100 bitcoins. Will I be a millionaire by 2020?

[Biodom]

Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  

1.2 billion would be about a third of the marketcap today...

Maybe he is not native english and has mistaken billion with trillion. This would be the case in german for instance.

interesting, so "trillion" is called "billion" in german.
Confusing as heck for US folks.
I see... billion is called milliard(e).
Further, next one after is billiard (10^12), then trillion (10^18 instead of US 10^12).
so european trillion =a million of american trillions

Not all of Europe. Unless I am being a total retard 1000 billion in the UK is a trillion

yeah, probably just continental
I wonder if a bank in France tries to pay a "billion" to UK, someone might get unhappy, LOL

[1715563015]

1715563015

[rjclarke2000]

Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  

1.2 billion would be about a third of the marketcap today...

Maybe he is not native english and has mistaken billion with trillion. This would be the case in german for instance.

interesting, so "trillion" is called "billion" in german.
Confusing as heck for US folks.
I see... billion is called milliard(e).
Further, next one after is billiard (10^12), then trillion (10^18 instead of US 10^12).
so european trillion =a million of american trillions

Not all of Europe. Unless I am being a total retard 1000 billion in the UK is a trillion

yeah, probably just continental
I wonder if a bank in France tries to pay a "billion" to UK, someone might get unhappy, LOL

Well they can send it to me and I guarantee I won't be unhappy no matter if the amount of zeros aren't correct!!

[Amph]

Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  

1.2 billion would be about a third of the marketcap today...

Maybe he is not native english and has mistaken billion with trillion. This would be the case in german for instance.

it must be said that there is the long scale and the short scale, in the long scale 1 billion is 1kkkk in the shor is just 1kkk

they can be confused quite easily, also billion make you think about two million in a row so 1000.000.000.000, but that is actually a trillion in the short scale

[huadylmate]

I don't want to pop your bubble but you will not be a millionaire from just 100btc OP but you obviously have a chance to get $100k Now get saving for 1000butcoins and then you have a nice chance at breaking $1million if that is your desire to break $1million I personally could not care less lol

[gentlemand]

I don't want to pop your bubble but you will not be a millionaire from just 100btc OP but you obviously have a chance to get $100k Now get saving for 1000butcoins and then you have a nice chance at breaking $1million.

So you'd need to pour in $235,000 now for a chance of making $1 mil in five years? Considering the risks, that are still very apparent, I'd want guaranteed odds.

[thebenjamincode]

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

wow! did you really have that many bitcoins?
i hope that bitcoin would be well known by 2020 for it to happen

[randy8777]

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

wow! did you really have that many bitcoins?
i hope that bitcoin would be well known by 2020 for it to happen

hell no. that dude is just talking trash. people who own a lot are quiet about their holdings. people who don't have much are loud while they don't have much. dreamers..

[yefi]

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

wow! did you really have that many bitcoins?
i hope that bitcoin would be well known by 2020 for it to happen

hell no. that dude is just talking trash. people who own a lot are quiet about their holdings. people who don't have much are loud while they don't have much. dreamers..

Registered April 19, 2011? Methinks not.

[gringo1990]

Well with it being at 244$ current I think people will eventually dump again and it will go back down but we atleast hit a new level so it can't go too low. Even CNY has surpassed 1500 per coin, so hopefully it will keep rising....Just gotta roll with them punch's

[mr.coinstrader]

if you make decent profit (and i think you will be able) don´t forget to direct some btc towards charity. it is good for your karma

[lister storm]

since Bitcoin has a golden future (I hope maybe in 5 or 10 years, hopefully sooner) you will be paid very well.

[techgeek]

since Bitcoin has a golden future (I hope maybe in 5 or 10 years, hopefully sooner) you will be paid very well.

and what if did doesnt in the 10 years lol.

bitcoin is still trying to get a new userbase from somewhere, anywhere pretty much at this point.

[franckuestein]

IMAO, there's no need to worry about the current price or where it's going to be tomorrow.
The important thing about bitcoin is its potential, so... everything else will come as time goes on.

[techgeek]

IMAO, there's no need to worry about the current price or where it's going to be tomorrow.
The important thing about bitcoin is its potential, so... everything else will come as time goes on.

Yeah, the price isnt important. But, it just helps to motivate people to help and hold their coins.

I mean I already see being it used constantly for greeces events, with their financial stress of people wanting to move their money fast.

[lissandra]

if you make decent profit (and i think you will be able) don´t forget to direct some btc towards charity. it is good for your karma

karma lol.

people believe the superstitious view of karma? if shit happens shit happens, and as for charity we got plenty of those that non-profits pay themself in other ways. Its a form of business.

[tiggytomb]

There is a chance you could be, there is a chance that money will not matter be it a slim as hell chance but we never know.  I'm holding out for a Star Trek way of trade lol

[gurbar_nakub]

as Satoshi said, you will either be a millionaire or have nothing by 2020

(you can easily find the quote)

when satoshi said like that? i dont know really.
if like satoshi said, 2020 is our real gamble tobe a millionaire or bummer???

[franckuestein]

as Satoshi said, you will either be a millionaire or have nothing by 2020

(you can easily find the quote)

when satoshi said like that? i dont know really.
if like satoshi said, 2020 is our real gamble tobe a millionaire or bummer???

No.
It has nothing to do with price or being a millionaire. What satoshi said is that (s)he's sure that in 20 years there will either be very large transaction volume or no volume.

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

https://bitcointalk.org/index.php?topic=48.msg329#msg329

[elite3000]

I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $5,000 to $10,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have  with you. 500k + 

[ssmc2]

I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $5,000 to $10,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have  with you. 500k + 

I agree except that all that will only take 5 years.