[POLL] 2020, your last chance of owning 1 BTC

[samputin]

Due to the pandemic situation, my plan to have 1 BTC in 2020 failed, I have urgent needs. So I have to convert my Bitcoin to fiat,
and I have to spend buying some basic necessities. The amount of Bitcoin that I have collected continues to decrease, because in
a situation like now I have a lot to buy. So for 2020 I have to accept the fact that the desire to have 1 BTC failed to be achieved,
but I will go back to trying to collect Bitcoin again once my finances are stable.

That is totally understandable. And you're not alone in that situation. Many of us comes short financially at times and this pandemic made it even worse. That's why those bitcoins that we've earned from quite some time, aiming to reach 1 BTC, has been spent so we can just survive. And, I think thats justifiable. I haven't earned anywhere near 1 BTC also but like you said, when I'm also financially stable already, then hopefully I can reach that amount too.

[Vishnu.Reang]

LOL.. when I purchased my coins (2.4 BTC in January 2017), the exchange rate was $900 per coin. I was lucky to make my investment then. Within less than 12 months, the exchange rates increased by 20x. Then there was a prolonged correction, but I held on to my coins. Almost 4 years have passed since I made my first investment. For me, getting 20x returns in just four years is difficult to fathom. Previously I had invested in stocks and bullion. But none of them gave me this sort of returns.

[witcher_sense]

In my opinion, it doesn't really matter whether or not one has a whole bitcoin.

The beauty of bitcoin is that you don't necessarily need to have a specific amount of coins to participate in economic activity. Any amount you are currently holding will steadily grow in terms of purchasing power, thus allowing you to buy more and more desirable things. With bitcoin, you are a more future-oriented person because your share of the total money supply is always known and cannot be secretly taxed through inflation. Your share depends on how much time and effort you dedicated to acquiring it. The harder you work, the more bitcoins you receive.

[Karartma1]

I must confess I was not expecting these results. Being a bitcoin forum I would have said at least half % of respondents have one full coin but that's not the case. Below the updated results

BTC Yes - 13 (28.3%)
BTC No - 33 (71.7%) Total Voters: 46

[elisabetheva]

I must confess I was not expecting these results. Being a bitcoin forum I would have said at least half % of respondents have one full coin but that's not the case. Below the updated results

BTC Yes - 13 (28.3%)
BTC No - 33 (71.7%) Total Voters: 46

BTC Yes - 14 (28.6%)
BTC No - 35 (71.4%)
Total Votes: 49

It seems that it is not easy to have 1 bitcoin at this time because it is clear that the pandemic also affects people who cannot save some of their funds to be put in crypto, because their needs must also be prioritized during a pandemic such as Covid-19.
There are many new unemployed people who obviously have to drain savings.

like myself, there are some eth that should be converted to bitcoin to be delayed because the necessities of life are forced to sell some for their daily necessities as well. only a little left and obviously can not expect to change to bitcoin.
I believe that those who still have bitcoin are those who may not be directly affected by the pandemic (this is just a prediction, it could be different).

[Sithara007]

I was lucky to venture in to the cryptocurrency sector during the initial phase (2014). As a result, I was able to earn much more than BTC1 through various signature campaigns and giveaways. But it is not possible now to earn that much from signature campaigns and bounties. On average, these campaigns currently pay less than BTC0.20 per year.

So for the new users, the only way of owning more than 1 BTC is to convert some of their other assets to BTC. And this can be a very difficult decision to make, given the volatility of the Bitcoin prices.

[CryptopreneurBrainboss]

Currently I don't own any bitcoin in my savings account, I got so caught up with the defi hype that I traded my portfolio to gain some more profits and now I'm trapped. Me selling now will means I'll have to be comfortable losing close to 80% of my invested capital which is something I won't be comfortable doing therefore I'm left with no option than to hold in anticipating that a miracle would happen in the future and even though it'll just give me the opportunity to get back my investment capital, I'll take that chance.

I know I didn't invest smartly as I was only meant to investment funds that I'll be ok losing but I got this one all wrong and now I'm suffering the outcome. I'm just hoping of altcoins recovering which is why most of my replies are in support of them and hopefully with time they'll recover and get me those target of mine which involves owning one bitcoin.

Actually it was me working towards that, that got me in this mess, me investing in altcoins in the first place to try to boost my chances into owning one bitcoin to join the very few elite that do.

[Japinat]

I was lucky to venture in to the cryptocurrency sector during the initial phase (2014). As a result, I was able to earn much more than BTC1 through various signature campaigns and giveaways. But it is not possible now to earn that much from signature campaigns and bounties. On average, these campaigns currently pay less than BTC0.20 per year.

So for the new users, the only way of owning more than 1 BTC is to convert some of their other assets to BTC. And this can be a very difficult decision to make, given the volatility of the Bitcoin prices.

I have been in that situation as well, but I was not able to keep my 1 bitcoin, I trade it with altcoins and shit happens. However, I don't regret as I was able to invest on a business in real life, now my goal is to start hunting for 1 bitcoin but I will not make it this year, that's for sure.

[Karartma1]

Currently I don't own any bitcoin in my savings account, I got so caught up with the defi hype that I traded my portfolio to gain some more profits and now I'm trapped. Me selling now will means I'll have to be comfortable losing close to 80% of my invested capital which is something I won't be comfortable doing therefore I'm left with no option than to hold in anticipating that a miracle would happen in the future and even though it'll just give me the opportunity to get back my investment capital, I'll take that chance.

I know I didn't invest smartly as I was only meant to investment funds that I'll be ok losing but I got this one all wrong and now I'm suffering the outcome. I'm just hoping of altcoins recovering which is why most of my replies are in support of them and hopefully with time they'll recover and get me those target of mine which involves owning one bitcoin.

Actually it was me working towards that, that got me in this mess, me investing in altcoins in the first place to try to boost my chances into owning one bitcoin to join the very few elite that do.

Ask everyone around and if they are truly honest they will recognize their mistakes. We all did them 
The point is to recognize those mistakes and avoid repeating them in the future. I'm a longtimer on btt and if you have read my interview you would know what my mistakes were. I hope I'm done with them.

[Shasha80]

Even though I failed to own 1 Bitcoin this year, that doesn't mean I can't own 1 Bitcoin. It is true that the price of Bitcoin will
continue to rise and become more expensive, but I am sure there will be times when the Bitcoin price falls. So actually it is still
open to being able to own 1 Bitcoin in the future, if this year we fail. We can still collect satoshis bit by bit, so if we accumulate it,
it will reach 1 Bitcoin too.

[Vishnu.Reang]

I was close on having 1BTC this early year 2020, but sadly this COVID pandemic hit my country really hard that I was forced to withdraw most of my bitcoin holding and use it for daily and monthly expenses for me and my family, well I don't regret it because it is for my family and thankfully I still have some on hold.

You should not be too disappointed. At least the prices were on the higher side for 2020, when compared to 2018/2019. So you might have got a good price, when you sold your coins. And we never know in which direction the price will move. When a bull run occur, users ignore the possibility of a correction and believe that it is going to last for ever. And when the correction kicks in, they will come under panic and sell their coins at a loss.

[Sithara007]

I was lucky to venture in to the cryptocurrency sector during the initial phase (2014). As a result, I was able to earn much more than BTC1 through various signature campaigns and giveaways. But it is not possible now to earn that much from signature campaigns and bounties. On average, these campaigns currently pay less than BTC0.20 per year.

So for the new users, the only way of owning more than 1 BTC is to convert some of their other assets to BTC. And this can be a very difficult decision to make, given the volatility of the Bitcoin prices.

I have been in that situation as well, but I was not able to keep my 1 bitcoin, I trade it with altcoins and shit happens. However, I don't regret as I was able to invest on a business in real life, now my goal is to start hunting for 1 bitcoin but I will not make it this year, that's for sure.

You don't need to make (or rather earn) 1 BTC. You can always convert some of your other assets to Bitcoin. Obviously this is a step which the vast majority of the users don't want to take, because they know that Bitcoin is a high-risk asset. But if you check the history, then you can see that those who took the risk got rewarded in the end, and that too very handsomely.

[kotajikikox]

You may have heard about institutional investors finally embracing bitcoin, billionaires going crazy about owning BTC, public companies owning them as a reserve asset, etc.
The last time a poll like this was made the end result was that in 2018 only 304 forum users voted YES while 300 voted no.

Votes are depend on how each members look into the matter,like this year that ove expectation happens and now most of the people are frustrated about how the market respond towards this all good news.

As 2020 comes to an end, were you able to treat yourselves with 1 full bitcoin?
If you like explain to others how have you reached this threshold: also, if you feel like sharing it, tell us why you were not able to do that.

Threating full Bitcoin if i will sell all my crypto assets in which will never happen,i want to be ready in any circumstances .

Give your honest point of view and please bear in mind I will not tolerate any bullying here: don't judge what others have done wrong, as the real point of this thread is to let everyone aware that this can be a turning point in our lives and owning 1 bitcoin could be a game-changer soon.

The change of games supposed to happen back in november when the Bullying starts but when we stepped on December no particulars given and what we see is pure struggling.

So, if you hold one bitcoin hold on to it; if you don't try to do your best to reach one, but securely store and manage what you currently have.

Good luck to you all!


The poll will close in 60 days.

Sad to say but i'm going to sell mine for a while and wait for the next correction ,this will save my time and effort for the whole season activities.

[Japinat]

I was lucky to venture in to the cryptocurrency sector during the initial phase (2014). As a result, I was able to earn much more than BTC1 through various signature campaigns and giveaways. But it is not possible now to earn that much from signature campaigns and bounties. On average, these campaigns currently pay less than BTC0.20 per year.

So for the new users, the only way of owning more than 1 BTC is to convert some of their other assets to BTC. And this can be a very difficult decision to make, given the volatility of the Bitcoin prices.

I have been in that situation as well, but I was not able to keep my 1 bitcoin, I trade it with altcoins and shit happens. However, I don't regret as I was able to invest on a business in real life, now my goal is to start hunting for 1 bitcoin but I will not make it this year, that's for sure.

You don't need to make (or rather earn) 1 BTC. You can always convert some of your other assets to Bitcoin. Obviously this is a step which the vast majority of the users don't want to take, because they know that Bitcoin is a high-risk asset. But if you check the history, then you can see that those who took the risk got rewarded in the end, and that too very handsomely.

I can do that but since I have another option to make bitcoin, then I will just utilize that option, it doesn't matter how long I will complete that 1 btc as for sure the value will rise in the long run, and that will still make me profitable if I'll sell it, but not yet, not that easily, I'll try to dream big with my 1 btc, I'll follow what people think that they'll only sell their 1 bitcoin when it can already buy them a house, their dream house.

[Karartma1]

Poll update: As of today a total of 60 users have replied and the majority don't have a single BTC.
This is the last update from my side before sharing the end results and locking the thread.

I wish all of you great holidays and be content what with you have, that's the only way to go.
 

Poll ends on Jan. 19 2021

[Thavash]

A strategy (with some risk ) would be to buy Ethereum ( or any altcoin , but Etheruem is safer ) and when the ETH/BTC ratio improves , you trade for Bitcoin.

This way you get more BTC for your dollar.

The risks - ETH never goes up in value , or maybe it does but BTC outpaces it , meaning the ETH/BTC ratio doesn't improve significantly.

Lets say you buy ETH at $600 , and if the ETH/BTC ratio goes to 0.1 , you trade for Bitcoin , then the effective BTC price that you paid is about $6000

Watch this video for full information , but just a thought : https://youtu.be/Phutr1ulrYs

[Lucius]

Karartma1, forum users do not like to vote at all, or they may be concerned about their privacy in a particular case, even though the voting is completely anonymous (as far as I know). However, I noticed that the results from your survey are quite similar to the ones I received from my question here. As we can see the percentage of those who would sell at a price of $100k is very similar to the percentage of users who declared that they do not have 1 BTC.

I wish all of you great holidays and be content what with you have, that's the only way to go.
 

That's true, I don't think anyone will be satisfied with owning 1 BTC, when they reach that goal they usually set a new one and so on indefinitely. Happy holidays to you too

[capitan_rocotan]

Well, strategies are cool, but I've always preferred different giveaways. And thanks to Chrismas, we got many of them. Currently, I'm taking part in one from the Freewallet team.

[manfredmann]

Good prediction and advise you have provided here OP. Hopefully that someone had follow on the things that you have stated in your post. Now the value of bitcoin had grown big after the post you made. If one had bought bitcoin in that time which november then surely one had big profit now after selling bitcoin bought.

[Swordsoffreedom]

I save a portion of my monthly income and buy and deposit in bitcoin. I have been saving like this for almost a year now. Although I haven't had 1 bitcoin yet, I will soon own one bitcoin. If I can continue the way I have been saving for so long, I will have 1 bitcoin deposited in my Vault by April next year.