Why do people seem to value 1 full BTC?

samputin

sr. member

Activity: 1036

Merit: 294

Quote from: ilhamsugihamin on January 10, 2021, 08:38:55 PM

In my opinion it is a goal and motivation, with the intention of collecting 1 BTC there will be a sense of enthusiasm to get BTC from trading or bounty and when you succeed in achieving it there will be an extraordinary feeling.

That's for sure. It definitely gives a feeling of satisfaction when you have finally earned 1 BTC. Earning a portion already makes us feel happy. How much more if it's 1 BTC, right?

And, as you've said, it's also a goal or a challenge. Like this year, I should be able to earn this amount then next year, another amount. And for a given time, you challenge yourself earning bitcoin until you've reach your goal. 1 BTC is already big for me. Especially when the price is at its highest peak.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: kulboi123 on January 09, 2021, 07:21:49 PM

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

How many times you have used mBTC or Satoshi to measure your holdings? Also, most of the people tend to compare Bitcoin with fiat currencies, where sub-units are very rarely used. And this is one of the prime reasons why some of the newer and inexperienced users go for altcoins rather than Bitcoin. They never look at the market cap. After checking the exchange rates, they decide that Bitcoin is too expensive and they go for alts such as ETH and XRP.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Having 1 full bitcoin is far better because it has more value than fractional part of bitcoin, it can also buy more things. In a way it is a flex but more on a humble side like being proud of your hard work to reach to that point, think of it as a bragging rights.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: samputin on January 10, 2021, 09:25:50 AM

Quote from: Janation on January 09, 2021, 09:39:40 PM

~

...
To some it's just a flex. But to others, it's also a dream come true.

That is so true.

Surely now, there are a lot of those people living their dreams because of what happened in the past few weeks. Despite the short time that it happened, I think it is a dream come true to them. Still, I don't see anyone flexing their Bitcoins since most of the people that I know that saved an amount is not talking about it nor bragging it. I will just be surprised if I saw their wallet accidentaly sometimes.

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

Quote from: kulboi123 on January 09, 2021, 07:21:49 PM

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

I think it is just to flex there isn't really an advantage on owning a whole BTC compare to having some Sats or fractions of BTC.
And I am also one of those who are aiming to achieve or have a whole BTC it's just that it has always been my goal ever since I came into crypto.
It is something that I could be proud of when I finally achieve it but I am already proud of what I had or gained in crypto I just want to continue on my greatest goal since I have been here.

DarkDays

legendary

Activity: 2030

Merit: 1189

Having one whole BTC is much more attractive than just holing a fraction of it.

It just makes life a lot easier, though, I do understand that given its current price not many people can afford a whole BTC. Alas, some fraction of it is still better than nothing...

maxreish

sr. member

Activity: 1330

Merit: 326

Quote from: kulboi123 on January 09, 2021, 07:21:49 PM

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

You can already buy youd own house or put up a good business if you own one whole bitcoin in my place. That is why it is valuable to have such 1 full of btc. I hope this makes sense to you. Especially that the price of bitcoin when you conberted it into our fiat currency definitely costs a lot.

Acrually, even if you only own half of btc or some part of it. There is already a great value that can eventually help us in financial status. There's advantage of holding it in terms of emergency cases of financial situation.

ilhamsugihamin

member

Activity: 332

Merit: 11

In my opinion it is a goal and motivation, with the intention of collecting 1 BTC there will be a sense of enthusiasm to get BTC from trading or bounty and when you succeed in achieving it there will be an extraordinary feeling.

tinopener

member

Activity: 224

Merit: 36

Come on guys, let's be honest...

It's to impress the girls Cool

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

Quote from: kulboi123 on January 09, 2021, 07:21:49 PM

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

I think it's only flexible, for example if we hold bitcoin and eventually experience an increase, then our profit will grow in the same percentage value, whether it's full 1 bitcoin or just a few. unless we talk about the difference in profit in equivalent dollars, it must be much different between those who have 1 bitcoin and fractions.

Coin-Keeper

hero member

Activity: 761

Merit: 606

This new suggestion of a 1 BTC club has been so named because of the huge increase in BTC value. Years ago we had a large thread in here on the 21 club. There was some mathematical significance of that because there will never be more than 21,000,000 BTC. That meant we would own 1 millionth of all coins that would ever exist. Before that we had clubs that would drive newer coin people crazy! Hell, 30 years from now we might have a 1 Satoshi club, LOL!

DECABEATZ

newbie

Activity: 25

Merit: 0

I say cause 1BTC BTC in future will be worth at least 300k or more. If you do you will be well off. Plus Fiat will be useless......

tinopener

member

Activity: 224

Merit: 36

The main reason for me it is a nice round number to keep track, especially if you have other assets you keep an eye on too.

However, at the back of my mind I have some sort of fantasy that having more than one bitcoin will somehow one day give you extra benefits, a bit like having shares with voting rights in a company, I guess.

But as I said, that is just a random thought.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: kulboi123 on January 09, 2021, 07:21:49 PM

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

Just a flex but we cant really deny the feeling of boost when we do have that whole 1 BTC into your own wallet or possesion but same as others said that
it wouldnt really be much of an issue since you can really able to posses bitcoin with just on fractions of it.Dont push yourself that hard on owning a full
but well people or human doesnt really get contented on things in life. The more the merrier indeed.

oktana

sr. member

Activity: 1680

Merit: 288

Eloncoin.org - Mars, here we come!

It's because it's not easy to own 1BTC. Not just because the price spiked up, even at $10k, it'll still feel like an achievement to some people. If I had 1BTC, trust me, I'd be proud and brag about it. So it's more like a showing off thing. Anyway, Bitcoin is a currency and whether you have 1 or 2, it'll still be spent one day so...

pixie85

hero member

Activity: 2184

Merit: 531

People like round numbers, that's all there is to owning 1 BTC.

Some time ago when 1 BTC had low value there was a group of people who played around setting up elitist groups like 100btc club and so on. Probably in a year or 2 you'll belong to the elite if you hold 1BTC Wink

I always tell people that $1000 invested in bitcoin is $1000 invested in Bitcoin. It doesn't matter that you'll only get 0.1 or 0.08, or whatever else. Invest what you can and stop worrying about it or one day you'll have 0.99 in BTC worth maybe 99 thousand USD and you'll be worried that you don't have 1 instead of being happy that you own so much in fiat.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: kulboi123 on January 09, 2021, 07:21:49 PM

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

Everyone loves to set clearly defined goals for themselves.

For example, make $ 1,000,000, become an actor in Hollywood, fuck 1000 girls, or have 1 bitcoin ...

The psychology of people makes them simplify the surrounding reality, reducing it to simple schemes. Having 1,86472176 BTC is better than having 1 BTC. However, no one aims to accumulate 1.86472176 BTC. People will look at a person who claims such a desire as an idiot.

Why complicate things? People like it when things are simple.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

For me I think it is a habitual behavior, If I had a fraction of BTC in my holding wallet then, A tendency is automatically created inside me to figure out how to fill that fraction. you can test by your own, If you see a wallet which has 1/2/3 BTC it will brings peace of mind. From another perspective, it is easy to calculate your profit if you have an or two hole bitcoin on your wallet.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: ?? on ??

everyone also knows that if you have the full bitcoin, then you are currently a very lucky person. This is one of the advantages of people who hold bitcoin until now.

with a very high price, having bitcoin with any fraction will certainly be very valuable, so not only do you need a full 1 BTC, you have 0.3 or 0.5 or whatever, you can be sure that this is very meaningful.
many want to have, but only a few are lucky to have a time like this.
Of course, it is extraordinary for those who can have it when the need is great.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

I think that the psychological factor is more than technical, it is not important to have 1BTC or less or a little more and it is not important that there are some fractions or breaks, but there is happiness and a sense of satisfaction when you own a whole piece of Bitcoin, this is a psychological state for a person who does not like fractions, but loves the correct numbers and it is certain that he Nobody minds having 1.01 BTC or 0.9 BTC, for example.

Topic: Why do people seem to value 1 full BTC? (Read 479 times)