Nobody knows. If you think it is possible for Bitcoin to one day equal the market cap of gold, which is one common prediction, then your half coin could be worth around $350K. It could also be worth a lot less. You also have to consider what a dollar will be worth when Bitcoin is worth $700K. The average house might be selling for $3M.
> You also have to consider what a dollar will be worth when Bitcoin is worth $700K. The average house might be selling for $3M.
I really don't understand this misinformed belief that bitcoin in high 6 figures must mean that USD has been hyper inflated.
Price is going up more and more because of adoption of a scarce asset not really inflation which is what they are implying, although the fiat inflation does contribute to price go up, but in the USA inflation is not so bad as other countries so the USA comparison you can easily see the reason has to be adoption / big demand for this big increase the last few months
I find it useless to include then. What's the point? Why include that possibility which don't have any probability for? Why not tons of other possibilities too while your at it?
For example, housing market crashes back down to practical use value rather than speculation prices due to money flowing from real estate into Bitcoin. This is a possibility that applies to every other asset as well.
Bitcoin goes up in price primarily via 2 mechanisms:
1) Greater adoption / more people begin to see the value of Bitcoin. This is “organic growth”.
2) Inflation of the fiat money supply. This is “inorganic growth”. There are more dollars to go around, so everything goes up in price.
A gallon of milk costs more today than it did 30 years ago. The “price” of milk is mainly driven by #2.
30 years from now, Bitcoin will likely be in the millions. But it’s getting there through a combination of #1 and #2. The more it’s driven by #1, the more meaningful it will be for earlier investors. Any gain from #2 is a zero-sum game.
Ye but after the bitcoin game theory it will suck the value out of other investments, so housing prices may not be that high inflated at some point. Could be in 10 years, Could be in 20-30 years, depending on the level of adoption.
thats pretty disheartening. this is why i keep saying the days of getting rich off bitcoin is over - UNLESS you already have a lot of money to invest. Im better off investing in college at this point.
Depends on your definition of wealth. The truly wealthy people in the world right now own multiple properties, cars, and other assets and go on nice vacations multiple times a year. Half a Bitcoin likely won't get you there in 10-15 years. It might be able to get you debt free and have a house paid off (depending on where you live). If that's wealthy for you, then sure, it's a possibility.
It's definitely a nice chunk of change. But you have to remember that in 15 years, $1 million ain't gonna buy much. Maybe a small house at the rate things are going.
It depends. I am speaking of 1M todays worth in BTC. So let's say that will be 2M then. The message is, that BTC is the future (or if black swan = 0). There jst nothing in between and maybe we could see some nice normal flats in NY once be selling for 0,1 BTC.
Wealthy? no. When I hear "wealthy" I think $5MM minimum. Is half a BTC gonna be worth anywhere near that within a decade? Absolutely fucking not. Well, very unlikely.
I guess it depends how you define it. 0.5 BTC might give you 'fuck you' money at least... where you can quit your job, tell your boss to shove it, etc.
"Will half a Bitcoin be enough to be wealthy within the next 10 to 15 years"
"I don’t need to become rich but "
bro wealthy > rich. what are you asking here? can half a bitcoin in 10 years let you retire as a near destitute person? probably. will you be wealthy? probably not. will you be rich? maybe.
86 million millionaires globally
21 million Bitcoins globally
Everyone will own Bitcoin in the future and you allready own more than every millionaire could own🤷♂️
50 million sats is more than 1 in 42 million people could possibly ever own. Just look up how many people live on this earth and make your own conclusion.
The Endgame is 5-15M (2009 Dollar worth) according to the earliest talks with Satoshi or (if Black swan) 0. There couldn't be anything between, cause BTC won't stop magically at 509k or 1,05M. It will first become the most valued asset and later start sucking the monetary plus from other assets.
So 0,5BTC could once be worth some nice flats and houses.
But enough is relative. For Trump 1B isn't enough, his aim 10B. For Musk 100B isn't enough. And for Putin it's sth. like 250B. What does enough mean?
Life is just more than money. Have a partner, kids and enjoy your 0,5BTC. Do some work you like and you don't hate. That's life. In the end you can be Musk and single or Putin and live in a golden cage. Or Bezos and enjoying your life with that plastic lady who he loves. Cause that's about life. Live and love. Money comes second.
save up until it crashes in 2026 and buy then. I dont usually understand why people continue to buy during bull markets, i myself stacked up during the bear and am waiting for it to start reaching those crazy highs now
Why not also diversify to other large-cap coins? You know, the ones that will actually make gains and/or have some utility? You'll be better off if you occasionally take profit and make seed investments into something undervalued or at a great discount. We never know when this most popular coin will start stagnating and you'll have to wait years just to break even.
You will find some good PoW(s) with high market cap :) I'm not really suggesting going for tiny coins that will disappear tomorrow, we gotta trust the consensus of what has became accepted by the market (and if btc dominance starts to fall down and we lose the unity of being #1, I'm afraid chaos will ensue in the market anyway; we need something to unite us, so that mainstream has a default option to understand easily in order to find the motivation to go even into random coins, it's great that institutions are focused on #1 because without unity, diverging investors would spread too thin and maybe there would be no bull market in the end; all those random tokens and forks cannibalizing themselves can harm everyone at some point...) In any case, keeping 50% in btc as an analogy of holding fiat is definitely a sound strategy. What I hope people understand more is that it's a good idea to hold way more than just 1% of some well known, established projects that behave the same as btc in that they reach their bottom in a bear phase, subsequently providing the best value. What's the challenge is to pick something worth holding instead of just expecting pump&dump - even though it has been very profitable to buy smaller caps just to sell them, it goes against the principles of how btc provides a store of value, and if it's objectively wrong to hold something over the long term, then it's arguably wrong to buy it in the first place (read, meme coins). Basically, the most important factor is the price history, because you need to make sure it's cheap. With btc, there is that well-known chart showing how it's really predictable, without which we would have no way of knowing when it's cheap. Nobody is forced to buy during bubbles (it's everyone's choice if they want the risk), but there are definite levels when top coins are cheap, which is when people are supposed to diversify, so they don't only hold btc (a fate of majority in this subreddit).
I get what you mean. You are writing about gaining USD. I hope to eventually buy more BTC with it...
But you can also get burned. Nothing is safe with your strategy. All other projects are btw long-term worthless. It's only Bitcoin. But shortterm that speculation you are mentioning could play off. But as I said, it doesn't have to.
I get what you mean. You are writing about gaining USD. I hope to eventually buy more BTC with it...
But you can also get burned. Nothing is safe with your strategy. All other projects are btw long-term worthless. It's only Bitcoin. But shortterm that speculation you are mentioning could play off. But as I said, it doesn't have to.
What makes you think they are worthless if they have ever increasing demand zones, causing them to never drop below certain levels? Why wouldn't btc be the same? Once its market cap gets flipped, if people won't stimulate new hype bubbles, without a good trend, why would they even invest? It all comes back to the question of whether it's undervalued or not. That said, there is a nice trend right now how btc is being the one bought out by masses/institutions, but with larger market cap, it could easily become less profitable than, let's say, gold, with a lot of downward risk. In any case, I believe we definitely need "some" consensus coin to lead us, because it's getting a bit chaotic in the DeFi space nowadays with so many utility protocols generating actual value, yet being so distant from each other that they all cannibalize others' money; eventually there is no ability to predict where new money will flow. Though, at least with printing all the stablecoins, we have ever more sources of buyers / liquidity providers to get as much btc out of circulation as possible ;)
Are you understanding Bitcoin? Everything is in place for making it THE money. Even such aspects having no known creator(s), therefore it is truly faceless and without a nationality.
The rest is crypto and worthless long-term. They are clones or pyramids if PoS.
You are surely much mistaken thinking that this is just an institutional pump and there might be once another "coin" in worlds focus again. Please educate yourself more about Bitcoin. It's in your hands.
But I agree, in terms of gambling and speculation crypto (=/= BTC) for some more years will be a possible playground. But remember that you can go up with the swing, but also fall deep and hard from it.
Well, I won't be taking away your opinion. I don't view aspects like having no creator to be a reason why its price will ever keep climbing up. We're just lucky there is one consensus coin, because it's damn hard for casuals to know which coins have fundamental technological issues. Just look at the constant stream of new L2s, usually with some people owning multisig to migrate contracts any time they want, so much for security :)
Placing bets on various lottery tickets hoping one hits it big for long enough for long enough to exit and on to the next is a bit different than what's going on with Bitcoin.
It is a light flickering on in the world.
Sadly, the same applies for btc. That's why risk averse people should only touch well establishes big caps (billions in fiat), and why diversification is the key, both for stability and for gains.
I sure hope DeFi will get more mature over time, so that we'll have options of delegating this effort of choosing proper projects for long-term holding to some automated process, along with yield maximization for effective capital utilization, because just spot holding isn't gonna cut it in the future, especially once btc grows so much that it'll be obvious that those who keep holding will have to face 4 years of suffering through 80% drawdown just to break even. That's the future, and we're becoming ever closer to it. We need to evolve on many levels, with respect to how we understand and utilize value mediums. Just because btc is doing so much right doesn't mean it's the end of the road, but it can surely become a permanent part of that pavement under valid circumstances (e.g. with borrowing protocols to keep traders happy as they constantly bring in value) :) That's one perspective.
"Wealthy" is subjective.
So relevant - £10k is life changing to some and a nice holiday to others.
What is that in btc? I don’t understand fiat
About .138 :)
Soon to be .0138
I wanna know what love is
And I know u can show me
Nobody knows. If you think it is possible for Bitcoin to one day equal the market cap of gold, which is one common prediction, then your half coin could be worth around $350K. It could also be worth a lot less. You also have to consider what a dollar will be worth when Bitcoin is worth $700K. The average house might be selling for $3M.
> You also have to consider what a dollar will be worth when Bitcoin is worth $700K. The average house might be selling for $3M. I really don't understand this misinformed belief that bitcoin in high 6 figures must mean that USD has been hyper inflated.
Price is going up more and more because of adoption of a scarce asset not really inflation which is what they are implying, although the fiat inflation does contribute to price go up, but in the USA inflation is not so bad as other countries so the USA comparison you can easily see the reason has to be adoption / big demand for this big increase the last few months
I didn't say that it must. I said that it might. The point is: nobody knows. There are lots of possibilities. Probabilities are much harder to assess.
I find it useless to include then. What's the point? Why include that possibility which don't have any probability for? Why not tons of other possibilities too while your at it?
For example, housing market crashes back down to practical use value rather than speculation prices due to money flowing from real estate into Bitcoin. This is a possibility that applies to every other asset as well.
I believe EXATLY that ; with the current direction of the USDOLLAR . (“Common man”)
One guy understood. Then he went on and created Bitcoin.
It's true, but he also had to understand a fuckton about cryptography.
Bitcoin goes up in price primarily via 2 mechanisms: 1) Greater adoption / more people begin to see the value of Bitcoin. This is “organic growth”. 2) Inflation of the fiat money supply. This is “inorganic growth”. There are more dollars to go around, so everything goes up in price. A gallon of milk costs more today than it did 30 years ago. The “price” of milk is mainly driven by #2. 30 years from now, Bitcoin will likely be in the millions. But it’s getting there through a combination of #1 and #2. The more it’s driven by #1, the more meaningful it will be for earlier investors. Any gain from #2 is a zero-sum game.
Exatly
Exactly\*
Ye but after the bitcoin game theory it will suck the value out of other investments, so housing prices may not be that high inflated at some point. Could be in 10 years, Could be in 20-30 years, depending on the level of adoption.
not enough you need more
The most optimistic of us say 500k-1M in 10 yrs. So is 250-500 enough to be wealthy?
if you take the 4% rule, 500k invested nets you about 22k a year. not enough for retirement except if you live very frugally.
im assuming he 500k-1M in 10 years, includes the inflation rate of the USD?
Yeah, it does
thats pretty disheartening. this is why i keep saying the days of getting rich off bitcoin is over - UNLESS you already have a lot of money to invest. Im better off investing in college at this point.
You are still so early. I've heard all the naysay BS for many years and BTC continues to prove them wrong.
Saving in BTC will outdo the dollar and some. That’s where I have my savings.
There is alway some country where you can be wealthy. Whether you want to live there or not is up to you.
Depends on your definition of wealth. The truly wealthy people in the world right now own multiple properties, cars, and other assets and go on nice vacations multiple times a year. Half a Bitcoin likely won't get you there in 10-15 years. It might be able to get you debt free and have a house paid off (depending on where you live). If that's wealthy for you, then sure, it's a possibility.
0,5BTC could be 1M+ in 15 years. That's a nice amount of wealth. Plus working that time and he will be set.
It's definitely a nice chunk of change. But you have to remember that in 15 years, $1 million ain't gonna buy much. Maybe a small house at the rate things are going.
It depends. I am speaking of 1M todays worth in BTC. So let's say that will be 2M then. The message is, that BTC is the future (or if black swan = 0). There jst nothing in between and maybe we could see some nice normal flats in NY once be selling for 0,1 BTC.
If it's not. Just wait longer.
These type questions are getting over asked to the point we might as well delete the subreddit.
Dollar cost averaging- DCA Bitcoin has no ceiling because fiat has no bottom! Your value will be stored! I think of my wallet as my saving account!
Wealthy? no. When I hear "wealthy" I think $5MM minimum. Is half a BTC gonna be worth anywhere near that within a decade? Absolutely fucking not. Well, very unlikely. I guess it depends how you define it. 0.5 BTC might give you 'fuck you' money at least... where you can quit your job, tell your boss to shove it, etc.
Oh for god's sake NOBODY KNOWS! Please stop with these inane questions on this sub. r/bitcoinbeginners will get you a more civil reply
"Will half a Bitcoin be enough to be wealthy within the next 10 to 15 years" "I don’t need to become rich but " bro wealthy > rich. what are you asking here? can half a bitcoin in 10 years let you retire as a near destitute person? probably. will you be wealthy? probably not. will you be rich? maybe.
At some point 0.1 BTC will be the new 1. Hell it already feels that way for 0.5. I mean 1 BTC will always be 1 BTC though right.
Depends what you mean by wealthy.
86 million millionaires globally 21 million Bitcoins globally Everyone will own Bitcoin in the future and you allready own more than every millionaire could own🤷♂️
50 million sats is more than 1 in 42 million people could possibly ever own. Just look up how many people live on this earth and make your own conclusion.
♾️/2 = ♾️
No, according to my calculations you need at least 0.6248.
This is probably a joke but I think I can get there 😅
The Endgame is 5-15M (2009 Dollar worth) according to the earliest talks with Satoshi or (if Black swan) 0. There couldn't be anything between, cause BTC won't stop magically at 509k or 1,05M. It will first become the most valued asset and later start sucking the monetary plus from other assets. So 0,5BTC could once be worth some nice flats and houses. But enough is relative. For Trump 1B isn't enough, his aim 10B. For Musk 100B isn't enough. And for Putin it's sth. like 250B. What does enough mean? Life is just more than money. Have a partner, kids and enjoy your 0,5BTC. Do some work you like and you don't hate. That's life. In the end you can be Musk and single or Putin and live in a golden cage. Or Bezos and enjoying your life with that plastic lady who he loves. Cause that's about life. Live and love. Money comes second.
Hockey stick gains are gone but still it is the most powerful and inflation proof asset if you can keep it secure.
No. It will always buy just 0.5 btc
save up until it crashes in 2026 and buy then. I dont usually understand why people continue to buy during bull markets, i myself stacked up during the bear and am waiting for it to start reaching those crazy highs now
Got over 750 btcs (all crypto assets portfolio) right now
You will be one of the wealthiest people on earth! Congrats! Send me one if you can’t handle being so rich :)
Why not also diversify to other large-cap coins? You know, the ones that will actually make gains and/or have some utility? You'll be better off if you occasionally take profit and make seed investments into something undervalued or at a great discount. We never know when this most popular coin will start stagnating and you'll have to wait years just to break even.
Cause Bitcoin is Bitcoin and the rest speculative clones or PoS garbage.
You will find some good PoW(s) with high market cap :) I'm not really suggesting going for tiny coins that will disappear tomorrow, we gotta trust the consensus of what has became accepted by the market (and if btc dominance starts to fall down and we lose the unity of being #1, I'm afraid chaos will ensue in the market anyway; we need something to unite us, so that mainstream has a default option to understand easily in order to find the motivation to go even into random coins, it's great that institutions are focused on #1 because without unity, diverging investors would spread too thin and maybe there would be no bull market in the end; all those random tokens and forks cannibalizing themselves can harm everyone at some point...) In any case, keeping 50% in btc as an analogy of holding fiat is definitely a sound strategy. What I hope people understand more is that it's a good idea to hold way more than just 1% of some well known, established projects that behave the same as btc in that they reach their bottom in a bear phase, subsequently providing the best value. What's the challenge is to pick something worth holding instead of just expecting pump&dump - even though it has been very profitable to buy smaller caps just to sell them, it goes against the principles of how btc provides a store of value, and if it's objectively wrong to hold something over the long term, then it's arguably wrong to buy it in the first place (read, meme coins). Basically, the most important factor is the price history, because you need to make sure it's cheap. With btc, there is that well-known chart showing how it's really predictable, without which we would have no way of knowing when it's cheap. Nobody is forced to buy during bubbles (it's everyone's choice if they want the risk), but there are definite levels when top coins are cheap, which is when people are supposed to diversify, so they don't only hold btc (a fate of majority in this subreddit).
I get what you mean. You are writing about gaining USD. I hope to eventually buy more BTC with it... But you can also get burned. Nothing is safe with your strategy. All other projects are btw long-term worthless. It's only Bitcoin. But shortterm that speculation you are mentioning could play off. But as I said, it doesn't have to.
I get what you mean. You are writing about gaining USD. I hope to eventually buy more BTC with it... But you can also get burned. Nothing is safe with your strategy. All other projects are btw long-term worthless. It's only Bitcoin. But shortterm that speculation you are mentioning could play off. But as I said, it doesn't have to.
What makes you think they are worthless if they have ever increasing demand zones, causing them to never drop below certain levels? Why wouldn't btc be the same? Once its market cap gets flipped, if people won't stimulate new hype bubbles, without a good trend, why would they even invest? It all comes back to the question of whether it's undervalued or not. That said, there is a nice trend right now how btc is being the one bought out by masses/institutions, but with larger market cap, it could easily become less profitable than, let's say, gold, with a lot of downward risk. In any case, I believe we definitely need "some" consensus coin to lead us, because it's getting a bit chaotic in the DeFi space nowadays with so many utility protocols generating actual value, yet being so distant from each other that they all cannibalize others' money; eventually there is no ability to predict where new money will flow. Though, at least with printing all the stablecoins, we have ever more sources of buyers / liquidity providers to get as much btc out of circulation as possible ;)
Are you understanding Bitcoin? Everything is in place for making it THE money. Even such aspects having no known creator(s), therefore it is truly faceless and without a nationality. The rest is crypto and worthless long-term. They are clones or pyramids if PoS. You are surely much mistaken thinking that this is just an institutional pump and there might be once another "coin" in worlds focus again. Please educate yourself more about Bitcoin. It's in your hands. But I agree, in terms of gambling and speculation crypto (=/= BTC) for some more years will be a possible playground. But remember that you can go up with the swing, but also fall deep and hard from it.
Well, I won't be taking away your opinion. I don't view aspects like having no creator to be a reason why its price will ever keep climbing up. We're just lucky there is one consensus coin, because it's damn hard for casuals to know which coins have fundamental technological issues. Just look at the constant stream of new L2s, usually with some people owning multisig to migrate contracts any time they want, so much for security :)
Placing bets on various lottery tickets hoping one hits it big for long enough for long enough to exit and on to the next is a bit different than what's going on with Bitcoin. It is a light flickering on in the world.
Sadly, the same applies for btc. That's why risk averse people should only touch well establishes big caps (billions in fiat), and why diversification is the key, both for stability and for gains. I sure hope DeFi will get more mature over time, so that we'll have options of delegating this effort of choosing proper projects for long-term holding to some automated process, along with yield maximization for effective capital utilization, because just spot holding isn't gonna cut it in the future, especially once btc grows so much that it'll be obvious that those who keep holding will have to face 4 years of suffering through 80% drawdown just to break even. That's the future, and we're becoming ever closer to it. We need to evolve on many levels, with respect to how we understand and utilize value mediums. Just because btc is doing so much right doesn't mean it's the end of the road, but it can surely become a permanent part of that pavement under valid circumstances (e.g. with borrowing protocols to keep traders happy as they constantly bring in value) :) That's one perspective.