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Author Topic: Owning One BTC In 2035 Will Make You A Millionaire  (Read 682 times)
Rruchi man
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February 12, 2021, 11:45:43 AM
 #21

I totally agree with the topic of this discourse. All things being equal, by 2035, it is even difficult to predict the value bitcoin will be by then.  Even for just owning 0.5btc you will be a millionaire.

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February 12, 2021, 11:50:32 AM
 #22

It is relatively easy to make millions from bitcoin than even any altcoin, it is not very simple lately  acquire some sats to 1 bitcoin unlike the previous years where the price was very cheap and you could even perform simple tasks to earn them. It is even advisable for everyone to own bitcoin even if it is not up to 1 let it be some quantitative fractions of it.

Really? can you elaborate more the part where it is relatively easy to make millions from btc at this current price? i don't think you fully understand what that means, don't look at it from owning 1BTC perspective, look at it from owing a fraction of btc and tell me how long you think it will take for your fraction of sat to make you millions (relatively) Cool

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February 12, 2021, 11:52:35 AM
 #23

Actually owning 1 bitcoin is really good the cost of that is very high, but in the future we do not what is going to happen to the bitcoin because there is a chance the price is very low on that year so if you want secure future you must need money but now you can become millionaire with the help of the bitcoin and the other altcoins you must need only to trust to cryptocurrency now and you will gain money but you have a lot of patience to wait to increase more the price because that is the prize for those people who wait like more years are earning more money.
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February 12, 2021, 12:19:27 PM
 #24

It is relatively easy to make millions from bitcoin than even any altcoin, it is not very simple lately  acquire some sats to 1 bitcoin unlike the previous years where the price was very cheap and you could even perform simple tasks to earn them. It is even advisable for everyone to own bitcoin even if it is not up to 1 let it be some quantitative fractions of it.

Really? can you elaborate more the part where it is relatively easy to make millions from btc at this current price? i don't think you fully understand what that means, don't look at it from owning 1BTC perspective, look at it from owing a fraction of btc and tell me how long you think it will take for your fraction of sat to make you millions (relatively) Cool
What I meant is; those who bought at this price presented by Binance here must be super rich and there hasn't been any altcoin which has done this type of movement yet. Seeing it from the fractional aspects, it is not easy as you said to be honest. So, owning at least 1 BTC before the year predicted by OP is still very much appreciated.

R


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February 12, 2021, 01:03:05 PM
 #25

Hugely irresponsible of you to ask people to borrow money now to load up on Bitcoin. So many failure stories from people who borrow and end up in debt, losing everything.

Now if you CAN borrow within your means, and can dig in for the inevitable winters that must visit, and are able to withstand long years of waiting, then okay, maybe it's a risk worth taking.

But never go beyond your means. And be prepared for crashes before the sun comes out. I love Bitcoin too but messing up your real life is a real tragedy not worth any satoshi.

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February 12, 2021, 01:36:50 PM
 #26

I really wish this would come true.  I'ld be a multi-millionaire!
You can be a multi-millionaire if you were able to hodl your bitcoin for 15 years, and that takes a lot of patience and a stable job to pull off because there will be events that are going to happen to you along the way and those events might make you consider cashing out your bitcoin.
That's right, Hodl Btc for the next 10 - 15 years will make us millionaire...
currently, I am thinking of a stable job that does not make me have to cash out the Bitcoin that I have because of course, it will disturb me if always cashing out my Bitcoin. Bitcoin is an asset of the future that is sure to make us rich.



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February 12, 2021, 02:23:07 PM
 #27

Bad advice. Don't borrow to speculate on the price of Bitcoin. It's not a sure bet. We might all hate the idea but bitcoin may be surpassed by another crypto or even stagnate or simply grow at around the rate of inflation past a certain point.

If you borrow money and any of these things happen (or even a crash) there will be nothing you can do to recover. You will also have to pay interest.

As for owning 1 bitcoin. There are 7 billion people. There isn't even 21 million bitcoins up for grabs after all the lost early coins, the coins that Tesla now holds and the coins that whales hold.

Getting yourself situated in a nice secure piece of land and owning and developing that would be better than putting yourself in debt in hopes that bitcoin will go up.

The bet would have paid in the past but you don't know that it would pay in the future.
I guess it's a valid strategy if you really think that bitcoin will 10x (depending on how much interest you'll be paying. It's just irresponsibly risky and it can very easily ruin your life.

Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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February 12, 2021, 02:28:44 PM
 #28

Not looking forward to that year as we should just focus on the movements we have now. Considering how volatile our market is, we don't know the height that the price reaches at that long time. Within a year we saw the price from $4K to another ATH, what's more in that year where adoption is all over the world.

We will be talking about millions and millions of dollars as the value of bitcoin. Still, for now, we should be wary of the sudden movements. The correction is still at the corner and we should take that as an opportunity as we might not see the price falls down after that.

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February 12, 2021, 02:34:21 PM
 #29

A lot of people are already millionaires ...but they do not know it yet. In some countries with a very weak local currency (20 to 25 to $1) ....people are already millionaires, because 1 Bitcoin is currently about $47 000 and if they have 1 bitcoin and you multiply that with 20 to 25... then you are a millionaire in your local currency. (I guess they actually know it... but it just shows you what is happening now)

In any way, most third world countries have a very weak local currency... so those people already have a taste of the good life with their single Bitcoin.  Wink

I sometimes work on contract in Africa and I live like a King, after I converted my local currency to their currency.  Grin

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February 12, 2021, 02:57:19 PM
 #30

i think it will be sooner than 2035 that 1 btc would make you a millionaire

Cause is not before and effect is not after
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February 12, 2021, 03:28:18 PM
 #31

I hope so. Therefore, I still store BTC in my wallet.
Happy Lunar New Year. It was a pleasure to see and hear about these very positive, objective statements about bitcoin. We believe it here, but I think it will happen a little earlier. Or it can be asymptotic for a 5 year cycle. To be more perfect in 2025 when you own bitcoin, you will become a millionaire. and I will be one of them. Hope to have lots of great years to see similar this year. New and very exciting start in the marketplace. The promise has really returned and sentiment firmer. The next peak will be $ 55k. Kiss

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February 12, 2021, 04:15:28 PM
 #32

Hugely irresponsible of you to ask people to borrow money now to load up on Bitcoin. So many failure stories from people who borrow and end up in debt, losing everything.

Now if you CAN borrow within your means, and can dig in for the inevitable winters that must visit, and are able to withstand long years of waiting, then okay, maybe it's a risk worth taking.

But never go beyond your means. And be prepared for crashes before the sun comes out. I love Bitcoin too but messing up your real life is a real tragedy not worth any satoshi.

I still think there is time to borrow FIAT to buy Bitcoin, especially in this bull run.
with Bitcoin pretty likely to hit 100k this year, double your FIAT and pay back your loan
if you are feeling safe.

This is pretty much what I have done but I borrowed last year.

R


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February 12, 2021, 05:09:40 PM
 #33

I still think there is time to borrow FIAT to buy Bitcoin, especially in this bull run.
with Bitcoin pretty likely to hit 100k this year, double your FIAT and pay back your loan
if you are feeling safe.

This is pretty much what I have done but I borrowed last year.

Yeah, but importantly, that's what you think. You don't know, I don't know, no one can know.

I'm stacking as much as I can, I always have though, regardless of market conditions. But I'd never extend beyond my means, certainly wouldn't advise anyone else to do the same.

"Pretty likely to hit 100k this year" is a sentiment I might share, but I've no inkling of how close to actual reality this will ever get.

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February 12, 2021, 07:04:30 PM
 #34

I totally agree with the topic of this discourse. All things being equal, by 2035, it is even difficult to predict the value bitcoin will be by then.  Even for just owning 0.5btc you will be a millionaire.
Bitcoin is so volatile that i can rise up high by the value of that we don't expect or even much higher. Knowing that big companies and rich people adopts and respects bitcoin as an investment is a great advertisement and can give massive traffic to our social media platform in our present time.
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February 12, 2021, 08:02:40 PM
 #35

I still think there is time to borrow FIAT to buy Bitcoin, especially in this bull run.
with Bitcoin pretty likely to hit 100k this year, double your FIAT and pay back your loan
if you are feeling safe.

This is pretty much what I have done but I borrowed last year.

Yeah, but importantly, that's what you think. You don't know, I don't know, no one can know.

I'm stacking as much as I can, I always have though, regardless of market conditions. But I'd never extend beyond my means, certainly wouldn't advise anyone else to do the same.

"Pretty likely to hit 100k this year" is a sentiment I might share, but I've no inkling of how close to actual reality this will ever get.

I agree totally! nobody knows what the future holds.
I personally was in a position to sustainably take a FIAT loan to buy Bitcoin knowing
that if Bitcoin didnt work out as I foresaw I would still be able to pay back the loan.

or I would have to sell Bitcoin at potentially a loss to pay the loan, it was a gamble.

R


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February 12, 2021, 08:23:52 PM
 #36

Actually owning 1-Bitcoin in my country will automatically make you a Millionaires becasue of the currency status or due to it inflation. If am not mistaken, half a Bitcoin made you a Millionaire in my country and definitely in future like 2035 then holding one Bitcoin in my country will be running into Billionaire, hopefully becasue the inflation rate will definitely increase as we seen today.

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February 12, 2021, 10:30:55 PM
 #37

Hugely irresponsible of you to ask people to borrow money now to load up on Bitcoin. So many failure stories from people who borrow and end up in debt, losing everything.

Now if you CAN borrow within your means, and can dig in for the inevitable winters that must visit, and are able to withstand long years of waiting, then okay, maybe it's a risk worth taking.

But never go beyond your means. And be prepared for crashes before the sun comes out. I love Bitcoin too but messing up your real life is a real tragedy not worth any satoshi.
People are really fan on just looking the brighter side of things without even trying to look up into the other side that everyone isnt really successful into this career or market.

Yes, bitcoin does really have the potential but investment decisions would really be needing that common sense on what are the possible scenarios neither on the positive or on the negative side of things.

We shouldnt really focus on one side because too much expectation would really hurt badly if things goes into the opposite path.Its not bad on being optimistic but having this kind of

suggestion or advises is really a bit misleading or do mold up those false hopes specially for noobs out there that do really able to read up.Nothing is assured nor guaranteed when it
comes to future.

Neither bitcoin can hit up a million or would go to zero.No one knows.

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February 12, 2021, 11:12:08 PM
 #38




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
While I agree with the premise of your post at the same time it is not as simple anymore, buying 15 dollars worth of bitcoin at a time will generate massive fees in the future so it is better for you to make all the savings that you can do in a month and buy bitcoin once a month, this would require some patience and you are not going to get the best possible price with this strategy but it is going to be cheaper over the long term.

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February 12, 2021, 11:23:30 PM
 #39

Once it was to own 21 Bitcoin to be an one in a million. With that it is stated people with 21 btc will surely turn to be a millionaire one day. Now things have changed with the growth, and just a single bitcoin is predicted to make a millionaire by the year 2035. As per the ongoing growth ratio, there is more chance of prices reaching much higher than the present. Anyhow a million is far away from the present value. This means in terms of local currency value we can have more Millionaires, and already this has happened with present value of bitcoin on more number of countries.
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February 13, 2021, 01:22:06 AM
 #40

Actually, the fastest way to become rich is through Bitcoin, we don't need to do anything difficult. It is enough to buy Bitcoin every month from
the extra money we have, do this consistently for at least the next 5 years. I believe we can become rich people, because based on the research
I have done, compared to when we start a business that is not necessarily a profit. Investing in Bitcoin is much more promising than any business.
Therefore I agree that just having one Bitcoin in 2035 is enough to make us rich.

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