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Paleus (OP)
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May 27, 2017, 11:04:28 PM
Last edit: May 28, 2017, 04:42:05 PM by Paleus
 #1

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron

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May 27, 2017, 11:16:39 PM
Last edit: May 27, 2017, 11:39:12 PM by Cherylstar86
 #2

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron

Well if you can have patience for a long time you can do it exactly, because 30 years is not easy to do and it needs a lot of efforts to do in order to make your holdings of 1 btc will not be stumbled. Be firm on your decision and manage your finances will without any ideas of dumping or selling not in a right time, everything must be according to the right situation which could not end up to a profit loss. Make it the good idea of saving digital currency that makes good sense aside from saving fiat cash through banks at your local which will not gain good profit even though you put bigger amount, but still you won't gain great profit from it.
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May 27, 2017, 11:21:50 PM
 #3

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron

Well if you can have patience for a long time you can do it exactly, because 30 years is not easy to do and it needs a lot of efforts to do in order to make you n holdings of 1 btc will not be stumbled.

I think that 30 years is so long, in bitcoin investment, the people who got their hands in the first year of bitcoin, put them on the top in merely almost 8 years, which is 3.5 times less than your 30 years, I think if you are a bitcoin investor, 5 years is suffice. And not only effort is needed, you need a lot and lot of patience.

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May 27, 2017, 11:24:22 PM
 #4

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron

30 years is very long time, but it's worth. I remember when bitcoin price fall to $150 per btc, i bought around 200 btc after few years i got my investment. Grin i'm glad about it
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May 27, 2017, 11:25:26 PM
 #5

Its too much time to hold 1 btc since the price of bitcoi is increasing fast.. i think after 5 years is good to sell them if the price was hit $5k value if you buy in the present price. look at the market price of bitcoin today it was drop from yesterday and right now we have $1,971 value and i think the price can be x5 in 5 years.. or after block halving.. and buy bitcoins again if the price was low and sell again after few years..

Make crypto as your bank.
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May 27, 2017, 11:25:56 PM
 #6

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron

I agree with him on this because in the long term bitcoin supply does go up but the production slowly decreases every 4 years, which means that the bitcoin you own now may construct 10% of a block but in a decade it'll be 40% of a block.

There are 7 billion humans on this world, and if everyone started to use bitcoin, owning 1 out of 21 million would indeed put you in the top 1% or potentially even less than that. Even though the bitcoin price may seem high right now, it would definitely skyrocket after fiat collapses.
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May 27, 2017, 11:28:40 PM
 #7

Lots of things can happen in 30 years.

But have 1 Bitcoin just in case is a worth advise.

I don't know what is the threshold for being among 1% rich today
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May 27, 2017, 11:35:30 PM
 #8

I totally agree also Andressen Horowitz said that "I think it could be easily worth $100,000"  Roll Eyes
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May 27, 2017, 11:38:16 PM
 #9

i admire anyone prepared to wait that long. i'll be on my way to the slaughterhouse by then so i'm not. you need to bet higher if you want the spoils. and it's more sensible to get what you need out sooner because who knows where tech will be by then?
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May 27, 2017, 11:56:15 PM
 #10

The mathematics and widespread appeal just so happen to work out in favor of this argument. As long as word keeps spreading and the technology gets easier to use then more people are going to want it.

With 21 million Bitcoins ever in existence (even less due to "burned" wallets) and over 7 Billion people, you can make a pretty safe bet that the price will keep going up as long as supply meets demand.  Grin
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May 27, 2017, 11:58:09 PM
 #11

It is definitely worth buying at least one. There is potentially a great future for cryptocurrency and bitcoin is in the lead. The worst thing that can happen is that you lose your investment. The best thing is you see your investment of one coin grow to tens or hundreds of thousands of dollars. People who are researching it now and don't make a small investment may really regret it later.

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May 28, 2017, 12:05:12 AM
 #12

The mathematics and widespread appeal just so happen to work out in favor of this argument. As long as word keeps spreading and the technology gets easier to use then more people are going to want it.

With 21 million Bitcoins ever in existence (even less due to "burned" wallets) and over 7 Billion people, you can make a pretty safe bet that the price will keep going up as long as supply meets demand.  Grin

That is a good point. Something that seems to be overlooked often is that a lot of coins are 'lost' people were careless with their coins when they were not worth much and lost track of them. I read somewhere that there may be up to 30% of coins out of circulation. This is assumed by looking at addresses that have had no activity since bitcoin grew from a few
dollars or so to over $1k. How many people wouldn't have taken some profit at that point. So the actual amount of bitcoins available may be closer to 14 million.

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May 28, 2017, 12:15:51 AM
 #13

You need to be patient and wait for 30 years for the price to go all the way high but if your rich you can easily buy lots of bitcoins but unlike me that i only depend on bitcoin for daily needs i cant really save bitcoins.
But if you're good at trading you can easily buy and sell crypto currencies and be rich in no time.

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May 28, 2017, 03:01:50 AM
 #14

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron

I agree with him. But 30 years is so long. Maybe after 3-5 years you will be able to see already the profit from your investment. Because, we all know that the price of btc is inflating from time to time. We will have a chance to get buy and sell bitcoin. But if so, it is very important to have a lot of patience if you really want to achieve this kind of goal. Good thing is that you on't have to do anything to earn. bitcoin will give you profit from the time you have invested it. Al you have to do is wait.

If only I have this big amount of money to buy 1btc, I  would love to.

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May 28, 2017, 03:05:05 AM
 #15

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron
We'll see, it's quite possible and considering that we're looking at the segwit agreement being implemented later this year there is a very high chance that there will be a lot of restored confidence, but I don't know if it will be putting you within the top 1% over the course of the next 30 years.
Maybe top 1% globally, but most people in the first world are already there.
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May 28, 2017, 03:09:50 AM
 #16

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron
Totally agree with that, because the bitcoin is limited product which is undergo the law of supply and demand so with that the bitcoin will still pumping every year as long as many people are supporting it rather buying bitcoin as long as the supply of the bitcoin will be lessen the price of it will still increase.



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May 28, 2017, 04:39:48 AM
 #17

Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron
And for those who cannot buy, just keeping working hard with your faucets, surveys, services on bitcointalk, alt tradings and I'm sure in 30 years time, you'll probably own more than 1 bitcoin.
Be consistent and don't give up.
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May 28, 2017, 05:00:28 AM
 #18

I don't know if I will still alive 30 years​ later, but buying 1 bitcoin and keep it for 30 years is not bad idea. I am just in crypto world for 1 years and I see how bitcoin move for 500%. Maybe I can't buy 1 bitcoin because of the price is too high for me, and I think just buying 0.xx is very  worth it if you plan to keep it for 30 years.

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May 28, 2017, 05:07:38 AM
 #19

I don't think its ever going to get to that point, but I do think the price will rise substantially. Thinking 1 bitcoin will make you the 1% though is just a pipe dream.
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May 28, 2017, 05:16:02 AM
 #20

I don't know if I will still alive 30 years​ later, but buying 1 bitcoin and keep it for 30 years is not bad idea. I am just in crypto world for 1 years and I see how bitcoin move for 500%. Maybe I can't buy 1 bitcoin because of the price is too high for me, and I think just buying 0.xx is very  worth it if you plan to keep it for 30 years.
as mention its really a good thing to have 1btc and keep it for 30 years even though we are not sure if we are still alive from that day
we are just needed to trust the system, a big possibility that after maybe 5 years we will see another huge pump coming from this investment
and moving to 30 years time frame it will be richness in returned.
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