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Author Topic: The days of buying 1 Bitcoin easily by anyone [ poor] is over.  (Read 1304 times)
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February 15, 2025, 07:21:11 PM
 #21

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.

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February 15, 2025, 07:28:34 PM
 #22

For many years, people had the opportunity to buy 1 Bitcoin and hold it but at these prices it's now very difficult. $100K is a huge amount of money everywhere in the world. When Bitcoin was below $10K, owning it was possible for many people but most didn't expect Bitcoin to rise to these prices. Even the minority who anticipated this couldn't buy 1 Bitcoin due to life circumstances or had to sell early.
From this point on, owning 1 Bitcoin will be very difficult. Those who have it will be among the few in the world.


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February 15, 2025, 09:57:50 PM
 #23

I dont think its fair to say most folks wont ever get their hands on a full bitcoin.  Sure, some lucky early adopters grabbed a bunch when they were cheap, but that ship hasnt sailed yet.  With some elbow grease and smarts, the average Joe can still reach their money dreams.  Bitcoin is still pretty new so there s room to grow and  will it take hustle and patience? Heck yeah.  But if you want it bad enough and put in the work, you can hit your targets.  I mean, life is what you make it, right?   No reason to think its impossible if you have the drive.

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February 15, 2025, 10:18:33 PM
 #24

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?
i have actually known quite a lot of people but they were not able to buy 1 bitcoin in one go but rather they had to do dca for it and eventually they were able to there have been many success stories all over the internet this forum specifically

yes it’s going to be difficult but not totally impossible
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February 15, 2025, 10:30:09 PM
 #25

The days of buying one whole bitcoin is indeed over since it is now very expensive but for a poor buying 1 bitcoin is still possible by buying little by little by doing the dca strategy. In my opinion, you should change your title because people that isn't rich which is poor could still buy 1 bitcoin. As you have said, you can use money to buy fraction of a bitcoin but if you think about it, since people can buy fraction then you should buy fraction by fraction until it becomes 1 bitcoin.

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February 15, 2025, 10:59:14 PM
 #26

Gone are the days when prices of goods and services are still cheap and affordable, and anyone can easily acquire bitcoin if they wish to. Now, if someone wants to buy bitcoin, some may take a loan or may not pay their bills that time  so they can prioritize buying bitcoin, while some may not manage to buy bitcoin at all because if they do, they will definitely compromise their other matters.

This is a big challenge for us. If you really want to buy and accumulate bitcoin, you will definitely find ways to reserve funds for it, even if it means losing some of your plans. Buying may only be difficult when you are still starting to draw your plan, but if you have already started the process, and just do it consistently, you will find it easier and will get used to it until you don't notice anymore that you already owned 1 bitcoin from all those years of patiently buying small amount.

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February 15, 2025, 11:31:19 PM
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 #27

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.

Do not use your financial situation to make judgement on what others can do or can not do. People have money if you do not have, there are some people that are waiting for Bitcoin to get to a bigger value before they can start investing because by then they will believe that Bitcoin can not crash anymore because of the amount of money that would had been invested into Bitcoin by that price. There are some billionaires that can buy as many amounts of 1 Bitcoin as they can buy. There are companies that are buying more than 1,000 Bitcoin through DCA every time that they invest and there are individuals that can be able to afford investing that amount in Bitcoin. Beside you do not need one Bitcoin to have invested in Bitcoin but any amount you own is fine.

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February 15, 2025, 11:37:04 PM
 #28

Why do you need to own 1BTC while owning a piece of Bitcoin is already enough to experience the potential wealth given by Bitcoin investment?

Bitcoin is for everyone regardless of your financial status since you can purchase few satoshi and stack them slowly until you manage to slowly increase your Bitcoin holding. Yes, it’s impossible to own 1BTC now when you are poor but you can always own a Bitcoin that gives you same experience to every holder of Bitcoin.

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February 16, 2025, 01:13:06 AM
 #29

A lot of people here seem to misunderstand this post. What the op is saying in essence is that invest what you can afford. If you  can afford 1 Bitcoin get it, if you can't buy what you can. This advice is great because a lot of people want to invest but they feel buying little fraction of it is too small. For me, I don't think is small.
So many people can't buy 1btc at the moment unless you are extremely rich so Op is Right
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February 16, 2025, 09:55:25 AM
 #30

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?.
I am in no doubt because what you have said is nothing far from the truth. We are far from the days where Bitcoin can easily be afforded by both the poor, rich and the middle class. Now only the millionaires and Billionaires can easily afford to buy 1 Bitcoin at a spot. And also those who have saved for a long time now before they get interested in owning a Bitcoin.

But bro i know someone who think a huge loan to buy Bitcoin and in 5 years he is to pay back the loan. He works at a company and he is allowed to take such an amount in loan. Surprisingly there can be much more opportunity to buy Bitcoin apart from taking loans.

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February 16, 2025, 10:22:10 AM
 #31

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.
Things were cheap years ago and one month salary was enough to feed the family but the world was very different back then, there was no iPhone, there was no promotion of fitness, there was no promotion of clothes, luxury cars and so on. Today we want all of these. The different today is that the world is more suited on rich people. Once you manage to become rich, life becomes amazing but years ago, life was more likely the same for everyone.

Well, a few years ago, you could say no to your iPhone 5, iPhone 6 and instead buy a Bitcoin but today the price is so high that you have to say no to new house in order to buy a Bitcoin. Does it bother me? Of course it does because I didn't know about Bitcoin and I missed the opportunity to change my life but I think it's completely meaningless to think about the past because we can't change it, so I try not to think about it.
By the way, my goal changed from 1 Bitcoin to 0.1 Bitcoin Cheesy

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February 16, 2025, 10:42:27 AM
 #32

The thing is that it doesn't matter if you have 1 BTC or a fraction of it.

If you invest money into Bitcoin, that money will most probably be worth more in the future.

It doesn't matter if you don't get 1 BTC, you can still invest a fraction of it. 1 BTC is simply 1/21-millionth of the entire asset, would you not invest in shares of NVIDIA for example if you can't get at least 1/21-millionth of the entire company?, makes no sense, you just invest the amount that you can, and that's it.

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February 16, 2025, 12:20:10 PM
 #33

OP, all of this which you have said has always been the reason I always do mention that the best time to buy Bitcoin is always now and not  later because the longer you wait the more expensive it becomes such that you may no longer be able to afford  one so it's best to make sure to get as much as you can get now while it's still at the price where it is but then in the nearest future you are going to have the value of the unit you bought now going up so high.

Bitcoin can and will not remain affordable,  as at now it may be to some.but in the nearest future it may not to same persons and for the average and poor it may even go beyond the units they can afford now so again the best time to buy Bitcoin was years ago and another second best time is now because tomorrow may turn out too expensive.

 
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February 16, 2025, 12:22:02 PM
 #34

Incorrect for so many reasons op. You assume that BTC will always stay at such a high price and will never drop back down which is silly considering how volatile it is and history has pretty much proven that.

For example, Trump could suddenly reverse his decision about supporting crypto and send BTC falling to a crazy low price thanks to which even poor people can purchase 1 BTC comfortably.

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February 16, 2025, 02:07:07 PM
 #35

Incorrect for so many reasons op. You assume that BTC will always stay at such a high price and will never drop back down which is silly considering how volatile it is and history has pretty much proven that.
A next bear market will give many time and opportunities for people to accumulate more bitcoin, it will be nearly similar to past bear markets.

If you can not accumulate 1 bitcoin, you can accumulate 0.5 bitcoin or 0.1 bitcoin or 0.05 to 0.01 bitcoin, it's good if you can do accumulation before a next bull market.

Overview with addresses holding x btc by year.
Then details with addresses greater than 0.01 BTC to
greater than 0.1 BTC and greater than 1 BTC.

You can see that past bear market witnesses sharp increases of addresses holding x BTC. It's no evidence to say about how many Bitcoin owners could do it in the latest bear market, but you can see a general picture.

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February 16, 2025, 02:19:40 PM
 #36

absolutely agree. people have not yet realized that now the players / buyers are totally new and bigger.
We have seen long time with price at 1K or less to 40K USD. It was somewhat possible buy a btc (price of an expensive car at maximum).
Now you need a mortage for buying a coin. Litterally. If you think that most of population CANT receive a mortage, anohter big portion has not enough money and they need a mortage for buying a porperty... just few people (real rich) can now playing the game.
I am pretty sure a lot of people will regret to not having a dime on the currency after years of years of... "nah I will not buy that s*it" Wink

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February 16, 2025, 03:34:22 PM
 #37

So many people can't buy 1btc at the moment unless you are extremely rich so Op is Right
It's too exaggerated, extremely rich is at least multi millionaire people, $100K might be a peanut for them.

Middle upper class able to buy 1 Bitcoin, they have a house and a car that worth for $100K or even higher, although most people will not gonna do it. I heard there was a family sold their house to buy Bitcoin and they choose to live in Van, although they ended up successful with that idea because they made a lot and they technically can buy their house for "free".

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February 16, 2025, 06:16:51 PM
 #38

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.
The math isn't mathing, to be honest. The ways to acquire large amounts of Bitcoin (>1 coin) are abundant, but in reality, quite limited to the average person. One thing is certain: working a 9-5 job isn't going to make it happen unless you devote your whole life to acquiring that one Bitcoin. Perhaps if you're in a developed country with high salaries, such as Switzerland, Norway, or the U.S.A., where the wages are completely higher than we're used to in Balkan or Eastern European countries, then you could perhaps accumulate if you set up an investment plan within a few years.

Whether we like it or not, accumulating Bitcoin has become a lot harder, almost impossible, for the majority of us, and it's even worse for those, including myself, that saw it pass all the different stages of growth.

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February 16, 2025, 06:17:10 PM
 #39

The inability of most people to afford one BTC is not only in the fact that inflation has reduced the purchasing power of people's salaries, but also because BTC in itself has been rising against inflation. If BTC's price was ~ $5-10k right now, more people would still be able to afford it, despite the economic challenges that they are facing, however at $100k, that is a lot, and i mean everywhere in the world, so that makes it difficult to acquire one BTC, but we can still do so in smaller bits.

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February 16, 2025, 06:53:51 PM
 #40

I read your post carefully and I can categorically tell you that there's no point pushing this narrative, life's a rollercoaster, the so called poor man today with no bitcoin could be a multi bitcoin holder in the nearest future.
A bitcoin enthusiast might be struggling financially today but that doesn't kill the bitcoin desire in them, owning bitcoin is a financial journey, could be slow and steady because every satoshi matters.



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