Topic: 1 Bitcoin, Not for everyone. - page 2. (Read 1035 times)

Once you do step your foot into cryptocurrencies then you should really make yourself that fully aware on how it do behaves or even with just the basic principles on what it is so that you wont really be having that kind

of hardship or being mind boggled whenever you do encounter it.1 BTC isnt a necessary accumulation for each individual considering that the whole coin value almost 20k then not everyone will really be able on doing so

but we know that we could purchase in fractions.It isnt really that necessary to accumulate whole coin but in other peoples mindset then they do really set off that kind of particular goal or target.

High inflation is probably the number one problem that people are currently facing, because even if the price of bitcoin is more affordable than it has been in quite some time now people need to spend way more money on their basic necessities, this leaves less money available for saving and investing which makes accumulating bitcoin even harder, however I sincerely believe this is something that people must make an effort to do because if they don't they will regret not doing this when they had the opportunity to buy bitcoin for less than six figures.

Overall Bitcoin is a rather interesting idea that has sparked the curiosity of millions of people. This is not for everyone because the price factor from time to time goes up and is considered very high. but I think the important thing is that we recognize the potential of cryptocurrencies and study it so that we understand where it is going.

It’s too late to regret now, I know people who are able to have more than 1 Bitcoin before but sells it before 2018 price dump, it will not matter if we knew it before but then didn’t Hold it so better plan now whether to buy more BTC even it will not reach a whole BTC but will be able to save until the price skyrocket or set another new ATH. It's not how long we know BTC but how we are able to adopt and use it for our benefits like in trading or as means of investment.

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.

In the end nobody should have a whole Bitcoin, that kind of seems to be the destination intended in the naming of this protocol.  Its always been about exchanging the bits not the entire BTC and its ease in doing so is the point of the whole system.
  My take on that is just maths resolving from if the whole world can use even just a small holding of BTC, down to pocket change type stuff because of its unique asset type and usage online especially then you must resolve that the price very likely will be much higher and each person only requires a small bit not entire BTC to receive the utility of being in Bitcoin.  
  A majority of the world population is living in or around China (yes Asia but really anywhere that involves large scale economic activity) , that whole area of people is a long way from Washington DC and its banking system upon which the Dollar reserve world currency is currently pivotal.
  Whatever happens next its very likely we evolve towards some system more inclusive of the world entirely not just the older western based 'advanced' economies, growth will benefit an evolution we just cant be sure of the exact direction but I think serving the most people directly is likely to happen.   US dollar is quite indirect for many remote countries now, so disadvantaging those people not included in that political realm.

It is really getting harder to accumulate Bitcoin because the price is getting higher and higher. Another factor that make it difficult to buy BTC is the inflation of prices of commodities but a regular employee's wage doesn't increase.  The ability of a normal individual to buy BTC is deteriorating because of the economic factors such as price hike, salary cut due to working hours changes, etc. Instead of buying a few satoshis, people will choose to spend their money to bring food to their table. 

Without a doubt the goal of getting one bitcoin is getting harder and harder, which is why for the people that are on the fence about bitcoin they need to start their journey now or they may never realize this dream of theirs, but as you say it isn't a must to buy that much bitcoin, people have made some basic calculations and if bitcoin is adopted by billions of people the average amount of bitcoin each person could have is very low, so even something like 0.1 BTC can be a huge amount in the decades to come.

Since, the bitcoin supply is too limited, it is not possible for everyone to get one bitcoin or even half a bitcoin.

In near future, those people who have only 0.1 bitcoin, they would be counted as the world's richest people. Therefore you can imagine how high will be bitcoin prices and most of us will feel lucky as we know bitcoin at its early stages and more importantly we have some portion of bitcoins.

That's okay my friend, you do not have to worry about the losses because they happened in the past, focus on the future and how you could make a profit. As I can see you said you are working towards 0.1 bitcoin and that is great, the bitcoins that you do not own right now do not exist and they are in the past and you could do absolutely nothing about it. But that 0.1 bitcoin that you will own will be the life changer because if that reaches to 100k, you will have 10k, and until it reaches 200k, if you make 0.2 bitcoin as well, that's 40k.

Most of the world that's good enough to spend an entire year without working and still living comfortably, for some nations that's as big as 2-3 even 5 years. So just focus on what you can get, and forget about the past.

This week, Bitcoin is stayed at around $19,000. So I can refer to this as a very reliable price. At this price, many people can express interest in purchasing Bitcoin. In the meantime we know that the number of Bitcoin holders is not too high. Multiple wallets have high amounts of Bitcoin and nothing else is excavated that bitcoin can be added to some more wallets. Most people will fail to collect 1 bitcoin because of the Bitcoin limited supply.

For the ones which understand bitcoin and its potential this is the only option they have, fiat money is experimenting a huge crisis from which we don’t know if it’ll recover, so instead of going down with it why not do something to protect ourselves from its pernicious effects?

Now people see the price of bitcoin and they think it is expensive, and they may be right, but as you say they don't have to buy a whole bitcoin, people could buy one mBTC which currently has a value of just 20 dollars, so even if we are talking about the same amount of bitcoin when you think about it in this way bitcoin suddenly looks way cheaper.

Those who believe in Bitcoin will continue to do their best to collect Bitcoins even if these are small parts of bitcoin. Because that holder knows that one bitcoin might be enough for his whole life. Either Satoshi cannot be ignored in this context. At the right time a small fraction of Bitcoin can be the solution of a difficult task.

I actually didn't care for everything that happens or prices of bitcoin now or even care about having a Whole bitcoin because what is important for me is that I have bitcoin in my hands and will keep using this.

either 1 whole bitcoin or just small chunk? yet this is bitcoin that has a great potential and futuristic value .

Will continue having bitcoin , and will accumulate anytime that I am capable .

Even the current price of Bitcoin is cheaper compared to the last bullrun, it still not affordable for many of us to buy the whole 1 Bitcoin. However like what you have pointed out we can always buy in fraction, if we keep doing so, you wont notice that you're getting more that can possibly close to 1 BTC. Its just depends on your strategy and your determination to achieve it. Of course it's not easy especially if you're earning just enough for expenses. But as I have said, if you're determine to do it then there's always a possibility.

There are instances or situations in life which would really be making us to decide on selling out those coins that we do have.Its true that there's no time to regret and keeps coming back on what you had

done in the past yet this would really just resulting into more lots of stress and frustration which might be a hindrance into your possible next actions that you would be having in life or in investment field.

1 Bitcoin accumulation isnt something for everybody and it is true basing up into its value then this isnt something that you could easily get hold of but its not necessary since we could always
do in fractions.

Although many people find it difficult to have 1 BTC, but as long as we try to accumulate Bitcoin according to our respective incomes. I believe
the opportunity for us to have 1 BTC is still open, the most important thing is that we must have a strong intention first to be able to have 1 BTC.
Because usually if from the beginning we have a strong intention, will make us more excited to look for side jobs so that our income can increase
and we can accumulate more Bitcoins. I'm sure if there are people who struggle hard to accumulate Bitcoin, in the end the desire to have 1 BTC
can be achieved. Nothing is impossible if we try to do our best. I always believe in hard work and never give up, will give satisfactory results.
So don't give up if our income doesn't allow buying 1 BTC at a time, we can still buy Bitcoin fractions first, if we consistently accumulate Bitcoin.
I believe in the end we can have 1 BTC.

It is important to never get discouraged when something like this happens to us, after all who doesn't have a story about spending their bitcoin in stuff they did not really needed when it was cheap and now they regret doing so? But at the end what matters is that we recognize that bitcoin is going to be part of the economic system for a very long time and that it is better we get as much of it while we can, because the longer we wait in order to take action the less bitcoin we're going to get at the end of the day.

That includes me, and the sadder thing is that I had over one bitcoin in my wallet back in the day when bitcoin didn't worth this much but at the same time we are talking about money that I would never have, if I had some bitcoins right now that would have been bringing me returns as high as my entire salary and yet I didn't hold it which is why it is not a good situation to be in.

By the end of the year, I am hoping to have 0.1 again, been grinding and working for years to get there, and that is just 10% of 1 bitcoin. It's fine though, because richer people could end up working to get as many as people, but then we could end up with a good return on my smaller bitcoin amount too.

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.