Bitcoin Forum

My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.

As an investment Bitcoin is a very friendly  asset for the nit so wealthy classes. There
is no minimum purchase amount and each and every one of us gets to hold our investment
if we want.

We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from
the people who need it and into the people who control large portions of wealth.

A bit of a conundrum...

The goal of bitcoin was more to produce a digital ecash prototype that works fully decentralised...

It's not the socialist economy product you're imagining. You can own whatever you want, you could've bought at $220 if you were old enough in 2015 for example - what was stopping you?

If we assume 4 billion people have a constant supply of food and water, then you need 0.00525BTC to have something realistic to hold or use in the future.

For 8 billion people, 0.003btc will be out of reach to quite a lot of them so you could also go with that.

21000000 people can only own 1 bitcoin (population that size is tiny, like 4 new Zealand, less than half of England, 2+ individual Scandinavian countries).

210000000 people can only own 0.1, that's less than everyone in the US.
2100000000 people can only own 0.01, that's less than China and indias cumulative  population...

In 2012, the common goal was 2,100 BTC (1% of 1% of the max supply). That's what it takes to be a member of the "Vladimir Club."

https://bitcointalk.org/index.php?topic=98239.0

Just pointing out, this is a constantly evolving thing. The "target minimum" will always become smaller as the price rises. The trend should be negatively correlated to the adoption curve. It was once 2,100. Then it was 100. Then it was 1. Next, it'll be 0.01......

As far as being out of reach, what we need are Layer 2 solutions (and also physical bearer usage) that allow people to transact in minute BTC amounts and with extremely low/no fees. We're years away from that being realized in a large scale, sustainable way. It's still coming, but we should be prepared for investors to price the future in now.

There is no conundrum here. There is a sad reality, though.

If something is good, the demand for it rises. If the demand rises, the price of that thing is going to rise as well. And if that which is good and in demand is very limited, the price would go even a lot higher to the point that only the rich man can afford to buy a lot and those who are poor can only buy a little. This is the reality that even Bitcoin is trapped into.

The good thing with Bitcoin, however, is that it is available to everyone and in smallest of quantities. And sometimes it stoops down a little and makes itself a little more affordable to the average people. And this early, unlike IPOs, it is offered to everyone interested.

I'm happy with what I hodl at atm, so my op was more a general remark.




Interesting numbers, i know Bitcoin is an exclusive club for those of us who realised its potential early
and with the limited supply not everyone is going to own the amount what they would like.


I guess in the future we will be saying, "I picked up 15,000 Satoshi's today"
I get it that the target ownership will shift as the price rises and everyone will create their own target

People always want 1 Bitcoin so they can call themselves "rich" but this is wrong. When you want to buy Bitcoin, you just buy what you can afford, because buying 1 Bitcoin if you have $28,000 already means that you are "rich" so what's the point? what I'm trying to say here is that you cannot get instantly rich in Bitcoin if you don't know how to multiply it without providing another funds to buy another 1 Bitcoin.

Investment in cryptocurrency doesn't require any particular amount, just like what you have said, but investing now is better than investing next year.

The thing though is, the 1 BTC thing is just a target of many people that likes to accumulate bitcoin. But if they really needed BTC? Like when you're from a country like Venezuela, I could guarantee that it wouldn't matter if you had 1 full BTC or not, what matters is that you hold an uncensorable and easy-to-transfer asset that isn't guaranteed to decrease in value on the daily.

As for bitcoin being more and more expensive(in sats value), that's the reality of markets.

You shouldn't regret now knowing you've had chances to buy it lower at levels where nobody could have thought they'd once be sitting this high at present. It was under $300 once, even $3k was a great deal and it held that range for more than 6 months, so now saying this that it's becoming out of reach is baseless because everything that's ought to be worth something huge one day, takes a lot of patience and sacrifice of some money to be invested in it.

Bitcoin would always be affordable and everyone can always purchase what amount of it they can (with capital they can spare of course). An increase in value does not push it away from any class, as long as demand is still increasing, the value would as well (especially as the supply flow is thinning). Also Bitcoin is not a social tool, it's a peer to peer network, anyone can need it for different reasons.

The ironic idea is, if Bitcoin's value has not skyrocketed over the past years and it was still at a very low price, most people who you claim 'need it' would not be interested. It's the price spikes that makes most aware of Bitcoin.

At first glance there is nothing wrong with what you think is right, because it is proven that people who have 1 Bitcoin are said to be quite capable / rich.
however, remember, when bitcoin first arrived, the principles were useless. You can own many bitcoins, even more than 2 Bitcoin. so the point is not rich or poor. basically everything starts from the cheap price of bitcoin.

Alot of people have the exact impression and they are blaming themselves now but that not the subject now cause it never too late if you can learn from your past mistakes cause the market will still experience correction after this bullish market and thats the moment those that really need Bitcoin increase their holding. However, holding/having 1BTC doesnt make you rich if you don't have the knowledge to secure your holding or profit from the market.

Each of us had a chance. 

In 2009-2010, only an IT fanatic could learn about Bitcoin.  However, in 2013-2014, many IT professionals already knew about the existence of Bitcoin and actively shared this information with friends and acquaintances. 

Who then prevented us from buying some bitcoins? 

We saw the bear market in 2014-2015.  We also saw the 2018-2019 bear market. 

Who then stopped us from buying Bitcoin? 

You have to be honest with yourself.  We lacked faith in Bitcoin and technology.  However, we had a chance to buy cheap Bitcoin.

It does seem that the higher Bitcoin gets, the more it will become a novelty reserved for the richest and it might lose desirability or interest for the average person. Who knows how this will affect the long term value of it, but Bitcoin might just become a commodity that is used to avoid government financial oversight as money is moved across borders. That too could spell trouble for Bitcoin, because governments have traditionally been able to follow large amounts of money moving throughout their financial systems and might get stricter if it is easier to avoid them.

You've just solved your own problem. Bitcoin has no minimum purchase amount. You could purchase as much as you like - 1 BTC is not required, obviously.

Even if Bitcoin was $1, if there was mass adoption there wouldn't be enough BTC for everyone (21M BTC for 8B people). But the minimum denomination of 1 BTC is small enough to currently be affordable by anyone. I have to admit though that fees currently do not make it a good daily driver, especially for less-developed countries.

The price of BTC is ± 26,000 $, ordinary people will not be able to buy it in full. can only buy some parts of BTC. and if they hold btc it seems less profitable. now BTC has become a luxury item,whatever happens we must not force the situation. as an ordinary person, I can only buy duplicates of BTC, namely Altcoins.  for me it doesn't matter, because I need to think creatively about the conditions that have already been.

That's why a lot of people who were able to get their hands on bitcoin years ago are really regretting the fact that they let the opportunity slip their hsnds. Some even go so far as to commit suicide because of this. Some things are really boud to happen and for me, if you weren't able to get it in the first place, it might not e really for you at all.

While true they have no one else to blame but themselves, you did not had to be an early investor to hold that amount of bitcoin, there was a very long period of time in which the price of bitcoin was close to the 3k level so anyone that wanted to buy bitcoin cheap had months and even a whole year to do for extremely cheap prices, if they did not do it then that is on them, remember bitcoin waits for no one and you are either in or you are out and if you are out of bitcoin then you have no option but to hope bitcoin does not skyrocket while you are not invested in it, which is exactly what happened to all of those people that are complaining now.

Why not wealthy person would want to use bitcoin anyway?
It has huge fees so with low btc amounts its practically has no profits.
Someone who isn't operating with at least hundreds of $ worth of btc there is no point to get into the market.
There are far better options like bch or eth

It only seems less profitable if you're only being short-sighted knowing the recent price increase.

Also, it's mostly the ignorance of people when it comes to investing. It's why a lot of people buy coins like XRP because it's "cheap"(totally not taking note of marketcap), with them thinking and hoping that it will be $500 soon or something similarly stupid.

What kind of people do you call needing bitcoin? Everyone who wanted to buy it did so long ago. I think that everyone who believes in him, in his growth, today receive their awards. And the longer those people who want to buy it and still don’t buy it, the more regrets they will have in the future.

What's been mentioned is the reality about the market and the mentality of common men. Looking at the present growth and the level of adoption happening around everyone gets interested, but very few are with the ability to afford a single bitcoin. As said in the OP, it is possible to buy with what is available at our pocket. Everyone are aware and trust in it. So, we can't term it to be out of reach. It has grown high that has made it more of an investment for the elite group people.

While we wanted to have 1 bitcoin ,we fail coz we lurk around in other coins to increase profit and so we can buy whole BTC.

But if we are just buying little by little each time, i think all of us has already the 1 btc we all desire.

don't waste time in altcoin,focus in BTC accumulating .

Reaching to your desired target would be a very challenging attempt. It would be dependent on how you manage your bitcoin as well as on how lucky our break was. Luck was already a big factor to begin with but this variable is not that certain because it is very unpredictable.

The reason that it is out of reach is because most poor people do not know about bitcoin and they do not even have the money to invest in the first place, most poor people live of a daily life with only 1$ here in my country and most of them are out of touch in technology so who is to blame but the people that put them in that position and themselves. It is hard being poor because everything that you do not spend on grows in interest. If we help them get through and give them a portion of bitcoin to hodl themselves and buy it from them when the price increase then it will be for the better.

its a standard thing that people wants to own a 1btc not only on the current price but even before we already wanted to own a 1 btc because price of 1 btc is still large back days and it feels like an achievement once you own a  1 btc .

 now that price is verry large , i think dont want to own a 1btc anymore but a half or three fourths of it will already be enough for me to become a millionaire and if a person badly need it they must make a way to obtain it . theres no excuse

I guess targets like that are made by people who want to keep buying cheaply whenever there are dumps, in anticipation of bull run like this. Anyone could do thesame thing in order to buy cheaply and have more bitcoins.
 In my opinion, if Bitcoin continues to be deflationary, most/all patients investors will still benefit from it in proportion to their investments. So it doesn't matter how much bitcoin you can afford to buy with your money, if price increase, your investment will increase in similar percentage as any other investors.

yes you are right, if it is said out of reach it means that at least 1 bitcoin is purchased, even though in reality it is not, the market allows someone to buy bitcoin according to the money they have. for example buying 0.001 btc and it can still be owned.
so it's not quite right if there are statements out of reach

Yes most of us are aiming to have at least 1 whole BTC,
But does it really matter if we couldn't reach it right now?
Yes BTC is becoming so expensive or too much for most of us but it doesn't mean that we have to give up on it.
As long as we could save even a small amount regularly then for sure one day we could achieve it and gain what we are aiming for.

Well, unfortunately getting 1BTC is not as easy as imagined and when I worked in a company that only provided for my life for a month, in fact it made it difficult for me to get 1BTC even though every month I set aside money to buy a few satoshis. This also happened with my younger brother who previously didn't believe in investing in bitcoin, and when the price went up he became FOMO and at least that's what most people do, buying when the price is pumping up every day.

Not that as you think. No longer our concern if time after time the price hikes and an average joe cannot avail to have 1 whole bitcoin. It is divisible into many decimals and they can still buy it based from the amount that's available on them.

The price has surged a lot and it is still recommended to continuously accumulate through dollar cost averaging. A person that wants his hands and has a goal to have bitcoin, he'll do it consistently.

I'm a bit confused into where did you get this statement?? In the past then yes there is a target BTC that people want to own but as of this moment, is there really a minimum amount of Bitcoin that people want to own.

As per my understanding, as long as you are owning Bitcoin then you are good. 1 BTC is achievable though if you are rich then you can just buy it or if you are a professional trader then you can get more than 1 BTC. It doesn't matter if you are owning lower than 1 BTC. Your understanding is wrong and you must change it :)

It is stupid of them to think that they should own at least 1 Bitcoin. In reality, it will be almost impossible. Like jackg said, there is 21 million cap and if everyone decides to hold 1 BTC, only 21 million people will be users of bitcoin.
Bitcoin is not out of reach and will never be. You can always invest in fractions of coins and still make the same profit like you would when the price was lower. You can also accumulate bitcoin overtime and maybe eventually reach your one whole coin target, but that is not necessary. If you still wish to hold whole coins you can try investing in altcoins.

I do think that not reaching 1 Bitcoin is a lesson that we all should take to the heart, this serves as a reminder that what we could've owned a lot for 20 years ago could've been the catalyst that will change our lives, a reminder that doubting the potential of something or someone will not get you far. You could still get 1 Bitcoin, it is not impossible at best, you just need to have a patience to find the right time to buy one because the market is volatile and prices could go down.

There are no conundrum in Bitcoin, because everything is very clear. And indeed Bitcoin is very transparent, maybe what makes Bitcoin
out of reach for some people is because not everyone can buy Bitcoin in large quantities. The price of Bitcoin goes up, the amount of Bitcoin
that will be obtained will be much less, this is indeed the case and must be accepted.

So if you want to have large amounts of Bitcoin, you have to become early investors or rich people. Maybe another solution to be able to collect
a lot of Bitcoin, could be accumulating Bitcoin. Buy Bitcoin little by little, that way the price of Bitcoin can be more affordable.

Owning a full bitcoin is now not only out of reach for the poor but now it is also out of reach for those that are middle class in developed countries, but as I have said those people had a full decade to realize the economy is a total scam and they are the ones that are the most affected and yet they did not took the time to do it, and now they are the ones complaining about having not enough money to buy a full bitcoin when we have been warning them this day will come.

It is not pushing away, but its value increases. People who are in the lower bracket of income can still buy fractions of a Bitcoin, they will still get the same benefits of Bitcoin, but proportionally to their allocation.
1 BTC is a lot nowadays, but 1 mBTC is not that much while 1 satoshi is accessible to anyone. This is the beauty of this currency, everyone can participate in a decentralized distribution of wealth. They can keep it or send it forward. It's all part of the blockchain aka the history of transactions in our society. Quite cool if you think about it.  ;D

Besides even it is not 1  the fact that we were able to have BTC before the price started to arise and make this ATH is already an advantage for us since we were able to buy BTC at lower price and gain profit or more profit during this time. Those who have more and have more than 1btc also deserves the profit since for sure they also waited for the price to reach these high same with those who have it before these pump.

I know how some of you might feel about the price, but many years ago people predicted that if Bitcoin ever succeeds it will be impossible for most people to even own 0.5 bitcoin.
We will never have 21 million bitcoins in circulation (unless we fork to make it so) as at least 2 million is already lost and more will be lost over time. How many will we have in 10 years? 16 million real usable coins? IMO we should accept the reality that 1 mbtc is a lot and by holding it you are in fact holding bitcoin. Don't make a mistake of thinking that without a full bitcoin you are not a bitcoiner, a holder, or that you will never make a profit.

Correct, in fact this was known from the very beginning, when satoshi exposed his idea some of the early adopters basically told him that each coin will have to be worth tens of millions for bitcoin to work and while we are far away from that goal it seems that slowly but surely we are reaching that scenario, so people need to understand that if in the future bitcoin was really adopted by every single person around the world the average amount each person will be holding is 3mBTC so as long as you are holding some bitcoin that could be enough to improve your life significantly.

its out of reach when the value is expensive but if you have the money and you want a fast way to own a 1 btc the best thing that you can do is to wait for the fall of the value

but we must know if what is our purpose of owning a 1 btc because its useless that you will sell your 1 btc weeks or months later after you finally collect it .

 it take you a long time and it takes hard work and patience . we need to value every goals that we achieved

I can second that. My goal is still to have 1 BTC but now with BTC being at 35,000 USD it's getting more and more away. Also when you lose money in gambling it's hurtig your crypto portfolio a lot. Actually I wanted to switch some of my alt coins into Bitcoins, but at these levels right now it's just not possible.

You can keep making effort to own the bitcoin of your dream. I was really thinking how possible that is to own bitcoin if you don't buy it until I saw you talked on gambling. Yes with gambling, you can grow to have a bitcoin. We don't need to allow obstacles on our road to stop our aim. Despite we lose money while gambling, we can still succeed in it if we are determine and learn how to gamble. No success story that is sweet all through in the start to ending of it, so you can keep trying on it.

1 BTC is only a number. If you have been lucky enough to reach that glorious threshold, then good for you! If you don't, avoid getting haunted by the fact that having a full coin today is rather out of reach for the majority of people! Keep stacking sats, if you can, and always have the long-term in mind.

Do ordinary people need Bitcoin?  This is a difficult question. 

Bitcoin is not an anonymous or private cryptocurrency.  Ordinary people usually do not have the technical skills to use bitcoins anonymously.  What then is bitcoin better than a standard payment system? 

Or are we talking about trading speculation?  Bought cheap, sold dear?  However, the source of wealth must be labor.  It is the creation of something new that should bring wealth. 

Bitcoin can be a great global reserve currency.  In this capacity, he will benefit all people.  There will be more order and less chaos in global finance.

Everyone is interested to get at least 1or 2 btc irrespective the price or it increments I believe who ever that have money can equally afford it, I know that it will deprived low class of people who are not financial buoyant enough to purchase the list, one bitcoin since the price is getting accelerated everyday as compared before, such as 2020 march last year bitcoin was extremely low and it was affordable to everyone, but what i vividly know is that irrespective the price at list who ever that have intention of 1btc can equally buy half btc, so called i it revolution in bitcoin marketcap.

1BTC or more are the target of many people, many people are striving for that thing and as usual, it is not that easy to accomplish which requires you a lot of things to do first before gaining that money. Even though a normal person who doesn't know anything about the crypto world and then heard something about the value of bitcoin would be interested in it.

Investment is good for earning money, buying 1 BTC and hodling it for the long term is such a great idea, just make sure you know things about cryptocurrency and you are using a legit wallet.

When you said that there is no minimum value to buy bitcoin then how can we say it is actually becoming an investment only for rich people.Even though bitcoin was not created to make the poor people rich still there is no intervention for people to buy it with whatever the money they have.

More the price then more the profits will be for someone who entered into the early days so someone want to get such advantage then they also should become ready to hold for very longer.

1 bitcoin seems a big target if we based on the current price, of course it's not easy to achieve 1 btc unless you have a capital ready to buy bitcoin. For me, I will just wait until the price will start to dump, then I will start to accumulate, I may not be able to do it one time but I'm certain with constant accumulation at the right timing, I could make it happen.

I feel like the best and most obvious situation is that if you buy according to your own wealth, you will get as much profit of it as others. So, what is the difference between very rich people and poor people? Poor people had no say in the stock world, the very rich made money when it was going up or down didn't matter to them, if stocks went super high they got rich, when stocks crashed they got bail money and got rich anyway, so at the end of the day they were always rich, whereas poor people missed out and never got bailed out.

In this situation when we are talking about crypto, if it goes up 10% it goes up 10% for everyone, if it goes down 10% it goes down 10% for everyone. Which is why the poor and the wealthy are alike in the crypto which is the greatest thing about crypto. I personally really like it because of this and that is why I invest to it.

Yeah, I have the same attitude because just dreaming about having 1 bitcoin will never help you achieve it, so put the head down and start working. I take my inspiration from Elon Musk as he is the richest man in the world now but still he works hard every day without thinking about his wealth. I am trying to do the same on my own level and I earn daily, save daily and dream big.

But mark my words if a dip happens by any chance anytime soon, I will buy some good amount and I believe everyone who has been waiting will do the same because the price attains its original value sooner or later so a dip is the best time to buy.

It is true that now being able to collect 1 Bitcoin is very difficult to reach, even I have tried to collect Bitcoin every month. But it has been 3 years
that 1 Bitcoin has not collected, because for the past three years the price of Bitcoin has continued to rise. So collecting 1 Bitcoin is out of reach.
But this situation did not make me give up on being able to have 1 BTC, I don't stop collecting Bitcoin from various sources. Because I believe
my target will be achieved one day, most importantly try hard as much as possible.

There is no rule or law guiding the avoidance of a set of people to hold the coin for how much and the worth. You go for the coin you want to get and is not out of reach of anybody to get as far as you have the money and the mind of investment.

Nothing wrong with gambling if that is what you like to do, but if you can try to gamble your fiat and not your coins, fiat losses value over time while bitcoin gains it, it is not rare to find in the forum people that regret all the money they lost while they were gambling and I have heard stories of people that could actually be rich right now if they just kept their coins instead of gambling them away, so while it is a slow process keep accumulating satoshis since that is the only way to eventually get a full bitcoin.

The opportunity to accumulate BTC1 is increasingly difficult, although not impossible if you have the patience to buy bitcoin by easy stages throughout the years.
The strategy remains the same, buy the dip and sell at the peak if you believe history may repeat itself, that bitcoin could reach $100k and the time will come when bitcoin plummet after reach the peak. Even someone who sold at $40k yesterday can save $10k to get bitcoin at a lower price if he manages to buy the dip at $30k.

And in years in future, the current price will be seen also as cheap price to buy because it will be risen high soon and more people who have delayed to buy will start to regret ;D It is always said that the best time to buy bitcoin is when you are ready and made your mind to buy. The price will keep fluctuating and more high and low will be reached.

That was the same mentality most users had when become was below $5000, they wanted to wait for more dump below $1000 or whatever their targets were before they start buying which didn't happen. The issue is no matter what price bitcoin is trading at, people will still be skeptical and wait for further drops before they start buying which might never happen.

Irrespective of what the price of bitcoin is you can accumulate 1 bitcoin if you're determine in owning it. It might take you more time than previous years when bitcoin was low but you'll definitely get 1 bitcoin at the end. Just keep accumulating as many satoshi you can and protect your savings by making use of recommended wallet that gives you control over your private keys.

You can learning trading as well as that's another way to accumulate satoshi through outsmarting the market. One bitcoin is never out of reach, and the sooner you get your hands on one, the better as with time the period for the average joe to be able to afford one will increase.

Well, it's not unexpected though, is it? Why was the minimum we wanted to hold is 1BTC ?! Because obviously we all wanted Bitcoin to rise! And it is doing the exact same thing as predicted, it's rising and is going beyond expectations even! People who purchased it at the correct time and holding are having their fun and golden time now ;) but I think it's never too late, Bitcoin will go beyond our expectations even more! So we should get it as much even if it's not 1BTC!

Very surprised you make this post, you are a Senior member and I believe your understand of Bitcoin should be better, you don't need to hold one Bitcoin to make money, if you can afford 0.1BTC buys it and when the price move up, your investment move up. It is not a game of number, we are getting to a stage that it will be difficult to have someone said he/she wants to sell 1BTC because the price will be more than $100k very soon

That is exactly my goal as well. I do not care about the price of bitcoin, I want to have 1 bitcoin in the end, and in order to do that I keep investing money into it, right now I do not have anything close just yet, but I also have alts and when you take how much bitcoin they would worth today into account plus the bitcoin I already have, I am not that far away that way. So long story short if you want to make money from crypto, you can't just keep waiting and waiting, you have to get in, you have to keep being involved and grind.

If you make a purchase today, and price goes down, you could easily just buy some more later when it is cheaper, it went down even more? You can keep doing more and more of this the same thing. For example if you invested in bitcoin this way for the past 1 year, you would have been pretty rich by now, but if you did it on XRP there wouldn't be much change, so you have to pick a decent coin as well.

The actual maximum value of bitcoin is only 21 million so it is not possible for everyone in the world to reach such an amount into the investment portfolio and bitcoin was also not created for the purpose of creating financial equality in the world. But one who invests the money which they have in their hand will be happy with the returns they can make in the next 10 years.

Well, we knew this was coming which is why many people were accumulating all the bitcoin they could like crazy because they knew that at some point it will become impossible to get one bitcoin by buying it, right now the price is at the 36k level and if we discard the one percenters who has that kind of money in a bank account to invest in bitcoin? The truth is that not even those that are high middle class have that kind of money and as such investing in bitcoin is very quickly turning into an investment only for the rich.

$36k is definitely not high middle class.  High middle class has high 6 figures or low seven figures saved, buying bitcoin at these prices isn't easy as pie, but it wouldn't prove any huge impediment if they wanted to buy at this level.  I think you're grossly underestimating the resources of what you've termed the "high middle class."

It's “shocking” - something expensive can afford people who already have money for it that they have already earned! How did this happen? It is not clear...
You do not complain about the classic market that Microsoft or Apple shares are worth so much that makes it already difficult to buy them for low-income segments of the population (3rd world countries). And you don't complain about the fact that a Tesla car costs so much that a guy living in a trailer can't buy it.
You yourself have made BTC so and now complain that because of its price, new members of the community are repelled. Well, you wanted a big price of BTC - get it

Just wait a little bit. We are in the current bull trend so expect that it would be harder to gain even 1 btc due to current market price. However, I do believe that it will be going to fall down any time soon and we will going to wait sooner. This is my opinion just like what happen to the last bull run. If there is an ATH then we can record all time low too but we need to wait and follow the bitcoin market trend.

look at the post below yours, the user posts exactly what my thoughts, to own 1 Bitcoin,
that is the target, and still is for many people but in this bull market we have to find
extra ways of achieving this task, its a chasing game for many.

I know we dont have to own 1 Bitcoin, in the not too distant future many people
will be thinking more in Satoshi's because 1 Bitcoin will be out of reach forever.
You misunderstand my post.

I think most people think Bitcoin will be different than any other commodity or currency when it comes to wealth distributiion..but it is not going to be any different. People in the Fiat system with a lot of wealth, will have the ability to buy a lot of bitcoins and the people who are poor or middle class... will probably never own 1 whole bitcoin.

The best way to reach that goal, would be to tackle that target with determination and doing it 1 satoshi at a time. (Wealth is acquired over time, in most cases that does not happen over night)

So buy small amounts every week and work for bitcoin as a payment and you will reach that goal.  ;)

Exactly and then it might become a challenge to own 100mBTC and that is why these terms have been induced because as the price increases people start talking in mBTC and if it goes even higher we might see satoshi as a big deal too ;D in future

I can give you one advice since I have been a gambler too in past, never ever let gambling affect your trading/savings balance because it never lets you grow. I still gamble but occasionally and never let my gambling disturb my trading portfolio.

People have an obsession with owning 1 BTC but even having 0.1 BTC is worth in coming 5-10 years I suspect.

AFAIR, when bitcoin hit $5000, that was the time when bitcoin was coming from an ATH which is $19k, and yet people are still thinking to accumulate at a lower price, well, it's their decision and they were wrong. For me, since bitcoin reach $40k already, I believe a correction is necessary and it's more likely that bitcoin will dropped below $20k and IMO that's the best timing to accumulate bitcoin, if we will not see the price below $20k, then I'm wrong.

@Questat, For the majority of people who are not experienced traders for example they dont
know what way the markets move from hour to hour or day to day.

Holding out to wait until Bitcoins price falls to $20k is the same as those people you talk
about when Bitcoin was at $5k.

Its risky to hold for big 40% drops, they might not happen and you miss the chance to "buy
the dips" which is a popular strategy for a lot of us.

Depending on financial circumstances you might not be able to get 1BTC but we can all
focus on obtaining as many Satoshi's as possible

Take it or leave, the rich are always richer and despite the fact that bitcoin is meant to be decentralized system, it's still been manipulated by those who have more access to bitcoin and the whales who control this market.
Sometimes, I have this feeling towards bitcoin for it to fall or crash, yes I do feel that way because a time is coming when bitcoin will no longer be something for the ordinary but just the same way the government controlled us.
I see bitcoin as something likely be of big fish by high profile people in years to come.

The point of your post talks about investment and therefore it's not really for everyone.

Some people will hold at least 1 bitcoin to ensure their future once massive adoption happen, but did we realize that we still need more users than investors in order to gain a massive adoption, and in this world, majority are users and few only are investors, so I think it's on the decision of one person whether he will own bitcoin or will just use it solely for online transactions. Regardless of the amount you hold, that would still make you profitable as bitcoin will continue to rise as the demand continues, but if you aim to hold more, just buy consistently until your reach your target.

Bitcoin is for everyone, it is the best digital cryptocurrency that is accessible in any status that you are in.

Even if bitcoin is volatile, still people are making it as a safe haven because they think that bitcoin was made for that.

We have different perspective, purpose, and goal to wards bitcoin. We need to deal with the reality that if there's an investment, there's always risks, questions, and doubt that we are going to experience. It is open for those who are willing, those want to believe in its potential to help your grow as an investor.

Bitcoin for different kinds of people means different. For the rich it is a long-term holding tool for saving money, and for the poor it is an opportunity to make money

I don't think that was the point of this post, OP might be stressing the point about bitcoin being a medium for people to become financially free but this thing gets more blurry because the prices are continually rising leaving those that need it in the first place behind, everyone can invest especially with bitcoin, a simple hodl is enough to make someone some money if they have the money to spare back then to invest. I think I get what OP is saying, I do sympathize with that fact but we have to understand that opportunity only knocks but never opens a door, it is in the people if they want to open that opportunity.

Sorry those who need are already in the ship and moving with it. They understand it and won't delay in investing at a bear opportunity. Within last year bitcoin was very cheap, those who are scared and spreading fund stayed away but those that had the courage to invest cheap are those enjoying the bull and they are exactly those who need it.

I agree with you. It is never too late to own a bitcoin or any amount of bitcoin because it is the future of technology. IN the couples of years, we can witness bitcoin in our economy system even though currently, many government try to discriminate it from any form of payment

And, bitcoin goes the same as my expectation despite suffering so many dumps in the past. In fact, it hit most of my targets faster than I think. Bitcoin is truly a disruptive technology we are all looking for

I wouldn’t say it’s out of reach. I don’t see where it’s written everyone must buy one Bitcoin. I have seen a few people who tell me that they can’t afford to buy Bitcoin, and when I ask them why I find out it’s because they have plans to buy 1 BTC, and since the price is now high they any afford to buy it anymore, so they give up hope, which is totally wrong.

The most important thing you have to do is not to buy one Bitcoin, but to buy Bitcoin at the right time. Let’s say that you have only $1000 and you bought Bitcoin when the price was at $4000 before it reached the new ATH of over $40,000, you will have over $10,000 now for free.

Its not written anywhere that everyone should own 1 Bitcoin, its impossible anyway
with its limited supply. Its also worth considering when Bitcoin was valued at $5000/$8000
the people who thought they could reach their 1BTC target saw it shoot off into
the distance, at $34,000 its suddenly completely out of reach for them.

They should realise of course that it is only their target, it will have to be readjusted.

1,000,000 Satoshi's
10,000,000 Satoshi's

Maybe if they will buy it as a whole, but if they will slowly but and complete it to a whole bitcoin, it's possible. Also, bitcoin will not always be valued at $34,000, time will possibly come that it will dump again like we witnessed in the past, so maybe wait for that instead before start buying.

Of course, the price will fall and let's hope that not at times like in the past. However, many people on the contrary would dream about it in order to have time to get on the outgoing train. Another question is to what levels the correction will occur and how long you need to wait to start buying, because instead of winning, you can lose and not all people have enough patience and faith.

There is nothing like pushing it away from the people who need it, rather people are the ones who make it seem difficult by putting the burden upon themselves that they are going to buy 1 BTC. Some people don’t invest because they don’t have money to buy 1 BTC, so they decide it’s best that they wait till they have enough money to buy it, which doesn’t make any sense. Those people you’re talking about, if they invested in Bitcoin at a cheaper price than what it is now, they will also want it to increase to a big amount. Bitcoin is not like NEO that doesn’t have fractions, you can buy in fractions for any amount you have.

What do you mean by you cannot by in fraction?
1 bitcoin is not the minimum, you can buy 0.001 btc if you want, slowly accumulate and increase your holding.

1 bitcoin now is equivalent to 37k usd, that's too much but if slowly you'll buy with a fraction of it, you'll not feel the price and we can afford to buy it.

You still can have a gain or profit at this current market price if you can take the right timing and right decision. There are a lot of small dumps that are happening and I think that is one of those right time to reinvest or invest. Even with those slight changes, you could make a profit and if there will be another dump, I don't think it will be that low like in the past.

Honestly people should stop with their obsession about owning a whole bitcoin, bitcoin can be bought in fraction and why people still fussing over it just making me shake my head.
It doesn't matter if you own a whole bitcoin or just a fraction if price went up you gonna get profit. Bitcoin is not like paper money where once it got torn off it has no value anymore unless you go to bank to trade it. Bitcoin is valuable doesn't matter how much fraction you own.

I know it's out of our reach; however, bitcoin isn't about purchasing the 1 BTC and hold it. It's about the twofold your contributing by putting your low sum. Individuals frequently use bitcoins to exchange and make savvy benefits with them. For me, just a tycoon can purchase the 1 BTC and make a benefit by holding it for a decade. There's no restriction for bitcoin speculators. You can contribute as much you're bearing to lose.

This is also what I've realized when I sold a particular altcoin few weeks ago. I bought it at 0.014btc each 2 years ago and at that time its fiat value was equivalent to 140$. I sold it recently at the same amount in fiat value but the equivalent amount of bitcoin I got is not the same anymore. Having 1 bitcoin gets harder to earn as its price increases. The value of most btc/alts pair gets smaller compared to what it was few years ago but its USD value is still the same.

Yeah that has been the case for few coins nowadays, back in the day it was only bitcoin that was hard to handle, you couldn't buy a whole bitcoin, but nowadays there are a lot of people who fail to get ethereum neither, or even maybe binance, after all it is not simple to get that type of return.

Long story short all I am saying is that people could buy in fractions, when I first started in crypto I have collected those fractions to reach my first bitcoin, you can't have 1 bitcoin without first having 0.5 bitcoin (unless you are rich of course) and by that logic you need 0.25 to reach to 0.5 as well. Think of it as savings, have a goal to have 1000 satoshi per day and that seems more possible, and if you can do that you could reach 1 bitcoin in no time. Plus investing what you have into other things to grow them faster than bitcoin can go up could help too.

Can really make out some effects but not really that much unless if those big bitcoin holders like companies/whales/institutions would tend to make the same step
which will really be affecting the market but it doesnt matter though because we know that recovery is always next on the line.Also, rather than seeing this
as the end of the world then its better to see this as an opportunity instead and dip price doesnt mean its over or dead but rather this is a chance for
people to buy or accumulate cheaper compared to those high prices.

There are 7 billion people (almost 8 bi) in the world for only 21 million bitcoins. Don't expect it will be cheap for each person to have 1 btc under their control. That is why early adoption was important.

Probably few hundreds of satoshis will be too much in the future, so don't get bothered by market corrections and price fluctuations. There are a lot of people interested in bitcoin trying to accumulate maximum coins as possible as they know demand is increasing and it will only become harder and harder to acquire bitcoins.

Looking at it that way you are right. But it was necessary for bitcoin to increase in price due to the demand from large investors. If the situation were different, bitcoin will show the volatility to which we are already accustomed. Now it is different the volatility is lower and more manageable.
Still bitcoin is for everyone not in large chunks but we can still own some of the pie. I just want us to enjoy cheap and fast transactions so that bitcoin is perfect for everyone.

I always think and look at it like you said. There is no reason one should feel satisfied if he owns 1 BTC @$5k and not if he owns 0.1 @50k because it means the same. If such was the case, one should have just saved 1 TRX, 1 XRP, 1 DOT, 1 ETH, etc but that's not how it should be calculated and the value of an asset determines how much its worth owing it, not the size we own,.

To those who just can't live with the fractions, think like this as I think when I am gambling, I usually look at my bets in satoshis just to feel more satisfied when betting 0.0001, I feel like I just made a bet of 10k satoshi which then gives satisfaction while if I think like oh I just made a bet of 0.0001 it sounds low, in reality a $5 bet is quite big for me.

So if you own 0.01 or 0.1 BTC and you feel bad that you can't own 1 BTC, just imagine that you have millions of satoshis and one day even a single satoshi might be very valuable.

One of the reasons why Bitcoin price is rising is a limited supply! With limited supply is easy, as demand grows the price will grow as well! And of course, as the price grows, it will get out of reach for many of us! Now it's pretty expensive to buy the whole Bitcoin!
But what's even more interesting is what will happen with many other good projects that have a limited supply?! Can some of those projects make something similar to Bitcoin in the future? Is there a project that can do that?

If you are really aiming to work inside then taking a piece each time you've got the opportunity to buy is still possible,
investors who are aiming to grab this opportunities is always welcome.

The demands coming from large investors might affects you in terms of value but if you really wanted to join in, you
always have the chance just take time to review and research before investing in.

But I can tell you, when you own a complete bitcoin, it just feels great and honored to even hold it for long time. I have been saving all the possible money I can from working and savings and I purchased bitcoins whenever possible, now I am a proud holder. I don't have such awkward superstitions that I should hold in round figure but yeah I always had a dream of having 1 full bitcoin and I can say I am proud I own it.

Yes, someone with a big amount of coins can dump the market but only once because once they have sold their coins and bring the market down, it will slowly again rise and get back to the normal value but that big whale is then gone forever.

The institutions keep buying bitcoin on every dip which makes more demand and hype for bitcoin.
I am sure we will see bitcoin above 60K very soon.

https://i.imgur.com/FRFq5b9.jpg

^^ Yes, bitcoin reaching $60k is possible, but then again the topic of bitcoin going to the few wealthy and not to average joe like us has some point by the OP it's because the price is really expensive and could be out of reach for the majority, specially targeting that 1 BTC.

However, when I look at this chart: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html, seems to be the majority is in the range of .001 BTC-.1 BTC. I think this should be the goal, and not try to join the elite club of 1 BTC, just saying.

The high price of bitcoin is not really a big problem for those looking to invest in it. Everyone can start with a certain amount of satosh that they can buy. Even with a bitcoin price of $ 60,000, one dollar can buy 1,666 satosh. With the price growth of bitcoin, its price proportionally grows and its constituent parts - satoshi. So far, everyone can catch this train. True, no one can say how high he will rise. It all ends someday. The main thing here is to jump off it in time.

You should know that bitcoin is way expensive than what it was back then when it all started. If people can buy bitcoin now even as expensive as it is, then I believe people can always buy bitcoin.
Satoshi must have known that with time bitcoin would become expensive and so many won't be able to afford 1 unit of it and that's why he made sub units of it. Now everyone can buy any units of bitcoin no matter how small it is which is what Satoshi intended for.
So there really is no conundrum. The 21 million supply of bit
coin can always go round

Owning Satoshis is a good start into the crypto world, but once you are around for a few months your target will probably switch to own atleast 1.0 BTC. I don't know why, for me it is exactly the same. Sure everybody can be part of the crypto community, but it all depends on having a target we go for, it's the same as with saving money for a new car or a big vacation. Even though bitcoins are so expensive at the moment I will try and build my portfolio up if I have FIAT currency I don't need right now. The same goes for gambling or buying alt coins, I will rather use FIAT than my bitcoins. It might be a long road to 1.0 BTC, but if we are determined we can all achieve it eventually.

Many people want to have a big amount of bitcoin because bitcoin is one of the good investment that anyone can have here, because if you have atleast 1 bitcoin you will become rich because bitcoin price is so expensive and still going better.

Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.

Everybody can buy whatsoever amount you are capable and willing to buy. I have not heard about having a minimum amount you must buy so far. Whatsoever amount you have will be converted to the amount of bitcoin what at the present point in time.

We are already at nearly 63k dollars, another ATH, and people are still talking about how people can't own 1 bitcoin anymore. It is not about owning 1 bitcoin anymore, it is more about how you can buy any amount of bitcoin you want and still can get richer. I personally bought less than 1 bitcoin a year ago and that was the best financial investment I have ever made in my life, that's really proof that you do not have to own 1 bitcoin, you can buy as much as you can afford, buy 100 satoshi, buy 10k satoshi, buy anything you can afford and you will profit from that.

Financial freedom doesn't start from having a lot of money first and then making that money into even bigger money, financial freedom starts from the small 20 dollars you put aside that gets more money from you and the investment all together, do not assume that 20 dollar will not become big amount, just work towards putting more 20 dollars beside it and hope that goes up.

the opportunity is always there. if bitcoin is too hard to grab, there are still many potential altcoins to use. Moreover, the market is bullish, look for potential projects, if you can join an early stage sale, or participate in a binance token listing, prices can usually increase many times over. it is risky so make sure you are prepared for the worst risks.
anyone can take advantage of this opportunity, don't be discouraged, use the existing capital to the fullest.

Yes the dream of most people is to have at least 1 Bitcoin. But, why would you even buy a whole 1 Bitcoin when you can buy it in small number and then increase it time by time. It's much better in my opinion rather than saving your money just to buy 1 Bitcoin.

It's not about a minimum amount you have to buy but more a psychological thing: no matter how much BTC is worth, at least you wan to have 1 BTC and not some mBTC.  I remember back in 2011 when I started mining it took me some days to have earned my first BTC – that was somewhat magical and it was "only" worth some 7 or 8 USD at that time.  Don't underestimate the magic of having at least one coin rather then some mBTC.

everyone wished when something had happened. just like bitcoin, when the price is low or even there is a bubble, people are worried about buying it. but at times like this, many people would fantasize if they used to buy, and now might be rich

If you’re going to keep waiting for when you’re going to own up to 1 bitcoin , then you’re going to keep waiting until it’s very late for you to get in the train. If you know very well that you want to one bitcoin then it’s best for you that you invest at the right time with whatever amount of money you have. What matters most is that the worth of the asset you own increases and as it goes, the money you have there will also increase.

I can remember telling my friend to buy bitcoin at the rate of $9000, and he kept telling that he would wait till Bitcoin drops to $1500 since what he had was $1000. But he never got that chance, and he’s regretting it now. Imagine if he invested that $1000 at the rate of $9000 or $10,000? That small $1000 would have been more than six times the worth by now.

Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

That's wrong mindset from people like him since at actually we don't really need 1 btc just to gain since even small fraction will give us a  share in bull market aslong as we hold it or either trade it. I see some of the traders especially on binance earning a good profit for trading eventhough they don't have 1 btc still they are gaining a decent figures at the end of the day.

With a Bitcoin price above 60,000 USD it seems nearly impossible for a beginner in the crypto world to go directly for 1 BTC. Its just too much money. Even if you had such kind of funds available right now I wouldn't recommend to put it all in Bitcoins. The risk of owning only one crypto coin is quite high with these prices. In my opinion it would be better to split your funds among 4-6 different crypto coins, with only 50% put into Bitcoins. As a long term goal owning 1 BTC is still a viable in my opinion.

What I think is people take it more like prestige. Holding a full 1 bitcoin is not possible for everyone that's why many feel honored if they can do that. Sometimes everything is not about money but also status. The way crypto hype out this year I think the price of bitcoin is still in dip and we could get 3 to 4X from here easily so I do not think it's totally out of reach.

I believe it’s more because of a “unit bias” problem. Wallet developers should stop using “BTC” as the base unit and start to use Satoshis or Bits in my opinion. It’s also better from a UX standpoint.

Many here had suggested the small investors that on monthly basis save a small portion form your income and invest in good coins. Those who did are successful today as their investment if one in top coins are growing and this returns in last one years would be in 3 or 4 digit mark as well depending upon the coin they hold. So continue buying small every time on dips each month.

This will not be possible if they are holding bitcoin without doing anything, we have lots of programs around which can make us earn that figures and if we are skilled provably it can fasten up things towards achieving that whole figures. Also its not about status since see so many individual earning good profits for investments here for example grabbing the opportunity on binance launchpad and other BSC craze things.



I think they are using that already but BTC but people always makes misconception about it especially with newbies since they always look at the BTC as  a whole figure and not with small fractions.

Maybe most people has a target of owning at least 1btc but it is impossible for those who can't afford to buy a whole 1btc but possible if you buy it partially until you make it as a 1btc. It's like you're putting money in the bank little by little until you make it a million after a couple of months, that was also in bitcoin. You don't need to invest huge amount to get 1btc instantly, instead invest a little and just multiply it. Bitcoin now is too high and it will continue to increase as the demand keep on increasing. Better to invest now.

Honestly, with how many coins are completely useless, owning other coins seems like a much bigger risk than just owning bitcoin. The only reason most people try to buy other coins is in hope to pumps like bitcoin did, but that lightning isn’t going to strike twice.

We cannot blame bitcoin from being far from our reach. We had our chances way back, it can be during the first few years of bitcoin or those time where its value is still very low, and we let that slip away just because we are afraid and we doubted that bitcoin can become successful. It could be anybody's goal, to reach and own even just a single but for the mean time, we should not set aside even the smallest amount of bitcoin because it has a lot of potential of increasing considering the growth of bitcoin. On the other hand, it surely feel good if you are one of those few person who were able to store and hold their bitcoin right or near from the beginning up until now.