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Topic: Do you guys think 0.1BTC is enough to "make it"? - page 8. (Read 1223 times)

member
Activity: 180
Merit: 65
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.

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.
hero member
Activity: 2814
Merit: 526
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Considering the supply vs global population = 0.003BTC per person to go around.
Do you think 0.1BTC will be like owning a mansion?
If Bitcoin worth $1m for every bitcoin then yea it does make sense, but considering it's just $58.220/BTC so it worth like $5.8k/BTC where in here it's not even enough to buy mansion, it's so expensive lol. Pretty sure  0.003BTC is too low even we are counting if every person holding a dust of Bitcoin when we are not counting lost wallet or even mistransaction.
full member
Activity: 882
Merit: 110
in any case it would be difficult to look at 0.1 bitcoin to say success.
very difficult and will even tend to not be able to.
On the other hand, why say success with a house? why not use something else, for example, make a business or trade here.
I think this will be more promising if it is used for other things because it is for the house. it would just be an impossibility
sr. member
Activity: 1876
Merit: 318
A value of BTC0.1 is more than enough to actually make it, although it is definitely not enough to get yourself your own house, but having that value of BTC is more than enough to make it grow and invest in several projects, Bitcoin is definitely for a long-term investment, if we simply hold our 0.1BTC in the next 5 years then I'm pretty sure it may be enough to buy a mansion depending on BTC's value by that timestamp.

I think it's doesnt make sense owning a mansion with just 0.1 btc in 5 years.
If we calculate, 0.1 is worth less than 10k USD and the price of the cheap mansion is around 1mil. So in 5 years, with that big amount of marketcap, bitcoin won't make 100x times price growth because they would make the whole crypto marketcap surpass the amount of money available in this world i think.
So, i don't think we could make it with that only 0.1 btc

I agree it is impossible to buy a mansion with just 0.1 BTC in 5 years, even though the price of Bitcoin will skyrocket in 5 years, the amount of 0.1 BTC is
too low to be able to buy the mansion. If our target is only to buy a small house, it is still possible to achieve it. Indeed every country has a different
mansion price, and in my country it will not be enough to buy a mansion for only 0.1 BTC. So if I want to buy a mansion, I will work hard to collect
at least 10 BTC in 5 years. And it's not easy with the income I have now, but as long as we work hard and never give up, there will always be a way
to reach our goals. So start collecting as much Bitcoin as possible starting from now, before the price of Bitcoin gets more expensive.
legendary
Activity: 3668
Merit: 6382
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We don't know what the future holds. It's interesting that while people do tell that Bitcoin has the potential to reach $1M, they just say plain no for higher values.
On an exponential rise 10M is not that far from 1M.

So maybe indeed 0.1BTC won't be enough to "make it" in the near future, it should get there at some point.


It all depends on how young OP is and what's his life expectancy...  Wink but the answer is... yes, why not?
legendary
Activity: 3304
Merit: 1617
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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.
sr. member
Activity: 980
Merit: 252
A value of BTC0.1 is more than enough to actually make it, although it is definitely not enough to get yourself your own house, but having that value of BTC is more than enough to make it grow and invest in several projects, Bitcoin is definitely for a long-term investment, if we simply hold our 0.1BTC in the next 5 years then I'm pretty sure it may be enough to buy a mansion depending on BTC's value by that timestamp.

I think it's doesnt make sense owning a mansion with just 0.1 btc in 5 years.
If we calculate, 0.1 is worth less than 10k USD and the price of the cheap mansion is around 1mil. So in 5 years, with that big amount of marketcap, bitcoin won't make 100x times price growth because they would make the whole crypto marketcap surpass the amount of money available in this world i think.
So, i don't think we could make it with that only 0.1 btc
sr. member
Activity: 1344
Merit: 261
A value of BTC0.1 is more than enough to actually make it, although it is definitely not enough to get yourself your own house, but having that value of BTC is more than enough to make it grow and invest in several projects, Bitcoin is definitely for a long-term investment, if we simply hold our 0.1BTC in the next 5 years then I'm pretty sure it may be enough to buy a mansion depending on BTC's value by that timestamp.
full member
Activity: 2170
Merit: 182
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If we are talking in our days now? in the next couple of years? this is not enough to buy mansion , but if we are asking for the next 20-30 years ?
then the possibilities are there , if bitcoin reached 10 million each then that amount will be a Million dollar right?
well In my country that is more than enough to buy a Mansion inside the city proper.

But if this is in Beverly Hills then won't be enough lol.
sr. member
Activity: 1526
Merit: 255
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?

With the current price then 0.1 btc is equivalent to $ 5750, and there are not many things we can buy with $ 5750, if one day the price can reach $ 100 million then with $ 10 million we can buy luxury homes in many places we like, the most important thing is that we focus to buy and hold and rest assured that with bitcoin we can make our dreams come true.
hero member
Activity: 2604
Merit: 816
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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?
Maybe having 0.1 BTC can buy a mansion, especially if the bitcoin price can hit the very highest price that we are hard to imagine. With 0.003 BTC, I think you can buy many things for your daily life so before the price really increases, you better keep collecting more and more bitcoin amounts. When the time comes for bitcoin price to reach that highest price, you will see what product you can buy with your money and you will have a chance to become a rich person in your city.
member
Activity: 812
Merit: 13
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0.1 Bitcoin not a small money when it comes to investing. Although it depend on the actual point or perspective we are looking at it from. To me, 0.1btc is not enough to make it but can be a good fund to invest in other projects that would yield reasonable profits. If you give this amount of bitcoin to an investor, you will be surprised what it will yield out.
full member
Activity: 1358
Merit: 207
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I guess it Will not be enough to make a good income from 0.1BTC in this season. Now that the price of bitcoin is still struggling to hit $60 in the market, it will be difficult to have full assurance that you will make 80% from your investment if you invest with low amount of money.
Since many countries are still struggling to improve their economy that was collapsed during pandemic which is causing many investors to make a good profit in the community. Bitcoin and other altcoins are still struggling to increase higher for their investors to have hope that they will achieve something good before the end of the year.
hero member
Activity: 1484
Merit: 928
Seriously I believe if you can hold 0.1 bitcoin for longer period of time I believe is enough to make it and depending on your country I believe if bitcoin hit  around $54000 which is said by @Oshosondy which 0.1btc will be around $5400 then I believe depending on the country you are from that will determine if the amount will be sufficient for you and also depending on your standard. Some people don't really need much to be financial okay why some people need alot of money.
member
Activity: 840
Merit: 23
With BITCOIN'S present value, that may be slightly impossible in almost all part of the world, but because we are optimistic about the growth in value of bitcoin, someday I want to believe it may rise up to that standard perhaps not to purchase the mansion in all part of the world but in most parts of the world....

As Bitcoin increases in value, so is the economy getting developed on a daily so definitely the price of things would not be the same waiting for BTC to increase.
full member
Activity: 2548
Merit: 217
Considering the supply vs global population = 0.003BTC per person to go around.
Please share the link where did you get this ratio? 0.003BTC per person around the world?

Quote
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.
indeed , 21 million will never come to reality now and i believe that there will be at least 13-16 million bitcoin that may exist in totality .
Quote
Do you think 0.1BTC will be like owning a mansion?
Really? a Mansion ? of all the things in the world?
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
Do you think 0.1BTC will be like owning a mansion?
No, even bitcoin reaches to 200k or another hundred thousands, it's not enough for a mansion.

Average cost of a mansion is $3M but depends on the place you're residing, so you have to wait until bitcoin reaches $30M. But investing on other assets aside from holding bitcoin will bring you 1 step ahead to that goal.
hero member
Activity: 3150
Merit: 937
Even if the Bitcoin price hits 1 million dollars(which is impossible) 0.1 BTC will be like 100K USD.
Good luck trying to buy a mansion with 100K USD. Grin
Having a mansion is more like having a liability rather than owning an asset.More expenses and no income.
Do you know how much it costs to maintain a mansion?You would get bankrupt in no time and you will have to sell that piece of crap.
Why the hell do you need a mansion?To impress girls?Hahaha. Grin Just buy a sports car. Grin
0.1 BTC isn't enough to "make it".0.1 BTC isn't enough to live a rich lifestyle,sipping margaritas on a tropic island surrounded by hot girls.This is simply delusional.

hero member
Activity: 1344
Merit: 565
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?
First, of all, I don't think it was meant to go round even if the whole of Bitcoin were to be in circulation without lost wallets. Secondly, what the worth of the same amount of Bitcoin was years back is not what it is now, ask the Pizza Guy. So, 0.1BTC in years to come would probably or even most definitely be worth more than 0.5BTC today looking at BTC price history and as some have already mentioned, BTC is still valued against the USD and considering the value of USD against other currencies around the world, owning 0.1BTC might just be that.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Considering the supply vs global population = 0.003BTC per person to go around.

Do you think 0.1BTC will be like owning a mansion?
The big flaw you are making is comparing BTC to fiat. Because we use fiat as the basis of comparing all assets we tend to make this mistake, so your are not at fault.

Today you can sell 0.1BTC and get a certain amount of USD but tomorrow that same 0.1BTC might give you a different amount of USD. What remained constant is the BTC you sold. So if a land price is fixed at 0.1BTC and not in fiat price, this comparison will stop.

Using BTC as the price of things is not a common thing yet. If you ask me, I consider collecting more BTC everyday as a wise thing to do because it is deflationary. How you wish to spend it on houses, cars or so will depend on its fiat price and that will change with time. Even if house prices would be shown in BTC, they will always have fiat option to it. Just 0.1BTC might not seem sufficient then.
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