Will owning 0.01 BTC really make you rich?

[btc78]

Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .

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[Lordshiva]

Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .

0.01 btc is a bit less if you wanna get rich as 10 million dollar for bitcoin is not happening in few years. Even one day when it happen may be too late. 0.1 btc can you rich in coming years and that is my target.
Becuaee owning whole bitcoin is pretty difficult for me a this stage.

[rozak]

Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .

with a current value of 0.01 BTC of course it would be difficult to expect to reach $10 million.
the only thing that makes sense I think is to buy a little every time we have some extra cash. such as periodic investments when we receive a salary and partly we buy BTC. we can keep it for a long time and we will see the results in the future.

[lienfaye]

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.

Well, there's a possibility, if the price of Bitcoin continuously increase in the future. However it might take a long years since we're only talking of 0.01BTC here. If an investor really want to become rich by investing in BTC then he/she needs to buy more to hold for long period.

Anyway one thing im certain is, those investors who are patient enough and can hold his 0.01 BTC for long period can surely gain in time.

[LuizX]

this is really the million dollar question
assuming that whoever bought 5 dollar of btc in 2011 knew that in less than 10 years he would be a millionaire do you think anyone would sell or exchange their BTC? because the future is uncertain, speculation, market, government, X variables....
0.01 BTC millionaire ? I believe not in the short term, but at least 1 BTC in your wallet is likely based on the market, the short and long term trend is very good.
But whoever has 1BTC is already rich... it depends compared to what and where....

[BuNga_cute]

Am not sure if this can be but maybe once bitcoin reached10 million dollars then why not?
though in the current  value clearly we cannot be called rich.

I wanted to earn atleast 1 whole bitcoin to be sure becoming rich when it reaches million dollar value .

with a current value of 0.01 BTC of course it would be difficult to expect to reach $10 million.
the only thing that makes sense I think is to buy a little every time we have some extra cash. such as periodic investments when we receive a salary and partly we buy BTC. we can keep it for a long time and we will see the results in the future.

Actually it depends on which country we live in and everyone's understanding of rich is different. So maybe there are people who feel rich
by having 0.01 BTC, but it's clear to me that getting rich has at least 1 BTC. Indeed, if I had to buy 1 BTC directly, I couldn't afford it,
because my income wasn't too big either. But to get 1 BTC, we can buy Bitcoin according to our respective financial capabilities on
a regular basis. As you explained, we separate a portion of our income each month to buy Bitcoins. So having 1 BTC can be achieved,
as long as we work hard and have a strong desire, there will always be a way to get what we want.

[dataispower]

currently having 0.01 btc can not be called rich, maybe in the future having 0.01 btc can be called rich,
but for me now 0.01 btc is valuable because from 0.01 btc we can grow if we have a good trading strategy and maybe with this we can get rich.

I support your opinion, because it's only in future 0.01 will you make you reach person if have the amount of bitcoin, but people is concluding that 0.01 can some one to be rich person, i can agree but the problem is the country you are, some body exactly that countries we found ourselves into will determine the value of 0.01 if you are rich person or not, but no how and amount it will be if is allow to stay up to long

[piebeyb]

if we repeat 8 years ago maybe 0.01 BTC is very cheap but if we look at it today it is quite worth it but I'm sure if the price of BTC touched millions of dollars it would be more valuable, it's just that we never know bitcoin will touch its new ATH price above $100k or nothing, but to get rich at least you need to hold over 1 BTC

[BITCOIN4X]

Abiky, 0.01 bitcoin does not make us rich because it is only worth $410, but if you ask if 10 bitcoin can make us rich then I firmly believe that whoever owns it can be said to be a rich person. Actually I was wondering why you didn't ask about numbers greater than 0.01, do you have any other purpose than wanting to know how people call themselves rich when they have a certain amount of bitcoin?

if we repeat 8 years ago maybe 0.01 BTC is very cheap but if we look at it today it is quite worth it but I'm sure if the price of BTC touched millions of dollars it would be more valuable, it's just that we never know bitcoin will touch its new ATH price above $100k or nothing, but to get rich at least you need to hold over 1 BTC

1 bitcoin is now worth $41K, it will cover some lifestyle needs like buying a car or just a luxury house which equates to $41K. Of course I have different assumptions about how I declare myself rich, but 1 bitcoin can't really change social status from poor to rich today because the value of the currency is much lower than the value of the goods.

[Henrobakkara]

I've read a few articles on the web which indicated you could get rich with just 0.01 BTC. At first, it seemed crazy to me considering that Bitcoin is still below $1m. But then it started to make sense after knowing that the pioneer cryptocurrency was designed with deflation in mind. Each halving had a positive effect in BTC's price, so one would guess the next one will lead us to a BTC worth more than $100k. To become a millionaire with 0.01 BTC, the price of one Bitcoin must be $100m. Prices are still volatile, so I'm having my doubts whenever I'd really become rich with just 0.01 BTC or not.

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.

I don't think so for now. This is still way too low to become rich over, yeah it will definitely get you some things you will need but this amount of 0.01BTC cannot get you rich even if one BTC were to at $1million and even in my country, that amount wouldn't get you a house in a middle-class area, so this is not the amount but maybe like 0.1BTC and with a $1mill per BTC  

[Abiky]

I am one of those who think that around one to 10 to 15 years those who have that amount of BTC will be rich, the reason is simple, if BTC is about to reach $ 100k and surpass the mark, I think that in about 15 years, the The price of BTC will be through the roof, it will be something unique, and for this reason that amount of BTC will be enough for 1 person to live in peace and with the comforts he deserves.

Currently it does not represent a lot of money, because for some it is easy to make 0.01BTC, at the moment although the price has dropped a lot, I think it is still very good money, so it is considerable what can be appreciated in a few years.

As they always say, "the sky is the limit". If Bitcoin went from being worth nothing to thousands of dollars (USD) a few years after its launch, they it could easily reach prices far beyond $1m. Those who hold 0.01 BTC now, might get lucky in the future as mainstream adoption grows non-stop. Knowing that inflation is on the rise, $100m per Bitcoin will become a reality faster than you could've ever imagined. It's not a question "if" you'll become rich with 0.01 BTC, but rather "when". I'd advise anyone to accumulate more than just 0.01 BTC to become a multi-millionaire within the not-so-distant future.

Ultimately, what matters is not the price per coin but rather its usefulness. As long as Bitcoin brings financial inclusion to anyone, anywhere in the world, there should be nothing to worry about. Just my thoughts

[filmesoydo]

Yeah...probably,not 100% depending on btc price,but people often forget that,country,living and economics plays the bigger part in that question,if its a third world country,sure,you will probably live like a king,but on New York or London ? in that case i wouldn't have my hopes up.

[BitTalk21]

It's very certain to become rich with 0.01BTC. I have 1 btc in 2014 and ready to sell it even comes near 2k.
after watching todays market many old bitcoiners had done big mistakes no one can predict what future is going to be.
0.01 is a nice investment if it keep increasing on same rate.

[KaliLinux]

The question is, how do you own 0.1 BTC in 2022 ?. If you look at the value of bitcoin and market place, it's hard to earn such an amount. The only way to make 0.1 BTC is an investment, but it means you're already rich if you're buying it. Why would you believe it when you already have enough money?. If you go back and invest like $8 to $10, it might become rich. But in today's generation, no one can earn such an amount, not even with mining.

I don't think it is a question of you investing in it once, this is where most people get it wrong. Bitcoin and other cryptocurrencies happen to be what you can buy in bits which is also good, that give the average investor an opportunity to buy little and little to be able to accumulate to that amount of 0.1BTC and I believe this is doable which is the whole essence of DCA.

[fenican]

No. It means you are a $400'anaire, give or take depending on market price.

[CDC AP]

I can define what being rich means to me, but I can't draw the conclusion that being rich according to other people. Which "Rich" fits the specs? Because everyone is different in the same content, but of course in terms of the standard of thinking of course in this case in the sense of "rich".

[doomloop]

It's very certain to become rich with 0.01BTC. I have 1 btc in 2014 and ready to sell it even comes near 2k.
after watching todays market many old bitcoiners had done big mistakes no one can predict what future is going to be.
0.01 is a nice investment if it keep increasing on same rate.

If ever you still have your 1 btc today, its value is still far from a million dollar or not unless if your living on the countries where the dollar rate is much higher. Being rich could also depend on our preference and not does not only equate to a million cash.

Some people will feel rich already if they have hundreds and thousands of cash. 0.01 btc would not make us rich by now but 0.01 btc has a nice value and will only get better as time passes by. 0.01 btc is also not the max limit that a person can hold but it will be better if you can gradually add more btc in to your stash.

[DoublerHunter]

I can define what being rich means to me, but I can't draw the conclusion that being rich according to other people. Which "Rich" fits the specs? Because everyone is different in the same content, but of course in terms of the standard of thinking of course in this case in the sense of "rich".

^ Speaking of rich I think it has a consistent source of income, it is really hard to determine a rich but for me, this 0.01 BTC is enough amount that you will get rich in the future, that is still a small amount right. 1-2 BTC is considerable because it has a million dollars value and for sure you will become rich on that. Probably after years and sounds 10 years from now, it could be that amount seems hard to have because of its value. Dont expect too much when you are investing in crypto but be wise enough not to sell your coin under the price when you purchase it.

[TribalBob]

0.01 btc will make you rich in the future I think 'yes', because we don't know the price of bitcoin in the future can go up or down but I'm optimistic that my bitcoin will give you wealth in the future and hope it's when I really need money

[Dr.Osh]

0.01 btc will make you rich in the future I think 'yes', because we don't know the price of bitcoin in the future can go up or down but I'm optimistic that my bitcoin will give you wealth in the future and hope it's when I really need money

I like your optimism. however, we recommend that you have more than 0.01 bitcoins at the time to be more sure that you have more than $100k. however, we don't know how long we will wait for it. however, even if it is possible, the potential is very small.
well, if you believe with 0.01 bitcoin you can get rich, then I feel that having more than that in anticipation so you can become richer, then collect at least 0.1 bitcoin or even 1 bitcoin for the future.