Why do people seem to value 1 full BTC?

samputin

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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.

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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?

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

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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

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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.

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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 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

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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

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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 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

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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.

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

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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 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

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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

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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

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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

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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?

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

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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

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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.

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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?

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

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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

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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.

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.

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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.

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.

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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.

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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...

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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..

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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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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.

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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.

manfredmann

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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.

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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.

Maus0728

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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.

Janation

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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.

TravelMug

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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.

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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?

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.

DaveF

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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

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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?

Topic: Why do people seem to value 1 full BTC? (Read 482 times)