Bitcoin Forum

Would it be a satisfactory quantity if I had 0.1?

I think majority of people have none.  :o

There is no central authority keeping track of this information and it will be hard to say exactly how many Bitcoins the average person owns but whether or not 0.1 Bitcoin would be a satisfactory amount for you depends on your financial goals and what you hope to achieve by owning Bitcoin. By the way, investing in bitcoin depends on how much money you have available to risk and can afford to lose. Some people are happy to own just a small amount of Bitcoin and some others aim to own a larger amount. It's really up to you to decide what's best for your own situation. If you can afford more than that, then you should go for it.

Whether or not you feel content with this amount depends entirely on your perspective.

At the moment, I don't possess a satisfactory amount of Bitcoin from my perspective, which would be 1 Bitcoin, but I have a strong desire to acquire it soon. As soon as I accumulate enough funds, I will make the purchase and add it to my wallet. I will feel satisfied and secure once I have this goal amount of Bitcoin.

 

According to recent data, there are around 220 million Bitcoin users. In a world of 8 billion people, that's just 2.75%. So the vast majority of people in the world have zero Bitcoin, and even those who have very modest amounts are in this small minority of less than 3%. And I'm sure that out of those who have some BTC, the majority don't have as mush as 0.1, so yeah, it's already an extraordinary amount by all reasonable calculations. When spending a lot of time on this forum, the bubble of people who largely own Bitcoin and care about it can be misleading, as it might seem that most people own BTC and many own big amounts.

I don't think there are numbers that we should confined ourselves, as majority of us here are just average joe and regular investors. What's important is that how much you can save and accumulate in your wallet and how much you have profited already if you have been for at least 1 bitcoin cycle already.

If you are interested on the distribution, you can check it out here:

https://www.talkimg.com/images/2023/11/12/tqDto.png

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

And so everyone can see where you at with that statistics.

We need to know your definition of ordinary people in the first place. I thought you would elaborate on what you meant by ordinary people. Does ordinary people mean non celebrities or or it means low class person?



0.1 BTC is a very good digital. I know you need to have something much less than 0.1 to be a sat millionaire. A low class someone living in developing countries who has 0.1BTC should be considered good.

But it should be clarified for the OP who is a newbie that these are statistics on addresses, and that a person usually has their holdings in several addresses, so it is not useful for anything more than getting a vague idea.


On this I fully agree

Even some non-celebrities and low-class persons own more bitcoins than the celebrities and high-class people because they have chosen to invest in bitcoins strategically, and by use of their strategy, they have been able to gather bitcoins in small quantities over a period that is now accumulating to something big, and more than what a celebrity who has not invested in bitcoin has. It is a level playing field in bitcoins, there is opportunity for everyone which is not defined by your financial level before investing. If you earn little and is able to still find a way to invest well in bitcoins, you will profit better from it than a rich person who has not invested or invested well enough in bitcoins.

No ordinary person can own Bitcoin, they have to go through a long process to determine the decision to invest their money in an asset with high volatility. So ordinary people prefer to cultivate as much fiat as possible and that for them is the easiest way to solve all their needs. However, globally, if averaged out from the total human population on earth, they have at least 0.02 Btc, making them one of the rarest people. That was my spontaneous assumption and could be said to be an example of how to illustrate to ordinary people that they must have Bitcoin in their wallet.

I have to agree with this, if someone want to verify it, just ask "do you invest in Bitcoin?" to 100 strangers that walking in front of you. I'm sure they mostly will say no because they're really don't have it, most people don't really care with privacy, so it's safe for them to only say yes or no, than answer how much they have.

Base on statistic, if you had 0.1 BTC it means you've joined the top 10% in BTC.

The majority of crypto investors have less than 5. I guess that 1-5 is enough depends on your country of origin and your salary in USD

Majority of them would be owned by whales and big corporates as a long term investment but as far as ordinary person like you and me are concerned, most of us might not have even half Bitcoin even if I exaggerate the numbers. Most of us would have been financially good had we accumulated Bitcoin at its early stage and I have known few of my friends who still hold couple of Bitcoins as they accumulated in during 2013 when the price was less and they did the same thing again in December 2019. But that's really rare that ordinary person hodling Bitcoin and just because they invested early it takes them out of ordinary person's league. We might never get the actual number since it's not centralized.

That depends on you. If you are satisfied with it, then that is your goal for investing with that amount of Bitcoin. Everyone probably has different satisfaction levels when it comes to investment, but I think having 1 BTC is quite significant. For the average investor, holding it for the long term could bring happiness. One day, if Bitcoin reaches $1 million per coin, you'll be a millionaire at that time.

First op, you need to clarify which sets of persons you categorize as ordinary people. From my own understanding of what you meant, the ordinary people should be those who are just able to afford to invest in Bitcoin. Just as we know, Bitcoin investment is not restricted to anyone. But there are even more richer investors in Bitcoin and a lot of persons will say Bitcoin investment is much profitable for the rich. 0.1 for many of us here is a huge amount. But that won't be our satisfactory quantity. The idea is to accumulate as many Bitcoin as you can and while you still can.

While many people do not have any Bitcoin at all, some do have some tiny fraction, and I think one of the reasons why it is so is that people prefer to buy something that is whole; A lot of people would rather buy shitcoins just because they can have an enormous amount of it, while they also hope that the price could easily double than Bitcoin. Many definitely want to hoard Bitcoin but the quantity they get can be somewhat discouraging (for some people, not me). There's no specific amount one should have, and there is no satisfactory amount. Every amount is valid starting from the smallest bit (0.00000001 BTC), so just have what you can.

that depends on you

it’s good enough already that you invested in btc you know the rule of thumb is to only invest what you can afford to lose so if that’s the only amount you can invest then no one’s going to judge you for it what i want to highlight however is this shouldn’t be your end goal

this 0.1 might go a long way but let’s aim for more even little by little you can add more to this

most of the people have 0 bitcoin, and I would say that the wide majority has less than 0.1 BTC

They created Ordinals, Inscriptions to steal bitcoins from community.

It is fair enough to assume they don't have much bitcoins that is their root causes to innovate Inscriptions as their tool to get bitcoins. If you want bitcoin, buy bitcoin and you don't have to buy inscriptions with hope that those newborn tokens will have bigger values in future and can help you rich, have more bitcoin.

It is like people believe their initial investments in ICOs, NFTs will help them become billionaires or millionaires.

How many people actually got richer through NFTs?
I believe the majority lost money with NFTs and ended their investments with useless NFTs that even can not be sold to buyers.

Hodling 0.1 Bitcoin is satisfactory if that's what you can afford without breaking your bank, you don't have to follow the crowd and Invest outrageously as they're doing because that's a wrong way to go about investing irrespective of what you're Investing into. Bitcoin is the future and it'll be great if we can accumulate as many as we can get our hands on but you shouldn't invest more than you'll be willing to hodl when the market is experiencing a correction as when you invest more than you'll be comfortable losing, you won't be at peace with yourself when the market is declining and that can influence your reaction by selling too early and miss out on the gains you would have gotten if you were patient and held through the corrections.


We have more people having none than people having the least 1 sat. We're still early in the adoption of Bitcoin so many peoples don't know about Bitcoin yet or they do but don't believe there's any future for the currency. Some know about Bitcoin but consider it a scam due to the way Bitcoin is been presented by their government and other critics. Don't let the percentage of people having Bitcoin or not having Bitcoin determine if you'll Invest into Bitcoin or buy more. Use every opportunity you have to accumulate Bitcoin but while doing that don't invest an amount that'll make it difficult for you to hold and always reverse fiats for emergency and other expenses.

What amount of bitcoin is considered decent really depends on your personal situation.  Someone living in a developing country may feel pretty good about having just 0.1 BTC, while that might not seem like much to someone used to a high standard of living.  I'd say 0.1 is a fair start if you're new to crypto, but hardcore bitcoiners probably won't be satisfied until they've got a full coin or more.  Me, I'd be pretty jazzed to have just a few bitcoins but I know people with much bigger goals than that.  It all comes down to what you're aiming for!  Just getting some bitcoin at all means you're ahead of most people out there who still don't really understand crypto.  But sure, 0.1 is a solid foundation to build from if you want to keep accumulating.

Considering the maximum available number of bitcoins, that we all know it's 21 mln and several of them are lost forever, and the number of people in the world, yes, I would say that simply owning 0.1 BTC is to be considered a satisfactory quantity. For some people it could be a little amount but for many others is a dream.

I also wanted to quote this distribution. According to it, if you're holding anything over 0.1 BTC, you're practically in the top 10% of holders, at least in a way. 0.10 BTC isn't a great deal of money, but it's a relatively decent amount of BTC for the average person interested in cryptocurrencies. However, I agree with your point; the majority of people are holding their coins not only in separate addresses but, most importantly, on exchanges. The majority of daily transactions occur on centralized platforms, so it's quite safe to say that, for this reason, it's practically impossible to come up with accurate statistics on how much BTC is averagely stored.

Haha straight to the point, nice.

TBH the reason behind it is a lack of awareness, people are not educated to recognize their financial barriers, and their thinking pattern is not mature, more on this negative propaganda always keeps putting pressure on people about Bitcoin's reliability.

Still, those who are visionary and recognize how effective potential and influential bitcoin can be in the future, are aggressively accumulating Bitcoins for themselves, and for their heirs. Those who are directly or indirectly involved in the Crypto industry do own some satoshis at least this what i think.

Wot?

That's not true. The majority of average people have less than one Bitcoin. The total supply of Bitcoin is 21 Million only. But there are 8 Billion people in this world. If there are 10% of people want to adopt Bitcoin in the next ten years and each of them wants a portion of a Bitcoin, that will be 0.0021 BTC on average. So having 0.1 BTC is kinda enough after ten years.

If you are an early adopter, try to gather as much Bitcoin as you can. Nothing is enough amount for greedy people. Actually it depends on how much you have today and how much you want to have in the future.

In my opinion, the level of satisfaction of each individual is relative, ordinary people who are new to Bitcoin are very satisfied when they first own Bitcoin even though the amount is 0.0001. It's not about the amount, but about the satisfaction or success of having the first Bitcoin. You may feel satisfied when you have 0.1 Bitcoin, but not others. Humans generally want to have more than they can achieve, but due to limited economic factors they have to cut their desires according to their financial capabilities.

That will depend on your perspective if you’re okay with this amount or not, or you want to get more richer than this or not. This could also depend from the country you come from and the value of 0.1BTC when compared to your local currency. There are a lot of people that don’t have upto 1BTC and they are millionaires in their country because of how valuable the BTC is compared to their local currency. If you would ask for my opinion, I will say it is a satisfactory amount having it from my place, but since I want more, I will want it to be more than that.


Considering it to be good is an understatement to me, it would be considered as great and a very good amount to live a comfortable lifestyle in developing countries. Most of the developing country youths that have already ventured into bitcoin can’t leave it for any reason now because of how profitable it is to them. Joining the bitcoin community was one of the best step I have taken in my life and will continue to embrace it forever.