"free" money is free money dude.
I suppose. I guess im just a bitcoin snob now with my 175% profit LOL .... 
Topic: What happens when BTC is too expensive to buy? - page 3. (Read 3861 times)
People will now buy in 0.01 increments. 
Why would someone even bother buying 0.2 BTC ?
If a whole Bitcoin only goes up $100 .... why would someone care about making $20 ?
Im new to finance so im asking out of genuine cluelessness.
Thanks for any educating you can do
If a whole Bitcoin only goes up $100 .... why would someone care about making $20 ?
Im new to finance so im asking out of genuine cluelessness.
Thanks for any educating you can do
"free" money is free money dude.
Why would someone even bother buying 0.2 BTC ?
If a whole Bitcoin only goes up $100 .... why would someone care about making $20 ?
Im new to finance so im asking out of genuine cluelessness.
Thanks for any educating you can do
If a whole Bitcoin only goes up $100 .... why would someone care about making $20 ?
Im new to finance so im asking out of genuine cluelessness.
Thanks for any educating you can do
This topic has been visited a fair number of times.
Stock splits change the perceived public value of a stock.
There's a lot of supporters waiting to pressure exchanges to switch to a mBTC format, for this very reason.
With this current rally, that day will be fast approaching.
A price of $0.262/mBTC doesn't look so daunting now, does it?
Stock splits change the perceived public value of a stock.
There's a lot of supporters waiting to pressure exchanges to switch to a mBTC format, for this very reason.
With this current rally, that day will be fast approaching.
A price of $0.262/mBTC doesn't look so daunting now, does it?
The number of coins is immaterial.
It is like saying who is going to buy gold at $20 million per ton (a very good price BTW). I can barely afford 0.00001 tons.
As for 1/10th of a coin being a lower return than 1 coin come on man is basic math not taught in school anymore.
If you spend $200 for 1 BTC and the exchange rate doubles you now have $400 worth of BTC.
If in some hypothetical future you spend $200 for 1/10th of a BTC and the exchange rate doubles you now have .... TADA ... $400 worth of BTC.
Still if you are worried and your only interest in hype and massive returns there is this revolutionary "altcoin" which has tracked the exact same return as Bitcoin. You can buy 1 mBTC for the low price of ~$0.25 ea. UNDER A DOLLAR!!!!! MUCH BETTER THAN BITCOIN. Amazing. Think of how much you can make if 1 mBTC goes to $200. INSANE PROFITS FOR EVERYONE!!!!!!!!! Plus while you wait to make your billions you can spend/trade/exchange your mBTC EVERYWHERE THAT TAKES BITCOIN. Forget BTC buy mBTC today.
It is like saying who is going to buy gold at $20 million per ton (a very good price BTW). I can barely afford 0.00001 tons.
As for 1/10th of a coin being a lower return than 1 coin come on man is basic math not taught in school anymore.
If you spend $200 for 1 BTC and the exchange rate doubles you now have $400 worth of BTC.
If in some hypothetical future you spend $200 for 1/10th of a BTC and the exchange rate doubles you now have .... TADA ... $400 worth of BTC.
Still if you are worried and your only interest in hype and massive returns there is this revolutionary "altcoin" which has tracked the exact same return as Bitcoin. You can buy 1 mBTC for the low price of ~$0.25 ea. UNDER A DOLLAR!!!!! MUCH BETTER THAN BITCOIN. Amazing. Think of how much you can make if 1 mBTC goes to $200. INSANE PROFITS FOR EVERYONE!!!!!!!!! Plus while you wait to make your billions you can spend/trade/exchange your mBTC EVERYWHERE THAT TAKES BITCOIN. Forget BTC buy mBTC today.
1 Bitcoin is another way of saying 100,000,000.
Who says you can only buy a full coin?
At $40 a lot of people could buy in.
At $100 .... not too many people could still buy in with any relevant *volume* (and this is the key, before you write your response) ...
At $200 .... for any of you who have been to Asia and seen the Rolls Royce's lining the streets ... you know that China is the reason BTC continued to rise past $200.
To China $200 is chump change.
But how is anyone going to consider BTC a worthwhile investment at $500 per coin, except the already very wealthy?
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Its no different than the guy who makes $250,000 a year who still doesn't bother buying Google stock.
He's got money, but in order to make money, you have to buy a lot of something. Otherwise you buy 2 shares of Google and make a whopping $10 in four months.
He can't buy *enough* to make it worth his while.
So he doesn't buy.
Without buyers and sellers constantly buying and selling, what is going to keep pushing the price up?
---------------
At some point very soon, nobody is going to be able to afford a Bitcoin. What happens then?
Buying in sub 1.0 quantities will seem very pointless to many "lay" people. Buying 1/10th of a coin .... negligible return on investment really ...
Maybe BTC will have to transition ...... from a "stock market"-like "buying and selling" scene ...... to more of an "industry" for exchange of goods and services.
So if that happens ... what is going to push the value up, past $1,000?
At $100 .... not too many people could still buy in with any relevant *volume* (and this is the key, before you write your response) ...
At $200 .... for any of you who have been to Asia and seen the Rolls Royce's lining the streets ... you know that China is the reason BTC continued to rise past $200.
To China $200 is chump change.
But how is anyone going to consider BTC a worthwhile investment at $500 per coin, except the already very wealthy?
--------------
Its no different than the guy who makes $250,000 a year who still doesn't bother buying Google stock.
He's got money, but in order to make money, you have to buy a lot of something. Otherwise you buy 2 shares of Google and make a whopping $10 in four months.
He can't buy *enough* to make it worth his while.
So he doesn't buy.
Without buyers and sellers constantly buying and selling, what is going to keep pushing the price up?
---------------
At some point very soon, nobody is going to be able to afford a Bitcoin. What happens then?
Buying in sub 1.0 quantities will seem very pointless to many "lay" people. Buying 1/10th of a coin .... negligible return on investment really ...
Maybe BTC will have to transition ...... from a "stock market"-like "buying and selling" scene ...... to more of an "industry" for exchange of goods and services.
So if that happens ... what is going to push the value up, past $1,000?
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