Do you guys think 0.1BTC is enough to "make it"? - page 4.

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it would be impossible for every person on earth to have any bitcoin and that's because the rich always take everything they can, but assuming a lot of rich buy a lot of bitcoin and the price is 1 million per bitcoin then 0.1 bitcoin could buy a decent house

Quote from: Rufsilf on December 06, 2021, 12:16:38 PM

Quote from: CDC AP on December 06, 2021, 04:28:02 AM

If you think 0.1 BTC can make the mansion you are wrong because 1 BTC still hasn't reached 1 billion USD because every property development requires high costs because property prices always increase as well as crypto market prices. but I wonder why the target has to be mansion if there are other better options or HODL BTC to reach the price of 1 billion/1 BTC for to make the mansion

Well I think the OP's question is if 0.1 btc is enough to make or buil a mansion, he isn't stating that 0.1 is enough to build one, right? He's just asking mate, it really looks that you're totally furious about it Grin

Yea, you're somehow right because todays bitcoin value won't be enough to build or own a mansion. But holding it will make a huge difference in the future because that 0.1 btc will be worth much more and maybe it can really build you a mansion.

it is enough that the price of bitcoin reaches 1 million that 0.1 could buy a decent house

Rufsilf

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Quote from: CDC AP on December 06, 2021, 04:28:02 AM

If you think 0.1 BTC can make the mansion you are wrong because 1 BTC still hasn't reached 1 billion USD because every property development requires high costs because property prices always increase as well as crypto market prices. but I wonder why the target has to be mansion if there are other better options or HODL BTC to reach the price of 1 billion/1 BTC for to make the mansion

Well I think the OP's question is if 0.1 btc is enough to make or buil a mansion, he isn't stating that 0.1 is enough to build one, right? He's just asking mate, it really looks that you're totally furious about it Grin

Yea, you're somehow right because todays bitcoin value won't be enough to build or own a mansion. But holding it will make a huge difference in the future because that 0.1 btc will be worth much more and maybe it can really build you a mansion.

LogitechMouse

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

It might be or it might not.
Maybe the OP is at his highest when he posted this. You know what I mean Cheesy

.

TBH, there is no mansion here. Not in the next 5 years or in the next 10 years. There is no mansion here but the only thing that we have is a bungalow. Though what the OP said is true, I disagree that 0.1 BTC will be equal to 1 mansion unless you will hold it maybe in the next 15 years possibly but right now we are very far from it and 0.1 BTC isn't enough to buy a house (you can rent one using that amount though Tongue

).

0.1 BTC = 1 Mansion might be possible but it will take time to happen or it might not happen as well.

PeRo

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It really depends on your personal goals and ambitions. If you think owning a mansion is "making it", then by your book, you did. But other might want much more or some people think owning a car is success, so it's really individual. Owning 0.1 BTC right now is like 4800$, it isn't a small amount but I wouldn't count it as success, but maybe in the future 0.1BTC could be worth a lot more than the current price and it might be enough for some of us to say "I made it". My thoughts are: If you made it to 0.1, why wouldn't you go for even more? You can always do better.

Finestream

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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?

Well, frankly, I think with the current market value of bitcoin now, I'm afraid it's not possible for you anywhere in the world now to build or buy a mansion with only 0.1 btc. But we'll see it in the near future if bitcoin will actually reach like $200k USD or more then maybe you can build or own yourself a mansion.
And aside from that option, there's some mansions that are old enough historically, maybe that 0.1 btc of yours can actually afford it depending on the place or current owner.

Mauser

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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?

Though question because bitcoin would need to rise a lot to reach that levels. Let's say a mansion costs 5 million, that means the price for 1 BTC would be 50 million USD. That's a lot compared to the 50,000 we are at right now. Maybe in a few lifetimes this could happen, but not any time soon. First of all we need to reach the 100,000 which would make it possible to buy a cheap home for 1 BTC. Long term it still remains to be seen if all countries are going to accept bitcoins. If the ban on cryptos is going to be lifted than it could eventually happen. There is no upper limit for the price of Bitcoins.

CDC AP

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If you think 0.1 BTC can make the mansion you are wrong because 1 BTC still hasn't reached 1 billion USD because every property development requires high costs because property prices always increase as well as crypto market prices. but I wonder why the target has to be mansion if there are other better options or HODL BTC to reach the price of 1 billion/1 BTC for to make the mansion

slaman29

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Quote from: Desmong on December 05, 2021, 05:03:23 PM

Quote from: slaman29 on December 03, 2021, 04:18:33 AM

The only way 0.1 BTC can make it, and this is purely on the point that you have and hold and never add to the 0.1 BTC is if Bitcoin gets to $1 milllion. So, my answer would be yes, if you're willing to wait 10 or 20 years, since that's how long I think it will take for Bitcoin to get to 1 million dollars. And that's not really a long wait if you think about how long it's been since Bitcoin's been around

Although I don't really understand what op meant by "Is 1btc enough to make it?" This can mean different thing but from what I've seen. 1btc can be enough and might not be enough depending on what motive the 1btc is expected to be use for. If op decide to learn the btc for many years for it to appreciate, then that is ok. If the aim is to trade with it and make good fortune from it, that's okey too.

It's a simple question and you can read through the posts, I mean, obviously, he's not talking about 0.1 btc being all you need for life ($4500 now, which even in the poorest country won't last you a lifetime), but 0.1 btc can start you on the path towards making it, especially if you held it for a really long time.

0.1 BTC today remember is still worth about 10 BTC in 2016. Which is why I said hodl for a few more years to see it make it for you.

kendesu

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If bitcoin was distributed using the current global distribution of wealth, people in the top .001% would have 0.73 bitcoin each.

source: http://bitcoinsperperson.com/

I don't know what to do with this information other than stack as many sats as possible.

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Quote from: Desmong on December 05, 2021, 05:03:23 PM

Although I don't really understand what op meant by "Is 1btc enough to make it?" This can mean different thing but from what I've seen. 1btc can be enough and might not be enough depending on what motive the 1btc is expected to be use for. If op decide to learn the btc for many years for it to appreciate, then that is ok. If the aim is to trade with it and make good fortune from it, that's okey too.

This is what meant for OP... Please read it.

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?

I hope this could be enough but wondering how much the price of a mansion is? $1million mansion vs $60k (BTC), that seems to clear that was impossible unless if you own more BTC like whales.

@Desmong, it is very hard to determine enough as people will keep spending their money as long as they still have. In 2 years or even 1 year only, that 1 BTC as mentioned can be used up already unless if all our expenses will be replenished every month.

Desmong

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Quote from: slaman29 on December 03, 2021, 04:18:33 AM

The only way 0.1 BTC can make it, and this is purely on the point that you have and hold and never add to the 0.1 BTC is if Bitcoin gets to $1 milllion. So, my answer would be yes, if you're willing to wait 10 or 20 years, since that's how long I think it will take for Bitcoin to get to 1 million dollars. And that's not really a long wait if you think about how long it's been since Bitcoin's been around

Although I don't really understand what op meant by "Is 1btc enough to make it?" This can mean different thing but from what I've seen. 1btc can be enough and might not be enough depending on what motive the 1btc is expected to be use for. If op decide to learn the btc for many years for it to appreciate, then that is ok. If the aim is to trade with it and make good fortune from it, that's okey too.

Oceat

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Quote from: lenovop-70 on December 05, 2021, 10:28:20 AM

Today isn't enough for a mansion here, but we don't know tomorrow or the day after. Basically the OP's question can't be answered instantly today or this year because we don't know where Bitcoin will go.
If there's no time limit on when 0.1 Bitcoin can buy the mansion, I'll answer in about 50 years next for the safe answer.

Nah, I'm sure someone who owns 0.1BTC won't be able to own or buy a mansion with what's the current price today. Not tomorrow but in the future we say 10 or 20 years Bitcoin price might exceed to what we expected to happen. So, who knows? Maybe 0.1BTC that time would be enough to buy a lambo or shall we say, a mansion?

OP is just talking about the future to have a thought but either way Bitcoin price in the future will probably gonna reach a price where people who owns satoshis will be able to use them to pay in a restaurant. Just think about it if the price today will be having a 6 digit price in the future and we are probably getting older that time.

uneng

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Quote from: Woodie on December 05, 2021, 11:15:16 AM

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

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

How did you arrive at this mate, thought if the world population shared the available bitcoins we could be getting less than 0.003 BTC .

21,000,000 (total bitcoins) / 7,000,000,000 (world population) = 0.003 BTC.
Broadly talking, OP is right in his calculation.

0.1 BTC looks a pretty decent amount of money in that scenario. Even if only 50% of total world's population adopted it, a tenth of a bitcoin would be already enough to live confortably while generating passive income from the total sum of coins. That is why people should focus in getting bitcoin at all costs, doesn't matter if they are going to be able to have 1 full bitcoin or not. Any fractions of it will worth a lot in the future.

Woodie

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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.

How did you arrive at this mate, thought if the world population shared the available bitcoins we could be getting less than 0.003 BTC .

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

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

For now its not possible to own a mansion with this amount of bitcoins but there will come a time when the world is no stranger to these digital currencies and maybe see cryptocurrencies being legal tender which should drive the demand and price up. If bitcoin will still be around after 2 decades or so I see it to be worth a fortune.

riskthebiscuit

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If Bitcoin reaches or exceeds $5M USD then comfortably you can say you will be living well. But other than that, don't bank on a future where that will make you secure. It can help secure your finances, but shouldn't be all your funds of course.

lenovop-70

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Today isn't enough for a mansion here, but we don't know tomorrow or the day after. Basically the OP's question can't be answered instantly today or this year because we don't know where Bitcoin will go.
If there's no time limit on when 0.1 Bitcoin can buy the mansion, I'll answer in about 50 years next for the safe answer.

Wawa2013

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Quote from: AmoreJaz on December 04, 2021, 06:59:30 PM

Quote from: oemar bakrie on December 04, 2021, 11:07:40 AM

Having that many assets makes me a profit seeker, not just a plot of land and a house.
..because that's the same as capital in seeking profit and with experience that has made a lot of initial capital..

anyone can make it if he knows how to handle his stash. 0.1BTC is considered big in a lot of countries. you can even use this as a small capital to your business and grow it. you don't need to wait years and years, and hoping that btc will be valued in million dollar range.
but if you are just too lazy to look for other options on how to grow this amount, you can just wait passively and hope. but that will take a toll in your mental health. you should find other activities that will augment your crypto earnings. and don't just wait and sit for nothing.

In my country having 0.1 BTC is enough to start a small business, so as long as we can use it properly, then we can develop 0.1 BTC to be even bigger.
It is true that we can also make a profit by leaving 0.1 BTC in our wallet for a long time. Because the price of Bitcoin will continue to rise, so it depends
on each of us how to take advantage of the Bitcoin we have. Actually the safest way is to keep holding the Bitcoin that we have until the price goes up
very high. Especially if we do have a job with a fixed salary in the real world, we can make 0.1 BTC as savings for the future. Because we don't
necessarily start a business using 0.1 BTC can run successfully, if the business we build fails, we could lose all 0.1 BTC that we have. So think carefully
what we are going to do with the 0.1 BTC we have.

AmoreJaz

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Quote from: oemar bakrie on December 04, 2021, 11:07:40 AM

Having that many assets makes me a profit seeker, not just a plot of land and a house.
..because that's the same as capital in seeking profit and with experience that has made a lot of initial capital..

anyone can make it if he knows how to handle his stash. 0.1BTC is considered big in a lot of countries. you can even use this as a small capital to your business and grow it. you don't need to wait years and years, and hoping that btc will be valued in million dollar range.
but if you are just too lazy to look for other options on how to grow this amount, you can just wait passively and hope. but that will take a toll in your mental health. you should find other activities that will augment your crypto earnings. and don't just wait and sit for nothing.

Lmaooo

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It depends on how long you can HODL 0.1BTC.
if you can HOLD it for like another 10 years, you can definitely make it...
Imagine the early bitcoiners, the guys that invested in bitcoin 10 years ago and HODL it.

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what is meant by 0.1 btc in the future will make you a billionaire but it will happen where maybe you are not in this world because the supply of btc is unlikely to be dwindling so fast and for now with 0.1 btc capital will make you get rich by trading or short term investment

Topic: Do you guys think 0.1BTC is enough to "make it"? - page 4. (Read 1219 times)