Why should you own at least one Bitcoin? - page 4.

imstillthebest

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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 .

ipanks

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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.

Kayum10029

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Many are saying that the price of Bitcoin will exceed one million dollars in the near future In the meantime, many have begun to invest in Bitcoin. But this is a trick because many people make such baseless tweets to increase the price of Bitcoin. You don't have to have a bitcoin. As much as you You can invest in Bitcoin as much as you can.

kryptqnick

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If you aren't rich, you probably don't have 1 BTC and can't have it if we consider the current value. I've personally never had that much money in my life, and where I come from, you can buy a flat in the capital with this sort of money. Also, BTC has grown in price significantly already, and nobody knows its limits and potential, so a person might also lose money this way. It's a high-performing asset for now, but it can easily change. I'm really glad to see that most people in the thread aren't supportive of the whole 'at least 1 BTC' thing.

Reatim

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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.

this is not how much you must be obliged to invest but how much you can afford to lose , you are forcing people to own one bitcoin while majority of people here treasure 1 bitcoin as their more than 3 years of their salaries?

just buy and hold the amount you know that wont make you cry if losses.

Quote

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

if bitcoin will attain very high price in the future , then it is ok if a person owns 10,000 satoshis because this will be meaningful that time?

Kong Hey Pakboy

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It's a delusional advice to be honest, doesn't OP know that there are countries out there that have middle income earners that aren't even enough to feed a family for a month let alone invest in bitcoin or cryptocurrency even just by a little? It's promising but it's a stupid advice because it's expensive to buy 1 bitcoin.

Lucius

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Quote from: aoluain on August 05, 2021, 04:48:31 PM

There is a psychology behind owning 1 Bitcoin but in the near future owning 0.1 will
be quite a large amount of Bitcoin/Satoshi's.

Psychology changes over time, or rather with the price of BTC. Those who have been on the forum for a long time (5+ years) know that it used to be very popular to be part of the so-called 21 BTC club, those who own at least 21 BTC. At the end of December 2016, ticket for that club cost only $16 180, which today is not enough even for 0.5 BTC.

It is possible that in 5 years 0.1 BTC will indeed be something that few will be able to afford - but given the standard of billions of people today, for them even today it is a real fortune.

Entrance for 1 in a million 21 BTC club is now $16.180

bitzizzix

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Quote from: peter0425 on August 05, 2021, 08:44:13 PM

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

All of [people here in forum wanted to have at least 1 bitcoin and you don't have to remind us that , the only problem is how to accumulate when majority of people here are small time investors, most of them even sell their bitcoin in losses because of no capacity in life to survive.

Yes, the majority in this forum are only small investors who are only able to invest a small part of their income and besides looking for bitcoin through expertise that will be paid with bitcoin to grow it, so in my opinion to own 1 BTC it is not easy for small investors unless they are big investors or rich people and also those who want to sacrifice something valuable to get 1 BTC.
Everyone's bitcoin holdings here are mostly up and down because if there is an urgent need to be resolved, inevitably have to sell it as needed.
and i am also like that even though i don't have much bitcoin which i invest at the moment, but my needs and whatever i want can be fulfilled from bitcoin proceeds.
so ownership of 1 BTC is not the main goal, the most important thing is to have bitcoin regardless of the amount and besides that it can meet the needs of life financially and peacefully and I think it's strange if someone forces to have 1 BTC beyond their ability, but their life is difficult and also tormented.

dataispower

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Such rules doesn't apply to everyone, many people come from countries whose minimum wage are far below $100 monthly, they will have to pay for health bills, food, basic utility will be sorted at the end of the whole thing they will be left with $10-20 to save maybe they could consider investing $5 monthly in Bitcoin. Annually they would not be able to purchase a full bitcoin. Your advice should be people should prioritize the idea of investing in Bitcoin instead of telling them to own a minimum of 1 BTC. It is not necessary.

Kiley33

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If you are investing in Bitcoin, you can slowly set goals for yourself and accumulate bit by bit. There is no need to invest all your money in Bitcoin. If you need money urgently in your daily life, you have to Converting Bitcoin into legal currency is more troublesome.
Investing in Bitcoin is more stable than investing in houses and stocks.

peter0425

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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

All of [people here in forum wanted to have at least 1 bitcoin and you don't have to remind us that , the only problem is how to accumulate when majority of people here are small time investors, most of them even sell their bitcoin in losses because of no capacity in life to survive.

johnyj

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Rengga Jati

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One of the reasons why investing in Bitcoin is because this is an affordable investment. We don't need to invest 1 BTC, but we can invest the amount of BTC that we can really afford. 1 Bitcoin is too many for me and maybe for other people. Grin

Taking the decision of how much we can invest should be wisely, not about how much we must invest, but how much we can invest exactly. This is actually good investment both for short and long term (IMO)

n0ne

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Having limited supply always make the bitcoin to have high demand. Think of the world population. Being one among the 21million to hold atleast one bitcoin is really a big thing. In future this will be more worth once the entir number of bitcoins were mined.

There is nothing as more Bitcoins. Once the entire number of bitcoin is mined each satoshi will be valued big, because only in terms of Satoshi it is possible to fulfill the necessity of growing population.

livingfree

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Just get to have bitcoin at the best capacity that you can. Not everyone is in good standing to own at least one bitcoin.

Don't set the standards too high in owning bitcoin and let the people assess what they can with their capacity, we advice people to invest in bitcoin but only invest what they can afford to lose. Although I'm partial agree with what you're bringing op but it's just that not everyone can avail to do that so at least, you've said it already that to hold as much as we can.

Republikcoin.com

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Relax guys, this is just an opinion and we don't have to have 1 Bitcoin in our wallet or this is also not a compulsion to buy Bitcoin. The OP only expressed his opinion on the results of his research on Bitcoin, where according to him Bitcoin is a savior during the upcoming economic crisis.
Buy Bitcoin without coercion and buy it because you understand the risks. Never make a decision without doing some research first.

aoluain

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Quote from: Lucius on August 05, 2021, 07:33:19 AM

Quote from: Pierre Gerson on August 05, 2021, 06:56:52 AM

21 million Bitcoins are definitely not enough for everyone to hold one.

Of course, there isn’t enough for everyone, but again not everyone is even interested in owning a BTC. If only the world's millionaires wanted to own 1 BTC, it wouldn't be enough for even half of them if we take into account that there are about 50 million of them with a tendency of constant increase.

Ordinary people dream about this goal, but the price is currently such that few can really achieve it, although those who really want something always find a way to achieve it. I believe there will come a time when people will say that anything under $100k was cheap, just like we used to say for $10k or $1000.

In the future, possibly the near future a millionaire coming late into Bitcoin may not
own 1 bitcoin because of scarcity.

Today with the price of Bitcoin being ~$40k low earners cannot even buy 1 Bitcoin.

There is a psychology behind owning 1 Bitcoin but in the near future owning 0.1 will
be quite a large amount of Bitcoin/Satoshi's.

Viscore

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Quote from: Fesatmas on August 05, 2021, 12:06:33 PM

For someone who can afford one Bitcoin, it won't be difficult. For us it becomes a very easy thing, that's the reason why I'm on this forum. In addition to seeking knowledge, there are always bonus points in it.
There really isn't a standard for how much one should have in Bitcoin, but don't let it all end unfulfilled and leave a few Satoshi.
So my advice, have what you can have even a little, because one day what you have (a little at the moment) can become something someone else wants.

A single bitcoin today has already a very expensive price so its very risky if you'll buy today without knowing the price might fall the following day. So its always best in to invest in bitcoin on the amount you can only afford to lose. After all, if you will make profits once your investment become successful, your bitcoin will definitely grow in number from time to time. Just an advice, once you get there, never sell all your bitcoins once the price is at its peak. Bitcoin will always be a good investment and will definitely be a good store of value and a good retirement when you reach your old age.

wxa7115

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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

It is not bad advice however we must recognize that the majority of people do not really have the money to buy a single bitcoin, even people living in first world countries do not really have the money to do so, after all many of those people do not really have any savings so they cannot even buy a fraction of it.

So for all of those that are not able to afford a single bitcoin what can they do? And the answer is very simple, begin to stack satoshis, it is not the most exciting thing to do and you're not going to become rich overnight but over the long term this is going to be incredibly beneficial for you, so you might as well start now before the price of bitcoin keeps increasing.

Welsh

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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.

This isn't exactly accurate. This is goal specific. If you want to add 100k to your net worth, then holding just 0.1 Bitcoin might be enough in the future, if Bitcoin was to reach 1 million per coin. Obviously, that's quite a specific example, but my point is you don't need to own 1 full Bitcoin to be able to profit, and in fact accumulating as much as you can is probably the best bet, whether that's 0.1, 0.005 or 0.0006. At the end of the day, that's more than you would have had if you passed up the idea of investing.

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