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Author Topic: Minimum amount of bit coin needed  (Read 841 times)
baggage
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November 27, 2013, 06:18:23 PM
 #1

What would be considered the minimum amount of bitcoin needed to become moderately wealthy or well off in the next 3 years?
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mladen00
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November 27, 2013, 06:19:23 PM
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well i think about 0,2-0,5BTC

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fallinglantern
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November 27, 2013, 06:20:20 PM
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10-15 BTC.
the_sunship
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November 27, 2013, 06:21:40 PM
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if we get to 10,000 - I guess 100 would be nice, but i don't know if that would even be considered "wealthy" at this point in history....
theonewhowaskazu
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November 27, 2013, 06:23:02 PM
 #5

Even 1 BTC has the potential to be huge when BTC reaches worldwide adoption.

I'd say the minimum is 1 BTC, although you should strive to get like 10-20.

poewerden
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November 27, 2013, 06:24:32 PM
 #6

What would be considered the minimum amount of bitcoin needed to become moderately wealthy or well off in the next 3 years?

In the next 3 years $10,000 to $100,000 is possible (no guarantee, we are in speculation section anyway  Wink)

So between 1-10 coins
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November 27, 2013, 06:27:26 PM
 #7

21 coins and you have as a minimum a millionth of the entire bitcoin cap.

Think worldwide and that's BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC rich

baggage
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November 27, 2013, 06:28:27 PM
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if we get to 10,000 - I guess 100 would be nice, but i don't know if that would even be considered "wealthy" at this point in history....

I guess I should clarify what wealth means to me.  I've never made more than 35k in a year in my life and have sizable debt from student loans.

I just want to own a house in a nice neighborhood to raise my kids and not have any debt or worry about a mortgage.

So I consider 500k-700k wealthy.
xxnewbiecoinerxx
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November 27, 2013, 07:49:03 PM
 #9

if we get to 10,000 - I guess 100 would be nice, but i don't know if that would even be considered "wealthy" at this point in history....

I guess I should clarify what wealth means to me.  I've never made more than 35k in a year in my life and have sizable debt from student loans.

I just want to own a house in a nice neighborhood to raise my kids and not have any debt or worry about a mortgage.

So I consider 500k-700k wealthy.

I am not sure about 3 years, but in longer terms 1 BTC might just do it.  Smiley  To be safe i would buy more if possible. Look for rpietila´s threads.
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November 27, 2013, 07:55:32 PM
 #10

First of all, this question is kind of biased because it seems to assume that prices will definitely go up higher than now. If we could establish this fact, I would take out a loan and buy as many as possible before this happens, as would everyone else. Of course, we cannot be sure of what will happen. As Spock would say, there is no logical answer to your query, so GTFO. OK, maybe not the last part.  Wink

Night gathers, and now my bitcoinwisdom watch begins.
Rannasha
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November 27, 2013, 08:01:29 PM
 #11

3 years is way too short a timeframe to make reasonable estimates. 2 months ago, few people would've predicted we'd be above $1000 already, but there have also been long bear-markets.

In the long term, a Bitcoin investment is quite binary: Either it will succeed and go mainstream or it will fail. In the first case the price will be way above what we have now and crazy amounts like $100K per coin aren't that crazy. In the second case, the price will either crash to zero at some point if a critical flaw is found or slowly dwindle to zero if the momentum dies and people lose interest.

I don't think it's very likely that there is a middle ground for Bitcoin investments in the long term. Consequently: A small investment of just 1 coin is already enough to obtain a sizable amount of wealth if Bitcoin succeeds and is small enough to not be a major blow to ones finances if Bitcoin fails
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November 27, 2013, 08:06:14 PM
 #12

21 coins and you have as a minimum a millionth of the entire bitcoin cap.

Think worldwide and that's BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC rich
Not to mention there being 7,000,000 coins that have been left unmined by the time it hits $10,000 Cheesy
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