kulboi123 (OP)
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January 10, 2021, 12:21:49 AM |
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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?
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DaveF
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January 10, 2021, 12:28:48 AM |
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In and of itself outside of just being MORE there is no difference between .1 or .03 or .5 or 1.5 it's all bitcoin and all spendable. I think it means different things for different people. But, you are correct, for most of the people it's just flex.
-Dave
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Reatim
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January 10, 2021, 01:00:36 AM |
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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?
Good question , but for me ? i personally wanted my "Whole" bitcoin because at least this is a full amount though it doesn't really matter and affect our holdings if we have small amount or more than 1 Bitcoin. The most important thing here is that we value the Bitcoin on our hands and we believe that this will Help us out maybe not for today but in our future . And just like what you said , it's Maybe just a Flex for Most of the Bitcoin holder , though I'm sure only small part of bitcoin owners has 1 Full Bitcoin than those who only has fraction of it.
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TravelMug
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January 10, 2021, 02:34:25 AM |
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It's because you will be part of the so called 1 bitcoin club, part of a group of bitcoin investors to even own at least 1 BTC. And with bitcoin getting more scarce as time goes on, the price will naturally go up, making you someday a millionaire. So this is the first obvious target for every bitcoin enthusiast.
Or better yet owning 21 bitcoin will be more rare, 21 bitcoin club.
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Janation
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January 10, 2021, 02:39:40 AM |
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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.
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Maus0728
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January 10, 2021, 03:04:22 AM |
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The more the merrier! Who doesn't want to have one full bitcoin in their stash if it can be the reason to achieve financial freedom, being away from risk of inflation and such.
Another reason why lots of people are keen in stacking sats as much as they can is for them to be able to reduce the cost of buying due either from the possibility of price increase in the next few year or decades when the majority of big companies are putting their money simultaneously. Or perhaps, for them, it is just a milestone that they planned before they seriously get into bitcoin.
It depends on every people.
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manfredmann
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January 10, 2021, 06:19:27 AM |
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For most bounty hunters wanting to own btc getting rewards is not enough to get a full btc but of course over a period of being lucky and was able to held some of it before the bull trend then high chances on those days in which bitcoin is cheaper one can gather a btc. Yet, it is completely different nowadays owning a btc would be rather difficult due to its high market value.
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pakhitheboss
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January 10, 2021, 06:31:56 AM |
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1BTC means increase in USD value by a minimum of 1k or more. This makes the profit bigger as compared to just a few dollars. Plus the advantage of being in 1 BTC club for the name sake. I personally do not believe in it as long as your are holding Bitcoin.
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hatshepsut93
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January 10, 2021, 06:51:18 AM |
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There are no advantages to owning 1 BTC instead of 0.999 999 99 BTC, people just love round numbers. This desire to own some nice number like 1, 21, 10 or even 0.5 or 0.1 is just a sign of a person who has no experience in investing. They don't understand that if Bitcoin goes up by x2, their value will go by x2 too, no matter if they put $20 or $20,000. This mentality probably prevented some people from putting a few hundreds of dollars into BTC in the past, which could now be tens of thousands dollars.
If someone says "I want to buy BTC, but I can only afford 0.095725 BTC", just tell them to buy and don't worry.
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Innerpumper
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January 10, 2021, 07:58:35 AM |
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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?
bitcoin price is very expensive for 1 btc only. That's what makes us judge enough with one bitcoin it would be amazing. In this world bitcoin as a whole is only 21 million and so many bitcoin enthusiasts. That's we are sure with 1 btc it is quite remarkable, In fact we can shop with only less than 1 btc or 0.1 0.01 .001 it remains spent that's why bitcoin is so valuable.
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20kevin20
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January 10, 2021, 08:02:21 AM |
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Mostly because there are only so few coins in existence, so owning one entire coin becomes harder and harder as time passes by. Just think how hard it is for the average Joe today to get to own an entire BTC vs how hard it was back in 2016 when it was under $500..
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kkaroul4
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January 10, 2021, 08:12:10 AM |
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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 having 1 full BTC might be a goal for them, honestly if I could have 1 BTC from smaller investment I would also flex them no matter what price it has. Currently I'm a little bit far from it let's hope I would be able to get lucky in trading and increase the number of my Bitcoin.
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ralle14
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January 10, 2021, 08:30:18 AM |
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One of the small advantages I see is that it's easy to know the fiat value of the bitcoin you own rather than having smaller amounts.
I agree with Janation it's more of a goal like how you save up on something for so long that you finally reach it. I remember getting my first bitcoin back then it didn't change much for me but it felt great when you get there. What's more interesting is hearing the stories of others on how they got their first bitcoin.
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ultrloa
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January 10, 2021, 08:33:56 AM |
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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?
Depends on the person who you talk or see since someone is just flexing it especially at this time but there are other who like to have a whole BTC for personal satisfaction that they didn't miss something in the bull run or they want to have that for future holdings.
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Spoona1
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January 10, 2021, 08:42:30 AM |
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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.
Hi I am looking for some help. Where is the best place to trade or auction Casascius Bitcoin? Sorry if this is not the correct section of the forum to ask,I’m new to this. 🙏
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iv4n
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January 10, 2021, 08:54:51 AM |
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...
Hi I am looking for some help. Where is the best place to trade or auction Casascius Bitcoin? Sorry if this is not the correct section of the forum to ask,I’m new to this. 🙏 Try marketplace... I can't remember the members who like this stuff (there are few reputable members) and they have some discussions about these coins in their topic! You will have to search for that alone! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Why do people value 1 full BTC?! Well there will be only 21 million BTC, now there is one wallet with 1 million bitcoins locked, many bitcoins are permanently lost... people can search for some calculations about it, and by some it looks like there is 10-20% fewer coins! So one full Bitcoin can give you an advantage one day! You can have fractions of course, but 1 full sounds a lot better than just fractions...
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yazher
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January 10, 2021, 10:30:19 AM |
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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?
they've just wanted to hodl it that way since it was a trend last year. there are lots of people who bought BTC that way and as you can see those hodlers are getting some good news right now and the price when they bought that 1 BTC it's way cheaper. Now whenever the price increase more than the day before in the market, they surely getting the whole earnings from it because they hodl 1 BTC, the percentage they've got since they bought it has now manifold in a big amount of cash.
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FIFA worldcup
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January 10, 2021, 10:32:05 AM |
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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?
You can own any fraction of BTC but the more you own bitcoin, the better it is for you and your future. In the near future, there will be very few people who can own full 1 btc so i think we should collect as many bitcoins as possible and keep them HOLD.
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remotemass
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January 10, 2021, 10:37:29 AM |
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They don't realize that bitcoin is digital gold and BTC is the unit, like Kilograms. Actually, 1 full BTC will probably be worth 10 Kg of gold. That will mean bitcoin reached parity with gold.
BTC is the unit. But you can divide it into 100 million satoshis (8 decimal places). And possibly there will be ways to divide "satoshis" into even smaller units.
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{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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tabas
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January 10, 2021, 10:58:31 AM |
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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?
Obviously, you have more if you own 1 whole bitcoin than just fractions. And whenever the price increases by $1,000, you'll feel the gains. Unlike with the slightest amount that you have in fractions, you barely feel the gains.
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