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

[molsewid]

Depending with your lifestyle, for me 1 BTC is well enough I mean well enough to start a business that will sustain my financial needs, not just me but my whole family, from where I live the amount in fiat already capable to own a house a decent one and open small business that will help to make a good living.

like what you have said, the amount is good enough for people who are not luxurious.

But for those who want to live like a millionaire, that amount is not going to work, it's just a day or a week's expense.

Perfectly well-said mate, for me, a 0.1BTC is huge enough though it can't buy a mansion or sustain an extravagant lifestyle but it is enough to plan to start up a business that can help me to sustain my needs and family needs, it is enough for a comfortable small house that you can call yours. For me, having this amount of btc at the current price is such a big opportunity already. The way how we react on the amount or price of bitcoin can be considered on how we live, what is our lifestyle and so on.

[Mpamaegbu]

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

On face value, I think OP's comparison is flawed. One doesn't need to have a mansion to paint the picture of success. On the other hand I think I can relate very well with the picture the OP tried to convey with such analogy in value of what that fraction is worth. I think that fraction will be worth more than a mansion at some point in future. I can remember vividly when I used to earn 0.015 BTC to 0.018 BTC weekly a few years ago from signature campaigns in 2017. Then that value was around $120 to $150. But in today's value that's around $800 (if I'm not wrong). It's the same way that 0.1btc which is worth slightly less than $5000 today could be worth $50,000 in future too. One can get a mansion at that cost.

[ItsEzMkay]

Perhaps, but that may only be in half the countries in the world where the standard of living is quite low. Most countries that won't work. Even if Bitcoin gets to $10M a coin. Because most houses will have severely gone up by then too. In the last 25 years prices have 4-5xed where I live. It is getting nuts out there.

[Rruchi man]

0.1BTC is a not so big sum when converted to fiat, but if asked if it is sufficient to "make it", i'd say the answer is completely relative to the definition every individual has of the term "make it". We all have standards and milestones financially we've set for ourselves that until we get to that point, we can't say we have made it. At current rate, 0.1BTC is 4,902USD, which is 2,016,530Naira (my local currency), with the current economic hardship, that money is nothing close to making it for the big minded.

[chanler]

I think it depends on the needs of each individual and how he can manage it. 0.1 BTC will be valuable if you can manage it well so that the profit you get is also good. although the benefits will be obtained little by little but if we can manage it well then it will continue to grow. and if the profit earned increases then it can increase the amount of our capital to invest even more BTC.

[Pnigro]

If by "make it" you mean being able to stop working for the rest of your life, then the answer is probably no. At least not before 2035 or so.

[Ultegra134]

0.1BTC is a not so big sum when converted to fiat, but if asked if it is sufficient to "make it", i'd say the answer is completely relative to the definition every individual has of the term "make it". We all have standards and milestones financially we've set for ourselves that until we get to that point, we can't say we have made it. At current rate, 0.1BTC is 4,902USD, which is 2,016,530Naira (my local currency), with the current economic hardship, that money is nothing close to making it for the big minded.

It's definitely not a tremendous amount of money, but still a decent portion of Bitcoin for today's standards. I'm trying to earn as much as possible, I've set a goal to reach 0.10 BTC till the end of 2022. I started in mid February of 2021, so far I've accumulated approximately 0.026 BTC, without too much effort.

I hope to accomplish my goal till next year, and return to trading soon, 0.10 BTC is a decent amount to get back in action, without risking your whole portfolio.

[livingfree]

1 btc would be enough depending on which part of the world you're living.

With that amount, you can start your own good life and you're going to work a lot everyday but just to be wise.

You have to let it grow so that you're be living a decent life without being stress with your bills.

on the other hand it all depends on our lifestyle. no matter how much money with a high lifestyle it will always be lacking. Therefore, it is important to be grateful and style according to ability. with an investment of that size I think it's enough if we can use it according to later needs

Yeah, our lifestyle also matters.

So if 1 btc isn't that much in your lifestyle and you're going to spend it like a millionaire in a day, there's nowhere to go with that money.

In the end, we all have differences in finances and knowledge on how to handle and grow it. Whether it won't be that much or that's already much, the decision is in your hands.

Depending with your lifestyle, for me 1 BTC is well enough I mean well enough to start a business that will sustain my financial needs, not just me but my whole family, from where I live the amount in fiat already capable to own a house a decent one and open small business that will help to make a good living.

like what you have said, the amount is good enough for people who are not luxurious.

But for those who want to live like a millionaire, that amount is not going to work, it's just a day or a week's expense.

The challenge that you have to deal with next is if you're going to be successful in growing that 1 BTC with your business.

Well, being wise plus living frugally would make you use that amount for so long. Unlike those who lives like YOLOing with that amount of money.

[Odijiehumphrey]

It actually depends on your country currency, like in my country that's alot. But the fact that all countries don't use the same currency make us not be able to really generalize it. But like I said initially that's alot in my country (i.e it is enough to"make it").

[Luke Briggs]

I think it can be defined as "success" when you own Bitcoin. You can change from 0.0001 Bitcoin to 0.001 Bitcoin. The prerequisite is to have a strong investment ability, and accumulate little to make more. Bitcoin can make us richer.

[Theones]

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

I have 0.1 BTC when 1 BTC price was 9k USD, so that means 0.1 BTC is around 1k USD. Right now 0.1 BTC is around 5k USD. So till date I dont think 0.1 BTC is like owning a mansion unless you live in some country where real estate is very cheap. I can own a mansion in my country if I have 1 BTC as of current price.

[TheUltraElite]

If by "make it" you mean being able to stop working for the rest of your life, then the answer is probably no. At least not before 2035 or so.

How one defines "make it" will pinpoint the answer to this question.

As the mining of bitcoin get completed any amount of bitcoin held today will be worth a lot of money in fiat at that time. So it makes sense to accumulate more coins at lower price. Hence there will be people who want to buy at the lower price and there will be people ready to sell at higher price too.

I dont think a specific year will make sense to answer. It will take another 119years completely mine all the coins. But truely but the next decade there will astronomical prices of bitcoin.

[Andreaslag]

I think that it's enough to "make it", but the price of 4k-5k is far away for a mansion. To be like owning a mansion, you probably need 20-30BTC.

[LogicusMPS]

In 10-20 years yes, sat = dollar, everything is possible.

[Victorik]

Make it how? As in being made for life if I get your question correctly? Well, it depends on your appetite. If you have a very small appetite, that might do, but someone like me with a whales appetite, that is just too small to satisfy me. I need like 100BTC.

[Iranus]

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?

why not!
In 2010 who can think that 1 BTC will be worth of $60K?? But over time, that is likely to change. Now, 0.1BTC is worth of $5k but who knows that Bitcoin never go $200K within the next 5 years? If the bull market of Bitcoin continues to grow like this year then It is too much logical to think buy a mansion with 0.1BTC in 2025.
Perhaps, many economists think Bitcoin will replace paper money within 2025, so Hold on tightly until your dream comes true.

[pushups44]

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?

No. If we assume bitcoin will hit $1 million (which is pretty generous), then 0.1 BTC will be only $100,000. If bitcoin hits $5 million, then it will be worth $500,000. With potentially very high inflation in future years, this may not be as great as it sounds today. However, owning any kind of bitcoin is probably better than holding cash.

[molsewid]

No. If we assume bitcoin will hit $1 million (which is pretty generous), then 0.1 BTC will be only $100,000. If bitcoin hits $5 million, then it will be worth $500,000. With potentially very high inflation in future years, this may not be as great as it sounds today. However, owning any kind of bitcoin is probably better than holding cash.

If we will going to make the present time especially today a reference as owning 0.1btc for me is enough, it is enough already to claim myself as a millionaire in terms of conversion into our fiat currency however this amount will not going to be a good own if future purposes will consider. Inflation kicks higher every year and that's what will going to kill the possible value of our owned 0.1 bitcoin if in case. But yeah, owning a 0.1bitcoin is already good enough than holding cash

[alpamar99]

No. If we assume bitcoin will hit $1 million (which is pretty generous), then 0.1 BTC will be only $100,000. If bitcoin hits $5 million, then it will be worth $500,000. With potentially very high inflation in future years, this may not be as great as it sounds today. However, owning any kind of bitcoin is probably better than holding cash.

If we will going to make the present time especially today a reference as owning 0.1btc for me is enough, it is enough already to claim myself as a millionaire in terms of conversion into our fiat currency however this amount will not going to be a good own if future purposes will consider. Inflation kicks higher every year and that's what will going to kill the possible value of our owned 0.1 bitcoin if in case. But yeah, owning a 0.1bitcoin is already good enough than holding cash

Bitcoin price today is around $47k which means 0.1 Bitcoin is only $4700.
I don't know the degree to which a person called a millionaire should have how much money but with only $4700 I think it will only make you live only a few months and that's not enough to be a millionaire.
on the other hand it is indeed a fairly large amount but I think it will be very insufficient to navigate life and cannot be said to be successful first

[noormcs5]

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?

No. If we assume bitcoin will hit $1 million (which is pretty generous), then 0.1 BTC will be only $100,000. If bitcoin hits $5 million, then it will be worth $500,000. With potentially very high inflation in future years, this may not be as great as it sounds today. However, owning any kind of bitcoin is probably better than holding cash.

How many people have $100,000 or $500,000$ today ? This may not be a good amount of money if you are living in a developed country but in many underdeveloped countries, a person possessing this much amount of money will be considered a millionaire.

If you have 0.1 bitcoin, just hold it in a hardware wallet and see what developed after 10 -15 years. It could be a life-changing investment.