There are no advantages to owning 1 BTC instead of 0.999 999 99 BTC, people just love round numbers. This desire to own some nice number like 1, 21, 10 or even 0.5 or 0.1 is just a sign of a person who has no experience in investing. They don't understand that if Bitcoin goes up by x2, their value will go by x2 too, no matter if they put $20 or $20,000. This mentality probably prevented some people from putting a few hundreds of dollars into BTC in the past, which could now be tens of thousands dollars.
If someone says "I want to buy BTC, but I can only afford 0.095725 BTC", just tell them to buy and don't worry.
Topic: Why do people seem to value 1 full BTC? - page 3. (Read 479 times)
1BTC means increase in USD value by a minimum of 1k or more. This makes the profit bigger as compared to just a few dollars. Plus the advantage of being in 1 BTC club for the name sake. I personally do not believe in it as long as your are holding Bitcoin.
For most bounty hunters wanting to own btc getting rewards is not enough to get a full btc but of course over a period of being lucky and was able to held some of it before the bull trend then high chances on those days in which bitcoin is cheaper one can gather a btc. Yet, it is completely different nowadays owning a btc would be rather difficult due to its high market value.
The advantage of having a full unit of bitcoins over having a small portion of bitcoins is quite obvious.
If these people want to operate in the market, they will definitely make more profit by having more share, and this is undeniable.
If these people want to operate in the market, they will definitely make more profit by having more share, and this is undeniable.
The more the merrier! Who doesn't want to have one full bitcoin in their stash if it can be the reason to achieve financial freedom, being away from risk of inflation and such.
Another reason why lots of people are keen in stacking sats as much as they can is for them to be able to reduce the cost of buying due either from the possibility of price increase in the next few year or decades when the majority of big companies are putting their money simultaneously. Or perhaps, for them, it is just a milestone that they planned before they seriously get into bitcoin.
It depends on every people.
Another reason why lots of people are keen in stacking sats as much as they can is for them to be able to reduce the cost of buying due either from the possibility of price increase in the next few year or decades when the majority of big companies are putting their money simultaneously. Or perhaps, for them, it is just a milestone that they planned before they seriously get into bitcoin.
It depends on every people.
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.
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.
It's because you will be part of the so called 1 bitcoin club, part of a group of bitcoin investors to even own at least 1 BTC. And with bitcoin getting more scarce as time goes on, the price will naturally go up, making you someday a millionaire. So this is the first obvious target for every bitcoin enthusiast.
Or better yet owning 21 bitcoin will be more rare, 21 bitcoin club.
Or better yet owning 21 bitcoin will be more rare, 21 bitcoin club.
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?
Good question , but for me ? i personally wanted my "Whole" bitcoin because at least this is a full amount though it doesn't really matter and affect our holdings if we have small amount or more than 1 Bitcoin.The most important thing here is that we value the Bitcoin on our hands and we believe that this will Help us out maybe not for today but in our future .
And just like what you said , it's Maybe just a Flex for Most of the Bitcoin holder , though I'm sure only small part of bitcoin owners has 1 Full Bitcoin than those who only has fraction of it.
In and of itself outside of just being MORE there is no difference between .1 or .03 or .5 or 1.5 it's all bitcoin and all spendable.
I think it means different things for different people.
But, you are correct, for most of the people it's just flex.
-Dave
I think it means different things for different people.
But, you are correct, for most of the people it's just flex.
-Dave
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?
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