Why should you own at least one Bitcoin? - page 2.

iTradeChips

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Quote from: RokokGudangGaram on August 05, 2021, 07:09:07 AM

What you have said is is something like this "Buy a lot of properties, if you are not rich own at least 1 house" does this make sense? In the first place if you are not rich you won't be able to have at least 1 Bitcoin. It's easy to say rather than to do it.

Maybe, this user is just trolling around. Posting something that everybody knows is non-sensical for us to talk about and discuss. Or maybe she has good motives, but just doesn't thought of the ideas very well. One bitcoin is 40,000 dollars. Do you think that 21 million bitcoin investors is all there is in a world with 8 billion people? This might be a case of post that has good motives but bad execution and ideas. I still applaud the attempt made to motivate people to go with Bitcoin.

pawanjain

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Quote from: blackened515 on August 07, 2021, 03:42:42 PM

Quote from: pawanjain on August 07, 2021, 11:55:24 AM

It doesn't really matter if you hold one bitcoin or not because as long as you are holding bitcoin, you are holding it's proportionate value.
It's not absolutely necessary to hold one whole bitcoin. Many people including myself don't have that kind of money to invest in bitcoin.
But we still are holding as much as we can accumulate and that itself makes us the part of the bitcoin community.
So we are good as long as we accumulate as much as we can.

I agree with you. Not everybody have that amount of money to buy 1 bitcoin. We just have to invest the little we have. Is not a must that one should basically own 1 BTC. I understand that the idea of owing at least 1 Bitcoin is a good one, to enable us make a huge profit when the price hit a high price. But, someone like me can't afford such amount, I just invest as much as I can.

That's the right approach. Alternatively, we can also find some good altcoins like ETH, SOL and other potential coins which are worth to invest in.
Although bitcoin should be the coin to hold for long term. These coins can give better returns than bitcoin in the short term.
Accumulating them and selling them in short term for BTC will give us a better amount of BTC. Hence even better returns in the long term.
Also, we can also split the portfolio into BTC and ETH for short term and then later sell ETH for BTC. #DYOR

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Quote from: Mikayla Buckley on August 05, 2021, 06:11:43 AM

Many people are considering how to invest in Bitcoin. My advice is: try to hold as many Bitcoins as possible. If you are not rich, you also need to hold at least one Bitcoin. If you don’t own one Bitcoin, It is possible that an entire era will be missed.

Why would I suggest this?

Because I think Bitcoin will rise to an unattainable price in the future. In fact, it is difficult to value Bitcoin according to traditional valuation systems and models. Because Bitcoin belongs to a completely different category of assets, I think a more accurate name should be "monetary assets". This is an asset with a very strong currency attribute, and it is also a currency with a very strong asset attribute.

It has become a consensus that the economic crisis will come back every once in a while. The reason for the financial crisis is very simple: both parties are greedy, investors' greed and bankers' greed. Greed is what it should be on Wall Street, it can almost be regarded as an obligation.

And when will the next round of crisis come? We don't know

I also strongly believe in Bitcoin, so I am going to hodl it for at least 5 years. And I will sell it only when I see a big bull run and I really need money. But, of course, I am not going to sell all, I will sell small parts to fix my profit.
But you were too previous to say that everybody should have at least one BTC, moreover poor people. Not all of us can afford it.

germsite

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Quote from: Mikayla Buckley on August 05, 2021, 06:11:43 AM

Many people are considering how to invest in Bitcoin. My advice is: try to hold as many Bitcoins as possible. If you are not rich, you also need to hold at least one Bitcoin. If you don’t own one Bitcoin, It is possible that an entire era will be missed.

Why would I suggest this?

Because I think Bitcoin will rise to an unattainable price in the future. In fact, it is difficult to value Bitcoin according to traditional valuation systems and models. Because Bitcoin belongs to a completely different category of assets, I think a more accurate name should be "monetary assets". This is an asset with a very strong currency attribute, and it is also a currency with a very strong asset attribute.

It has become a consensus that the economic crisis will come back every once in a while. The reason for the financial crisis is very simple: both parties are greedy, investors' greed and bankers' greed. Greed is what it should be on Wall Street, it can almost be regarded as an obligation.

And when will the next round of crisis come? We don't know

That is serious utopia. The advice is nice and cool and so on but how in the world should it be possible for the vast majority of people to hold a whole Bitcoin? That is just not doable for at least every single person that belongs to the set consisting of "total population - 21 million people". Statistically, chances are very low you'll ever hold a whole Bitcoin. Wink

retnoanjani

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Quote from: Distinctin on August 07, 2021, 02:27:58 PM

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I believe bitcoin will be a good retirement package in our old days because its value will definitely grow in the future. Even with the current price, the price is really incomparable and very amazing for everyone but let's not forget how risky it is too especially if your prefer to buy it with the current price. So just invest on the amount we can afford to lose.

Setting targets is good, but we have to keep thinking rationally, we still have to enjoy the process and be prepared to face the worst risks. whether it can reach 1 btc or not, if we plan a good strategy, plan investments well, then we will be more comfortable than just forcing our will.
currently i am very interested in DCA strategy, i want to invest around 10-20% of my income to buy btc. I want to buy it, collect it, forget it, lol... and will hope the bullrun in a few years will become my treasure.

blackened515

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Quote from: pawanjain on August 07, 2021, 11:55:24 AM

It doesn't really matter if you hold one bitcoin or not because as long as you are holding bitcoin, you are holding it's proportionate value.
It's not absolutely necessary to hold one whole bitcoin. Many people including myself don't have that kind of money to invest in bitcoin.
But we still are holding as much as we can accumulate and that itself makes us the part of the bitcoin community.
So we are good as long as we accumulate as much as we can.

I agree with you. Not everybody have that amount of money to buy 1 bitcoin. We just have to invest the little we have. Is not a must that one should basically own 1 BTC. I understand that the idea of owing at least 1 Bitcoin is a good one, to enable us make a huge profit when the price hit a high price. But, someone like me can't afford such amount, I just invest as much as I can.

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Quote from: Woodie on August 07, 2021, 01:55:15 PM

You need to own 1 bitcoin so that in the future it could become your retirement package as price is expected to rise with time,so if you want an idea of how you can use bitcoin, take it as a parallel savings account for your kids, save some money for your kids and family both in fiat and crypto (bitcoin). In a few years time you are likely to find the bitcoin pot to be more valuable than your fiat savings account. If you have never looked at bitxoin this way here is a savings project for you, happy savings.

This is a great advice for everyone but i think its not necessary that you should set a goal reaching one bitcoin because although its easy to say buy definitely hard to be realized. Just invest little by little and of course, on the amount you are ready to lose.

I believe bitcoin will be a good retirement package in our old days because its value will definitely grow in the future. Even with the current price, the price is really incomparable and very amazing for everyone but let's not forget how risky it is too especially if your prefer to buy it with the current price. So just invest on the amount we can afford to lose.

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You need to own 1 bitcoin so that in the future it could become your retirement package as price is expected to rise with time,so if you want an idea of how you can use bitcoin, take it as a parallel savings account for your kids, save some money for your kids and family both in fiat and crypto (bitcoin). In a few years time you are likely to find the bitcoin pot to be more valuable than your fiat savings account. If you have never looked at bitxoin this way here is a savings project for you, happy savings.

uneng

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I don't understand why people think 1 BTC is an absurd amount of money right now. Honestly, what can you do with 40,000$ nowadays? It used to be a decent amount many years ago, but not anymore, since inflation ate a lot of dollar's value. 1 BTC isn't even sufficient to generate enough passive income to pay for the most basic needs in a monthly basis.
OP's suggestion is a very good one. People should aim at least 1 BTC portfolio on short run, to be benefited by the next bitcoin bull runs. Not everyone will have the opportunity to hold 1 BTC futurely, but you who are reading this message right now still have the chance of holding. Don't think about it like an impossible task to be achieved. It's still possible with some effort and savings management.

Rruchi man

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Not everyone has a goal of owning 1 BTC. Ideally, the rationale behind it is good but in reality it is not a solid financial advice at least not for everyone. I think what people should do is to plan to invest a small percentage of their monthly income. This is for those who are not day traders. Weather there's going to be an economic crisis or not humans will be fine and will also do quite well with or without ownership of 1BTC.

pawanjain

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Nothing lasts forever

It doesn't really matter if you hold one bitcoin or not because as long as you are holding bitcoin, you are holding it's proportionate value.
It's not absolutely necessary to hold one whole bitcoin. Many people including myself don't have that kind of money to invest in bitcoin.
But we still are holding as much as we can accumulate and that itself makes us the part of the bitcoin community.
So we are good as long as we accumulate as much as we can.

Koro-Sensei

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Quote from: Mikayla Buckley on August 05, 2021, 06:11:43 AM

Many people are considering how to invest in Bitcoin. My advice is: try to hold as many Bitcoins as possible. If you are not rich, you also need to hold at least one Bitcoin. If you don’t own one Bitcoin, It is possible that an entire era will be missed.

Why would I suggest this?

Because I think Bitcoin will rise to an unattainable price in the future. In fact, it is difficult to value Bitcoin according to traditional valuation systems and models. Because Bitcoin belongs to a completely different category of assets, I think a more accurate name should be "monetary assets". This is an asset with a very strong currency attribute, and it is also a currency with a very strong asset attribute.

It has become a consensus that the economic crisis will come back every once in a while. The reason for the financial crisis is very simple: both parties are greedy, investors' greed and bankers' greed. Greed is what it should be on Wall Street, it can almost be regarded as an obligation.

And when will the next round of crisis come? We don't know

I believe what you believe in. As a hard core bitcoiner, the hoarding of bitcoin is like an addiction. You'll get greedy once you have one and then you will try to have 1 again. I hold BTC since 2017 and it really helps me this pandemic. I am still planing to hoard more and more as I know times weren't always good. Its better to have another back up for your funds once shit happens.

BIT-BENDER

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Quote from: Mikayla Buckley on August 05, 2021, 06:11:43 AM

Many people are considering how to invest in Bitcoin. My advice is: try to hold as many Bitcoins as possible. If you are not rich, you also need to hold at least one Bitcoin. If you don’t own one Bitcoin, It is possible that an entire era will be missed.

I think there might not be any one living who is into crypto-currency especially Bitcoin that doesn't want more than A Bitcoin, I also don't think many people care interestingly about any era, they are investing in Bitcoin, to get what comes when you investing in something that speculated to rise, I don't have A Bitcoin -complete one bitcoin- or more, but am very excited as to when I would have and furthermore the era sound like crypto-currency isn't begun am not sure if am excited about any era, because my whole excited is what I can do with bitcoin now.

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Quote from: Mikayla Buckley on August 05, 2021, 06:11:43 AM

~snip

any amount is enough to put as a investment in bitcoin wherein amount of capital that you are sure after all it can give you good return , even not atleast one bitcoin because it a huge amount of money. Cheesy

And yes it's a good investment for future but just remember to invest what amount you can afford to lose so that no more worries and you can control your emotions when something bad happen in the market, what i mean not when we you see a bad situation you will dump because it's a big mistakes..always think positive when you invest in it..

marissa23

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Quote from: Rigon on August 07, 2021, 08:04:52 AM

We should have a bitcoin in our wallet in proportion to how long we have been working on this bitcoin forum. When I work at Bitcoin this crowd did it at a much lower price. Then I had two bitcoins. I sold my bitcoins for my family's needs. If I had that bitcoin today, my life would have changed a lot today.

I've experienced the same thing, I sold bitcoin in 2018 when I sold bitcoin to meet my family's needs at that time the family was at the lowest point, but if I have other assets I don't sell bitcoin because I believe bitcoin is a very valuable asset.

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Quote from: Cling18 on August 07, 2021, 07:15:47 AM

Everyone couldn't afford even a single Bitcoin to be honest. However, that's onw of the goals I have. To own at least a single Bitcoin would be a huge achievement and that will assure our future since we're holding a good investment. It might take time to earn a single Bitcoin but through hard work and perseverance, I know that we could make this suggestion possible.

For me to buy 1 bitcoin for now which is $43k it takes 7 years of monthly salary without losing 1 cent, of course this is a difficult dream, but optimistically and following the bounty on this forum hopefully there will be tokens skyrocketing 1000x so I can buy 1 btc .

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We should have a bitcoin in our wallet in proportion to how long we have been working on this bitcoin forum. When I work at Bitcoin this crowd did it at a much lower price. Then I had two bitcoins. I sold my bitcoins for my family's needs. If I had that bitcoin today, my life would have changed a lot today.

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Quote from: ipanks on August 07, 2021, 06:26:10 AM

Quote from: imstillthebest on August 06, 2021, 05:32:02 PM

Quote from: ipanks on August 06, 2021, 10:43:52 AM

Quote from: ?? on ??

The price of bitcoin for now is still cheap and can be reached maybe in the future the price of bitcoin will be more expensive for me bitcoin is an asset for the future it is appropriate that we have assets for old age.

Although it is still cheap, not many people can buy 1 bitcoin directly, especially if the price is up and down. People tend to buy a small fraction many times to get many lower prices to have bitcoin. If you want to make money from bitcoin, 1 bitcoin is your target and that is not easy to reach because you will need more effort to always buy at many lower prices.

to the person that says its cheap well maybe they are a little richer but for the poorer ones they think that 1 btc is already high to them but it was still possible for them to enter .you said btc is up and down ? then they can wait for the price to go down before they buy .
they can just repeat this simple proccess till they reach 1 btc .
i think 1 btc isnt necesary but what important is that you understand btc and you have some btc , that makes you a part of this movement .

I observe not many people can repeat those simple processes because they will think it is a waste of time waiting for the price to go down and then determine the lowest price. Yes, they need to realize that is the only way for them to buy bitcoin at a lower price but they also have the other way to wait for the lowest price to buy bitcoin. But the problem is no one will know how deep bitcoin price will go down and we can only predict the price. Maybe they should realize how they can make money from bitcoin so they will think that buying bitcoin at a low price and selling it at a high price will give them a chance to make money.

we also need to be realistic . adoption is getting bigger and this cause the value to remain at higher points .
lets accept that theres only a slim chance for btc to go back at 10k or lower if that is our target .
price of btc now is over 40k dollar but if it gets lower like 39k , we can buy that . lets make it this as a new normal if only we want to get involved and earn .

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Everyone couldn't afford even a single Bitcoin to be honest. However, that's onw of the goals I have. To own at least a single Bitcoin would be a huge achievement and that will assure our future since we're holding a good investment. It might take time to earn a single Bitcoin but through hard work and perseverance, I know that we could make this suggestion possible.

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with us having just one bitcoin means that we already have an investment in the business, with such a thing means that we have succeeded in having our assets in the crypto world. and I think this is very appropriate with us having only 1 bitcoin then it is not impossible if one day the price goes up we can have not just one bitcoin even more than that, I think what this person did is very meaningful he has a soul in business

The current price of Bitcoin is 43K and its a huge amount for normal people having a normal job in a 3rd world country. Maybe its a possible goal for people in rich country like US, EU and China but not in general. Having a piece of it is already enough and not necessarily 1 Bitcoin. I'm case a poor manage 1 Bitcoin, there's no guarantee that the price will gonna grow that much and might give a huge loss. Any amount of Bitcoin is enough, Just invest what you can afford to lose.

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