We need to rethink the way we look at 1 BTC value...

[Daniel_West]

Yup, true! I have been told even buying $50 dollars worth of Bitcoin, or even $10 worth of Bitcoin is good enough to get you started into Bitcoin.

Owning at least 1 BTC now would be ideal, and its not bad owning 0.1 either, is just that the earnings you might get is not even a lot. But every newbie should not think that way, instead, they should try to earn/buy Bitcoin slowly and saving up, and I bet that isn't impossible. It just takes time.

The thing is, most people nowadays go to the trading expecting an easy and fast profit, without any back thought. So they buy huge amounts of coins, which in their opinion are about to rise, and then lose their money. I know that from personal experience (several of my friends are complete and utter idiots). On the other hand, trying to trade with a little amount of money, will provide you with needed knowledge, so it's more than not bad for the starters. In fact, it's ideal.

[ilovefeetsmell]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

Yeah, it's a great holding that amount of bitcoin. We will know that 0.01 will increase in the dollar in the near future. It's tested and proven years ago. I started collecting bitcoin in December which 1 btc is equal to 1000 USD but see the price of bitcoin now. It is about 2500 USD. It is double the value before, so if I owned 1 btc before so I have 1500USD of profit. Did you see the rapid change amount of bitcoin from December to June? It is quite amazing to own BTC now. So grab and collect it now to have a better future. You can use your money anywhere and whatever you want.

[mk4]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

I honestly don't like that 1 BTC is too expensive. I think it's alot better if 1 Bitcoin will be in the same level and value with something like 1 USD. If bitcoin would be used globally, I would have to use mBTC. It would be alot better and easier to say something like "1 large burger = 4 btc" rather than "1 large burger = 4 mBTC / 0.004 BTC".

[soul-impact]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

Want to own a bicoin we have to undergo the process of penetration and thorough investigation. In my opinion, owning as many bicoins as possible is not necessarily one. You must know when you own your bicoin. Do not stock up when not profitable. Capital loss is a bad thing.

[itsallpc]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

Most people have a misunderstanding that bitcoin could only be bought as a single whole coin with such a huge price.But they have no idea that bitcoin could be divided into eight units and we could even buy 0.00000001 btc which would cost very low.I too advice my friends that they could even buy bitcoin in satoshis which would give them good returns in future.

[Prodigan786]

I don't know about the wealth which makes in future recently I sold some bitcoin earnings from all the source I got past one month which is around 0.05 it gave me more than one year youtube revenue and effort

[hosseinimr93]

I agree with you. Today earning one BTC is so difficult. It needs much time and much effort. Most of peoples cannot afford to buy one bitcoin or even half of it. Today 0.001 BTC can be valuable for future. I myself always use the milli-bitcoin when I want to calculate my earnings. Peoples can use units such as bits, satoshis and milli-bitcoins. A day every satoshi might worth too much. Maybe one day We cannot afford to buy one satoshi.

[deisik]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

The people can invest any amount, no matter small, because the profits percentage they would get would be the same.
And as the time passes by, people may invest or earn more according to their needs, because 1 BTC goal may be difficult but not impossible !

In real life, though, you can't invest any amount

First, you can buy only a certain amount of coins (so-called minimum order size) and at most exchanges it is in the range of 0.001-0.01 BTC (you can calculate for yourself how much that will be in dollars). Further, hefty fees make it meaningless to buy even that much (or little) since you won't be able to withdraw this amount. And if you take into account these circumstances, you will inevitably come to the conclusion that buying less than 100 dollars' worth of bitcoins would be an exercise in stupidity and absurdity

[bamboylee]

Most people have a misunderstanding that bitcoin could only be bought as a single whole coin with such a huge price.But they have no idea that bitcoin could be divided into eight units and we could even buy 0.00000001 btc which would cost very low.I too advice my friends that they could even buy bitcoin in satoshis which would give them good returns in future.

It is merely educating newbies about the units of bitcoin and that they can buy smaller fractions of bitcoin. It is their responsibility to be educated about bitcoin before they get, invest or involved in bitcoin.

[carlisle1]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

That's true, bitcoin is still changing and now we are looking on it including those newbies that it is expensive but in these coming years it will surely become more expensive so that owning even a portion of bitcoin 0.1 for example would be already satisfying . Although bitcoin's price is getting more but still it doesn't limit us to own a satisfying amount .

[fan_of_things_and_stuff]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

I honestly don't like that 1 BTC is too expensive. I think it's alot better if 1 Bitcoin will be in the same level and value with something like 1 USD. If bitcoin would be used globally, I would have to use mBTC. It would be alot better and easier to say something like "1 large burger = 4 btc" rather than "1 large burger = 4 mBTC / 0.004 BTC".

Why does that matter though? That's the same saying you don't like USD because it has fractions of them (cents)

[Doms]

When I was new with bitcoin, back when the price was still at $400, I thought as a newbie that one cannot be without buying a whole coin. It was only later that I learned from friends that I can buy small fractions, and that's exactly what I did from time to time, although I have to admit that I still lack the patience to hold and accumulate until I am able to reach 1 bitcoin.

[freeyourmind]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

I honestly don't like that 1 BTC is too expensive. I think it's alot better if 1 Bitcoin will be in the same level and value with something like 1 USD. If bitcoin would be used globally, I would have to use mBTC. It would be alot better and easier to say something like "1 large burger = 4 btc" rather than "1 large burger = 4 mBTC / 0.004 BTC".

Why does that matter though? That's the same saying you don't like USD because it has fractions of them (cents)

Any currency conversion is going to take time to understand and value purchases.  We usually have one currency which has an understanding of how much things cost, and then need to convert any other currency to that, in order to understand value.  Bitcoin is no different than trying to understand how many Euros or Pesos or Baht something is.

Almost everyone has a smartphone to do the conversion if you're too lazy to do the math.

[minime]

ya one btc is one btc you should stop thinking in $$$

[Almeida]

Is it really that hard to conceptualize fractions of BTC? .1 BTC ~= $280 and .01BTC ~= $28

Doesn't seem all that difficult to me 

Is it not that it is difficult, it is just that we need to adjust the reference because it is getting cumbersome. No one says "I have 100 cents" when they mean to say they have 1 dollar, nor they say "I have 0.001 thousands". The reference is the unitary dollar and it is easy.

Countries with high inflation often go/went to print absurd bills like "500,000 X$" or something like this. They eventually cut off these extra irrational zeroes on the right to keep the reference easier.

With a deflationary currency like bitcoin the same happens but contrariwise, so we need to "cut off" the extra zeroes on the left in referencing the currency, from time to time. It gets cumbersome to say "I have 0.032532 BTC". If we start to fix satoshies as the reference we can append M, K in front of it. So 0.032532 BTC becomes 3.2532 Mega satoshi, or just 3.2532 Msat. As the coin goes in a deflationary trajectory, soon we will move to Ksat and then just satoshi. This is very easy as everybody is familiar with these measures of magnitude by using computers.

The advantage is also psychological. The same way the countries with "500,000 X$" bills give a false impression it is a lot of money, referring to BTC in terms of the inflationary dollar give the appearance of 1 BTC being "something" which is expensive as hell, while the trully indivisible minimal unit of value is the satoshi. Wow, just one coin costs almost 3 thousand bucks? Wow. That's the current impression.

[Russlenat]

1bitcoin for me is to high because of it's value, I'll just have 0.1 bitcoin for now and it came from 0.01+ btc that I trade so it became 0.1+ now and I have some alt-coin to that I can trade later and convert to btc. If a newbie think that he/she can't get that amount! maybe he must do like this method of trading btc and other alt-coin, or introduce them to do join some signature campaign.

[jualidbitmixer]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

Newbie or people that still new about bitcoin always think like that though, it's a bit hard to change that mindset. If you are looking at yourself when still new about bitcoin, you will also think same. I think to change that we need to tell them before you introduce people about bitcoin.

[DoublerHunter]

From the start until now, i always look 1 bitcoin as a very high amount of bitcoin and everyone should own it or gonna have that 1 bitcoin because it is like the key in order to gain good amount of wealth in the future but it is not that easy to get that 1 bitcoin in just a months if we don't have good amount of capital it will cost too much time and perspiration to gain that amount which is a very honorable amount to have.

[nightxglow]

Yes true! It's kinda hard to own 1 btc, but still, a few years ago when 1 btc wasn't really valuable, people didn't really think to save their btc and prefer to sell it. And now, most of them regret doing that because now the value is so high.
Who knows if our 0.1 btc will worth the same amount as 1 btc now in the future? We can't predict that.
Even myself, owning even 0.0001 bitcoin is nice already. I can save it and keep earning btc, and who knows it'll become 1 btc soon? And if not, the price is higher so even owning 0.0001 btc can make me rich? Haha lol. I don't know when it will happen, though.

[xhienigat]

OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?

Yes that's true, even if its not 1 BTC as of now in a few years it'll be worth much so it actually is not a bad idea or goal to own less than 1 BTC.