Do you guys think 0.1BTC is enough to "make it"?

[Imran232]

In my opinion, not today, but in the future, owning 0.1 BTCC can be equivalent to owning the entire country.Yeah, because of its higher demand and the lowest fixed supply in this world. And that would be for those countries who didn't approve bitcoib yet but will in the future. And their future will be empty. So we know that when there is demand, then please keep holding your money until some reaches its moon. You don't have to do anything, just do one thing: buy and hold. All this is project work, not yours.

[arabspaceship123]

It's not going to be enough circulation for Bitcoin to go around but there's lots of others to choose from. Ethereum's one of them. The world's not going to be relying on Bitcoin alone.

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?

[tertius993]

No.

If we take the average salary in the US - According to the May 2020 National Occupational Employment and Wages Estimates by the BLS, the average salary in the United States is $56,310 - then 0.1 BTC is currently almost exactly also 0.1 of the average US salary.

Let’s assume that to make it you need at least 10 years of average salary on hand.  This on the basis that you need money to live on every year and that should give you enough to invest (but barely).

Therefore each bitcoin needs to be worth 100 times what it is today - or roughly $5.5 million in today’s money. Just can’t see it.

Different in other countries of course but the 10-years salary need is a fairly low end requirement. FIRE would suggest 20-25 times is more realistic.

[Mahanton]

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?

We dont know on what would be the value of Bitcoin in upcoming years to come.Thing here is that we do know on how to play with the price and not just accumulating 0.1 BTC and also we know that if inequality does exist on fiat world then so as with crypto which means that people could never
able to own such amount if the entire population would really tend to dive in into this market.Hard to tell but we know that adoption is on the move
but we know that not every corners of the world would be having that consideration.

[Oshosondy]

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.

If the price of 1 bitcoin now is $56000, the price increased small from when I posted $54000, it will only take 20x to move up to $1 million. Definitely this is possible, but it will only happen after a very long period of time like 4 or 5 years. But for 0.1 bitcoin, it will take 200x, more time needed for this, I can not have this in plan at all but 1 bitcoin to reach $1 million is still very possible but it will take time.

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.

If it is trading which is riskier, I will agree but this is holding, bitcoin holders will never lose if they are patient. Even better to invest more if the price is decreasing because it will increase back and beyond.

[doomloop]

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?

I kind of think that there will be a time when bitcoin will be scarce, because there wouldn’t be much to go round. And since it is limited, it’s going to be rare and sold for a really high price that most people might not be able to afford. So, when a time like that comes when bitcoin is going to be rare, owning even a half of that 0.1 BTC is going to be a lot of money, and a lot of people will even find it difficult to sell the coins they own, unless they have a better plan of what they would do with that money. Another thing is that as time goes on more coins are likely going to get missing, which will further decrease the number of coins that are available in the market.

[slaman29]

The only way 0.1 BTC can make it, and this is purely on the point that you have and hold and never add to the 0.1 BTC is if Bitcoin gets to $1 milllion. So, my answer would be yes, if you're willing to wait 10 or 20 years, since that's how long I think it will take for Bitcoin to get to 1 million dollars. And that's not really a long wait if you think about how long it's been since Bitcoin's been around

[diderdrogba]

If you mean a long-term investment of this amount, then it is really enough I believe. But the key point here is to be very patient. Because its current value is not much and it will need to increase its value a lot to be able to buy a mansion nearly wherever you want. For now, I assume that there are not many countries that you can buy a mansion in.

[gabbie2010]

I believed the OP assumption of living a decent live by owning 0.1BTC is based on future perspective, else if it is meant for the present day that amount wouldn't be enough to live on it for long without any additional extra income.
There is the tendency of that mount to increase in 5x, 10x if all the speculations and prediction of the price of bitcoin soaring high in the future come to pass, of course that is not going to happen soon, but obviously this might be very feasible in later years ahead.

[saddampbuh]

1 btc will probably go to a mil while you're young enough to enjoy it so no 100k won't be enough to live in luxury if that's what you mean by make it, if you want to get rich by putting 5k into some investment it needs to be an asset nobody has heard of, not something 20% of people in civilised countries already own

[ivankoh]

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?

I think nothing will be enough to guarantee it is a villa or a villa + a car. Lol, at least 0.1 BTC is still a big reason to hope and more importantly you can hold and fight fiat to keep your freehold stronghold. Maybe the last bitcoin will be mined in 2140 or so. I think bitcoin will show a price at 1M$ to confirm the future of crypto finance. But as all will be the time and when it will

[oemar bakrie]

Having that many assets makes me a profit seeker, not just a plot of land and a house.
..because that's the same as capital in seeking profit and with experience that has made a lot of initial capital..

[Ebede]

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?

I did not understand exactly what you saying, are you saying of distribution of 0.003btc as you listed will it serve to do what? I fine it difficult to understand, but the down side i think i understand it, 0.1btc is like having a mansion in my side because bitcoin now is like gold before.

[fara_buduk]

what is meant by 0.1 btc in the future will make you a billionaire but it will happen where maybe you are not in this world because the supply of btc is unlikely to be dwindling so fast and for now with 0.1 btc capital will make you get rich by trading or short term investment

[Lmaooo]

It depends on how long you can HODL 0.1BTC.
if you can HOLD it for like another 10 years, you can definitely make it...
Imagine the early bitcoiners, the guys that invested in bitcoin 10 years ago and HODL it.

[AmoreJaz]

Having that many assets makes me a profit seeker, not just a plot of land and a house.
..because that's the same as capital in seeking profit and with experience that has made a lot of initial capital..

anyone can make it if he knows how to handle his stash. 0.1BTC is considered big in a lot of countries. you can even use this as a small capital to your business and grow it. you don't need to wait years and years, and hoping that btc will be valued in million dollar range.
but if you are just too lazy to look for other options on how to grow this amount, you can just wait passively and hope. but that will take a toll in your mental health. you should find other activities that will augment your crypto earnings. and don't just wait and sit for nothing.

[Wawa2013]

Having that many assets makes me a profit seeker, not just a plot of land and a house.
..because that's the same as capital in seeking profit and with experience that has made a lot of initial capital..

anyone can make it if he knows how to handle his stash. 0.1BTC is considered big in a lot of countries. you can even use this as a small capital to your business and grow it. you don't need to wait years and years, and hoping that btc will be valued in million dollar range.
but if you are just too lazy to look for other options on how to grow this amount, you can just wait passively and hope. but that will take a toll in your mental health. you should find other activities that will augment your crypto earnings. and don't just wait and sit for nothing.

In my country having 0.1 BTC is enough to start a small business, so as long as we can use it properly, then we can develop 0.1 BTC to be even bigger.
It is true that we can also make a profit by leaving 0.1 BTC in our wallet for a long time. Because the price of Bitcoin will continue to rise, so it depends
on each of us how to take advantage of the Bitcoin we have. Actually the safest way is to keep holding the Bitcoin that we have until the price goes up
very high. Especially if we do have a job with a fixed salary in the real world, we can make 0.1 BTC as savings for the future. Because we don't
necessarily start a business using 0.1 BTC can run successfully, if the business we build fails, we could lose all 0.1 BTC that we have. So think carefully
what we are going to do with the 0.1 BTC we have.

[lenovop-70]

Today isn't enough for a mansion here, but we don't know tomorrow or the day after. Basically the OP's question can't be answered instantly today or this year because we don't know where Bitcoin will go.
If there's no time limit on when 0.1 Bitcoin can buy the mansion, I'll answer in about 50 years next for the safe answer.

[riskthebiscuit]

If Bitcoin reaches or exceeds $5M USD then comfortably you can say you will be living well. But other than that, don't bank on a future where that will  make you secure. It can help secure your finances, but shouldn't be all your funds of course.

[Woodie]

Considering the supply vs global population = 0.003BTC per person to go around.

How did you arrive at this mate, thought if the world population shared the available bitcoins we could be getting less than 0.003 BTC .

Do you think 0.1BTC will be like owning a mansion?

For now its not possible to own a mansion with this amount of bitcoins but there will come a time when the world is no stranger to these digital currencies and maybe see cryptocurrencies being legal tender which should drive the demand and price up. If bitcoin will still be around after 2 decades or so I see it to be worth a fortune.