1 Bitcoin, Not for everyone. | Bitcointalksearch.org

Wawa2013

sr. member

Activity: 1666

Merit: 268

Quote from: Russlenat on September 30, 2022, 03:54:22 PM

Quote from: boris singer on September 14, 2022, 03:02:32 AM

Actually in this case there is no requirement for someone to store 1 bitcoin in their wallet because there is no such standard and there is no recommendation that this should be done.
But it would be great if we had it in our wallet regardless of the amount. Now there are only strategies and financial conditions. who believe in bitcoin and have sufficient money conditions then they can earn more than people in general.

The good thing about bitcoin is you can even buy and hold a portion of it, and just only buy again when you are already in profits. That way, you will never struggle hard to store 1 bitcoin as there is no required amount to buy or store in your wallet. However, rich investors will always have the opportunities to store more than 1 bitcoin as they have all the means to buy a whole bitcoin in just a single purchase.

I know relying on my monthly income will not be enough to buy 1 BTC, but what's interesting about Bitcoin and that it can be affordable
by anyone, is because we don't need to buy 1 BTC directly. We just need to buy Bitcoin fractions according to our respective financial capabilities.
If we accumulate the fractions of Bitcoin that we buy in the long term, I believe everyone can afford to own 1 BTC. The problem is that many people
can't wait to go through the process to be able to have 1 BTC, some people have given up investing in Bitcoin and think Bitcoin is not for everyone.
Whereas we ourselves can determine whether we can have 1 BTC or not.

Regarding rich people, with big finances they can buy 1 BTC at once, even I have a friend who immediately bought 5 BTC. But it depends on
the person too, because there are also rich people who are not interested in Bitcoin and view Bitcoin negatively. So people who buy Bitcoin are
only people who believe in Bitcoin, so I agree Bitcoin is not for everyone. But Bitcoin is only for people who believe in the future of Bitcoin.

kawetsriyanto

legendary

Activity: 2464

Merit: 1140

duelbits.com

Quote from: Russlenat on September 30, 2022, 03:54:22 PM

The good thing about bitcoin is you can even buy and hold a portion of it, and just only buy again when you are already in profits. That way, you will never struggle hard to store 1 bitcoin as there is no required amount to buy or store in your wallet. However, rich investors will always have the opportunities to store more than 1 bitcoin as they have all the means to buy a whole bitcoin in just a single purchase.

Yep, someone doesn't require to own 1 Bitcoin, Bitcoin can be owned a half or less than a half. It is the advantage of Bitcoin that we can buy even only a few small pieces of Bitcoin. Sure, we can continue to buy more and more, someday it can be 1 Bitcoin or above.

Regarding the rich people, they have the ability to buy many of Bitcoin since they have a lot of money. So, it is not surprising that many rich people buy more than 1 BTC. Especially, if the rich people really understand the potential of Bitcoin, they must buy and hold Bitcoin as many as possible. Many of them buy more than 100 Bitcoin at once.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: boris singer on September 14, 2022, 03:02:32 AM

Actually in this case there is no requirement for someone to store 1 bitcoin in their wallet because there is no such standard and there is no recommendation that this should be done.
But it would be great if we had it in our wallet regardless of the amount. Now there are only strategies and financial conditions. who believe in bitcoin and have sufficient money conditions then they can earn more than people in general.

The good thing about bitcoin is you can even buy and hold a portion of it, and just only buy again when you are already in profits. That way, you will never struggle hard to store 1 bitcoin as there is no required amount to buy or store in your wallet. However, rich investors will always have the opportunities to store more than 1 bitcoin as they have all the means to buy a whole bitcoin in just a single purchase.

Vinaa77

sr. member

Activity: 1344

Merit: 311

Quote from: Detritus on September 01, 2022, 02:59:25 PM

Bitcoin has created a lot good wave to it's investors during bull market, bad wave during bear market. Bitcoin is a seasoned coin that undergoes halving every 4 years, yet many have not gotten use to bull and bear market of Bitcoin coin, some people only get happy during the bull market as a result they forget to prepare their mind for bear market too. 1 Bitcoin = $26 (2013) when only an average number of investors believed in it, Now that many investors are into Bitcoin investment, it cost thousands of $$ to afford 1 Bitcoin ( 1 Bitcoin not for everyone).

perhaps Now that the potential of Bitcoin have been globally let out and with regards to more innovation, the price will continue to go that many can not afford 1.

Who can predict in 2013 Bitcoin will reach a price of $20k or with ATH $68,789 at this point? Who has a lot of money in his pocket that can hold Bitcoin to this day. Because they can cover their needs other than the money invested in Bitcoin. Thus they can sell at high prices. If everyone knew that Bitcoin would hit $20k or $68k, of course all investors would have held it up until now. But for now we can only move on to the future even though it is not comparable to 2013.

Welsh

staff

Activity: 3304

Merit: 4115

Quote from: SirLancelot on September 28, 2022, 05:38:20 AM

I had something similar, I mean a lot more than 4 bitcoins so far, I had that from faucets nearly 10 years ago so it wasn't really a big de back in the day to have a few bitcoins and now I do not even have 1. But that is okay, that’s the economy that we are keeping alive, I know that it would be lovely if we had more, but if everyone bought it and then hold it, then it wouldn't have a value today.

This is basically the same story for most of the investors back a few years ago. They probably are all in profit though, depending on where they sold even to this day. So, it's not like they lost out massively it's just they either lost faith which does tend to happen or they simply sold at a price that was inconceivable to them at the time they invested.

Some may have only profited a small amount in comparison, because they never expected their coin to be worth $100 or something around that figure. Honestly, I think most of the forum these days have less than they did a few years ago.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: SirLancelot on September 28, 2022, 05:38:20 AM

Quote from: peter0425 on September 27, 2022, 06:27:55 AM

if I only hold all the bitcoin that cross my hands? surely I already owned more than 4 bitcoin since then but I lose them all from wrong decisioning and mishandling . and if will only given a chance? maybe I'll try to keep as many as i can till now.
but what OP mentioned is indeed what we must understand because the totality is too small for the whole world.
but at least holding some part will extend our capacity to have funds in the future.

I had something similar, I mean a lot more than 4 bitcoins so far, I had that from faucets nearly 10 years ago so it wasn't really a big de back in the day to have a few bitcoins and now I do not even have 1. But that is okay, that’s the economy that we are keeping alive, I know that it would be lovely if we had more, but if everyone bought it and then hold it, then it wouldn't have a value today.

People think that it would be lovely if we all buy and hold, but "some" people need to sell in order for it to grow to bigger population. Obviously, we would prefer that those who sell to reach bigger audience was someone else, but we at least played a part.

That is definitely true that "some" people need to sell so that we would have a circulation in the crypto world but that doesn't change the fact that you could have been one of the people that hodl it.

That way you would be rich right now, I am one of those people who didn't, and I am feeling the sorrow of it because sometimes it's hard to even find 50 bucks, let alone millions of dollars and when I look at my wallet, I can see that "millions of dollars" went in and out of it, obviously it was just a few thousand dollars at most at the time when it happened, but if I kept every single bitcoin that came in, I would have 90 million dollars today, and knowing that really hurts me a lot.

Chainsmokers

sr. member

Activity: 1372

Merit: 252

1 Bitcoin has reached the price of $19k of course for that price not for everyone, but we need to remember that everyone can buy Bitcoin and can store Bitcoin,
so why think about 1 Bitcoin? I believe Satoshi Nakamoto made Bitcoin not to think that everyone can buy 1 Bitcoin, but that everyone can have Bitcoin,
therefore the smallest unit of bitcoin is Satoshi, so I think Satoshi is for Everyone not 1 Bitcoin. Am i Right?

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: peter0425 on September 27, 2022, 06:27:55 AM

if I only hold all the bitcoin that cross my hands? surely I already owned more than 4 bitcoin since then but I lose them all from wrong decisioning and mishandling . and if will only given a chance? maybe I'll try to keep as many as i can till now.
but what OP mentioned is indeed what we must understand because the totality is too small for the whole world.
but at least holding some part will extend our capacity to have funds in the future.

I had something similar, I mean a lot more than 4 bitcoins so far, I had that from faucets nearly 10 years ago so it wasn't really a big de back in the day to have a few bitcoins and now I do not even have 1. But that is okay, that’s the economy that we are keeping alive, I know that it would be lovely if we had more, but if everyone bought it and then hold it, then it wouldn't have a value today.

People think that it would be lovely if we all buy and hold, but "some" people need to sell in order for it to grow to bigger population. Obviously, we would prefer that those who sell to reach bigger audience was someone else, but we at least played a part.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: ?? on ??

Quote from: boris singer on September 14, 2022, 03:02:32 AM

Actually in this case there is no requirement for someone to store 1 bitcoin in their wallet because there is no such standard and there is no recommendation that this should be done.
But it would be great if we had it in our wallet regardless of the amount. Now there are only strategies and financial conditions. who believe in bitcoin and have sufficient money conditions then they can earn more than people in general.

Bitcoin is now considered a man’s every wealth, but it’s up to the people how they value bitcoin and pursue its price no matter how it’s expensive. For wise men who believe that bitcoin is the future, they will always seize every opportunity to own and store bitcoin, while those who think this is a big scheme, they will always ignore the value of bitcoin, and owning it will never be their priority.

though the main problem for each of us to not earn or have 1 whole bitcoin? because of either we are late to learn this ? or we refuse to trust since day 1 that we come to learn about the currency.

But considering that we will not take that amount? yet having bitcoin at all amount is a blessing already because in the future? this may change and may not bring anything for the betterment of everyone.
so lets accumulate what we can afford at this stage and may have a goal for our future use.

ShowOff

legendary

Activity: 2618

Merit: 1181

Had my financial condition today been exactly the same as the early years of bitcoin, then I believe I would have a lot of bitcoins in my wallet then. But unfortunately I couldn't do much because my financial condition at that time was not good, but I didn't forget to be grateful because in the end I was able to have it.

Now comparing 2013 with 2022 about bitcoin price is not great because they are all very different. In 2013 I believe the adoption of bitcoin has not been as much as now, people are still doubtful and the lack of information about bitcoin is also still very decisive. But by 2022, I can already imagine that 99% of countries in the world are already familiar with bitcoin. 1 bitcoin now may no longer be able to be bought by everyone because of the price, but I can clearly remember that 1 bitcoin in 2013 I had to buy by saving two weeks. But I'm here for 2015. Lol

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: pieppiep on September 08, 2022, 07:26:06 PM

Quote from: ?? on ??

The price of bitcoin rose again to around $ 19300, of course not everyone can buy at a price of 1 BTC at this time, at this time I have a cryptocurrencies (bitcoin and altcoins) asset equivalent to $ 6500 or only 1/3 of the Bitcoin value, and to get 1 BTC then I have to work for about 3 years.

I guess that's okay because it's a process everyone must undergo. I'm sure if the altcoin season comes back and many of your altcoins can rise high and even give you big profits, your assets in the form of bitcoin or stable coins will increase. And if the current bitcoin price is still below, you can immediately buy bitcoin and there is a possibility you can buy more than 1 bitcoin. So whatever the bitcoin price, you can try to keep accumulating more and more satoshi from now on.

Right. Buying bitcoin at its expensive price will always be a struggle for those who have low income or profits from other investments. The reason why we should always wait for bitcoin price decline as it’s a good opportunity to maximize buying at its cheaper price. However, owning bitcoin will never be compulsory, but if you believe in its high potentials that will bring significance in the future, then it’s better to own it at this early time.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: milewilda on September 27, 2022, 04:17:03 PM

Quote from: CapGelatik on September 27, 2022, 01:42:17 PM

Quote from: ?? on ??

snip...

prices above $ 10k in my opinion are still very expensive, because the bear market is still not finished and there is a possibility that the price of Bitcoin will drop below $ 10k,
yes for people who have bought above $ 50 k my advice is you should use a cut lose, because if the price bitcoin drops to $10k then I'm sure there will be high selling pressure, so be careful

Even $1k price would really be still expensive for most people.To those who do lived on first world then it would really be that simple for them to accumulate but for those who do lived on developing countries then it would really be a huge or tough challenge for them to accumulate and getting a single coin but what just the most people been saying on here that we dont really need to buy a whole coin which we could really able to buy
on small amounts until you do able to reach out on possessing a whole coin.Yes, its expensive but lets just accept the reality that there are people who are financially capable and there are ones
who do struggle out on living on daily basis which their earnings is just sufficient for their survival.

However, it wasn't really a need to acquire 1 Bitcoin at a time. There is a way to accumulate Bitcoin and that is the DCA strategy which only buying a few sats during market corrections to make it 1 whole Bitcoin someday. But yes, we also have to put into consideration that not all can handle the risk and market stress and that is the reason why many people will think it was expensive because they don't want to buy it in the first place. It is an investment mindset and sadly, not all of us have that thing.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: CapGelatik on September 27, 2022, 01:42:17 PM

Quote from: ?? on ??

In the current price of bitcoin it is still affordable for people to grab one full bitcoin but the way its price increases in every four year this will not be like this. Very soon we will reach into in a area when only institutional invetors and big companies can buy a full bitcoin from the market. I think this is the last chance for people to get into the system who haven't already.

prices above $ 10k in my opinion are still very expensive, because the bear market is still not finished and there is a possibility that the price of Bitcoin will drop below $ 10k,
yes for people who have bought above $ 50 k my advice is you should use a cut lose, because if the price bitcoin drops to $10k then I'm sure there will be high selling pressure, so be careful

Even $1k price would really be still expensive for most people.To those who do lived on first world then it would really be that simple for them to accumulate but for those who do lived on developing countries then it would really be a huge or tough challenge for them to accumulate and getting a single coin but what just the most people been saying on here that we dont really need to buy a whole coin which we could really able to buy
on small amounts until you do able to reach out on possessing a whole coin.Yes, its expensive but lets just accept the reality that there are people who are financially capable and there are ones
who do struggle out on living on daily basis which their earnings is just sufficient for their survival.

CapGelatik

full member

Activity: 1064

Merit: 100

Combo Network

Quote from: ?? on ??

In the current price of bitcoin it is still affordable for people to grab one full bitcoin but the way its price increases in every four year this will not be like this. Very soon we will reach into in a area when only institutional invetors and big companies can buy a full bitcoin from the market. I think this is the last chance for people to get into the system who haven't already.

prices above $ 10k in my opinion are still very expensive, because the bear market is still not finished and there is a possibility that the price of Bitcoin will drop below $ 10k,
yes for people who have bought above $ 50 k my advice is you should use a cut lose, because if the price bitcoin drops to $10k then I'm sure there will be high selling pressure, so be careful

laurenB7742

full member

Activity: 1302

Merit: 129

Vaccinized.. immunity level is full.

Quote from: Ludmilla_rose1995 on September 18, 2022, 10:21:10 AM

for me personally, to be able to get 1 bitcoin requires a large amount of money or a long time then the possibility (for me to have 1 bitcoin) is very small. those who have 1 bitcoin in their wallet from the start must be lucky people and from the start, they believed in the future of bitcoin. I regret not knowing bitcoin longer when the price was still very affordable.

Many people will say that those who own bitcoin early are lucky, but in my opinion that is not necessarily true. It is true that many people were lucky enough to know about bitcoin from a very early age when bitcoins cost only a few dollars to several hundred dollars. But not many people can hold till today, they sold when bitcoin hit 1000$ or 10000$ before. For those who still hold it till now, they really have absolute faith in bitcoin, how much hardship they have to go through, how much pressure from people who always say bitcoin will die when bitcoin plummets many times. Can say they are great people who deserve the rewards they deserve because they have held bitcoin to this day. Not many people can do this.

Zaguru12

hero member

Activity: 868

Merit: 952

Although it will be kinda of hard as individual to spend 20k on it but looking at the price at the start of year I think late investors just getting into cryptocurrency have been given a second chance by this bear market to own a large portion of it. The other issue about owning 1 BTC is that the 20k does not look big to some individuals but how long they can afford to leave out that huge amount without it having a financial difficulty on them.

peter0425

sr. member

Activity: 2618

Merit: 439

if I only hold all the bitcoin that cross my hands? surely I already owned more than 4 bitcoin since then but I lose them all from wrong decisioning and mishandling . and if will only given a chance? maybe I'll try to keep as many as i can till now.
but what OP mentioned is indeed what we must understand because the totality is too small for the whole world.
but at least holding some part will extend our capacity to have funds in the future.

Quote from: ?? on ??

In the current price of bitcoin it is still affordable for people to grab one full bitcoin but the way its price increases in every four year this will not be like this. Very soon we will reach into in a area when only institutional invetors and big companies can buy a full bitcoin from the market. I think this is the last chance for people to get into the system who haven't already.

seriously ? affordable to buy at 20k dollars per bitcoin? if this is affordable then we all must have bitcoin each in our pocket?

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: ?? on ??

Quote from: Detritus on September 01, 2022, 02:59:25 PM

perhaps Now that the potential of Bitcoin have been globally let out and with regards to more innovation, the price will continue to go that many can not afford 1.

It's not really necessary to own 1 bitcoin. As long as you accumulate, you will still enjoy some good amount of profit once its value reaches a point where it's price goes above $100k. It would just make us frustrated if we feel jealous to someone who owns 1 or more bitcoin. We should appreciate that we are one of the early adopters of bitcoin that we are able to accumulate while it is not that expensive yet.

At the rate on how the price moves as compare to it's scarcity? definitely hard to get 1 bitcoin in this year. And it might takes years to accumulate and so it will be a big challenge for everyone if we had this kind of dream.

Nevertheless, to not put any pressure upon ourselves, then just save and accumulate as much as you can. Sell if you needed fiat and then go on. Maybe there will be a time that you might reach your goal of 1 bitcoin.

Pujangga

member

Activity: 1078

Merit: 12

According to data the number of active bitcoin users is currently more than 200 million, while the number of bitcoin is only 22 million and according to data more than 5 million bitcoins are locked or lost because people throw away private keys when bitcoin prices are very cheap. from this data it is certainly not easy to have 1 bitcoin.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Oasisman on September 14, 2022, 04:42:16 AM

Quote from: Detritus on September 01, 2022, 02:59:25 PM

1 Bitcoin, Not for everyone.

Made sense, coz there should only be 21m total supply of Btc when it's all mined in the future. Currently, there are 19m total supply mined. I'm not sure how much Bitcoin has been lost into circulation for the forgotten wallet and lost keys.
If everyone could afford 1 Btc, then for sure the prices would be cheap and only few people would own 1 or 2 Btc.
That's what make Bitcoin special with it's limited supply, the value will obviously rise as the demand rises as well.

actually it is not literally 1 bitcoin per person , this address to the capacity of people that buying or having bitcoin , they tend to wish having one but not doing everything to accumulate , there are so much bitcoin available in exchange yet ? people are still praying to have one.

and for me? i rather have altcoins that holding single coin like bitcoin in which so much price and altcoin are cheaper.

Topic: 1 Bitcoin, Not for everyone. (Read 1035 times)