Topic: As the price of a single bitcoin gets further and further out of reach..... - page 2. (Read 1342 times)
March 01, 2017, 02:40:18 PM
I do agree with you as the time goes by bitcoins price does really increase on which most of us can't buy or able to get to a whole bitcoin since its to expensive but we can still buy on fractions which means we can gradually save up for future and those people have capability to do so then they do have the advantage.
March 01, 2017, 02:38:33 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
It is hard to decide especially when there are emergencies that you need money. Your savings is being reduced every time you need money, but you can't really help it when you need it.
But I'll say maybe, maybe a thousand? That's really enough for me.
March 01, 2017, 02:36:46 PM
If we understand "Upper middle class" in the US to refer to someone with a household income of, say, $80,000, then of course they can still buy full bitcoins. It's just a question of how they prioritize their savings and spending.
In any case, bitcoin will never be "out of reach" because it is completely arbitrary to speak of bitcoin only in whole numbers. If it goes to the moon there will be plenty of people happy to own just a fraction of a bitcoin.
In any case, bitcoin will never be "out of reach" because it is completely arbitrary to speak of bitcoin only in whole numbers. If it goes to the moon there will be plenty of people happy to own just a fraction of a bitcoin.
March 01, 2017, 02:25:55 PM
When you buy bitcoins, ther is often a minimum amount of bitcoins you have to take, for example 0.1 btc.
For people with not that much money, or newbies who just want to test it out a bit, that amount might already be too high.
I think with an increasing price combined with a minimum amount that has to be bought, the bitcoin currency in general really gets out of reach for many people.
Not only the price for one single bitcoin.
For people with not that much money, or newbies who just want to test it out a bit, that amount might already be too high.
I think with an increasing price combined with a minimum amount that has to be bought, the bitcoin currency in general really gets out of reach for many people.
Not only the price for one single bitcoin.
March 01, 2017, 02:11:09 PM
At the end of the day it doesnt really mater if the average american cant afford to buy a single bitcoin, thats why biotcoins can be broken down into bits. The bigger problem is not how much it costs for a bitcoin but how much an everyday transaction costs. The more a bitcoin costs the more the transaction fees are it would appear. At this rate one day the average american may be able to buy some bits but never afford to send a transaction =p
March 01, 2017, 01:56:54 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
IMO Bitcoins are nolonger an attractive entry point of investment for any crypto enthusiasts looking to invest for a long time, but I would suggest buying altcoins that show potential to grow and will payoff in the long run as demand for them keeps growing.Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
But then again bitcoins are full of surprises and have the potential to pay handsomely regardless of what price you buy them for. Lets buy what we can afford, we can be rich one day.
For me its impossible that there are some altcoin that will be the same as bitcoin.. until now no growing altcoin that touch in $100 each or much more.. so for me bitcoin can be still give us more profit than the other crypto currency..
March 01, 2017, 01:56:35 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
IMO Bitcoins are nolonger an attractive entry point of investment for any crypto enthusiasts looking to invest for a long time, but I would suggest buying altcoins that show potential to grow and will payoff in the long run as demand for them keeps growing.Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
But then again bitcoins are full of surprises and have the potential to pay handsomely regardless of what price you buy them for. Lets buy what we can afford, we can be rich one day.
when price was under $500 just less than 6 months ago anyone bought even half a million bitcoins now could've sold out all 500kBTC double or more of the price within just a week.Currently there are thousands of millionaires familiar with crypto but what is stopping them from hoarding and stashing bitcoins today?
Fear, and that is the main reason for them not to invest heavily by accumulating coins over time, but future belongs to the bold and fearless people not skeptics and cowards.
March 01, 2017, 01:37:37 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
IMO Bitcoins are nolonger an attractive entry point of investment for any crypto enthusiasts looking to invest for a long time, but I would suggest buying altcoins that show potential to grow and will payoff in the long run as demand for them keeps growing.Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
But then again bitcoins are full of surprises and have the potential to pay handsomely regardless of what price you buy them for. Lets buy what we can afford, we can be rich one day.
March 01, 2017, 01:17:55 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
This time last year I was discouraged when bitcoin was trading between 230$ to 450$ but now I am happy bitcoin is trading above 1200$. With few hundred of bitcoin I will become a rich man from the side of the world I come from. For now I will keep on hold to what I have if possible till bitcoin will be trading above 2500$ Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
March 01, 2017, 12:52:27 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
Well good luck. If even Westerners can't buy bitcoins in bulk, imagine how it is for us that live in 3rd World countries. I hear a lot of people talking about aiming for at least BTC21 but that is quickly becoming harder to reach without shelling out a lot of fiat to convert. BTC21 is more than a million in my currency so getting that much within a year or two would be close to impossible for me. I'm just focusing more on finding ways of earning more bitcoin and how to grow them so I can then use it to fund something I can manage (for example, an actual business that is not online).
March 01, 2017, 12:46:29 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
No one know the price bitcoin will reach but you can make some calculations lets suppose that for you being rich means having 100k dollars if you think bitcoin is going to have a value of 5k by 2025 then you need just 20 bitcoins at current prices you will need close to 25k to get them, personally I will wait since the ETF decision is coming soon and that may lower the price of bitcoin a little bit. Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
March 01, 2017, 12:36:43 PM
"Rich" is very conditional term. As for me a guy is rich if he has 20 bitcoins. As of price variations, nobody can measure it accurately in a decade perspective.
March 01, 2017, 12:25:24 PM
You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
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