The days of buying 1 Bitcoin easily by anyone [ poor] is over.

[Helena Yu]

Not a lot of people make that much in a single year. On average, it would take at least 2years and you’ve got bills to pay in all that, not to mention taxes.

2 years to make $100,000? for sure you live in a good country or have a very good job, because many people can takes 30 years to earn $100,000.

Getting 1 BTC is really hard for most people, I think they're already happy if they can own 0.1 BTC, that's already a good achievement.

However, since we know Bitcoin earlier than most people, we should be grateful as we can accumulate Bitcoin earlier than Average Joe.

[virasog]

Not a lot of people make that much in a single year. On average, it would take at least 2years and you’ve got bills to pay in all that, not to mention taxes.

2 years to make $100,000? for sure you live in a good country or have a very good job, because many people can takes 30 years to earn $100,000.

Getting 1 BTC is really hard for most people, I think they're already happy if they can own 0.1 BTC, that's already a good achievement.

However, since we know Bitcoin earlier than most people, we should be grateful as we can accumulate Bitcoin earlier than Average Joe.

Yup, it may be the whole life saving amounting to 100,000$ for some very poor, underdeveloped countries, but for most people, 1 BTC is a life-changing money. There are very few percentage of people in the world who can afford a full bitcoin these days. Even if you say that 0.1 is affordable for many, soon a time will come when 0.1 bitcoin will become very expensive too, and then people will wish to get hold of at least 0.01BTC.

[Mrbluntzy]

My point is not absurd but call it what ever, I expected different opinion tho, but am not referring to the rich, it's the poor person.

Well I did read through your post before I made my first reply. Basically the context of my reply was actually anchored by the general kind of statement you made about both the rich and the poor being able to buy bitcoins. Basically you were more or the opinion that it is as difficult for the rich to buy bitcoins as it is for the poor too.

This is actually wrong and that was what my explanation was all about. It's more difficult for the poor to invest a ton hence the use of the DCA method but that doesn't apply too for the rich. The more you have the more you should be able to buy.

I later scrapped out the 'rich' that I mention inappropriately in some part, it was a mistake, sorry to have confused you, but my reference was mainly for the poor people who can no longer afford to buy 1 piece of Bitcoin with just a few bucks, that was why I initially said 'it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.' Maybe you missed there.

it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.

Before now (when Bitcoin started) the poor man can just buy many Bitcoin with just small money but now, it's a different story.

[coolcoinz]

What are we even talking about here? Investing is not for the poor, it's never been!

Poor people live from day to day, earn minimum wage or less than that and require welfare. The window for these people to invest in bitcoin has closed 10 years ago.

How would a poor family afford one bitcoin at $5k? If they couldn't, there was no chance for them to invest at 10 or 20k.
That said, most people can afford a few sats. It's better to own very little bitcoin than nothing.

[kawetsriyanto]

What are we even talking about here? Investing is not for the poor, it's never been!

Poor people live from day to day, earn minimum wage or less than that and require welfare. The window for these people to invest in bitcoin has closed 10 years ago.

How would a poor family afford one bitcoin at $5k? If they couldn't, there was no chance for them to invest at 10 or 20k.
That said, most people can afford a few sats. It's better to own very little bitcoin than nothing.

I can agree with you. Poor people may never think to have investment, especially a digital investment. They have limited money, they may have no media (laptop/computer/handphone) to know and manage crypto investment. How they can invest in Bitcoin? 

Sure, poor people earn less wage, they only use it for main necessities. Instead of having excess money, they have less money for basic needs. With this condition, there is no way that they can consider to buy Bitcoin. If they have excess money from their wage/salaries, it means they aren't poor people.

Yep, it isn't a must to have 1 BTC. We can buy Bitcoin gradually about 0.0001 - 0.0005. If we continue it for many years, we may have good number of Bitcoin in the wallets.

[Jegileman]

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

Almost everyone coming into the crypto space already knows how expensive it can be to own one bitcoin as a very low earner or an average earner or even a pretty good earner. You have to be super rich before you can purchase 1 bitcoin because of how big the price of 1 bitcoin is today. That aside, a lot of people today will still see the price of bitcoin as something cheap for them that they can buy at anytime the quantity of which they want, but it is not as easy as it was in the past when the price was still low.

The value of a bitcoin that was still very low before also didn’t bring the attention of most people to own any that time, as most of them believe it’s going back to zero. Those that took the early decision to buy are enjoying the moments now but even as the price has skyrocketed, people are still there that can afford 1 bitcoin or more but the vast majority of people holding bitcoin cannot buy 1 bitcoin at a buy, some needs to DCA until they achieve that and some cannot get up to that amount and will have to just stop at the quantity which they can afford less than one.

[Mia Chloe]

I later scrapped out the 'rich' that I mention inappropriately in some part, it was a mistake, sorry to have confused you, but my reference was mainly for the poor people who can no longer afford to buy 1 piece of Bitcoin with just a few bucks, that was why I initially said 'it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.' Maybe you missed there.

Exactly that was my point initially. Before you made an edit the context of your post was actually referring to both the rich and the poor having difficulties in purchasing 1 bitcoin which is basically something I agree with. Based on most standards a rich person should be able to afford a bitcoin in a single buy.

Nevertheless that being said, still it's not that common to come across rich people that buy 1 bitcoin, for some reason it seems most people prefer to buy smaller bits that a huge chunk.

[JollyGood]

The content/context of the OP was irrelevant. I will leave it for others to judge but I think the OP designed the post in order to attract merits (that is my opinion).

Regarding the amount of Bitcoin people are capable of buying today, it depends on many factors but $96,000 (the value of a Bitcoin today) is beyond the reach of most people. They simply do not have that much disposable income to take the risk of buying BTC. How many people would want to use any of their hard earned salaries (in this cost of living crisis) on buying Bitcoin even if it were fractions rather than a whole?

There are still plenty of ways to earn 1 btc, but you are required to think outside the box. Normal people aren't going to go out and earn anywhere near 1 btc. Only a determined person will be able to reach that threshold now.

Besides, why stop at 1 btc? It would be great for you to have 10 btc for example.

[Ever-young]

No matter how much, - 1 BTC or 10, or 0,001, it would still be the same BTC, and its value would remain on the same level, the price of it - surely, it would be different.
Anyone can start small and grow up little by little.

Starting small and growing little by little is what everyone should be doing and not to be thinking about how they can get one bitcoin at a time which is what makes most of them consider bitcoin to be very expensive when what ever you buy and hold their will be something to show off it, be it units of Bitcoin or a whole bitcoin the difference is the over all value.

[nullama]

~snip~
Starting small and growing little by little is what everyone should be doing and not to be thinking about how they can get one bitcoin at a time which is what makes most of them consider bitcoin to be very expensive when what ever you buy and hold their will be something to show off it, be it units of Bitcoin or a whole bitcoin the difference is the over all value.

Yes. Exactly this.

There will always be a number that people struggle to get. In Genesis it might have been a million coins, then a thousand, then a hundred, ten, and now one.

Later on it will be a million sats, etc.

What matters is that you put fiat in there so that it grows in value, independent of how much Bitcoin you get for it.

What matter is time in the end.

[Yablee0]

I wanted to throw this topic as a question but I feel confident to say that the days where anyone (poor) can easily acquire one Bitcoin is over. The reason why I feel such confidence is because, at the beginning, things was easy, and people where living good life because things was very cheap then, jobs where available, 1 month salary can serve a house hold budget and yet there will br enough money to save for that month but looking at how things have changed right now, salaries of so many people can not even complete their house hold budget for a months, it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.

Let's all be truthful to ourselves, since 2020 till today, how many times have you heard that a middle class or a poor person bought 1 or more Bitcoin? Does it means that they don't love to own 1 Bitcoin? Many poor people love to own even more than 1 Bitcoin, but yet, no matter how hard they try ( from year to year) they are not able to get 1 Bitcoin, the only people that are very opportuned to buy 1 or more Bitcoin are just the rich people. Since 2020 till today, how many person do you know to have been able to buy one or more Bitcoin?.

That's the reason why I feel confident to say that, the days which anyone can get one Bitcoin is over.  A lot of people, their yearly income is not even up to $20k, some people are not even up to $8k a year.

Does this thing bother anyone of you here or no body gives a fuck?

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

It quite unfortunate that things turn out to be this hard and toxic making the financially handicap to be unable to purchase bitcoin as much as they desire.

I know that the current economy melt down has made so many citizens to be unable to invest but instead of being a no coiner it is better to be a low coiner.

So I suggest using the dca method (buying bit by bit) for you not to be left out completely due to how expensive bitcoin is.

[Zanab247]

People are still buying 1 BTC easily in this current days, because they have the money to buy as much they want, and there is no fear of the inflation that is affecting many countries, and such people have made their wealth some years ago when the price of BTC was very low. In this economy situation, is not easy for poor people to buy  little BTC, because they are after what to eat daily to survive in this hardship, and even though they struggle to buy BTC and hodl for future purpose, hunger will still push them to sell in a short period of time.

I can still remember some years ago, when the price of BTC was very low and people where buying 1 BTC like a competition to hodl for a long years without experience any temptation to sell the 1 BTC in the bearish season because they know there is a massive profits ahead of them in the nearest future.

[FortuneFollower]

People are still buying 1 BTC easily in this current days, because they have the money to buy as much they want, and there is no fear of the inflation that is affecting many countries, and such people have made their wealth some years ago when the price of BTC was very low. In this economy situation, is not easy for poor people to buy  little BTC, because they are after what to eat daily to survive in this hardship, and even though they struggle to buy BTC and hodl for future purpose, hunger will still push them to sell in a short period of time.

I can still remember some years ago, when the price of BTC was very low and people where buying 1 BTC like a competition to hodl for a long years without experience any temptation to sell the 1 BTC in the bearish season because they know there is a massive profits ahead of them in the nearest future.

That was quite a while, and maybe your surroundings are different, but from many perspectives, it's undeniably hard to accumulate even 1 BTC, not to mention more of it.
But the point remains the same - no matter how much of it you accumulate, you are still doing the right thing, and you will be rewarded for that appropriately.

[Man of peace]

.

Does this thing bother anyone of you here or no body gives a fuck?

It really bothers me so much if there's any remedy to this I would have taking the step ooh,and you have said it all, really a common Man has no hope of buying 1Bitcoin nowadays . common Man have given up in buying bitcoin at this present economy especially to my own country due to the higher inflation,so to myself I have assumed that I have missed the opportunity.aspect if there is a miracle that brings down the price of Bitcoin to the grassroots, only then they will be hope for a common Man but as it stands now it's on a very higher side for the poor man to buy Bitcoin..i know that people are buying it on a daily basis,but those are the rich people and not the poors and that is why the rich are getting richer and poor are getting pooier..

[nemesis_incarnate]

It really bothers me so much if there's any remedy to this I would have taking the step ooh,and you have said it all, really a common Man has no hope of buying 1Bitcoin nowadays . common Man have given up in buying bitcoin at this present economy especially to my own country due to the higher inflation,so to myself I have assumed that I have missed the opportunity.aspect if there is a miracle that brings down the price of Bitcoin to the grassroots, only then they will be hope for a common Man but as it stands now it's on a very higher side for the poor man to buy Bitcoin..i know that people are buying it on a daily basis,but those are the rich people and not the poors and that is why the rich are getting richer and poor are getting pooier..

You can't buy 1 BTC now, but you can definitely just accumulate more of it.

Remember - the further we go, the harder it gets (meaning less BTC for more fiat, so to speak) - that's why we need to act now if we want results.

Not 1 BTC, but 0,005 or 0,1 BTC

[YOSHIE]

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

Yes, I agree with this kind of thinking, this kind of mind that I am waiting for from the Bitcointalk community, I rarely see thinking like this, which I often see is precisely adoption, rules, Prohibition, Pope and so on, rarely someone talks about Bitcoin opportunities for those who are poor, as if the poor are no longer part of Bitcoin.

OP I believe that who is here, especially the middle economy they can rise and be confident, they have hope to start the journey of life in Bitcoin, as you told.

[Marykeller]

I think each of us is investing in Bitcoin according to our financial resources can carry. Our financial resources are not equal, so is our risk of investment.

I know that some people in the world can afford to buy 1BTC at its current price, but they wouldn't like to risk it all at once to buy 1BTC. Instead, they would prefer to buy fraction by fraction as the market depreciates until they achieve the aim of having 1BTC or more.

To us, whose income is low, we buy in fractions as our income comes in, and we do believe that in the years ahead our little Satoshi accumulated would be worth more than we can imagine

[LeyMonte]

I can still remember some years ago, when the price of BTC was very low and people where buying 1 BTC like a competition to hodl for a long years without experience any temptation to sell the 1 BTC in the bearish season because they know there is a massive profits ahead of them in the nearest future.

Yes, those who were able to hold it at that time gained. There was a time when no one believed in bitcoin, at that time those who understood what bitcoin was going to do in the future held it. I also traded bitcoin once but I regret not being able to hold it today.

I had many opportunities to hold bitcoin but I left this world and entered a normal job due to which I did not come to this direction. One of my acquaintances held bitcoin and today he has become the owner of that huge amount of money. And now I myself am investing in bitcoin and hoping for something good in the future.

[Jubilee58]

I wanted to throw this topic as a question but I feel confident to say that the days where anyone (poor) can easily acquire one Bitcoin is over. The reason why I feel such confidence is because, at the beginning, things was easy, and people where living good life because things was very cheap then, jobs where available, 1 month salary can serve a house hold budget and yet there will br enough money to save for that month but looking at how things have changed right now, salaries of so many people can not even complete their house hold budget for a months, it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.

Let's all be truthful to ourselves, since 2020 till today, how many times have you heard that a middle class or a poor person bought 1 or more Bitcoin? Does it means that they don't love to own 1 Bitcoin? Many poor people love to own even more than 1 Bitcoin, but yet, no matter how hard they try ( from year to year) they are not able to get 1 Bitcoin, the only people that are very opportuned to buy 1 or more Bitcoin are just the rich people. Since 2020 till today, how many person do you know to have been able to buy one or more Bitcoin?.

That's the reason why I feel confident to say that, the days which anyone can get one Bitcoin is over.  A lot of people, their yearly income is not even up to $20k, some people are not even up to $8k a year.

Does this thing bother anyone of you here or no body gives a fuck?

I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.

So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone  (poor) can easily buy 1 BTC at once.

Gone are the days when bitcoin was a cheap digital asset, and i know from the price history of bitcoin, when bitcoin  was initially launched, the price was even trading for less than a dollar, and over time the price of bitcoin increases and today , the price of bitcoin is no longer cheap.

For small investors, buying one bitcoin in it's present price is not an easy task, though there are bitcoin whales who own so many bitcoin including institutional investors, but for small investors it is a difficult task.

Assuming one is a salary earner, may be you are $20k per month, and with the numerous responsibilities around you, it will take you a very long time to achieve a target of one bitcoin, because you can not be saving all your salary for bitcoin without caring for your family and paying the bills that you are meant to pay.

[Judith87403]

Yup, it may be the whole life saving amounting to 100,000$ for some very poor, underdeveloped countries, but for most people, 1 BTC is a life-changing money. There are very few percentage of people in the world who can afford a full bitcoin these days. Even if you say that 0.1 is affordable for many, soon a time will come when 0.1 bitcoin will become very expensive too, and then people will wish to get hold of at least 0.01BTC.

You're right owning 1btc may seem impossible for some people that's those  who are coming from underdeveloped countries,and my country is a perfect example of this countries. is very hard to own 1btc here due to the rate of our fiat those that started the accumulation journey quite on time are the lucky ones. Those who are still starting the accumulation journey recently still have a long way to go, That is why Alot of Investors keep regretting of not taken advantage during the early stage when the price of bitcoin have not gone this far. And yeah, they missed it because they were busy doubting and also trying to figure out the next move of bitcoin before investing not knowing that the market wait for no body.