Out of Reach

[Silberman]

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.

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.

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[jaysabi]

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.

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."

[bits4books]

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

[jademaxxiss012]

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.

[aoluain]

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...

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

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 want to have 1 bitcoin in the end, and in order to do that I keep investing money into it...

[Kakmakr]

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. 

[TheGreatPython]

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.

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 in future

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.

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.

[Questat]

I will just wait until the price will start to dump, then I will start to accumulate,

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.

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.

[aoluain]

@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

[Princejebs]

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.

[stadus]

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.

[Latviand]

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.

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.

[Annie Bevan4578]

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

[Kittygalore]

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

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.

[Gozie51]

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

but this thing gets more blurry because the prices are continually rising leaving those that need it in the first place behind,

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.

[slapper]

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!

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

[wiss19]

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.

[aoluain]

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

[stadus]

at $34,000 its suddenly completely out of reach for them.

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.

[AndySt]

at $34,000 its suddenly completely out of reach for them.

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.