Ninjastic
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Re: Will owning 0.01 BTC really make you rich?
by
Rufsilf
on 27/02/2022, 08:41:11 UTC
Quote from: nur rochid on February 26, 2022, 04:27:35 AM
Quote from: jhonjhon on February 25, 2022, 09:58:50 PM
Quote from: StLucifer on February 20, 2022, 05:59:14 PM
Quote from: Abiky on January 06, 2022, 02:45:09 PM
I've read a few articles on the web which indicated you could get rich with just 0.01 BTC. At first, it seemed crazy to me considering that Bitcoin is still below $1m. But then it started to make sense after knowing that the pioneer cryptocurrency was designed with deflation in mind. Each halving had a positive effect in BTC's price, so one would guess the next one will lead us to a BTC worth more than $100k. To become a millionaire with 0.01 BTC, the price of one Bitcoin must be $100m. Prices are still volatile, so I'm having my doubts whenever I'd really become rich with just 0.01 BTC or not.

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much. Smiley
Of course this is very dependent on the price of bitcoin, to get rich with 0.01 btc the bitcoin price must reach at least $ 1 billion, the question is is it possible to reach $ 1 billion? the most important thing is that with bitcoin we can get extra money even though it doesn't make us rich.
In my own opinion, this could take time within maybe 15 to 20 years to become rich.Many people have already become absolutely super wealthy rich from holding bitcoin.If you buy today the key is not to sell.The key is to hold it for the future.I think that 0.01BTC big step for everyone to become rich.

But in some point,0.01BTC is already a life changing.. You'll not become quickly rich, but it can make your life easier.. You can actually buy a house with that amount. Or you can start for a new business.
right, it takes a long time to get rich with 0.001 BTC, but if we have that asset, and we diversify into several altcoins, it may be able to cut the time to get rich, although it carries a higher risk, but if we have the knowledge, why no we do it, even many new altcoins have increased by thousands of percent, but indeed we must have the expertise to analyze

That is the other way of saying that holding a 0.01 BTC won't make you reach but investing it on other assets other than crypto can make it faster. Jumping into other assets where you have zero or low expertise on that said field is very risky that's is why before making a step, we need to do some feasibility study and research especially if it is a business that you yourself are the who will handle it wholly. Same step we need if it's investing in assets or stocks.

But base on the question of the OP, will owning 0.01 BTC will make you rich? As of today, the answer is plain NO.