Topic: Do you guys think 0.1BTC is enough to "make it"? - page 6. (Read 1223 times)
If we are talking about the current value of 0.1 BTC, then it wouldn't be enough for buying a mansion in nearly every country I assume. But if you are thinking of the future and saying this, then it can be more than enough if Bitcoin price just skyrockets. At some point in the future, I expect a historical increase in the price. So I think it is better to buy now and wait. Then, we can discuss this topic again.
Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap.
To me what's funny about this whole debate, and specifically the OP's idea of the Mansion is that he doesn't mention maintenance. Even if that amount gives you enough to buy a mansion, on an average salary it doesn't give you anywhere near enough to maintain it, meaning you're going to have to sell it, and probably for a lower price than you bought it for. You wouldn't be the first person to win the lottery and that happens to you.
More generally, that amount will hopefully have a much higher purchasing power in the following cycles, but the worst thing you can do is to spend it on a fancy thing, better to spend small parts, that way you don't eat your net worth and you can enjoy the profits.
We have the same thoughts. Even if Bitcoin hit a much higher value, building a mansion does not end on its mere constructions, but more more so on maintaining its structure which entail a whole lot more expenses. But more than that, if ever you’ll get to hold 0.1 BTC, I am not one to agree that is wise to just spend to have a mansion. It is way better to use it for investments and let it grow. Well, that’s just my personal opinion.
Do you think 0.1BTC will be like owning a mansion?
A mansion where? Sorry but the question is very strange. You can buy a mansion somewhere in Africa or in remote corners of the world for little money. You can also buy one in New York or in another big city where $100 million is not enough. Let's say Bitcoin will be worth $1 million some day. Then 0.1 BTC would be $100k. You can buy a mansion with that in rural Thailand, for example, but in industrialized countries it wouldn't even be enough for a one-room apartment.
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?
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?
Yes, right now 0.1 BTC may not seems that big but after 10 years of so, when bitcoin will come mainstream and the value of bitcoin will be much higher. then we can say that those who would have 0.1 BTC would be categorized as the worlds richest persons.
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.
So in this unless bitcoin hit 5million dollar and up that will be the amount need to buy a mansion.
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.
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?
Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap. 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?
120k For an entire mansion? Which country do you come from, may I ask? I cannot imagine anyone even building a mansion for a mere 120k... Just the building expenses alone would (should) cost more than that. And then you would need to buy furniture, kitchen, and stuff... Even in the deepest part of the third world that seems too low a price to me. But perhaps you are thinking of a big house, not a mansion?
Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap.
To me what's funny about this whole debate, and specifically the OP's idea of the Mansion is that he doesn't mention maintenance. Even if that amount gives you enough to buy a mansion, on an average salary it doesn't give you anywhere near enough to maintain it, meaning you're going to have to sell it, and probably for a lower price than you bought it for. You wouldn't be the first person to win the lottery and that happens to you.
More generally, that amount will hopefully have a much higher purchasing power in the following cycles, but the worst thing you can do is to spend it on a fancy thing, better to spend small parts, that way you don't eat your net worth and you can enjoy the profits.
It’s good to start with this much. After all, something is better than nothing. With time, you can increase your risk appetite.
For now 0.1 BTC is quite a lot if it is exchanged for FIAT. you may be able to hold it until the price reaches a new ATH again. But you have to target where you should take your profits.
you can buy a luxury house if the price of BTC continues to rise and make sure you still hold that 0.1 BTC and if you have spare funds you can buy again at a lower price.
Holder is a winner.
you can buy a luxury house if the price of BTC continues to rise and make sure you still hold that 0.1 BTC and if you have spare funds you can buy again at a lower price.
Holder is a winner.
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?
Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap. 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?
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?
To be honest, with this price i can't imagine or maybe can't expect price can be much higher maybe x100 than now to made that 0.1BTC to be mansion. It is right, anything is possible, who can expect bitcoin price from hundreds dollars to be more than $50000, but for next 100x i think will have small chance to be happen.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 agree. At some point, the increase in value simply comes to an end. At least as long as it is not completely taken into account in the economic cycle and much more has been mint. In principle, however, an increase of 50% can be achieved in the next 5 years. At least under the mentioned conditions
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?
To be honest, with this price i can't imagine or maybe can't expect price can be much higher maybe x100 than now to made that 0.1BTC to be mansion. It is right, anything is possible, who can expect bitcoin price from hundreds dollars to be more than $50000, but for next 100x i think will have small chance to be happen. 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?
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.
It may not be able to also buy a mansion from where I am from, but making doesn't start with buying a mansion right away, $5400 well managed and invested rightly can make a person stable from my rejoin. Most time it's trying to live above our reach that makes money like this seem useless, also I don't see how this money would ever be shared freely to everyone, so I don't build mansion in the skies. ~
Well here in our country doing a quick search in Mansion Global, the lowest price I can find is a million dollars. I can't say that there would be a mansion that would cost a half of that. It ain't just gonna cut it. I also believe that land value appreciates over time, so that is another thing also worth considering.
Source:Mansion Global
Eh, that would seriously depend on what country you live in. 1BTC in the US wouldn't level you up on any kind of ladder unless that ladder measures how nice of a car you drive, and even then at bitcoin's ATH that amount wouldn't exactly buy a Bentley or a Rolls.
Sure, how much effect it has would depend on the living cost in the area you are from. But regardless of this,1BTC is a significant amount wherever you live. It might not level one up, though that term is relative, but as I said it could take someone some places up the social ladder, not meaning they would become wealthy, but it could be a platform which if managed well can be very beneficial.Wealth or rather money management is the only factor that can truly change ones financial status, imo.
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.
Eh, that would seriously depend on what country you live in. 1BTC in the US wouldn't level you up on any kind of ladder unless that ladder measures how nice of a car you drive, and even then at bitcoin's ATH that amount wouldn't exactly buy a Bentley or a Rolls.As to the question OP is asking, I agree that "make it" is a term that's up for all sorts of interpretation. Could it buy you a mansion at some point in the future? Maybe, but again that depends on where you live and of course how much bitcoin's valuation goes up by. I've learned never to underestimate how high it can go, as there were a few times that I thought it could never get to $10k, $25k, $50k...and it hit all of those prices.
Whether 0.1BTC is going to make you wealthy also depends on its continued popularity with investors. It's true that there's not enough bitcoin such that everyone in the world can own 0.1, but so far it's been the case that most people don't own any at all. If that changes, we could see bitcoin rocketing to the moon, but I think that's still a long way off, if it ever happens.
I'd say 0.1 BTC is a good amount to have as a safety net. No you're not going to by a mansion (in a rich country) or retire off 0.1 bitcoin, but fast forward a few years and that would be enough money to where you wouldn't have to worry about any sudden financial problems. 0.1 BTC will be worth hundreds of thousands of dollars in 10 - 20 years. So that much could serve as like ultimate financial insurance in case s**t hits the fan in your life in the future. Considering you can buy that right now for about $5700 that's pretty darn good.
1 BTC I think will be enough eventually to be considered rich (multi-millionaire), even accounting for inflation. But 0.1 doesn't quite get you to that level. 0.5 BTC will eventually mean you're pretty well off.
1 BTC I think will be enough eventually to be considered rich (multi-millionaire), even accounting for inflation. But 0.1 doesn't quite get you to that level. 0.5 BTC will eventually mean you're pretty well off.
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?
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?
In our country at the current value 0.1BTC (@$58k) it is not enough to own a mansion. For that value, you can just buy a second hand car or a rowhouse. But try to hold your 0.1Bitcoin for long term and for sure it will be more valuable because the value of bitcoin will keep on increasing as mass adoption also increasing.
In the country where I live having 0.1 bitcoins is not something I can be proud of, because just enough to buy a used car and not enough to buy a new car not even to buy a luxury house would be enough.
but it all depends on the country you live in if you think it works and can make something fancy why not, and i think reinvesting is better and waiting for bitcoin price to reach higher price so you can have various luxuries for your life.
but it all depends on the country you live in if you think it works and can make something fancy why not, and i think reinvesting is better and waiting for bitcoin price to reach higher price so you can have various luxuries for your life.
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