Bitcoin Forum

I really do not believe 1BTC / more to win the poll. Not that I am underrating anyone but, majority do not really buy that big and yet it creates a misconception for others who want to invest. The misconception runs through the thoughts of many people when it comes to investing in Bitcoin. This is not just with newbies but even with some people who are old in the space. Even at the current price of $41,925, 1 Bitcoin is not the minimum you can buy! I have seen a lot of people who are discouraged because they find it their their $20 or even $500 still equates to 0.0xxxxBTC. I understand the feeling but when it comes to Bitcoin, there is no special incentives for those who own a larger amount that you. When we get into the Bull run and maybe the price increases by 20%, no matter the quantity you bought, this 20% will impact everyone evenly. That shows that Bitcoin doesn't care how many you own, just have some and enjoy the benefits. Don't go thinking that it is too expensive, remember that it is also calculated in smaller bits (Sats).

I never really had any doubts from the start (2017 roughly) that fractions of a bitcoin were purchasable. Once you go beyond seeing a value, and move on to being actually interested in the purchase (or simply reading around a bit), you soon learn that fractions are a thing, and units likely an aspirational amount nowadays.

Earlier this year I saw that CoinMarketCap created a separate entry for Satoshis (see https://coinmarketcap.com/currencies/satoshi/). I don’t really favour that sort of entry, as it could be somewhat misleading (I mean ranked in position #6200, no market cap data, etc. really? ...).

The problem is many people do not have to buy a whole 1 bitcoin right now. Even if they can turn back the time, they will not buy bitcoin because they underestimated bitcoin and think that bitcoin will not be like today. People buy bitcoin to make money by selling their bitcoin when the price rise. After people know about the value, they will try to buy as many satoshis as possible and just hold them.

They had no choice, they would have had basically a duplicate bitcoin entry, what they did was create a coin with the marketcap data and price from bitcoin and not add any trades for it so it ranks on 6000+ because it's considered zero volume. Rather than misleading I would consider it totally useless, they could have added a single line on the bitcoin page with the price for a satoshi if they wanted to show the price.


Poeple are not only stopping short of buying only because of the price per the whole piece, which is a bit stupid since how can you do the equivalent in gold, one oz, on gram one kilogram, what's there considered a whole piece? But also because the price seems a bit too high for it to produce results some shitcoins do in their pump and dump schemes.

They see the price at 40k and they say that there is no chance for it to go to half a million, but for a shitcoin worth 3 cents they perceive the increase to 30 cents as possible, if we look at the doge event for example. It's not completely wrong, as it's indeed far easier for a shitcoin with a market cap of 1 million to reach 10 million than for bitcoin to end at 10 trillion, but at the same time, it comes with the risks of never ever going a cent over and ending up as nearly all altcoins do at 0.

Anyhow, with every passing day, the percentage of those than can claim a >1btc buy is dwindling since it's becoming almost impossible for a lot of the people in this world to do such purchases, right now only 32 countries have a bigger median wealth per adult than 1 BTC.

Not buying more than 1 BTC is a relatively new phenomenon. When I started in 2011, it was normal to buy more than 1 BTC. The biggest amount I bought was in 2015 where I acquired around 25 BTC with one purchase. It was also not so long ago when there was a brisk sale of Bitcointalk accounts here in the forum. Senior and Hero accounts went for 1+ BTC over the table.

Just adding to what you said, it feels quite reasonable to want to watch an asset before you buy any though also. I think a lot of us sat and watched crypto for a while before buying any but it does prime you for being able to hold it regardless of what happens with the price.

A random newbie who impulse buys a few parts of a btc is going to be more likely to sell it than someone who's been I interested for a while and finally got the confidence to buy some - even if it is at a higher price.

It also kinda has made sense from the cycles of bitcoin that some people only really invest or engage with the market after we've broken an ath we hadn't broken in a while and I think that's a lot of what people have been doing.

---

So, in short, what looks tiny now could start to look huge at some point. When I started here, btc was at around $220, I didn't buy any until we were over $1k but I felt a lot safer doing it that way - even if it meant I had to settle for less.

Of course, there are always those who do not understand that it is possible to buy only a small fraction of Bitcoin, but also those who will always buy 1 fakeBTC rather than 0.00100000 BTC - the matter with the latter is of course in the perception of numbers - because for some it is only important to have 1 whole coin, no matter what it was called (it is important that it has Bitcoin in the name).

Speaking of those who may be influencing other mortals in this way, we can't escape the fact that some buy hundreds or thousands of BTC and make it public - it makes people envious without a doubt, or even fears that there won't be enough left for them. All life is actually one big competition, people by their nature always want to be better than others - it's no different when it comes to Bitcoin. But no matter how much one owns, even a small portion one buys gives him the right to feel part of something owned by millions of people around the world.

Yes this misconception is huge but people who are really interested in bitcoin will do research on this and find out that they are able to buy in fractions as well.
The main reasons why this is a huge misconception among newbies is because of the following reasons.

1. They see the price of 1 bitcoin and find it expensive to buy and thus don't care to research about it
2. Stocks have a minimum quantity of 1 share and hence they think the same logic applies here

But people are being more aware these days which is why we can see many new people joining the crypto community these days.

I don't buy Bitcoin just to hold but for some reasons and that is to use it in the future, to enjoy spending it online, use in gambling and etc. To buy Bitcoin worth $1,000, I think that was enough and fact that is only the amount that I can afford of. And probably I don't need to have 1BTC on my wallet just to get satisfaction as I already been there.

I don't understand why many where aiming to get 1 full Bitcoin? Maybe it can just be now as they saw that Bitcoin is increasing its value but they don't mind this thing before while it was just only $10k, $5k, or at $3k. I see how it changes, but to see the prices nowadays that seems so hard to get that 1 full Bitcoin unless if we are rich already as we are still afraid to risk more money in crypto.

This misconception happen because they're often buy shitcoins and want to made quick profit. Take an example 1 Bitcoin worth $41.000 right now, if the price increase to $60.000 of course $19.000 is really good profit if you own Bitcoin but if you own little amount you'll only get +31%.

However if shitcoins worth 1$ right now and then increase to $5, literally you already multiply 5x from your capital. They will satisfied with +500% rather than +31% only, but there's a lot possibility the shitcoins price could decrease to $0.1 or $0.0001 (worthless) while Bitcoin doesn't.

That's what they think when they said Bitcoin price is too high.

That's right, no matter how small you have bitcoin with a price increase of 20% you can still enjoy it, but it will be more pronounced if you have a large amount. Keep in mind that in addition to profit there is also a risk that can happen at any time. Having a large amount in addition to having a large profit potential also has a large loss potential. all options are up to you.

In early 2017 when Bitcoin was not really that popular as it is today, I was able to buy at least 2 BTC and if I can still remember right that price was around $500 give or take. Now, at that time, the very reason I bought some was to participate in a program that turned out to be a big scam...I never thought that eventually Bitcoin will grow and grow so eventually I lost my Bitcoin. This is a very sad story of an opportunity lost but I think I am not alone with this experience...so many regrets but we have no choice but to move on. Yes, of course, many people have the misconception that they must be buying at least 1 BTC when in fact they can buy whatever amount they can whether big or small...

Precisely, you got the point. Yes, I started in btc when the price was under $300, a long time ago before I knew this forum. I did not buy at that time but watch the price move. I had money to buy bitcoin at that time but I did not do that.

So with the price now is at $42k, I do not think that people who do not have much money will keep their bitcoin for a long time instead of trying to use their money to buy bitcoin and sell it once the price increase to make more money.

It is normal to see people, and most people do like that because they think they are late buying a whole bitcoin right now. They can have an entire bitcoin because of the lucky factor such as Dogecoin soar so high at the peak price, ICO, IEO, and NFT booming, and the next trend that will come.

But people who have much money and know that bitcoin is the best investment will try to buy as much bitcoin as they can, no matter what the price is, because they believe that bitcoin will reach the sky. And once that happens, they will sell some bitcoin to get their money back and let the rest of the bitcoin in their wallet while waiting for the next highest price in the other cycle.

What should be the usecase or thought if we buy more than 0.1 BTC or less than 1 BTC at a time?There is a maximum number of people who can't vote on any option. BTC doesn't care how much of a maximum amount you buy at a time. The thing is, did you buy any BTC? Or even just one sat.And you say you don't believe that the maximum number of people will see 1 Bitcoin. Yeah, you are right, because all people aren't rich. But there are lots of people who now own one bitcoin. But they didn't buy this 1 bitcoin at a time. They might invest anywhere from $10 to $500. Again and again, they invest and have now become whole bitcoin holders. No matter how much time it takes, if you are buying bitcoins or not, If you are an investor, then you don't have any misconceptions, I think.
This is my opinion. Others may be different. Thank you.

The bad and misconception when you buy or invest in Bitcoin is you think that Bitcoin is a cryptocurrency, asset that helps you to become a millionaire or billionaire after one night.

It does not work like that. You must have patience for your investment and good risk management. The crypto market is too volatile so if you ca not manage risk, you can lose your capital.

Many newbies join this market without experience in financial market or crypto market and they are greedy to do leverage or future trading. I am sure most of them get liquidated by exchanges.

It's surprising to me that the poll results are so polarized, with most people either buying a very small amount or more than 1 BTC. I've never encountered people who didn't know they could buy a fraction of Bitcoin, but I can see from other replies here that, apparently, it's a real problem. Of course, people should be aware that they can invest any amount of money, and that there's no need to be very rich to invest in Bitcoin. That being said, a $20 investment probably isn't worth it because it is highly unlikely to ever amount to anything worthy. Not to mention that often the fees will not make it a sensible investment and will take a big part of it.

One reason why the people I've talked to don't invest in bitcoin is because of its price. The same reason, expensive, blah blah blah. But they don't know the true form of it after the years have passed. They haven't looked at the possibility that the same increase might happen for the next years to come. Well, it is also the reason why I've stopped entertaining people that are asking about it then don't have the courage to invest since I'm done talking that much about how optimistic I am with it.

It is not really surprising because many of us here have been around for a while. Some have been here since as early as 2015 or 2016. So it is easy to believe that they have indeed bought at least 1 BTC in just a single transaction. Bitcoin at that time was just hundreds. It was less than a thousand dollars so a lot of ordinary people could easily afford even more than 1 BTC. But times fly so fast with Bitcoin. A few years later, 1 BTC is already worth more than $10,000, $20,000, $30,000, etc.

It's something what most people already know about, but when we are talking about  newbies or people who have no idea about this. I do believe it's our responsibility to teach them about it.
My whole family is really traditional when it comes to investments, but I made sure to teach even my grandma about bitcoins as well, she knows the basics and she is almost 80!! Even though she can't use it, she has the idea.
My brother and Dad are always asking me if I can invest their money like 20-30$ every once in a while, then they take it out at appropriate times. The whole idea is :  Bitcoins only came into existence in 2009,it's still early for everyone to know about them and most likely it's out responsibility as an active member of the community to spread the awareness since this is one thing that provides financial freedom.
An interesting fact:
Do you know 1 in 10 people invests in cryptocurrencies in today's world?? Which is honestly a huge number.

Plus after the awareness the benefit of Bitcoins and cryptocurrencies can be extended to  tackling corruption in various sectors. Especially the governmental sectors.

Many of us have been around since that time, I have come when BTC touches $1200 and then took a dive down to $300 which a fellow webmaster signals me to buy some. I bought more than 3.xx BTC only to discover it dips more to $200.  I panic, sold, and buy again when it started going up.

The misconception is that people always want to have 1BTC and not a fraction but its just too expensive these days and newbies don't realize they can own just 0.05.

Well! If anyone has that wrong idea with bitcoin, they have it with any asset they want to acquire, bitcoin should not be different, by the way, they have alternatives to gain that path and in that process to the "dream" of having a 1 BTC, going from sat in sat, as you well mentioned.

Having 1BTC should not take away the sleep in theory of anyone who is clear about their income and purchase possibilities and in fact their life priorities, it is a simple rough balance of life, real life, offline, if your income they are not enough to get out of the satoshi in purchase is not bad, it is bad not to access part of the wealth of what supposedly is and will be bitcoin.

Now that you say it OP, I recall instances when I have seen people being discouraged from buying BTC because they could not buy a "whole number" amount at one instance. I tried explaining to them that they can buy smaller fractions but they argued that they would wait for a lesser price.

I cant say I would disagree to the point that buying at lower price seems feasible - true, you would want to do that so you know you would be getting more when you sell. But cannot help the fact that the fiat value of bitcoin is often unapproachable for many users who are coming in new to the market. Not every person is this world is from the US and not every place in the world is friendly about bitcoin.

For them significance of an investment is the amount of that asset that they own and if they only own a fraction of the value then to them that is somewhat of an insult - this is the thought process that I have been able to understand.

This misconception exists only for the people,who are really ignorant about Bitcoin and how the Bitcoin Core blockchain works.More and more people became aware about Bitcoin and more people know that Bitcoin can be divided into bits and satoshis.We live in 2021,not 2011.Bitcoin is famous and people aren't that dumb,at least the majority of the people. ;D
Anyway,it would be completely fine if we could just stop using one Bitcoin and it's price for the main criteria.
Using one satoshi instead would be great,but I guess that everything,that is being sold for BTC will be measured in millions of satoshis,which would look weird.Perhaps one bit is better than one satoshi.

Maybe they don't have a lot of money in the first place and that the money that they have is only enough for their daily expenses, that's the biggest reason why some people don't invest, because they don't have enough money and time.

Impossible that 6 people here have bought more than 1 BTC at a time,,, if they did it before in the years before, then there are 6 legendaries for sure. And none of them would reply in this thread I guess.

I never bought until halfway in my journey. And DCA only and very small amounts of less than $100 :)

Not having a lot of money is crucial for most people to invest in bitcoin because they think they must buy bitcoin in a large amount.
So it is normal if they say like that but if they want to search for more that they do not have to have much money to buy bitcoin as their investment, they will know and try to buy bitcoin with some amount of the money.
If they can divide their income or have free money, they will see that bitcoin is a good place to invest their money for their future and they will not feel hard to buy bitcoin.
Maybe they need to search for more info about investing in bitcoin to start to have a new bitcoin investment.

You don't need to have a lot of money in able to start and invest in bitcoin. As long as you initiated it, you'll keep going and have the mentality of being an investor. But before doing any initiative, they were already complaining which is a sign that maybe they're not really for bitcoin, and they should look for another investment type that they can be favorable of. Well, on that case, they are interested but need more understanding and gut to do it. About time, well, we all have time and holding doesn't require to be focused on it after buying.

Many people misunderstand when it comes to investing in Bitcoin, especially newbies who lack knowledge about the crypto world. Some people
think the high price of Bitcoin makes it impossible to buy Bitcoin with a small capital. If there are still people who think like that, it is better to
study Bitcoin properly, in order to understand at least basic knowledge about Bitcoin. Because Bitcoin can be bought with very little amount of
money, we don't need to buy 1 BTC, we can even buy Bitcoin with $20. Moreover, if we buy Bitcoins regularly, the number of Bitcoins we have
can increase and the profit generated will be even greater. So the first step in investing in Bitcoin is to learn about Bitcoin first, so that we don't
panic at the volatile Bitcoin price.

I can't remember but it could be around the .1 denomination, I was a bit late to the party at that time so I can't buy a lot of bitcoin and I am still a student back then in highschool so there's not a lot of money to be earned.

In 2014, I heard about Bitcoin when it was still under $600. And yes, I have the misconception back then that I didn’t buy BTC coz’ I thought that I need to buy 1 BTC rather than fractions of it. However, I wasn’t serious back then as I just simply signed up for Coins PH wallet and Bitcointalk account and ignoring it for more than 3 years.

If only I’ve understood more about it, I could have bought some fractions of BTC and have made some money when it ballooned to as much as almost $65k after that Elon Musk hype.

The misconception here is that many think Bitcoin is already too expensive to still make a big profit. I heard and read this argument often when Bitcoin was at 1k. So many said, it is not worth anymore to invest into Bitcoin because it is already very expensive and there is little space to grow. Well, today we know there is/was at least 60x space to grow  :) So the question is whether you are now subject to this error again. Who says that Bitcoin's fair value is not 1 Million? Then 20x would be possible.
Also, I would not always think in BTC as a reference, but for mBTC ($47 at the moment), then it is much easier to consider that also $500 or 1000 per mBTC is possible.

I absolutely agree with you that it is better to invest at least a little money than not to invest at all and spend all your money. I also have a small capital now, but I am rather young and I have a plan of investing money from every salary, so I am sure that one day my capital will become much bigger and I will be a real professional. What comes to the issue of small capitals, if you don't have much money, you are to invest your time and invest in different risky assets.

having just 1 whole BTC is just better than having 0.03BTC. even today i wanted to have at least 32Eth while in reality i onky have 1.04Eth left. odd number just dont make me feel good. 😁

newbies knew they can buy just 0.0003BTC if $15 is just what they can afford but having
6 ADA sounds alot bigger than having just 0.0003BTC. the brain tricks its own that misconception  persist.

Big profits and losses all also depend on how to manage the capital you have. When the price drops drastically we will have the opportunity to buy bitcoin at a low price and when the price reverses at the initial price we buy then we will make a profit. The very high volatility of bitcoins should make us cautious. don't put everything in one basket, it's not good. Buy gradually when low prices will be better and then sell at a predetermined target.

They put that into the basis and they're already discouraged to invest without learning more about it. Well, it is that investing is only for those people that have the guts and knowledge as they take the risk.
They don't get discouraged early if they know what they're investing. Unlike other people that don't look thoroughly with bitcoin, they'll be ending up regretting that they didn't invested when somebody told them to do so.

This kind of scenario mostly to be seen on those people who have different outlook towards bitcoin since many of new people coming around think about they can earn passive,fast and easy way to get money from this without knowing how huge the risk beneath on it. We really need to understand the risk since after the earnings will follow but we cannot expect to earn passively that's why its good to discourage young boys so that we will know how huge is their risk tolerance.

We all have our misconceptions before as we are prone to doubt and limit ourselves. The market is too volatile to consider. I also regret it but nothing can happen do whenever I see new coins that might have what it takes like bitcoin in terms of potential and usefulness, I make sure to buy and hold some but still eith monitoring on ehat may happen with that coins as not all altcoins able to gain profit.

Yep that is true for all coins, not just bitcoin. You don't have to own one whole coin. You can buy fractions of the coin and still make profit. You can make turn the fraction into a whole coin if you keep on investing slowly. Even your fraction of coins can worth thousands of dollars after few years. I mean look at faucets. They used to give less than few cents back then. But now those few cents worth hundreds of dollars.

You see?! You could have been a part of Bitcoin earlier before now, except that you never knew that there were fractions. And this is basically what is going on in the head of many newbies who do not understand. I get it many times when I tell people about Bitcoin then, they ask me how much it's worth and I'm like "$40k plus". I try to explain to them but, some don't feel they have it if they can invest $30k but still can't get 1BTC. We need to educate people that fractions are possible and that is basically how most people use it on a daily basis.

Judging by OP's account, he must have already been in the market when Bitcoin was still much cheaper than today's price. So he should not be that surprised when the maximum amount bought by many users who participated in the poll is more than 1 BTC.


OP was asking for the maximum amount of Bitcoin that people bought. If he asked for the minimum amount of Bitcoin people bought, then the winning amount should definitely be below 0.1 BTC.

Well, some people wouldn’t really tell you how much they own, so it’s either that poll is filled with lies or maybe a lot of people didn’t really participate on your poll. What you have said is true, I have seen people who usually get discouraged to invest in Bitcoin just because they can’t afford to buy up to one Bitcoin. It is something that is steadily happening.

When I meet such people I always try to let them know this: that there is no rule that says its must for we all to buy one full bitcoin, you can buy it in fraction and still make enough money from it. Investment is all about whatever you can afford to invest at that moment, you go ahead with it, because if you keep waiting for the right moment you’re going to miss a lot of opportunities.

Indeed we should not tell other people how many Bitcoins we have, because if we are found out having a lot of Bitcoin it is likely to be
the target of scammers. So I'm sure there won't be many people participating in the poll created by the OP. Then we should not be discouraged
even though we cannot afford to buy 1 BTC, because there is no need to buy 1 BTC to be able to invest in Bitcoin. It's true what you say,
we can buy Bitcoin in fractions according to each financial ability. Therefore Bitcoin is not only for rich people who have a lot of money,
but also poor people can buy Bitcoin. Even if poor people can analyze the market properly, can accumulate the resulting profit, finally can get
a big profit.

Never bought bitcoins! However, back in 2009-2010, a client of mine paid me in bitcoins for the services I did. Had no clue about bitcoins so I though the client was a stupid prick who didn't want to pay me for the services I offered. So I didn't care and blocked that client. I did not even care about the bitcoins he sent me, because at the time the value of a bitcoin was under 10 cents.

Now, I have no idea where are those bitcoins, don't even have that email id which I used to interact with my client. I guess I did not have the luck by my side! Otherwise, I would have made millions from those bitcoins..

Anyway, still not interested to buy bitcoins and this time due to its price  :'(

In my opinion, the biggest misconception when investing in bitcoin is always looking at the theoretical high value with their own eyes and ears but they don't understand what are the benefits of owning bitcoin and the real meaning of it. Bitcoins BTC and the safety of holding them. which means each of us becomes stronger by owning bitcoin no matter how much or little it is.
Depends on the budget of each person. I only buy accrual every month

Bought and accumulated a decent amount before 2017 and the max I bought was below 0.5 in one go. I was actually still a skeptic back then because there are still some things that doesn’t sit right with me when it comes to bitcoins. Still bought it and never looked back, and that may still be one of my best decisions in life. Since then, no matter the price, I make sure to buy bitcoins whenever I have the extra funds. I don’t wait for the market to dip, just buy as soon as I can, and hold it for the long term.

BTC is for the community not for specific class that's why it has seen so much growth in 12 years. Its really surprising to see (if everyone voted correctly) that second majority of buyers bought more then 1 BTC. Due to correct investment strategy many small investors become millionaire over night and vice verse. In the end what matters is your strategy not the capital.

at the beginning of the introduction of bitcoin, you may still be able to buy 1-3 BTC, it's normal, day by day, the value of bitcoin is getting higher, and for people who know bitcoin in 2017 and above, they are only able to buy in the amount of satosi

Bitcoin is believed as a best coin in Cryptocurrency. We can see the Success of Bitcoin in past 12 years. Its starting value is about 1$ but today its 40k plus. Misconception when buy or sell Bitcoin, is is real coin or fake will it give you profit or loose if you got scammed these are misconception.

I'm not sure what's with these people that they're aware of that there's no easy money and if there is then that's likely a scam. Bitcoin is no different from the other investments that have risks and don't generate overnight success because it goes through a long time before it goes to a better price. These people's outlook towards bitcoin is different and they'll like more those assets that are natural and having a lesser growth rate than bitcoin. They really have to study and do case studies before dwelling in that understanding and close their minds towards bitcoin.

It is just normal that we do have that perception in mind that owning a whole coin would be great but its true that not all are financially capable to do so thats why we could only buy in small fractions and its true that
when it comes to percentage profits then it would be all just equal on the time that bitcoin do move its price up and same goes when its price goes down.This isnt a misconception  though but people are
really just normally tends  to be greedy even if they arent really that capable on doing so which they do end up on sticking with the reality and soon realize that accumulation would be the best move.

That is why Bitcoin has grown so fast in 12 years, because Bitcoin can indeed be bought by anyone. Even we can buy Bitcoin anonymously, no need
to show our identity to buy Bitcoin. This may be the attraction of Bitcoin why more and more people like it, I've even read articles that children under
the age of 18 always buy Bitcoin regularly every month. Finally, within 3 years of becoming a millionaire, stories like this are also experienced
by many people who do invest in Bitcoin in the long term. This means that anyone can get rich by investing in Bitcoin, the most important thing is
that the strategy we use is good.

when someone says bitcoin is expensive it is something wrong. Years ago when the price was $1000 there were also people who said that the price was high, but today the price is at $47000. we can never think that the price is too high, because nobody knows what the maximum price can be, nobody knows. what each person should do Is invest at the point where they think that when the price increases they will make a profit

Well, they're not wrong though. Even when I first came and $1000 was not yet the achieved price at the time (the ATH was 1400 but this was in 2014 I guess) I felt it was expensive. The average salary for most people in most parts of the world does not even meet that amount, and majority in Africa and Asia even earn less than that in a year.

I agree,,, price is not too high and not too costly to enter at any given time but we all cannot deny it is "expensive".

The term is relative, is how I see it. Depending on how much a person can spend on investment options, it has been and will be expensive.

Not many people want to put their hands in crypto. A lot of reasons are there for this. Not everyone can take the risk of owning unregulated asset classes, when governments are not being lenient about them. After all they need to sell at some point and have exit strategies when it comes to purely trading.

Even if you are hodler of bitcoin, you will need to sell at times - these things need to be clear for the professional traders and this is lacking in many countries.

However I do see changes happening so I am hopeful about the situation and maybe then the conception will change and people might want to start accumulating bitcoin in fractions.

Bitcoin was introduced to me on 2013 but I started when the price is $15k per btc on late 2015. Since I joined I've been kept telling myself that if only I joined my friends 2years ago, maybe my life was more comfortable now because all I see is the price of 1 whole bitcoin and not knowing that I can still buy bitcoin with just a small fraction and use it to invest and make some profit.

Most misconception about buying or investing in bitcoin is that the more bitcoin you buy, the bigger profit you have. But that's not the case because even if the price will increase 60%, everyone who have bitcoins will have their own share and no matter how big or small bitcoins you have, you still have the fair share of increase.

Well if you are honest, Bitcoin has gained so much in the last few years because there have been huge price increases, on the one hand due to wild speculation and on the other hand also because the wealthy has increasingly entered BTC. Bitcoin has not gained so much because there are many from the middle or lower class who see it as a tool to rebel. Such idealistic people exist, they are also the ones who carried BTC in the early days and in difficult times, but they are in the minority overall.

I do not think it is wrong, bitcoin is actually expensive but that is when you want to acquire it in one's but what many are yet to understand is that you do not have to own a full Bitcoin before you can actually own Bitcoin. You can steadily by in fractions until you have own enough to be comfortable with your investment.

Many people rush to buy one whole Bitcoin and when the market volatility comes they panic and sell. You can avoid this be steadily buying in fractions that way, you will get comfortable with the market and with time you can have more money in Bitcoin without panicking not minding how the market is moving.

@Slow_death We can’t also ignore that the price was at one time above $60k but now it came down to $47k. It’s difficult to spend the money that you hardly managed to save holding onto the asset which is highly volatile just to know in the end that the price has dropped significantly.