Re: 100 bitcoins. Will I be a millionaire by 2020?

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.

Quote from: Joe200 on June 17, 2015, 03:41:05 PM

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.