Why do people seem to value 1 full BTC?

[irixo10]

In my own opinion, placing such value on Bitcoin is seen as a target that is, if you have some fractions of Bitcoin you can strive to get more until it reaches 1 BTC. On the other hand, people will always fluant what they have, and considering how volatile this space, it is wise to invest to the best of your capacity not because you want to follow a trend of people; the Importance of this is, investing what you can afford will make you hold long term but investing just because you want to own 1 BTC, might not really make you hold long term. Lastly, although having 1 Bitcoin have its benefits, at the same time, owing fractions of it also come with its own benefits; the more you Strive to own 1 BTC is the same way, many other people strives to own more than 1 BTC, hence bringing us to the aspect of buying what you can comfortably afford.

[kryptqnick]

I have a friend who used to have 1 BTC and was very proud of it (I'm not sure it's still the case with the ATH and everything). I think that the reason for the 1 BTC value is symbolic. Rationally, it doesn't matter to have this exact amount. But before the current bull run the goal of getting 1 BTC was pretty realistic to many people here. Moreover, the price of Bitcoin is always measured per 1 coin, so it's useful to have 1 exactly. It's also just a nice full number with no small bits and stuff. It's an integer, it looks nice and feels like a nice accomplishment, I think.

[ChrisPop]

Just a flex. Don't pay attention to things like that and do not try to impress people. If you want to purchase Bitcoins do it because you want to benefit from its features aka to protect your wealth from inflation, increase your net worth, be free from the banking system, etc. Don't buy just because you want to own 1 btc.

[samputin]

I think it is a goal.

In the past as I the price of bitcoin increasing, I am aiming to get 1 Bitcoin to see if I am actually eager to do trading and investing and also to see whether I can actually save one. I am closing to that mark and I am not actually flexing that, It is like an achievement to me. To tell myself that I can do things and not overthink that I can't.

Exactly. But more than a goal, it's also an achievement once reached. Besides, when someone owns a bitcoin or two and if the price is like this, man, I consider that rich already! It may still be small to some but coming from a not wealthy family who knows how hard it is to have and earn money especially when times you need it, having 1 bitcoin, I'm already on cloud nine.

To some it's just a flex. But to others, it's also a dream come true.

[FlightyPouch]

everyone also knows that if you have the full bitcoin, then you are currently a very lucky person. This is one of the advantages of people who hold bitcoin until now.

That is not luck, that depends. If you won in gambling then I can say that you are a lucky guy but if you get that from trading and investing, that would be because of the fact that you are a great investor or a trader. There are a lot of ways to earn your first bitcoincand one of the most popular is through buying and trading.

[Spoona1]

Hi i am looking for some advise please. I have inherited a 2012 self mined CASASCIUS physical bitcoin (1BTC)and need guidance on how to auction safely ,  I have been advised this will enable the best return due to is rarity?

Any guidance or support on how to sell this would be really appreciated as my knowledge with bitcoin is limited.

Thanks

[bekti3]

Sounds like the pamiliar currently owns 1 bitcoin, not some. even though they are both bitcoin. it's just that maybe 1 will feel so perfect. even though those who already have 1 bitcoin are not satisfied if they don't have 2 bitcoins. etc.

it's more about satisfaction. but satisfied in today's human character when presented by looking at the price of 1 bitcoin $ 50,000?
I think they want more than 1.

[Zionatin]

There is no advantage other than the fact that there are more. It is like asking what difference does holding a $1 note or $100 note, other than they differ in value. 1 BTC is a nice whole number and many
people talk about it that way because I guess it's just nice to own a whole coin instead of fractions of one.

Sounds like the pamiliar currently owns 1 bitcoin, not some. even though they are both bitcoin. it's just that maybe 1 will feel so perfect. even though those who already have 1 bitcoin are not satisfied if they don't have 2 bitcoins. etc.

it's more about satisfaction. but satisfied in today's human character when presented by looking at the price of 1 bitcoin $ 50,000?
I think they want more than 1.

Human nature and basic greed. That or it could be ambition.

[7788bitcoin]

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

The choice is yours whether you wanted to hold the entire bitcoin or hold some fraction of a coin and you invest according to your budget. If you look at the current price you cannot expect a normal citizen to invest his entire fortune to hold the coin rather they will invest a fraction.

If you are talking about whales and institutional investors then your view is right as they will be investing millions but you cannot expect the same from the common investor.

[yhiaali3]

I think that the psychological factor is more than technical, it is not important to have 1BTC or less or a little more and it is not important that there are some fractions or breaks, but there is happiness and a sense of satisfaction when you own a whole piece of Bitcoin, this is a psychological state for a person who does not like fractions, but loves the correct numbers and it is certain that he Nobody minds having 1.01 BTC or 0.9 BTC, for example.

[lepbagong]

everyone also knows that if you have the full bitcoin, then you are currently a very lucky person. This is one of the advantages of people who hold bitcoin until now.

with a very high price, having bitcoin with any fraction will certainly be very valuable, so not only do you need a full 1 BTC, you have 0.3 or 0.5 or whatever, you can be sure that this is very meaningful.
many want to have, but only a few are lucky to have a time like this.
Of course, it is extraordinary for those who can have it when the need is great.

[Iranus]

For me I think it is a habitual behavior, If I had a fraction of BTC in my holding wallet then, A tendency is automatically created inside me to figure out how to fill that fraction. you can test by your own, If you see a wallet which has 1/2/3 BTC it will brings peace of mind. From another perspective, it is easy to calculate your profit if you have an or two hole bitcoin on your wallet.

[Smartprofit]

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

Everyone loves to set clearly defined goals for themselves. 

For example, make $ 1,000,000, become an actor in Hollywood, fuck 1000 girls, or have 1 bitcoin ...

The psychology of people makes them simplify the surrounding reality, reducing it to simple schemes.  Having 1,86472176 BTC is better than having 1 BTC.  However, no one aims to accumulate 1.86472176 BTC.  People will look at a person who claims such a desire as an idiot. 

Why complicate things?  People like it when things are simple.

[pixie85]

People like round numbers, that's all there is to owning 1 BTC.

Some time ago when 1 BTC had low value there was a group of people who played around setting up elitist groups like 100btc club and so on. Probably in a year or 2 you'll belong to the elite if you hold 1BTC

I always tell people that $1000 invested in bitcoin is $1000 invested in Bitcoin. It doesn't matter that you'll only get 0.1 or 0.08, or whatever else. Invest what you can and stop worrying about it or one day you'll have 0.99 in BTC worth maybe 99 thousand USD and you'll be worried that you don't have 1 instead of being happy that you own so much in fiat.

[oktana]

It's because it's not easy to own 1BTC. Not just because the price spiked up, even at $10k, it'll still feel like an achievement to some people. If I had 1BTC, trust me, I'd be proud and brag about it. So it's more like a showing off thing. Anyway, Bitcoin is a currency and whether you have 1 or 2, it'll still be spent one day so...

[milewilda]

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

Just a flex but we cant really deny the feeling of boost when we do have that whole 1 BTC into your own wallet or possesion but same as others  said that
it wouldnt really be much of an issue since you can really able to posses bitcoin with just on fractions of it.Dont push  yourself that hard on owning a full
but well people or human doesnt really get contented on things in life. The more the merrier indeed.

[tinopener]

The main reason for me it is a nice round number to keep track, especially if you have other assets you keep an eye on too.

However, at the back of my mind I have some sort of fantasy that having more than one bitcoin will somehow one day give you extra benefits, a bit like having shares with voting rights in a company, I guess.

But as I said, that is just a random thought.

[DECABEATZ]

I say cause 1BTC BTC in future will be worth at least 300k or more.  If you do you will be well off. Plus Fiat will be useless......

[Coin-Keeper]

This new suggestion of a 1 BTC club has been so named because of the huge increase in BTC value.  Years ago we had a large thread in here on the 21 club.  There was some mathematical significance of that because there will never be more than 21,000,000 BTC.  That meant we would own 1 millionth of all coins that would ever exist.  Before that we had clubs that would drive newer coin people crazy!  Hell, 30 years from now we might have a 1 Satoshi club, LOL!

[maculeth]

I see lots of people placing value specifically on owning full (1) BTC. Is this just a flex, or is there some advantage to this, versus just owning some fractions of BTC?

I think it's only flexible, for example if we hold bitcoin and eventually experience an increase, then our profit will grow in the same percentage value, whether it's full 1 bitcoin or just a few. unless we talk about the difference in profit in equivalent dollars, it must be much different between those who have 1 bitcoin and fractions.