Bitcoin Forum
November 25, 2017, 04:54:51 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: As the price of a single bitcoin gets further and further out of reach.....  (Read 1158 times)
ReformedAltCoinShill
Newbie
*
Offline Offline

Activity: 11


View Profile
March 01, 2017, 05:25:24 PM
 #1

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511585691
Hero Member
*
Offline Offline

Posts: 1511585691

View Profile Personal Message (Offline)

Ignore
1511585691
Reply with quote  #2

1511585691
Report to moderator
1511585691
Hero Member
*
Offline Offline

Posts: 1511585691

View Profile Personal Message (Offline)

Ignore
1511585691
Reply with quote  #2

1511585691
Report to moderator
1511585691
Hero Member
*
Offline Offline

Posts: 1511585691

View Profile Personal Message (Offline)

Ignore
1511585691
Reply with quote  #2

1511585691
Report to moderator
vaxo_nba
Member
**
Offline Offline

Activity: 60


View Profile
March 01, 2017, 05:36:43 PM
 #2

"Rich" is very conditional term. As for me a guy is rich if he has 20 bitcoins. As of price variations, nobody can measure it accurately in a decade perspective.
The_Dark_Knight
Hero Member
*****
Offline Offline

Activity: 532



View Profile
March 01, 2017, 05:46:29 PM
 #3

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
No one know the price bitcoin will reach but you can make some calculations lets suppose that for you being rich means having 100k dollars if you think bitcoin is going to have a value of 5k by 2025 then you need just 20 bitcoins at current prices you will need close to 25k to get them, personally I will wait since the ETF decision is coming soon and that may lower the price of bitcoin a little bit.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█     
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌     
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌     
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌     
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀       
            ▀█▄         ▀█▄▄▄█▌▄█▀         
              ▀██▄▄       ▀▄▄██▀           
                 ▀▀████████▀▀             

Mometaskers
Hero Member
*****
Offline Offline

Activity: 700



View Profile
March 01, 2017, 05:52:27 PM
 #4

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?

Well good luck. If even Westerners can't buy bitcoins in bulk, imagine how it is for us that live in 3rd World countries. I hear a lot of people talking about aiming for at least BTC21 but that is quickly becoming harder to reach without shelling out a lot of fiat to convert. BTC21 is more than a million in my currency so getting that much within a year or two would be close to impossible for me. I'm just focusing more on finding ways of earning more bitcoin and how to grow them so I can then use it to fund something I can manage (for example, an actual business that is not online).
Idrisu
Sr. Member
****
Offline Offline

Activity: 392



View Profile
March 01, 2017, 06:17:55 PM
 #5

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
This time last year I was discouraged when bitcoin was trading between 230$ to 450$ but now I am happy bitcoin is trading above 1200$. With few hundred of bitcoin I will become a rich man from the side of the world I come from. For now I will keep on hold to what I have if possible till bitcoin will be trading above 2500$

Pamoldar
Hero Member
*****
Offline Offline

Activity: 742


View Profile
March 01, 2017, 06:37:37 PM
 #6

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
IMO Bitcoins are nolonger an attractive entry point of investment for any crypto enthusiasts looking to invest for a long time, but I would suggest buying altcoins that show potential to grow and will payoff in the long run as demand for them keeps growing.

But then again bitcoins are full of surprises and have the potential to pay handsomely regardless of what price you buy them for. Lets buy what we can afford, we can be rich one day.

ImHash
Hero Member
*****
Offline Offline

Activity: 560


MatrixCoin - Creating Bright Future Together


View Profile
March 01, 2017, 06:56:35 PM
 #7

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
IMO Bitcoins are nolonger an attractive entry point of investment for any crypto enthusiasts looking to invest for a long time, but I would suggest buying altcoins that show potential to grow and will payoff in the long run as demand for them keeps growing.

But then again bitcoins are full of surprises and have the potential to pay handsomely regardless of what price you buy them for. Lets buy what we can afford, we can be rich one day.
Sure go ahead and buy millions of sh*t coins for your grandchildren Cheesy when price was under $500 just less than 6 months ago anyone bought even half a million bitcoins now could've sold out all 500kBTC double or more of the price within just a week.
Currently there are thousands of millionaires familiar with crypto but what is stopping them from hoarding and stashing bitcoins today?
Fear, and that is the main reason for them not to invest heavily by accumulating coins over time, but future belongs to the bold and fearless people not skeptics and cowards.


██████████.......█████......
████████████.....███████.....
███....█████.....███████.....
███....█████.....███████.....
████....██████...█████████....
██████......██████████...█████████....
█████......██████......████....██...█████████....
█████......██████......████....███.███████████...
█████......██████......████....███.███████████...
███...................█████████████████.███████████...
███..███..█████.......██████████.████████████.█████████..
███..█████.......██████████.████████████.█████████..
█████.......██████████.████████████.█████████..
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......██.....█████████.....██████████
██████████.....█████████.....██████████
██████████.....█████████.....██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
Bitcoinsummoner
Hero Member
*****
Offline Offline

Activity: 658

I'm in vacation


View Profile
March 01, 2017, 06:56:54 PM
 #8

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
IMO Bitcoins are nolonger an attractive entry point of investment for any crypto enthusiasts looking to invest for a long time, but I would suggest buying altcoins that show potential to grow and will payoff in the long run as demand for them keeps growing.

But then again bitcoins are full of surprises and have the potential to pay handsomely regardless of what price you buy them for. Lets buy what we can afford, we can be rich one day.
Well i think bitcoin can be still increase more and if we choose to invest our money in altcoin that we do not know if they will be grow like bitcoin..
For me its impossible that there are some altcoin that will be the same as bitcoin.. until now no growing altcoin that touch in $100 each or much more.. so for me bitcoin can be still give us more profit than the other crypto currency..

..Decision from segwit2x is not Final..
helloeverybody
Hero Member
*****
Offline Offline

Activity: 868


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile WWW
March 01, 2017, 07:11:09 PM
 #9

At the end of the day it doesnt really mater if the average american cant afford to buy a single bitcoin, thats why biotcoins can be broken down into bits. The bigger problem is not how much it costs for a bitcoin but how much an everyday transaction costs. The more a bitcoin costs the more the transaction fees are it would appear. At this rate one day the average american may be able to buy some bits but never afford to send a transaction =p

severaldetails
Hero Member
*****
Offline Offline

Activity: 686

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
March 01, 2017, 07:25:55 PM
 #10

When you buy bitcoins, ther is often a minimum amount of bitcoins you have to take, for example 0.1 btc.
For people with not that much money, or newbies who just want to test it out a bit, that amount might already be too high.
I think with an increasing price combined with a minimum amount that has to be bought, the bitcoin currency in general really gets out of reach for many people.
Not only the price for one single bitcoin.


ebliever
Legendary
*
Offline Offline

Activity: 1372


View Profile
March 01, 2017, 07:36:46 PM
 #11

If we understand "Upper middle class" in the US to refer to someone with a household income of, say, $80,000, then of course they can still buy full bitcoins. It's just a question of how they prioritize their savings and spending.

In any case, bitcoin will never be "out of reach" because it is completely arbitrary to speak of bitcoin only in whole numbers. If it goes to the moon there will be plenty of people happy to own just a fraction of a bitcoin.

Luke 12:15-21

Ephesians 2:8-9
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 420



View Profile
March 01, 2017, 07:38:33 PM
 #12

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?

It is hard to decide especially when there are emergencies that you need money. Your savings is being reduced every time you need money, but you can't really help it when you need it.
But I'll say maybe, maybe a thousand? That's really enough for me.

ZIGGER      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
Zadicar
Hero Member
*****
Offline Offline

Activity: 756



View Profile
March 01, 2017, 07:40:18 PM
 #13

I do agree with you as the time goes by bitcoins price does really increase on which most of us can't buy or able to get to a whole bitcoin since its to expensive but we can still buy on fractions which means we can gradually save up for future and those people have capability to do so then they do have the advantage.

szpalata
Sr. Member
****
Offline Offline

Activity: 336


★Bitvest.io★ Play Plinko or Invest!


View Profile
March 01, 2017, 07:50:25 PM
 #14

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?

Well we are all steadily watching it rise but your question can't be answered conclusively because we might not know how much Bitcoin will be selling in 2020 and 2025 and so if I'm to go by today's prices then I will need anywhere 100 BTC and above.



BITVEST DICE
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
roland808
Jr. Member
*
Offline Offline

Activity: 48


View Profile
March 01, 2017, 08:37:38 PM
 #15

Bought 0.1 today at 1000GBP  lol maybe im mad but it disposable income so finger crossed Smiley

Last time I bought was when they were 500GBP and I thought I was taking a risk then.  You can never know.  Better to take a punt and regret it rather than not take a punt and really regret it.
tiggytomb
Legendary
*
Offline Offline

Activity: 1498


MatrixCoin - Creating Bright Future Together


View Profile
March 01, 2017, 08:53:59 PM
 #16

It would depend on how rich you want to be.  I have seen a lot of threads talking about being part of the 1% with 21 bitcoins, perhaps that might just be enough.


██████████.......█████......
████████████.....███████.....
███....█████.....███████.....
███....█████.....███████.....
████....██████...█████████....
██████......██████████...█████████....
█████......██████......████....██...█████████....
█████......██████......████....███.███████████...
█████......██████......████....███.███████████...
███...................█████████████████.███████████...
███..███..█████.......██████████.████████████.█████████..
███..█████.......██████████.████████████.█████████..
█████.......██████████.████████████.█████████..
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......██.....█████████.....██████████
██████████.....█████████.....██████████
██████████.....█████████.....██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
European Central Bank
Hero Member
*****
Offline Offline

Activity: 798



View Profile
March 01, 2017, 09:02:12 PM
 #17

if mr average continues to be able to afford one whole coin then that means it's not fulfilling its potential. maybe $10,000 is possible by 2020-25. for that to be truly life changing in a first world country you could do with a minimum of 200 so it's already unattainable.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
Wapinter
Legendary
*
Offline Offline

Activity: 854


Bounty Manager


View Profile
March 01, 2017, 09:15:57 PM
 #18

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
As you yourself mentioned,bitcoin is getting beyond a common men reach  so even to buy 20 bitcoin today,one must be really rich and there are millions of people in developing countries who have never earned that much money in one go.

███████████████████████▄▄▄
████████████████████████████▄
██████████████████████████████▄
████████████████████████████████
█████████████████████████████████
█████████████▀▀███████████████████
█████████████    ▀▀███████████████▄
██████               ▀▀████████████
█                        ██████████
                     ▄▄████████████
         ████    ▄▄███████████████▀
      ███████▄▄███████████████████
     ████████████████████████████▀
    ████████████████████████████
   ████████████████████████████
   ████████████████████████████
   █████████████████████████████
   ██████████████████████████████
    ██████████████████████████████
     ██████████████████████████████

Refereum
███
███
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
███
███
███
███
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
███
███
nelson4lov
Sr. Member
****
Offline Offline

Activity: 392


GoNetwork — Mobile Infrastructure on Ethereum


View Profile WWW
March 01, 2017, 09:21:11 PM
 #19

"Rich" is very conditional term. As for me a guy is rich if he has 20 bitcoins. As of price variations, nobody can measure it accurately in a decade perspective.


Everyone has their own definition of "being rich". Some will say 20, 30 or even 5000 BTC. but since the value of Bitcoin is tied to the Price the market sets it to be, Being " Bitcoin-rich" would mean having much more bitcoins to yourself. I'm no greedy but 2000 BTC should do just fine Wink


               ████████
         ██████████████
     ████████   ████████
  ███████               ███████
██████                     ▀███▀
████                               
██                       ▄▄▄▄▄▄▄▄▄▄
████                     ▀████████
██████                     ▀██████
  ███████               ███████
     ████████   ████████
         ██████████████
               ████████

GoNetwork=
=
=
=
=
=
=
=
=
=
[
]
[
]

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

 
                                       ▄███▄▄   ▄
  ██                           ██████████▀
  ████▄                   ███████████▀
   ▀████████▄▄     ███████████
  ▄▄███████████████████████
  ████████████████████████
      ▀████████████████████
        ███████████████████
           ▀███████████████▀
              ▄███████████▀
   ▄▄█████████████▀
         
DomainMagnate
Hero Member
*****
Offline Offline

Activity: 546



View Profile WWW
March 01, 2017, 09:31:39 PM
 #20

You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.

Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
If the rising trend of bitcoin continues till 2020-2025,BTC price would be $10k per bitcoin.Also if $ keep its strong position in international market,I think even 5 btc would be enough for one to be rich.
It also depends on which country you live in.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!