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
Topic: Out of Reach - page 2. (Read 1269 times)
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...
The high price of bitcoin is not really a big problem for those looking to invest in it. Everyone can start with a certain amount of satosh that they can buy. Even with a bitcoin price of $ 60,000, one dollar can buy 1,666 satosh. With the price growth of bitcoin, its price proportionally grows and its constituent parts - satoshi. So far, everyone can catch this train. True, no one can say how high he will rise. It all ends someday. The main thing here is to jump off it in time. 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...
^^ Yes, bitcoin reaching $60k is possible, but then again the topic of bitcoin going to the few wealthy and not to average joe like us has some point by the OP it's because the price is really expensive and could be out of reach for the majority, specially targeting that 1 BTC.
However, when I look at this chart: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html, seems to be the majority is in the range of .001 BTC-.1 BTC. I think this should be the goal, and not try to join the elite club of 1 BTC, just saying.
However, when I look at this chart: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html, seems to be the majority is in the range of .001 BTC-.1 BTC. I think this should be the goal, and not try to join the elite club of 1 BTC, just saying.
Looking at it that way you are right. But it was necessary for bitcoin to increase in price due to the demand from large investors. If the situation were different, bitcoin will show the volatility to which we are already accustomed. Now it is different the volatility is lower and more manageable.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
One of the reasons why Bitcoin price is rising is a limited supply! With limited supply is easy, as demand grows the price will grow as well! And of course, as the price grows, it will get out of reach for many of us! Now it's pretty expensive to buy the whole Bitcoin!
But what's even more interesting is what will happen with many other good projects that have a limited supply?! Can some of those projects make something similar to Bitcoin in the future? Is there a project that can do that?
The institutions keep buying bitcoin on every dip which makes more demand and hype for bitcoin.
I am sure we will see bitcoin above 60K very soon.
I know it's out of our reach; however, bitcoin isn't about purchasing the 1 BTC and hold it. It's about the twofold your contributing by putting your low sum. Individuals frequently use bitcoins to exchange and make savvy benefits with them. For me, just a tycoon can purchase the 1 BTC and make a benefit by holding it for a decade. There's no restriction for bitcoin speculators. You can contribute as much you're bearing to lose.
But I can tell you, when you own a complete bitcoin, it just feels great and honored to even hold it for long time. I have been saving all the possible money I can from working and savings and I purchased bitcoins whenever possible, now I am a proud holder. I don't have such awkward superstitions that I should hold in round figure but yeah I always had a dream of having 1 full bitcoin and I can say I am proud I own it.imagine if 1 person / company has more than 1000btc it will certainly affect the price when they want to sell all their btc.
Yes, someone with a big amount of coins can dump the market but only once because once they have sold their coins and bring the market down, it will slowly again rise and get back to the normal value but that big whale is then gone forever. 
Looking at it that way you are right. But it was necessary for bitcoin to increase in price due to the demand from large investors. If the situation were different, bitcoin will show the volatility to which we are already accustomed. Now it is different the volatility is lower and more manageable.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
If you are really aiming to work inside then taking a piece each time you've got the opportunity to buy is still possible,
investors who are aiming to grab this opportunities is always welcome.
The demands coming from large investors might affects you in terms of value but if you really wanted to join in, you
always have the chance just take time to review and research before investing in.
Looking at it that way you are right. But it was necessary for bitcoin to increase in price due to the demand from large investors. If the situation were different, bitcoin will show the volatility to which we are already accustomed. Now it is different the volatility is lower and more manageable.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
One of the reasons why Bitcoin price is rising is a limited supply! With limited supply is easy, as demand grows the price will grow as well! And of course, as the price grows, it will get out of reach for many of us! Now it's pretty expensive to buy the whole Bitcoin!
But what's even more interesting is what will happen with many other good projects that have a limited supply?! Can some of those projects make something similar to Bitcoin in the future? Is there a project that can do that?
Honestly people should stop with their obsession about owning a whole bitcoin, bitcoin can be bought in fraction and why people still fussing over it just making me shake my head.
It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.
I always think and look at it like you said. There is no reason one should feel satisfied if he owns 1 BTC @$5k and not if he owns 0.1 @50k because it means the same. If such was the case, one should have just saved 1 TRX, 1 XRP, 1 DOT, 1 ETH, etc but that's not how it should be calculated and the value of an asset determines how much its worth owing it, not the size we own,.It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.
To those who just can't live with the fractions, think like this as I think when I am gambling, I usually look at my bets in satoshis just to feel more satisfied when betting 0.0001, I feel like I just made a bet of 10k satoshi which then gives satisfaction while if I think like oh I just made a bet of 0.0001 it sounds low, in reality a $5 bet is quite big for me.
So if you own 0.01 or 0.1 BTC and you feel bad that you can't own 1 BTC, just imagine that you have millions of satoshis and one day even a single satoshi might be very valuable.
Looking at it that way you are right. But it was necessary for bitcoin to increase in price due to the demand from large investors. If the situation were different, bitcoin will show the volatility to which we are already accustomed. Now it is different the volatility is lower and more manageable.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.
There are 7 billion people (almost 8 bi) in the world for only 21 million bitcoins. Don't expect it will be cheap for each person to have 1 btc under their control. That is why early adoption was important.
Probably few hundreds of satoshis will be too much in the future, so don't get bothered by market corrections and price fluctuations. There are a lot of people interested in bitcoin trying to accumulate maximum coins as possible as they know demand is increasing and it will only become harder and harder to acquire bitcoins.
Probably few hundreds of satoshis will be too much in the future, so don't get bothered by market corrections and price fluctuations. There are a lot of people interested in bitcoin trying to accumulate maximum coins as possible as they know demand is increasing and it will only become harder and harder to acquire bitcoins.
because the system is decentralized and no one regulates it, the price is in accordance with market demand and also anyone or people who have a large enough amount in bitcoin may be able to control the price even though not completely.
imagine if 1 person / company has more than 1000btc it will certainly affect the price when they want to sell all their btc.
Can really make out some effects but not really that much unless if those big bitcoin holders like companies/whales/institutions would tend to make the same stepimagine if 1 person / company has more than 1000btc it will certainly affect the price when they want to sell all their btc.
which will really be affecting the market but it doesnt matter though because we know that recovery is always next on the line.Also, rather than seeing this
as the end of the world then its better to see this as an opportunity instead and dip price doesnt mean its over or dead but rather this is a chance for
people to buy or accumulate cheaper compared to those high prices.
Honestly people should stop with their obsession about owning a whole bitcoin, bitcoin can be bought in fraction and why people still fussing over it just making me shake my head.
It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.
Yeah that has been the case for few coins nowadays, back in the day it was only bitcoin that was hard to handle, you couldn't buy a whole bitcoin, but nowadays there are a lot of people who fail to get ethereum neither, or even maybe binance, after all it is not simple to get that type of return.It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.
Long story short all I am saying is that people could buy in fractions, when I first started in crypto I have collected those fractions to reach my first bitcoin, you can't have 1 bitcoin without first having 0.5 bitcoin (unless you are rich of course) and by that logic you need 0.25 to reach to 0.5 as well. Think of it as savings, have a goal to have 1000 satoshi per day and that seems more possible, and if you can do that you could reach 1 bitcoin in no time. Plus investing what you have into other things to grow them faster than bitcoin can go up could help too.
This is also what I've realized when I sold a particular altcoin few weeks ago. I bought it at 0.014btc each 2 years ago and at that time its fiat value was equivalent to 140$. I sold it recently at the same amount in fiat value but the equivalent amount of bitcoin I got is not the same anymore. Having 1 bitcoin gets harder to earn as its price increases. The value of most btc/alts pair gets smaller compared to what it was few years ago but its USD value is still the same.
I know it's out of our reach; however, bitcoin isn't about purchasing the 1 BTC and hold it. It's about the twofold your contributing by putting your low sum. Individuals frequently use bitcoins to exchange and make savvy benefits with them. For me, just a tycoon can purchase the 1 BTC and make a benefit by holding it for a decade. There's no restriction for bitcoin speculators. You can contribute as much you're bearing to lose.
Honestly people should stop with their obsession about owning a whole bitcoin, bitcoin can be bought in fraction and why people still fussing over it just making me shake my head.
It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.
It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.
Just wait a little bit. We are in the current bull trend so expect that it would be harder to gain even 1 btc due to current market price. However, I do believe that it will be going to fall down any time soon and we will going to wait sooner. This is my opinion just like what happen to the last bull run. If there is an ATH then we can record all time low too but we need to wait and follow the bitcoin market trend.
You still can have a gain or profit at this current market price if you can take the right timing and right decision. There are a lot of small dumps that are happening and I think that is one of those right time to reinvest or invest. Even with those slight changes, you could make a profit and if there will be another dump, I don't think it will be that low like in the past.
I wouldn’t say it’s out of reach. I don’t see where it’s written everyone must buy one Bitcoin. I have seen a few people who tell me that they can’t afford to buy Bitcoin, and when I ask them why I find out it’s because they have plans to buy 1 BTC, and since the price is now high they any afford to buy it anymore, so they give up hope, which is totally wrong.
The most important thing you have to do is not to buy one Bitcoin, but to buy Bitcoin at the right time. Let’s say that you have only $1000 and you bought Bitcoin when the price was at $4000 before it reached the new ATH of over $40,000, you will have over $10,000 now for free.
There is nothing like pushing it away from the people who need it, rather people are the ones who make it seem difficult by putting the burden upon themselves that they are going to buy 1 BTC. Some people don’t invest because they don’t have money to buy 1 BTC, so they decide it’s best that they wait till they have enough money to buy it, which doesn’t make any sense. Those people you’re talking about, if they invested in Bitcoin at a cheaper price than what it is now, they will also want it to increase to a big amount. Bitcoin is not like NEO that doesn’t have fractions, you can buy in fractions for any amount you have.The most important thing you have to do is not to buy one Bitcoin, but to buy Bitcoin at the right time. Let’s say that you have only $1000 and you bought Bitcoin when the price was at $4000 before it reached the new ATH of over $40,000, you will have over $10,000 now for free.
What do you mean by you cannot by in fraction?
1 bitcoin is not the minimum, you can buy 0.001 btc if you want, slowly accumulate and increase your holding.
1 bitcoin now is equivalent to 37k usd, that's too much but if slowly you'll buy with a fraction of it, you'll not feel the price and we can afford to buy it.
I wouldn’t say it’s out of reach. I don’t see where it’s written everyone must buy one Bitcoin. I have seen a few people who tell me that they can’t afford to buy Bitcoin, and when I ask them why I find out it’s because they have plans to buy 1 BTC, and since the price is now high they any afford to buy it anymore, so they give up hope, which is totally wrong.
The most important thing you have to do is not to buy one Bitcoin, but to buy Bitcoin at the right time. Let’s say that you have only $1000 and you bought Bitcoin when the price was at $4000 before it reached the new ATH of over $40,000, you will have over $10,000 now for free.
There is nothing like pushing it away from the people who need it, rather people are the ones who make it seem difficult by putting the burden upon themselves that they are going to buy 1 BTC. Some people don’t invest because they don’t have money to buy 1 BTC, so they decide it’s best that they wait till they have enough money to buy it, which doesn’t make any sense. Those people you’re talking about, if they invested in Bitcoin at a cheaper price than what it is now, they will also want it to increase to a big amount. Bitcoin is not like NEO that doesn’t have fractions, you can buy in fractions for any amount you have. The most important thing you have to do is not to buy one Bitcoin, but to buy Bitcoin at the right time. Let’s say that you have only $1000 and you bought Bitcoin when the price was at $4000 before it reached the new ATH of over $40,000, you will have over $10,000 now for free.
at $34,000 its suddenly completely out of reach for them.
Maybe if they will buy it as a whole, but if they will slowly but and complete it to a whole bitcoin, it's possible. Also, bitcoin will not always be valued at $34,000, time will possibly come that it will dump again like we witnessed in the past, so maybe wait for that instead before start buying. 
at $34,000 its suddenly completely out of reach for them.
Maybe if they will buy it as a whole, but if they will slowly but and complete it to a whole bitcoin, it's possible. Also, bitcoin will not always be valued at $34,000, time will possibly come that it will dump again like we witnessed in the past, so maybe wait for that instead before start buying.
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