Topic: What is the minimum amount of bitcoin or satoshi should hold for poor? - page 3. (Read 487 times)

There's no minimum amount. As long as it's reserved money that can be used for investment, you are free to do so. The term you have to hold Bitcoin is all up to you. If you need it you can withdraw it, but if you don't need it and you are aiming to have a decent amount of profit, hold it until the right time comes. Long-term or short-term, both profitable if you are able to sell when the price increases from the time of purchase.

I guess your words are too harsh in terms we read instead better what the minimum bitcoin a person has, it seems like your question is too much pointing out that the poor can't have at least bitcoin or satoshi, there's no minimum requirement if you want to invest as long as you can even just a small amount, of course, it matters too the number of profit you will have on the amount you invest with and it depends on your desired target profit if 10 or 100x you want to hold until you hit the amount you want. Or if you have time you can make small trades like scalping if you are tired of waiting for too long. Those poor you are talking about can learn with the crypto get educated and sooner or later they can now aware of this world of investment and grab the opportunities and make themselves carried to the status they have.

Their is no specific amount assigned for anyone to buy bitcoin , the most important thing people needs to know while investing in bitcoin is to invest with the amount that one can afford. We all different in our financial standards and we can't invest the same amount of Bitcoin,    un bitcoin investment cut your coat according to your material,  investment shouldn't be a competition to be on the same level with other people,  invest what you can afford with no stress and try to be productive from the little you can afford.  

When you want to invest do not let anyone to tell you what you will invest because nobody is funding you, only you is responsible for your investment. Take every financial plan from your on decision.

Bitcoin is a currency like fiat, so what's the minimum amount of currency you currently have and how much you should hold it?

If someone gave two offers: hold $10,000 or hold $999,999,999,999 I don't think there's a person will choose the first option.

There's no minimum time to hold, after you buy it you can immediately sell it whenever you want.

It depends on what kind of poor we are talking because a person that has money sufficient only for their daily needs shouldn’t be investing on Bitcoin since it’s a volatile asset. It might incurred him some losses in the future which he can’t afford given the status of his life.

I believe there’s no exact amount to measure this because it all depends on the capabilities of the poor to invest what they can afford to lose or without sacrificing their daily needs just to have a piece of Bitcoin. But any amount general is sufficient already since Bitcoin will be valuable in the future due to scarcity and demand when fiat explode already.

What we always say, is to invest what you can afford to lose or the amount of money you can risk on investment. If you have enough money to make an investment, no matter how small it is, it is still a valuable investment that is capable of growing much bigger in the future if you invest correctly just like in Bitcoin. Hold it until you can, we always say here to keep HODL.

Feel free to buy Bitcoin based on what you can afford... there's no minimum value, so even if someone doesn't have much, they can still get some Bitcoin or satoshi with a small amount.

As for how long it takes, well... that depends on the target you set. Considering Bitcoin as savings is better than expecting quick profits. Saving in Bitcoin isn't a bad idea... as long as you have a goal, it's easier to stick to it.

You can aim to own a certain amount of BTC, like 0.1 BTC or an equivalent in FIAT, maybe when your BTC reaches $10k, its depending on your goal. Is this a short time? Nobody knows because the market is volatile, and things can change drastically even in a short period. Prepare yourself for the worst case scenario, which is holding onto it for several years.

much like fiat.. people should have 3 separate limits
A. save enough to have a (1 month) non paycheque-to-paycheque rainy day/emergency expense budget (spend as you please once profitable)
B. save enough to have 6-12month unemployment period survival fund(save for times when there is no income coming in for many months)
C. invest enough for a peaceful 20 year retirement lifestyle(sont touch for decades)

usually people can only afford to put aside X%.. EG: 8% of income takes them 12months just to accumulate 1 month of (A) when poor
(B) can take half a dozen years to accumilate to ensure they can survive if made unemployed
(C) can take(depending on age) 50 years of hoarding to then look after them(after cumulative interest) for 20 years

also peoples level of "poor" is different per nation.. a US/UK is poor at $£7/hour income.. someone in 3rd world countries deem it $£0.15/hour
so the amounts are subjective

..
dont think that you must save like crazy into one pot/address and then only spend when your grandkids are born.
just save what you can afford and split it into 3 addresses which you only spend on 3 different conditions

when you first save. put post into address(A) to look after you sooner for short term emergency
then address B then address C

EG
initially A 70% B 20% C 10%   (if income affordability to invest is 8% of monthly income:    A: 5.6%m.i  B:1.6%m.i  C.0.8%m.i)  
once you accumulated enough in A to look after you for a month.. it becomes
B 70% C 30% (if income affordability to invest is 8% of monthly income:    B: 5.6%m.i   C.2.4%m.i)
once you accumulated enough in B to look after you for 12 month.. it becomes
C 100% (8%m.i)

no one can say what amount. because each nation has different living costs so most people have different ranges of fiat-amount vs sats

My advice is that everybody should bite what they can chew. A poor person should take risk they can handle. Risk that will not make them more pore of give them hypertension. I hope this help
  

A poor person is also a relative term. Someone owns a certain amount, which is enough to support his family and all his needs, but will still consider himself a poor person. And the other one rejoices at pennies and enjoys, not considering his life poor. However, every time you think about investing, you must understand the system in which you want to invest your money. Poor people are usually less educated, and it is very easy for them to be sucked into a scam where they can lose all their hard-earned money. Therefore, study everything firmly, and then invest as much money as you can confidently live without for some time.

Is there any minimum amount in investing in bitcoin? because I'm not aware that there's any, even if you're poor or rich, it's up to you how much you want or capable to invest here. I think the right question here is how much a minimum wage earner can invest without affecting funds for essentials since some people wants to invest but doesn't know how they can save money for investment because the entire salary goes towards essentials and bills. Remind yourself that always invest what you can afford to lose.

A dollar or two, that's all I can say since your question is bothering, it makes no sense because we can't know what you are made of, every poor people have their levels, no matter who you are, there are millions of people trying to catch up to you, how much you are earning is known only by you, so you decide how much you are willing to risk on Bitcoin, it's totally your call.

The first time I bought Bitcoin it was roughly $20, and I made that money from faucets, and later I started investing $50 in a month, through airdrops and faucets, I had no job and yes I was really poor, still I don't let that limit my potential, I looked like I was wasting my time but I actually wasn't, I got so many bad comments, some said I won't end up making a thing and they are dead wrong all along.

OP you have the answer to your question, it's beyond anyone's on this forum, so start investing in Bitcoin even if all you can save up is a dollar, keep gathering the dollar to certain amount every day and buy Bitcoin at the month end, you will thank yourself later for taking this action in just a year or two.

If you are on this forum, thinking of investing in Bitcoin, you are not poor. A poor is someone who is not capable enough to meet daily deadlines like food, shelter, etc. You are either a Student or someone who is working on an average wage and that doesn't make you poor in any sense.

Now coming to the topic of the minimum amount of Bitcoin, you should focus on investing 10-20% of your savings to Bitcoin.

There is no minimum nor maximum amount of bitcoin to hold OP. The real question is how much a poor can save regularly in order to invest part of it into bitcoin. Remember, only invest amounts that one can afford to lose. Bitcoin is not a sure thing especially when someone is looking for short-term gains, ask those who invested at $60k above. We can hold bitcoin long enough to pass it to our children and the next generations. The most important at least is to only consider selling them when in profit. due to bitcoin's scarce supply, the longer we hold, the higher the rewards.

I hope OP is not planning to borrow money or sell something important in order to invest. Research and study bitcoin first in order to fully understand it. Once you have enough knowledge and you can answer your own questions, that is the perfect time to invest.

Invest based on your strength, don't follow others steps but do what work best for you. Typically a poor person has no money to be able to look after himself so he won't have much to invest in Bitcoin to begin with so he doesn't have to pressure himself by investing like others as he'll always be in need of the money. He can set aside 10% of what ever salary he's receiving and keep investing in Bitcoin. If he doesn't have a job then he need one first because the best way to invest in Bitcoin is by using it as a capital gain and not cash flow. There's no minimum amount that he should own but don't put pressure on yourself to own more than you'll be comfortable Hodling during market correction or you'll be force to sell since you can't stand the losses you'll be seeing due to the decline in price of Bitcoin.


Many peoples still seek for approval from others that they feel are superior to them in knowledge or whatever they're trying to advantage into and I believe that's what the OP is doing. He wants those that have already succeeded in the field of investing in Bitcoin to guide him but OP fails to understand that what works for Mr A may not work for Me B. OP feels there's a specific amount an investor should invest to make profit from Bitcoin. OP isn't alone on this thought as I have people coming to me off the forum for similar advise but just as I have told them and you have said, the OP need to understand there's no minimum investment to make gains. We have to invest as much as we can invest and hodl until we have reach the profits that is okay for us.

There is no minimum amount for anyone to hold on to Bitcoin, even the poor. It all depends on how much you are capable of investing. However, there are minimum amounts that are usually set by most exchanges when buying using your fiat currency to exchange to USDT or directly converted to Bitcoin depending on the exchange.

Holding Bitcoin depends on you. You can take a profit once the price goes up or hold it until the next bull run. No one can identify when it will happen, but the longer you can hold and wait for that to happen, the better.

The amount of bitcoin someone should hold isn't just about how much money they got.  It's a personal choice based on what you want and  there's no magic number of Bitcoins that's right for everyone.  It depends on your own situation and your goals. 

Instead of worrying about how many bitcoins to have, maybe think about other ways to improve your financial situation overall.  What good is stacking satoshis if you're so broke you can't pay the bills or eat?

Bitcoin isn't some cure-all that works for everybody.

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.

Your question is amusing, but it still makes no sense. There is no minimum amount of satoshi or bitcoin that a person should hold; you can keep as much as you want, regardless of your financial status.  Just keep in mind that how much you can hold for the long term will determine your calculated return on investment when you sell them later.

this is an invalid question

investing in bitcoin, no matter the amount, is hugely encouraged hence why this question is invalid there’s no minimum amount of btc for anyone to have

“invest what you can afford to lose” we don’t have the same financial situations but i’m sure we all want better futures for ourselves if you have great interest in btc and would want to be part of it, don’t think that you have to buy 1 btc or else just don’t buy at all it doesn’t work like that