Maybe you can afford a mansion with that kind of amount but "make it" doesn't mean you will only need a shelter. Other necessities such as food and clothing are needed and for that reason, any amount alloted to just a mansion will not be enough.
You don't need that kind of a house, make it simple, and invest as much as possible in order to bear fruit. We will be needing that for some other things that might come unexpectedly.
Topic: Do you guys think 0.1BTC is enough to "make it"? - page 7. (Read 1219 times)
even for now, the price of 0.1 bitcoin in my country already has a good home. although not like a mansion, but it's quite worth it.
Talking about bitcoin has become finite, and considering its increasingly needed functionality, I firmly believe that if it did, 0.1 bitcoins could be worth 1 mansion, even with some expensive vehicles. however, the price will continue to increase. although this is still speculation, it's just that with the number of bitcoins that are still quite far from this 21 million, and not everyone uses bitcoin, the price of bitcoin is even very expensive at this time.
Talking about bitcoin has become finite, and considering its increasingly needed functionality, I firmly believe that if it did, 0.1 bitcoins could be worth 1 mansion, even with some expensive vehicles. however, the price will continue to increase. although this is still speculation, it's just that with the number of bitcoins that are still quite far from this 21 million, and not everyone uses bitcoin, the price of bitcoin is even very expensive at this time.
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?
Foremost, what does "make it" means to you? It's much better to expound and elaborate it in a much detailed manner so that we can answer straight forward.
But if you mean "make it" in a manner to survive daily basis, I think it could get you to start up something that could be your bread and butter in the long run. Because if you will just rely on a 0.1BTC alone, it won't suffice. Definitely it won't be enough to sustain your necessities. Most especially if you mouths to feed. You see, money can be easily spent, but it takes time to make and save it. So, I suggest, aside from just holding your BTC, make other streams of income. If you have spare money, it's better to invest in other investment vehicles that have a good reputation, feedback, and trusted ones. Owning that amount nowadays is good, but it's better to have more so that in case of emergency, you have something to get into without touching your portfolio so much. Otherwise, you'll end up losing and spending the things that aren't really meant to be allocated to such events.
I think that everybody who has a possibility and wants to become financially independent, should invest in Bitcoin. I believe that it will cost much more than now. Also it is limited. Everything that has a limit will rise in price. I think that bitcoin will be more and more adopted by different companies and countries, so it is necessary to own Bitcoin.
If you’re counting on bitcoin to “make it” might be an issues period. As long as this isn’t your main investment portfolio, then I guess I would say .1 should be a good amount in comparison to its US dollar equivalent. Not sure how much it’ll end up being though of course.
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With that amount not enough to own a mansion not even enough for the stuff inside. It depends on your country because the economic level of each country is different. If in my country 1 - 5 BTC can have it from low to luxury mansion type.
You are missing the point. He is making a prediction in the future if 0.1BTC is enough to own a mansion in the future. He didn't directly stated it but that is the whole point of this thread. I think his calculations will be right if the interest and adaption of Bitcoin in the future will rise that makes more people invest fresh money in crypto. Because if crypto become stagnant, Many investor will lose interest to enter because people investing on crypto nowadays are here just to have a quick bucks. I really believe that 0.1BTC will gonna be valuable in the future.
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?
why not, Bitcoin is being sought every day and that makes the price continue to rise because of the high demand. bitcoin is not like ethereum or other altcoins whose supply can be reproduced or burned, bitcoin supply is 21 million forever. so that if you have money at this time immediately buy bitcoin and then hold it long term. 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?
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
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
you are right, if we are grateful for the profits we get, without thinking about the price the day after tomorrow and next year, life does not need to be greedy because God's sustenance has arranged
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.
In my case it isn't enough, but a decent home it is possible. If OP still holds in another 10 years maybe the situation would be different. IF it gets lucky to hit a 1 million dollar per BTC then it could really build a mansion. It is still a good start owning such sum of money, it's better than nothing, really.
With that amount not enough to own a mansion not even enough for the stuff inside. It depends on your country because the economic level of each country is different. If in my country 1 - 5 BTC can have it from low to luxury mansion type.
You got that part right, and that applies to any amount of investment.
If you look at the current economic conditions and the price of BTC 0.1 it is quite a lot but when used to meet the needs of life it seems like it is only enough for less than 1 year. But if 0.1 is for trading it is more than enough. If you look at the law of supply and the price of bitcoin should increase, although I know there are some times it will saturate and fall.
The longer the rarer, the smaller the miner's reward, the harder it is to earn BTC, the cost of mining. Those are some of the factors that I believe that 0.1 BTC will at some point have fantastic value unless all countries provide regulation banning and killing BTC.
It depends on your country, your goal, and your investment type. At the current price, the amount of 0.1 BTC can be more than 5000 dollars and you should consider how much this amount of money is worth in your country also it depends on your goals because if you are aiming to earn millions of dollars profit over your 0.1 that's surely impossible. However, IF you check the bitcoin price in long term and aim for the long term you can earn unexpecting profits over this amount of bitcoins.
As of this time, BTC price stands around $57,000+. 0.1 BTC would be around $5,700, which is way far behind from buying and owning a mansion. For me, the price would depend on how much the seller set it on the marketplace and the country that it was located. If it’s from the Philippines, I would say it’s gonna be worth more than 20 BTC for a discounted mansion.
1BTC = $57,000
0.1BTC = 57,000 ÷2 10
=$28,500 $5,700.
0.1BTC = 57,000 ÷
=
You've got a math problem there, buddy. I fixed it for you.
That's a good Investment capital to start with. If Bitcoin ever get to 100k, you'll be having almost 100% return on your Investment.
You got that part right, and that applies to any amount of investment.
Do you think 0.1BTC will be like owning a mansion?
If the price of bitcoin continues to increase every year, with the number of bitcoin fractions you currently hold it will certainly take a very long time and if you look at the history of bitcoin price movements in the past, it may take another century to be able to buy a luxury house with the number of bitcoin fractions that you currently have.
no need to be discouraged by the assets we have. which includes a large number. but if I were, would put some of it on the trade. and it can grow the bitcoins we have. maybe from 0.1 could be 1BTC.
Dont think that 0,1 BTC is not much compared to other people here on the forum. In fact only 8,3 % of BTC wallets hold more than 0,1 BTC so you can view yourself as an elite among BTC adopters.
You can see how BTC is spread throughout wallets on this table:
You can see how BTC is spread throughout wallets on this table:
Any hold of bitcoin you have right now is a gem, just have to be patient and hold it for a long haul and it will all be worth it. Bitcoin came along with great feat for many years now and crypto enthusiasts it will hit to infinity and it will be a greatest treasure you can possibly have in the future to come.
Do you think 0.1BTC will be like owning a mansion?
If the price of bitcoin continues to increase every year, with the number of bitcoin fractions you currently hold it will certainly take a very long time and if you look at the history of bitcoin price movements in the past, it may take another century to be able to buy a luxury house with the number of bitcoin fractions that you currently have.
0.1 BTC is a very big money, big enough for anyone to make it but I don't really get what you mean by "make it" though. Do you mean to become successful in Bitcoin investing?
1BTC = $57,000
0.1BTC = 57,000 ÷ 2
= $28,500.
1BTC = $57,000
0.1BTC = 57,000 ÷ 2
= $28,500.
Is your math that bad fellow member? 0.1 BTC is 1/10th of 1BTC and that is $5700, what you did was the value of 0.5BTC when you divided 1BTC by 2.
I am sure it may have been a hurried mistake from your side. But I expect better from the members of this forum especially when they need to trade quickly in such numbers.
In all honesty, it’s not enough to ‘make it’, certainly not for at least another decade or two. Bitcoin is still one of the very best savings tools though so DCA’ing will put you in a good position at retirement age or something. If you are a noob investing now, it will take you a while to get rich.
I agree with your point. Bitcoin is still very young and it has a price that is way cheap than that it can possibly be in the next 120 years when the supply of new bitcoins stop. Keeping in mind that majority of the members would not live to see that day, it is wise to collect more BTC with every dump and move away from altcoins as much as possible. If someone wants that long term gain, they need more and more BTC bought at lower prices, buying altcoins will not have long term value. Hence 0.1BTC is just a starting step, they should focus on their next target of 1BTC.
Here in my country it's a big money, but not enough to build a mansion, maybe an apartment something like that for 0.1btc wherein equivalent of around 250k i guess in peso ..but you know it's not impossible if you're dreaming a mansion in such amount of bitcoin..because infact bitcoin is the most promising and optimistic crypto in the market.. So just keep holding it. perhaps after 10 or 20 years it will become more so expensive..
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