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Author Topic: What if I buy 3BTC now and forget about them for 10 years???  (Read 4664 times)
susila_bai
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May 22, 2017, 07:37:53 PM
 #21

Nothing can be told about the future, but one thing is their the way it is getting accepted by some country if you are lucky and most of the country have accepted bitcoin as currency then surely you will be having the value which is not imaginable, till that time you have too be very secure and keep secured your wallet.
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May 22, 2017, 08:15:48 PM
 #22

The future of bitcoin looks promising at a moment and if bitcoin survives for next 10 years then you will surely become an millionaire with that amount as just look at the current increase in the price of bitcoins and if it continues then after 10 years may be will witness the price of bitcoin in millions but to be honest its really hard to predict what will be scenario after 10 years.
Yes I agree with you that the future seems positive and everything is going as one can wish. But actually 10 years is a long time and I wonder what would be the state of coins after 10 years, might even die or might even reach sky high prices.
Maybe its smart idea to invest now and once price reaches 3-4k in coming months, years then sell them and buy the bitcoins with the profit you got. This way you would never regret saving them.
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May 22, 2017, 08:29:53 PM
 #23

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??



There is always risk in every investment, the possibility of getting profit from it is quite big.  Since Bitcoin have still huge way to go to saturate the market.  If ever Bitcoin solved its scalability, I believe, option one will more likely to happen.  You will be rich.  Deflation and exponential adoption is the key factor in Bitcoin price increase.  So definitely the price of bitcoin might be 10x after 10 years.


Even 10x what it is now wouldn't make you rich where I am from if you only have 3. Sucks really.  

I am sure he will continue to accumulate that is why I  said that stuff.  An investor will keep on investing once he saw his initial investment grow.  Aside from that 10 years is very long time, during those times he would have learned trading, and probably will keep on saving from his earnings from those trades,

 Aside from that, in certain part of the world, 3 bitcoins equals more than million of their currency. if it increase 10x.  And that is enough to make them rich.  And I agree, it sucks when we realized that what we holding right now can make  people in other part of the world  rich while it will never have an effect to our financial status where we are from.

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DrGuns4Hands
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May 22, 2017, 08:36:31 PM
 #24

At that juncture, investment is another risky thing in this cryptoworld. But if you have that 3BTC yes! You can be rich as much as you want because if you already have 3BTC and you start earning money? In that case, you can afford to buy more bitcoin and that's an okay job to start earning a huge amount.
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May 22, 2017, 09:40:38 PM
 #25

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??

No. You forgot that you have 3 BTC in possession so you will not gain any benefit from it.

Will I have lost all the money??

Yes. As to what I've said earlier, forgotten BTC = no benefit = all money lost.

Will I have just make a few extra dollars??

No. Refer above.

Would you do it??

No because I cannot afford to buy even a single bitcoin so I have to pass. IF ever that I purchased 3 BTC, I will not forget that I have them. I will KEEP them and stay untouched (the btc, not me) until the next 10 years.

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May 23, 2017, 12:22:13 PM
 #26

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??
Honestly speaking not just because I am using this forum that I have to speak positively but actually the price of bitcoins in coming 10 years might be un-imaginable because you see the price is not going down at all. It's not very wise to buy now that the price is so high but yeah even if you buy and have a long term in sight then you might see some bonkers income when you open your wallet after 10 years, maybe a millionaire.
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May 23, 2017, 01:25:29 PM
 #27

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??



Maybe, you are gambling that price will go up or be the same when you will find these BTC.
Yes, if you lose wallet where you store your BTC or BTC will lose its value. When you have it, no.
I can only guarantee that you will any, even small profit.
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May 23, 2017, 02:34:55 PM
 #28

Buying now is not the best entry point as price has already increased a lot, however you might see huge gains in just a month or two the rate its going never mind 10 years.

You need to recognise that investing in bitcoin is a risk though, there is a real chance you can lose out too.  Only invest what you are comfortable with.
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May 23, 2017, 03:41:08 PM
 #29

Today we can only suggest what may happen with bitcoins. Bitcoin have all chances to raise higher, many economists predict 10000$ price for bitcoin. I am used to believe to them.
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May 24, 2017, 08:52:29 PM
Last edit: May 27, 2017, 11:43:14 AM by el kaka22
 #30

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??


I am not sure if you be rich or not. What is your standard to be called rich ? It depends upon you if you were smart enough to not forget about it and instead of leaving it aside go for something productive with it which makes your 3BTC a minimum of 3000BTCs. This will be your real success.

I am very sure in next 10 years bitcoin may value in millions then owning just 3 bitcoins itself might make any one as fiat riches. I believe I could be rich in next 10 years this way.

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Sundark
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May 24, 2017, 09:14:32 PM
 #31

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Probably not, but there is a high chance that you will won't lose any money, and earn some profits.
There is no one who can guarantee you that Bitcoin will be always growing investment.
We can only base our opinion of 8 years of bitcoin history, news and expected upgrades.

I will tell you only that the future looks bright. If you have spare fiat money then don't wait, buy BTC now.
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May 24, 2017, 09:17:27 PM
Last edit: May 24, 2017, 09:35:24 PM by BitcoinPanther
 #32

If I consider the prediction of Paypal director Wences Casares  You will be multi-millionaire after 10 years of holding.  Imagine bitcoin increasing to 1 million dollars a piece after 10 years. Though it is a bit exaggerated, holders like us are hoping for it to happen.
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May 25, 2017, 01:15:46 AM
 #33

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??



If you don't buy the 3 BTC, you would be the most foolish person in this world. The investment is so low but the upside is extremely high. You should do it right away!
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May 25, 2017, 07:10:24 AM
Last edit: May 27, 2017, 11:35:45 AM by naidray
 #34

I bought 25 bitcoins in 2011 at the price of 1 dollar

my only regret is i didn't buy more

i am not rich .. yet

 Grin
Yes I agree. You were lucky to buy it on such a cheap price but it is not yet the amount that one can say made him rich. My opinion about rich is that I will consider someone rich with bitcoins if his earnings are enough to buy some regular bitcoins and reaching 25 to 35 bitcoins and prices of bitcoins in 5 digits then I will say that yes I am rich now.

With 3 bitcoins, we might need bitcoin to hit prices in millions to be come rich.
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May 25, 2017, 07:15:48 AM
 #35

If you just forget about them, then you may lose them because you forgot your password and lost your backups or something like that, so better take a look at them once in a while.

But I think you would be richer than if you owned 3 Bitcoins today. Some people say that Bitcoin may reach 1M in 10 years, surely worth a try.

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May 25, 2017, 07:35:09 AM
 #36

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

By then, you'll have a single block reward, more or less; a One Blocker.

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May 25, 2017, 07:52:03 AM
 #37

You will be rich more than you can imagine.its rude to say but u dont know the future than how much you will earn in the future and even if u remembr bitcoins private keys.
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May 25, 2017, 10:49:16 AM
 #38

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??



Well, there are only 2 options: either you will be rich or you will lose all the money. I invest for the long term, but not the lodge all the funds in one cell.

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May 25, 2017, 11:09:42 AM
 #39

If you just forget about them, then you may lose them because you forgot your password and lost your backups or something like that, so better take a look at them once in a while.

But I think you would be richer than if you owned 3 Bitcoins today. Some people say that Bitcoin may reach 1M in 10 years, surely worth a try.

In order to make sure that you never lose access to your coins, you should have a back up of each and every of your private keys. Best thing to do is to have them engraved on a piece of metal, as that will greatly contribute towards a strong durability. Printing them on a piece of paper (paper wallet) is also a good option, but here you enjoy less durability due to the fragility of the material.
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May 25, 2017, 02:02:51 PM
 #40

you will have between 100k and 3M adjusted back for inflation

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