue as we have started it this year, the recent price increase give a signal to people who are still in doubt and I would not be surprise if 5 years from now, these people are already adopting with bitcoin. Further, our prediction should be based on our capacity, if we cannot make that BTC100 in five years then we go lower than that and make sure it will satisfy our wants.

Let's do all sort of investments or ways that could give the amount we are hoping, think always that actions speaks louder than words and taking risks is our main weapon for success.

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March 04, 2017, 08:49:29 AM
 #466

Right now, it is very difficult to imagine an exchange rate of more than $10,000 per coin for Bitcoin in 2020. So I assume that if someone is having BTC100 in his wallet, then he can become a millionaire, in fiat terms.

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March 04, 2017, 03:44:42 PM
 #467

It is nice to plan for 5 years from now to be a millionaire by having bitcoins, I think if you have 100 bitcoins or more, then you have  a good chances to be a bitcoin millionaire as the chances of price appreciation is quite high. Keep collecting more bitcoins as and when you can.


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