Will owning 0.01 BTC really make you rich?

[goku19]

Owning bitcoin in itself right now won't make you rich. It's a lot more of the fact that it will give your savings a nice boost, compared to just holding fiat where the value is guaranteed to drop slowly but surely. Some people think that solely holding bitcoin will save get them out of poverty; nope. You're going to need to actually earn money, obviously.

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[DoublerHunter]

0.01 BTC worth 368$ according to current price of BTC and it will not make anyone rich but it help you to grow your portfolio to trade and invest in some projects. You can use 0.01 BTC for trading.

^ I like this idea and yes, it could probably be that amount is a good start.
This is what others usually think of, when you own bitcoin you will become rich. Probably you will, but it won't make you rich right away just by owning 0.01 BTC itself. It of course requires time and effort as part of your investment. If you own bitcoin because of that kind of belief, you won't surely make any progress. Your excellent strategy of managing your BTC and making it grow is what matters. Don't be concerned about the current challenges since you will always get a decent return on your investment, no matter how much you put in.
However, if you are good at trading there will probably be a chance that you will grow your portfolio in just a matter of time.

[UmerIdrees]

I think anything is possible in Crypto, the possibilities are endless.

I learnt about Bitcoin in 2016 and it was less than $5k then. Imagine i had invested 0.01 BTC then i would have made ×20 or more now. I thought is if the have the money to invest, invest now and wait to be amazed.

Cryptocurrency is the future, it's never too late to start now.

Though it will not be easy for the Bitcoin to do 20x from this price, but still any amount of bitcoin which you own will be beneficial for you.
 The prices of bitcoin will continue to rise and if you can hold bitcoins for next ten year's, it can change your fortune.

[bitbollo]

0.01 BTC worth 368$ according to current price of BTC and it will not make anyone rich but it help you to grow your portfolio to trade and invest in some projects. You can use 0.01 BTC for trading.

If you are not good on trading you can turn 0.01 btc into 0.00 btc (loss everything).
https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq
I have taken in count 1000 predictions made on The next 100x-1000x coin? and 10.83% of predictions have reported a total loss! It means project died/ 0 gain.
I am worried to see people trying trading without properly knowledge of crypto world, CAVE CANEM

[Viscore]

In my own opinion, owning just one bitcoin is not enough to make you rich but having it is a life changing.For me it's really a good amount to start a new business and earn double through this.

Some people hold it in a long term,and waiting for the right time to sell it. Which is good also to gain your money and invest more And maybe if you are lucky,there's a possibility that you will become rich.

[Sksordar795]

Yes, Owning 0.01 BTC will make me rich.because, The price of BTC will be high in the future..
Best of Luck BTC holders. Best of Luck BTC

[Farma]

It really depends on how you look into wealth. We are currently measuring wealth through USD or Euros as these are reserve currencies. Although if there is hard convert to Bitcoin in future where everyone uses Bitcoin to price things, Bitcoin may reach status of United States Dollar. I mean that would be huge utopia although everyone will get what I mean. I don't think its possible in near future but for long term - possibilities are endless.

This is true. there are some people who see that $10k as a person who has a lot of money, or even see it as a rich person, however, there are also those who see it as a small amount of money. as well as $100k, and so on. it depends on how you think rich is like. however, in the crypto world 0.01 bitcoin is not so much at the moment, but it could be big in the future. however, I doubt that 0.01 bitcoins will be worth $10k, in the future. even if it does, is that $10k really worth it for you to think you're rich? however, i only recommend to keep accumulating bitcoin bit by bit if you really want to get rich from it. I still think that 0.01 bitcoin is still hard enough to make you rich, but, it never hurts to hold on to it.

[Chato1977]

Yes, Owning 0.01 BTC will make me rich.because, The price of BTC will be high in the future..
Best of Luck BTC holders. Best of Luck BTC

Wrong , you must evaluate how much the btc involved to know how much it will costing if ever price of bitcoin comes to the highest 1 million dollars because look how much that 0.01 bitcoin then? 10 thousand dollars? will that amount be enough for you be become rich? i don't think so mate.

[e_abrams]

I think it largely depends on one's definition of "rich". If you live in a country where you make a few cents an hour, then 0.01 BTC will probably seem like quite a bit of money. If you're making several thousand dollars per month, not so much.

[Maestro75]

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.

0.01 bitcoin today is just about $400 in value and that is nothing to make anyone rich, even in the third world poor countries. If we are looking at that and hoping it will become possible in the future then that will have to be after bitcoin has done its halvings for 5 times or more. That is 5 multiplied by 4 and that is 20 years from now. It is going to be a long wait to come. Anything can happen before that 20 years wait. Bitcoin can even lose its importance too before then.

[Abiky]

0.01 bitcoin today is just about $400 in value and that is nothing to make anyone rich, even in the third world poor countries. If we are looking at that and hoping it will become possible in the future then that will have to be after bitcoin has done its halvings for 5 times or more. That is 5 multiplied by 4 and that is 20 years from now. It is going to be a long wait to come. Anything can happen before that 20 years wait. Bitcoin can even lose its importance too before then.

0.01 BTC may be nothing today, but it will be in the future as Bitcoin continues to reach new All-time-highs. The fact that the cryptocurrency is deflationary, tells us that it should become more valuable over time. Of course, nothing is guaranteed in this world. For what I know, the crypto market is purely speculative. If Bitcoin is maintains high demand, you can bet 0.01 BTC will make you filthy rich in an instant. Most of us will probably have more than 0.01 BTC so there's that. We're going to have to see what will happen with Bitcoin's price after each halving. Just my thoughts

[yohananaomi]

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.

there is always an opportunity to enjoy the abundance of 0.01 bitcoin values ​​that have been stored, but it may take time to be realized. because as we know bitcoin will always increase after the halving is done so every time it is ensured that the increase is also quite significant.

it would be wiser if every time there was an opportunity to increase the amount of bitcoin value by saving in installments little by little, then without realizing the value of 0.01 bitcoin you will be able to become 1 bitcoin when the price has increased.

[virasog]

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.

Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin.

I think that 0.01 btc will make us rich, I am pretty confident of that. But the real question is "when". Maybe our sons not directly us will appreciate this aspect, this secondo revolution. It's like another 1000x for something that started from zero.
I mean, we need a lot of time to see this change...  Meanwhile we can appreciate bitcoin for what has been created.
A strong and unique alternative to FIAT money system. This is the real bargain offer that has no price if you know what I mean...

0.01 btc can make you milionare depending upon how long can you hold it and how fast bitcoin prices move up. I personally not aiming at 0.01 btc. I am just collecting all the bitcoin fromwhere ever i can and keep them save from long term. I am sure that my saved bitcoin will help me a peaceful life after retirement. Think big, thing for long term and you will realzie that every satoshi saved, is something worth a lot more than you can imagine.

[erep]

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.

Whether having 0.01 btc or 1% of accumulated 1 btc in the wallet can increase the wealth stratum to become a billionaire even if the bitcoin price has reached $1 million, only having an estimate of $10k and even then can not enter me into the list of new rich, if 0.01 btc alone can convince will be very valuable in the future then at least 0.1 btc should be kept until bullish $100k first.

[xSkylarx]

I don't think 0.01 will make you rich because you will need very, very high gains to get rich and I don't think it's possible for bitcoin to go up 100x or more that's absurd.

While we are unsure of the future, it is possible that the price of bitcoin will increase by that much. However, if we are talking about 0.01 BTC from the current price, I would say that it does not make you wealthy, but as you can see, you can add it to your personal wealth and then invest it into something where the price of bitcoin will double over time, and you will profit from it. It will not make you wealthy at this time, but if you invest it, you stand a good chance of becoming wealthy in the future.

[lenovop-70]

If Bitcoin reaches a price above $100K, maybe yes you will be rich, but it won't take long if you don't use it wisely, it will just flow out.
Talking about its value, 0.01BTC wouldn't be worth it here if we didn't convert it to Fiat, and I think it's the same in most areas that don't yet accept Bitcoin as a legal currency.
So my answer to this discussion is, 0.01BTC can make you rich if you play the money wisely.

[Rehan Zakir]

Now, price of bitcoin is near 40,000$. So, if you are holding 0.01btc. Now, its worth becomes only 400$. It is not a big investment my brother. But if you know how to make profit from this amount then you can make thousand of dollars from a little amount. Your skills are more important.
You can also become rich if you invest this amount in a strong project for one to 2 year and it becomes 50X or even 100X. In this way, you will get a good profit and become rich. There are lot of projects that gives more then100X profit in bull run.

[savetheFORUM]

I don't think 0.01 will make you rich because you will need very, very high gains to get rich and I don't think it's possible for bitcoin to go up 100x or more that's absurd.

Very very high gains look exaggerated even for btc and when I hear that phrase I automatically think that btc needs to touch over a million dollar and I do not think that is possible already. We are going to get old and maybe be gone in this world but btc value is still not high half way on that amount however a high gains can be realistic. High gains can be 100x or 200x and yes I'd say it again, it is possible.

Maybe it will not happen in a consistent way if that is what your thinking but we can do it one at a time  or let say after btc hit a new ATH, we can sell and take profit and then when the value drops we can buy again and wait again for another recovery or ATH. repeat the process.

[bitbunnny]

Everything depends how the Bitcoin price will develope with time. But I think when we talk about Bitcoin it's very hard to predict how much coins one should own to become rich because of high volatility.
However, my advice would be to accumulate as much Bitcoins as you can and there is absolutely no guarantee that you will become rich but you will definitely have some valuable asset that might be your financial back up and some kind of safety.

[Abiky]

0.01 btc can make you milionare depending upon how long can you hold it and how fast bitcoin prices move up. I personally not aiming at 0.01 btc. I am just collecting all the bitcoin fromwhere ever i can and keep them save from long term. I am sure that my saved bitcoin will help me a peaceful life after retirement. Think big, thing for long term and you will realzie that every satoshi saved, is something worth a lot more than you can imagine.

If Bitcoin's price keeps rising, then it's probable anyone can become a millionaire with 0.01 BTC in the future. Most early adopters will hold more than that, making them multi-millionaires. I wouldn't care that much about the price relative to Fiat, since Bitcoin is all about utility. As long as it does its job well by being a decentralized cryptocurrency anyone can use without restrictions, nothing else matters.

With increasing adoption of Bitcoin worldwide, it's probable we'll end up paying directly in BTC instead of converting it to Fiat (USD, EUR, etc.). If that happens, then everyone in Bitcoin will become extremely wealthy. Who knows how the future will look like with Bitcoin and Fiat in play? Just my thoughts