Will owning 0.01 BTC really make you rich?

[ultrloa]

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.

And that is hard to reach since imagine how huge the demand needed before bitcoin could reach at that numbers you said also we should consider the bear market conditions since its a critical events where bitcoin price drops that's why I agree with you or the people other say that 0.01 cannot make you rich since this is only small fraction of bitcoin. Maybe if you own the whole 1 btc maybe its different story to tell in future.

[Kadal Ijo]

Of course this is very dependent on the price of bitcoin, to get rich with 0.01 btc the bitcoin price must reach at least $ 1 billion, the question is is it possible to reach $ 1 billion? the most important thing is that with bitcoin we can get extra money even though it doesn't make us rich.

[adzino]

It can make you rich if the price of bitcoin is worth billions of dollars. So yeah, it will make you (probably dead you) rich but not now. Maybe after decades. Maybe not during your lifetime. But it is the crypto market. So nothing is impossible. Even if you invested on 0.01 BTC a decade ago or when bitcoin was created, you still wouldn't be rich today. But if you had invested back then the amount that is equal to 0.01 BTC today (around $400 USD), you would have already been super rich by now. Keep investing slowly and hold it for long term.

[ReiMomo]

Is it ok for you to wait until just 0.01btc is grown to become rich? Yes when compared to today's price and yes you calculated correctly, bitcoin has to reach few million dollars. If you are ready and able to invest your income to buy 0.01btc now then, just either do trading and double your amount or if you are not comfortable with short term trade, you can go for long term trade as you already planned but as you did now, just keep investing periodically as much as you can and grow your capital. If you do this then yes you will become much richer soon before Btc reaches 2 millions.

[Ziskinberg]

It can make you rich if the price of bitcoin is worth billions of dollars. So yeah, it will make you (probably dead you) rich but not now. Maybe after decades. Maybe not during your lifetime. But it is the crypto market. So nothing is impossible. Even if you invested on 0.01 BTC a decade ago or when bitcoin was created, you still wouldn't be rich today. But if you had invested back then the amount that is equal to 0.01 BTC today (around $400 USD), you would have already been super rich by now. Keep investing slowly and hold it for long term.

If we start an investment and grow our 0.01BTC that seems reliable to make it rich but if we just hold, I'm totally in doubts about it.
I'm not discouraging people to think of becoming rich when investing in Bitcoin as it was their motivation but we also have to bear in mind that it can only be just a dream if we tend not to increase our investment. The price of Bitcoin won't grow that fast and make reach $1million instantly so it is very impossible to make us rich out of this small amount, that was the truth.

[uneng]

In my opinion it's a very exaggerated prediction which doesn't make sense at all even on the most optimistic scenarios. Just imagine the volume of money invested in crypto market needed to push every bitcoin to 100M$ dollars. For this hypothetical situation to happen, I suppose fiat system must completely crashes and be nuked before... Only the total loss of trust in traditional financial system and its alternatives could justify such impact over bitcoin price.

[jossiel]

There's the other thread: Do you guys think 0.1BTC is enough to "make it"?

Well, I think that's more plausible having that amount than what the title indicates. That's 10x more than the example that's given by op on this thread.

Yes indeed owning 0.01btc can make you a millionaire if you can be patient enough to hold on to your coin following the high volatility rate of Bitcoin and how much investors are trooping into Bitcoin causing a high demand in the crypto asset. Achieving this with 0.01btc would determine how patience and discipline you can have when it comes to investment

How long you're going to wait until 0.01 btc becomes a million? Bitcoin has to be $100M/btc for that 0.01btc you're holding to become a million. Not impossible but I think that we're still far from that point.

[Luqman]

Is it really possible to become rich with 0.01 BTC in the future? If not, why?

This question will have no exact answer. Who knows what the BTC price in the future? Although BTC was increasing significantly in the last year, doesn't guarantee to have the same scenario in the future. Having 0.01 BTC won't result in anything if you cannot trade it properly. It only makes you rich if you can sell your BTC when it is at a high rate and meets the category as a huge amount of money.

[Aossl]

I don't think there will be a definite answer to this question. What is the future BTC price? Although BTC has grown significantly in the last year, there is no guarantee that the same will happen in the future. It only makes you rich if you can sell your BTC at a great price and fit the huge sums of money in that category.

[Drnice]

if you look at the past 10 years if you buy bitcoin at 10 $ I think yes. I was rich if I sold bitcoin at 60k$ yesterday, but human nature never feels fast and the ambition to have bitcoin is very high, so no matter how many bitcoins you have, and no matter how much bitcoin you will never be satisfied. at a certain price,
and if we buy bitcoin today it might be said to be a fool to buy bitcoin at a price of 45k $ but let's see in the next 4 years bitcoin will definitely provide the same value if we buy bitcoin today as we bought bitcoin in 10 years ago

I agree with you, no matter how much a man or we humans have, it is never enough.
When BTC was at the price of $10, people who had it when it was at $5 were happy that they made profits, compared to when it became $60+, you'll see that there was a very big difference. Time is majorly everything, and if 0.01btc will get to the point of making one rich, then we will have to patiently wait for it, which could be 10 to 20 years away from now, and at that time, who knows how the cost of transaction fee will look like. Instead of waiting for that time, let's just watch the market and make the profits we can now, buy low sell high and keep moving, cause anything is possible sideways.

[Yamifoud]

I don't think there will be a definite answer to this question. What is the future BTC price? Although BTC has grown significantly in the last year, there is no guarantee that the same will happen in the future. It only makes you rich if you can sell your BTC at a great price and fit the huge sums of money in that category.

Maybe you are right but have we thought before that Bitcoin will become what it reached today, we don't...the same thing what you do now. Maybe I was more optimistic, yeah, I will still predict that Bitcoin will seize more demand than today, and the value increases. And I think the majority in here are still bullish too but to think about what OP had asked, that answer NO.
0.01BTC won't make us rich, not eventually. I can imagine owning more of it and maybe I become rich but this amount is too small to give us millions.

[peter0425]

I don't think there will be a definite answer to this question. What is the future BTC price? Although BTC has grown significantly in the last year, there is no guarantee that the same will happen in the future. It only makes you rich if you can sell your BTC at a great price and fit the huge sums of money in that category.

This is answerable by NO , 0.01 BTC? do you really believe that Bitcoin will have a value of 10 million or hundred million dollars in the future? because that is all what we need for this to make us rich.

but if bitcoin will make a value of 1 million dollar this 0.01 bitcoin would be 10,000$ amount that still lower to our living condition.

[bitterguy28]

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.

Yep , having more bitcoin is much better than keeping that 0.01btc. I Myself tries to invest and keep more bitcoin little by little that will stand as holding for more years, i even separate my permanent holding than my normal Holding(Long Term actually) and i will keep adding as long as i am capable of taking or accumulating bitcoin (and of course couple of altcoin as well)
maybe in 5-10 years , my permanent holding will valued x10 or more lets see what happens then .

[Abiky]

In my opinion it's a very exaggerated prediction which doesn't make sense at all even on the most optimistic scenarios. Just imagine the volume of money invested in crypto market needed to push every bitcoin to 100M$ dollars. For this hypothetical situation to happen, I suppose fiat system must completely crashes and be nuked before... Only the total loss of trust in traditional financial system and its alternatives could justify such impact over bitcoin price.

Inflation will lead us there faster than you could ever imagine. The more money governments print, the higher Bitcoin's price relative to Fiat will be. You will essentially become a "millionaire", but not rich. After all, people's perception about the wealthy will change after inflation. This means that being a millionaire in the future will be no different than being a "thousandnaire" today. Instead of "hodling" 0.01 BTC just to sell at a higher price in the future, one should accumulate more Bitcoin to achieve financial independence. It's all a matter of increasing your purchasing power in order to be able to buy as many things as you can in the mainstream world.

With how fast the US Dollar (and other national currencies are declining), we might be able to see one Bitcoin valued at $100m. Only then, people with 0.01 BTC will become millionaires. Ultimately, it's all about "hyperbitcoinization". If all (or most) countries worldwide adopt Bitcoin as legal tender, then things will be valued in terms of satoshis, effectively making you rich. As long as Bitcoin survives for generations, nothing else matters. Just my thoughts

[Rigon]

0.01 BTC is an amount according to current prices. This 0.01 BTC can give you good profit after 10 to 20 years.You have to wait long enough for this. But if you hold 1 BTC then you are expected to get it in one to two years.

[davis196]

Owning 0.01 BTC won't make you rich,because:
1.The Bitcoin price will never hit 100 million,10 million or even 1 million USD.
2.Bitcoin wasn't supposed to be a "golden ticket" to wealth.Satoshi didn't create Bitcoin for this purpose.

I'm wondering why are you asking this question.
Do you think that being rich is the main purpose of life?Do you think that your life will have a meaning,after you hit a certain level of wealth,when you could afford luxurious things?I don't think so...
What is your definition of being rich?Having a bunch of high value assets and doing nothing all day long?
A person with a meaningful life is more wealthy than a millionaire/billionaire with a meaningless life.

[Rufsilf]

0.01 BTC or $400 is definitely not that much and certainly ain't going to make you rich now as for every bitcoin is valued $41.9k as of today.
And even if you live in some underdeveloped nations or some parts in Asia, that 0.01 BTC won't be enough for you to live and eat for atleast a month. So, for now it won't make you live like a king, perhaps it could make you one if the value starts to plunge at $1M or more.
But in other perspective, that value will be enough to start a small business and could eventually make you rich if you can manage it well.

[Sirait]

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.

5 years ago if we thought Bitcoin would go to $100k then many people would mock and say we are crazy, but now I believe Bitcoin to $1 million is not a crazy prediction anymore. With the number of Bitcoins circulating only 21 million coins worldwide, it is possible that in the next few decades the price of Bitcoin will exceed $1 million per BTC.

[AakZaki]

0.01BTC or less can make someone richer, depending on how they manage it. if it is used as trading capital and continues to profit, it will certainly reach 1BTC. all depends on how to do management with any capital. people with a BTC amount of more than 0.01 may just be poorer, because they can't manage it. in crypto anything can happen in an instant.

[Zanab247]

It will not make you rich because the price of bitcoin has dropped since last year 2021. 0.01BTC cannot help you to live well like the way rich men are enjoying their life with huge amount of money in their wallet. Many crypto investors have more than 200 BTC in their account but they are not counting their selves among the rich men in the community.
Owning 0.01BTC will take time for the person to become rich because the amount is like $400k and it will take a long time for the money to improve. Investing $400k with bitcoin, since the price has dropped to $40k and in less than 2 years the person can become rich when the price hit $80k.