darkangel11
Legendary
Offline
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
|
|
May 17, 2018, 08:34:07 PM |
|
I have invested much more than 5k USD and I doubt that I will ever be a millionaire, at least comparable to the current millionaires. That's because the USD will probably get eaten by inflation in the next 7 years, so by that date, if BTC keeps rising, I will have a couple million USD, but those won't even be worth the equivalent of today's 100k. I could bet that we will see a time when you'll be buying a pack of cigarettes for $100.
|
|
|
|
Superzpay
|
|
May 17, 2018, 09:25:56 PM |
|
I have invested much more than 5k USD and I doubt that I will ever be a millionaire, at least comparable to the current millionaires. That's because the USD will probably get eaten by inflation in the next 7 years, so by that date, if BTC keeps rising, I will have a couple million USD, but those won't even be worth the equivalent of today's 100k. I could bet that we will see a time when you'll be buying a pack of cigarettes for $100.
The inflation is not that much faster. You do not worry in the year of 2025 you will be millionaire and with that money you will be able to buy anything which you cannot buy now. If in that time you will start a real business then you will have a money making machine because in business you will continuously earn money which will be due to holding your money in bitcoin.
|
|
|
|
bettercrypto
|
|
May 17, 2018, 09:56:06 PM |
|
Thanks for the article but I think the title is an overstatement as you don’t give reason to defend why the market is going to increase by at least 20 in 7 years. I also believe it is going to increase but I don’t see why anyone who invests $5,000 will be a millionaire, rather than you feel so.
I agree with your opinio, the title was exaggerated. Well, $5,000 can make us millionaire if we invested in cryptocurrency since from the beginning. If in the year of 2009, we trusted and invested in bitcoin then we have hundreds of bitcoin right now. Imagine if we had 100 bitcoins in this year, multi-millionaire is possible. But in reality, it won't happen easily in just a couple of years. If you want to grow your investment then learn how to roll your capital. Its easy to say but it is hard to make money with you investment.
|
|
|
|
South Park
|
|
May 18, 2018, 09:36:53 PM |
|
There is no guarantee on crytos. But, is not a bad idea to start with a decent amount like $5000.
Most people don't have the funds to invest that amount of money, I for one can use that amount listed to make such enormous and guarantee profits but with cryptos and their high volatility, almost everything is uncertain. It is true that not everyone has that amount of money to invest in cryptocurrencies, but at the same time if what you want is to improve your life you need to be ready to make some sacrifices, each day that we wait the amount of capital that you need to start in this market gets higher, not long ago you could buy a bitcoin for a few hundred dollars but now you need a few thousands, and we already had a time where you needed tens of thousands of dollars to get a bitcoin, how long it is going to take for the day in which you are going to need hundreds of thousands of dollars?
|
|
|
|
jakagintiri
Member
Offline
Activity: 420
Merit: 10
www.coinxes.io
|
|
May 18, 2018, 09:57:41 PM |
|
I think it's a very interesting discussion, just maybe it could all happen because we all hope bitcoin it costs continue to rise but indeed if the only capitalization $5.0 can become millionaires and that his expectations was too high but that's all It is not impossible if we're working on it in earnest.
|
|
|
|
xbl1008
|
|
May 18, 2018, 10:17:22 PM |
|
Its because of the simple advancement of technology that will push the prices of crypto currencies into greater heights as we can see now almost all of the industries are upgrading their equipment and apparatuses into modern ways from traditional to digital soon it will use wireless connections like blockchain that will connect their assets and records to function faster and more efficient.
|
|
|
|
Ishiro5
Copper Member
Jr. Member
Offline
Activity: 224
Merit: 3
|
|
May 18, 2018, 11:50:51 PM |
|
Certainly, this is a safe assumption and maybe even a conservative one. The advise I always give is that people should just find a way to hold some bitcoin no matter how little for as long as they can.
|
|
|
|
Mpamaegbu
Legendary
Offline
Activity: 2828
Merit: 1226
Crypto Casino and Sportsbook
|
|
May 19, 2018, 02:29:08 AM |
|
Nice speculative list you have got there OP. Arguably, you must take into cognizance that these things are not cut in stone. If they were and all predictions always come through and right, nobody on earth would be poor. And those who invested when Bitcoin was at ATH of $20,000 wouldn't have bought in when they did. I guess some of them invested over $5,000 but where are their gains now? Yes, I know that 2025 is still ahead. But what if the worse happens and Bitcoin doesn't get up back? It could happen. Yes, it could. All I am saying is that no one truly knows tomorrow. We can only speculate, sometimes we even speculate ignorantly.
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
trickyriky
|
|
May 19, 2018, 03:40:43 PM |
|
I do not exclude the fact that the price of bitcoin can rise to such a level. But the problem is that the great increase in the popularity of bitcoin can collapse the dollar price. Maybe in 2025, everyone will be millionaires. But for a million dollars you can buy a bottle of whiskey to celebrate such an event.
I do not think that Bitcoin will raise so very much. However, you will be the richer man if you invest in this cryptocurrency 5 thousand or even more now.
|
|
|
|
spartanrules
|
|
May 19, 2018, 04:23:22 PM |
|
If you can afford yourself invest 5000 $ now and just forget about it for 3-4 years, of course you will be rich man after that period of time. But I don't think that you will be millionaire. You may be will be millionaire if you invest in altcoin which will grow up 200 times in 3 years. But it is too hard to predict such growth rate in advance.
|
|
|
|
Ehilamale
Newbie
Offline
Activity: 84
Merit: 0
|
|
May 19, 2018, 04:27:26 PM |
|
Because you think so. But as you all can guess. And everything will be out of money in 2025.
|
|
|
|
muddy waters
Member
Offline
Activity: 294
Merit: 10
JOIN THE NEXT MEGATREND IN CRYPTO!
|
|
May 19, 2018, 05:29:41 PM |
|
$5,000 is around 0.6 BTC now so I can't see any way of becoming a millionaire if investing such a small sum of money. I would better add another $5,000 and buy a mining farm - that would be at least the stable source of income.
|
|
|
|
South Park
|
|
May 21, 2018, 07:24:54 PM |
|
Certainly, this is a safe assumption and maybe even a conservative one. The advise I always give is that people should just find a way to hold some bitcoin no matter how little for as long as they can.
That is not really a bad advice however bitcoin is getting so expensive that holding a significant amount of it is getting harder, so for those that cannot really afford to buy a full bitcoin it could be an interesting idea to invest that bitcoin in some new altcoins, it is true that there is a risk of losing your money but there is also the chance of multiplying your capital many times over.
|
|
|
|
Camorra Dev
|
|
May 23, 2018, 08:53:41 AM |
|
I am actually very surprised that the author of this post is a person who 's just sterted getting into the market. Keep up the good work!
|
|
|
|
zucknail
|
|
May 23, 2018, 09:00:12 AM |
|
I am actually very surprised that the author of this post is a person who 's just sterted getting into the market. Keep up the good work!
maybe he is expert trader before joining in this forum.he make own observation so ,know which token and coins have good potential in future.we hope bitcoin holder be millionare come true at 2025.
|
|
|
|
nur rochid
|
|
May 23, 2018, 09:10:41 AM |
|
I am actually very surprised that the author of this post is a person who 's just sterted getting into the market. Keep up the good work!
maybe he is expert trader before joining in this forum.he make own observation so ,know which token and coins have good potential in future.we hope bitcoin holder be millionare come true at 2025. it could happen, maybe he's experienced in the world of forex trading, so sharp in the analysis. so he can say that by 2025 bitcoin will soar and certainly finansial freedom is in sight
|
|
|
|
VentureHero
Jr. Member
Offline
Activity: 86
Merit: 4
|
|
May 23, 2018, 09:25:11 AM |
|
I find it highly unrealistic. Those 5k will worth certainly more, but..
|
|
|
|
speedy963
|
|
May 23, 2018, 09:25:28 AM |
|
There is no guarantee on crytos. But, is not a bad idea to start with a decent amount like $5000.
Most people don't have the funds to invest that amount of money, I for one can use that amount listed to make such enormous and guarantee profits but with cryptos and their high volatility, almost everything is uncertain. It is true that not everyone has that amount of money to invest in cryptocurrencies, but at the same time if what you want is to improve your life you need to be ready to make some sacrifices, each day that we wait the amount of capital that you need to start in this market gets higher, not long ago you could buy a bitcoin for a few hundred dollars but now you need a few thousands, and we already had a time where you needed tens of thousands of dollars to get a bitcoin, how long it is going to take for the day in which you are going to need hundreds of thousands of dollars? Yeah if we looked back to where it all started we could notice the constant improvements of bitcoin as well as cryptoverse. Yet there are still some people who are still scared to risk, due to their own personal reasons, and although it is still quiet unsure to what will be its outcome, we are still positive that we will benefit in a long run.
|
|
|
|
Camorra Dev
|
|
May 24, 2018, 06:05:25 AM |
|
I suppose that people who will continue to keep holding in bitcoin will see that OP is the optimist in the future of cryptocurrency.
|
|
|
|
nazaididuan1
Jr. Member
Offline
Activity: 350
Merit: 1
|
|
May 24, 2018, 06:21:34 AM |
|
Early entry into the cryptocurrency market is easy for people to make money!
Now that the cryptocurrency market is under control, big syndicates have banded together to control the market!
It's hard to make enough money for $5,000!
|
⮘Pre-ICO Start - 27.04.2018⮚ ⮘https://wbb.io/⮚
|
|
|
|