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Author Topic: Will owning 0.01 BTC really make you rich?  (Read 2713 times)
Cryptomiles1
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June 08, 2022, 01:24:01 PM
 #261

Even if 0.01BTC would make someone Rich them we expect to be 15 years time or more, but there is no possibilities of a BTC would worth $1m so. Owning about 5 to 10BTC would have been a greater chance to be come richer than .01BTC.
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June 08, 2022, 01:30:10 PM
 #262

Well, in the long term Bitcoin will probably maintain or even increase its purchasing power.

Fiat on the other hand will most probably continue to depreciate through inflation.

When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.

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pawanjain
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June 08, 2022, 01:46:31 PM
 #263


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.

Yes ofcourse. At the same time, it would be easier for a person to accumulate 1 bitcoin right now while it is cheaper than when it has already reached  a price of $1 million.
Although it is a huge amount for many people including me but it is still achievable.
I personally think, ANY amount that we hold in bitcoin is worthy to hold it for a long term because bitcoin is so precious.
There are no limits to it. We never know how high it can go and so it's best to accumulate as much as possible.

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June 13, 2022, 02:55:58 AM
 #264

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.
Depends if how much you invested in btc. If ever btc reached 1m but you only invested 0.01 btc then I don't think you will be rich from the profit that you will be getting but it can be decent profit already. To get rich will also depend on the country you are living and also in your standards. If you are in a poor country but your standards are high then you might be needing more than 0.01btc for you to feel that you are truly rich.

Your account is legendary and you are also enrolled in a campaign. If only you have been saving your btc since the start, you already surpassed your target and maybe have lots of btc now but it's not too late yet, you still have a time as long as btc value is still low.
Pamadar
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June 13, 2022, 03:54:25 AM
 #265


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.

Yes ofcourse. At the same time, it would be easier for a person to accumulate 1 bitcoin right now while it is cheaper than when it has already reached  a price of $1 million.
Although it is a huge amount for many people including me but it is still achievable.
I personally think, ANY amount that we hold in bitcoin is worthy to hold it for a long term because bitcoin is so precious.
There are no limits to it. We never know how high it can go and so it's best to accumulate as much as possible.

We never know what the future will be with our investment. The longer it takes, the better.

Everything depends on how you believe and how you can manage the volatility, .01 or 1 BTC in the long run
if Bitcoin succeeds and reached million in value, it surely gives you the profits that you always wanted to have
keep working and saving, just skip some time in looking at your portfolio, especially during this kind of
momentum.
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June 17, 2022, 01:25:31 AM
 #266

Well, in the long term Bitcoin will probably maintain or even increase its purchasing power.

Fiat on the other hand will most probably continue to depreciate through inflation.

When comparing 0.01 BTC and the equivalent in fiat, I know what I want to hold in 10, 20, and more years.

It's been shown from time to time that Bitcoin outperforms Fiat. Owning 0.01 BTC now could lead you with plenty of cash in the long run. You can even accumulate more than that for true peace of mind. Only a fool will sell Bitcoin when prices are going down the drain within a short period of time (except if you need the cash right away, of course). The higher the mainstream adoption for Bitcoin, the higher its price will be. Governments are already joining the Bitcoin bandwagon (eg: El Salvador, Central African Republic) so it should only be a matter of time before "hyperbitcoinization" becomes a reality. Who knows what the future holds for early adopters of BTC like us? Just my thoughts Grin

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June 23, 2022, 06:45:26 AM
 #267

Though bitcoin is experiencing a dip, it still has a value which will recover in future.
Investing in such a small fraction of bitcoin is also worthwhile due to the high price of one bitcoin.
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