Will owning 0.01 BTC really make you rich?

[TinaK]

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

The main question was this "Will owning 0.01 BTC really make you rich?" I personally don't believe so even if Bitcoin were to reach $1m, 0.01BTC isn't enough to make you rich even in some third world country however, you cannot really conclude like you did that you know for certain how much Bitcoins price will not reach because if you were asked this question 10 years ago, I believe you would have said that Bitcoin will never get to $68k like the guy in this Post and if for sure people will prefer other Alts to Bitcoin.

When you said it will make you rich which means that's a forever or infinite source of income through bitcoin which is I don't believe that 0.01 bitcoin can sustain to be able to change your financial status and called you rich. That's right, that's not enough amount to accumulate and called you rich, maybe 4-5 bitcoin is enough then the fraction number of bitcoin.

Maybe that's good if you don't have any, not being rich but at least we know we have profited on it, that's enough.

[AakZaki]

Today 0.01 has more than 10 times the value if you look at the price of Bitcoin in 2015. Maybe if the Bitcoin scenario continues as predicted and the price gets more expensive 0.01 is quite a lot. Although I don't think it's rich yet. The future cannot be known but predictable, of course the price of Bitcoin will be more expensive so maybe capital 0.01 it can make you rich. You can use it for trading, currently capital with that total is enough if in the form of USDT.

[bitterguy28]

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I'm not completely sure that the price for 1btc will reach $1mn and the price tag of $100m is already something not real. if bitcoin were accepted as a form of payment all over the world, perhaps 0.01 btc would bring a huge income, but if you really look at it, it is unlikely that something will turn out.

10 years ago if you have ever looked, many people never believed the price of Bitcoin would hit $50k, in fact Bitcoin has crossed $60k

it may take a long time and also 70% of the world's population for Bitcoin to touch $1 million, but I'm sure this will happen in the next few decades

Don't compare the price of bitcoin in 10 years before and the value for the next 10 years more.

Bitcoin will never reach 10 million dollars each so that is not that best interest to compare.

100$ wasn't enough if He invested when the price of Bitcoin at 40k because even when the value runs up to 1 million dollar still that amount will be more than 2000 dollars only

[Farma]

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

yeah, this is a realistic answer. measuring at a bitcoin price of $1 million, nda 0.01 of that is $10k. currently with $10k, we are not rich people, in fact, some people still dare to try new investments with $10k. depending on the thought, whether $10k has made you rich or not. that is if the price of bitcoin reaches a price of $ 1 million.
it's just that holding back is still worth it, maybe for a start. holding 0.01 bitcoins every month might make you rich in the future.

[pinggoki]

I don't think so, 10k USD wouldn't be worth that much by the time bitcoin reaches million dollars because the inflation for many countries is so bad that the only possible thing you can do with that bitcoin or USD if you sold it is to reinvest it. Maybe it might help you in expenses but it won't make you not worry about your daily life anymore.

[AjithBtc]

I don't think so, 10k USD wouldn't be worth that much by the time bitcoin reaches million dollars because the inflation for many countries is so bad that the only possible thing you can do with that bitcoin or USD if you sold it is to reinvest it. Maybe it might help you in expenses but it won't make you not worry about your daily life anymore.

Well said, and with the present value 0.01BTC will be valued around $380. By the time of Bitcoin reaching a million 0.01 would turn to $1000 and if bitcoin reaches $10m what is owned will be valued $10k. In a third world country $10k will help in having a small house and make life little easier if he have a day job. As said rather than making rich it helps in meeting some life needs.

[Nrcewker]

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.

That's a pretty amazing thing to discuss here.
Like literally no one would have ever dreamt that holding 0.01 BTC can make this extremely rich.
Thanks Abiky for raising this discussion.
Now coming to the point, No one has seen the future, neither no one knew that BTC will reach 70k usd when the price was just a dollar.
So my friend everything and anything is possible, just we need to have faith on it.
I am too hoping that one day i will too become reaching by holding my Bitcoins. Though currently, the price situation is comparatively worse.

[Slow death]

the answer to that question and simply never. we have to be realistic the price of bitocin will not increase infinitively, has limit because there will be competition, people will prefer other altcoins that are better than bitcoin. so we have to be realistic about this. there are people who kid themselves thinking that the price of bitcoin will increase a lot to the point of worth a million dollars

it is too large a number. of course, that would be something bad for the growth of crypto. I don't know how much improvement there should be. but getting rich with such a small amount, for now, would of course raise quite a troubling question.

it is definitely something impossible, for people to be rich with that small amount of bitcoin they would have to see the price reach more than 1 million dollars per bitcoin, if you look at the price of bitcoin reach 1 million dollars then we are talking about something impossible. no offense but i don't particularly believe in 1 million dollars per bitcoin

[peter0425]

This is depending on How we look at the word RICH , because if this means increasing in our investments or in our On Hold funds then Yes we will be rich in the future .
but if we are asking about a Million dollar rich? I doubt this will ever happen because for this to become real Bitcoin  price needs to Head up to 100 million dollars things that I think will never happen forever lol.
But maybe if it will be at least 0.1 BTC then chances are there (I Guess) lol

[Abiky]

10 years ago if you have ever looked, many people never believed the price of Bitcoin would hit $50k, in fact Bitcoin has crossed $60k

it may take a long time and also 70% of the world's population for Bitcoin to touch $1 million, but I'm sure this will happen in the next few decades

Of course. Who knew Bitcoin would get this far? Back in the day, 0.01 BTC used to be worth nothing. Now it's worth hundreds of dollars (in USD). Imagine how much it'll be worth once Bitcoin achieves widespread adoption worldwide. It's very likely early holders will reap huge rewards after this happens. Considering that we're now in a bear market, it's the perfect opportunity to stack some more Bitcoin before it's too late. Inflation will lead us towards untold riches faster than you could've ever imagined. Just be patient in order to obtain great results in the not-so-distant future. Just my thoughts

[Chato1977]

Bitcoin is always one of the best and greatest creation of Mankind , this will always breing future and fortune.

so Yes maybe not now but in time, owning 1% of bitcoin will make us  rich.

But I'm lucky not only having 0.01 but larger than that .

[Natalim]

Bitcoin is always one of the best and greatest creation of Mankind , this will always breing future and fortune.

so Yes maybe not now but in time, owning 1% of bitcoin will make us  rich.

But I'm lucky not only having 0.01 but larger than that .

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.

[mo7w]

I think anything is possible in Crypto, the possibilities are endless.

I learnt about Bitcoin in 2016 and it was less than $5k then. Imagine i had invested 0.01 BTC then i would have made ×20 or more now. I thought is if the have the money to invest, invest now and wait to be amazed.

Cryptocurrency is the future, it's never too late to start now.

[Altryist]

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.

Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin.

[oHnK]

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.

Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin.

what you say makes sense, but to get to the position you convey there are still other factors that support or influence these conditions, the term factors are x, y, or z.  One of the factors that can do that is a condition where the price becomes very high and exceeds its ATH so that companies or groups are interested in selling the end high together.

[TheGreatPython]

I think anything is possible in Crypto, the possibilities are endless.

I learnt about Bitcoin in 2016 and it was less than $5k then. Imagine i had invested 0.01 BTC then i would have made ×20 or more now. I thought is if the have the money to invest, invest now and wait to be amazed.

Cryptocurrency is the future, it's never too late to start now.

0.01 x 20 = 0.2 and the price of 0.2 btc at the moment is $7666 dollars. That does not look like a big amount for us to say that we are rich but that is an awesome return for just a small amount of investment.

Right mate, they need to act quick and invest if they have a money so that they do not make the same mistakes that happen with you. They thought 30k to 40k is already a high amount so they do not invest but they only want to make sure that they wont cry once they see the 100k and 300k per btc flying all around their screens. To invest in btc does not mean to buy 1 whole coin but we can invest as small as 0.01 btc, the results are already life changing.

[Pierre 2]

It really depends on how you look into wealth. We are currently measuring wealth through USD or Euros as these are reserve currencies. Although if there is hard convert to Bitcoin in future where everyone uses Bitcoin to price things, Bitcoin may reach status of United States Dollar. I mean that would be huge utopia although everyone will get what I mean. I don't think its possible in near future but for long term - possibilities are endless.

[bitbollo]

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.

Today I read somewhere that the President of El Salvador says something similar. The essence of his words is that there are more than 50 million millionaires in the world, and when everyone of them wants to own one bitcoin, they will not be able to buy even 1 BTC, and in this case, demand will send the price to the moon. There is a reasonable logic in his words, but so far this is not happening, and not all millionaires want to own bitcoin.

I think that 0.01 btc will make us rich, I am pretty confident of that. But the real question is "when". Maybe our sons not directly us will appreciate this aspect, this secondo revolution. It's like another 1000x for something that started from zero.
I mean, we need a lot of time to see this change...  Meanwhile we can appreciate bitcoin for what has been created.
A strong and unique alternative to FIAT money system. This is the real bargain offer that has no price if you know what I mean...

[Chato1977]

Bitcoin is always one of the best and greatest creation of Mankind , this will always breing future and fortune.

so Yes maybe not now but in time, owning 1% of bitcoin will make us  rich.

But I'm lucky not only having 0.01 but larger than that .

Based on the circulation supply, the total is 18,944,831.00 BTC, which means 1% of it is 189,448.31.. that's too much money, you'll be a billionaire already if have to that kind of btc in your wallet. 1 btc is already enough for long term, it will certainly make you rich as bitcoin is destined for success and the demand will increase overtime.

What? we are talking about 0.01 bitcoin , what are you talking here? do you understand that 1% you are talking? a Hero Member that does not know how to understand a short post?
Please next time you quote a post please read clearly before posting .

[btc78]

0.01 btc will make you rich in the future I think 'yes', because we don't know the price of bitcoin in the future can go up or down but I'm optimistic that my bitcoin will give you wealth in the future and hope it's when I really need money

I like your optimism. however, we recommend that you have more than 0.01 bitcoins at the time to be more sure that you have more than $100k. however, we don't know how long we will wait for it. however, even if it is possible, the potential is very small.
well, if you believe with 0.01 bitcoin you can get rich, then I feel that having more than that in anticipation so you can become richer, then collect at least 0.1 bitcoin or even 1 bitcoin for the future.

lol i think the title is misspelled , i believe that it should be 1bitcoin instead of 0.01 hahaha.

because even from the beginning of in the next 10 years that amount will never valued 1 million dollar so how come that this will make a person rich?

remember that at least having a million dollar to be consider rich or elite human nowadays.