100 bitcoins. Will I be a millionaire by 2020?

[picolo]

how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?  

dreamers dream big.. in total denial of how the world works.

Right, totally unpossible to go 50x in 5 years....

Dude, we went up more than that in 1 year !

yes but that happened in the growth and recognition stage.  before it was even useful for anything.  10k for a pizza.  we are way past that now.  growth will be gradual not exponential.

That also happened 2 years ago, when a pizza was 1 or 0.01 BTC (depending on the start or end).  I realize exponential growth can t continue forever, but bitcoin is still tiny.

Bitcoin is not tiny but x10 or x100 is possible if Bitcoin is more adopted.

[galbros]

Sure, why not.  As others have pointed out, either bitcoin will be successful and it will be worth something or some flaw no one has found yet or other issue will emerge and it goes to zero.

In December 2013 the advances were so crazy that I think everyone thought 10K per coin was doable.

The question is, if it goes to $5000 USD, will you still hold or take some off the table?

[thejaytiesto]

how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?  

dreamers dream big.. in total denial of how the world works.

Right, totally unpossible to go 50x in 5 years....

Dude, we went up more than that in 1 year !

yes but that happened in the growth and recognition stage.  before it was even useful for anything.  10k for a pizza.  we are way past that now.  growth will be gradual not exponential.

Do the math...

https://www.youtube.com/watch?v=Lge4A1o1ixo

this guy breaks it nicely. Just look at the marketcaps of other decentralizing apps and compare it with bitcoin and what bitcoin aims (to become the 1st payment system electronically).

[NotHatinJustTrollin]

how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?  

dreamers dream big.. in total denial of how the world works.

Right, totally unpossible to go 50x in 5 years....

Dude, we went up more than that in 1 year !

yes but that happened in the growth and recognition stage.  before it was even useful for anything.  10k for a pizza.  we are way past that now.  growth will be gradual not exponential.

Do the math...

https://www.youtube.com/watch?v=Lge4A1o1ixo

this guy breaks it nicely. Just look at the marketcaps of other decentralizing apps and compare it with bitcoin and what bitcoin aims (to become the 1st payment system electronically).

David Seaman is a fool. lol

Do you know him? Do you know the ridiculous bullshit he posts on twitter every month?

[picolo]

Sure, why not.  As others have pointed out, either bitcoin will be successful and it will be worth something or some flaw no one has found yet or other issue will emerge and it goes to zero.

In December 2013 the advances were so crazy that I think everyone thought 10K per coin was doable.

The question is, if it goes to $5000 USD, will you still hold or take some off the table?

If he starts cashing out only at 5000 USD per coin it's good but what will happen when he will need money and the price is 1000$ per coin or 700$ per coin?

[ajareselde]

how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?  

dreamers dream big.. in total denial of how the world works.

Right, totally unpossible to go 50x in 5 years....

Dude, we went up more than that in 1 year !

yes but that happened in the growth and recognition stage.  before it was even useful for anything.  10k for a pizza.  we are way past that now.  growth will be gradual not exponential.

Do the math...

https://www.youtube.com/watch?v=Lge4A1o1ixo

this guy breaks it nicely. Just look at the marketcaps of other decentralizing apps and compare it with bitcoin and what bitcoin aims (to become the 1st payment system electronically).

David Seaman is a fool. lol

Do you know him? Do you know the ridiculous bullshit he posts on twitter every month?

Even a blind chicken will find corn bean eventualy, so dont judge what he says by rest of his posts.
Current market cap is bull and its obvious, but its bull from one sole reason, and that is current problem with banks banning bitcoin related accounts.

When(if) this comes to an end, bitcoin will double, which will spark next bubble, then you will have bitcoin reward halvings that will also induce
buying trend... its just a matter of time, and those who can wait will surely profit nicely, in the end, you are on bitcoin forum for a reason, and it surely isnt coz u
dont think bitcoin has a future, right ?

[Brewins]

Wait for the next two halving. I'm predicting price to go up drastically after that period.

either price goes up, like happened in the last halving, or mining starts to collapse like happened with doge. I don't think mining will remain profitable if prices stay in the $200 range but reward halves

[picolo]

Wait for the next two halving. I'm predicting price to go up drastically after that period.

either price goes up, like happened in the last halving, or mining starts to collapse like happened with doge. I don't think mining will remain profitable if prices stay in the $200 range but reward halves

I think mining will still be profitable for some mining businesses if the price stays at 200$ and we have the reward halv because there is still enough time to build cost effective equipement until then but the price will likely be higher than 200$ per coin by that time.

[CoinCidental]

yes.. 10K by 2020 is possible... It could be a bit longer though... just sit tight and HODL!

if everyone just hodl's the price will stagnate
people are afraid to spend a  btc today  in case it "goes to the moon tomorrow "

they dont understand that for it go to the moon ,you need to keep spending it

if i buy a coin for $300 and the next day its worth $200 do i spend it or wait until it goes back to $300 or more ?

you should spend it at $200 and use cash to get a new one for $200

thats how the value will go up and your remaining bitcoins will have a higher price in the future

everyone can not sit and hodl and expect the value to raise by magic ,it makes no sense ........

mt gox pumped that crazy spike up to $1200 with fake trades ,there is too many people watching so that shit  isnt going to happen again

[Brother Darkness]

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

I think 100 bitcoins would be a good number to hold and if bitcoin goes mainstream you will have done very well, but 20k per coin seems very high, though not impossible. I can't see it ever becoming worth more than a few thousand but I hope I'm wrong.

[600watt]

how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?  

dreamers dream big.. in total denial of how the world works.

Right, totally unpossible to go 50x in 5 years....

Dude, we went up more than that in 1 year !

yes but that happened in the growth and recognition stage.  before it was even useful for anything.  10k for a pizza.  we are way past that now.  growth will be gradual not exponential.

That also happened 2 years ago, when a pizza was 1 or 0.01 BTC (depending on the start or end).  I realize exponential growth can t continue forever, but bitcoin is still tiny.

Bitcoin is not tiny but x10 or x100 is possible if Bitcoin is more adopted.

currently bitcoin would be found on page 17 of a 20 page list of the global top 2000 companies (market cap). somewhere between "crown holdings" and "kesko group"

http://www.forbes.com/lists/2006/18/06f2000_The-Forbes-2000_MktVal_17.html

[Frijj]

I think if you were going to become a millionaire with that sum of bitcoins it would happen long before 2020 if it was actually going to happen. Bitcoin may have been and gone by that time or something better may arrive on the scene. I think it's worth hodling 100 btc till then though.

[CoinCidental]

I think if you were going to become a millionaire with that sum of bitcoins it would happen long before 2020 if it was actually going to happen. Bitcoin may have been and gone by that time or something better may arrive on the scene. I think it's worth hodling 100 btc till then though.

if it took this long  (5-6 years )to get  btc into a few stores it will take one hell of an alt coin to derail it before 2020

i think its impossible ,by 2020 btc will be  unbreakable

the 600-700+ shitcoins will pump ,dump die ,rinse and repeat .......

[Mellnik]

the 600-700+ shitcoins will pump ,dump die ,rinse and repeat .......

Perfect scenario to generate profit.

[CoinCidental]

the 600-700+ shitcoins will pump ,dump die ,rinse and repeat .......

Perfect scenario to generate profit.

for the handful of  creators ,yes
theyre making money from thin air

for everyone who "invests" in the pump but misses the dump doesnt get any profits ,they incur losses
or theyre left with a pile of coins that have no value ........

its probably the same bunch of scammers making ,pumping and dumping most of the alt coins

[HarmonLi]

If all goes right, you won't even need 100 BTC to be a millionaire! If everything goes well, you  may just need a single coin to retire and live off your money. That being said, no one knows where we're going from here, really. I think mainstream-adoption is still far away and we may fail to reach it ever.

[thejaytiesto]

the 600-700+ shitcoins will pump ,dump die ,rinse and repeat .......

Perfect scenario to generate profit.

for the handful of  creators ,yes
theyre making money from thin air

for everyone who "invests" in the pump but misses the dump doesnt get any profits ,they incur losses
or theyre left with a pile of coins that have no value ........

its probably the same bunch of scammers making ,pumping and dumping most of the alt coins

You have to buy when the coin is literally dead. Then hope it ever gets pumped again, and you dont know if you will be able to sell all that you buy.
It's a gamble.

[UnDerDoG81]

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

Possibly, but what will $10,000 buy you then? A loaf of bread?

they said the same thing in 90 year, about 2010-2015 years, and guess what, nothing has change

So you think they can print more and more money every year and everything will still be cool? The usa needs another WW (thats why they messed up Ukraina). Otherwise the us dollar will be worthless sooner or later.

[finnile]

If all goes right, you won't even need 100 BTC to be a millionaire! If everything goes well, you  may just need a single coin to retire and live off your money. That being said, no one knows where we're going from here, really. I think mainstream-adoption is still far away and we may fail to reach it ever.

We would have the trolls become millionaires too. Too many millioniares maynot be good for the economy.

[gentlemand]

If all goes right, you won't even need 100 BTC to be a millionaire! If everything goes well, you  may just need a single coin to retire and live off your money. That being said, no one knows where we're going from here, really. I think mainstream-adoption is still far away and we may fail to reach it ever.

We would have the trolls become millionaires too. Too many millioniares maynot be good for the economy.

I would've thought most trolls are either failed early adopters, paid shills, or flat out internet psychos/ aggravators with very little to their name.