Out of Reach | Bitcointalksearch.org

sapnu

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Quote from: aoluain on December 27, 2020, 07:01:25 PM

My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.

As an investment Bitcoin is a very friendly asset for the nit so wealthy classes. There
is no minimum purchase amount and each and every one of us gets to hold our investment
if we want.

We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from
the people who need it and into the people who control large portions of wealth.

A bit of a conundrum...

We cannot blame bitcoin from being far from our reach. We had our chances way back, it can be during the first few years of bitcoin or those time where its value is still very low, and we let that slip away just because we are afraid and we doubted that bitcoin can become successful. It could be anybody's goal, to reach and own even just a single but for the mean time, we should not set aside even the smallest amount of bitcoin because it has a lot of potential of increasing considering the growth of bitcoin. On the other hand, it surely feel good if you are one of those few person who were able to store and hold their bitcoin right or near from the beginning up until now.

jaysabi

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Quote from: Mauser on April 16, 2021, 07:26:40 AM

Quote from: Wind_FURY on April 16, 2021, 06:02:31 AM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

With a Bitcoin price above 60,000 USD it seems nearly impossible for a beginner in the crypto world to go directly for 1 BTC. Its just too much money. Even if you had such kind of funds available right now I wouldn't recommend to put it all in Bitcoins. The risk of owning only one crypto coin is quite high with these prices. In my opinion it would be better to split your funds among 4-6 different crypto coins, with only 50% put into Bitcoins. As a long term goal owning 1 BTC is still a viable in my opinion.

Honestly, with how many coins are completely useless, owning other coins seems like a much bigger risk than just owning bitcoin. The only reason most people try to buy other coins is in hope to pumps like bitcoin did, but that lightning isn’t going to strike twice.

Alert31

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Maybe most people has a target of owning at least 1btc but it is impossible for those who can't afford to buy a whole 1btc but possible if you buy it partially until you make it as a 1btc. It's like you're putting money in the bank little by little until you make it a million after a couple of months, that was also in bitcoin. You don't need to invest huge amount to get 1btc instantly, instead invest a little and just multiply it. Bitcoin now is too high and it will continue to increase as the demand keep on increasing. Better to invest now.

Taskford

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Quote from: istiak2277 on April 16, 2021, 11:09:03 AM

Quote from: Taskford on April 16, 2021, 07:11:14 AM

Quote from: Wind_FURY on April 16, 2021, 06:02:31 AM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

That's wrong mindset from people like him since at actually we don't really need 1 btc just to gain since even small fraction will give us a share in bull market aslong as we hold it or either trade it. I see some of the traders especially on binance earning a good profit for trading eventhough they don't have 1 btc still they are gaining a decent figures at the end of the day.

What I think is people take it more like prestige. Holding a full 1 bitcoin is not possible for everyone that's why many feel honored if they can do that. Sometimes everything is not about money but also status. The way crypto hype out this year I think the price of bitcoin is still in dip and we could get 3 to 4X from here easily so I do not think it's totally out of reach.

This will not be possible if they are holding bitcoin without doing anything, we have lots of programs around which can make us earn that figures and if we are skilled provably it can fasten up things towards achieving that whole figures. Also its not about status since see so many individual earning good profits for investments here for example grabbing the opportunity on binance launchpad and other BSC craze things.

Quote from: Wind_FURY on April 17, 2021, 03:05:37 AM

I believe it’s more because of a “unit bias” problem. Wallet developers should stop using “BTC” as the base unit and start to use Satoshis or Bits in my opinion. It’s also better from a UX standpoint.

I think they are using that already but BTC but people always makes misconception about it especially with newbies since they always look at the BTC as a whole figure and not with small fractions.

newwest

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Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Many here had suggested the small investors that on monthly basis save a small portion form your income and invest in good coins. Those who did are successful today as their investment if one in top coins are growing and this returns in last one years would be in 3 or 4 digit mark as well depending upon the coin they hold. So continue buying small every time on dips each month.

Wind_FURY

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Quote from: istiak2277 on April 16, 2021, 11:09:03 AM

Quote from: Taskford on April 16, 2021, 07:11:14 AM

Quote from: Wind_FURY on April 16, 2021, 06:02:31 AM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

That's wrong mindset from people like him since at actually we don't really need 1 btc just to gain since even small fraction will give us a share in bull market aslong as we hold it or either trade it. I see some of the traders especially on binance earning a good profit for trading eventhough they don't have 1 btc still they are gaining a decent figures at the end of the day.

What I think is people take it more like prestige. Holding a full 1 bitcoin is not possible for everyone that's why many feel honored if they can do that. Sometimes everything is not about money but also status. The way crypto hype out this year I think the price of bitcoin is still in dip and we could get 3 to 4X from here easily so I do not think it's totally out of reach.

I believe it’s more because of a “unit bias” problem. Wallet developers should stop using “BTC” as the base unit and start to use Satoshis or Bits in my opinion. It’s also better from a UX standpoint.

istiak2277

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Quote from: Taskford on April 16, 2021, 07:11:14 AM

Quote from: Wind_FURY on April 16, 2021, 06:02:31 AM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

That's wrong mindset from people like him since at actually we don't really need 1 btc just to gain since even small fraction will give us a share in bull market aslong as we hold it or either trade it. I see some of the traders especially on binance earning a good profit for trading eventhough they don't have 1 btc still they are gaining a decent figures at the end of the day.

What I think is people take it more like prestige. Holding a full 1 bitcoin is not possible for everyone that's why many feel honored if they can do that. Sometimes everything is not about money but also status. The way crypto hype out this year I think the price of bitcoin is still in dip and we could get 3 to 4X from here easily so I do not think it's totally out of reach.

Mauser

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Activity: 1974

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Quote from: Wind_FURY on April 16, 2021, 06:02:31 AM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

With a Bitcoin price above 60,000 USD it seems nearly impossible for a beginner in the crypto world to go directly for 1 BTC. Its just too much money. Even if you had such kind of funds available right now I wouldn't recommend to put it all in Bitcoins. The risk of owning only one crypto coin is quite high with these prices. In my opinion it would be better to split your funds among 4-6 different crypto coins, with only 50% put into Bitcoins. As a long term goal owning 1 BTC is still a viable in my opinion.

Taskford

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Activity: 2520

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Quote from: Wind_FURY on April 16, 2021, 06:02:31 AM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

That's wrong mindset from people like him since at actually we don't really need 1 btc just to gain since even small fraction will give us a share in bull market aslong as we hold it or either trade it. I see some of the traders especially on binance earning a good profit for trading eventhough they don't have 1 btc still they are gaining a decent figures at the end of the day.

Wind_FURY

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Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

jaberwock

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Quote from: aoluain on December 27, 2020, 07:01:25 PM

My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.

If you’re going to keep waiting for when you’re going to own up to 1 bitcoin , then you’re going to keep waiting until it’s very late for you to get in the train. If you know very well that you want to one bitcoin then it’s best for you that you invest at the right time with whatever amount of money you have. What matters most is that the worth of the asset you own increases and as it goes, the money you have there will also increase.

I can remember telling my friend to buy bitcoin at the rate of $9000, and he kept telling that he would wait till Bitcoin drops to $1500 since what he had was $1000. But he never got that chance, and he’s regretting it now. Imagine if he invested that $1000 at the rate of $9000 or $10,000? That small $1000 would have been more than six times the worth by now.

awik p

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Quote from: sulendra12 on April 14, 2021, 11:04:19 PM

Quote from: galestorm on April 13, 2021, 09:10:08 AM

Yes, everyone here aspires to acquire atleast 1 bitcoin.

Yes the dream of most people is to have at least 1 Bitcoin. But, why would you even buy a whole 1 Bitcoin when you can buy it in small number and then increase it time by time. It's much better in my opinion rather than saving your money just to buy 1 Bitcoin.

everyone wished when something had happened. just like bitcoin, when the price is low or even there is a bubble, people are worried about buying it. but at times like this, many people would fantasize if they used to buy, and now might be rich

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Quote from: bosede1 on April 13, 2021, 09:56:47 AM

I have not heard about having a minimum amount you must buy so far. Whatsoever amount you have will be converted to the amount of bitcoin what at the present point in time.

It's not about a minimum amount you have to buy but more a psychological thing: no matter how much BTC is worth, at least you wan to have 1 BTC and not some mBTC. I remember back in 2011 when I started mining it took me some days to have earned my first BTC – that was somewhat magical and it was "only" worth some 7 or 8 USD at that time. Don't underestimate the magic of having at least one coin rather then some mBTC.

sulendra12

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Quote from: galestorm on April 13, 2021, 09:10:08 AM

Yes, everyone here aspires to acquire atleast 1 bitcoin.

Yes the dream of most people is to have at least 1 Bitcoin. But, why would you even buy a whole 1 Bitcoin when you can buy it in small number and then increase it time by time. It's much better in my opinion rather than saving your money just to buy 1 Bitcoin.

tanjiran

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Quote from: galestorm on April 13, 2021, 09:10:08 AM

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

the opportunity is always there. if bitcoin is too hard to grab, there are still many potential altcoins to use. Moreover, the market is bullish, look for potential projects, if you can join an early stage sale, or participate in a binance token listing, prices can usually increase many times over. it is risky so make sure you are prepared for the worst risks.
anyone can take advantage of this opportunity, don't be discouraged, use the existing capital to the fullest.

tygeade

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We are already at nearly 63k dollars, another ATH, and people are still talking about how people can't own 1 bitcoin anymore. It is not about owning 1 bitcoin anymore, it is more about how you can buy any amount of bitcoin you want and still can get richer. I personally bought less than 1 bitcoin a year ago and that was the best financial investment I have ever made in my life, that's really proof that you do not have to own 1 bitcoin, you can buy as much as you can afford, buy 100 satoshi, buy 10k satoshi, buy anything you can afford and you will profit from that.

Financial freedom doesn't start from having a lot of money first and then making that money into even bigger money, financial freedom starts from the small 20 dollars you put aside that gets more money from you and the investment all together, do not assume that 20 dollar will not become big amount, just work towards putting more 20 dollars beside it and hope that goes up.

bosede1

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Everybody can buy whatsoever amount you are capable and willing to buy. I have not heard about having a minimum amount you must buy so far. Whatsoever amount you have will be converted to the amount of bitcoin what at the present point in time.

galestorm

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Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Matimtim

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Many people want to have a big amount of bitcoin because bitcoin is one of the good investment that anyone can have here, because if you have atleast 1 bitcoin you will become rich because bitcoin price is so expensive and still going better.

Mauser

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Quote from: goldade on March 26, 2021, 12:09:07 PM

You should know that bitcoin is way expensive than what it was back then when it all started. If people can buy bitcoin now even as expensive as it is, then I believe people can always buy bitcoin.
Satoshi must have known that with time bitcoin would become expensive and so many won't be able to afford 1 unit of it and that's why he made sub units of it. Now everyone can buy any units of bitcoin no matter how small it is which is what Satoshi intended for.
So there really is no conundrum. The 21 million supply of bit
coin can always go round

Owning Satoshis is a good start into the crypto world, but once you are around for a few months your target will probably switch to own atleast 1.0 BTC. I don't know why, for me it is exactly the same. Sure everybody can be part of the crypto community, but it all depends on having a target we go for, it's the same as with saving money for a new car or a big vacation. Even though bitcoins are so expensive at the moment I will try and build my portfolio up if I have FIAT currency I don't need right now. The same goes for gambling or buying alt coins, I will rather use FIAT than my bitcoins. It might be a long road to 1.0 BTC, but if we are determined we can all achieve it eventually.

Topic: Out of Reach (Read 1269 times)