johnwest
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May 28, 2017, 05:17:18 AM |
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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.
Exactly, can you even imagine the value of 1%?? I dont think anyone has so much of patience to hold BTC for 30 years or so, every man has some needs or dreams and at a certain point, he/she will sell their BTC to fulfill them.
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coolsai
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May 28, 2017, 05:20:10 AM |
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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.
Exactly, can you even imagine the value of 1%?? I dont think anyone has so much of patience to hold BTC for 30 years or so, every man has some needs or dreams and at a certain point, he/she will sell their BTC to fulfill them. Well some people seem to think we are only a few years away from that, too much optimism in most bitcoiners and I wish people would be more realistic about the prospects and its utility.
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niisarearning
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May 28, 2017, 05:32:58 AM |
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30 years are you joking No way . Wait for 30 months its the maximum period to hold any stakes / shares now a days . I am not warren buffet to predict future after 3 decades i think its not possible lets discuss about next 30 months changes
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Amph
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May 28, 2017, 05:35:39 AM |
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i think the point he was making with that statement is that if everyone start to buy one bitcoin, we will eventually reach the point where the value will increase drastically
because not everyone can actually buy 1 bitcoin, but only a fraction of it, and the more the amount is spread among people in the world the more the value will be higher
still 30 years is too much of a prediction, i'm more in line with the satoshi prediction, by 2030 bitcoin will have proper adoption and the highest value already
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selline
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May 28, 2017, 05:44:34 AM |
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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. years from the year is indeed very profitable for bitcoin holders bitcoin because by investing bitcoin, people who have their hands in the first year of the bitcoin, putting them well above. I think if you are an investor bitcoin certainly efforts necessary just a lot of patience in order to be lucky
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pealr12
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May 28, 2017, 05:46:30 AM |
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Buy 1 Bitcoin"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."- Travis Patron I cannot wait for 30 years cause its very very long time. If 1 bitcoin can make me millionaire someday in a short period of time maybe 5 years will definitely buy 10 to 15 btc and save it for 5 years.
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DoublerHunter
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May 28, 2017, 10:29:08 AM |
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Owning 1 bitcoin is a good start for an investor who want to have the chance but doesn't want to risk a lot of money. After at least 20 years of owning a bitcoin you can actually be a millionaire and that will give you a lot of chances to buy the things that you want and also afford the things that you can't afford back in the days. Having self discipline and right mind set is the key for this.
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masterbt
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May 28, 2017, 10:35:11 AM |
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Many failed to realize the actual point in it. Holding 1 btc in 2013 will give 1500$ profit today after just 4 years. Even that is huge, why you even want to think about 30 years. Having small investment is not going to hurt you will give you better profit in future. All you have to do is buy and forget for sometime and wakeup by the heavy PR campaign and sell it.
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Xester
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May 28, 2017, 10:36:37 AM |
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Buy 1 Bitcoin"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."- Travis Patron The value of bitcoin started from cents to two thousands of dollars and I am sure that it will still go up in value. Owning one bitcoin could really make us in the top 1% financially within the next 30 years since I do believe that during that span of time bitcoin could reach or could touch the million dollar value. If you hold now and sell after 30 years then you are already a millionaire.
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7788bitcoin
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May 28, 2017, 10:38:17 AM |
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For many in the developing countries, 1 BTC is now equal to many months of a normal person's salary. I actually think this is a huge investment for most people in the world.
It won't take 30 years for 1 BTC to rise to a significant value. It will happen faster that you thought. Human brain is good at linear extrapolation, but bitcoin growth will most likely be exponential...
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gilangIDR
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May 28, 2017, 10:45:44 AM |
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Owning 1 bitcoin is a good start for an investor who want to have the chance but doesn't want to risk a lot of money. After at least 20 years of owning a bitcoin you can actually be a millionaire and that will give you a lot of chances to buy the things that you want and also afford the things that you can't afford back in the days. Having self discipline and right mind set is the key for this.
Bitcoin is a profitable investment. But 20/30 years is too long and we all want a profit in no time. I think 2 to 5 years is still reasonable. Oh yes look at this time we can see bitcoin price increase reaches 100% in just 1 month. Everything is unpredictable.
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icerose
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May 28, 2017, 10:54:31 AM |
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1 Bitcoin will never put you in the 1% and besides no one has time to wait 30 years to find out. How about we make some more realistic goals for what 1 btc should be worth and in the timeframe that is also realistic to most people.
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Jiddu
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into the clusterfuck
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May 28, 2017, 11:00:33 AM |
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... How about we make some more realistic goals for what 1 btc should be worth and in the timeframe that is also realistic to most people.
Would the rise so far've been realistic to most people? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Lucius
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Crypto Swap Exchange🈺
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May 28, 2017, 11:28:42 AM |
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Buy 1 Bitcoin"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."- Travis Patron For young people who can buy 1 BTC and wait 30 years this is nice investment,risky but may bring a nice profit as supplementary pension.On the other side to predict what will happen in next 30 years is impossible,it is hard to say what will happens in next few months. Can someone enrich one day just by the fact that he is the owner of 1 BTC?Depends on how you look on things,for someone price of 10 000$ would be a fortune,for some others even 100 000$ per 1 BTC is not enough.
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kelceyott
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May 28, 2017, 11:30:09 AM |
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Buy 1 Bitcoin"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."- Travis Patron Bitcoin is always a good place to invest, but to get a profit from it, you need to be patient and wait, stability is the characteristic of bitcoin, so you have to wait a very long time.
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KesoNie
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May 28, 2017, 11:39:22 AM |
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Buy 1 Bitcoin"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."- Travis Patron Yes it is good to own bitcoin now. Because i think that more years to come bitcoin will be legalize in all countries and people will invest on it. The bitcoin price will starts to increase.
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emezh10
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May 28, 2017, 11:39:31 AM |
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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. Buying 1 bitcoin in market and hold it in a month’s or in a years, your 1 bitcoin will more than of that. When you convert your 1 bitcoin into dollar you will know how much the difference in the bitcoin to dollar. If you have 1 bitcoin try to trade it to gain more money. The price of don’t have exact value because in every seconds, minutes, hours and days has come the price of bitcoin will change. Having 1 bitcoin can also sustain all your need in a day.
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Hazir
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May 28, 2017, 11:40:01 AM |
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I checked twitter account of Travis Patron. Apparently he likes to create catchy bumper stickers type of tweets. For anyone interested - he also tweeted that: - More millionaires will be made with #Ethereum than any other technology in human history. - Sad but true: /r/bitcoin has devolved in a censorship ridden cesspit. #bitcoin - Owning 100 #bitcoin will give you the financial momentum to never have to work again. Source: https://twitter.com/TravisPatron
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orarider
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May 28, 2017, 11:44:25 AM |
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I checked twitter account of Travis Patron. Apparently he likes to create catchy bumper stickers type of tweets. For anyone interested - he also tweeted that: - More millionaires will be made with #Ethereum than any other technology in human history. - Sad but true: /r/bitcoin has devolved in a censorship ridden cesspit. #bitcoin - Owning 100 #bitcoin will give you the financial momentum to never have to work again. Source: https://twitter.com/TravisPatronWith the current level of growth, if you want a simple life and do not need to work, you can store bitcoin in large quantities, however, it's a waste if you just store it and wait for the slow favor.
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