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.
Topic: Why should you own at least one Bitcoin? - page 5. (Read 797 times)
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.
if you suggest me to have at least 1 bitcoin then I can't do that...everyone must have Bitcoin but for investment and the amount no one can peg it, if I force myself to have 1 bitcoin then I will not succeed. 1 bitcoin in my country at the current price is able to buy a luxury house complete with its contents.
To have at least one bitcoin that is a whole lot of money we are talking about there, for me I will say one should at least invest in bitcoin if we are preaching one bitcoin at least many people will not invest, in my Country you have to work at least close to twenty years for a minimum wage earner before you can save to own that.
Well, actually what the OP says, although not explained very clearly, I used to hear it years ago: that you get and keep at least one Bitcoin. Today with institutional adoption, with most predictions giving at least $100K for this cycle, and $500K-$1M for the next, I'm already seeing how the amount has dropped. The other day JJG was talking about 0.21 BTC in the WO thread.
It was hard to understand what OP meant totally....
I don't think it's necessary to own 1 full Bitcoin for newcomers who're not rich to afford the bitcoin anymore so it's ok to own a fraction of it.
Price impact will be on full quantity and fraction on bitcoin this is where newbies to bitcoin think something else.
I don't think it's necessary to own 1 full Bitcoin for newcomers who're not rich to afford the bitcoin anymore so it's ok to own a fraction of it.
Price impact will be on full quantity and fraction on bitcoin this is where newbies to bitcoin think something else.
I think no one will force us to have at least one bitcoin because that will be up to us. If we prefer to have one bitcoin, we will try to have that amount, no matter how we can do that. If you believe that the bitcoin price will increase more than just $100,000 in the future or reach the fantastic price that we can not imagine, you should try to accumulate more bitcoin from now on before the price starts increasing. Besides that, having bitcoin or not will depend upon us and that is our option.
Owning 1 Bitcoin is not a matter of should. Everybody who has money to spare should consider having Bitcoin. But it doesn't mean that it is required. Especially to those who have very limited savings and extra money, I think they should not put it into Bitcoin because by the time they need it for whatever urgent reasons, they might be forced to sell it at a lower price. Money that should be invested into Bitcoin should be the extra excess, an amount that one could leave idle for years.
what does it mean if you don't own at least 1BTC?
there are more than hundred million people out there that have not heard of BTC their entire life, sound like they are really in big trouble if they don't have one. some of us here doesnt even have 0.5BTC. i'm about to jump infront of a running train. 😄
anyway well get to see the future i'm sure there is something stored for us. maybe that doge we dump really will be vakuable too and elon was right after all. or maybe not.
there are more than hundred million people out there that have not heard of BTC their entire life, sound like they are really in big trouble if they don't have one. some of us here doesnt even have 0.5BTC. i'm about to jump infront of a running train. 😄
anyway well get to see the future i'm sure there is something stored for us. maybe that doge we dump really will be vakuable too and elon was right after all. or maybe not.
Bitcoin is the future. So, I would really advise buying before it's too late.
There is no such late on investment especially on Bitcoin, People just need to appreciate it's use and invest what they can afford to lose so that they will not treat there investment just like there life depends on it. This is the main reason why people always feel FUD whenever the price is falling instead of accumulating more for a lower price. Bitcoin will be alive in the future but there's no guarantee that the price will still sky rocket in the future because we can't predict the competetion when the time comes.
For the average Joe, $40k might not even account for total life savings. It's unaffordable right now for most people to invest in an entire BTC. Also, while I agree that owning 1 BTC will most likely change your life in only a matter of time, many people simply aren't fit to be Bitcoin investors due to its volatility. Its quickly-changing price makes it hard to keep up emotionally every time the market goes into a rollercoaster.
As a financial advisor by trade, I would disagree with your assessment to an extent. Now I do agree that everyone should try and own at least 1 bitcoin, but for a lot of people, or I should say most people that simply isn't realistic. Bitcoin is around 40,000 right now and that is a heck of a lot of money for most people. First off you should have a well diversified portfolio with traditional assets before you have any or any significant amount of bitcoin. There still is super high risk with bitcoin and you need to be willing to accept substantial lows.
There is no required numbers whole number or decimal on how much you should have/stored bitcoin.
Everyone cannot afford to get whole a whole BTC.
To have any amount and understanding how bitcoin works and why its important to have fractions of it is enough.
Everyone cannot afford to get whole a whole BTC.
To have any amount and understanding how bitcoin works and why its important to have fractions of it is enough.
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.
Of course everyone wanted to have 1 bitcoin, but it's not that easy to get though, specially that the price has grown exponentially in the last ten years or so.
What we should do is just to save as many satoshi as we call, #stacking sats is the goal and not to immediately jump and buy 1 whole BTC. Because majority of us are just average joes who can't afford it right away.
What we should do is just to save as many satoshi as we call, #stacking sats is the goal and not to immediately jump and buy 1 whole BTC. Because majority of us are just average joes who can't afford it right away.
That's a bit of privileged bullshit that you're spouting to be honest, not everyone can own exactly one bitcoin because it's expensive as heck and you might not get it or you haven't got out of your privileged rock yet but there are poor people out there and even the middle income can't afford to do it.
It's a speculative asset. Doesn't matter who says that it will reach one million, it's just a gamble. So don't gamble what you can't afford to lose.
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.
Stop. Setting Bitcoin ownership goals can only be harmful for the community, it will promote elitism with people who own more looking down on people who have less, and people who haven't reached the goal would only be stressed, and most importantly, it will push many people to invest more than they can afford to lose, which eventually turns ugly.
No one needs to own any Bitcoin, but if someone decided to buy it, they should buy only as much as they can afford to lose.
No one needs to own any Bitcoin, but if someone decided to buy it, they should buy only as much as they can afford to lose.
21 million Bitcoins are definitely not enough for everyone to hold one.
I respect my wallet very much, and now he is not enough to buy a bitcoin asset. I take bitcoin as the first choice of assets because it allows me to earn a lot of assets, which makes my life a lot better.
I am grateful for all of this. Owning a Bitcoin I put it on my list of goals.
I respect my wallet very much, and now he is not enough to buy a bitcoin asset. I take bitcoin as the first choice of assets because it allows me to earn a lot of assets, which makes my life a lot better.
I am grateful for all of this. Owning a Bitcoin I put it on my list of goals.
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 makes no sense.
One bitcoin is not a trivial value for everyone. One bitcoin is worth the same as a good house here in Brazil. Most of the population in my country will have to work his whole life to be able to pay for 1 BTC.
You don't need 1 BTC, nobody does. Just invest what you can afford to lose. Do not overinvest. There are no warranties, and someone may buy a bitcoin for 40k now and it may be worth 10k in the next month.
On the other hand, I think everyone should buy at least 1% of his personal portfolio in bitcoin. You can buy more, such 10-20% or even more if you are crazy. But that's not necessary and absolutely nobody should try to reach 1 btc if that means 90% of your life savings.
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