Topic: Days you need to work your ass at minimum wage for a BTC, by country - page 4. (Read 1386 times)

We are fortunate more than one another, some people are lucky with the country, environment and status they find themselves and they could buy as much as possible Bitcoin as if it's nothing. But it might take some people years or a decade to get 1 BTC, while some will not even be able to get 1 BTC in their entire life. So the world and this life are not balanced it's we that should plan our way around it particularly if we could afford to save bit by bit, we can be making the purchase as our financial ability could take us, and we would be surprised on what we have bought over time.

I never knew I could have as much Bitcoin as I have now, this was achieved within a year. It was a personal determination when I joined BTT and was encouraged by how people are enthusiastic about the coin, and with all my studies, I knew that Bitcoin is progressive as far as investment is concerned. This made me start saving heavily and what I have now is so encouraging.

Anyone could do this, there is some money that we are just wasting on frivolities, if we are determined and could painstakingly save to buy it with the mind set of "no amount is too small," no one would be left out in the Bitcoin investment, only that our investment size would vary depending on the opportunity we have to earn money.

I am now caught up with this thread... and maybe most things in relation to this topic have already been said or starting to repeat?  I know that I am starting to repeat, but hey, I say a lot of similar things, and maybe it does not even matter what the topic of the thread is, even though I am trying to "relate" to a feasible extent.


I think that you got the first part right, but the second part is more difficult in terms of individual actions.

The first part you are talking about taking individual actions in order to try to improve yourself and your situation based on various conditions that exist.  

In the second part, you are assessing that it is "equally important" that we try to change society.. and surely there is nothing wrong  with trying to work to change society, but I doubt that it is "equally important" as trying to figure out ways to locate and work towards taking advantage of areas that you personally are able identify in order to make sure that you are able to make your life better.

Sure people sacrifice aspects of their lives for the greater good.. so I am not really going to disparage those kinds of behaviors, but if you want to try to improve your situation, it is not necessarily taking away from others when you focus on those kinds of behaviors - even bitcoin is designed around pursuing self interests, and even presuming that if we pursue self-interests then the bitcoin system becomes stronger.

Don't get me wrong because I am not sure if bitcoin solves all problems, especially when it comes to the existence of various public goods and even the role of government to protect various aspects of the common good.... but at least when we are referring to the various monetary aspects of potentially removing governments (and even private bodies) from manipulating monetary systems, bitcoin fixes a lot of those things - and as individuals, once we recognize that bitcoin fixes a lot of monetary problems, then it seems to be to our advantage to figure out ways that we invest our time, energies and finances into such a system that is likely going to continue to grow and to fix a lot of monetary mis-incentives that are in society - even though bitcoin does not likely resolve all of those problems.. but we still have individual choices regarding whether or how much of our time, energies and finances to invest into bitcoin and bitcoin-related systems.


Also there is no choice, for anyone who wants to get price exposure to BTC, then it seems better to start investing sooner rather than later, and if you cannot invest because you do not have any money or you do not sufficiently know how much money that you have available because you have not sufficiently figured out your personal finances, then it seems better to get started into getting your shit in order so that you are able to start to accumulate bitcoin sooner rather than later, and even if you might receive payoffs for being sufficiently aggressive in regards to bitcoin accumulation, there is no need to be overaggressive or to get greedy and to gamble.  in other words, a persistent, prudent and reasonably ongoingly aggressive BTC accumulation strategies is still likely to give a lot more options than to delay such strategies, even if it might take you 30 years to accumulate .01 BTC.. but then in 30 years, 0.01BTC may well be worth in the ballpark of $100k..so even if you are accumulating less and less BTC, even $10 per week could end up paying off stupendously... which would be $520 per year, which would be $5,200 every 10 years, which would be $15,600 invested in 30 years... and so even if you are investing $10 per week now, maybe your cashflow will go up in the future too.

Well, in this case I personally don't really expect everyone to be able to buy 1 bitcoin. Although it would be great if you could buy 1 bitcoin but of course if you really want something like that for our less income then there is no need to wait to be able to buy 1 bitcoin to be in bitcoin.
There are several strategies that can be done to make ourselves as bitcoin investors such as by buying gradually (DCA) or maybe waiting in some moments when bitcoin has decreased.
When only fixated on being able to buy 1 bitcoin with difficult financial conditions it will only waste time, not to mention the unpredictable price of bitcoin every day so that collecting money to buy 1 bitcoin at once will be very difficult to do.

Sure one of the dilemmas of starting early in any investment - especially volatile ones like bitcoin - is that if the BTC price largely continues to go up, then you likely would have had been way better to leverage buy at a way earlier time and then ride it out for one cycle or more - however, one of the problems of leverage buying is that you might have had leveraged at a time in which the BTC price was way higher and then you end up losing a lot of opportunity costs, that could even last 3 years or longer, to wait out for the BTC price to get back to the price that it was when you entered into the leverage buy.

So if the BTC price is tending to go up, then many times, it is going to be higher after a whole cycle.. even though we did also have a bit of a quirk when the BTC prices spent around 9 months from June 2022 to March 2023 touching upon or even plenty of time below the 2017 market high of $19,666... which caused a lot of pundits to suggest that it might not have had been valuable to be buying BTC in the past 4.5 years based on BTC prices not then sufficiently appreciated higher than they had been in late 2017.

Even if some of those ideas would have had been technically true for anyone who might have had spot price bought bitcoin in late as a kind of lump sum investment; however, surely some of those impressions are misleading in terms of the overall value of BTC as an investment, even if there might have been a start to buying BTC near the peak of BTC price performance in late 2017.  

Just a straight forward DCA strategy into BTC buying $100 per week since about the top of the 2017 price rise would have resulted in around $30k invested and 2.6708 BTC accumulated. Of course if you do not make enough money to stack $100 per week, you can still figure out how much you would have had been able to stack during that time, and still be in profits.. and part of my point is that there are quite a few advantages of stacking BTC over time rathe than lump sum investing.. especially since many people (and probably especially poor people) could not even gather up funds for lump sum investing anyhow, so the real only meaningful and practical way to build a BTC position is to do it over time and to try to manage it into whatever extra cashflow that they are able to put together and to be able to thereafter put that value into BTC for the longer term and to let the ongoing investment to ride out and hopefully build in value and to compound upon itself, even if it might take 20-30 years or more to really see a lot of meaningful life changing value in their investment into bitcoin, and even though there are no guarantees that a bitcoin investment will end up paying off, it seems that investing into bitcoin is still amongst the best (if not the best?) option available to normal people, aka normies, aka poor people, aka not rich people.


I doesn't seem to be a waste of time to look at the data.. even if there are likely several flaws in the comparisons and the ways that different countries collect (or fail to collect) their data.. even discussing the various ways that the data is flawed might create various talking points in regards to the extent that any individual believes that s/he is able to earn beyond the minimum wage - or if regular folks are actually living off of (or paid in something close to the minimum wage - or perhaps many folks are earning a amount that differs from the minimum wage).

Of course, people make tradeoffs in terms of whether they invest into their education, job skills or various other investments (including bitcoin) that they can make after they have paid for their various living expenses.  I am largely with you in terms of the value to try to invest into things that are going to give life time earning power, so it might not be a good idea to invest money into bitcoin that could otherwise increase your life long abilities to earn on a regular basis and then from those extra earnings it might be good to invest into something like bitcoin, but sure people can choose to continue to roll over their extra income into themselves so that they might not ever be able to justify investing into bitcoin based on their still having decent bang for the buck in terms of various ways that they are figuring out how to invest into themselves and to otherwise increase (or secure) their earning power that would be above minimum wage (hopefully magnitudes above minimum wage - but then if the income is magnitudes above minimum wage, then there would be some justifications to put some (if not all) of that extra into investing into bitcoin... bitcoin is a good competitive investment, even though you are correct that investing into yourself might actually have more concrete and better payoffs that last over a lifetime and might well be harder to lose, too.


Fucking around with trading/gambling/altcoins is likely not going to be valuable uses of time - even though I can recognize and appreciate how some people are going to be attracted to figuring out ways that they might be able to earn money on line if they are having difficulties earning money through normal channels that are available in their country.

Some of those numbers are really crazy, it's insane to see such big differences among different countries but, unfortunately, that is no surprise at all. Now I understand more why before the merit system was added to the forum there were people participating in the bounties campaigns with tens of accounts, probably a few posts on this forum were worth more than a 8-hour shift in their country...

I work for a salary of no more than $230 in one month. I can't rely on this money to buy Bitcoin, to pay electricity, water, internet, food and drink, school fees have not given much money left over to buy bitcoin. But actually I am lucky enough to have known Bitcoin since 2015. So I feel happy, right now I am focusing on the funds I have for the needs of life and Bitcoin investment. I have separated everything and I will not try to reduce the amount of Bitcoin if it is not in urgent conditions.

My sister is currently working in Germany. It's great to hear that you only have one year to obtain one Bitcoin, implying that the income is huge. It encourages me to work in Germany, where she lives. I truly want to own one Btc someday, and that is my for a long time goal. It's great to have "whole number" of Bitcoin because most people only have decimal of it. Working overseas is not easy, but with motivation and inspiration, it is very possible.

This will create certain risks, and in this way you can not only increase the bitcoins in the wallet but also lose, so I would not risk my bitcoins, which I buy for the long term.

If you want to test your skills in trading, then for this you can allocate part of the budget and just try to trade bitcoin, say, in pair with usdt. A few months of trading will be enough to see what results, maybe after that the desire to sell your bitcoins in order to increase their number in the wallet will change.

In fact, the current price of bitcoin is quite high for the average citizen, and not everyone understands that buying bitcoin in parts, satoshi, also makes sense. Thus, they think that they just missed the right time to buy and do not even think about buying now. At the same time, they do not have many alternatives to where they could put their money to save them from inflation. Quite a lot of people save, but most just keep it in fiat and inflation eats their savings year after year.

It's good to learn every day, and Moreover we aren't parfect on anything so the best idea is always keep our self busy because the more we work the more knowledge we aqure.
If we have a low income by month end you can live your country because their will not be enough money to do so, that's what everybody wanted, living your country to another is also called learning, the type of work you do depends the amount of Bitcoin you hold, op if you are saying this I don't think you have store enough Bitcoin.

I agree with your overall sentiment regarding figuring out ways to increase your income, whether that is getting a second job or figuring out ways to increase the amount that you make.... not always easy without learning new skills - which surely it would be better to get paid while learning new skills, but not everyone is going to have those kinds of luxuries, especially if they might be wanting to switch industries or to get known for having skills in a kind of work that pays more than their current work.

Regarding getting a whole coin, that likely is not necessary, especially for people who live in parts of the world in which they are accustomed to lower costs of living, and even if they want to live in a western society with a decently strong western income, they might not even need a whole coin to accomplish that..

My latest chart (last revised on April 17, 2023) shows that fuck you status of around $2 million based on the 200-week moving average of an investment portfolio will likely be reached in around 20 years (in about 2043)... .so there are quite a few folks around the world that would not necessarily need $2 million in today's dollars to feel as if they reached fuck you status.. $2million generates a passive income of about $6,666 per month, and many people can get by comfortably on a way lower amount of passive income... maybe even less than $1k per month for some folks.. and still feel comfortable within their own expectations and feelings of comfort/luxury.. or having everything that they need/want.


If your goal is to accumulate more BTC, then the best way to do that is to continue to buy BTC through DCA, lump sum and buying on dips.. and then perhaps HODL if you run out of money when you buy on dips but the dip keeps dippening.

It is very risky to be fucking around with selling BTC in order to accumulate more.. .. even though in theory and on paper it seems like it could work... but still risky in actual practice to fuck around with selling in order to accumulate more BTC when the better practices remain buying regularly and buying on dips.. or saving for dips... sure maybe once you get to a decently high level of BTC and maybe you are even way overly allocated in BTC, then perhaps it would be good to start shaving off some BTC as the BTC price goes up in order to prepare just in case it might come back down, but if it does not come back down, then that might be o.k. too in order to have had taken some cash out of BTC and perhaps just holding it for extra spending money, increasing your living standard, investing/diversifying into other assets, or whatever.. gives some flexibility to sell small amounts of BTC at various points, maybe 10% for every 100% the BTC price goes up or some kind of reasonable kind of raking of approach like is described in Rpietila's (Risto) (RIP) 2013 Thread entitled.:  (SSS) - A Sane and Simple bitcoin Savings plan


For sure, one of the advantages of having had gotten into bitcoin within the past 4-10 years would have had been that you may have had some time to accumulate BTC prior to the most recent price run up that started to happen in late 2020 and really we went from $10k to $69k back down to $15,479 and then to our current price of around $29k - which has not really made it easy to acquire a lot of BTC in the past 3 years or so.. And, in that regard, it would have been better to either get in early and to lump sum invest or just to get in early enough that most of your bitcoin acquisitions had taken place prior to the last run up.

Alternatively, people who are new to bitcoin at this particular moment do not have the luxury of being able to go back in time and to buy bitcoin at lower prices, so they have to figure out what they are going to do right at this moment based on information that is currently in front of them.  Buy or not to buy?  How much to buy?  how aggressive to be?  Are there ways to increase my income or to reduce my expenses in order that I can buy more bitcoin in such a way that is sufficiently aggressive, but not so aggressive that I end up recking myself?


The reasons for wealth distributions around the world are complicated and frequently neither tied to merit nor are they zero sum game propositions.  There are a lot of ways that rich countries exploit and take advantage of poor countries, including that there are ways in which they are bullies and force monetary policies and even interfere with domestic production in order to create and perpetuate reliance and dependency relations.  

There could be ways that bitcoin can help to fix these matters, even though surely poorer countries will have quite a few disadvantages in terms of getting stakes in bitcoin, but that still should not deter them from creating policies to get bitcoin, just like individuals should still be striving to get bitcoin, even if poor people are more disadvantaged in their abilities to get bitcoin, but they also should have more incentives to get bitcoin - even though everyone rich and poor are becoming more aware of the power of bitcoin - but some rich folks, institutions and countries are still not recognizing and/or appreciating the power of bitcoin so anyone who gets started sooner rather than later will likely be advantaged over those people who are learning about bitcoin later (and who are acting on their knowledge later).. there are needs to act upon the knowledge that bitcoin is a good (if not the best investment currently available to everyone)... so the sooner you start actually investing into bitcoin the better, even if you are poor as an individual, institution or a government.

If I assume that they receive the minimum wage that they don't use for other purposes then they can achieve their dream of owning 1 BTC in the estimated days that you have described. However, it is likely to be quite difficult for them if they do not touch the wages they get for their living needs such as paying taxes, paying rent for houses and all the things in the form of credit that they do. But I think everything is based on faith then someone will succeed faster in accumulating 1 btc in their portfolio such as Trading and becoming an early investor in the token sale. Apart from that, the source of surprise might be from the airdrop results which can be said to be up to $1k or more which is somewhat of a current hype such as Arbitrum and Optimism which they can use as side assets that will be used to buy BTC.

When we check statistics like this we feel relieved for being on this Bitcoin journey for a long time already, since those times when BTC was pretty cheap, otherwise we would have to work for more than a decade yet to reach the same results we did in few months or 1-2 years on the early days.

On the other hand, for those who are starting just now, they shouldn't feel discouraged. It's possible that in some years you will have to work for two decades or more in order to acquire a single BTC coin. So, a decade doesn't look that bad at all for you who are starting your journey right now.

Well boys, I pick Australia.

Welcome to McDonalds mate, may I take your order?

Your determination is very inspiring for all Bitcoin enthusiasts who persistently purchase Bitcoin even in small increments from their monthly savings, despite all constrains and challenges they face to generate some saving for investment in this valuable asset. Our strong faith in Bitcoin's potential to transform our lives in future keeps us confident and resolute in our investment journey despite daily fluctuations in its price.

I'm happy with this thread because it seems interesting and here I will represent my own country, namely Indonesia. For a salary below this minimum it is quite difficult, even to dream of earning BTC. This is quite interesting because I have to fight every day working without a day off and even sacrificing rest time to work part time to earn BTC. What's more, in my area the minimum wage is below average, it seems difficult to earn some BTC if we stay in the same position doing nothing to supplement our income and relying solely on paid work from a few companies. Even though the condition is very small in terms of opportunity to be able to buy BTC, I will never give up on saving because I believe this is an investment that will save me when I get old and one day I will be able to sell some of my BTC at the highest price.

You have touched upon an important aspect of socioeconomic inequality and personnel growth. Indeed, people's access to opportunities and resources can greatly influence their ability to earn higher wages. The factors those contribute to this disparity include education, geographical location, their skill level and above all market demand.

In summary, recognizing and appreciating opportunities, we have to be proactive in seeking personnel and professional growth can help individuals progress toward higher paying jobs. Simultaneously, it is equally important to address systematic errors on broader level for fair distribution of opportunities.

Earning one Bitcoin, in most of developing countries for a middle-class person, it is an arduous task and may require him to work for many years to generate sufficient saving to achieve this ambitious goal.

Numbers wont really be that accurate and just like on what others been saying on this thread that there would really be factors which arent that constant just like on what you have said about
price of Bitcoin would neither be going higher or cheaper with that particular accumulation span, plus having the risks on having that job forever isnt that possible on some circumstances and
salary amount could neither change up or not plus been mainly affected by inflation plus deductions of those expenses on which in overall you cant make out calculations basing up
on what you do earn. There's so much deductions on several key areas which it would really be longing out the duration and those numbers would be more than on what
on OP stated.

In the end, we could still able to accumulate Bitcoin on smaller parts and wont really be that necessary on getting a whole but its not really that bad on having a target something like this
on minding about getting a whole coin but the ways and methods or duration would really be varying on each person.

Wow, I have no words to say here. I am from Bangladesh and in that long list, it's on number 150. The minimum wage here is approximately 8000 BDT per Month which is $74 (+-).

51,651 days for one Bitcoin. LOL. That's 142 years. I'm not sure if I'm gonna live 42 years late alone 142! Gotta put my children and grandchildren all together at work in order to get one Bitcoin. This truly explains how life could be. It is not easy and not the same for everyone. This has clicked a switch in my brain. Do not look at successful people and think you can become successful just the way they did. Create a formula that suits your environment and situation. Find the right path that will lead you to your success. If you just copy someone else, their life won't match yours. There will always be differences.

Gotta work hard till I can reach that point where people will look at me and say, "I want to become successful like him".

Generations are considered to be around 20 to 30 years.

https://en.wikipedia.org/wiki/Generation#:~:text=A%20generation%20refers%20to%20all,and%20begin%20to%20have%20children.%22

So if we average that range (to 25 years), then 312 years would be 12.5 generations.


On a personal level, try to get jobs that earn more than minimum wage, and other ways to improve your income.

I understand that some people have more opportunities to earn wages as compared with others, and sometimes we might not recognize/appreciate some of our opportunities or realize how to spend our time - in terms of learning new skills that might allow us to be able to seek higher paying employment..

Well a .010 BTC goal would just make the stats /x10 and keep the same.

All statistical data can turn to be useless if you think it's not taking into account every aspect. For example, let's add rent, but why add rent if people live in a country with 90% homeownership? Let's add food costs but what about the ones that grow their own crops?
How can we even define the minimum needs others have and from this how can we expect what their goal is as it would be different for each individual not by country?

It's a funny stat, I like it because we always talk about Bitcoin crashing and ending up working for McDonald's instead of buying our island so this is a glimpse at what's waiting for anyone relying on it!


But you can agree that's far easier for someone in the US to get his hand on 30k than from a guy in Madagascar!


And maybe that you have to also get out of that country just as fast as inflation rises?   


Data is from 2022 and was expressed in $, so taking into account the euro was stronger that's why the difference now since I made the target in $ also. The same parity shows now a minimum wage in Greece of 809$ euros if we backtrack but use the current exchange rate.