100 bitcoins. Will I be a millionaire by 2020?

[1Referee]

It is possible for bitcoin to be $10,000 in 2020.

possible yes, but very unlikely if massive adoption does not happen.

Right, but we can't force people to use Bitcoin. Mass adoption will come through slowly.

Launching certain useful services for people in third world countries might boost things considerably.

[mrhelpful]

Well having 100 bitcoins depends on if the value rise over a period time constantly, and not drop a significant amount.

And that value is never going to hit that low value ever again, so technically the answer would be is no.

Because the value can have the option to go down, if you hold the coins then sell out your chance at a million is possible.

[ekissane]

just keep them on paper wallet, not on exchange.

https://bitcointalk.org/index.php?topic=994059.msg10804553#msg10804553

There's no way I'd keep them on an exchange!  Friend of mine lost 70BTC on MtGox even though I was warning him for weeks beforehand.

[Amph]

It is possible for bitcoin to be $10,000 in 2020.

possible yes, but very unlikely if massive adoption does not happen.

we are rising by 0.15 cent a day(based on some simply calculations, starting from end 2009  or january 2010) , from here to 2020 there are 5 years, this mean that at this current rate, we can just double in price...

not looking good...

just keep them on paper wallet, not on exchange.

https://bitcointalk.org/index.php?topic=994059.msg10804553#msg10804553

There's no way I'd keep them on an exchange!  Friend of mine lost 70BTC on MtGox even though I was warning him for weeks beforehand.

better to keeps them on another cold storage and encrypt it, paper wallet are less secure than an encrypted wallet

there is a thread talking about it

[DeadCoin]

No. You will be a laughing stock.

[ensurance982]

Well having 100 bitcoins depends on if the value rise over a period time constantly, and not drop a significant amount.

And that value is never going to hit that low value ever again, so technically the answer would be is no.

Because the value can have the option to go down, if you hold the coins then sell out your chance at a million is possible.

That's one of the mistakes a lot of people keep in making. You actually have to realize your profits in order to make a profit. Some people just keep on piling up on Bitcoins, gold, stocks, whatever. But not realizing them means you never actually profited. It's strange, but true.

[Amph]

Not a chance, Bitcoin will go below 100 in 2015, below 50 in 2017 and disappear in 2018. Meanwhile RippleLabs will control the world. BUY XRP NOW !

xrp are doomed they have no chance to grow, you know that they pay their employers salary with it? it can't grow ever, get over it

bitcoin on the other hands, has immense potential, it just need to suck more money from fiat, in other words more buyers and less dumpers

[Gyfts]

This has been argued to hell and as the first reply said, Satoshi is even unsure about the matter. I think Bitcoin is too unstable to become 10k per coin. We've seen it sky rocket before and it's collapsed because it can not self sustain itself of a price so high. Hypothetically if it did reach that, imagine the exchanges that could possibly collapse. Instead of a hundreds of thousands being lost, multiple millions will be lost. Every type of hacker would want a piece of it.

[ssmc2]

This has been argued to hell and as the first reply said, Satoshi is even unsure about the matter. I think Bitcoin is too unstable to become 10k per coin. We've seen it sky rocket before and it's collapsed because it can not self sustain itself of a price so high. Hypothetically if it did reach that, imagine the exchanges that could possibly collapse. Instead of a hundreds of thousands being lost, multiple millions will be lost. Every type of hacker would want a piece of it.

That's not Bitcoin being unstable, that's instability related to infrastructure. With regulated, insured exchanges and better security in place for wallet software, i.e. multisig and multi-factor authentication by default, your points are moot.

[gentlemand]

This has been argued to hell and as the first reply said, Satoshi is even unsure about the matter. I think Bitcoin is too unstable to become 10k per coin. We've seen it sky rocket before and it's collapsed because it can not self sustain itself of a price so high. Hypothetically if it did reach that, imagine the exchanges that could possibly collapse. Instead of a hundreds of thousands being lost, multiple millions will be lost. Every type of hacker would want a piece of it.

The existence of exchanges that actually aren't shit or run by children or thieves will be a major factor in pushing the price to that level. It will never happen without places that are bulletproof and accountable.

I'm pretty amazed it got to where it has with the wretched history of exchanges.

[BitmoreCoin]

Maybe in 2025.

[randy8777]

This has been argued to hell and as the first reply said, Satoshi is even unsure about the matter. I think Bitcoin is too unstable to become 10k per coin. We've seen it sky rocket before and it's collapsed because it can not self sustain itself of a price so high. Hypothetically if it did reach that, imagine the exchanges that could possibly collapse. Instead of a hundreds of thousands being lost, multiple millions will be lost. Every type of hacker would want a piece of it.

The existence of exchanges that actually aren't shit or run by children or thieves will be a major factor in pushing the price to that level. It will never happen without places that are bulletproof and accountable.

I'm pretty amazed it got to where it has with the wretched history of exchanges.

i really can't see it changing any time soon unless there will be a totally different kind of exchange getting rid of all current sloppy exchanges. at this point we don't have much choice.

[pereira4]

No. You will be a laughing stock.

Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again.

[futureofbitcoin]

No. You will be a laughing stock.

Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again.

going from 220 to 1200 in 5 years is not all that great an investment.

[JayCoDon]

More money needs to get into bitcoin for the volatility to decrease. When the volatility decreases, merchants will start to use it more. When that happens, demand will rise. Supply stays constant or drops. Price rises.

Now where to get that more money ... Oh yes, Wall Street. One VC I spoke with told me, "there's not a single hedge fund that doesn't have bitcoin on its white board." They want to invest; they're ready to invest. They just need the correct tool. And I think those tools are coming. When that happens, price is going to stabilize, and I think grow.

[Dilla]

Yea probably before 2020 if you sell at the next, or second next bubble.

[thejaytiesto]

No. You will be a laughing stock.

Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again.

going from 220 to 1200 in 5 years is not all that great an investment.

Nobody said it would be easy. New technology is prone to suffer from bubbles, which shake off weak non long term hands. Buying at 1k or 200 will seem irrelevant in 10 to 20 years.

[futureofbitcoin]

No. You will be a laughing stock.

Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again.

going from 220 to 1200 in 5 years is not all that great an investment.

Nobody said it would be easy. New technology is prone to suffer from bubbles, which shake off weak non long term hands. Buying at 1k or 200 will seem irrelevant in 10 to 20 years.

Not sure what you said has anything to do with my post... care to explain?

I'm saying that if bitcoin only reaches ATH in 5 years, by the end of 2019, I would be very disappointed. It would most likely mean that bitcoin will never go mainstream. I definitely wouldn't kill myself for a mere 6x increase in 5 years, as many, many things in this world can make such a return or a better return on investment that are MUCH less risky.

[manselr]

No. You will be a laughing stock.

Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again.

going from 220 to 1200 in 5 years is not all that great an investment.

Nobody said it would be easy. New technology is prone to suffer from bubbles, which shake off weak non long term hands. Buying at 1k or 200 will seem irrelevant in 10 to 20 years.

Not sure what you said has anything to do with my post... care to explain?

I'm saying that if bitcoin only reaches ATH in 5 years, by the end of 2019, I would be very disappointed. It would most likely mean that bitcoin will never go mainstream. I definitely wouldn't kill myself for a mere 6x increase in 5 years, as many, many things in this world can make such a return or a better return on investment that are MUCH less risky.

Im really interesting to hear what those investing alternatives that would deliver a better result than BTC are.
In any case, by 2020 it should be indeed higher, way higher than the last ATH.

[futureofbitcoin]

No. You will be a laughing stock.

Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again.

going from 220 to 1200 in 5 years is not all that great an investment.

Nobody said it would be easy. New technology is prone to suffer from bubbles, which shake off weak non long term hands. Buying at 1k or 200 will seem irrelevant in 10 to 20 years.

Not sure what you said has anything to do with my post... care to explain?

I'm saying that if bitcoin only reaches ATH in 5 years, by the end of 2019, I would be very disappointed. It would most likely mean that bitcoin will never go mainstream. I definitely wouldn't kill myself for a mere 6x increase in 5 years, as many, many things in this world can make such a return or a better return on investment that are MUCH less risky.

Im really interesting to hear what those investing alternatives that would deliver a better result than BTC are.
In any case, by 2020 it should be indeed higher, way higher than the last ATH.

I don't understand why people can't read. I said many things makes more than 6x in 5 years, refering to the first post I quoted in saying that bitcoin will reach its ath at the end of 2019. I'm saying to investors, his scenario isn't even an attractive one, let alone one that would make people "kill themselves" for not investing. Has nothing to do with BTC in general.

Too many people think too small. There's that thread in the main discussion about what you would do if btc reaches $1000 again. less than 5x increase, big deal, unless you are investing millions.