1 Bitcoin, Not for everyone. - page 3.

kro55

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Quote from: Pierre 2 on September 13, 2022, 07:42:07 AM

It is sad that so many people around the world, especially ones in poor countries will never be able to buy 1 Bitcoin in their whole life. Its still expensive for at least half of the world. My personal focus is to get as much as Bitcoin I can. Cause I am sure Bitcoin will hit 100k dollars for once. At that point if I could get 2 Bitcoins it will change my whole life. Our country is rather poor country so Bitcoin saves my life.

But you don't have to own exactly 1bitcoin to become rich or out of poverty. If you invest now and accumulate over time and vision about bitcoin in 10 years or 20 years if bitcoin can reach 1 million dollars and with the bitcoin you are holding will also make you better .
If you think bitcoin has become too expensive and don't want to buy it now, later when bitcoin rises to $100k or $200k, then you won't stand a chance to buy.
Bitcoin can be said to be the best opportunity for the poor to change their position in society, don't disparage and say its current price is too expensive to buy, I think bitcoin is still very cheap compared to the potential it brings.

iamsange

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Quote from: Mario Yamasaki on September 14, 2022, 03:38:18 AM

1 Bitcoin is certainly a very high value for most people, I also see 1 BTC is a difficult thing I get if I work for a year, but the thing I do is keep buying even with a small value but I keep it on the trust wallet and is optimistic that a When it can reach 1 BTC.

That's only for ordinary people who can't get 1 BTC in one year, but for those entrepreneurs or bosses of a well-known company, they can definitely get 1 BTC or even more within a year. Because the profits from the products that are marketed every day can be collected to buy BTC if they want it after paying all the salaries of the employees who work in the company.

So believe that this is not always impossible to get for everyone except for ordinary people like you and me and others. Because getting 1 unit of BTC in a year also still depends on a person's ability to do business and also his ability to work in a certain place. So you are still possible to improve your abilities this year so that the target to get 1 BTC can be achieved in the not too distant future.

boris singer

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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.

Mario Yamasaki

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1 Bitcoin is certainly a very high value for most people, I also see 1 BTC is a difficult thing I get if I work for a year, but the thing I do is keep buying even with a small value but I keep it on the trust wallet and is optimistic that a When it can reach 1 BTC.

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Quote from: Pierre 2 on September 13, 2022, 07:42:07 AM

It is sad that so many people around the world, especially ones in poor countries will never be able to buy 1 Bitcoin in their whole life. Its still expensive for at least half of the world. My personal focus is to get as much as Bitcoin I can. Cause I am sure Bitcoin will hit 100k dollars for once. At that point if I could get 2 Bitcoins it will change my whole life. Our country is rather poor country so Bitcoin saves my life.

Bitcoin is expensive that everyone can't afford it, but we've got the access to buy according to our affordability. This means bitcoin is for all and not for the rich or the people with good sum of money. The interesting part that strikes my mind, even if we've known about bitcoin when it was around $100 we couldn't have bought it. Just on experiencing it's growth we look for ways to buy.

milewilda

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Quote from: Despairo on September 13, 2022, 10:59:36 AM

Satoshi never said everyone will get at least 1 Bitcoin on their wallet, so what's the reason why everyone need to have 1 Bitcoin? If everyone can have 1 Bitcoin, I think Bitcoin will become worthless since Bitcoin broke their own protocol for having 21 Million supply.

But since Bitcoin currently mined around 19 Million which is only 2 Million left, many people have a chance to get 1 Bitcoin if they want to become a miner or buy every dip of Bitcoin and holding for long term.

No one ever said because it is really just basing on personal choice and financial capacity and since we could buy bitcoin on fractions or on satoshis then it wont really be that necessary that you should
get a whole coin and doesnt mean that it isnt for everyone.Dont know on where he do get that kind of belief that telling that it isnt for those people who cant afford 1 Bitcoin.
He would definitely be changing up his words on the time that he do realize that he could get and accumulate on small portions.
This is where majority had been doing on which trying out to accumulate coins as much as we could since we do know on whats Bitcoins potential.

Despairo

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Satoshi never said everyone will get at least 1 Bitcoin on their wallet, so what's the reason why everyone need to have 1 Bitcoin? If everyone can have 1 Bitcoin, I think Bitcoin will become worthless since Bitcoin broke their own protocol for having 21 Million supply.

But since Bitcoin currently mined around 19 Million which is only 2 Million left, many people have a chance to get 1 Bitcoin if they want to become a miner or buy every dip of Bitcoin and holding for long term.

Pierre 2

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It is sad that so many people around the world, especially ones in poor countries will never be able to buy 1 Bitcoin in their whole life. Its still expensive for at least half of the world. My personal focus is to get as much as Bitcoin I can. Cause I am sure Bitcoin will hit 100k dollars for once. At that point if I could get 2 Bitcoins it will change my whole life. Our country is rather poor country so Bitcoin saves my life.

Silberman

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Quote from: Devifajarina on September 10, 2022, 11:52:27 PM

Quote from: KingsDen on September 10, 2022, 04:33:55 PM

There is diverse of people with diverse habit and approach to life, while some are good and strategic planners and thinkers, some does anything that enters head without cross examining the after effects. Some do things because their mates, peers or colleagues did same thing.
Those desire to meet up with trend or mate has made so many lose a nice virtue called contentment. Contentment keeps you ease and allow you to plan well without settting yourself up for distress.

I have seen some people plung into huge debts in order to own 1 btc, those that took loan to own 1btc when it was at $50k, what will be their fate today and how long would they have to wait to hit $50 again. We should learn to plan and invest in our different paces.

Investing is never justified using other people's borrowed money, this is not a financial freedom solution, but plunges yourself into new problems.
Investing also requires planning, maturity and serenity in running, how many people have money, but they are not necessarily ready to invest in crypto, because they are aware, to get started requires knowledge, strategy and understanding of investment patterns.
The fate you describe is even worse, if one cannot generate returns.

Doing something like that is very irresponsible if the person that is doing it is not someone that can control their risk appropriately, and if we are honest the amount of traders which can do something like this are very limited, so as a rule no newbie trader or even a trader with a few years of experience should take a loan to buy bitcoin, after all we have seen many examples in the forum of people doing something like this and things always go awfully wrong.

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Quote from: Smack That Ace on September 11, 2022, 06:14:18 AM

Quote from: KingsDen on September 10, 2022, 04:33:55 PM

Investing also requires planning, maturity and serenity in running, how many people have money, but they are not necessarily ready to invest in crypto, because they are aware, to get started requires knowledge, strategy and understanding of investment patterns.

That is why rich men hardly lose money, they know how they suffered to get the money, they understand that investment requires more than sending in money. It is people that doesn't understand the principles that easily send money to what they do not understand or what they cannot control. This is why some rich people don't have investment in bitcoin. It's either they don't understand how bitcoin works or they feel they are comfortable and not ready to play with volatility.

Quote from: Devifajarina on September 10, 2022, 11:52:27 PM

Bitcoin belongs to everyone, but the way everyone perceives it is not the same makes many people always skeptical about it without knowing that the problem is with them and not with bitcoin.

Bitcoin belongs to everyone, but those people that thinks that bitcoin is an opportunity that will end next month always fall victim of losses. But if you understand that bitcoin and cryptocurrency will still give opportunity to investment even in 30yrs to come. You will plan yourself very well.

Lubang Bawah

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Bitcoin and Crytocurrencies will continue to be uncected, it is difficult to guess whether the price will be rise or drop, as is the suspicion of many holders at the beginning of the year that the price will not drop below $ 40k but it happens even a few days ago the price of the drop to around $ 18k, this became Important lessons that we must always be vigilant and never hope too much.

Smack That Ace

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Quote from: Devifajarina on September 10, 2022, 11:52:27 PM

Quote from: KingsDen on September 10, 2022, 04:33:55 PM

There is diverse of people with diverse habit and approach to life, while some are good and strategic planners and thinkers, some does anything that enters head without cross examining the after effects. Some do things because their mates, peers or colleagues did same thing.
Those desire to meet up with trend or mate has made so many lose a nice virtue called contentment. Contentment keeps you ease and allow you to plan well without settting yourself up for distress.

I have seen some people plung into huge debts in order to own 1 btc, those that took loan to own 1btc when it was at $50k, what will be their fate today and how long would they have to wait to hit $50 again. We should learn to plan and invest in our different paces.

Investing is never justified using other people's borrowed money, this is not a financial freedom solution, but plunges yourself into new problems.
Investing also requires planning, maturity and serenity in running, how many people have money, but they are not necessarily ready to invest in crypto, because they are aware, to get started requires knowledge, strategy and understanding of investment patterns.
The fate you describe is even worse, if one cannot generate returns.

What you say is absolutely true, but unfortunately a lot of people do not understand this principle in investing. They don't have background knowledge but want to invest in bitcoin with get-rich-quick mindset, which makes them pay dearly when borrowing to invest.
If people actively equip themselves with knowledge, given the strategy, and plan all their investments, we will never see panics and dumping happening in the market.
Bitcoin belongs to everyone, but the way everyone perceives it is not the same makes many people always skeptical about it without knowing that the problem is with them and not with bitcoin.

Republikcoin.com

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Quote from: Devifajarina on September 10, 2022, 11:52:27 PM

Investing is never justified using other people's borrowed money, this is not a financial freedom solution, but plunges yourself into new problems.
Investing also requires planning, maturity and serenity in running, how many people have money, but they are not necessarily ready to invest in crypto, because they are aware, to get started requires knowledge, strategy and understanding of investment patterns.
The fate you describe is even worse, if one cannot generate returns.

A good investment is an investment that is carried out fairly and yes, it is not recommended to make a loan that will be used for investment because some people will not immediately benefit in the short term so that loan repayments can be hampered for them. And it's true as you said that investments made with planning, calm and discretion will work better in the long run because the person can be patient with changing market conditions for the worse.

Devifajarina

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Quote from: KingsDen on September 10, 2022, 04:33:55 PM

There is diverse of people with diverse habit and approach to life, while some are good and strategic planners and thinkers, some does anything that enters head without cross examining the after effects. Some do things because their mates, peers or colleagues did same thing.
Those desire to meet up with trend or mate has made so many lose a nice virtue called contentment. Contentment keeps you ease and allow you to plan well without settting yourself up for distress.

I have seen some people plung into huge debts in order to own 1 btc, those that took loan to own 1btc when it was at $50k, what will be their fate today and how long would they have to wait to hit $50 again. We should learn to plan and invest in our different paces.

Investing is never justified using other people's borrowed money, this is not a financial freedom solution, but plunges yourself into new problems.
Investing also requires planning, maturity and serenity in running, how many people have money, but they are not necessarily ready to invest in crypto, because they are aware, to get started requires knowledge, strategy and understanding of investment patterns.
The fate you describe is even worse, if one cannot generate returns.

KingsDen

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Quote from: dimonstration on September 02, 2022, 06:18:22 AM

1BTC is indeed very hard to get right now so it’s not for everyone. I think it’s important to not focus on getting a whole Bitcoin because everyone can start investing by holding just a piece of Bitcoin and just increase time by time until to reach that point because Bitcoin price will surely experience a lot of ups and down that is perfect entry opportunity to all aspiring Bitcoin holders out there. People just need to think long term if they want to reach this goal because it’s really hard to get 1BTC promptly but this is impossible in the long run.

There is diverse of people with diverse habit and approach to life, while some are good and strategic planners and thinkers, some does anything that enters head without cross examining the after effects. Some do things because their mates, peers or colleagues did same thing.
Those desire to meet up with trend or mate has made so many lose a nice virtue called contentment. Contentment keeps you ease and allow you to plan well without settting yourself up for distress.

I have seen some people plung into huge debts in order to own 1 btc, those that took loan to own 1btc when it was at $50k, what will be their fate today and how long would they have to wait to hit $50 again. We should learn to plan and invest in our different paces.

buwaytress

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Can side along with "Bitcoin is not for everyone" as I've certainly seen how it's not for the majority of people -- because the majority of people attracted to Bitcoin are attracted to its prospects of profitability... which is why speculation is still Bitcoin's biggest use case (at the moment). Hate saying it but it's true for the majority of people.

This has nothing to do with units of Bitcoin. Even at $1 Bitcoin wasn't for everyone Wink

Fara Chan

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Quote from: Detritus on September 01, 2022, 03:59:25 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.

The inability of a person to invest in bitcoin is not an obstacle, we can make a small scheme before going further, with the consideration of buying according to ability.
Because what is impossible is not in desire, but how can someone realize, althouls something we need time to review the small purchase process, if you have patient and perseverance, then that too is not possible can be prepared.

LogitechMouse

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1BTC isn't for everyone yes I agree.
That is why there is something called "Satoshi" and the good thing is that, Bitcoin can be divided into 100,000,000 Satoshis.

Why chasing for 1BTC if you can even get a portion of it? I myself, isn't thinking of having 1 Bitcoin. Having a portion of it is enough for me already. If you aren't rich then don't chase 1 Bitcoin. If you don't have that much spare money to buy 1 Bitcoin then just buy a portion of it. If only I didn't use all of my Bitcoins for some reasons starting in 2018 until now, I might have a total of 0.1 BTC already or more but no regrets at all. I will regret more if I'm not holding any Bitcoin at all.

Devifajarina

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Quote from: jostorres on September 10, 2022, 12:51:33 AM

1 btc is not for everyone but btc is for everyone because they can just buy bitcoin in tiny amounts. For someone who had an experience already in the market, they are the ones who doesn't worry while it's the opposite for a newbie. Instead of buying they will panic and sell when the price is declining. They will only realize their mistakes once they stay in this market for a long time, like us who are pioneers already.

We also regret on why we didn't join btc earlier or haven't invested on it when its price is still at 3k dollars and below. Btc is different from others because it's the main crypto while the rest can be classified as tokens and altcoins.

For beginners, it's best to buy small amounts first, before taking big steps in investing, maybe that's why people say not everyone can afford to invest in bitcoin.
However, if purchased in small quantities, the impact of the risk is not so great.
Moreover, they are not used to investing in bitcoin before.

Quote from: wxa7115 on September 10, 2022, 01:44:49 AM

And bitcoin could be there for those people, but since they are unable to endure the ups and downs of the market they refuse to buy even at the current price, something they're going to regret during the next years.

That's why I mentioned that beginners are not very suitable to invest in large amounts of Bitcoin, because they are not familiar with the risks involved, so that when prices decline, beginners will panic and take the wrong steps

wxa7115

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Quote from: Devifajarina on September 09, 2022, 03:34:31 AM

For the most part I agree, that bitcoin is not for everyone, as only a small percentage can take the opportunity to buy bitcoins in bulk, regardless of the reaction of the returns.
Bitcoin averages have shown a bull and bear wave, but on the plus side they were able to beat the lower levels, during the high price pumping.
So that people never worry when bitcoin experiences a period of decline and correction.
That's why bitcoin is different from other cryptocurrencies

And while it is true that bitcoin is not for everyone at the same time this is still a sad fact, after all if we see all the human suffering that people are experiencing because of the high inflation that is present all around the world and how much that suffering is going to increase because things are going to get even worse we can safely say that those people could make use of an asset that is not inflated away that easily.

And bitcoin could be there for those people, but since they are unable to endure the ups and downs of the market they refuse to buy even at the current price, something they're going to regret during the next years.

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