Owning One BTC In 2035 Will Make You A Millionaire

[FlightyPouch]

Therefore I agree that just having one Bitcoin in 2035 is enough to make us rich.

Let's be real, bitcoin may pump and increase in this run but I don't think it will be able to "make us rich" if we will not be making any efforts ourselves. We can't just depend on bitcoin, and I need to scratch that "one Bitcoin" because for sure if we will be getting a lot of profit in the past year, we will be reinvesting and buy again.

It will not be just owning bitcoin, it will be owning Bitcoins and other crypto currencies.

[Twinkledoe]

Therefore I agree that just having one Bitcoin in 2035 is enough to make us rich.

Let's be real, bitcoin may pump and increase in this run but I don't think it will be able to "make us rich" if we will not be making any efforts ourselves. We can't just depend on bitcoin, and I need to scratch that "one Bitcoin" because for sure if we will be getting a lot of profit in the past year, we will be reinvesting and buy again.

It will not be just owning bitcoin, it will be owning Bitcoins and other crypto currencies.

That's the reality of life, we should not depend in one source only. True, that bitcoin may give us good profit on that year, but consider that technology evolves faster than we thought of. What if another inventions comes along, and much better than bitcoin. Who knows? So you also need to prepare for those worst case scenarios. For me, I will also invest in tangible assets like real estate or gold.

[pixie85]

In 2035 USD may be so inflated that you will maybe have 1 million but it will be worth less than 500 thousand today.

The real value is in things you can buy so in your purchasing power not in stupid numbers like 1 million.

If you don't agree please check what you could buy with 100 USD in 1990 and what you can buy now.

[plr]

The prime directive is to increase the amount of BTC you own, nothing else matters

With the adoption and how the price move it could be earlier than 2035, even McAfee predicted the price will be 1 million just last year it will not take long every year the price keeps getting better we never know but it could be six years from now, if the price keeps doubling up, even a crash can't stop Bitcoin from moving forward and up.

[RealMalatesta]

To own 1 whole bitcoin in 14 years, you need to accumulate something less than 0,0002 BTC a day. According to the current price, it amounts to about $10 a day. That doesn't sound so hard. Most of us spend more than that on coffee and snacks every day.
But as time passes, I'm sure the price will increase dramatically relative to current values, so the accumulation will be harder and harder.

You may, I am certainly not. 300 dollars is a bit under minimum wage where I come from, around 400 dollars or so and I am making not really making 50k+ dollars a year neither, I do not spend 300 dollars on snacks and coffee or something like that, I spend 10 dollars for the whole house per day, that is how I survive.

So, that is still a quite a lot of money if you ask me, however even with that in mind, lets say I am capable of saving 10 dollars a day for 14 years that would not be enough, why? Because for 14 years if I put 10 dollars aside, that would be 51k, which means I will be capable of buying 51k dollars worth of bitcoin, do you really think that bitcoin will stay at this price for 14 years? There will surely be low days I am not going to argue there, but what about the days when it reaches 100k+ even 500k+ eventually? If we were to believe it will be 1 million dollars in 14 years, we should also consider that when doing calculations.

[600watt]

If you're a relative newcomer or you have blown your stash thinking you have years to faff around and accumulate my advice is do whatever you can to accumulate 1 Bitcoin before it reaches 100k. Once that's reached and its on it's way to 200k it's going to become very difficult to accumulate for regular folks. If you can jumpstart your entry by borrowing 10k, 20k or 30k from the banksters do it - Have no fear! Buy $20 chunks as often as you can, pay no heed to the price. Ditch your daily $5 Coffee - that's $150 of Bitcoin per month, stop the pizza delivery, buy $15 of BTC instead. A few small changes in lifestyle and you will be surprised how much you're accumulating. During the journey you may want to punt a portion of your BTC on an Alt you believe will rise greatly - be careful though and do not panic if your alt crashes because 99% of the time they will recover to the price you bought in at.

The prime directive is to increase the amount of BTC you own, nothing else matters

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why so bearish? there is a good chance we will hit 1mil per coin during next cycle around 2025

[LUCKMCFLY]

I think that if everything goes at this rate, yes, anyone who has a Bitcoin, it will be multi-million, if since 2009 no one believed that it could reach 100 USD, now in 2021 we have new ATHs, then by 2035 it will really be something very big. Also, because of how the world is going and all the problems that FIAT money brings, the banks, the controls that are exercised and the governments, with Bitcoin you have total control without asking for permission from third parties.

I think the main problem in the future will be anonymity, many will want to have total anonymity so that they are not tracked, it is like a security issue.

[aioc]

I like all your recommendation but not the part where you take a loan to buy Bitcoin, it's not recommended and it's risky, even if the market looks great there will be a time maybe not now, could be next week or next month we will never know where Bitcoin will suffer or experience a downturn, you can keep a small amount daily to buy Bitcoin but never take a loan from a bank.

[buwaytress]

Damn but my knees might not make it to 2035. Bionic legs would probably cost me several Bitcoins at the very least. I suppose I could still get fat and enjoy a few other non-knee-related things.

I like all your recommendation but not the part where you take a loan to buy Bitcoin, it's not recommended and it's risky, even if the market looks great there will be a time maybe not now, could be next week or next month we will never know where Bitcoin will suffer or experience a downturn, you can keep a small amount daily to buy Bitcoin but never take a loan from a bank.

People just won't learn their lessons. Although, it might actually be a good tactic in economies with spiraling inflation. Borrow a shitload of fiat with a 40 year term. You'd probably pay it off in a couple of years if inflation keeps its rate against Bitcoin. Even with 90% crashes!

[SquallLeonhart]

Seriously I do not get why old people keep on investing in old things. I lived in an age where online world wasn't something everyone can reach to, obviously I was very very young during that period but before 2000 we had hard time connecting, it took like nearly an hour to open just one image, I remember those days, and I remember days where investing into computer stocks was seen as high tech and very risky and dot com bubble "showed the world people should not invest into those things because they are risky".

At the end of the day the more you live, the more high tech stuff you will find and world will improve more and more and more. If you keep investing into old stuff you are not going to make any money and eventually will start to lose money, whereas if you live with times and invest into high tech and brand new loved things like crypto you will make more money.

[qwertyup23]

As someone who lives in a third-world country, earning 1 BTC right now could make me a millionaire now by today's standards!

I wholly agree with your statement. The primary thing to do as someone who is given the opportunity to earn BTCs is to HODL them. Who knows what could be the price of the BTC by 2035? But imagine, some people who invested back when BTC first started did not know about the potential of its price as of today. The sky is the limit when we are dealing with its price. I will probably save my BTCs now until I retire and maybe enjoy its benefits when the time comes!

Seriously I do not get why old people keep on investing in old things. I lived in an age where online world wasn't something everyone can reach to, obviously I was very very young during that period but before 2000 we had hard time connecting, it took like nearly an hour to open just one image, I remember those days, and I remember days where investing into computer stocks was seen as high tech and very risky and dot com bubble "showed the world people should not invest into those things because they are risky".

At the end of the day the more you live, the more high tech stuff you will find and world will improve more and more and more. If you keep investing into old stuff you are not going to make any money and eventually will start to lose money, whereas if you live with times and invest into high tech and brand new loved things like crypto you will make more money.

Old people are relatively used in the traditional way of doing things. Whenever something is introduced to them which is more convenient, faster, and reliable, they tend to deny this and stick to what they have been doing for years. Maybe, it hurts their pride whenever they see that there is a better way of doing things.

[bitterguy28]

If you can accumulate 1 btc in this growing value then yeah you can be a millionaire .

But in my country having 1 btc means you are already a Millionaire in our own currency l.

I wanna find some chance to add in my holdings but i am happy to what i am having now

[South Park]

I hope so

I like the idea of buying using a small amount of money to invest in bitcoin consistently. I am sure that can give us a big profit in the long term, but the problem is can we still consistent to do that thing because we can feel bored doing the same thing every weeks or month. But I am sure that if we can manage ourselves to still buying bitcoin, we can have a chance to own more than 1 bitcoin in the future because we already bought bitcoin a long time ago. So we should keep buying bitcoin before it is too late.

Like always everything will depend on several factors, like your desired comfort level, age and the place where you are leaving, if you want a life full of luxuries you are probably going to need more than one bitcoin but if you live in a cheap country and your goals are measured then one single bitcoin could be probably enough to make your life many times easier to the point that you could retire a decade or even two earlier thanks to it.

[bazukash]

Its long period for sure to speculate or predict but from charts so far and from timeline when bitcoin is introduced and placed into market this assumption can be very close to the truth. We have 14 years till that time but considering they predict that price will be 100k or more for this year it very possible to say and predict 1 mill as price for 2035. It can be very realist price.