irsykes
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November 30, 2021, 08:43:38 PM |
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
To be honest, with this price i can't imagine or maybe can't expect price can be much higher maybe x100 than now to made that 0.1BTC to be mansion. It is right, anything is possible, who can expect bitcoin price from hundreds dollars to be more than $50000, but for next 100x i think will have small chance to be happen.
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tiCeR
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December 01, 2021, 04:58:57 PM |
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
To be honest, with this price i can't imagine or maybe can't expect price can be much higher maybe x100 than now to made that 0.1BTC to be mansion. It is right, anything is possible, who can expect bitcoin price from hundreds dollars to be more than $50000, but for next 100x i think will have small chance to be happen. I agree. At some point, the increase in value simply comes to an end. At least as long as it is not completely taken into account in the economic cycle and much more has been mint. In principle, however, an increase of 50% can be achieved in the next 5 years. At least under the mentioned conditions
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topbitcoin
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December 01, 2021, 06:02:00 PM |
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap.
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AakZaki
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December 01, 2021, 07:40:10 PM |
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For now 0.1 BTC is quite a lot if it is exchanged for FIAT. you may be able to hold it until the price reaches a new ATH again. But you have to target where you should take your profits. you can buy a luxury house if the price of BTC continues to rise and make sure you still hold that 0.1 BTC and if you have spare funds you can buy again at a lower price. Holder is a winner.
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leverageguy
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December 02, 2021, 06:21:56 AM |
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It’s good to start with this much. After all, something is better than nothing. With time, you can increase your risk appetite.
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Poker Player
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December 02, 2021, 07:18:20 AM |
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Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap.
To me what's funny about this whole debate, and specifically the OP's idea of the Mansion is that he doesn't mention maintenance. Even if that amount gives you enough to buy a mansion, on an average salary it doesn't give you anywhere near enough to maintain it, meaning you're going to have to sell it, and probably for a lower price than you bought it for. You wouldn't be the first person to win the lottery and that happens to you. More generally, that amount will hopefully have a much higher purchasing power in the following cycles, but the worst thing you can do is to spend it on a fancy thing, better to spend small parts, that way you don't eat your net worth and you can enjoy the profits.
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goldkingcoiner
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December 02, 2021, 07:38:07 AM |
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap. 120k For an entire mansion? Which country do you come from, may I ask? I cannot imagine anyone even building a mansion for a mere 120k... Just the building expenses alone would (should) cost more than that. And then you would need to buy furniture, kitchen, and stuff... Even in the deepest part of the third world that seems too low a price to me. But perhaps you are thinking of a big house, not a mansion?
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meanwords
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December 02, 2021, 12:39:56 PM |
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Do you think 0.1BTC will be like owning a mansion?
Maybe in the future where every Bitcoin cost like $1,000,000 each, you could probably buy a small mansion with $100,000 in some countries. Right now? It's very unlikely that you'll make with with 0.1 BTC, let alone buy a standard house and lot with it. Not to mention that you'll need additional funds besides the materials and the funds for the ownership of the land.
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rodskee
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December 02, 2021, 01:02:40 PM |
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Do you think 0.1BTC will be like owning a mansion?
Maybe in the future where every Bitcoin cost like $1,000,000 each, you could probably buy a small mansion with $100,000 in some countries. Right now? It's very unlikely that you'll make with with 0.1 BTC, let alone buy a standard house and lot with it. Not to mention that you'll need additional funds besides the materials and the funds for the ownership of the land. Even if bitcoin reached a million yet . 1 btc will be amounting 100k meaning that is not enough for MANSION but enough for a good house . So in this unless bitcoin hit 5million dollar and up that will be the amount need to buy a mansion.
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noormcs5
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December 02, 2021, 01:16:32 PM |
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
Yes, right now 0.1 BTC may not seems that big but after 10 years of so, when bitcoin will come mainstream and the value of bitcoin will be much higher. then we can say that those who would have 0.1 BTC would be categorized as the worlds richest persons.
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tyz
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December 02, 2021, 01:20:24 PM Last edit: December 02, 2021, 01:33:02 PM by tyz |
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Do you think 0.1BTC will be like owning a mansion?
A mansion where? Sorry but the question is very strange. You can buy a mansion somewhere in Africa or in remote corners of the world for little money. You can also buy one in New York or in another big city where $100 million is not enough. Let's say Bitcoin will be worth $1 million some day. Then 0.1 BTC would be $100k. You can buy a mansion with that in rural Thailand, for example, but in industrialized countries it wouldn't even be enough for a one-room apartment.
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bonjouros
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December 02, 2021, 01:28:30 PM |
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Mansion in my country with current price need at least 2 Bitcoin. Because in town a normal house can cost 1 coin and it is right depends on what country and location of the house. My house if price now need 0.3 BTC at current price, maybe if price can increased x2-x3 from now, people who hold 0.1 BTC can buy house in village because still cheap.
To me what's funny about this whole debate, and specifically the OP's idea of the Mansion is that he doesn't mention maintenance. Even if that amount gives you enough to buy a mansion, on an average salary it doesn't give you anywhere near enough to maintain it, meaning you're going to have to sell it, and probably for a lower price than you bought it for. You wouldn't be the first person to win the lottery and that happens to you. More generally, that amount will hopefully have a much higher purchasing power in the following cycles, but the worst thing you can do is to spend it on a fancy thing, better to spend small parts, that way you don't eat your net worth and you can enjoy the profits. We have the same thoughts. Even if Bitcoin hit a much higher value, building a mansion does not end on its mere constructions, but more more so on maintaining its structure which entail a whole lot more expenses. But more than that, if ever you’ll get to hold 0.1 BTC, I am not one to agree that is wise to just spend to have a mansion. It is way better to use it for investments and let it grow. Well, that’s just my personal opinion.
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coderben
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December 02, 2021, 01:37:25 PM |
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If we are talking about the current value of 0.1 BTC, then it wouldn't be enough for buying a mansion in nearly every country I assume. But if you are thinking of the future and saying this, then it can be more than enough if Bitcoin price just skyrockets. At some point in the future, I expect a historical increase in the price. So I think it is better to buy now and wait. Then, we can discuss this topic again. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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deadmousehat
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December 02, 2021, 01:39:40 PM |
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0.1 BTC I think in my country it is not enough to buy a mansion if at current prices and property prices will always increase every year. Depending on where you live, the prices may not be the same. btw how long will you hold it
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dimox
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December 02, 2021, 01:40:32 PM |
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If 1 bitcoin is $54000 now, 0.1 bitcoin will be $5400. Can $5400 buy or build a mansion in your region, that answer is left to you. But to me in my country, 0.1 bitcoin can only buy a piece of land, it can not be used to build a mansion to completion, but 1 bitcoin can build a small beautiful house in my area. I do not know of the future, as bitcoin price is increasing, this can later likely be possible.
agree. depend on where you are, in this country you can build mansion with 0.1 bitcoin, and the other you cant build. depend on bitcoin price, if 0.1 same as 1btc, im sure if you can buy a mansion. hell, in my country you just get a land. you need more bitcoin to build mansion and the other stuff.
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Koro-Sensei
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December 02, 2021, 01:58:24 PM |
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If 1 bitcoin is $54000 now, 0.1 bitcoin will be $5400. Can $5400 buy or build a mansion in your region, that answer is left to you. But to me in my country, 0.1 bitcoin can only buy a piece of land, it can not be used to build a mansion to completion, but 1 bitcoin can build a small beautiful house in my area. I do not know of the future, as bitcoin price is increasing, this can later likely be possible.
I think he was referring to what future may hold. I think at 0.1, it could be a decent one to have. With the current forecast of BTC price, your 0.1 now might be tens of thousands in the future but I don't think it will make you a millionaire. Well, the future for BTC is bright. I think it would be wise to add more BTC monthly. Just invest what you can afford to lose and by that even if it goes down, you will be okay. And if its goes up, great return is possible.
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peter0425
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December 02, 2021, 02:12:11 PM |
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0.1 BTC I think in my country it is not enough to buy a mansion if at current prices and property prices will always increase every year. Depending on where you live, the prices may not be the same. btw how long will you hold it
Mansion in my country valuing at 5-7 Bitcoin meaning for me to buy Mansion using bitcoin the value must reached at least 2 million dollar each? that is a High price to expect so it may happen 5-10 years from now, meaning YES it is POssible but not in our time now Maybe in 2030 ? we will see that amount can provide us Mansion .
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btcinmylife
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December 02, 2021, 03:09:39 PM |
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This is impossible. If a luxury house is worth at least a few million dollars, 0.1 BTC wants to buy a luxury house, and that BTC price is tens of millions of dollars, the world will be messed up. I think the final price of BTC will not exceed 300,000 dollars.
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geegaw
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December 02, 2021, 03:24:09 PM |
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Do you think 0.1BTC will be like owning a mansion?
Maybe in the future where every Bitcoin cost like $1,000,000 each, you could probably buy a small mansion with $100,000 in some countries. Right now? It's very unlikely that you'll make with with 0.1 BTC, let alone buy a standard house and lot with it. Not to mention that you'll need additional funds besides the materials and the funds for the ownership of the land. If there is such a future with bitcoin, a small piece of land in the countryside with an average house will be more practical than a mansion because as you said, the budget is too little for a standard villa and even if we can buy it, we can only get an empty house, even with much damage on the inside. However, such a case with bitcoin is somewhat too greedy, the actual application is still from 0.1btc to complete bitcoin, even it should be more cloned by our knowledge, mying in bed and dreaming of the mansion only makes the distance impossible to close
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temple
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December 02, 2021, 07:07:20 PM |
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
There is usually a limit to everything. Bitcoin won't increase in price forever, or let's say at least not at a pace that it makes the most interesting investment for new investors. When you say that all want in, would you want in if you were new and saw a $1 million Bitcoin price? By then there might be other interesting asset classes or even just coins that you prefer over Bitcoin because first you think the investment potential is better and second because for some reason you value the technological capacity higher. I don't know whether there will ever be any serious use cases where people would simply need that, but it is not like the more Bitcoin rises in price the more people want it. As long as people believe there is speculative potential or when the utility is a convincing pro, people would buy it. Otherwise we would at some point be discussing Bitcoin as a Giffen-good.
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