Do you guys think 0.1BTC is enough to "make it"? - page 10.

qwertyup23

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Quote from: thatcryptoalien on November 28, 2021, 02:05:47 PM

Considering the supply vs global population = 0.003BTC per person to go around.

Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.

Do you think 0.1BTC will be like owning a mansion?

Hmm this is a tricky question but as someone who believes in long-term HODLing, 0.1 BTC MAY be enough for a person to buy something decent within 5-10 years from now. Imagine, the price of BTC back in 2017 was around $4,000 and no one expected its price to reach $54,000 after 4 years. Imagine the potential of having to wait two to three forks- its price may definitely skyrocket in the near future.

With every fork having to further divide its flow of supply, there is definitely that potential of 0.1 BTC being an insane value in the future. But if I were you, continue purchasing for long-term HODLing and you will reap its benefits in the future.

batang_bitcoin

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Quote from: thatcryptoalien on November 28, 2021, 02:05:47 PM

Considering the supply vs global population = 0.003BTC per person to go around.

Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.

Do you think 0.1BTC will be like owning a mansion?

Depends on the country you're living. If likely that would be $100,000 in the future, do you think that's already enough to make your life at its best?
That's like $1M/BTC for it to have that value in $100k in the future. The question lies on your belief on how much bitcoin will be that much in the future. Well for me, I'm set and I'll hold until seeing the price that I've been waiting for and can make myself be at well in life and can be good as retirement plan.

husnija

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The mistake of many people is to over-calculate and speculate with calculations without speculating with the actual action of buying it
Don't take the time too far in last year alone, if you count bitcoin it's been very profitable. maybe there are still many who are complacent waiting for the right time but then regret it later

Wysi

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It can be possible in the future if bitcoin's value pumps 10x and if you live in a country where you live have reasonable land and construction cost and if you live in a place like Hong Kong then it's not possible even if you hodl 1 bitcoin and it pumps by 10x.

Since we don't have any capping for bitcoin and might do wonders it's better to hodl as you never know when it's reach an unexpected figure as those who were hodling 0.1 BTC in 2014 will be able to buy mansion with that if they are still hodling.

jackg

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https://bit.ly/387FXHi lightning theory

0.1btc now is the same value as 25 btc back when I started in crypto. Iff we go as well as we have done, it should be a nice amount to keep holding.

Of course, if it's the maximum of affordability, you could always go lower - 0.01-0.05 are still worth 2.5-12.5btc from 2015 prices.

dkbit98

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If you are willing to wait and hold for few years in next halving, Bitcoin will probably worth more and fiat money could be hyperinflation, but this is all my speculation.
Alternative bad scenario could also play out with some central bank digital currencies and global ban of bitcoin, but it all depends on people.
Stacking sats and holding paid out so far and I think everyone should get at least 1 Bitcoin at their portfolio, 0.1 is just not enough if you want to ''make it''.

Coyster

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It actually depends on what your definition of "make it" is, the thing is that 0.1BTC is relatively a good sum of money now (in some locations, it could be extremely large, in others it could be really small), and even in the future it could be way much larger. Though it may not be way too much right now, but it's a great amount in investment if one has or can accumulate it. Comparing it to owning a mansion could prolly be wrong cause it may not be able to afford it. To own a mansion you have to work really hard and earn quite a lot of money, and it's not by owning 0.1BTC, but mind you that if you've been able to grow a portfolio to 0.1BTC right now, then down the lane in the future you could accumulate the amount in Bitcoin that could afford a mansion.

mm2543363580

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Quote from: Oshosondy on November 28, 2021, 02:09:26 PM

If 1 bitcoin is $54000 now, 0.1 bitcoin will be $5400. Can $5400 buy or build a mansion in your region, that answer is left to you. But to me in my country, 0.1 bitcoin can only buy a piece of land, it can not be used to build a mansion to completion, but 1 bitcoin can build a small beautiful house in my area. I do not know of the future, as bitcoin price is increasing, this can later likely be possible.

I think no where in the world you will get a mansion in 5400$. Finding a small piece of land is possible in my country but it will be far from developed area. 0.1 BTC is not a huge amount but if you are a starter then your primary target will be to get to 0.1 BTC and from there on try to reach 1 BTC. The way BTC price is going up we may build mansion if 1 BTC equals 1 million USD.

hatshepsut93

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Quote from: thatcryptoalien on November 28, 2021, 02:05:47 PM

Do you think 0.1BTC will be like owning a mansion?

When? In 2030s? In year 2400? In the next millennia? And in which country is this mansion? Because a mansion in a developing country is worth a fraction of a cost of a mansion in a developed country.

There's no minimum amount below which investing in Bitcoin is not worth it. People should be investing amounts that they can afford to lose, not the amounts that are viewed as a goal by others, like one whole coin.

Upgrade00

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Quote from: thatcryptoalien on November 28, 2021, 02:05:47 PM

Do you think 0.1BTC will be like owning a mansion?

How long does the holder intend to hodl for?
1BTC a couple of years ago, was pretty valueless, but 12 or so years later it's worth enough to take someone some places up the social ladder. This could be the case for 0.1BTC in the coming years, but he/she would need to hold for long enough and be willing to take the risks involved.
If 1BTC becomes valued at $1 million, then one-tenth of it would be worth $100,000 and for many that's a life changing amount.

In another view, you shouldn't view Bitcoin solely as an investment, it's useful as a currency and utility is needed to drive growth and adoption.

BlackHatCoiner

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Farewell, Leo

So, in order to “make it” you need a mansion? What kind of mansion? There are mansions that worth few hundred thousands of dollars and mansions valuated at half billion dollars. If it's the former, yeah, I do think you will be able to afford it with that amount, in the far future.

I advice you to use a smarter formula than assuming every person uses it, cause that's not gonna happen. And even if they did, I am very sure they won't have 300,000 sats each.

Oshosondy

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If 1 bitcoin is $54000 now, 0.1 bitcoin will be $5400. Can $5400 buy or build a mansion in your region, that answer is left to you. But to me in my country, 0.1 bitcoin can only buy a piece of land, it can not be used to build a mansion to completion, but 1 bitcoin can build a small beautiful house in my area. I do not know of the future, as bitcoin price is increasing, this can later likely be possible.

thatcryptoalien

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Considering the supply vs global population = 0.003BTC per person to go around.

Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.

Do you think 0.1BTC will be like owning a mansion?

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