Will owning 0.01 BTC really make you rich?

[yazher]

If we really follow the price history and if it would gonna multiply the price until the last bitcoin has been mined, then that would be possible but it's a long way to hold because we are talking 0.01 BTC only not 1 or more BTC. You're not gonna make it with your limited life span because you're holding a low amount of BTC. You're not gonna be rich but you can assure with the money you invested will get some more percentage in the future depends how much you will hold. In my case, if I have 0.1 to 1 BTC I'm already rich.

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[yoyo20016]

If we choose the price of 10 million par btc,like Hal said in one of his messages,it will be 0.01btc=100k usd. But we need to focus in the price of objects in btc. But the real benefit from btc is his limited supply. Imagine 100k could buy you a big house,but in 10 years when 0.01btc = 100k ,the same amount of money could buy you a small house. The 7% of inflation in the usa is so big.

[StarKay]

0.01 BTC will not make you rich because there is a limit that the value of Bitcoin can reach and it's not possible for Bitcoin market capitalisation to surpass GDP of countries like China and USA. We are already experiencing a price correction from the recent rapid rise in bitcoin.
But 0.01 BTC will be worth more than it's fiat currency equivalent let's say 5 years from now. I think BTC is more of securing values than creating wealth.

[Gamerholic]

I think what makes a person "rich" is the level of his awareness and intellectual development, the level of culture and philanthropy. The rest is secondary in my opinion. As for material and non-material values ​​such as cryptocurrency (any), it always enriches a person with new skills and knowledge that he did not have before. Therefore, I am sure that any amount of any cryptocurrency and the skills to receive and manage cryptocurrency is a blessing that brings joy to a person and the pleasure of owning something "new".

[mia_houston]

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.

Owning 0.01 bitcoins is not a guarantee that wealth will be yours even after 10 years, let's say today the exchange rate of 0.01 bitcoins is equivalent to $359 (bitcoin price $35,989), and you keep it for about 10 years so that bitcoins go up to $1 million, don't you just have money around $10,000 in 2032? I think $10,000 is not a high enough value for money in 2032 because it is certain that in 10 years the world will experience many changes, including in terms of currency values ​,  price of goods and services, so in my opinion if you really want to become a millionaire by only having bitcoin around 0.01 of course  it is impossible.
But if you use 0.01 bitcoins to continue trading continuously in the market, chances are that you will be able to double the number of bitcoins you have from now on and if you are lucky maybe from 0.01 bitcoins, you will have 1 or 2 bitcoins and maybe more in the next 10 years.

[Ultegra134]

Am I the only one who finds these kinds of predictions incredibly stupid and naive? I believe in Bitcoin, but I highly doubt it that it will be ever worth that much. I seriously do not understand who, why and how they make such predictions. How can someone come up with such an ambitious projection, especially now, with the $100.000 mark looking too far away and unrealistic for the time being.

[Abiky]

Am I the only one who finds these kinds of predictions incredibly stupid and naive? I believe in Bitcoin, but I highly doubt it that it will be ever worth that much. I seriously do not understand who, why and how they make such predictions. How can someone come up with such an ambitious projection, especially now, with the $100.000 mark looking too far away and unrealistic for the time being.

If only you understood what Bitcoin is all about, then you wouldn't be making such comments. The fact that Bitcoin is deflationary, tells us that its price should go higher over time. Not only that, but Bitcoin is the most decentralized cryptocurrency in the world. $100k is nothing considering that Bitcoin is the best sound money the world has ever seen. With Fiat currencies' inflation on the rise, we should see a Bitcoin valued over $1m at a very fast pace.

Knowing that Bitcoin kept reaching new All-time-highs over time, tells me that it's possible to become rich in the future with just 0.01 BTC. The chances are even higher when you accumulate more than that. Right now, Bitcoin's price is declining so it's the best time to grow our stack of coins before it's too late. Who knows how far Bitcoin will go in terms of price and mainstream adoption? Just my thoughts

[Ultegra134]

Am I the only one who finds these kinds of predictions incredibly stupid and naive? I believe in Bitcoin, but I highly doubt it that it will be ever worth that much. I seriously do not understand who, why and how they make such predictions. How can someone come up with such an ambitious projection, especially now, with the $100.000 mark looking too far away and unrealistic for the time being.

If only you understood what Bitcoin is all about, then you wouldn't be making such comments. The fact that Bitcoin is deflationary, tells us that its price should go higher over time. Not only that, but Bitcoin is the most decentralized cryptocurrency in the world. $100k is nothing considering that Bitcoin is the best sound money the world has ever seen. With Fiat currencies' inflation on the rise, we should see a Bitcoin valued over $1m at a very fast pace.

Knowing that Bitcoin kept reaching new All-time-highs over time, tells me that it's possible to become rich in the future with just 0.01 BTC. The chances are even higher when you accumulate more than that. Right now, Bitcoin's price is declining so it's the best time to grow our stack of coins before it's too late. Who knows how far Bitcoin will go in terms of price and mainstream adoption? Just my thoughts

Can't predict what's going to happen in 5-10 or 20 years, however, 0.01 BTC is far from making you rich, no matter how much it gains in value. $100.000 definitely isn't, nothing, because we are way too far from surpassing it, which is certainly not happening in the following 2-3 months, or even way more.

[jaberwock]

This thread is ageing well minute by minute .

Hopefully the markets recover soon, it's really sad to see what's happening atm.

But whatever happens, 0.01 would in no case ever make you rich.

I am not really going to say that it is not possible for one to become a millionaire by investing 0.01 BTC. Maybe judging from the past events that has taken place in the market, it might be quite possible that he would reach that level, but it is going to take so many years and it’s not something that will just happen within a short time. I know that he is saying this based on how Bitcoin has been able to keep increasing in value over the years.

For Bitcoin to reach a price of $1,000,000 for one, or even $100 million for one BTC, is going to be really difficult, and this might be something that we wouldn’t see anytime soon, or something that we wouldn’t see happen at all. Because how many other assets or stocks have you seen that are worth $1,000,000 today? So the problem with most people here is that they are expecting too much from Bitcoin, and all of them just wants to get rich and fails to apply the right strategy. Why don’t he work hard and buy 10 BTC instead, since he wants to be a millionaire?

[Odusko]

Yes,0.01BTC can make someone rich if its equivalent to $100k,it depend on the holder ,if the holder can manage it well why not,you can trade with it and make more btc,you can also convert it to currency of one of  small countries ,like Benin republic, chad,etc where it will have more value and start up business with it,before you know you will be rich,as for me I can be rich with it.

[buwaytress]

Can't predict what's going to happen in 5-10 or 20 years, however, 0.01 BTC is far from making you rich, no matter how much it gains in value. $100.000 definitely isn't, nothing, because we are way too far from surpassing it, which is certainly not happening in the following 2-3 months, or even way more.

I can't be bothered to dig up my old posts but the last time I entertained the idea of $1 million Bitcoin I'm pretty sure I also thought it was likelier I would be scattered over the seven seas decades earlier. $10,000 I'm also sure would be worth far less then than it would be today, adjusted for inflation.

$10,000 today wouldn't make you rich in the country I come from, even if it's a small fortune worth over 4 years of minimum wage. So I'm always going to agree with you about 0.01 BTC. It won't make you rich, not today, not at $1 million Bitcoin.

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

Why did you misspell 'rich person' with a symbol and digits though?

[virtualdn]

I think in the future 1 BTC can make you rich but also 0.1 BTC can be nice money. You never know what can happen in the long run. But BTC will still exists in 50 years that's for sure. (if the world will last too )

[sarmrakib]

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.

Do you think about 8 years before ,the value of btc and also the amount 0.01 will get such a value now what is the value right now .Its just unbelievable it has gained a huge amount of money and he who hold the btc surely the are millionaire .I think it will huge on the upcoming days and also the value of single code will increase for sure .

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 think the value will gradually increase for sure .I think the value will be high as we expect but having a low amount of btc like 0.01 will not give us as a expected return but we all have a good value for sure .I think we won't be rich but will not become poor so that we need to hold it strongly it will be a asset for us for sure .

[Alert31]

0.01 BTC can't make you rich although in some countries it is already worth a lot. But if you are going to hold it for 20 years from now I think it will make you rich  if the value of bitcoin is $100k by that time. Well, no body knows what will happen in the future of crypto, holdng it for so long is too risky and you don't know if it will give you a fortune if you are still alive.

[Xinarae*]

Holding on to 0.01 BTC will make it really rich because bitcoin will yield better results in the long run than at present. That would double our relationship and make the future better bitcoin is at the top of all currencies from other currencies bitcoin is also a great source of investment in terms of future security and savings. If bitcoin can be invested then there is a good chance of getting a big return in the near future in a short time there is a great potential for profit.

[Ultegra134]

Can't predict what's going to happen in 5-10 or 20 years, however, 0.01 BTC is far from making you rich, no matter how much it gains in value. $100.000 definitely isn't, nothing, because we are way too far from surpassing it, which is certainly not happening in the following 2-3 months, or even way more.

I can't be bothered to dig up my old posts but the last time I entertained the idea of $1 million Bitcoin I'm pretty sure I also thought it was likelier I would be scattered over the seven seas decades earlier. $10,000 I'm also sure would be worth far less then than it would be today, adjusted for inflation.

$10,000 today wouldn't make you rich in the country I come from, even if it's a small fortune worth over 4 years of minimum wage. So I'm always going to agree with you about 0.01 BTC. It won't make you rich, not today, not at $1 million Bitcoin.

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

Why did you misspell 'rich person' with a symbol and digits though?

Certainly, 0.01 BTC was worth a few dollars at best, 10 years ago, many people go by this saying and believe that in 10 years from now, that fraction of Bitcoin could potentially be worth a fortune, but I highly doubt it. There's definitely a bright future ahead of us, I'm certain that this period is ideal for accumulating more, that in the future, could possibly be worth a lot of money.

[dezoel]

Nobody can tell you whether you are going to be a millionaire or not, and moreover you don’t even know the future of the market, just because someone told you that you can buy 0.01 BTC and save it to become a millionaire, doesn’t mean that would be the case in the future. You might end up even not getting anything.  The right thing for you to do is to start making plans on how you can attain that level.

For myself, I don’t really rely too much on Bitcoin, and I don’t have a particular amount that I would have to own, I’m just investing as much as possible, and every time I have the money to invest I invest it and hold it in my wallet. And then when I realize profit from it, I take a part of the profit and also invest in other business that I’m into.

So, being millionaire is not something that you have to rely on bitcoin for you to achieve, there other things you can do as well, try them out for yourself while you are also investing in Bitcoin. Try to engineer your wealth and not be lazy and expect magic to happen, I’m tired of people seeing bitcoin as a magical means to make money and become rich overnight. This is why many has been misled.

[terrific]

I think in the future 1 BTC can make you rich but also 0.1 BTC can be nice money.

And 0.01btc is a little bit nice too. But for everyone who believes in the market, there must be the sense of thinking that they should own more and do whatever it takes and to exert more effort for them to be able to buy and hold more bitcoin.

You never know what can happen in the long run. But BTC will still exists in 50 years that's for sure. (if the world will last too )

Hopefully that's true, bitcoin's last supply will be mined after a hundred years and before a silver anniversary comes, we're all hopefuls that bitcoin would reach 7 digit numbers as its price.

[molsewid]

I think what you said is right and i believe that i have said something of this term, if 0.01 btc can not get you a anythin and can also not make you rich in your country because of your currency value other people's country their currency is low 0.01 BTC can make it rich and it will never be poor

Referring to the current value of bitcoin today which is a $36, 500 the 0.01 btc is only $365 and that's only a 5 digit money in our fiat which I can definitely say owning a 0.01 will not going to make me rich. Even if it hits a $100k value it wouldn't be enough to make me rich. So what I really mean is, though even if it would not going to make me rich still owning a 0.01 btc for me is already a privilege, this amount will determine how patience a holder could hold this asset and yeah hopefully time will come that this value will going to give a fortune to anyone if ever the market of bitcoin pump.

[goku19]

Even if bitcoin reaches the dream price of 1 million dollars yet this bitcoin will valued 10,000 USD in which still low to be considered as rich people.so meaning 0.01 bitcoin will never make a person rich even if bitcoin take 10 million as this will increase to 100k and still not that high.so i think the amount to be considered as good for the future is at least 0.1 bitcoin or more than this .