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Author Topic: Why owning 1 BTC becomes harder everyday???  (Read 5037 times)
cybersofts
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August 15, 2017, 08:06:26 AM
 #1

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday 1 bitcoin will become currency for the rich dudes?

I know we all want to buy and save more bitcoins in pieces, but the way bitcoin price is going are we really going to keep up?

Edit: I'm talking about owning BTC1 or BTC2... I know people can buy satoshis and save in their wallets.

What do you think, guys?


     
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August 15, 2017, 08:09:23 AM
 #2

if you want to see bitcoin as a currency then it doesn't matter how much it is worth. you buy $20 worth of bitcoin and you spend $20 worth of bitcoin. if bitcoin is worth $20 you get 1 bitcoin and spend 1 bitcoin.
if it is worth $1000 you get 0.02 bitcoin and you spend 0.02 bitcoin.

where the rich come in, i have no idea Grin

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August 15, 2017, 08:09:59 AM
 #3

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?
Bitcoin is not the currency of rich people only. You can always own fraction of bitcoins. You don't need to own one whole bitcoin. Buy as much as you can afford. The amount of coin doesn't matter. What matter is the value you own.


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August 15, 2017, 08:15:11 AM
 #4

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?

I think that basically you have no clue what bitcoin is nor how it works.

Seven years ago you had 100$ , you could buy 100$ worth of bitcoin.
Nowadays, you have 100$ , you can buy 100$ worth of bitcoin.
Seven year in the future, you will have 100$ and you might be able to buy 100$ worth of bitcoin. (if the dollar won;t be garbage by that time).
So, Problems?

You think that if you own 2 million doge coins they are worth more than 1 btc just because "it's much wow more coins"?


Chachacoin17
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August 15, 2017, 08:23:38 AM
 #5

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?
No, I will not be afraid. The rich can of course afford to buy bitcoin but there are so many ways to have it also without investing. So you can always earn in your own decent way. If we are not born with a golden spoon, then we shall try hard to reach our dreams. This is not a race. Never mind the rich people, we too can be rich soon! Smiley

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August 15, 2017, 08:27:05 AM
 #6

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?
I don't understand how it could become only for the rich people.May be,you are saying that bitcoin price would be very high and newbies would not be able to buy a  bitcoin.No problem.Since bitcoin is divisible in to 8 decimals,they could even buy 0.00000001 btc and save it.So bitcoin is for all and could be bought by any one.
cybersofts
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August 15, 2017, 08:27:54 AM
 #7

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?

I think that basically you have no clue what bitcoin is nor how it works.

Seven years ago you had 100$ , you could buy 100$ worth of bitcoin.
Nowadays, you have 100$ , you can buy 100$ worth of bitcoin.
Seven year in the future, you will have 100$ and you might be able to buy 100$ worth of bitcoin. (if the dollar won;t be garbage by that time).
So, Problems?

You think that if you own 2 million doge coins they are worth more than 1 btc just because "it's much wow more coins"?



Easy fellas, no disrespect but I was in the bitcoin ecosystem since Feb. 2013... I know people can own fractions of bitcoin like Satoshis (0.000055). Sometimes you gotta throw some questions to people around and hear their answers. For me, I want to own bitcoin in pieces like BTC1 BTC2 BTC10 because I'm planing on becoming BTC millionaire in 10 years to come, dudes Grin


     
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August 15, 2017, 09:12:45 AM
 #8

The long term trend of bitcoin is up, zoom out & look at the price movements since 2009. Buy what you can afford to now & simply HODL. Bitcoin is kind of a big deal & will grow, gain more mainstream adoption as time goes on which will make the price rise.

If you can't own 1 bitcoin then make sure you own 0.1 or whatever, in 10 years even that might seem like a lot.

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August 15, 2017, 09:20:01 AM
 #9

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?
Bitcoin is not the currency of rich people only. You can always own fraction of bitcoins. You don't need to own one whole bitcoin. Buy as much as you can afford. The amount of coin doesn't matter. What matter is the value you own.
That's right, I agree with you BTC is not for rich people only. I just want to add a bit, BTC makes simple people become rich. BTC is a very good and popular virtual currency in the universe.
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August 15, 2017, 09:27:37 AM
 #10

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday bitcoin will become currency only for the rich dudes?

I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?

What do you think, guys?
Bitcoin is not the currency of rich people only. You can always own fraction of bitcoins. You don't need to own one whole bitcoin. Buy as much as you can afford. The amount of coin doesn't matter. What matter is the value you own.
Yes you are right, bitcoins is good place to hold the values of money, it is always increase day by day,
it is mean our whealty be puted on bitcoins will increase too, bitcoins will help us when the crisis happen.
Bitcoins will be more expensive in the future but we still can buy bitcoins with the money our have,
because we can buy bitcoins even just 0.0001BTC all of peoples can buy bitcoins.

   
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August 15, 2017, 09:28:47 AM
 #11

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday 1 bitcoin will become currency for the rich dudes?

I know we all want to buy and save more bitcoins in pieces, but the way bitcoin price is going are we really going to keep up?

Edit: I'm talking about owning BTC1 or BTC2... I know people can buy satoshis and save in their wallets.

What do you think, guys?

Nah i'm not afraid about that, otherwise i'm really happy if the bitcoin price can increase again like today. It is becoming hard to owned bitcoin nowdays because the bitcoin price that keep increase in the last 6 days. Its also affect other services and makes the rates become decrease following the bitcoins price.
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August 15, 2017, 09:35:44 AM
 #12

Because the higher the bitcoin price the harder to obtain !

Recently bitcoin prices is too high because greater demand especially from Japan and South Korea who control about 40% bitcoin world transaction
And for the other influence , bch and forking make bitcoin even valuable than before

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August 15, 2017, 09:39:49 AM
 #13

The long term trend of bitcoin is up, zoom out & look at the price movements since 2009. Buy what you can afford to now & simply HODL. Bitcoin is kind of a big deal & will grow, gain more mainstream adoption as time goes on which will make the price rise.

If you can't own 1 bitcoin then make sure you own 0.1 or whatever, in 10 years even that might seem like a lot.
I agree with you . Currently, wanting to own 1BTC is extremely difficult because we still do not know what is sure. I think we should keep 0.1-0.2 BTC for long term investment because surely in the next 10 years Bitcoin will have a very high price and we will be very surprised

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August 15, 2017, 09:43:15 AM
 #14

There's nothing to think about nor is there anything to be afraid of. We should be happy about it instead as bitcoin is reaching to a larger number of people than it did in the past, it should be looked at as bitcoins becoming global and mainstream currency. I don't think it matters a lot if you own one whole bitcoin but what matters is that more people are taking an interest in this amazing digital currency and becoming part of bitcoin ecosystem. It's going to benefit bitcoin that it reaches out to the masses and that will help in the growth of bitcoin and bring us all more opportunities to earn it.
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August 15, 2017, 09:45:43 AM
 #15

If the price of bitcoin keeps increasing at this rate it's likely that in a couple years 1 bitcoin will  be quite inaccessible for the average person.
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August 15, 2017, 09:46:59 AM
 #16

Wow, bitcoin price is increasing everyday at lightening speed!

Are you not afraid someday 1 bitcoin will become currency for the rich dudes?

I know we all want to buy and save more bitcoins in pieces, but the way bitcoin price is going are we really going to keep up?

Edit: I'm talking about owning BTC1 or BTC2... I know people can buy satoshis and save in their wallets.

What do you think, guys?

Because the price of bitcoins keep rising and rising until its no longer viable for some people to own 1 BTC
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August 15, 2017, 09:47:37 AM
 #17

Its very simple. Nowadays bitcoin is getting very popular because of its advantages and all wants to buy some coins. Because of this reason its price is shooting up. Heard that Japanese are investing more in bitcoin. As a result its price is also increasing. At the present situation just save small amounts of satoshis what you can afford to buy .

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August 15, 2017, 09:48:45 AM
 #18

Even back in the day when BTC was around 300-400$ it was very difficult to own Bitcoin in whole number denominations as there were lesser known exchanges and lesser ways of converting fiat into BTC. But these days, even with many exchanges and converting options available, it is still difficult to craft 1 BTC without actually investing real money as the prices continue to touch new heights almost everyday.

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August 15, 2017, 09:56:00 AM
 #19

If the price of bitcoin keeps increasing at this rate it's likely that in a couple years 1 bitcoin will  be quite inaccessible for the average person.

bitcoin is already inaccessible for the average people, as gold, but why care about this, most people can buy one oz of gold and half a btc.

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August 15, 2017, 10:01:38 AM
 #20

If the price of bitcoin keeps increasing at this rate it's likely that in a couple years 1 bitcoin will  be quite inaccessible for the average person.

From a global perspective, at more than $4000 a pop, one bitcoin is already quite inaccessible for the average person. The average American doesn't even have $1000 in savings, let alone $4000 to buy a bitcoin with.

And if most Americans can't easily buy one bitcoin, just imagine the reality for the Global South...

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