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Author Topic: 100 bitcoins. Will I be a millionaire by 2020?  (Read 77312 times)
NordicRanger
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April 19, 2016, 10:21:34 AM
 #941

That means that one Bitcoin must have the price of $10,000 I do not think that this is going to happen. We are just 4 years away from 2020 so it is way to soon to talk about $10,000 per Bitcoin.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Narosya
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April 25, 2016, 07:42:38 PM
 #942

If the price doubles every year, the price could be $6000 in 2020. With 100 bitcoin, you will be worth $0.6 million.
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April 25, 2016, 09:30:45 PM
 #943

I think you will not be a millionaire in that year, maybe it could happen if the price would rise to a even higher amount.
2020 will be a good year in my prediction, there is even a chance that there will be another halving in that year, so maybe if you are lucky you can get pretty rich but not a millionaire in that year.
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April 26, 2016, 12:40:44 AM
 #944

If the price doubles every year, the price could be $6000 in 2020. With 100 bitcoin, you will be worth $0.6 million.

Doubling every year is hoping too much.
Somebody offering those returns would be called a ponzi operator.  Tongue
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April 26, 2016, 08:08:19 AM
 #945


Doubling every year is hoping too much.
Somebody offering those returns would be called a ponzi operator.  Tongue

BTC/USD's average annual change between September 2011 and September 2015 was +334.69%. (Doubling, obviously, would require an annual change of +100%).

If someone told me BTC/USD would double each year, I'd assume they were thinking that future performance wouldn't be as strong as past performance, not that they were a ponzi operator. Ponzi operators would talk-up their returns, surely?

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MaritiJames3
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April 26, 2016, 08:39:51 AM
 #946

If the Bitcoin price is at $10,000 at that point in time you will be a millionaire. But the price will not be that high so soon the price difference between now and what you want it to be then is just to big. It will never rise that fast with in a couple of years.
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April 26, 2016, 08:48:02 AM
 #947

No you will not, by 2020 price of bitcoin maybe over a grand but not 10 grand, or it may not even reach the 1 grand at the most. but hey you still have a nice amount bitcoins.
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April 26, 2016, 09:03:48 AM
 #948

If the Bitcoin price is at $10,000 at that point in time you will be a millionaire. But the price will not be that high so soon the price difference between now and what you want it to be then is just to big. It will never rise that fast with in a couple of years.
I think the price of bitcoin will never be more than $5000. This is not only difficult to achieve, but we have to have a lot of users and adopters.

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April 26, 2016, 01:08:32 PM
 #949

I think the price of bitcoin will never be more than $5000. This is not only difficult to achieve, but we have to have a lot of users and adopters.
Never? That's a very odd thing to say. Whatever about by 2020 but never!
Oscoda
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April 26, 2016, 02:45:16 PM
 #950

No you will not be a millionaire with 100 bitcoins, I think you would need a lot more bitcoins to be a millionaire in that year.
Its also the question if the price is high in that year, no one can predict this...
Rude Boy
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April 26, 2016, 04:11:35 PM
 #951

Its really a doubtful question. Because, most of the peoples were hesitate to use/accept bitcoin as money, even my friends as well as my family members. Because, it has no constant price. And i think, not much people will going to adopt bitcoin in coming days. So, you might not be a millionaire.
newcoins1978
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April 26, 2016, 08:44:51 PM
 #952

No you will not be a millionaire in that time, I think you will most likely be rich but not a millionaire.
I think the bitcoin is not gonna get a big price increase to be honest.
Nameless Coin
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April 26, 2016, 09:33:57 PM
 #953

Getting rich by the bitcoin is not as easy as people say because its fully laying about the bitcoin itself.
I do not think you can become a millionaire in that year to be honest because the halving maybe will be good but I think after the halving the price will stay normal till 2020 and maybe even longer(stable).
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April 27, 2016, 04:21:06 AM
 #954

I think the price of bitcoin will never be more than $5000. This is not only difficult to achieve, but we have to have a lot of users and adopters.
Never? That's a very odd thing to say. Whatever about by 2020 but never!
I mean never and will not be possible to achieve more than $5000 in 2020 or whenever it. it is a huge amount. What can make bitcoin increased very high, in addition to each country using bitcoin and legalize it and can replace the main currency of each country

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April 27, 2016, 04:58:02 AM
 #955

which is very possible. could have been in 2020 one bitcoin is equivalent to 2000USD. and if you have 100 Bitcoin then you will have 200000 USD. it may happen.
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April 27, 2016, 05:27:49 AM
 #956

I think in 2020, it not possible what have you said, but if i will be happened it is great for specially those people who have a lot of bitcoins already.this time will be a great for everyone. 
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April 27, 2016, 04:55:43 PM
 #957

I think you will not be a millionaire in that year, maybe it could happen if the price would rise to a even higher amount.
2020 will be a good year in my prediction, there is even a chance that there will be another halving in that year, so maybe if you are lucky you can get pretty rich but not a millionaire in that year.
I think 100 BTC will not be enough in that year to be millionaire in 2020, as according to my views at that time one bitcoin will be worth about $2000 then 100 bitcoins will be about $200000, so not a million dollar, and so not a millionaire the person holding them.
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April 27, 2016, 05:46:46 PM
 #958

I think in 2020, it not possible what have you said, but if i will be happened it is great for specially those people who have a lot of bitcoins already.this time will be a great for everyone. 

Bitcoin price will reach it's full potential when more of the above realize the power of this tech and jump aboard. The more mainstream it gets the more major dumps I think we will see and the more dumps we see the more people lose faith and leave bitcoin...
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April 27, 2016, 06:12:26 PM
 #959

I think you will not be a millionaire in that year, maybe it could happen if the price would rise to a even higher amount.
2020 will be a good year in my prediction, there is even a chance that there will be another halving in that year, so maybe if you are lucky you can get pretty rich but not a millionaire in that year.
I think 100 BTC will not be enough in that year to be millionaire in 2020, as according to my views at that time one bitcoin will be worth about $2000 then 100 bitcoins will be about $200000, so not a million dollar, and so not a millionaire the person holding them.
yeah, you will not become a millionaire but get 400% profit only in 4 year, not bad. where you can find investment give you a profit 100% in one year but if all of that come true like you said Wink
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April 28, 2016, 10:19:37 AM
 #960

If the price doubles every year, the price could be $6000 in 2020. With 100 bitcoin, you will be worth $0.6 million.

Doubling every year is hoping too much.
Somebody offering those returns would be called a ponzi operator.  Tongue
The price will not double every year , the doubling of price of bitcoin occurs only in the halving and after that a slight and regular increase will occur in the price of bitcoin with the passage of time, so with 100 BTC we can not be millionaire in quick time.
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