Topic: The days of buying 1 Bitcoin easily by anyone [ poor] is over. (Read 643 times)

People are still buying 1 BTC easily in this current days, because they have the money to buy as much they want, and there is no fear of the inflation that is affecting many countries, and such people have made their wealth some years ago when the price of BTC was very low. In this economy situation, is not easy for poor people to buy  little BTC, because they are after what to eat daily to survive in this hardship, and even though they struggle to buy BTC and hodl for future purpose, hunger will still push them to sell in a short period of time.

I can still remember some years ago, when the price of BTC was very low and people where buying 1 BTC like a competition to hodl for a long years without experience any temptation to sell the 1 BTC in the bearish season because they know there is a massive profits ahead of them in the nearest future.

I wanted to throw this topic as a question but I feel confident to say that the days where anyone (poor) can easily acquire one Bitcoin is over. The reason why I feel such confidence is because, at the beginning, things was easy, and people where living good life because things was very cheap then, jobs where available, 1 month salary can serve a house hold budget and yet there will br enough money to save for that month but looking at how things have changed right now, salaries of so many people can not even complete their house hold budget for a months, it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.

Let's all be truthful to ourselves, since 2020 till today, how many times have you heard that a middle class or a poor person bought 1 or more Bitcoin? Does it means that they don't love to own 1 Bitcoin? Many poor people love to own even more than 1 Bitcoin, but yet, no matter how hard they try ( from year to year) they are not able to get 1 Bitcoin, the only people that are very opportuned to buy 1 or more Bitcoin are just the rich people. Since 2020 till today, how many person do you know to have been able to buy one or more Bitcoin?.

That's the reason why I feel confident to say that, the days which anyone can get one Bitcoin is over.  A lot of people, their yearly income is not even up to $20k, some people are not even up to $8k a year.

Does this thing bother anyone of you here or no body gives a fuck?

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

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Starting small and growing little by little is what everyone should be doing and not to be thinking about how they can get one bitcoin at a time which is what makes most of them consider bitcoin to be very expensive when what ever you buy and hold their will be something to show off it, be it units of Bitcoin or a whole bitcoin the difference is the over all value.

No matter how much, - 1 BTC or 10, or 0,001, it would still be the same BTC, and its value would remain on the same level, the price of it - surely, it would be different.
Anyone can start small and grow up little by little.

There are still plenty of ways to earn 1 btc, but you are required to think outside the box. Normal people aren't going to go out and earn anywhere near 1 btc. Only a determined person will be able to reach that threshold now.

Besides, why stop at 1 btc? It would be great for you to have 10 btc for example.

I later scrapped out the 'rich' that I mention inappropriately in some part, it was a mistake, sorry to have confused you, but my reference was mainly for the poor people who can no longer afford to buy 1 piece of Bitcoin with just a few bucks, that was why I initially said 'it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.' Maybe you missed there.

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

What are we even talking about here? Investing is not for the poor, it's never been!

Poor people live from day to day, earn minimum wage or less than that and require welfare. The window for these people to invest in bitcoin has closed 10 years ago.

How would a poor family afford one bitcoin at $5k? If they couldn't, there was no chance for them to invest at 10 or 20k.
That said, most people can afford a few sats. It's better to own very little bitcoin than nothing.

Well I did read through your post before I made my first reply. Basically the context of my reply was actually anchored by the general kind of statement you made about both the rich and the poor being able to buy bitcoins. Basically you were more or the opinion that it is as difficult for the rich to buy bitcoins as it is for the poor too.

This is actually wrong and that was what my explanation was all about. It's more difficult for the poor to invest a ton hence the use of the DCA method but that doesn't apply too for the rich. The more you have the more you should be able to buy.

it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.

2 years to make $100,000? for sure you live in a good country or have a very good job, because many people can takes 30 years to earn $100,000.

Getting 1 BTC is really hard for most people, I think they're already happy if they can own 0.1 BTC, that's already a good achievement.

However, since we know Bitcoin earlier than most people, we should be grateful as we can accumulate Bitcoin earlier than Average Joe.

Not a lot of people make that much in a single year. On average, it would take at least 2years and you’ve got bills to pay in all that, not to mention taxes.

You see one thing, it's that chase after one Bitcoin that drives the market, and as long as it's healthy for the marke, I don't see anything wrong with it. If you can afford one Bitcoin as whole, go for it because if I'm opportune for the same, I will buy more than one Bitcoin, the institutional investors are taking everything and a time will come when you will hardly see one person that hold one Bitcoin, imagine a Bitcoin worth a million dollars will be very scarce.

However, there is no reason why you should make yourself uncomfortable because you don't have the means to buy one Bitcoin, our finance pocket is different, and even our hands are not equal. If it's half a Bitcoin that you can buy, go for it and if it's quarter you can buy, go for it. There is no need to buy a whole Bitcoin when you don't have the means. Beside, you can do DCA in the future as you have more funds in your way, there is no law that says you should never buy more Bitcoin.

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

Everything would have been worth it if we had bought it from the beginning, now we are just coming to plan it and of course achieving profits takes time and we have to wait for the market to rise although it is never too late if we want to. I think it is natural, everyone will always try to increase their asset holdings and other diversifications.

I wanted to throw this topic as a question but I feel confident to say that the days where anyone (poor) can easily acquire one Bitcoin is over. The reason why I feel such confidence is because, at the beginning, things was easy, and people where living good life because things was very cheap then, jobs where available, 1 month salary can serve a house hold budget and yet there will br enough money to save for that month but looking at how things have changed right now, salaries of so many people can not even complete their house hold budget for a months, it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.

Let's all be truthful to ourselves, since 2020 till today, how many times have you heard that a middle class or a poor person bought 1 or more Bitcoin? Does it means that they don't love to own 1 Bitcoin? Many poor people love to own even more than 1 Bitcoin, but yet, no matter how hard they try ( from year to year) they are not able to get 1 Bitcoin, the only people that are very opportuned to buy 1 or more Bitcoin are just the rich people. Since 2020 till today, how many person do you know to have been able to buy one or more Bitcoin?.

That's the reason why I feel confident to say that, the days which anyone can get one Bitcoin is over.  A lot of people, their yearly income is not even up to $20k, some people are not even up to $8k a year.

Does this thing bother anyone of you here or no body gives a fuck?

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

But the thing is that most people still live in a fiat world.

That is, they get paid income in fiat, then pay their bills in fiat, etc.

If you convert part of that fiat into Bitcoin, that part will grow faster than keeping fiat in savings.

It doesn't really matter if you have 1 or 0.1 or 10 BTC, what matters is that you are getting better returns for whatever fiat you changed for BTC.

I read your post carefully and I can categorically tell you that there's no point pushing this narrative, life's a rollercoaster, the so called poor man today with no bitcoin could be a multi bitcoin holder in the nearest future.
A bitcoin enthusiast might be struggling financially today but that doesn't kill the bitcoin desire in them, owning bitcoin is a financial journey, could be slow and steady because every satoshi matters.

I wanted to throw this topic as a question but I feel confident to say that the days where anyone (poor) can easily acquire one Bitcoin is over.
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Does this thing bother anyone of you here or no body gives a fuck?

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.