Topic: 1 Bitcoin, Not for everyone. - page 6. (Read 1035 times)

For many people, no it is not, the price is very high for the average people to be able to afford 1 btc. No doubt everyone desire to own 1 btc but the financial situation has made it impossible for some people to achieve this.
My goal is to own a good amount of btc, 1BTC should not be the limit.

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.

But it could be very hard, not just in terms of money that you have to accrued to make that 1 bitcoin, but the time and the mentality as well. 10-15 years, might take too long for the majority of us. Or maybe some of us can't afford that time because we started late in our bitcoin accumulation. So personally, I would not just push myself into it, of course I will save what I can only afford and dream that someday I will be a member of that prestigious group. But don't put too much demand on yourself. Pushing yourself might end up bad for some of us.

I believe 1 bitcoin is for everyone, especially those who keep trying to accumulate satoshi after satoshi and never stop until they reach their target. Some people want to have 1 bitcoin but don't have much money and realise they need to spend a lot of time to get 1 bitcoin. They started working harder than anyone else and, in the end, owned it and sold it at yesterday's ATH price. Now they have managed to have more than 1 bitcoin and it is not easy because they have to have great determination and intention and, of course, have a dream to have 1 bitcoin and more.

Inasmuch as poverty will ever be in the world, then Bitcoin can't be for everybody whether you desire it or not. Although everybody has equal right on Bitcoin, all they need is to find a means to own it.

It might take some people several months of work, savings and others to own it, while it might take others several years, it does not matter. What really matter is that Bitcoin is a good investment like performing stocks, it will be good for everyone to have at least one in their wallet. And if such person could be a good speculator of when it will rise and fall, then more fortunes could ever be made by him or her.

Might not be for everyone, true, but there are ways that someone can stick to his plan, work his ass off save some overtime and then have it in his wallet for the next couple of years.

At least for those people who have goals to get rich down the line. Old but some interesting data in here:

https://cointelegraph.com/news/wallets-with-less-than-1-btc-account-for-just-5-of-bitcoin-s-market-cap

for how many thread created in which a person wanted or longing to have a 1 bitcoin but most of them only got frustrated as the price keeps on growing year after year. so maybe the best target here is to Just buy whenever you have funds? accumulate every piece that may come your way? but never turn your funds into pure crypto because remember that volatility will keep breaking our beliefs , just buy your enough funds and let the rest do it for you specially the time.

Well since bitcoin price is always going up in the long run, it will also get harder for newcomers to acquire 1 whole bitcoin but we are still not at a price level to make it impossible for regular people to accumulate that much. $20,000 may seem like a lot at first but it is still possible to start buying and earning that much over time.

Many people are definitely doing it with 1BTC being their target. You can also try to make some small profit on a small portion of what you already own by trading bitcoin when the market is most predictable or shitcoins when they are getting pumped and dumped.

Not with that attitude. If a certain person really wants that magical BTC1, he/she's going to work hard for it. Sure, it will be far harder for some people(if you have a shitty job and you have 3 children, etc), but it's still not impossible. Totally up to the person how he/she's going to achieve it.

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. This is the success according to me. Even the shares can't be invested in such a way. Now those access were availed, that everyone needs to invest dividing a single share in to multiple share according to people's requirement.

Obviously, the more the better. I just know a lot of people personally won't get into Bitcoin now, because they feel out priced, simply because they can't justify or afford to buy one Bitcoin. Even though I've explained it a million times, and torn my hair out in the process, they just can't seem to get over that mental block.

Yeah, despite Bitcoin being complex, I think stocks are even harder to understand, and I can see the appeal that Bitcoin has from that perspective as well as the core principles of Bitcoin. Bitcoin's almost like a catch them all.

Personally, I'm not as comfortable investing in stocks than I'm with Bitcoin. Stocks are highly dependant on how the company performs usually, whereas there's a lot of factors in that, which are wildly unpredictable, especially when it comes to the reputation of the company, and the people running it. Although, I guess to a certain degree the same could be argued for Bitcoin, though Bitcoin being decentralised there's at least a bit of mitigation to prevent that.

Anyway, by all means make one whole Bitcoin your target, but don't make it prevent you from getting into Bitcoin if you can't afford it. Most people can't afford that amount for an investment, especially something you might not be completely sold with (that usually takes a year or two).

Your lucky 😜 to have yours, but don't think you have enough, if you earn more money from work your definitely going to buy more. But not every one can afford 1 now.

Even when Bitcoin was almost worthless the main aim of investors back then was to accumulate as much as they could afford to risk. In this present day when Bitcoin price is beyond the reach of the average man, accumulation of Bitcoin is still the idea.

Price is not the concern when dealing with assets that can be broken into smaller bits. The more the accumulation the closer it gets to 1BTC. Some times all it requires to own a single BTC no matter the price is patience, taking advantage of opportunities especially during the bear and discipline to buy the dip

I guess the goal should be to accumulate as much as you can in a bear market and HODL. Not necessarily 1 bitcoin because with the current price, it's hard to save that huge amount specially for average Joe which is the majority of us here.

So if you save .010-,1 BTC then that is good already. Admit it or not, it's really hard to get to that supposedly club. I have other assets that I also hold, like stocks so I think I'm good with both of them in my portfolio even if not necessarily 1 bitcoin.

I agree, it's like they created this idea that you need to be a member of 1 BTC club. So regardless if you can get to it or not, just take advantage of it just like money because it is money after all.

I was also obsessed with the idea before, to be honest was able to save 1 BTC. But then again, I sold some and used it the way I wanted it to be and then just continue to reinvest in bear market. At least there is no pressure to save and then what?

I would agree with you, but still think people should own 1 Bitcoin if they're able. 

I don't think people should be focused on just Bitcoin though.  It's a great addition to a portfolio, but you don't want to own all Bitcoin and no stocks for example.  I know with younger folks it is sometimes easier to get into crypto than stocks, but the earlier you build a diversified portfolio, the more you will learn, and the better off you will be.

People get way too obsessed with owning whole amounts. I'd just say if you truly believe in Bitcoin, and you think it might be a good investment regardless of whether you'll use it to just take money out later, invest whatever you can afford, without putting yourself in a position where if it fails, you'll be stuck.

Far too many people are going either all out, and investing every little bit they have or the opposite collecting dust for years, and hoping they'll somehow become a millionaire. Hey, maybe in another ten years I'll be eating my words for that last sentence, but I'd say you should be investing at least enough that the medium term would benefit you.

Yeah, 1BTC is not for everyone, there are millions of people around the world who can not afford to buy 1BTC at current or even less than what it sells now.
Given that btc has a very limited supply, assuming the price was trading at 1$, it still won't go around for everyone, and right now the high price has made sure not everyone can own 1BTC, but the good thing is, you can still own a part of it which is way better than not owing it at all  

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  

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.