Do you guys think 0.1BTC is enough to "make it"? - page 5.

Ebede

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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?

I did not understand exactly what you saying, are you saying of distribution of 0.003btc as you listed will it serve to do what? I fine it difficult to understand, but the down side i think i understand it, 0.1btc is like having a mansion in my side because bitcoin now is like gold before.

oemar bakrie

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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..

ivankoh

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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?

I think nothing will be enough to guarantee it is a villa or a villa + a car. Lol, at least 0.1 BTC is still a big reason to hope and more importantly you can hold and fight fiat to keep your freehold stronghold. Maybe the last bitcoin will be mined in 2140 or so. I think bitcoin will show a price at 1M$ to confirm the future of crypto finance. But as all will be the time and when it will

saddampbuh

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1 btc will probably go to a mil while you're young enough to enjoy it so no 100k won't be enough to live in luxury if that's what you mean by make it, if you want to get rich by putting 5k into some investment it needs to be an asset nobody has heard of, not something 20% of people in civilised countries already own

gabbie2010

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I believed the OP assumption of living a decent live by owning 0.1BTC is based on future perspective, else if it is meant for the present day that amount wouldn't be enough to live on it for long without any additional extra income.
There is the tendency of that mount to increase in 5x, 10x if all the speculations and prediction of the price of bitcoin soaring high in the future come to pass, of course that is not going to happen soon, but obviously this might be very feasible in later years ahead.

diderdrogba

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If you mean a long-term investment of this amount, then it is really enough I believe. But the key point here is to be very patient. Because its current value is not much and it will need to increase its value a lot to be able to buy a mansion nearly wherever you want. For now, I assume that there are not many countries that you can buy a mansion in.

slaman29

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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

doomloop

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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?

I kind of think that there will be a time when bitcoin will be scarce, because there wouldn’t be much to go round. And since it is limited, it’s going to be rare and sold for a really high price that most people might not be able to afford. So, when a time like that comes when bitcoin is going to be rare, owning even a half of that 0.1 BTC is going to be a lot of money, and a lot of people will even find it difficult to sell the coins they own, unless they have a better plan of what they would do with that money. Another thing is that as time goes on more coins are likely going to get missing, which will further decrease the number of coins that are available in the market.

Oshosondy

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Quote from: Koro-Sensei on December 02, 2021, 08:58:24 AM

I think at 0.1, it could be a decent one to have. With the current forecast of BTC price, your 0.1 now might be tens of thousands in the future but I don't think it will make you a millionaire.

If the price of 1 bitcoin now is $56000, the price increased small from when I posted $54000, it will only take 20x to move up to $1 million. Definitely this is possible, but it will only happen after a very long period of time like 4 or 5 years. But for 0.1 bitcoin, it will take 200x, more time needed for this, I can not have this in plan at all but 1 bitcoin to reach $1 million is still very possible but it will take time.

Quote from: Koro-Sensei on December 02, 2021, 08:58:24 AM

Just invest what you can afford to lose and by that even if it goes down, you will be okay. And if its goes up, great return is possible.

If it is trading which is riskier, I will agree but this is holding, bitcoin holders will never lose if they are patient. Even better to invest more if the price is decreasing because it will increase back and beyond.

Mahanton

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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?

We dont know on what would be the value of Bitcoin in upcoming years to come.Thing here is that we do know on how to play with the price and not just accumulating 0.1 BTC and also we know that if inequality does exist on fiat world then so as with crypto which means that people could never
able to own such amount if the entire population would really tend to dive in into this market.Hard to tell but we know that adoption is on the move
but we know that not every corners of the world would be having that consideration.

tertius993

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No.

If we take the average salary in the US - According to the May 2020 National Occupational Employment and Wages Estimates by the BLS, the average salary in the United States is $56,310 - then 0.1 BTC is currently almost exactly also 0.1 of the average US salary.

Let’s assume that to make it you need at least 10 years of average salary on hand. This on the basis that you need money to live on every year and that should give you enough to invest (but barely).

Therefore each bitcoin needs to be worth 100 times what it is today - or roughly $5.5 million in today’s money. Just can’t see it.

Different in other countries of course but the 10-years salary need is a fairly low end requirement. FIRE would suggest 20-25 times is more realistic.

arabspaceship123

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It's not going to be enough circulation for Bitcoin to go around but there's lots of others to choose from. Ethereum's one of them. The world's not going to be relying on Bitcoin alone.

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?

Imran232

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In my opinion, not today, but in the future, owning 0.1 BTCC can be equivalent to owning the entire country.Yeah, because of its higher demand and the lowest fixed supply in this world. And that would be for those countries who didn't approve bitcoib yet but will in the future. And their future will be empty. So we know that when there is demand, then please keep holding your money until some reaches its moon. You don't have to do anything, just do one thing: buy and hold. All this is project work, not yours.

temple

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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?

There is usually a limit to everything. Bitcoin won't increase in price forever, or let's say at least not at a pace that it makes the most interesting investment for new investors. When you say that all want in, would you want in if you were new and saw a $1 million Bitcoin price? By then there might be other interesting asset classes or even just coins that you prefer over Bitcoin because first you think the investment potential is better and second because for some reason you value the technological capacity higher.
I don't know whether there will ever be any serious use cases where people would simply need that, but it is not like the more Bitcoin rises in price the more people want it. As long as people believe there is speculative potential or when the utility is a convincing pro, people would buy it. Otherwise we would at some point be discussing Bitcoin as a Giffen-good.

geegaw

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Quote from: meanwords on December 02, 2021, 07:39:56 AM

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

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

Maybe in the future where every Bitcoin cost like $1,000,000 each, you could probably buy a small mansion with $100,000 in some countries. Right now? It's very unlikely that you'll make with with 0.1 BTC, let alone buy a standard house and lot with it. Not to mention that you'll need additional funds besides the materials and the funds for the ownership of the land.

If there is such a future with bitcoin, a small piece of land in the countryside with an average house will be more practical than a mansion because as you said, the budget is too little for a standard villa and even if we can buy it, we can only get an empty house, even with much damage on the inside. However, such a case with bitcoin is somewhat too greedy, the actual application is still from 0.1btc to complete bitcoin, even it should be more cloned by our knowledge, mying in bed and dreaming of the mansion only makes the distance impossible to close

btcinmylife

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This is impossible. If a luxury house is worth at least a few million dollars, 0.1 BTC wants to buy a luxury house, and that BTC price is tens of millions of dollars, the world will be messed up. I think the final price of BTC will not exceed 300,000 dollars.

peter0425

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Quote from: deadmousehat on December 02, 2021, 08:39:40 AM

0.1 BTC I think in my country it is not enough to buy a mansion if at current prices and property prices will always increase every year. Depending on where you live, the prices may not be the same. btw how long will you hold it

Mansion in my country valuing at 5-7 Bitcoin meaning for me to buy Mansion using bitcoin the value must reached at least
2 million dollar each?

that is a High price to expect so it may happen 5-10 years from now, meaning YES it is POssible but not in our time now

Maybe in 2030 ? we will see that amount can provide us Mansion .

Koro-Sensei

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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 he was referring to what future may hold. I think at 0.1, it could be a decent one to have. With the current forecast of BTC price, your 0.1 now might be tens of thousands in the future but I don't think it will make you a millionaire. Well, the future for BTC is bright. I think it would be wise to add more BTC monthly. Just invest what you can afford to lose and by that even if it goes down, you will be okay. And if its goes up, great return is possible.

dimox

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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.

agree.
depend on where you are, in this country you can build mansion with 0.1 bitcoin, and the other you cant build. depend on bitcoin price, if 0.1 same as 1btc, im sure if you can buy a mansion.

hell, in my country you just get a land. you need more bitcoin to build mansion and the other stuff.

deadmousehat

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0.1 BTC I think in my country it is not enough to buy a mansion if at current prices and property prices will always increase every year. Depending on where you live, the prices may not be the same. btw how long will you hold it

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