Zadicar
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January 23, 2017, 01:35:35 PM |
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Seeing on the current price of bitcoin now it would make me already a fiat millionaire in my country on just 25 btc and yes it just sounds to small but dollar rate is high versus on our currency thats why but answering on the op's question.I have choose 1000 btc or more would really give me a luxurios life for sure in incoming 5 years and how much more if the price would rose even higher.
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Vikingr
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January 23, 2017, 01:41:30 PM |
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Seeing on the current price of bitcoin now it would make me already a fiat millionaire in my country on just 25 btc and yes it just sounds to small but dollar rate is high versus on our currency thats why but answering on the op's question.I have choose 1000 btc or more would really give me a luxurios life for sure in incoming 5 years and how much more if the price would rose even higher.
In my country even in I can also be a millionaire with only 25 BTC but I do not think that getting some amount of money for to be only a millionaire is enough because one day that money will be finished or I can say that only a car can come with that money so it will be better that we manage for a continuous income for us.
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sunsilk
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January 23, 2017, 02:19:28 PM |
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I am in a positive side that bitcoin price will push through and unexpected will come in our way. Of course, you have to sacrifice your money now, make sure you don't withdraw it if you really want to become millionaire after 5 years if not, then you are just dreaming and just be happy for the success of others.
So how many bitcoins will make you a fiat millionaire for 5 years? We all know that we need to invest our money now, that isn't sacrificing at all. But as long as you can see that a potential profit is always going to be guaranteed with bitcoin, then that's going to be worth it. I assume that 100-1,000 BTC is guaranteed to make me a fiat millionaire. I was thinking 100 BTC also. You quite seriously think that all 100btc enough to become a millionaire? Then bitcoin price minimum should be $ 10,000 windows. I certainly believe in the great potential bitcoin, but that on many, it seems to me fantastic. Yes we really do think that 100 bitcoin is going to be enough to become millionaire for the next 5 years. As long as the price is going to keep on flooring at $900. Then with our local currencies that is going to be enough to make us fiat millionaire for sure. But it is better if that is going to be 1,000 bitcoins.
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Carmen_Sandiego
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January 23, 2017, 02:58:48 PM |
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I'm actually looking at somewhere between 1000 bitcoins and 1500 bitcoins and apart from halving and any pump that may occur within the 5 years I'm also considering some unforeseen dump that may cause my Bitcoin to de-value until an anticipated rise so all in all after checks and balances I think 1000 BTC should be enough to make me a millionaire in half a decade.
If the predictions regarding the price of Bitcoin come true, then surely a much smaller amount than that would be required to become a millionaire. I think that in the long term, Bitcoin can achieve values far superior to the values we are seeing at the moment, because Bitcoin is something that can solve many problems and consequently cause a considerable increase in demand.
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ingiltere
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January 23, 2017, 03:14:33 PM |
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halving earlier really has no effect on the price of bitcoin, but rumors before halving pretty well bring price increases at the time. First you need to learn basics. Halving always make Bitcoin greater spikes in history, check previous halving price charts if you don't know. The bull run start before halving and make a new support in new highs after halving. This will probably the last important halving because total mined coins is already more than 16 million. Mining will lose its biggest role, that's good for Bitcoin price though.
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disconnectme
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January 23, 2017, 04:15:08 PM |
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How you talking of Fiat in $$ or in the local currency of each individual countries. Here, I only need 2.5BTC to hit a million in my local currency.
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justdimin
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January 23, 2017, 04:29:36 PM |
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How you talking of Fiat in $$ or in the local currency of each individual countries. Here, I only need 2.5BTC to hit a million in my local currency.
That may be a slight misunderstanding about the term "millionaire in local fiats". I just wonder what are things you will be able to buy with 2.5 bitcoins worth of your local fiats ? If you are able to buy a house or car then it would be worth to target that amount of bitcoins. Yes, this topic is all about what target you may have for some amount of bitcoins, else there will be no meaning.
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basesaw
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January 23, 2017, 04:42:09 PM |
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theres some differences in fiats all over the world. here in my country you can be a millionaire if you got just 20 bitcoins. so earning for about the average of .8 per month will give .6 btc per month will give you a 20bitcoins per year. so it always depends. when youre in the united states of america it is much harder for you to earn your first million fiat using bitcoin.
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tabas
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January 23, 2017, 11:31:23 PM |
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We are in 2017 and if we talk about 2022 I think Bitcoin would be 5k to 10k so if you want to be a fiat (dollar) millionaire you need at least 100 to 200 BTC in your wallet. I consider next halving and more adoption rate so we can see 5k, it's a realistic value in 5 years.
That's also my quantity on how many bitcoins that I need to become fiat millionaire. I may not be dollar a millionaire but that can make me a wealthy and that will give me a financial freedom. And hopefully that the value of bitcoin will be that amount and it can make each bitcoin to have that bigger price that can make it more precious.
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PokemonFun
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January 23, 2017, 11:43:07 PM |
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I am hoping that bitcoin price will be maximum about 2000 dollars worth so I think that 100-500 bitcoin will be enought for us to become a fiat millionaire in 5 years.I think that Donald Trump if allow laws which will give kaboom to bitcoin price if he want to do that will pump bitcoin price to 1000-1500 dollars and when bitcoin become more popular in our big world then bitcoin price will be 1500-2500$ because bitcoin growing speed is really decreased so I dont expect some big kaboom because of USA laws for bitcoin or because world more using in % bitcoin.I want bitcoin price at least 10000$ because then I will be able to become a millionaire with a low amount of bitcoin but it is really hard to happent that I have 0 hope for that.
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wildan88
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January 24, 2017, 07:32:31 AM |
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halving earlier really has no effect on the price of bitcoin, but rumors before halving pretty well bring price increases at the time. First you need to learn basics. Halving always make Bitcoin greater spikes in history, check previous halving price charts if you don't know. The bull run start before halving and make a new support in new highs after halving. This will probably the last important halving because total mined coins is already more than 16 million. Mining will lose its biggest role, that's good for Bitcoin price though. I know, halving earlier when it increased before halving occurred. you have to look at the fact that after halving occurred no increase, even after that case hacker bitfinex and the price of getting down. prices increased early in the year of 2017. yeah perhaps halving effect do not directly occur.
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diegz
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January 24, 2017, 07:46:31 AM |
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theres some differences in fiats all over the world. here in my country you can be a millionaire if you got just 20 bitcoins. so earning for about the average of .8 per month will give .6 btc per month will give you a 20bitcoins per year. so it always depends. when youre in the united states of america it is much harder for you to earn your first million fiat using bitcoin.
I found this to be correct, since the OP didn't mention anything about which currency is he looking at except that ($) in the middle of his statement, therefore, if we look at it as to our local currency there will be differences. EU and countries there will need a lot of bitcoins to be a millionaire while countries from Asia and other countries where fiat's value is lesser than US$ will need lesser amount of bitcoin to be a millionaire in their place.
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canah17
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January 24, 2017, 02:37:01 PM |
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How many BTC will make you a fiat millionaire ($) in 5 years? Why?
Well i voted for 100-500 its enough for me to be a billionaire and Yes! if i earn up much bitcoin as a usually do ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) and store it in my wallet until my five years so that i would be a millionaire if bitcoin will become more and more exceeds up ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) storing bitcoin is the best to make you a billionaire but don't ever forget you must work hard to achieve that for example double time earning bitcoin have a profitable income like ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) i post in this forum and do trading and gambling ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) i really want to be a millionaire
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AjithBtc
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January 24, 2017, 02:46:54 PM |
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At least a minimum of 100btc is required to make one a millionaire in terms of fiat. The count 100btc is a possible amount to be earned in 5years time.
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markyminer
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January 24, 2017, 03:58:12 PM Last edit: January 24, 2017, 11:27:22 PM by markyminer |
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At least a minimum of 100btc is required to make one a millionaire in terms of fiat. The count 100btc is a possible amount to be earned in 5years time.
although the number of bitcoin also important that if you have a good amount of bitcoin then you can become a millionaire, but i think it also depend on the price of bitcoin. if the price of bitcoin is trading above 1000 USD then even 1000 to 1200 USD is also enough to become a millionaire. and so the value can be change with price change of bitcoin. so if we calculate the preset price of bitcoin when it is trading just above 900 USD therefore i think 1500 USD will be enough for becoming a millionaire.
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basesaw
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January 24, 2017, 04:21:35 PM |
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At least a minimum of 100btc is required to make one a millionaire in terms of fiat. The count 100btc is a possible amount to be earned in 5years time.
to become a mallinioun you must have 2000 Bitcoins i think here in our country the value of 2000 bitcoin is almost 90 million. so it depends where state you came from. in united states the value of 2000bitcoin is almost 2 million dollars. it depends also when to sell or buy bitcoin. today we know that bitcoin is volatile it changes from time to time. today bitcoin is 930usd, we dont know whats the value of bitcoin to the next 5years.
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Oggy1987
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January 24, 2017, 06:41:03 PM |
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I voted 100-500. More exact answer in my opinion would be 200. I dont see price going much higher then $5000 in next 5 years. Dont get me wrong, that would be great price, but would not make a millionar ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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berserkinterbuy
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February 06, 2017, 06:08:22 PM |
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I voted 100-500. More exact answer in my opinion would be 200. I dont see price going much higher then $5000 in next 5 years. Dont get me wrong, that would be great price, but would not make a millionar ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I'm very happy that my bitcoin price crossed a boundary in $ 1,000, but do you think you'd expect the price of bitcoin in the neighborhood of $ 5,000. I think it's fiction or region or for such growth should be more than 5 years.
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eduaro66
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February 06, 2017, 07:13:29 PM |
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At least a minimum of 100btc is required to make one a millionaire in terms of fiat. The count 100btc is a possible amount to be earned in 5years time.
to become a mallinioun you must have 2000 Bitcoins i think here in our country the value of 2000 bitcoin is almost 90 million. so it depends where state you came from. in united states the value of 2000bitcoin is almost 2 million dollars. it depends also when to sell or buy bitcoin. today we know that bitcoin is volatile it changes from time to time. today bitcoin is 930usd, we dont know whats the value of bitcoin to the next 5years. In general, the market price of bitcoin is around $ 1017 for 1btc and it is not so little. True to become a millionaire in five years, it is necessary to distinguish between the price several times from the current level.
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Grdas130979
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February 06, 2017, 07:29:39 PM |
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I vote 100-500 since i believe that there will be mass adoption in some years and BTC will be used as a safe heaven to troubled times ahead.
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