Topic: Do you guys think 0.1BTC is enough to "make it"? - page 2. (Read 1219 times)
I think that it's enough to "make it", but the price of 4k-5k is far away for a mansion. To be like owning a mansion, you probably need 20-30BTC.
If by "make it" you mean being able to stop working for the rest of your life, then the answer is probably no. At least not before 2035 or so.
How one defines "make it" will pinpoint the answer to this question.As the mining of bitcoin get completed any amount of bitcoin held today will be worth a lot of money in fiat at that time. So it makes sense to accumulate more coins at lower price. Hence there will be people who want to buy at the lower price and there will be people ready to sell at higher price too.
I dont think a specific year will make sense to answer. It will take another 119years completely mine all the coins. But truely but the next decade there will astronomical prices of bitcoin.
Do you think 0.1BTC will be like owning a mansion?
I have 0.1 BTC when 1 BTC price was 9k USD, so that means 0.1 BTC is around 1k USD. Right now 0.1 BTC is around 5k USD. So till date I dont think 0.1 BTC is like owning a mansion unless you live in some country where real estate is very cheap. I can own a mansion in my country if I have 1 BTC as of current price.
I think it can be defined as "success" when you own Bitcoin. You can change from 0.0001 Bitcoin to 0.001 Bitcoin. The prerequisite is to have a strong investment ability, and accumulate little to make more. Bitcoin can make us richer.
It actually depends on your country currency, like in my country that's alot. But the fact that all countries don't use the same currency make us not be able to really generalize it. But like I said initially that's alot in my country (i.e it is enough to"make it").
1 btc would be enough depending on which part of the world you're living.
With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
on the other hand it all depends on our lifestyle. no matter how much money with a high lifestyle it will always be lacking. Therefore, it is important to be grateful and style according to ability. with an investment of that size I think it's enough if we can use it according to later needs With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
So if 1 btc isn't that much in your lifestyle and you're going to spend it like a millionaire in a day, there's nowhere to go with that money.
In the end, we all have differences in finances and knowledge on how to handle and grow it. Whether it won't be that much or that's already much, the decision is in your hands.
Depending with your lifestyle, for me 1 BTC is well enough I mean well enough to start a business that will sustain my financial needs, not just me but my whole family, from where I live the amount in fiat already capable to own a house a decent one and open small business that will help to make a good living.
like what you have said, the amount is good enough for people who are not luxurious.
But for those who want to live like a millionaire, that amount is not going to work, it's just a day or a week's expense.
Well, being wise plus living frugally would make you use that amount for so long. Unlike those who lives like YOLOing with that amount of money.
0.1BTC is a not so big sum when converted to fiat, but if asked if it is sufficient to "make it", i'd say the answer is completely relative to the definition every individual has of the term "make it". We all have standards and milestones financially we've set for ourselves that until we get to that point, we can't say we have made it. At current rate, 0.1BTC is 4,902USD, which is 2,016,530Naira (my local currency), with the current economic hardship, that money is nothing close to making it for the big minded.
It's definitely not a tremendous amount of money, but still a decent portion of Bitcoin for today's standards. I'm trying to earn as much as possible, I've set a goal to reach 0.10 BTC till the end of 2022. I started in mid February of 2021, so far I've accumulated approximately 0.026 BTC, without too much effort.I hope to accomplish my goal till next year, and return to trading soon, 0.10 BTC is a decent amount to get back in action, without risking your whole portfolio.
If by "make it" you mean being able to stop working for the rest of your life, then the answer is probably no. At least not before 2035 or so.
I think it depends on the needs of each individual and how he can manage it. 0.1 BTC will be valuable if you can manage it well so that the profit you get is also good. although the benefits will be obtained little by little but if we can manage it well then it will continue to grow. and if the profit earned increases then it can increase the amount of our capital to invest even more BTC.
0.1BTC is a not so big sum when converted to fiat, but if asked if it is sufficient to "make it", i'd say the answer is completely relative to the definition every individual has of the term "make it". We all have standards and milestones financially we've set for ourselves that until we get to that point, we can't say we have made it. At current rate, 0.1BTC is 4,902USD, which is 2,016,530Naira (my local currency), with the current economic hardship, that money is nothing close to making it for the big minded.
Perhaps, but that may only be in half the countries in the world where the standard of living is quite low. Most countries that won't work. Even if Bitcoin gets to $10M a coin. Because most houses will have severely gone up by then too. In the last 25 years prices have 4-5xed where I live. It is getting nuts out there.
Do you think 0.1BTC will be like owning a mansion?
On face value, I think OP's comparison is flawed. One doesn't need to have a mansion to paint the picture of success. On the other hand I think I can relate very well with the picture the OP tried to convey with such analogy in value of what that fraction is worth. I think that fraction will be worth more than a mansion at some point in future. I can remember vividly when I used to earn 0.015 BTC to 0.018 BTC weekly a few years ago from signature campaigns in 2017. Then that value was around $120 to $150. But in today's value that's around $800 (if I'm not wrong). It's the same way that 0.1btc which is worth slightly less than $5000 today could be worth $50,000 in future too. One can get a mansion at that cost. Depending with your lifestyle, for me 1 BTC is well enough I mean well enough to start a business that will sustain my financial needs, not just me but my whole family, from where I live the amount in fiat already capable to own a house a decent one and open small business that will help to make a good living.
like what you have said, the amount is good enough for people who are not luxurious.
But for those who want to live like a millionaire, that amount is not going to work, it's just a day or a week's expense.
like what you have said, the amount is good enough for people who are not luxurious.
But for those who want to live like a millionaire, that amount is not going to work, it's just a day or a week's expense.
Perfectly well-said mate, for me, a 0.1BTC is huge enough though it can't buy a mansion or sustain an extravagant lifestyle but it is enough to plan to start up a business that can help me to sustain my needs and family needs, it is enough for a comfortable small house that you can call yours. For me, having this amount of btc at the current price is such a big opportunity already. The way how we react on the amount or price of bitcoin can be considered on how we live, what is our lifestyle and so on.
1 btc would be enough depending on which part of the world you're living.
With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
on the other hand it all depends on our lifestyle. no matter how much money with a high lifestyle it will always be lacking. Therefore, it is important to be grateful and style according to ability. with an investment of that size I think it's enough if we can use it according to later needs With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
So if 1 btc isn't that much in your lifestyle and you're going to spend it like a millionaire in a day, there's nowhere to go with that money.
In the end, we all have differences in finances and knowledge on how to handle and grow it. Whether it won't be that much or that's already much, the decision is in your hands.
Depending with your lifestyle, for me 1 BTC is well enough I mean well enough to start a business that will sustain my financial needs, not just me but my whole family, from where I live the amount in fiat already capable to own a house a decent one and open small business that will help to make a good living.
like what you have said, the amount is good enough for people who are not luxurious.
But for those who want to live like a millionaire, that amount is not going to work, it's just a day or a week's expense.
1 btc would be enough depending on which part of the world you're living.
With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
on the other hand it all depends on our lifestyle. no matter how much money with a high lifestyle it will always be lacking. Therefore, it is important to be grateful and style according to ability. with an investment of that size I think it's enough if we can use it according to later needs With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
So if 1 btc isn't that much in your lifestyle and you're going to spend it like a millionaire in a day, there's nowhere to go with that money.
In the end, we all have differences in finances and knowledge on how to handle and grow it. Whether it won't be that much or that's already much, the decision is in your hands.
That's a bit of an exaggeration but given that bitcoin is projected to continuously go up in the future, I don't think that it's far from not happening but 0.1 isn't enough because it's going to take you a long time of hodling before you can say that you're 0.1 of bitcoin is worth a mansion. Take a look with my example, if you want the currently cheapest mansion that I can find which is around 630k USD, you're going to need to wait for bitcoin to go to 6.3m per coin so that you can buy it which is going to take lots of patience if you really want it to happen.
for the bitcoin price right now, 0.1 bitcoin can't buy a mansion. we need more some bitcoin to buy a mansion, in my country right now. 0.1 bitcoin can buy a sport motorbike, maybe in the future, if bitcoin still exists and more booming, and the price increasing, we can buy mansion with 0.1 bitcoin.
I can authoritatively say 0.1btc is enough to make it in life depending on the current price of 1btc if the fellow make judicious use of it. If the person know the right project to invest in if it has to be same in crypto and if it is outside crypto, then it has to be the right business.
The goal of OP is like owning a mansion with that price. Bitcoin reaching a million would suffice that. As you said, the purpose would be enough if it's just about being content in life. But we all have different purposes and ambitions.
But if BTC's price will surpass half-million dollars, there could be a chance, I have seen many threads talking about how much BTC you can build or purchase a house, other said 1BTC is enough for them and probably this will depend on which country you are. However, I will rather hold my BTC and wait until when it will up the price from which I purchase.
With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
Every country has a different cost of living and also everyone has a different lifestyle. In the end it really depends on which country we live in
and how our lifestyle is, those are two factors that determine whether having 1 BTC is enough or not. For me living in third world countries,
having 1 BTC is enough to live a comfortable life. But I'm the type of person who likes to expand the money I have so that the number continues
to grow, maybe if I have 1 BTC I will use some of it to build a small business. Then the remaining 1 BTC I have I will buy some potential coins,
and don't forget I will not spend all 1 BTC I have, about 20% I leave in BTC, however the price of BTC will always go up. That way my wealth
can continue to increase, instead of using it to buy consumptive things, I better develop the 1 BTC I have so that it becomes even more.
Obviously no, that's only around $5K-$6K with the current market. But still, up to you how do you consider a mansion is. But if I were you, I'd reinvest that 0.1BTC to altcoins that have at least x10 possibility. Currently into $CHAIN, $MDT, and $ARNX at the moment, all of them have x50-x100 possibility, low mcaps with good fundamentals.
I can authoritatively say 0.1btc is enough to make it in life depending on the current price of 1btc if the fellow make judicious use of it. If the person know the right project to invest in if it has to be same in crypto and if it is outside crypto, then it has to be the right business.
The goal of OP is like owning a mansion with that price. Bitcoin reaching a million would suffice that. As you said, the purpose would be enough if it's just about being content in life. But we all have different purposes and ambitions.
But if BTC's price will surpass half-million dollars, there could be a chance, I have seen many threads talking about how much BTC you can build or purchase a house, other said 1BTC is enough for them and probably this will depend on which country you are. However, I will rather hold my BTC and wait until when it will up the price from which I purchase.
With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.
You have to let it grow so that you're be living a decent life without being stress with your bills.
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