Bitcoin Forum
March 28, 2024, 03:57:14 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
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

Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 »  All
  Print  
Author Topic: How many BTC will make you a fiat millionaire in 5 years?  (Read 21799 times)
richardsNY
Legendary
*
Offline Offline

Activity: 1232
Merit: 1091


View Profile
January 05, 2016, 07:40:44 PM
 #81

The price of Bitcoin isn't just going to shoot up like that. The price will gradually, key word gradually, rise. We can't expect ourselves to be millionaires in five years because of Bitcoin. If you invest in thousands of Bitcoin, then maybe you will become a millionaire. But there is really no telling where Bitcoin is going to go. So we can't tell you how many Bitcoins you would need.

People expect an all time high to be reached soon after the block reward halving.
If that is true, you don't need to buy thousands of bitcoins to be a millionaire.  Wink

In general people have very high expectations. It's always a good idea to look at things from a realistic point of view first. If you after that still think we'll see a certain price this year, then it's at least a well thought prediction. I have lowered my prediction for this year from a new ATH, to now $1000 as the highest price this year.
1711641434
Hero Member
*
Offline Offline

Posts: 1711641434

View Profile Personal Message (Offline)

Ignore
1711641434
Reply with quote  #2

1711641434
Report to moderator
1711641434
Hero Member
*
Offline Offline

Posts: 1711641434

View Profile Personal Message (Offline)

Ignore
1711641434
Reply with quote  #2

1711641434
Report to moderator
1711641434
Hero Member
*
Offline Offline

Posts: 1711641434

View Profile Personal Message (Offline)

Ignore
1711641434
Reply with quote  #2

1711641434
Report to moderator
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711641434
Hero Member
*
Offline Offline

Posts: 1711641434

View Profile Personal Message (Offline)

Ignore
1711641434
Reply with quote  #2

1711641434
Report to moderator
1711641434
Hero Member
*
Offline Offline

Posts: 1711641434

View Profile Personal Message (Offline)

Ignore
1711641434
Reply with quote  #2

1711641434
Report to moderator
1711641434
Hero Member
*
Offline Offline

Posts: 1711641434

View Profile Personal Message (Offline)

Ignore
1711641434
Reply with quote  #2

1711641434
Report to moderator
sanadas
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
January 08, 2016, 07:24:14 PM
 #82

The price of Bitcoin isn't just going to shoot up like that. The price will gradually, key word gradually, rise. We can't expect ourselves to be millionaires in five years because of Bitcoin. If you invest in thousands of Bitcoin, then maybe you will become a millionaire. But there is really no telling where Bitcoin is going to go. So we can't tell you how many Bitcoins you would need.

People expect an all time high to be reached soon after the block reward halving.
If that is true, you don't need to buy thousands of bitcoins to be a millionaire.  Wink

Yes. If the price rises to $3000 as predicted by some people, you only need 333 to be a dollar millionaire.

BellaBitBit
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
January 08, 2016, 07:48:27 PM
 #83

Could be 10 or it could be 100 or more.  Who knows but it is going to be a wild ride.  In the end it is all about what you are comfortable with without taking too much risk.

I love Bitcoin
Epicnicity
Member
**
Offline Offline

Activity: 110
Merit: 10


View Profile
January 08, 2016, 09:40:17 PM
 #84

I believe it will be more than 1000, in order to be a millionaire

5 years is not that much and I doubt that bitcoin will be at a stable price where you are able to be a millionaire with only 100 bitcoins

▲▼▲▼▲▼▲▼  No.1 Bitcoin Binary Options and Double Dice  ▲▼▲▼▲▼▲▼
████████████████████████████████  sec◔nds trade  ████████████████████████████████
↑↓ Instant Bets ↑↓ Flexible 1~720 minutes Expiry time ↑↓ Highest Reward 190% ↑↓ 16 Assets [btc, forex, gold, 1% edge double dice] ↑↓
Raize
Donator
Legendary
*
Offline Offline

Activity: 1419
Merit: 1015


View Profile
January 08, 2016, 09:51:03 PM
 #85

20 should be sufficient (valued at around $50k/coin), but that works only briefly as the price will be very volatile around 2021. A better number to plan on owning may be ~100 and selling very small amounts at regular intervals once it crosses ~$10k circa early 2019. What you definitely don't want to do is keep all your coin in one exchange and attempt to sell $100k or more all at once, you'll get Goxxed.

Also, pay your taxes if you are converting to fiat. Don't keep holding much into 2021 as it will start falling again, obviously. I'd strongly consider diversifying as you sell.
DrLove2048
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
January 08, 2016, 10:15:32 PM
 #86

Got to be atleast 200 coins. I do not see it getting into the 10k by then for sure and doubtful over 5k

▲▼▲▼▲▼▲▼  No.1 Bitcoin Binary Options and Double Dice  ▲▼▲▼▲▼▲▼
████████████████████████████████  sec◔nds trade  ████████████████████████████████
↑↓ Instant Bets ↑↓ Flexible 1~1440 minutes Expiry time ↑↓ Highest Reward 190% ↑↓ 16 Assets [btc, forex, gold, 1% edge double dice] ↑↓
randy8777
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
January 08, 2016, 10:43:01 PM
 #87

20 should be sufficient (valued at around $50k/coin), but that works only briefly as the price will be very volatile around 2021. A better number to plan on owning may be ~100 and selling very small amounts at regular intervals once it crosses ~$10k circa early 2019. What you definitely don't want to do is keep all your coin in one exchange and attempt to sell $100k or more all at once, you'll get Goxxed.

Also, pay your taxes if you are converting to fiat. Don't keep holding much into 2021 as it will start falling again, obviously. I'd strongly consider diversifying as you sell.

you are way too optimistic i see. the higher the price will be, the weaker the order book will get. early adopters will smash through all buy walls instantly. right now a buy wall of 2000 btc is worth $900,000. at the time bitcoin is worth $10,000 per coin, the $900,000 buy wall will translate into 90 btc. early adopters with thousands of coins will have a fun time selling through everything.
Raize
Donator
Legendary
*
Offline Offline

Activity: 1419
Merit: 1015


View Profile
January 08, 2016, 11:28:23 PM
 #88

you are way too optimistic i see. the higher the price will be, the weaker the order book will get. early adopters will smash through all buy walls instantly. right now a buy wall of 2000 btc is worth $900,000. at the time bitcoin is worth $10,000 per coin, the $900,000 buy wall will translate into 90 btc. early adopters with thousands of coins will have a fun time selling through everything.

I'm not saying that couldn't happen, the selling through buy walls, but aside from the increase in price, what will have changed geopolitically that would cause these same early adopters who spurned fiat to suddenly value it enough they want to hold it? Especially for the ones in the US that would likely be subject to harsh taxes on it once sold?

I guess what maybe I'm asking is, suppose I'm an early adopter that got involved in late 2010 and made my first purchase in early 2011. If I didn't sell at $10, didn't sell at $100, and didn't sell at $1,000, then at what price point am I supposed to sell, and why?
btcprospecter
Sr. Member
****
Offline Offline

Activity: 504
Merit: 251


★777Coin.com★ Fun BTC Casino!


View Profile
January 08, 2016, 11:40:59 PM
 #89

I would be great if the price went to 10000 per coin I would be happy enough with that. 100 bitcoin would be enough to see me throughout my future years

Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
January 09, 2016, 07:57:18 AM
 #90

20 should be sufficient (valued at around $50k/coin), but that works only briefly as the price will be very volatile around 2021. A better number to plan on owning may be ~100 and selling very small amounts at regular intervals once it crosses ~$10k circa early 2019. What you definitely don't want to do is keep all your coin in one exchange and attempt to sell $100k or more all at once, you'll get Goxxed.

Also, pay your taxes if you are converting to fiat. Don't keep holding much into 2021 as it will start falling again, obviously. I'd strongly consider diversifying as you sell.

i can't grasp my head on why it should be 2021, and not 2029, after 5 halving and after satoshi said even so

why 2021 should be important, besides being the next years after the third halving?
Kprawn
Legendary
*
Offline Offline

Activity: 1904
Merit: 1073


View Profile
January 09, 2016, 08:50:30 AM
 #91

I am also going for the 500 - 1000 bitcoins option, purely based on the devaluation of the other world currencies and the instability in the world economy as predicted by some.

It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's

burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.  Grin Grin Grin

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
expert4knowledge
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


The All-in-One Cryptocurrency Exchange


View Profile
January 09, 2016, 09:19:59 AM
 #92

I am also going for the 500 - 1000 bitcoins option, purely based on the devaluation of the other world currencies and the instability in the world economy as predicted by some.

It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's

burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.  Grin Grin Grin
I consider 100-500 bitcoins, it is clear that with more bitcoins such as 10000 bitcoins people become reach but 500-1000 is a very probable number.

██████
███
███
███
███
███
███
███
███
███
███
███
███
                ▄███
              ▄███▌ █
             ▀▀▀██▄  █
           ▄███▄▄ ▀▀▀█
          █ █████▀▀▀▄▄
         ▄██ ███▄    █
        ▐███▀   ▀█   █
        ████     █   █
       ▄██▀▄█▄▄▄█▀   █
       ▀▄▄███▌      █
   ▄▄▄▀▀▀████       █
 ▄▀    ██ ██       █
▐▌     ██▌▐▌      ▀▄
█      ██ █         ▀▄
█      █▀▄▌          █
█   ▄▀█▄██           █
█ ▄▀      ▀▀▄▄▀▄     █
▀▀             █    █
               █  ▄▀
               ▀▄█
     ▀█████████████▄▄
  ▀ ▀▀▀███████████████▌
   ▀ ▀▀▀▀██▀▀▀▀▀▀██████         ▄███████▄      ▄▄███████▄    ▄███▄    ▄███▄ ▄███▄      ▄███▄
▀ ▀▀▀▀█████▄▄▄▄▄▄█████▌       ▄████▀▀▀████▄   ▐████▀▀█████   ▀████▄  ▄████▀ █████▄    ▄█████
    ▀▀███████████████▀       █████     ████▌          ████▌    ▀████████▀    █████▄  ▄█████▌
   ▀ ▀████████████████▀ ▀    ██████████████▌   ▄▄██████████     ▄██████▄      █████▄▄█████▌
     ██████      ██▀▀▀▀▀▀▀ ▀ █████▀▀▀▀▀▀▀▀    █████▀▀▀█████    ▄████████▄      ██████████▌
     ██████▄▄▄▄▄▄██████▄ ▄    ████▄▄   ▄▄█▄   ████▄  ▄█████  ▄█████▀▀█████▄     ████████▌
     █████████████████▀        ▀███████████   ▀████████████  ████▀    ▀████      ██████▌
     ██████████████▀▀             ▀▀▀▀▀▀▀       ▀▀▀▀▀▀ ▀▀▀    ▀▀        ▀▀        █████
                                                                                ▄█████
                                                                            ▄███████▀
                                                                            ▀████▀▀
███
███
███
███
███
███
███
███
███
███
███
███
██████
|█████████████████
███████████████████
█████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
  WHITEPAPER 
  LIGHTPAPER...
|Instant Deposit
✓ 24/7 Support
Referral Program
aleandromagno
Legendary
*
Offline Offline

Activity: 1323
Merit: 1000



View Profile
January 10, 2016, 03:44:40 PM
 #93

determinate quantity is impossible, but if price and use of bitcoin, will be rise, for me 100-200 btc

.
..1xBit.com   Super Six..
▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████  ▀██
██████████▌   ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████
███████████████
█████████████▀
█████▀▀      
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████      
████████▌    
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████    
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
.
Premier League
LaLiga
Serie A
.
Bundesliga
Ligue 1
Primeira Liga
.
..TAKE PART..
Sorrowfox
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250



View Profile
October 23, 2016, 06:05:24 AM
 #94

FOR THOSE WHO DOESN'T UNDERSTAND WHAT IS FIAT

Fiat Money -Toilet Paper Money

The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.

Why would it be different here in the U.S.? Well, in actuality, it hasn’t been. In fact, in our short history, we’ve already had several failed attempts at using paper currency, and it is my opinion that today’s dollars are no different than the continentals issued during the Revolutionary War. But I will get into that in a moment. In the meantime, I will show you that fiat currencies have not been successful, and the only aspect of fiat currencies that have stood the test of time is the inability of political systems to prevent the devaluation and debasement of this toilet paper money by letting the printing presses run wild.
milewilda
Legendary
*
Offline Offline

Activity: 3066
Merit: 1126



View Profile
October 23, 2016, 06:20:46 AM
 #95

I am also going for the 500 - 1000 bitcoins option, purely based on the devaluation of the other world currencies and the instability in the world economy as predicted by some.

It would not be a huge accomplishment to be a fiat millionaire, when it happens... because your buying power with a million dollar for instance will not buy you a Mac Donald's

burger when it happens. Let's make the accomplishment the fact that you own a single Bitcoin.  Grin Grin Grin
I consider 100-500 bitcoins, it is clear that with more bitcoins such as 10000 bitcoins people become reach but 500-1000 is a very probable number.

People would  sure to choose more  than 1000+  bitcoins on  the  poll  because   they could really assume that they would  make them  millionaire  and even more because   we  cant really predict  the price on   upcoming 5 years  on bitcoin ecosystem. If  we  just  put an example as of todays price  it  could   make  us millionaire  on  a certain amount  of  bitcoins  because  it would really  varry  on which  country do you  live.

Xester
Hero Member
*****
Offline Offline

Activity: 994
Merit: 544



View Profile
October 23, 2016, 06:32:07 AM
 #96

I voted for a thousand bitcoin because it is sure to have a huge amount of btc to become a millionaire.  Plus we do not know how much or what will be the cost of one bitcoin after 5 years from now.  It could be like one bitcoin is enough to become a millionaire or worst a hundred bitcoin is not enough.
mishra1994u
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
October 23, 2016, 06:41:22 AM
 #97

I have voted for 100-500 bitcoins but i see many people voted for over 1000BTC because it depends on currency of that particular country.
But according to currency in my country you will be a millionarie for sure even with 2-3 bitcoins specially after 5 years when price of bitcoin would be more.
Fatanut
Legendary
*
Offline Offline

Activity: 1008
Merit: 1059


View Profile
October 23, 2016, 07:40:44 AM
 #98

I think in 5 years, the price of bitcoin would be more than 1000$ or atleast about to reach 1000$. So you have to own 1000BTC to be a fiat millionaire. 1000BTC x 1000$/BTC = 1,000,000$. My assumption might be the worst case scenario. There's also the best case scenario wherein people have embraced the concept of bitcoin, dumped their fiat, and that made the price of bitcoin pump. All of those can happen in 5 years. It's a possibility but it's very unlikely.

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

                   BitCloak Bitcoin Mixer  
  BTC & BCH | API| MULTIADDRESS| PGP PROOF|  FAST MIX |  ESCROW|  MORE ! 

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

eaLiTy
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 911

Have Fun )@@( Stay Safe


View Profile
October 23, 2016, 09:46:13 AM
 #99

In 5 years, the price will just about $10,000. So we need at least 100 bitcoins to make a millionaire.
let the price rise above $1000 mark first and then talk about $10,000 ,you cannot predict what the future holds ,but i am sure it wont reach anywhere near the said values,so i am out of here Smiley

1,000,000BTC

1 million bitcoins will be required to b a millionaire in 2020!

Could be 1BTC could be NONE (if it is more than 40000000 BTC then it won't be possible!)
did you mean 1million satoshi or are you telling that the price of bitcoin will be $1 in 5 years time,get your calculation straight
the possibility is that you need around 1000 btc if you want to be a millionaire in 5 years time.
saiha
Hero Member
*****
Offline Offline

Activity: 840
Merit: 501

Strength in Numbers


View Profile
October 23, 2016, 10:26:55 PM
 #100

I have voted for 100-500 bitcoins but i see many people voted for over 1000BTC because it depends on currency of that particular country.
But according to currency in my country you will be a millionarie for sure even with 2-3 bitcoins specially after 5 years when price of bitcoin would be more.

Me too this is my assumption that we need atleast 100-500 bitcoins in able to be millionaire with fiat and let's just think that the stable price would be $1,000 -$10,000.

This is going to make your dollar millionaire or if not just convert it to your local currency and that is going to make you millionaire in your own country.

Vires in Numeris
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!