Topic: I guess now is the time to get ready. (Read 179 times)

Your opinion about buying bitcoin is similar to the opinion of a person very far from the crypto world (most people). The fact is that bitcrine does not have to be bought all at once if you decide to acquire the number one crypto currency on your crypto wallet. Bitcoin has its own so-called "pennies". They are called satoshi (abbreviated as sat). It turns out that one bitcoin will be equal to 100 million Satoshi. And you can easily buy absolutely any part of bitcoin (a tenth or a hundredth part), depending on the available funds. Therefore, you do not need to think that you need 50 thousand dollars to buy bitcoin.

Just like gold, everyone will be able to buy it in the smallest unit, so no matter how high the price of bitcoin is, anyone can buy it. But the question is, is there any benefit to buying at that time? I mean when the price of bitcoin gets too high and will saturate like gold then buying at that time is like buying gold, there won't be too much profit.



I don't think OP's reminder is late as there are still a lot of new people entering the market every day and a lot of people who haven't bought bitcoin yet. So now is still a good time to get started with bitcoin for those who don't already own it.

Bitcoin is a free market, it's not like a stock market where you need to have a minimum of exact money to start buy stock. Maybe centralized exchange asking a minimum amount to deposit, but if you use P2P or decentralized exchange, there's nothing like that. Even Bitcoin price is really so high that 1 Satoshi is worth for $1 and you need to spend $50 for the miner fee, it's possible you buy 1 Satoshi and you spent $51 to get it, but we're know no one will do stupid thing like that.

I live in Sri Lanka. In Sri Lanka, there are no rules for cryptocurrency. But the politicians are invested in the bitcoins to hide the black money. As a citizen, we don't have options left unless leave the country. I personally trying collect satoshi. but keep in mind that bitcoin depends on quantum computing.

First things first, you need to understand that there are no minimum amount so you can buy bitcoin, because bitcoin is sold by fractions not necessarily the whole 1 bitcoin. So, no matter how much 1 bitcoin would cost in the future, poor people can still afford a few fractions they can keep as an investment.
Secondly, some governments are already taking advantage of the benefit that bitcoin could give them in the future. Not to mention, there are countries already.
And lastly,  the perfect time to invest in bitcoin is when you fully understand what bitcoin is, how it works, and how to make a good entry point. So, there are no specific price to determine when is the "perfect" time to have your own bitcoin.

You can buy any amount of Bitcoin and wait for a better price in the future with the expectation that the price of Bitcoin will increase significantly in the future from the current price. The price of Bitcoin may go from $50K to $100K in the future, regardless of the possibility you should buy Bitcoins according to your ability. If you buy more bitcoins than you can afford, thinking that the price of bitcoins may touch $100K in the future, you may end up in financial trouble, so buy as many bitcoins as you can afford, no matter what the odds are. If you can invest in this way then the investment will not affect you badly.

OP's basic question has me slapping my head for a number of reasons, and any thought of bitcoin pricing anyone out of the market such that they can't buy any amount is ludicrous for the very reason you're alluding to above, i.e., 1BTC is sub-dividable down to 8 decimal places, and I find it very hard to believe its price is going to soar so high that 1 satoshi is going to be too expensive for even the poorest person.  And by the way, why would dirt poor folks want to invest anything in crypto?  Eating comes first.

OP, everyone is going to start saying the same thing in this thread.  If you've got your answer (or even something approximating a statement that makes sense to you), please lock this thread.

You can still buy at a fraction of bitcoin like everyone said if bitcoin is pretty higher in price let's say 1 bitcoin equals 100K and stable at this position maybe there will be a dozen of app that you can buy bitcoin start from one dollar without cost or as low as 10$ like today.

However if bitcoin reached its peak I assumed there would be and ETF or altcoin as a second consideration too

Well, the smallest unit is 1 / 100 000 000, although Lightning Network allows even smaller fractions. But still, $50k USD for 1 satoshi would mean that 1 BTC is worth some astronomic amount of value, probably larger than the whole global wealth. And there's 21 million bitcoins. So it's highly unlikely that Bitcoin subunits will ever be too large for representing value. That's even without Lightning Network.

Everyone can still buy even with that. It doesn't have to be bought as a whole and said of being expensive doesn't need you to buy the entire thing. The reason why bitcoin is a good asset to be bought is that you can buy it in fractions.

That's the solution that you're looking for because not everyone can afford to buy the entire thing. You if you're still thinking of what ifs when the price goes tremendously, you and I can buy in many portion of it, in many decimals of it.

That's a good point but, to be fair, it's not like any other crypto with tiny transaction fees (there are quite a few of them) got any massive popularity in those poorest regions neither.
So I wouldn't draw the conclusion that the main reason for the 3rd world not to use bitcoins is the high fees.


According to a quick Google Brave search, currently there are around 56 million millionaires in the world. It's impossible for each of them to own a whole bitcoin, doesn't matter how rich they are and how much are they willing to pay. This goes to show that owning 1 btc in the future may not be an easy-to-achieve goal.

No matter how high the price of Bitcoin will be, I always believe the people can afford to buy Bitcoin, not a whole but the fraction of it.  Bitcoin as we all know is divisible and also known to have a unit of satoshi just like cent to the dollar.

Unlike cars, and houses that do not function if bought by parts, Bitcoin can be bought by decimal and function the same as Bitcoin where you can easily make a transaction out of it.  


You have been late in reminding people about accumulating Bitcoin.  There have been lots of reminders being published here for years now about holding BTC and the possible surge of the Bitcoin price in the future.

That's what Satoshis are for, which is the basic unit of cryptocurrency in the bitcoin network. If things go well and bitcoin reaches stupendous amounts, you can bet your sweet bippy that satoshis will also become more valuable, able to give people the opportunity to just buy and sell stuff using them as if they are using bitcoin. See it's as if Satoshi Nakamoto's got everything considered and in the bag, with the only problem involving scalability being the lack of solutions for network congestions.

At the end of the day, bitcoin's value rising to that amounts shouldn't be anyone's worry. As a matter of fact it should be celebrated as it is a spitting testament that bitcoin has come so far.

This won't be possible unless you're speaking hypothetically.
Realistically, this can't happen. Even if 1btc gets to a billion dollars, there would still be $10 worth of Bitcoin. It was designed that way.  Bitcoin was designed so that you can buy any amount you want. There is no minimum rate that people can buy.
The minimum amount of Bitcoin you can transfer is 0.000001BTC and that's like $0.02 today.

The worst that will happen is the dollar will lose value and $1 won't be worth anything anymore.

That would be great but at the same time it will encourage alot of people who wishes to invest but doesn't have the means to get it to go all out by selling their assets, but on the other hand I don't think it will affect the poor alone, it will affect the rich as well.
For these to happen I think Bitcoin might have been accepted world wide (that's for government to even get involved) and we might as well get something like a Bitcoin bank all over to make it easier. But come to think of it $50k?  It would be nice to see if it gets to that amount before the end of this year.

This could be the best time if you are already knowledgeable about the market, but if you are still new into this market I can say that its better to focus first on your learnings instead of rushing to buy Bitcoin. As long as you are ready to buy and hold Bitcoin you can enter the market any time at any price level, although buying during bear market is a good idea, I just want to emphasize the importance of having a good foundation and knowledge about cryptocurrency before you fully invest.

We should bare in mind.

1. Bitcoin investment could really be done via buying satoshis, even $1 per sats then you could still able to buy on exchange platforms or even p2p. So there
    wont really be that kind of restriction.

2. Government wont really be coming into a point on making crypto or Bitcoin as their main thing and letting citizens on making use of it. Its something
  that totally opposes with their interest and something that isnt shocking.

3. To those who are still skeptical would really be that able to miss out that money making opportunity excluding that benefits and utility then the only time
    that they would consider out on buying is on the time that the market is experiencing bull run or hype. Ended up on buying on peaks and ended up on holding
 for another market cycle which would really be leading into that regret in the end.

No, I don't mean 1 Bitcoin as a whole, if I mean 1bitcoin I will use the word 1 Bitcoin but I don't, if the minimum to invest in Bitcoin is $50k which means 1 Bitcoin as a whole will be millions of dollars, hope you get my points now?



Yes people need to buy the amount of Bitcoin they can afford that's why investors buys $50 coins as minimum then in future what if the minimum amount to invest in Bitcoin is $50k, what's what am trying to say.

I believe you mean one bitcoin equals $50k. But you do not need to buy one bitcoin to have bitcoins and be a hodler, any amount you can buy is okay. Even now not everyone buys one bitcoin, we buy in small affordable amounts and keep buying. So if the value of one bitcoin gets to $50k, people do not need to buy one if they cannot afford it, they just need to buy the amount they can afford.

Also, it is important to let you know too that no matter the price bitcoins gets to, I mean the value of one, there are individuals who will always be able to afford it.

you dont need to invest "$50k minimum".. you can buy parts of a bitcoin, no one needs to buy a whole bitcoin.. its not like company shares that need to be bought in whole

however if a TX fee is say $20..(its happened) no one would want to invest in anything if the fee is more then X% of the item.. and thus most would see if a $20 fee would mean people would only want to invest a minimum of $1k to make the fee seem reasonable of say 2%

this is why when you see countries where minimum wage is less than $1 a day. bitcoin has not populated those populations
because fee's of $0.20-$2(current range recently) appears as multiple hours of labour, which is foolish to pay many hours of real world labour for a fee to move money

---

with that said
whether you buy a whole btc or 0.xxx of a btc, the growth potential of future value-premium rise exists meaning the market speculative price can rise too (as long as theres no big bug/problem that breaks/ruins the network).
so yes while btc is in this halvings cycles low compared to its ATH.. its a good time to invest.

lets just hope those in control of the code decisions do not ruin bitcoin or make it unuseful via some bug or silly economic fee ploy to advertise some other subnetwork service they want people to use instead, via ruining bitcoins utility