Why do people seem to value 1 full BTC? - page 2.

7788bitcoin

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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?

The choice is yours whether you wanted to hold the entire bitcoin or hold some fraction of a coin and you invest according to your budget. If you look at the current price you cannot expect a normal citizen to invest his entire fortune to hold the coin rather they will invest a fraction.

If you are talking about whales and institutional investors then your view is right as they will be investing millions but you cannot expect the same from the common investor.

Zionatin

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There is no advantage other than the fact that there are more. It is like asking what difference does holding a $1 note or $100 note, other than they differ in value. 1 BTC is a nice whole number and many
people talk about it that way because I guess it's just nice to own a whole coin instead of fractions of one.

Quote from: bekti3 on January 10, 2021, 02:37:19 PM

Sounds like the pamiliar currently owns 1 bitcoin, not some. even though they are both bitcoin. it's just that maybe 1 will feel so perfect. even though those who already have 1 bitcoin are not satisfied if they don't have 2 bitcoins. etc.

it's more about satisfaction. but satisfied in today's human character when presented by looking at the price of 1 bitcoin $ 50,000?
I think they want more than 1.

Human nature and basic greed. That or it could be ambition.

bekti3

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Sounds like the pamiliar currently owns 1 bitcoin, not some. even though they are both bitcoin. it's just that maybe 1 will feel so perfect. even though those who already have 1 bitcoin are not satisfied if they don't have 2 bitcoins. etc.

it's more about satisfaction. but satisfied in today's human character when presented by looking at the price of 1 bitcoin $ 50,000?
I think they want more than 1.

Spoona1

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Hi i am looking for some advise please. I have inherited a 2012 self mined CASASCIUS physical bitcoin (1BTC)and need guidance on how to auction safely , I have been advised this will enable the best return due to is rarity?

Any guidance or support on how to sell this would be really appreciated as my knowledge with bitcoin is limited.

Thanks

FlightyPouch

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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.

That is not luck, that depends. If you won in gambling then I can say that you are a lucky guy but if you get that from trading and investing, that would be because of the fact that you are a great investor or a trader. There are a lot of ways to earn your first bitcoincand one of the most popular is through buying and trading.

samputin

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

I think it is a goal.

In the past as I the price of bitcoin increasing, I am aiming to get 1 Bitcoin to see if I am actually eager to do trading and investing and also to see whether I can actually save one. I am closing to that mark and I am not actually flexing that, It is like an achievement to me. To tell myself that I can do things and not overthink that I can't.

Exactly. But more than a goal, it's also an achievement once reached. Besides, when someone owns a bitcoin or two and if the price is like this, man, I consider that rich already! It may still be small to some but coming from a not wealthy family who knows how hard it is to have and earn money especially when times you need it, having 1 bitcoin, I'm already on cloud nine.

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

ChrisPop

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Just a flex. Don't pay attention to things like that and do not try to impress people. If you want to purchase Bitcoins do it because you want to benefit from its features aka to protect your wealth from inflation, increase your net worth, be free from the banking system, etc. Don't buy just because you want to own 1 btc.

kryptqnick

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I have a friend who used to have 1 BTC and was very proud of it (I'm not sure it's still the case with the ATH and everything). I think that the reason for the 1 BTC value is symbolic. Rationally, it doesn't matter to have this exact amount. But before the current bull run the goal of getting 1 BTC was pretty realistic to many people here. Moreover, the price of Bitcoin is always measured per 1 coin, so it's useful to have 1 exactly. It's also just a nice full number with no small bits and stuff. It's an integer, it looks nice and feels like a nice accomplishment, I think.

irixo10

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In my own opinion, placing such value on Bitcoin is seen as a target that is, if you have some fractions of Bitcoin you can strive to get more until it reaches 1 BTC. On the other hand, people will always fluant what they have, and considering how volatile this space, it is wise to invest to the best of your capacity not because you want to follow a trend of people; the Importance of this is, investing what you can afford will make you hold long term but investing just because you want to own 1 BTC, might not really make you hold long term. Lastly, although having 1 Bitcoin have its benefits, at the same time, owing fractions of it also come with its own benefits; the more you Strive to own 1 BTC is the same way, many other people strives to own more than 1 BTC, hence bringing us to the aspect of buying what you can comfortably afford.

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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?

Obviously, you have more if you own 1 whole bitcoin than just fractions. And whenever the price increases by $1,000, you'll feel the gains.
Unlike with the slightest amount that you have in fractions, you barely feel the gains.

remotemass

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They don't realize that bitcoin is digital gold and BTC is the unit, like Kilograms.
Actually, 1 full BTC will probably be worth 10 Kg of gold. That will mean bitcoin reached parity with gold.

BTC is the unit. But you can divide it into 100 million satoshis (8 decimal places). And possibly there will be ways to divide "satoshis" into even smaller units.

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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 own any fraction of BTC but the more you own bitcoin, the better it is for you and your future. In the near future, there will be very few people who can own full 1 btc so i think we should collect as many bitcoins as possible and keep them HOLD.

yazher

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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?

they've just wanted to hodl it that way since it was a trend last year. there are lots of people who bought BTC that way and as you can see those hodlers are getting some good news right now and the price when they bought that 1 BTC it's way cheaper. Now whenever the price increase more than the day before in the market, they surely getting the whole earnings from it because they hodl 1 BTC, the percentage they've got since they bought it has now manifold in a big amount of cash.

iv4n

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Quote from: Spoona1 on January 10, 2021, 03:42:30 AM

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

...

Hi I am looking for some help. Where is the best place to trade or auction Casascius Bitcoin? Sorry if this is not the correct section of the forum to ask,I’m new to this.

🙏

Try marketplace... I can't remember the members who like this stuff (there are few reputable members) and they have some discussions about these coins in their topic! You will have to search for that alone!

Why do people value 1 full BTC?! Well there will be only 21 million BTC, now there is one wallet with 1 million bitcoins locked, many bitcoins are permanently lost... people can search for some calculations about it, and by some it looks like there is 10-20% fewer coins! So one full Bitcoin can give you an advantage one day!
You can have fractions of course, but 1 full sounds a lot better than just fractions...

Spoona1

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

I think it is a goal.

In the past as I the price of bitcoin increasing, I am aiming to get 1 Bitcoin to see if I am actually eager to do trading and investing and also to see whether I can actually save one. I am closing to that mark and I am not actually flexing that, It is like an achievement to me. To tell myself that I can do things and not overthink that I can't.

Hi I am looking for some help. Where is the best place to trade or auction Casascius Bitcoin? Sorry if this is not the correct section of the forum to ask,I’m new to this.

🙏

ultrloa

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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?

Depends on the person who you talk or see since someone is just flexing it especially at this time but there are other who like to have a whole BTC for personal satisfaction that they didn't miss something in the bull run or they want to have that for future holdings.

ralle14

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One of the small advantages I see is that it's easy to know the fiat value of the bitcoin you own rather than having smaller amounts.

I agree with Janation it's more of a goal like how you save up on something for so long that you finally reach it. I remember getting my first bitcoin back then it didn't change much for me but it felt great when you get there. What's more interesting is hearing the stories of others on how they got their first bitcoin.

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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 having 1 full BTC might be a goal for them, honestly if I could have 1 BTC from smaller investment I would also flex them no matter what price it has. Currently I'm a little bit far from it let's hope I would be able to get lucky in trading and increase the number of my Bitcoin.

20kevin20

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Mostly because there are only so few coins in existence, so owning one entire coin becomes harder and harder as time passes by. Just think how hard it is for the average Joe today to get to own an entire BTC vs how hard it was back in 2016 when it was under $500..

Innerpumper

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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?

bitcoin price is very expensive for 1 btc only. That's what makes us judge enough with one bitcoin it would be amazing. In this world bitcoin as a whole is only 21 million and so many bitcoin enthusiasts. That's we are sure with 1 btc it is quite remarkable, In fact we can shop with only less than 1 btc or 0.1 0.01 .001 it remains spent that's why bitcoin is so valuable.

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