Will owning 0.01 BTC really make you rich?

[n0ne]

The supply of bitcoin is limited to 21million. This means for now 21BTC could make one rich. Having such a number of bitcoin will make one among the million. With just 0.01BTC becoming rich is really an impossible thing for now and for the future. In today's price a single bitcoin can make me rich in my country, but if I spend those bitcoins without doing any job further then it'll get over within two years time.

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[Awaklara]

If we compare the price of Bitcoin a few years ago and now, having only 0.01 BTC will not make us rich because if we pull the current price rate of 300$, the Bitcoin price must be 10x larger than the current price and it will likely take a very long time or never even reach that price so the assumption that only having 0.01 BTC at this time can't make us rich especially just with long-term holding it will take a very long time and it's not worth it.

[blockman]

According to today's price of bitcoin, 0.01BTC is valued to be $300. If we consider the ath price of bitcoin then 0.01BTC will be around $690. The price needs to reach atleast $1m for 0.01BTC to be valued $10000. With this one can have a small house and fulfill few more needs in a third world country, but for the same to happen it takes more years.

And that $10k isn't that much in other countries but sure in many countries, having that $10k will make you look wealthy. But, it's like a one-time ticket that you have to use and spend on better things. You can buy your house maybe like a little one which is gonna make you fulfill a part of your dream but if you're living in a country that has an expensive cost of living, this won't make you rich at all.

Getting rich out of bitcoin is getting harder with time, and in my opinion now it is time to get rich through altcoins.

I'll still hold on to bitcoin that will be the one to give me a better future. Although I've seen too many people that have made their wealth with alts luckily. Yeah, all about luck and choice.

[MommyElsa]

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 believe in bitcoin. I believe that the price will increase more. I will not become rich with .01 btc right now. I am hoping that someday, i will become rich with btc investment.

[Rabi3]

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 if you buy 0.01 btc now you'll get rich at some point, it's too good to be true, back in the day it was possible and some people even did it, but with the high adaption bitcoin has reached it's so hard for it now to go up to $100k without talking about a million or more like you mentioned 100 mil, that's a crazy number that will make bitcoin with a crazy marketcap, it's worth a try tho if you have 0.01 btc laying around, you could get a big interest but to be rich from that is almost impossible now.

[Pamadar]

The supply of bitcoin is limited to 21million. This means for now 21BTC could make one rich. Having such a number of bitcoin will make one among the million. With just 0.01BTC becoming rich is really an impossible thing for now and for the future. In today's price a single bitcoin can make me rich in my country, but if I spend those bitcoins without doing any job further then it'll get over within two years time.

I like that idea, you can use your btc as your investment capital.,

either to continue working with crypto or look for sustainable small business to start and aim for good success using your initial capital.
But if you will just lean with .01btc on this current condition, it can't sustain your needs for a whole month or two.

Making you rich is beyond your actions. Hold or work along with your money. Do have outcomes, either for the best benefits or
for the worse turn around.

[virasog]

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 if you buy 0.01 btc now you'll get rich at some point, it's too good to be true, back in the day it was possible and some people even did it, but with the high adaption bitcoin has reached it's so hard for it now to go up to $100k without talking about a million or more like you mentioned 100 mil, that's a crazy number that will make bitcoin with a crazy marketcap, it's worth a try tho if you have 0.01 btc laying around, you could get a big interest but to be rich from that is almost impossible now.

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.

[lienfaye]

Making you rich is beyond your actions. Hold or work along with your money. Do have outcomes, either for the best benefits or
for the worse turn around.

I agree. Investing in Bitcoin is good but dont expect it can make you rich if you own 0.01 BTC. It can happen in the future but it will take a long years since the current value of 0.01 btc is far from being a millionaire.

However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".

[Cryptmuster]

I agree. Investing in Bitcoin is good but dont expect it can make you rich if you own 0.01 BTC. It can happen in the future but it will take a long years since the current value of 0.01 btc is far from being a millionaire.

However it doesnt mean you cant get rich because there's always a way like accumulating more Bitcoin if you have a capital especially now that the price is cheaper. Strive hard and find a decent job that can maximize your earnings or build a small business. I mean if you wait to become a millionaire for owning 0.01 Bitcoin, it might take you a long years but if you are starting now to reach your goal then you can achieve it fast depending on your effort. Remember the saying "no pain, no gain".

If you are talking about creating your own business, then it is worth saying that you can become rich not only thanks to bitcoin, I mean that you should not invest all the money you earn only in bitcoin. The distribution of risks is also a very important point that can protect your investment. 0.01 bitcoin is probably not enough to be a rich person, need to increase its amount as far as possible.

[Dr.Osh]

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.

well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

[bakasabo]

I believe that by the time holding 0.01 BTC will be enough to be considered as being rich based on todays criteria, everyone else will be having same amount also or the way of life would be so much expensive, that 0.01 BTC will be nothing.

Also rich has a relative meaning. There are people who are followers of asceticism and right now, having 0.01 BTC already means being rich. Sometimes having $1000 is enough to be rich, and sometimes having $1kk is not enough.

[Crptomagma]

I wouldn't say No but then it will be difficult to be rich with just 0.01btc, the possibility is very tiny. In a scale of 1to 100 I think is not even up to 10. So for u to be rich with 0.01btc u you really have to wait for years and even in the waiting you are not assured.

[Desmong]

I think this question could fit in when Bitcoin was around $70K or when it reaches $100k. The market is down now and the worth of a single Bitcoin had depreciated to low for such amount of Bitcoin to make someone rich. Due to the high volatility of Bitcoin, I think we need to also consider the current price so to know the actual price. 0.01 bitcoin can not make me rich at this time of the market. We can consider it capable of the price of Bitcoin goes close to $100k.

[livingfree]

I wouldn't say No but then it will be difficult to be rich with just 0.01btc, the possibility is very tiny. In a scale of 1to 100 I think is not even up to 10. So for u to be rich with 0.01btc u you really have to wait for years and even in the waiting you are not assured.

Truly difficult but it's a step of going there. Someday in the future, even accumulating 0.01 btc is going to be hard just as how hard it is now for the most that aren't living the best of their lives.

There were calculations already and even if the first 7 digits for that, it won't be that big to tell that you've got a fortune.

But we're living in different types of living so that's a fortune for the others.

[stadus]

Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.

I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.

[pawanjain]

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.

well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.

As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.

[Abiky]

Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.

I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.

It all depends on the price. If Bitcoin is projected to go all the way up to $1m, then it's possible you'll have a hefty sum of money in your pocket sometime in the future. 0.01 BTC multiplied by a market price of $1m, equals $10k. To really become rich, you're going to need to hold a lot more Bitcoin in your wallet. That is if BTC will stay within the $1m range. But there's always the possibility it will go even higher in price. As they always say, "the sky is the limit". As long as you're persistent, you'll be on a road towards becoming filthy rich. Just my opinion

[raidarksword]

Who knows what future holds for us and owning such amount is already an opportunity because bitcoin's price surely will grow even more for how many years to come. For many years to come bitcoin supply will decrease even more and all bitcoin will be mined and with that the supply and demand will increase. Those people has hold what ever  the amount will surely benefited to it.

[Pamadar]

There was a time when 0.01 btc was around 30$ and now it is worth 300$. That is 10x  increase in the worth in only 3 to 4 years. Considering this growth rate, we may see 0.01 btc priced at 3000$ in the long term. Even this amount will not make you the richest person in the world but still holding bitcoin as much as possible is beneficial.

well, if you aim to get rich with that value, I think it will be very difficult, even when 0.01 bitcoin is worth $3k, then I don't think it can be assessed as a rich person. however, in the future, the value of the item may go up, and $3k won't be that much.
however, a pretty good value held in the long term is 1 bitcoin. it might actually make you rich in the future. imagine when the price of bitcoin can be worth $ 1 million, then you can become rich with $ 1 million in some countries.

Yeah that's right. Although 0.01 bitcoin is not that much of a big amount right but it is still worth holding it.
As time goes, it will prove to be a worthy amount. It might not make one a millionaire but it might help him get through some large expenses.

As you said, 1 bitcoin is a pretty good amount to hold right now and the chances of 1 bitcoin going $1 million are quite decent enough.
If it does happen then yes one can become a millionaire just by holding 1 bitcoin.

Holding 1 whole Bitcoin is not a joke now, that's a fortune to average people who love to save and hold this asset.

We never know how high the value can reach as until now there are players who continue to work inside the market,
newcomers and experienced traders do have different perspectives, but the goal is the same, they both wanted
to earn and if by then the value of Bitcoin already reached $1M, that .01 BTC is something that you would really love to
have.

[sklopan]

You just need to understand that this is a very small amount. Especially if this amount is just for expenses. For if it is for investment, it may well be a profit, but if it is just for expenses, it will not bring anything positive.