1 Bitcoin, Not for everyone. - page 4.

jostorres

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Quote from: Devifajarina on September 09, 2022, 02:34:31 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

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.

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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

pieppiep

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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.

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Quote from: NeuroticFish on September 06, 2022, 04:32:55 AM

Quote from: Tony116 on September 06, 2022, 04:22:48 AM

To own 1 bitcoin from now on really not many people can do

I think that $20k is doable in most western countries. The problem is that most of those affording $20k don't trust bitcoin so they invest so much in that.
Somehow we forget that we're still a small community; and we also forget that this is only the beginning, bitcoin is still young.

It is true that if you live in a country in which the average salary for each person is higher then it should be easier for such person to try to buy a whole bitcoin, however as we know in a great deal of those countries people are living way beyond their means which means they do not save a single cent out of their monthly pay and instead they even spend more money than what they earn, so despite the amount of money they get as their salary they have no way to get any bitcoin either.

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Quote from: lalabotax on September 08, 2022, 04:59:40 PM

Quote from: KennyR on September 01, 2022, 06:49:08 PM

Maybe 1BTC is not for everyone, but Bitcoin is for everyone. Once it served to be an investment of all levels of people, now only the richest is able to afford as a whole. However every people are able to invest on atleast a small part.

Of course, not everyone can buy 1BTC. Even with the current price of $19k, it is a huge amount of money for a poor person like me. I will never have a BTC investment if it is a must to buy 1BTC. Cheesy

Luckily, we can buy a small part of Bitcoin, it is not a must to buy 1 BTC. So, both rich and poor people can have BTC investments. But, someday, I am still dreaming of holding 1 BTC.

Since there are fewer rich people in this world than poor people, of course more people cannot afford to buy 1 BTC. But as you said we don't have
to buy 1 BTC to be able to invest in Bitcoin, because we can buy Bitcoin fractions according to our respective finances. Even with $10 we can buy Bitcoin,
meaning Bitcoin is affordable enough for anyone to buy. We don't need to be rich first to buy Bitcoin, even with a small salary we can actually have 1 BTC,
the most important thing is to be patient to collect Bitcoin fractions little by little, in the end 1 BTC can be earned by anyone who tries hard to collect it.
So never give up to be able to have 1 BTC, although the price of Bitcoin continues to rise. But with a strong intention and also accompanied
by persistent efforts, I believe anyone can own 1 BTC in the end.

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I am pretty sure that we are going to end up seeing a lot of changes in the bitcoin accumulation by people eventually. People buy it to get rich these days, but people will eventually realize that they shouldn't buy it to get rich, they should buy it to hold it for long, even too long.

I personally feel like if I can do the right thing, then I could hold it until I die and pass it to my child one day, if I ever have a kid. That way it would be possible for them to have a much better life. I am doing alright, I do not need wealth to be happy, I am happy without wealth, but providing wealth to my kids would be something I would be super happy about.

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Quote from: KennyR on September 01, 2022, 06:49:08 PM

Maybe 1BTC is not for everyone, but Bitcoin is for everyone. Once it served to be an investment of all levels of people, now only the richest is able to afford as a whole. However every people are able to invest on atleast a small part.

Of course, not everyone can buy 1BTC. Even with the current price of $19k, it is a huge amount of money for a poor person like me. I will never have a BTC investment if it is a must to buy 1BTC. Cheesy

Luckily, we can buy a small part of Bitcoin, it is not a must to buy 1 BTC. So, both rich and poor people can have BTC investments. But, someday, I am still dreaming of holding 1 BTC.

doomloop

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Quote from: Bitcoin2009 on September 07, 2022, 10:52:22 AM

bitcoin stock is very limited and more than 50% is already stored in the wallet, with a total amount of 22 million of course not everyone can have 1 btc, moreover the price of 1 btc in my country can buy a house the size of 100 square meters if in the city and if in the village can get 500 square meters.

Not all btc are safely stored in the wallet but there might be some who lose permanently in the process like they sent the btc to an invalid address but I think 50% is too low when the total btc mined is already 90%+. Also, the supply of btc is not 22 million but it's only 21 million. With the price of btc which are now expensive, it's almost impossible now for a regular individual to own one.

Not unlike to the early adopters where they only bought their btc at a much cheaper rate. If you have $18k right now, you will think deeply if you will buy a one whole btc or prioritize other things which you think are more beneficial to you like house or land.

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Quote from: Quidat on September 06, 2022, 05:13:41 PM

Quote from: NeuroticFish on September 06, 2022, 04:32:55 AM

Quote from: Tony116 on September 06, 2022, 04:22:48 AM

To own 1 bitcoin from now on really not many people can do

I think that $20k is doable in most western countries. The problem is that most of those affording $20k don't trust bitcoin so they invest so much in that.
Somehow we forget that we're still a small community; and we also forget that this is only the beginning, bitcoin is still young.

For western then it would be likely that really that hard but for those who do live on east or 3rd world countries then it would really be close to impossible thats why we cant really say that it would be simple.1 decade on its existence is indeed not that too late for people who do tend to invest.Its not really necessary to get 1 whole coin since you could really get bitcoin on fractions
which means it would really be just basing on what you could really able to afford but of course you should always mind about risk because there's no guarantee that it would really
take off on the future but basing and looking into its potential then there's no doubt about that and Bitcoin is for everybody as long you do know on what it is
even with just the basic understanding then you're good to go no matter what status you do have.

Like in every investment, the same rule is there for Bitcoin too: don't invest what you don't afford to lose. Of course, poor people, people who clearly don't afford investing (into anything at all) will be missed out. The few who can afford to invest will probably have to invest less and lower their expectations (maybe 0.1 BTC?).
After all, while Bitcoin is an interesting investment, it's not a simple "get rich quick" scheme.

Bitcoin2009

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bitcoin stock is very limited and more than 50% is already stored in the wallet, with a total amount of 22 million of course not everyone can have 1 btc, moreover the price of 1 btc in my country can buy a house the size of 100 square meters if in the city and if in the village can get 500 square meters.

Quidat

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Quote from: NeuroticFish on September 06, 2022, 04:32:55 AM

Quote from: Tony116 on September 06, 2022, 04:22:48 AM

To own 1 bitcoin from now on really not many people can do

I think that $20k is doable in most western countries. The problem is that most of those affording $20k don't trust bitcoin so they invest so much in that.
Somehow we forget that we're still a small community; and we also forget that this is only the beginning, bitcoin is still young.

For western then it would be likely that really that hard but for those who do live on east or 3rd world countries then it would really be close to impossible thats why we cant really say that it would be simple.1 decade on its existence is indeed not that too late for people who do tend to invest.Its not really necessary to get 1 whole coin since you could really get bitcoin on fractions
which means it would really be just basing on what you could really able to afford but of course you should always mind about risk because there's no guarantee that it would really
take off on the future but basing and looking into its potential then there's no doubt about that and Bitcoin is for everybody as long you do know on what it is
even with just the basic understanding then you're good to go no matter what status you do have.

NeuroticFish

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Quote from: Tony116 on September 06, 2022, 04:22:48 AM

To own 1 bitcoin from now on really not many people can do

I think that $20k is doable in most western countries. The problem is that most of those affording $20k don't trust bitcoin so they invest so much in that.
Somehow we forget that we're still a small community; and we also forget that this is only the beginning, bitcoin is still young.

Tony116

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Quote from: yhiaali3 on September 05, 2022, 03:02:05 AM

1 Bitcoin has become a dream of many people because the price has risen thousands of times and because people believe that it will rise several thousand more in the future. This is a fact yes, no one expected several years ago that the price of Bitcoin would reach 70k$ at a peak, so many people who got several Bitcoins in the past sold them at very cheap prices, now everyone is holding the Bitcoin and they are only willing to sell at very high prices.

When bitcoin was cheap, one person could buy a lot of bitcoins, no one cared. But when 1 bitcoin costs tens of thousands of dollars, people rush to find ways to own it. People always tend to ignore things that have no value but are willing to buy them with high value.

To own 1 bitcoin from now on really not many people can do but we still have a chance to own bitcoin, we can buy a fraction of bitcoin, not necessarily exactly 1 bitcoin. Take advantage of the opportunity now, don't let the bitcoin price reach $ 100k or $ 1 million, the opportunity will be gone.

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Quote from: bluebit25 on September 03, 2022, 01:57:02 AM

Even with some of the personal cases that I am seeing for myself since getting to know crypto, I still see the popularity of many people increasing, but it is only a small part. As no one in my family can afford to buy it and understand it in a basic way, some people have heard about it through the media and the value it brings. However, the majority of them believe that it is not for their lives to pay attention, causing the world to increase, but for those who cannot even access the internet, they do not need to know about BTC. Nothing, and they still lead a simple life.

you dont have to Buy it , but you can earn bitcoin and maybe we cannot accumulate a whole bitcoin but learning how it moves? even a thousand satoshi is much to hold if we are talking long term here.

remember that the price will keep on pumping and that is what bitcoin is all about.

Buy at low, sell at high.

just take everything that you can gather , it will be a big help in future.

NeuroticFish

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Quote from: bitmover on September 01, 2022, 03:03:31 PM

I already have mine Grin

Well done!

Quote from: bitmover on September 01, 2022, 03:03:31 PM

Well, there are 56 million people worldwide whose assets exceeded one million dollar.
Source:
https://en.m.wikipedia.org/wiki/List_of_countries_by_number_of_millionaires

As there are only 21 million bitcoins, there are 0.375 btc for each millionaire.

Actually this math is terribly wrong because there's a very good chance that more than half of the 21M is locked in wallets lost or to people or entities not willing to sell (the vast majority of those funds) for very long time.
Even more, one can safely count on the fact that some will buy more than 1BTC. Did you really stop at 1BTC? I kinda doubt it. And even owning 1.001BTC means the result is different.

On the other hand, who cares of those millionaires? Cheesy

Let them hold fiat; we hold Bitcoin.

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Quote from: yhiaali3 on September 05, 2022, 03:02:05 AM

1 Bitcoin has become a dream of many people because the price has risen thousands of times and because people believe that it will rise several thousand more in the future. This is a fact yes, no one expected several years ago that the price of Bitcoin would reach 70k$ at a peak, so many people who got several Bitcoins in the past sold them at very cheap prices, now everyone is holding the Bitcoin and they are only willing to sell at very high prices.

When there is a case of eating pizza using BTC and another time when the price of BTC raised in 70 thousand dollars. Then what happens to those sellers? Current holders of BTC can see that time which is not impossible. Because the number of BTC is limited, not everyone can own 1 Bitcoin. Now many of us are dreaming that even if it is satoshi that would be worth to hold.

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1 Bitcoin has become a dream of many people because the price has risen thousands of times and because people believe that it will rise several thousand more in the future. This is a fact yes, no one expected several years ago that the price of Bitcoin would reach 70k$ at a peak, so many people who got several Bitcoins in the past sold them at very cheap prices, now everyone is holding the Bitcoin and they are only willing to sell at very high prices.

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But of course, you should know that nothing is ever for everybody. Even as cheap as most tokens are, there are investors who wouldn't touch them with a pole. For instance, not everyone owns XRP or Dogecoin or Litecoin. So, why should anyone expect everyone to even own a fraction of Bitcoin let alone a complete one.

Quote from: bitmover on September 01, 2022, 03:03:31 PM

Well, there are 56 million people worldwide whose assets exceeded one million dollar.
Source:
https://en.m.wikipedia.org/wiki/List_of_countries_by_number_of_millionaires
As there are only 21 million bitcoins, there are 0.375 btc for each millionaire.

I already have mine Grin

You've to factor in the fact that not all those millionaires listed are fans of Bitcoin. So, that should leave extra on the table for non-millionaires like me 🤔

Quote from: n0ne on September 03, 2022, 04:33:38 PM

I'm not sure, even the POPE won't be able to buy 1BTC as he doesn't have any salary. Shocked

Don't leave a bet on that. The Pope could be one of the richest in the world with all that daily offertory and aids to his office 🧐

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And meanwhile here I am pretty satisfied with the Bitcoin I have (which has a bunch of zeroes behind that decimal point). I honestly don't think it's much of an issue even, heck Bitcoin being transacted even with values below 1 is what makes it another good option as a payment method and also enables other late investors to enter and own Bitcoin. Just invest and buy what you can afford, buying 1 Bitcoin does make you kind of like a premium but honestly, that's like a self-praise kind of thing imo. However much you have, it doesn't remove the fact that you own Bitcoin.

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Quote from: serjent05 on September 04, 2022, 06:15:17 PM

1 Bitcoin is for everyone to take but the problem is, is everyone has the ability to buy 1 Bitcoin? The good thing is that Bitcoin is divisible by Satoshi or even smaller. So if we failed to get 1 Bitcoin, we can always have an option to get 1 satoshi Grin

. So better to get satoshi now, do not wait for the time when even 1 satoshi is hard to afford. Let us learn our lesson from the previous mistakes of not getting 1 BTC when it was very affordable.

One thing that happens is that people buy their coins out of FOMO but when that feeling takes over the market we are already close to the top of that movement, but when FUD is the dominant feeling, like it is right now, very few people buy bitcoin, and even if the price of bitcoin is still high and not many people can afford to pay almost 20k for a bitcoin they can surely buy way more bitcoin now than what they will be able to buy if they decide to let go of this opportunity and buy bitcoin in a few years once the bull market is already present.

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