100 bitcoins. Will I be a millionaire by 2020?

[josephliton]

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

The short answer: yes, You will be very rich and a millionaire with 100 Bitcoins in year 2020.

[Joe200]

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

[Biodom]

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

The short answer: yes, You will be very rich and a millionaire with 100 Bitcoins in year 2020.

In most of US, $1 mil is not a level where you can call yourself rich due to high prices of RE and low bond yields.
Right now, "rich" is probably at or above $5 mil (levels allowing for ~$200 thou/year income with low risk)

[Skinnyman]

It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).

[Biodom]

It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).

100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.

[mrhelpful]

It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).

100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.

Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.

Similar to going to a casino going all-in and losing on one hand.

[futureofbitcoin]

It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).

100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.

Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.

Similar to going to a casino going all-in and losing on one hand.

going to a casino and going all-in is actually a lot better strategy than trying to "beat" the house with strategies like martingale. In the first, you have almost a 50% chance of winning. In the second, your chance of winning will tend to 0% the more you play.

[techgeek]

It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).

100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.

Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.

Similar to going to a casino going all-in and losing on one hand.

going to a casino and going all-in is actually a lot better strategy than trying to "beat" the house with strategies like martingale. In the first, you have almost a 50% chance of winning. In the second, your chance of winning will tend to 0% the more you play.

I wouldnt even try to gamble period. But thats just me.

Martingale is a failed concept, youre trying to beat the houses bankroll. And getting 7 losing streaks happen quite often which is why it wont work.

[Natalia_AnatolioPAMM]

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

good advice

[hasiramasenju]

maybe yes if the price goes to $10.000 we never know what happen to the next 5 year and if you so sure for this hold you bitcoin until 2020
and see what happen in that year...

[pooya87]

honestly i don't think we can reach prices above $10000 by 2020 so you can be a millionaire by 2020 by holding 100 BTC.
i think the bitcoin price is going to be much more that what it is right now but to reach a ridiculously high price i think it is not possible. and i personally prefer to do different stuff with my money rather than keeping it hold up in somewhere and not spending it.

[Bagatell]

honestly i don't think we can reach prices above $10000 by 2020 so you can be a millionaire by 2020 by holding 100 BTC.
i think the bitcoin price is going to be much more that what it is right now but to reach a ridiculously high price i think it is not possible. and i personally prefer to do different stuff with my money rather than keeping it hold up in somewhere and not spending it.

Do you have anything to give credence to you thoughts?

I think you're wrong because:

https://bitcointalk.org/index.php?topic=130619.0

https://bitcointalk.org/index.php?topic=720179.0

https://bitcointalk.org/index.php?topic=720179.0

[gentlemand]

Do you have anything to give credence to you thoughts?

No one ever does that. It would be nice once in a while to have some properly reasoned replies in either direction but I think it's beyond the means of most.

[OgNasty]

I think a market cap of 8-20 billion is appropriate for the current market ($380-$952 BTC).  I think if paypal/ebay/amazon start accepting it, you could make the case for an 80 billion dollar market cap ($3,800 BTC).  If investors begin to embrace the coming ETF and companies like Walmart start accepting it, you could probably make a case for a 200 billion dollar market cap ($9,500 BTC).  If small countries start using it as their national currency and organizations like OPEC use it to price their products, you could see >400 billion dollar market cap (>$19,000 BTC).  I personally think it will continue to grow until it settles in somewhere around an 80 billion dollar market cap for a while.  My $0.02.

I posted this about a year ago, but I think it is still relevant.

[Biodom]

I think a market cap of 8-20 billion is appropriate for the current market ($380-$952 BTC).  I think if paypal/ebay/amazon start accepting it, you could make the case for an 80 billion dollar market cap ($3,800 BTC).  If investors begin to embrace the coming ETF and companies like Walmart start accepting it, you could probably make a case for a 200 billion dollar market cap ($9,500 BTC).  If small countries start using it as their national currency and organizations like OPEC use it to price their products, you could see >400 billion dollar market cap (>$19,000 BTC).  I personally think it will continue to grow until it settles in somewhere around an 80 billion dollar market cap for a while.  My $0.02.

I posted this about a year ago, but I think it is still relevant.

yeah, if we will overcome (or not) the current fight re blocksize.

[kenbytes]

You are buying your future wealth right now for a fraction of its price

[Anirban Sarkar]

100 bitcoin ..!!!! a dream to me.!!! Surely if one get 100 bitcoins then he would definitely be a millionaire

[Bitcoin Explorer]

Only risk what you can bear to lose. If you're willing to risk it(considering your can sustain yourself through other sources of income), it may be worthwhile, but as someone already mentioned, by 2020, you can either become a millionaire or have literally nothing.

[ssmc2]

Only risk what you can bear to lose. If you're willing to risk it(considering your can sustain yourself through other sources of income), it may be worthwhile, but as someone already mentioned, by 2020, you can either become a millionaire or have literally nothing.

Exactly. Don't go selling your house for bitcoin (unless you have another one ) But it's certainly a good bet to at least put your discretionary income into it.

[Natalia_AnatolioPAMM]

It is my goal to get 100 bitcoins then hodl for between 3-5-10 years. I just hope bitcoin stays low enough for a couple of years so I can get as many as I cam.

You need 800 coins. See the discussion here: https://bitcointalk.org/index.php?topic=946938.0 . Depending on your assumptions about the future, you might need as little as 8 coins. But why take the risk? :-)

Interesting read, but personally I think someone would need more. I guess it depends how long someone is willing to wait for bitcoin to hit the mainstream (if that happens).

100 btc right now is equal to a midrange car. If i was to make a choice, i would definitely buy btc instead of a car, unless you absolutely need a new one.
I see people all around driving BMW and Mercedez knowing for a fact that they don't have much money. In my opinion, it is a foolish errand, but most people would disagree.

Some people rather have social rewards 1st then the financials, which is a disaster waiting to happen.

Similar to going to a casino going all-in and losing on one hand.

I guess, trading bitcoin is a kind of that all-in casino generally