Topic: I will never own a whole Bitcoin and that's okay - page 4. (Read 820 times)
The majority of the members here with significant forum experience missed their opportunity to add 1 Bitcoin to their wallet. As we all know, in 2016 the price of bitcoin was below $5,000, about $3–$4,000. Because most forum members had criticized the price not reaching the 20k dollar mark before 2017, most of us did not anticipate the value of 68k dollars.
I signed up on this forum in 2014 with minimal knowledge of cryptocurrencies and a restricted ability to comprehend their concept. Being a young teenager, you'll understand. On top of that, I had no way of acquiring it myself. Thus, I missed the opportunity to buy at ridiculously low prices (compared to today's). I gave up shortly after and reappeared on the forum in 2017 for about a year or two at most, abandoning it again and kicking some great opportunities once again.
2014, hmm it's really impressive buddy in my knowledge at that time there were only a few people who knew about cryptocurrencies at that time and you are one of those lucky ones which refers that you might have decent experience because most of the people on the forum + in the Bitcoin market entered after 2017. This is really unfortunate that you still don't own a Bitcoin as you are one of the early market grabbers. Other people regret about their late joining of the market because they were unaware and uneducated with the technology.
Anyway, you should believe in yourself and start making DCA may be at some time you will get Bitcoin and your dream comes true. But this is a big regret that you've missed the chance two times back to back. There is might be some more opportunities for you again in the future.
I agree with the general idea of the responses. One should not become obsessed with owning 1 BTC. It is a round figure that fascinates many of us because of its present value and possible future value, but everyone should acquire as much or as litte as they can, as they are sure to be better off in the future if they have accumulated some BTC than if they have not.
Having an obsession with having 1 BTC is natural because it can motivate us to keep trying hard. Even though owning 1 BTC right now is not easy, we must keep trying because of the potential for a very high increase in the price of BTC in the future.That obsession will also be the target of the dreams we want to achieve. And when we have succeeded in having 1 BTC, we must have the next target that we want to achieve and be sure that we can achieve it.
That way, we will always be motivated to try hard, even though it may seem difficult. But by trying many ways, we will find ways to think it's possible to have more than 1 BT and achieve it one day.
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I just don't get it sometimes on why there are other people obligating others to get a whole Bitcoin just to call themselves an investor to Bitcoin. "uR nOt a BiTcoiNer if u dOn'T hold 1 BiTcoin"
Back then, I always thought that Bitcoin was not like an investment but more of like an currency used by criminals especially in the deep web. While part of those are true, I just found out in the early 2017 that I was wrong about thinking it as just a illegal currency then I just decided that day to why not find a site to discuss Bitcoin then I found this forum. We all do have our learnings and now that I am holding less than a whole Bitcoin (but quite near the whole) make me think that I had been into this so far.
We missed the early stages, but that doesn't mean that we don't have a chance in the future.
You never know what happens in future. Acquiring 1 whole bitcoin sounds like a big deal today and you say you have around 0.2 BTC which is good.
May be in future there will be people who would say I cannot acquire 0.1 BTC but that's okay. They will consider you among the wealthy ones for owning 0.2 BTC.
So never consider yourself small and never think of a particular amount as a big deal because that will keep changing.
Even now as we speak, I am sure there will be many people around who would consider you wealthy for owning the amount you have now.
Most people on earth will never own a whole bitcoin, and that's okay. 21 mln.BTC purely from mathematical calculations are not enough for everyone, especially since whales have a large proportion of them. So you don't stand out in any way (Except that a lot of people don't have 0.2BTC and never will).
The Greeks are still lucky to get $10,000 a year. In many other countries, accumulating 1 whole bitcoin can take 2-3 times longer than yours. Your conditions are not the worst yet.
Not being able to own 1BTC is not the end of the world. You shouldn't dwell on it.
Worrying about past missed opportunities is useless. I prefer to look to the future and I agree that trying to jump beyond your capabilities will not succeed and a balance should be found between investment and comfort.
The Greeks are still lucky to get $10,000 a year. In many other countries, accumulating 1 whole bitcoin can take 2-3 times longer than yours. Your conditions are not the worst yet.
Not being able to own 1BTC is not the end of the world. You shouldn't dwell on it.
Worrying about past missed opportunities is useless. I prefer to look to the future and I agree that trying to jump beyond your capabilities will not succeed and a balance should be found between investment and comfort.
I agree with the general idea of the responses. One should not become obsessed with owning 1 BTC. It is a round figure that fascinates many of us because of its present value and possible future value, but everyone should acquire as much or as litte as they can, as they are sure to be better off in the future if they have accumulated some BTC than if they have not.
The majority of us missed the boat when Bitcoin was cheap, and now acquiring a whole coin isn't affordable anymore. The average wage in Greece is approximately €800 (about €10,000 per year), while Bitcoin's price is at $27,500 as we speak (about €25,000), which means that I will need 2.5 years to acquire the requested amount of money, in the condition of not spending a single Euro, without taking into account any price increases. Thus, purchasing a whole coin would effectively require up to 6 or even 7 years for the average person in Greece.
Regardless of the fact that you've missed some opportunities in the past, trust me it's not too late to own 1 BTC one day, but only if you're ready to embark on that journey today. Of course, that would require a little (perhaps a lot) sacrifice and maybe another job on the side and a good investment strategy. Whether it's classic DCA, accumulating fiat and waiting for a big crash or selling your BTC on the way to ATH and then reinvesting in it at several times lower prices.
Let's say that the next ATH will happen sometime in the second half of next year and that the price of 1 BTC will be x5 from today, which would mean somewhere around $150k and that you have around 0.25 BTC to sell, which would bring in around $37k. If you consider that the correction that follows the ATH usually wipes out about 70% or more of the value of BTC, for the money you got selling 0.25 BTC you could buy a whole one or at least close to it.
It's not high math or anything like that, but at least it's something worth thinking about when looking at historical data related to Bitcoin
To summarize, my point is that many of us won't become rich or earn a great deal of money through Bitcoin, but that's okay; money isn't the greatest goal in life. We missed the early stages, but that doesn't mean that we don't have a chance in the future. There's no need to regret anything, coming from someone who was here during the first years and missed the boat. It's completely unnecessary to stress over how to acquire more and go above and beyond by selling stuff or exceeding the budget you can afford. Stick to what you can afford to spend and stick to that plan; don't go to extreme measures; and remember, there are no guarantees in investments.
Everything takes time; some people missed out on early Bitcoin investments due to a lack of knowledge about the entire process, but after gaining that knowledge, they return and continue to invest in Bitcoin even as the price has skyrocketed due to their faith in the overall financial freedom Bitcoin has brought to us.Though I regret not being among the early investors, I am grateful to have invested in Bitcoin at this stage because the price is below my expectations, so I am happy with what I have and am willing to buy more; I hope the price remains in this range for a while before shooting up .
People who are only just starting to get into bitcoin now will struggle to ever get a whole bitcoin, especially if tgey are not in a First World country & earning a good salary. Like you say OP though, that is OK. It’s said very often but there are only 21,000,000 to ever exist so there isn’t even close to enough for each millionaire in the world to own a whole bitcoin, let alone the entire population.
Just save what you can because every single satoshi is precious. Bitcoin is the best money to ever exist, get as much as you can because over long term the price is only going up.
Just save what you can because every single satoshi is precious. Bitcoin is the best money to ever exist, get as much as you can because over long term the price is only going up.
Don't try to limit your self OP, there's opportunity out there waiting to happen in the future that might make you eat the words that you're saying right now and I think it helps a lot if you're optimistic, if you have other means to make money to slowly accumulate more bitcoin then I would respectfully disagree with you.
To summarize, my point is that many of us won't become rich or earn a great deal of money through Bitcoin, but that's okay; money isn't the greatest goal in life. We missed the early stages, but that doesn't mean that we don't have a chance in the future. There's no need to regret anything, coming from someone who was here during the first years and missed the boat. It's completely unnecessary to stress over how to acquire more and go above and beyond by selling stuff or exceeding the budget you can afford. Stick to what you can afford to spend and stick to that plan; don't go to extreme measures; and remember, there are no guarantees in investments.
I had also missed the early stages of Bitcoin because of the doubt and lack of knowledge about crypto currency. I feel a bit sad of missing that stages but those times is not really meant for me. Though we cannot invest a single bitcoin now because of the high value, but it awakens my inner self to strive harder to find other source of income to be able to acquire or invest in Bitcoin and of course i will never ever get a loan just to acquire it. There are still a lot of time to pursue to be able to invest in bitcoin. We need to work hard to earn more to be able to invest.
Being late to the Bitcoin party can feel like a punch to the gut, like the chance of a lifetime slipped away. But as you astutely observe, cash isn't life's crowning achievement; fulfillment can be found elsewhere.
Indeed, by embodying Bitcoin's philosophy and the broader crypto ethos, you might uncover a sense of purpose and camaraderie that outshines simple financial gains. Decentralization, transparency, and innovation—cryptocurrency's pillars—are awe-inspiring. Dive headfirst into the community, join the grand debate, and unearth a profound sense of purpose.
Money isn't insignificant, naturally. However, adopting a holistic and philosophical perspective in your crypto endeavors could lead to a gratification that outshines mere wealth.
Indeed, by embodying Bitcoin's philosophy and the broader crypto ethos, you might uncover a sense of purpose and camaraderie that outshines simple financial gains. Decentralization, transparency, and innovation—cryptocurrency's pillars—are awe-inspiring. Dive headfirst into the community, join the grand debate, and unearth a profound sense of purpose.
Money isn't insignificant, naturally. However, adopting a holistic and philosophical perspective in your crypto endeavors could lead to a gratification that outshines mere wealth.
To summarize, my point is that many of us won't become rich or earn a great deal of money through Bitcoin, but that's okay; money isn't the greatest goal in life. We missed the early stages, but that doesn't mean that we don't have a chance in the future. There's no need to regret anything, coming from someone who was here during the first years and missed the boat. It's completely unnecessary to stress over how to acquire more and go above and beyond by selling stuff or exceeding the budget you can afford. Stick to what you can afford to spend and stick to that plan; don't go to extreme measures; and remember, there are no guarantees in investments.
I can literally relate to the most part of your story and whatever you said. I was also in the same situation back then, came to know about Bitcoin very early, when the price was only about $400 but didn't have any funds to buy, tried my best and earned some back in the days but then spent them not having any idea about the future.Just like you, I have seen the price soaring high in front of my eyes but could never use it in my favor since I was too young and didn't have any money to buy or anything that I could sell and invest in Bitcoin. Now when things are different, the price is obviously too high.
To summarize, my point is that many of us won't become rich or earn a great deal of money through Bitcoin, but that's okay; money isn't the greatest goal in life. We missed the early stages, but that doesn't mean that we don't have a chance in the future. There's no need to regret anything, coming from someone who was here during the first years and missed the boat.
The point is indeed here. When we want to get rich from investing in Bitcoin, this actually can happen. The question is how rich do we want to be, how long will it take us to be rich, and also how much money do we invest so we can become rich? Because the answer to this question will certainly be different for everyone. Bitcoin is one of the more reputable crypto investment choices not because we want to get rich quicker, but because we believe in Bitcoin, in how Bitcoin will be able to reach high numbers again and with this we can take advantage of the bearish and bullish momentum. This is widely used by people to make high profits by taking advantage of these two moments. And Bitcoin is also reliable compared to investing in altcoins, which in my opinion is more risky. 
I enjoyed your post summary and the angle with which you presented your candid thoughts, OP.
I too doubt, if I will ever hold or own a whole Bitcoin. It is quite true how most of us would have owned some if we had the early initiative, while it was Still cheap. Right now, even if I can't have the whole Bitcoin, earnings from BTT campaigns has more than compensated for that and with the knowledge I have gained so far here, I can easily invest in other areas, mostly acquiring shares and trades, of which is sure to yield interest over time.
I too doubt, if I will ever hold or own a whole Bitcoin. It is quite true how most of us would have owned some if we had the early initiative, while it was Still cheap. Right now, even if I can't have the whole Bitcoin, earnings from BTT campaigns has more than compensated for that and with the knowledge I have gained so far here, I can easily invest in other areas, mostly acquiring shares and trades, of which is sure to yield interest over time.
I signed up on this forum in 2014 with...
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... the budget you can afford. Stick to what you can afford to spend and stick to that plan; don't go to extreme measures; and remember, there are no guarantees in investments.
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... the budget you can afford. Stick to what you can afford to spend and stick to that plan; don't go to extreme measures; and remember, there are no guarantees in investments.
I think it's not quite right to calculate in how many years you will save up only for bitcoin. After all, in addition to your salary, you also get a subscription (if you, like me, also have a full-time job). Plus, it should be taken into account that you can engage in trading - those who know how to do this will save up for bitcoin much faster than others. Plus, you can participate in contests where you can win good money in cryptocurrency.
And of course you need to take risks - someone will be able to get rich quickly, someone will spend everything. Also, the price of bitcoin is changing, and tomorrow it may start to cost 100k.
The main thing is to work with cryptocurrencies in a convenient, reasonable rhythm, and not to set strict goals for yourself.
To summarize, my point is that many of us won't become rich or earn a great deal of money through Bitcoin, but that's okay; money isn't the greatest goal in life. We missed the early stages, but that doesn't mean that we don't have a chance in the future. There's no need to regret anything, coming from someone who was here during the first years and missed the boat. It's completely unnecessary to stress over how to acquire more and go above and beyond by selling stuff or exceeding the budget you can afford. Stick to what you can afford to spend and stick to that plan; don't go to extreme measures; and remember, there are no guarantees in investments.
I like your honest take on this which I believe comes from a place of deep self-awareness. You seem like an easy-going person who doesn't see the accumulation of bitcoin as a "I must get it by all means." People like you eventually no matter how long, would get it 1 bitcoin. And what you said is the truth, it is a statistical destiny that most of us won't become rich or earn a great deal of money through Bitcoin. However, bitcoin will be able to make some positive changes in our lives. Such as helping us to meet an urgent need, help us to bypass country-restricted border transactions.
Summarily, we should diversify our portfolio - a little bitcoin here, a little stock there, a little real-estate investment here, a little other investment there. That's how it should be. And everyone lives happily ever after.
This thread reminds me when I was new on Bitcoin and crypto currency communities and at first I did not understand completely the need we all had to implement sub-units of Bitcoin on Wallets and even on exchanges. But nowadays I understand that using excessive decimals while dealing with assets can awake a sense of urgency on people to feel acomplished and be onwers of a single unit of the asset they trust.
That also happens with gold and there is a similar phenomenon with the FIAT, people used to fix their attention on the "1 million dollar" amount.
It is okey to want to have 1 coin, we are talking of money after all. Who wouldnt like more money? But we should not belittle ourselves over it and be aware that a handful of Satoshis are worth hundreds of shitcoins. That is why Bitcoin is still the queen of this market.
We know that human beings are ones who doesnt really have that contentment and if they do saw someone who do own lots of coins then its neither they would really be getting jealous or would really beThat also happens with gold and there is a similar phenomenon with the FIAT, people used to fix their attention on the "1 million dollar" amount.
It is okey to want to have 1 coin, we are talking of money after all. Who wouldnt like more money? But we should not belittle ourselves over it and be aware that a handful of Satoshis are worth hundreds of shitcoins. That is why Bitcoin is still the queen of this market.
making it as an inspiration for them to reached out and accumulate 1 whole coin on their entire life.Yes, the amount involved isnt anyone could be able to easily to accumulate with and this is why
we do really end up on other options on accumulating in fractions which is something not a bad thing at all.Dont make yourself that get desperate on getting a whole coin because
even on small fractions would only do and the most important thing is that you do able to hit up something when it comes to target and goals.
A little bit defeatist but as the Buddhist teachings go, contentment is the way to success.
If you're diligent enough, pretty sure you'd get more than the .20 BTC you have right now, these signature campaigns we're in pay good money anyway, so there's a high possibility that, provided that you don't do anything with your bitcointalk earnings, in the future you may earn your first bitcoin too, but I know that's not what you're shooting for anymore.
At the end of the day, there's still other ways to earn more money in the future, something that wouldn't involve earning a whole bitcoin to be successful, you seem like a decent guy, and your reputation in this forum is good enough for you to be entrusted with a campaign that pays handsomely. Just keep at it and you'd be able to reach your financial goal (I believe so), whether it be earning bitcoins or not.
If you're diligent enough, pretty sure you'd get more than the .20 BTC you have right now, these signature campaigns we're in pay good money anyway, so there's a high possibility that, provided that you don't do anything with your bitcointalk earnings, in the future you may earn your first bitcoin too, but I know that's not what you're shooting for anymore.
At the end of the day, there's still other ways to earn more money in the future, something that wouldn't involve earning a whole bitcoin to be successful, you seem like a decent guy, and your reputation in this forum is good enough for you to be entrusted with a campaign that pays handsomely. Just keep at it and you'd be able to reach your financial goal (I believe so), whether it be earning bitcoins or not.
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