Will owning 0.01 BTC really make you rich?

[AakZaki]

~snip~

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.

Of course I think it can happen. If Bitcoin is not dead. If you look at the trade laws that have a limited supply, then of course BTC will be more expensive because of the desire and limited amount. But that's just an analysis that might happen beyond predictions that is purely market-like. Maybe if you just keep it it will take a long time, but if you keep trying to multiply your BTC it could have a shorter chance of making a lot of money. In essence take advantage of the current market conditions, because if you are disappointed to see the past it will not come back again.

[1714294180]

1714294180

[Raflesia]

it all depends on how he manages the 0.01 BTC he has. if it only lasts for 1-2 years, I don't think it will get any bigger in that time. especially if he just started this year. Thinking of getting rich quickly will certainly be difficult.
another possibility, he can exchange his 0.01 BTC. in simple skills should be able to acquire even if small for every day. and that can make the assets owned continue to grow. most importantly he knows when to enter and exit a trade

Things like this also depend on the person's intention to study and do research because indeed if we have 0.01 btc and only hold the coin then we will still benefit but it's a different story when we have 0.01 btc but traded of course this will into 2 possibilities the first is profit and the second is loss because this returns to the research conducted, taking advantage of the existing momentum and being smart in determining the position where we buy and where we sell

[galambo]

Well, i think it is possible to become rich with 0.01btc and hold it for maybe 7 to 10 years from now. And you always have to consider rising prices as time marches on. It is also depend not only on your expecation but also on your age because we dont know what will happen next. Life is unpredictable. So live practically. Its not about being rich, just enough to live comfortably.

There is no way we can predict how crypto market will behave after a week or month. We have to be realistic with our investments, nobody can wait for indefinite period of time to get profit. If I invest today then I expect good return in a year or two, so that I can use it for myself and for my family. Whats benefit of increasing your investment if you cant use it. 

[lovesmayfamilis]

Anyone who thinks that having 400-500 dollars in bitcoins can someday get rich, most likely measured out longevity for themselves. Well, or the concept of wealth for these people is quite modest. I know countries where $500 today is already a lot of money, on which you can live for a long time. But otherwise, such capital is a good fantasy, but it, as it seems to me, will not lead to reality.

[kryptqnick]

I seriously doubt this is going to happen. If the price goes to even half a million, I can't imagine what it would do to the fees, with people buying more or selling while it lasts. This would bring way more attention to Bitcoin, and thus way more transactions. But I also don't think that being a millionaire is necessary for being rich. In my country, you can buy a flat for $50k, so having, say, around $100k, would make you quite rich. But that would still require the price to go well beyond what I consider reasonable, so I'd say that it's a safe bet that owning 0.01 BTC won't make a person rich. Unless, of course, we consider a very poor economy where people live for $3 per day, so having around $1k is considered being rich.

[panukurap]

I agree with you that with just 0.01 Bitcoin coins you can become rich. Bitcoin has great value. Especially if we can make good use of 0.01 Bitcoin. We can invest with the BItcoin and increase its value so we will get more money. But you need to be patient to get the profit, not a day or two Bitcoin will make a profit, you really have to be able to hold your emotions. Don't let you sell it at a cheap price.

[YOSHIE]

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.

Depending on the country that has the lowest currency in the world, it might be rich, but if you live in a slightly developed country, I think the total bitcoin you have is 0.01 Btc, there is no value.

0.01 Btc, even though the price of Bitcoin broke to the level of $100k, not including the rich, if in total with the dollar only $1000 was earned, although, bought 13 years ago, I think it's still far from being a rich person, my opinion by having 0.01 Btc, not a rich person.

If you talk about 0.1 Btc, it might make sense, but still not classified as a rich person, only has $10,000 dollars, 1 Btc, yes, that's top, rich.

Just look here: What can 1 Bitcoin buy in your country?, let alone 0.01 Btc.

[Questat]

I agree with you that with just 0.01 Bitcoin coins you can become rich. Bitcoin has great value. Especially if we can make good use of 0.01 Bitcoin. We can invest with the BItcoin and increase its value so we will get more money. But you need to be patient to get the profit, not a day or two Bitcoin will make a profit, you really have to be able to hold your emotions. Don't let you sell it at a cheap price.

But I don't think how patience will work for all of us. If we are having 1BTC, that seems to be right and really a big money but for just having 0.01BTC? We can just use it all for less than a year or even lower.
What I think is that maybe converting that amount to our fiat money and using it for capital (business), well, that could help a lot. But if we just hold it, we do nothing with them, I can't imagine how it makes us rich. That is really a small amount to say that we become rich.

[VanityWallets2015]

In long term yes. Actually my first goal was to have 1 BTC through trading but I think it's a little bit hard for me so right now I'm into trading and managed to have around 0.01 BTC but compare it to the price now I think it's not enough but Bitcoin is for long term and for sure it will increase in the future so having 0.01 BTC saving was a good idea and probably make you rich in the future.

[doomloop]

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.

This is not a surprise to me because I have seen people where discussing about bitcoin to be valuing 1 billion dollar in next 40 to 50 years of time. So, as per your calculations, people might need 10x lesser growth for bitcoin to be millionaire. When more people to join this crypto space with the plan of saving 0.01BTC for next few decades then bitcoin will test any huge price easily.

0.01 BTC will make you millionaire if you are capable of convincing more people to adopt bitcoin with long term plans (I am not mentioning this by having network marketing in mind but it is all about mass adoption of bitcoin).

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.

Yeah, people who understands the design aspects of bitcoin and its potential will definitely agree about such speculations on huge value of bitcoin.

[Mame89]

Getting rich just by having 0.01 BTC for me is impossible if you just keep it in your wallet and wait for the value of 1 BTC to reach $100 million, how long do we have to wait for that uncertainty, besides the value of a person's wealth is also different, not all can be judged by amount of assets.

[qwertyup23]

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.

Makes sense actually. Remember the times when the denominations and payouts of campaign signatures where around 0.05 BTC/weekly for Jr. Members? Every time a fork happens, its denomination is halved making it more inflationary and more valuable. That is why the value of BTC increases every time a fork happens.

To be honest, owning 0.01 BTC does not automatically make you rich but it does have the potential of giving you large amounts of resources in the future if you HODL it for long-term.

[Baofeng]

Rich as in becoming a crypto millionaire? Nah, I doubt that this amount will be enough though. I think the main goal for us is to really reach that 1 btc in our wallet and I think that will be enough to have a decent savings in terms of fiat. Or if you live in a country wherein the USD value appreciates then probably it can make you a crypto millionaire when the demand of bitcoin shoots in the next 12-16 years or at least 4 halvings.

[marilynmanson21]

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.

I think it's true, because I think the value of bitcoin could be 0, it's not wealth that is given but poverty that is obtained, think more rationally if you take conclusions in action, if you have made a profit, let go of your money in stabelcoin

[amishmanish]

Bitcoin is a currency. Owning a currency will never make you "Rich". Being Rich means you have a lot of diversified assets such that you have steady streams of income which will continue to serve even in your absence.

Owning something like Bitcoin is hardly a claim on future earnings. The "deflation" thesis can only work for so long. And in my opinion, that time has long gone. The people who were meant to get lucky on Bitcoin have already gotten so. Owning it or DCAing into it will no longer make anybody. It is now a source of returns and volatility above average than what other assets can offer.

What Bitcoin will continue to offer is access to knowledge and community that is hard to replicate or find elsewhere. The only way to get rich is work your ass off on all the stuff that keeps popping in 2-3 year cycles around Bitcoin, including Alts, NFTs, DeFi etc etc. Bitcoin gaming could be next. Lightning Network enabled DEXes and leveraged trading could be next.

Stack Sats but don't expect them to make you or anybody else rich. For example, if you are like me and not rich even after being here since 2017, then you are most probably amongst the people who will not just someday "strike" gold. Just do your work, say your prayers and hope that something good will keep coming along your way.

[BIT-BENDER]

Buying and owning 1btc above now already show that you are rich, and had the purchase it, but other than that owning any BTC like 5 yrs before now show you had invested in it when it was low and you had watched it grow so  if you own 0.01 Btc five years ago you would be rich by now, and if you buy same amount today and keep it for the next five year I can vividly assure you that you would be rich, Bitcoin and crypto-currency makes millionaire with time, so all you have to do is buy that amount of Bitcoin right now and hold on to it, your riches would be unlimited.

[sirminesalot]

It depends on where do you live, on american standart being "rich" is when you have networth around 2 mils USD, that means owning that little BTC won't make you rich right now and even in the future.
But from 0.01 BTC could you be rich ? ofcourse yes if you are lucky enough to invest on a hype tokens just like the doge and shiba inu before, but the chance is so small.
Or you are good enough to manage to 0.01 slowly and got stable profits every day, i'm sure you could be rich also

[Abiky]

In theory sky is the limit, hence 0.01 BTC can make you rich somewhere in the future. I can't tell how far (or near?) will that be. People do talk about starting to think in satoshis and what you've presented is 1M satoshi.
Now, it also depends on what one thinks as rich. For some $1M is already there, some may go even lower than that, some may want to buy a $10M mansion as a starter. People are strangely different.

But then, sky may actually not be the limit. Because at this values, one could not send on-chain less than the equivalent of a good number of thousands of dollars, the minimum fee would worth hundreds of dollars already... and the world's fiat/wealth may not be capable to sustain that.

What I mean that there may be a chance that at some point people will get rich having 0.01 BTC, but at that point this amount will no longer be quantified in USD.

If inflation on Fiat keeps rising, then one can easily become "rich" with 0.01 BTC. But that's relative, since Fiat will cost a lot less in the future. Being a "millionaire" by then, would be like being a "thousandnaire" today. We should focus on getting more than 0.01 BTC just to help secure our financial future. 0.01 BTC equals 1m satoshis, so you'd be considered wealthy if "hyperbitconization" becomes a reality. People would start valuing things on satoshis instead, as Fiat loses its luster in the mainstream world. As long as you're able to gain financial freedom with Bitcoin, the rest doesn't matter. Just my thoughts

[romero121]

Holding as a whole seems to make you rich. If the question was asked ten years back, very few might've given a strong positive answer. Now 0.01BTC in today's value is $420. Just think of the same investment ten years back, now you could've turned super rich.

The growth has attained a level, we can't expect much bigger growth to happen beyond this. So, 0.01BTC won't make people rich. Maybe if lucky scenario could change. This is my personal opinion and this doesn't mean to mention anything negative.

[Wawa2013]

In long term yes. Actually my first goal was to have 1 BTC through trading but I think it's a little bit hard for me so right now I'm into trading and managed to have around 0.01 BTC but compare it to the price now I think it's not enough but Bitcoin is for long term and for sure it will increase in the future so having 0.01 BTC saving was a good idea and probably make you rich in the future.

It depends on how we use the 0.01 BTC we have, if we hold it in the long term of course it can make us rich. We can also use 0.01 BTC as capital
for trading, so we will become rich if we can accumulate the profits we make from trading. Then regarding your first goal of having 1 BTC,
you should continue to fight for it until you actually get 1 BTC. As long as you try hard and don't give up, then I believe you can have 1 BTC.
Everyone has the opportunity to be rich, therefore never stop trying, as long as we continue to struggle to make more money then we will get
closer to being rich.