There is nothing like minimum or maximum and even if you hodl one bitcoin but don't know how to utilise it or when to cashout you will end up selling at bearish vice versa if you hodl even 0.1 Bitcoin and cashout at the peak you will be richer than the one sold 1 BTC at bearish.
This question seems not valid and rather it should be like what's the minimum amount of Bitcoin one should be hodling as an asset as per their age just like how we do investment planning for other assets like stocks and shares like at 30 one should try to accomplish certain things and have a saving of xxx amount. Similarly concept should apply to Bitcoin.
Here poor will be termed based on the knowledge and wisdom because it doesn't take much time for financial situations to change. Just like hundreds and thousands of us went from having good amount saving in from of FTX to almost zero.
Topic: What is the minimum amount of bitcoin or satoshi should hold for poor? - page 2. (Read 491 times)
November 18, 2023, 03:42:38 AM
November 18, 2023, 03:28:53 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Your question cannot be really answered, as everything depends on the country where you live, the amount of money that you can earn, the amount of money you can save, the profits you want to achieve, the moment you buy your coins, the strategy that you decide to use and your specific goals, so as you can see your question is too open-ended to the point it is impossible to give any answer to it unless you were to give us more context about what you mean. 
November 17, 2023, 10:55:03 PM
Is there such a thing as a minimum amount of Bitcoin a poor person should have? There might be a recommended minimum time for hodling, but I don't think there's a minimum amount for a poor person. Whatever amount he/she can afford, that'd be it.
But I don't think a poor person, a truly poor person, should be thinking of stacking up Sats. That wouldn't be his/her business. I'm sure the money would be better off spent on something else that'd make his/her life more decent. If I were a truly poor person, I'd probably be using it to buy food and other basic needs, or improve my living condition, or build myself to make me deserving of a higher income.
But I don't think a poor person, a truly poor person, should be thinking of stacking up Sats. That wouldn't be his/her business. I'm sure the money would be better off spent on something else that'd make his/her life more decent. If I were a truly poor person, I'd probably be using it to buy food and other basic needs, or improve my living condition, or build myself to make me deserving of a higher income.
November 17, 2023, 10:28:02 PM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
There is a rule: while making investments in cryptocurrency, spend only that amount that you aren't afraid to lose. And if you are a poor person, then that amount will be lower than that of a rich person. But you can buy as little as $10 in the spot and $1 in the future, but if you are a newbie and want to make an investment, then the future should not be your choice.The amount does not depend on the status of being poor or rich; it depends on the capital you have to invest, and the capital should be the one that your life won't be affected by in a way that you should not be fully dependent on it.
The minimum time for holding purposes should be around 2 years, but in present, I think 1 year will be enough because the bull run is yet to start after the halving event, BTC can make a new ATH after the halving event, and the price of BTC will start to increase, so holding BTC for more than 2 years does not mean you can make a profit in 1 year.
November 17, 2023, 10:09:01 PM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
The term "poor" is almost as broad as what "rich" is. It will all depend on what the capabilities of that person are financial-wise. I mean I can consider myself a poor person because I'm having a hard time budgeting my monthly salary. At the same time, a person who has a lot of money can consider himself poor as well. A person can buy a single Bitcoin, and consider themselves poor still. Like other users here, I can't say a specific amount as well because this question is kind of irrelevant.
November 17, 2023, 09:00:34 PM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
What's the amount you're having, and what's the purpose of holding it? It's totally up to you because we don't know what you're thinking or what situation you're in. So it's better for you to decide for yourself than to ask someone else's opinion. But if you're asking because you want to know about others opinions, then hold it as much as you can because Bitcoin is an asset now, according to this market analysis and on-going trend. But I can't 100 percent agree with that because I don't know how long this will continue. The major point is that the volatility of this market makes it a high-risk investment while still generating a high profit.
November 17, 2023, 06:45:27 PM
At this point no realistic amount of coins would help a poor person to get out of poverty. Bitcoin will never again grow by 100 times or 1000 times like it did in the past. So no one can put $100 into Bitcoin and have their financial problems solved in 10 years.
In general, investing is never a realistic option for getting out of poverties. Opportunities like buying in its early days happen once in a lifetime. Poor people need to focus first on earning more and invest into safer assets with larger sums, rather than hoping that a high-risk investment will succeed.
In general, investing is never a realistic option for getting out of poverties. Opportunities like buying in its early days happen once in a lifetime. Poor people need to focus first on earning more and invest into safer assets with larger sums, rather than hoping that a high-risk investment will succeed.
November 17, 2023, 06:07:18 PM
It depends on the financial ability of the person. Whether he is rich or poor is not at all considered. Bitcoin have given the access to invest/hold based on their ability. The 8 decimal divisible denomination makes it an easy affordable one for each and every one. If the question was, what is the minimum amount a poor person should have to make him better in life, then in present day's value he/she needs atleast one bitcoin and it varies based on varying needs of the people.
November 17, 2023, 04:45:36 PM
It is a curious question, rather than saying that it is out of context, because it is, so , an asking about ir on equivalence is; "What color is it, the orange bitcoin logo?"
In reality, no amount held by any person with limited resources will get them out of poverty and that fallacy of taking "x" percentage of their salary does not work either when the poor generally earn less than three figures per month ($). .
In reality, no amount held by any person with limited resources will get them out of poverty and that fallacy of taking "x" percentage of their salary does not work either when the poor generally earn less than three figures per month ($). .
money is a mental construct that confuses many people
even millionaires can be 3 mortgage payments away from bankruptcy/foreclosure
"rich" is a human mental construct too. peoples lifestyle and spending changes the more they have, where even rich people only have X amount of months spending money in reserves if they carry on at their lifestyle spending level..
anyone can end up poor within months
however no matter the level of income. if your able to live the day/month on it. then to secure surviving 1 month, 6 months, 20 years of that level you have to save something to build that assurance
poverty is not just about inability to drive a lambo.. its actually about can you survive your current lifestyle if a financial chaos happened. like unemployment or sudden bill, or debt collectors came knocking
and yes even the "rich" have their lambo's repossessed
..
once you build your nest eggs of savings to help alleviate the risks of financial turmoil. those nest eggs can themselves overtime help you further to raise your standard of living
November 17, 2023, 04:34:03 PM
It is a curious question, rather than saying that it is out of context, because it is, so , an asking about ir on equivalence is; "What color is it, the orange bitcoin logo?"
In reality, no amount held by any person with limited resources will get them out of poverty and that fallacy of taking "x" percentage of their salary does not work either when the poor generally earn less than three figures per month ($). .
So, only hold the Satoshi you can given your financial condition and that amount is the amount you can hold based on your poverty level.
In reality, no amount held by any person with limited resources will get them out of poverty and that fallacy of taking "x" percentage of their salary does not work either when the poor generally earn less than three figures per month ($). .
So, only hold the Satoshi you can given your financial condition and that amount is the amount you can hold based on your poverty level.
November 17, 2023, 12:27:18 PM
Actually, it's difficult to answer because it depends on a person's condition. Maybe holding 1 Bitcoin is more than enough for someone to change their life for the better. But it depends on where he lives. Someone has to have more than 5 Bitcoins to be able to change their life.
There is no definite number of Bitcoins that a person or a poor person can hold. It all depends on how often they want to buy Bitcoin regularly and store it. What's important is that they know that investing in Bitcoin only uses money they can afford. Moreover, they definitely have daily needs that must be met. So there is no way they will use the money they get to invest in Bitcoin.
Try asking each of us. How much money do we need so that we can feel richer than other people? If someone is satisfied if they have $100k, that means they should be able to collect as much as $100k.
There is no definite number of Bitcoins that a person or a poor person can hold. It all depends on how often they want to buy Bitcoin regularly and store it. What's important is that they know that investing in Bitcoin only uses money they can afford. Moreover, they definitely have daily needs that must be met. So there is no way they will use the money they get to invest in Bitcoin.
Try asking each of us. How much money do we need so that we can feel richer than other people? If someone is satisfied if they have $100k, that means they should be able to collect as much as $100k.
November 17, 2023, 11:49:53 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
A person with what amount of money in his pocket would you consider poor?A poor person is unlikely to be able to have free / extra money to invest in a bitcoin, much less store it. Very soon he will need to extract this money and the double conversion back and forth will make him even poorer (money -> bitcoin -> money) and forth will make him even poorer. I believe that for people with such material wealth, they should focus on building their financial stability (increasing income) and only when there is excess money, invest in a bitcoin.
In fact, there is no minimum or maximum in investing in bitcoin. That's the beauty of bitcoin, you can invest even a couple of bucks.
November 17, 2023, 11:40:28 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
What's your definition of being poor? Making any investment entails that you have more than is required to feed you and that you don't want to leave the excesses dormant without yielding an interest in the long run and that's the reason for even deciding to invest into any platform or scheme of your choice. The amount you use is totally dependent on how much you can keep aside without needing it within a stipulated period of time of the investment. I doubt a poor person would even take a serious thought on making an investment since his financial state isn't all that strong. 
November 17, 2023, 10:47:53 AM
You decide for yourself and it depends on how much risk you want to take, and if you want to buy bitcoin, buy according to your means and if you feel unable or poor you can also buy it in small amounts. Bitcoin has the smallest unit called the satoshi, because with this satoshi you can buy Bitcoin at a cheaper price according to your abilities.
It's up to you and others, but if you're very poor, it's better to prioritize your needs, especially food. Because investment is only intended for those who have money and are able to bear losses or remaining money that is not actually needed, and the majority of very poor people do not have it.
It's up to you and others, but if you're very poor, it's better to prioritize your needs, especially food. Because investment is only intended for those who have money and are able to bear losses or remaining money that is not actually needed, and the majority of very poor people do not have it.
November 17, 2023, 10:46:21 AM
What is the minimum amount of bitcoins a poor person should have?
You should ask yourself what's the maximum amount of coins a poor person could get, not the minimum!
A poor person is somebody who can't afford to invest in the first person, that's the definition, you're poor and you lack the purchasing power to buy basic needs for a minimum standard of living, at this point, you don't have spare money and even if you would have what's 50$ or $100 going to change? Even assuming Bitcoin would be able to make a x100 in the next decade on top of inflation (that's 3 million per coin) that would be a one-time paycheck of $5000-$10000, which would help your situation far less than simply trying to get out of poverty on your own in 10 years.
Yes ! Great may be my question is missing your point . You are right.
November 17, 2023, 10:24:26 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
There is no such thing as a minimum amount, it all depends on the risk, like whether it is worth taking a risk (not like speculation, but in a hedging way) to invest in BTC with $100 for 2 years, how much return we can get, or whether we should think that we are going to be rich with that investment. Questions like these should be answered first because you don't want to get disappointed at the end after seeing little profit after a long time.Therefore, a proper analysis is necessary for one if he or she wants to make some specific profit in a specific period of time. They then have to come up with the required investments to achieve that target; otherwise, it will be a blind investment. So, if a poor person wants to invest $10 in BTC, he or she can, but if he thinks an investment of $10 in BTC can make him rich one day, then it's a dumb idea.
A plan, achievement, and idea of the whole investment are necessary before making any investment.
November 17, 2023, 10:16:10 AM
There shouldn't be any limit, what you should be asking is how much you should allocate each month for your monthly bitcoin purchase because you have to be extra careful with how you spend your money on a monthly basis since you're saying you are poor. If you're like me who earns at below minimum I would say that it's probably around 5% to 10% of youf monthly salary should be allocated to your bitcoin purchase but the higher end which is 10% should be done only when you're smart at how you spend your money and you don't spend it on useless stuff. You have to make sure that you are going to not starve or be late on your bills when you do this kind of allocation to sustain your bitcoin hodling, do the necessary stuff first before anything.
November 17, 2023, 09:52:30 AM
Poor or rich, there is a different answer to that question for every different person. It is because everyone has a different situation. There isn’t one magic answer for all the poor people and how do you define poor anyway? Like starving to death African poor? Or I can’t drive a Lambo but I own a Ford poor? Even if you give every detail about you, we still couldn’t give you the exact answer. It is your responsibility to find it. Maybe there is something you should take care of before even thinking of owning btc? Do you have a job for example? (Or any other reliable income) if not, you should probably fix this problem first.
November 17, 2023, 09:45:18 AM
This question doesn't sound right!
But AFAIK for example when bitcoin started off in its early days, anybody that bought $100 worth of bitcoin was considered liquid after 10plus years regardless of status as value multipled greatly to leave hodlers laughing all the way to the bank!!
Today, the strategy should be buy what you can afford regardless of financial status as this is a long term race...think of bitcoin like planting a tree🌲 that will mature in 10 or more years before the fruit is ready, once you plant the seed there is no going back .
But AFAIK for example when bitcoin started off in its early days, anybody that bought $100 worth of bitcoin was considered liquid after 10plus years regardless of status as value multipled greatly to leave hodlers laughing all the way to the bank!!
Today, the strategy should be buy what you can afford regardless of financial status as this is a long term race...think of bitcoin like planting a tree🌲 that will mature in 10 or more years before the fruit is ready, once you plant the seed there is no going back .
November 17, 2023, 09:43:54 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
There is no minimum amount of Bitcoin a poor man can invest, you can invest money that will not affect your live so that you will not sell your Bitcoin at a loss because of hunger, and you can invest in Bitcoin too based on your greed level. If you are all in on Bitcoin, the minimum time to hodl your Bitcoin to gain a huge profit should be around 4 - 5 year. Jump to: