Days you need to work your ass at minimum wage for a BTC, by country

[stompix]

TBH, It's not 100% accurate about Bangladesh. It would take 3832 days (approx) for you to own a bitcoin here (if you save all your monthly income)

Allow me to doubt that the minimum wage in Bangladesh is ~$230 a month.
https://www.yahoo.com/entertainment/bangladesh-workers-not-letting-minimum-210937213.html

June 9, 2023
Worker leaders and organizations in the garment industry which employs more than 4.4 million workers, are calling to triple the present minimum wage of 8,000 taka, or approximately $74 a month at the present exchange rate, to 22,000-24,000 taka or up to $222.30.

I was searching for Nigeria and finally I saw it but no data is inserted there.

Nr 120! 12,153 Days.

I'm not sure I understood the numbers.
For instance, for Luxemburg, it says 341. What does this mean? Is it that in less than a year, you can buy a Bitcoin if you invest all your minimum wage in Bitcoin?

Exactly!

I did not see italy on the list?

Italy has no mandatory minimum wage.

[darkv0rt3x]

TBH, It's not 100% accurate about Bangladesh. It would take 3832 days (approx) for you to own a bitcoin here (if you save all your monthly income)

Allow me to doubt that the minimum wage in Bangladesh is ~$230 a month.
https://www.yahoo.com/entertainment/bangladesh-workers-not-letting-minimum-210937213.html

June 9, 2023
Worker leaders and organizations in the garment industry which employs more than 4.4 million workers, are calling to triple the present minimum wage of 8,000 taka, or approximately $74 a month at the present exchange rate, to 22,000-24,000 taka or up to $222.30.

I was searching for Nigeria and finally I saw it but no data is inserted there.

Nr 120! 12,153 Days.

I'm not sure I understood the numbers.
For instance, for Luxemburg, it says 341. What does this mean? Is it that in less than a year, you can buy a Bitcoin if you invest all your minimum wage in Bitcoin?

Exactly!

I did not see italy on the list?

Italy has no mandatory minimum wage.

In my country I would need about 36 months (3 years) to be 1 Bitcoin holder. And not even taking into account the price variation in those 3 years. Because I believe that in 3 years, the price will be quite higher than now.

[Agbe]

Nr 120! 12,153 Days.

Thanks. Add it to what you have provided, in some States in Nigeria, working days have been reduced to 3 days a week base on the inflation of transportation which is caused by the hike of fuel pump price in the country.

[Altryist]

In my country I would need about 36 months (3 years) to be 1 Bitcoin holder. And not even taking into account the price variation in those 3 years. Because I believe that in 3 years, the price will be quite higher than now.

Actually, it is very difficult to determine how long it will take to get 1 bitcoin, because we do not know how it will behave in the upcoming bull market, which may already be underway. If it happens that bitcoin is worth more than 100k or even more, then the goal of 1 bitcoin for most ordinary people bitcoin will become unattainable, since they are already burdened with mortgages to pay off their homes, or whatever, for decades.

[darkv0rt3x]

In my country I would need about 36 months (3 years) to be 1 Bitcoin holder. And not even taking into account the price variation in those 3 years. Because I believe that in 3 years, the price will be quite higher than now.

Actually, it is very difficult to determine how long it will take to get 1 bitcoin, because we do not know how it will behave in the upcoming bull market, which may already be underway. If it happens that bitcoin is worth more than 100k or even more, then the goal of 1 bitcoin for most ordinary people bitcoin will become unattainable, since they are already burdened with mortgages to pay off their homes, or whatever, for decades.

Of course, but if we want to answer the OP quesiton, we need to start with some assumptions, otherwise, it doesn't even make sense to try to predict whatever about Bitcoin.
That's why I said that I wasn't taking into account the price variation. Many other factors could be taken into account, but we would reach a point where no prediction could be done whatsoever!

[Synchronice]

And you're going to work every day of the week, 30 days out of 30? 
The table takes into account the maximum working hours also, it's derived from the minimum wage a worker can get with the minimum required of work a week. So it's (1635564/610)*7/5 so 3,753, pretty close to the table at 3,862.

My father used to do trades absolutely every day for more than 10 years, the only time he was resting was winter because it was impossible to work during very cold temperatures. Gladly that was a long time ago.
Probably a lot of Americans, Japanese and Chinese work almost 30 days out of 30 because of their working culture. Europeans prefer to have a good work-life balance and get slightly paid less but if we compare our healthcare to American healthcare, probably we work less and get paid more

It's funny how you come across an interesting topic on a forum by accident... By the way, I can't find Switzerland anywhere? I bet it should be in the top five.

Switzerland doesn't have a minimum wage, neither did Germany till 2015.

Not only Switzerland but as far as I know there is no official minimum wage in Austria, Italy, Denmark, Finland and Sweden but somehow Austria is in your list. I'm sure there is no statutory minimum wage in Austria but to be honest, salaries in Vienna are higher than in many other countries.
Also, salaries in Nordic countries are one of the highest despite the fact that there is no official minimum wage.

[justdimin]

It's funny how you come across an interesting topic on a forum by accident... By the way, I can't find Switzerland anywhere? I bet it should be in the top five.

Switzerland doesn't have a minimum wage, neither did Germany till 2015.

Not only Switzerland but as far as I know there is no official minimum wage in Austria, Italy, Denmark, Finland and Sweden but somehow Austria is in your list. I'm sure there is no statutory minimum wage in Austria but to be honest, salaries in Vienna are higher than in many other countries.
Also, salaries in Nordic countries are one of the highest despite the fact that there is no official minimum wage.

I think it's more about people realizing that in some nations there are enough people to work in all jobs. When you have a lot more, it becomes a mandator thing. Think of it like this, if you end up working in a nation with 10 million workers and 10.5 million jobs, that means it's hard to stay unemployed, you will find a job, and if they pay you very little then you can quit and find another job.

But, if you work in a nation where there are 10 million jobs but 20 million people, then they can fire you, and pay you very little and you can't quit because you can't find another job. This is why there are some nations with no minimum wage, and there are nations with a minimum wage, that's the difference between them for sure.

[stompix]

Bumping this as I just saw a discussion about the same thing and I wondered how much the price jump has changed those figures.
So I've added the new numbers for a price of 47500 per coin and when I look at the bottom of the list things got ridiculous.

Excluding Venezuela which is a league of it's own:
Bangladesh added nearly 30 000 days, so about 82 years.
India got an extra 9000 and a bit so about 25 years.
The worst in Europe, Moldova got away with just 9 extra years of work.
Only 15 country managed to keep the extra work under a year.