Will owning 0.01 BTC really make you rich?

[Kelvinid]

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.

I'd rather have to make use of it to start a business than just hold them. If that went successful, I could really make myself rich but if we just keep it, I don't think so. Because 0.01 BTC is pretty small, maybe if the value of Bitcoin is $1million and having a chuck of 0.01BTC is really hue especially when converted to our fiat money. But what I've said, it never increases if we don't anything. So, there should have an incoming income from 0.01BTC or else, that will only be used for leisure and lose all of them.

[traderethereum]

If someone can have 0.01 btc from a long time ago and he bought that when the price was very low, that will be worth it because if he sells his bitcoin now, he will make a lot of money.
But still, we are never satisfied with what we have and always want more to fill our hunger.
So even if the bitcoin price is at $100k or more, he will feel 0.01 is not enough and want to get more and more bitcoin as he can.
But if the price really hits more than $100k, 0.01 bitcoin is meant for us because that means we will make a lot of money.

[Obito]

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.

Given the ever increasing expenses for daily living everywhere in the world, I don't think that 1 bitcoin is ever enough to be considered rich or even survive for the rest of your life, maybe if it's reached a 100 million in value then probably my statement would be false but for now, it wouldn't be enough.

[oudomopo]

I currently own 0.05 bitcoin so i think it's good enough to make you rich. If you invest $1k in the beginning of 2021, it would be like 2k today. If you are cheap, I would recommend invest 0.01 bitcoin to get the good earnings but it will take time. Right now, bitcoin is on life support and dropped 20k since November so watch out for another dipping.

[nullama]

I currently own 0.05 bitcoin so i think it's good enough to make you rich. If you invest $1k in the beginning of 2021, it would be like 2k today. If you are cheap, I would recommend invest 0.01 bitcoin to get the good earnings but it will take time. Right now, bitcoin is on life support and dropped 20k since November so watch out for another dipping.

Bitcoin is definitely not on life support, it's stronger than ever, it just got it's 13th birthday.

Price fluctuations in the short term are irrelevant.

[batang_bitcoin]

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.

Maybe, depending on the location where you're going to value that 0.01 BTC * $1M. Let's make an example of putting that into $1M and that would be $10K in valuation. If it's in a third world country, that would make you at least financially stable but if we're talking about 1st world countries, that isn't really that much less the taxes. The most important thing to do is don't settle just for 0.01 bitcoin and hope that it will make you rich, the goal is to stack as many bitcoins as you can.

[Chato1977]

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 .

[rodskee]

why make it hard to own 0.01 when we can own more than that?

accumulate more bitcoin now and prepare for the future instead of limiting yourself from having that small amount of bitcoin.

i remember back in 2016-2017  that amount is just a signature payment for full member -senior account here in forum and you are expecting that to bring you to richer in future?

I don't think this will ever valued amount that will make us rich instead at least half a bitcoin is the amount to look at.

[KaliLinux]

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.

Yes for now it might not really seem as much but considering what could happen as you have mentioned, there is no telling how much Bitcoin could be in another 10 years from now, maybe 100X from its current price, and with that, some investors in some countries will definitely become rich but I don't think that will make most rich, so it should be more than Hodling 0.01BTC

[ChrisPop]

If Bitcoin becomes a widely accepted store-of-value asset, I don't see why not. With the rapidly advancing technology the productivity grows at an incredible rate that will produce large amounts of wealth. Heck, the humanity is now trying to expand to other planets as well. Think about all the locked resources we could find on other planets. The universe is abundant, but Bitcoin is so scarce.

0.01 = 1 centibit
21M BTC = 2.1bn centibits

By owning 1 centibit (0.01 BTC) and if we consider an equal distribution of the BTC supply to the 7 billion current Earth population, the net worth of each person should be around 0.3 centibits = 0.003 BTC. So by owning 0.01 BTC you have the wealth of 3 people together in an equally spread world. But that's not true in practice, because wealth concentrates in the hands of those who provide value to the society. So yes, I'd say owning 0.01 BTC could make you wealthy on the long-term.

[cheezcarls]

Anything is possible but always acknowledge the risks and there are no guarantees or promises about getting rich by just owning at least 0.01 BTC. Right now Bitcoin is tumbling somewhere around $42k, so I am kinda looking to buy some when it consolidates for a long while.

[so98nn]

[...]
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 would open up conversation by saying that nothing is impossible. The fact that bitcoin went from few cents to 50K USD in decade of time, its way easy for me to imagine bitcoin going to hundred k or million per btc coin is not that difficult. With the time bitcoin is gonna get deep routed into all the countries with proper infra structure. A time will come when bitcoin would be needed by everyone in a decades time.

Peeps right now are from the crypto generation. The students to teenage to adults to corporates everyone knows bitcoin and they use it or earn it by some means and other.

This is future force will keep the bitcoin going on and will make our dream of 0.01 worth millions.

[andriarto]

considering bitcoin users are still 5% of the world's population, I think you will be able to become rich later. even though later it's not you, maybe your descendants will get financial freedom, where if all countries use bitcoin as the main currency. but no one can predict when it will happen. but what is clear is that your money will grow more than bank interest rates

[mich]

Well since .01 btc is only 1 percent of a full bitcoin I don't think you will be rich in the future just hodling that small amount of coin.
NO better time to stack your bitcoins then during this Bear market.

[Mauser]

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 want to be the pessimist here but 0.01 BTC seems a bit small to become really rich. Of course that could happen in 100 or 200 years, but right now I would not say so. I could understand that 1 BTC might be worth a million USD at one point, but 0.01 seems small. We all should be able to dream of becoming rich, just not rely on it. Let's say we hold 0.1 BTC, then selling 0.09 right now because 0.01 will be enough to become rich is the wrong idea. My own target is to one day own 1 BTC, even then I wouldn't stop and buy more. So I agree with the long term trend of Bitcoins becoming more valuable, just not that valuable. But who knows, maybe I am wrong, being wrong and making more money is never bad.

[pawanjain]

why make it hard to own 0.01 when we can own more than that?

accumulate more bitcoin now and prepare for the future instead of limiting yourself from having that small amount of bitcoin.

i remember back in 2016-2017  that amount is just a signature payment for full member -senior account here in forum and you are expecting that to bring you to richer in future?

I don't think this will ever valued amount that will make us rich instead at least half a bitcoin is the amount to look at.

0.01 BTC won't make us rich any time soon but the logic you have stated is very doubtful.
If you see it from that perspective then we must also keep in mind that people used to get more than 1 BTC for mining with a CPU back in early days.
Those coins come up to a very good amount these days. So we don't know how much 0.01 BTC could be worth in the next 10 years.
Although it might not make us so rich but it might add up to a pretty good amount if the growth of BTC price is exponential.

[Russlenat]

This is very inspiring, right now it's easy to own 0.01 BTC and I could not imagine that will be $1 million in the future of Bitcoin will reach $100 million. The question now is, is it possible for bitcoin to reach $100 million? I don't know but it seems too high and I think $1 million that time will have a lower value compared to the current value due to inflation, so it's just a game of number than of value.

[MIner1448]

I think that our generation, which will invest in bitcoin, will not work out as the previous generation with a price tag of 45-60,000 dollars. Now more and more people are investing in other projects at the start, expecting the same growth from them as from Bitcoin. Bitcoin needs a reset and is attracting fewer and fewer investors due to its very high price tag.

[LogitechMouse]

I don't think so and I don't think that Bitcoin will reach $100M at least until the day I'm still living or not until 2140 when the last Bitcoin will be mined.

Its very hard to see that the main purpose of Bitcoin is slowly vanishing towards the minds of some investors and for the newcomers. They are introducing Bitcoin in a different way. They are introducing it as an asset and not as an currency. An asset that will make you rich but the reality is Bitcoin must be used to buy something without a 3rd party. Well, there is nothing wrong there but at least lets not take out in our minds that Bitcoin really is a currency.

One thing more is that, owning 0.01 BTC and just wait will not make you rich because obviously we still need to work hard and have more income sources in order to become rich. Rich people didn't invest and wait only but they built their own business that made them rich.

[molsewid]

I don't think so and I don't think that Bitcoin will reach $100M at least until the day I'm still living or not until 2140 when the last Bitcoin will be mined.

Its very hard to see that the main purpose of Bitcoin is slowly vanishing towards the minds of some investors and for the newcomers. They are introducing Bitcoin in a different way. They are introducing it as an asset and not as an currency. An asset that will make you rich but the reality is Bitcoin must be used to buy something without a 3rd party. Well, there is nothing wrong there but at least lets not take out in our minds that Bitcoin really is a currency.

One thing more is that, owning 0.01 BTC and just wait will not make you rich because obviously we still need to work hard and have more income sources in order to become rich. Rich people didn't invest and wait only but they built their own business that made them rich.

Actually owning 0.01 will not make you rich not unless the value of bitcoin will reach the minimum of $2M then you can say to yourself that you are a self-made millionaire. Yes, maybe a $100M value of bitcoin will be going to make you rich even by just owning a 0.01btc but as of the moment because of the bear trends and with the current market value of bitcoin of $41.9k is too far from the reality of being rich just by owning a 0.01btc. 1BTC will definitely be a good number to own but this will probably be a long way to go to be able to own this kind of number but I believe everyone can possibly own this kind of number.