Topic: Each day goes by and it gets harder and harder to own a full BTC (Read 339 times)

some ppl want to own a full bitcoin, thats great but for some reason is weird tho. you know i mean the price still same. you late to buy it yesterday and you see today price is higher and you dont want to buy it ? but tomorrow still increase right ? dont regret it later ok just buy what you can afford now, still carefull tho

I tell you friend that a satoshi will cost 1 dollar, the people who now can have bitcoins are those who in the future will have a lot of money, so take advantage while they can.

A twelve year old child can do the maths and see that this is true.

There are 7600000000 people on earth.  There will never be more than 21000000 bitcoins.  That means that it is mathematically IMPOSSIBLE for more than 21000000 people to own a full bitcoin.

That's 21000000 / 7600000000 = 0.276 % of the population.  The rest (most) of the population (99.724%) CAN NOT own a full bitcoin.

If the rest (most) of the population own a very small fraction of a bitcoin, then there will be less full bitcoins available.  So, there will be even less than 21000000 people that own a full bitcoin.

For example... Lets assume that Satoshi owns 1000000 bitcoins, and that he never spends them.  Lets also assume that 1000000 people will all own 2 bitcoins. Lets also assume that 100000 people will own 10 bitcoins.  Lets also assume that 1000 people will own 1000 bitcoins.  That means that there are 1000000 + (1000000 X 2) + (100000 X 10) + (1000 X 1000) = 5000000 bitcoins owned by 1 + 1000000 + 100000 + 1000 = 1101001 people.  The remaining 16000000 bitcoins have to be split up among everyone else.  That means that anybody that owns a full bitcoin would in that case own more bitcoin than 99.775% of the world population.

Plug in your own numbers for how many people in the world you think will own 1000000 BTC, 100000 bitcoins, 10000 bitcoins, 1000 bitcoins, 100 bitcoins 10 bitcoins, 5 bitcoins, and 2 bitcoins.  Do the math, and you'll see that it is quite unlikely that more than 0.2% of the population will realistically own a full bitcoin or more.  99.8% or more of the population will never get to know what it is like to own a full bitcoin.

This is a good sign that BTC price is rising. But the good thing is it is still possible to own 1 BTC now. When the price of BTC go to $1,000,000, we can only dream about owning 1 BTC.

I think one of the big reasons for this psychological effect is that "Bitcoin" is both the name for the network and it's main unit of currency, which makes people more focused on a value of one whole coin. Also, many people who are not familiar with Bitcoin may think that it can't be split into smaller units - they are used to fiat money where basic units like dollar or euro can usually be split into 100 small coins. But I don't think that it's a problem for Bitcoin, because anyone who gets interested in it quickly learns about how it works, so only a small amount of people gets discouraged from entering because of price.

As long as bitcoin price is increasing continously, then owning at least small fraction of it would be great as it was valuable.

So how much more if you able to get a whole BTC after trying for long period of time. Just go with the flow and don't worry about that as you don't need to in the first place. It's no different when you can easily got BTC1 but the price for it is kinda really low.

You need to forget about those thoughts, yes the price of bitcoin went up, well we do not have control over that the only thing we have control is how much fiat we get and how much we invest in bitcoin, if you are not willing to invest in bitcoin at these high prices then take the risk and invest in an ico, you are going to take a similar risk that the early adopters took when they invested in bitcoin, you can lose all your money or make a fortune.

Well the same is true for anything that has an increasing price, diamonds, gold, real estate, rare art. It does not mean that it is impossible, plus unlike the others bitcoin is somewhat unique in the sense that you can own a fraction of a bitcoin. I do not think we will ever see the day when 1 satoshi is 1 cent but perhaps it will occur, if you think that will happen then that's more reason you should invest what you can right now, even the maybe 1/10 of a bitcoin you could buy would be worth a large amount in such a scenario.

That's right. Never thought fractions of BTC would get so expensive so soon.

BTC is only a comparison to what an individual may hold in their hands. Sure, a year ago it was $800, prior to that it was $500, who could have predicted the price jump? Many investors decided to group together and open up channels via other ICO’s and so in doing this they brought tremendous amounts of investment aboard. This speculatively is in the news for next year and will create another surge. Some analysists state that BTC won’t slow down ever again and will reach prices too high for any regular individual to attain such eclipsing 100k per 1 BTC... it’s very possible if the traditional billionaires want it that way when they come into crypto with all of their investment companies. Otherwise, they may decide to control it themselves by other means ...

but it is good mate, why do you want to see a cheap bitcoin? it is perfect at the moment, it is rising day by day and i think that this situation is the only one that we all want to see if we talk about bitcoins.
if you invest $1000, wouldn't you like to see that you have $2000 by the next day? nobody would like to see losses on their portfolio, and a lot of people are now buying bitcoins, maybe this is one of the reasons of why it has been rising a lot on the last few days.
The volume has increased a lot too, and the marketcapitalization for bitcoin has went up for more than 10 billion dollars in just two days.

Yes of course. Because the price of Bitcoin is not only standing stable all the time, it's increasing very quickly day by day so if you want to earn 1 BTC at the moment is really hard but it's still possible when you work really hard for it. Maybe by joining signature campaign in this forum only is too difficult to earn enough 1 BTC but you can use the amount of Bitcoin you got from signature campaign to join trading. If you are a good trader it'll be much easier to get 1 BTC if you have huge capital. Few months ago I earn 0.9 BTC in just a week through trading and my capital at the begin was only 0.1 BTC )

nah. psychology counts.

it's not robots putting money into this, it's people. and people like seemingly arbitrary figures and measurements. whole lives revolve around them.

there'll come a time, maybe sooner than we expect, that owning a whole coin is completely out of the question so one is gonna be fretting about it. until then it's still a thing.

It really is a real thing. I told a friend about btc and he think he's too late to the party because he cant own a full btc. I said, buy fractions, he's still not budging. Very weird

I agree with you. No one buys gold in bars. People buy gold in smaller amounts because it is valued very high. Bitcoin is just a number; it should not be intimidating nor a goal. It's always changing!

Instead of setting your goal to owning a specific amount of BTC, you could instead say you want to own, let's say, 10,000 dollars worth of bitcoin. This offers a more stable goal if you're really looking to have one, and the fluctuations of bitcoin can help you out in achieving what you want.

Who cares?  One Bitcoin is a completely arbitrary figure.  If the value rises, that shouldn't change the amount of value (probably measured in fiat) that you are willing to invest in BTC.

If it comes to a really ridiculous point, people can just use microbitcoin (bits).  In theory, if the price of Bitcoin was $1,000,000, one microbitcoin would be worth 1 US cent.  More divisions could also be created if necessary without increasing the supply.
This is only in your mind.  Nothing suddenly changes as soon as you own a specific amount of BTC.

The last time I talked about this, BTC was about $4500 and that was ALOT. Look at it now $7700

There is something special about wanting to own a full BTC but I can see that most will never. 10 years down the line and people will owning very small fractions of BTC.
Can you imagine the day when 0.00000001 is equal to $0.01