No such plan, just waiting for bitcoin for less than $ 1800.
This is the problem now if others wanted to buy bitcoin at lower price. And cannot afford for 1btc, all of us are aiming to get profit of btc. Actually, bitcoin price is volatile all of us must be ready and willing to take the risks. Just enjoy the ride and invest on what you can afford. 
Topic: The "I cannot afford 1 BTC"-Problem - page 4. (Read 3588 times)
Will earning $2500 a problem for anyone ? Will you buy your wedding ring for one full ounce of gold or some fractions of ounce ? Bitcoin is a currency like PayPal or some other foreign currency, you may go buying it (for what ever prices ) and will spend it (for same value) to find the benefits of using BTC payments which may not available with other payment systems. Now tell me why we need to worry about price levels of bitcoins ?
We should all wear T-shirts saying things like, " Just 1 Satoshi at a time to my first Bitcoin " or "Bitcoin has small babies and they
are called Satoshi's " ..... or something similar to educate people. I have the same problem and once I explained this to people,
they dive right in. Once they bought their first few Satoshi's... they figure it out and they start buying more.
are called Satoshi's " ..... or something similar to educate people. I have the same problem and once I explained this to people,
they dive right in. Once they bought their first few Satoshi's... they figure it out and they start buying more.
Im totally down with that. Anyone know where to buy cool bitcoin /altcoin merchandise? I haven't really found good quality stuff, only the cheap s**t on ebay.
No such plan, just waiting for bitcoin for less than $ 1800.
The best thing about bitcoin is it can be divided into many fractions the least being 1 satoshi. It can easily be taught to people that thete are fractions of bitcoin available for them to buy in case the can't afford to buy the whole bitcoin. Just like cents are to dollars satoshis are to bitcoin.
Right now I can get away with ~10k satoshi fee for each transaction I make but when a satoshi becomes 1$ (that'll make 1BTC=100Million$ btw), my minimum fee will become 10k$.
It is all good for early adopters (even the 3k$ buyers will be early adopters) but if the fees don't get adjusted to those high prices, bitcoin will never be able to reach everyone in the world. Now, you may come with a counter argument and say that bitcoin's (or blockchain's) transaction capacity will never be able to handle a worldwide demand because, physics.
And If the information I recently read wasn't wrong, if we stay with blockchain, that limits will never change and bitcoin will never be >1million$.
People name bitcoin as v1.0
Some name eth as v2.0
If the dude in alt forum says the truth, v3.0's will come out in 5-10 months. (he is working on some other alt named radix)
Unless bitcoin upgrades itself something similar to that v3.0 protocols which can handle visa level huge amount of transactions without being centralized and dumps the block chain; bitcoin is about to hit its limits. We either need to make super cheap transactions (segwit/lightning will do this) and miners won't like it or increase the capacity by huge amounts so miners can make the same amount of money while processing more transactions.
The cap increase shouldn't be by increasing the blocksize btw, because it will reduce the node count&safety and increase the centralization.
And super cheap transactions won't last forever.
We need to increase the cap without hurting anybody.
It is all good for early adopters (even the 3k$ buyers will be early adopters) but if the fees don't get adjusted to those high prices, bitcoin will never be able to reach everyone in the world. Now, you may come with a counter argument and say that bitcoin's (or blockchain's) transaction capacity will never be able to handle a worldwide demand because, physics.
And If the information I recently read wasn't wrong, if we stay with blockchain, that limits will never change and bitcoin will never be >1million$.
People name bitcoin as v1.0
Some name eth as v2.0
If the dude in alt forum says the truth, v3.0's will come out in 5-10 months. (he is working on some other alt named radix)
Unless bitcoin upgrades itself something similar to that v3.0 protocols which can handle visa level huge amount of transactions without being centralized and dumps the block chain; bitcoin is about to hit its limits. We either need to make super cheap transactions (segwit/lightning will do this) and miners won't like it or increase the capacity by huge amounts so miners can make the same amount of money while processing more transactions.
The cap increase shouldn't be by increasing the blocksize btw, because it will reduce the node count&safety and increase the centralization.
And super cheap transactions won't last forever.
We need to increase the cap without hurting anybody.
So you are blaming bitcoin for this there is already mbtc and for your mind set it won't make a difference amd it's not at all complusory to actually buy exactly 1 btc i had purchased in starting 0.7 btc but i start trading and quickly turned those 0.7 btc to more than 1 btc , it will take time but I'm telling you trading is a hell lot of fun ones you start understanding.
Is this really a big problem ? 
The one who can see potential of bitcoin will go straight and buy bitcoins with whatever they have ready to invest. I have also suggested and even helped many of my relatives and friends to buy bitcoin and never got any such questions/ dilemma from them.
The one who can see potential of bitcoin will go straight and buy bitcoins with whatever they have ready to invest. I have also suggested and even helped many of my relatives and friends to buy bitcoin and never got any such questions/ dilemma from them. 
Tell your friends to not look at it as an investment in terms of number of coins purchased. They need to look at it from a US Dollar standpoint.
If they can invest $1000, then they are hoping that their investment will become worth $2000 (or anywhere above their initial $1,000).
When I first got into bitcoin, I was really concerned with the number of coins that I could purchase, but if you are looking at it strategically to make money, you just have to look at it from a dollar standpoint (or whatever local currency you would be converting to).
If your $1,000 becomes $2,000...it doesn't matter if that is 1 bitcoin or .000001 bitcoin, you have still doubled your investment.
If they can invest $1000, then they are hoping that their investment will become worth $2000 (or anywhere above their initial $1,000).
When I first got into bitcoin, I was really concerned with the number of coins that I could purchase, but if you are looking at it strategically to make money, you just have to look at it from a dollar standpoint (or whatever local currency you would be converting to).
If your $1,000 becomes $2,000...it doesn't matter if that is 1 bitcoin or .000001 bitcoin, you have still doubled your investment.
When talking to a friend or relative or whoever that is new to bitcoin, they often say something along the lines of "Bitcoin is too expensive," or "I can't afford to buy bitcoin," or anything indicating that it is cost prohibitive - ie whatever the current price of bitcoin is what is keeping them from buying in.
What I tell them - or rather, what I ask them, assuming that they are actually interested in buying bitcoin, but feel they can't because the price of 1 bitcoin is too high, is I ask them: "Without looking at the current price of bitcoin, how much money would you be able to afford/would be willing to invest/buy in bitcoin?" Then they will say whatever fiat dollar amount. And then I will say, "That's good, you CAN invest/buy that exact fiat amount worth or any fiat amount worth you want in bitcoin." I then go on to explain to them that it is not a requirement to buy bitcoin only in 1 btc increments and that you can buy lesser, decimal amounts.
I also tell them even if you can't afford 1 full btc all at one time, you can eventually reach that 1 btc amount incrementally by buying whatever you can afford bit by bit over time. The important thing is to just get in with any amount so you have some skin in the game, a ticket to ride on the Bitcoin Train and hopefully upgrade to a seat on the great Bitcoin Rocket to da moon and beyond.
What I tell them - or rather, what I ask them, assuming that they are actually interested in buying bitcoin, but feel they can't because the price of 1 bitcoin is too high, is I ask them: "Without looking at the current price of bitcoin, how much money would you be able to afford/would be willing to invest/buy in bitcoin?" Then they will say whatever fiat dollar amount. And then I will say, "That's good, you CAN invest/buy that exact fiat amount worth or any fiat amount worth you want in bitcoin." I then go on to explain to them that it is not a requirement to buy bitcoin only in 1 btc increments and that you can buy lesser, decimal amounts.
I also tell them even if you can't afford 1 full btc all at one time, you can eventually reach that 1 btc amount incrementally by buying whatever you can afford bit by bit over time. The important thing is to just get in with any amount so you have some skin in the game, a ticket to ride on the Bitcoin Train and hopefully upgrade to a seat on the great Bitcoin Rocket to da moon and beyond.
Buying bitcoin is not a emotional investment it is just like hard cash and whatever you have in bitcoin have some value so you don't need 1 full bitcoin to get its value.
This is just some nonsense and not really a problem. There are few bitcoin wallets that allow its users to watch their balance in mBtc so you can suggest those wallets to those friends.
This is just some nonsense and not really a problem. There are few bitcoin wallets that allow its users to watch their balance in mBtc so you can suggest those wallets to those friends.
I don't see how this is a problem, most people also cannot afford 1 kilogram of gold...
Gold have a high price too but that is not stopping people who want gold buying them. I think the problem lies more on the fact that bitcoin is a new concept to them and they are afraid to invest a large amount of money. It is easy to explain that you do not have to buy in bulk or 1 btc and you can buy in retail. But if they insist that they cannot afford 1BTC, then it is an alibi to avoid buying bitcoin at all.
As others are saying, there is already a established units for what op wanted.
As others are saying, there is already a established units for what op wanted.
Hi everyone,
I have a question concerning the current high value of a BTC. I talk a lot with friends who don't know much about BTC and try to convince them to buy some too.
When I tell them about it, the same question which always comes up is:
"But since it is so expensive (2000-3000$), how can I afford 1 BTC?"
I always tell them that it is possible to buy 0.5 BTC or even 0.001 BTC. But I think this is a major problem which gets worse with the price rising even higher.
So here is my question:
Are there any plans on changing BTC to make it "look more affordable"? Perhaps introduce something like mBTC (worth 0.001 BTC / 1 BTC = 1000 mBTC) so that people have a better feeling buying something, which is not a number behind a zero (e.g. 0.025).
I don't want it to become something like a "discount looking currency". But it's a psychological problem, that people don't like to buy only a part of something or (as in this case) often don't know that they can buy less than 1 BTC.
To say "Well, the people who don't know better shouldn't buy anyway" seems to be the wrong approach on the way to mass adaption.
I have a question concerning the current high value of a BTC. I talk a lot with friends who don't know much about BTC and try to convince them to buy some too.
When I tell them about it, the same question which always comes up is:
"But since it is so expensive (2000-3000$), how can I afford 1 BTC?"
I always tell them that it is possible to buy 0.5 BTC or even 0.001 BTC. But I think this is a major problem which gets worse with the price rising even higher.
So here is my question:
Are there any plans on changing BTC to make it "look more affordable"? Perhaps introduce something like mBTC (worth 0.001 BTC / 1 BTC = 1000 mBTC) so that people have a better feeling buying something, which is not a number behind a zero (e.g. 0.025).
I don't want it to become something like a "discount looking currency". But it's a psychological problem, that people don't like to buy only a part of something or (as in this case) often don't know that they can buy less than 1 BTC.
To say "Well, the people who don't know better shouldn't buy anyway" seems to be the wrong approach on the way to mass adaption.
Why do you need 1BTC? I think it does not matter, you can own any number of bitcoins, it does not need to be an integer. You should not take that seriously, "What would you do with that money?" That is the important issue.
Oh good idea bro but that is not possible because everybody wants for bitcoin price go up and bitcoin is cryptocurrency what is a good reason why that is not possible.They will not make btc for some small amount of peole more similar to fiat currency that is not good.
There are already small coins that are available and those are called mBTC, Satoshi, and BITS. You can earn them by doing trades, captchas, and other stuffs to earn them but if you want to convince them to buy coins you can tell that if you just buy worth of $20 of coins its value or price of BTC will soon increase and also they can just earn by doing campaigns, watching videos, and or doing surveys there are a lots of ways to earn bitcoin if they don't want to invest or buy. Also, let them see a chart of the increasing rate of bitcoin over time and if they still have many excuses and other stuffs to neglect, there is nothing we can do about it. You can't force people who are not interested on something and let them convince something that they don't like. You did your best to explain in your part and if they are truly interested they will come back to you and asks for help but if they don't just leave them alone and just keep earning. Someday just prove to them that you are earning something through bitcoin. 
Actually there is no specific rules or thing that says that you need to afford one bitcoin because what really matter is how you are going to earn. If you will invest time and effort you could actually earn more aone bitcoin. You will just need to continue on educating yourself on different aspect in regards on earning then have a suitable way to have an option of earning like investment and trading where you are the one who will manage it. 
It seems you have not convinced them enough because if you have, then you get to show them various threads or even websites where they can buy in bits. And aside that, you can equally introduce them to faucets as that is something that show them the bits in which bitcoin is divided into. With all this put together I am sure any serious individual can leverage on that as a stepping stone to an higher level for being able to afford 1btc in the long-run.
Hi everyone,
I have a question concerning the current high value of a BTC. I talk a lot with friends who don't know much about BTC and try to convince them to buy some too.
When I tell them about it, the same question which always comes up is:
"But since it is so expensive (2000-3000$), how can I afford 1 BTC?"
I always tell them that it is possible to buy 0.5 BTC or even 0.001 BTC. But I think this is a major problem which gets worse with the price rising even higher.
So here is my question:
Are there any plans on changing BTC to make it "look more affordable"? Perhaps introduce something like mBTC (worth 0.001 BTC / 1 BTC = 1000 mBTC) so that people have a better feeling buying something, which is not a number behind a zero (e.g. 0.025).
I don't want it to become something like a "discount looking currency". But it's a psychological problem, that people don't like to buy only a part of something or (as in this case) often don't know that they can buy less than 1 BTC.
To say "Well, the people who don't know better shouldn't buy anyway" seems to be the wrong approach on the way to mass adaption.
I have a question concerning the current high value of a BTC. I talk a lot with friends who don't know much about BTC and try to convince them to buy some too.
When I tell them about it, the same question which always comes up is:
"But since it is so expensive (2000-3000$), how can I afford 1 BTC?"
I always tell them that it is possible to buy 0.5 BTC or even 0.001 BTC. But I think this is a major problem which gets worse with the price rising even higher.
So here is my question:
Are there any plans on changing BTC to make it "look more affordable"? Perhaps introduce something like mBTC (worth 0.001 BTC / 1 BTC = 1000 mBTC) so that people have a better feeling buying something, which is not a number behind a zero (e.g. 0.025).
I don't want it to become something like a "discount looking currency". But it's a psychological problem, that people don't like to buy only a part of something or (as in this case) often don't know that they can buy less than 1 BTC.
To say "Well, the people who don't know better shouldn't buy anyway" seems to be the wrong approach on the way to mass adaption.
Proposing units does not change Bitcoin at all. Units has always been there.
This:
mBTC, uBTC, BITS, Satoshi, and a whole lot of other stuff already exist. you can read more about it here: https://en.bitcoin.it/wiki/Units
and most wallets already have the option to switch between these popular units that i named so you can see what you are most comfortable with.
and most wallets already have the option to switch between these popular units that i named so you can see what you are most comfortable with.
There are so many coins today, you should look for one.
Why buy bitcoin when there are tons of other coins out there. These are are going to be have a good value too in the next years to come. I did buy btc once but after seeing there are lots of Alts, I stick my nose to them more.
Jump to: