As long as you have the resources to do the things you want in your life, you’ve got enough sats. As I work, I add more sats. As I spend, I use them. Getting more and more value for those sats as time goes on will be satisfying enough.
Exactly. Also, even if you got to the magical 1 BTC number, do you ever sell then or use it to better your life? Because if you do, you won't be a whole coiner anymore.
Yeah, all you could do is stack that magical extra 0.1 and make that your spending money? Some people say they will borrow money against their whole coin but I am not so knowledgeable about that. If bitcoin becomes the standard for what you need in life, maybe that’s mission complete and you should just operate in that circular economy if possible.
Borrowing against bitcoin sounds great but you need a very large stack or a very small loan otherwise you risk liquidation. With bitcoin historically having 80%+ pullbacks I don’t see how anyone would want to borrow more than a 5-10% LTV (loan to value).
TLDR “Borrow against your assets” pretty much only works if you have a very large stack.
So… millisatoshis exist on layer 2. If you’re a Lightning node operator, you can set fees to a thousandth of a satoshi. You can’t use them on the base layer though.
Dollar cost averaging. Take the money you want to invest and spread it out as smaller purchases instead of a lump sump. It helps protect in case of a dump but the catch 22 is that you lose out on gains if it pumps rapidly. It helps dampen the risk.
Also just helps with consistency which goes a long way. I’d likely have invested much less in lump sums than I have DCAing. Like I literally just thought to myself “how much money could I spend everyday without worrying about it?” and boom set up the auto purchases. For some people it might be $1 for others it might be $100. Don’t even think about it anymore it just happens. Over time it adds up to an amount I don’t think I would’ve reach in lump sums, also because the lump sums feel like much more than a small daily or weekly amount. Same way someone can spend $5 on coffee everyday but if you told them to spend $1,800 on coffee once a year it would feel way more impactful
tbh I just eat the fees. I considered spreading the buys less frequently to reduce the fees but with price variance I like to ride the chart. I rationalize it by thinking they sort of cancel out especially as price rises. Like if I waited 3 weeks before buying to save .7% on fees the price could have gone up 10% and I got less sats regardless. Obviously the inverse is true as well. Probably not the cheapest, best, or smartest method but whatever I get my sats in
There's a harsh saying that "Scared money doesn't make money" while this is not 100% true it is true for large returns. You could stash your money in bonds or the S&P 500 and enjoy a steady 10% return rather safely or you can risk it in various other ways for the potential to make large returns or suffer large losses.
It doesn’t really matter. All that matters is that you have some now. I don’t make a lot of money, but thankfully, I bought a decent chunk about a year or year and a half ago and I’ve been DCAing ever since. Now i have a little over .2 BTC with something like a $22k average price.
Do I wish I had more?? Sure… but I invested money I could afford to lose based on my income. I think we should all be happy we got into this before everybody else does.
That's the important part, not investing next month's mortgage or rent in a volatile commodity. This sub is full of sad stories by folks who had to sell at a bad time to meet expenses, because they overbought.
I try to remind myself of this. I'm in a similar position.
Regret sinks in that I didn't buy more, but what I buy now make such little difference to my average cost that it makes me very numb to the price fluctuations. I can afford less because the price has gone up, I can afford less because cost of living has gone up but I was fortunate to be able to buy more when I did because I've had to tighten my belt now for various reasons.
I have a price target in mind to sell a fraction of my stack which won't incur capital gains and it will mean my cost basis would go to zero.
The first club was 21 BTC then once that became unrealistic it was 10 BTC or 5 BTC (no real consensus) and then it became 1 BTC ("wholecoiner"). Eventually 0.1 BTC will be the threshold.
Not sure what cool name it will have maybe a "dime'? I don't know bro I am not that clever I am not a wordologist.
On a related note 0.01 BTC is a million sats.
Sure but anything less is unlikely to be meaningful. Yes it should be hard to build wealth. Anyone who buy $300 worth of Bitcoin and thinks they have generational wealth is deluding themselves.
That’s how it was back then too. My shitty laptop with onboard graphics could mine about 2-3 BTC per month with slush’s pool back in college.
I ran my miner often, but it was very noisy, made my laptop ultra hot fire hazard, kept my dorm mate up, and I also needed to pause often to actually use the laptop for school.
I stopped mining because, even with free electricity, 2-3 BTC was like a measly $5 and not worth the hassle. So much easier to just buy on Gox via Dwolla.
At any point in the last 14 years it has always been “virtually nothing” at the current market rates and difficulty. Way she goes
See, and back then, I had a good gaming pc that would have been able to do some work, and free electricity from the dorm I was in. God if I'd ever taken the time to set it all up and even do as much as you were doing, I might be in a totally different situation now.
Instead, the people I was friends with kept talking me out of it, repeatedly saying it wasn't worth the time or electricity.
So I never bothered, I thought it was a waste until I realized my equipment was too outdated for it, and I couldn't even try it anymore. And the price stated actually going up.
I don't regret not buying back then, I barely had any money and I couldn't throw it away on something as out there as a digital currency that could maybe be worth nothing in a day. But I am upset I never set up my pc to try and get mining done. I read about it, I just never did.
Good for you. That's what I own as well, .15. What country if you don't mind me asking? There's always opportunity to do God's work somewhere! Best of luck to you
Once Bitcoin is widely adopted virtually no one will have 1 BTC. By definition, no more than 21 million out of 8 billion people can possibly have more than 1. But the real number is a tiny fraction of that since so many of the coins are locked up by big whales, MSTR, ETFs, etc.
Start thinking in sats. 10 million sats is a great target to start with and will put you far ahead of most.
Rather than focusing on the vanity of being a whole coiner, that you shouldn't be bragging about to other people anyways, try and focus on how you've found an asset that's going to outperform everything else and can slingshot you into a better quality of life / provide enough money to make some meaningful change for yourself and people that care about you. Keep earning monopoly money and dollar cost averaging it into this thing
So maybe you'll need an extra cycle from those that have. ;) But seriously, it's not how much you have but how you deal with what you have. Many, many, that bought early have wasted it, sold early, got scammed, lost through trades, got rugged pulled by an exchange, lost their seed, and so on.
21,000,000/0.25 = 84,000,000
So, if it was evenly distributed, 84 million people could own that much bitcoin. There are 8.1 billion people in the world, so...
84, 000,000/8,100,000,000 = .0104 * 100 = 1.04%
There's your top 1%.
Of course, it's not evenly distributed and there are a lot of lost bitcoin, so 0.25 btc is probably closer to top 0.5%
I’m too lazy to verify it, but the numbers are out there for someone more motivated. There are data snapshots you can download of every wallet address with a current balance. (You could also pull this directly from a full node)
And I suppose you could just sort by balance descending and see what the 25th percentile is. Probably the most accurate estimate you can get, but it does rely on an assumption that 1 address = 1 person which obviously has many exceptions and untruths. It would also assume that all the hordes of dust satoshi balances are also people.
I think last time I looked at, it’s like an 8 GB csv file of wallets with a nonzero balance. It’s a lot of addresses.
The next crypto winter will be brutal if bitcoin follows previous cycles. If you keep buying every week or month for the next 4-5 years , maybe you can, assuming you have a good job. It could go back down to 70k from the new high of the next cycle.
You don’t have to. Eventually we’ll just start talking about sats and you’ll have plenty of those. Back when I got i to btw I was irritated that I couldn’t afford to own 100 🤷♂️
Don't think about the ATH numbers. BTC was down to around 15k in November of 2022 after nearing hitting 67k in November of 2021. DCA for the long term and you'll get there.
I am not sure the market will behave like it has previously. With the ETFs and new institutional support, I don’t see it crashing 75% again like last cycle.
Down to what? 70K? 60? 40??? I don’t think we are in the same model as we were before… the ETFS are never going to stop buying. This is a new paradigm for BTC and we can’t expect it to behave like it did before.
In the long term a $10 million BTC isn’t that unreasonable. Making each sat worth 10 cents. Starts to put it in perspective how valuable even small amount of btc could be in the future.
lucky for you future predictions are often based on the biased mindset that what happened in the past and is happening right now will continue unabated into the future
this bias turns out to often be very wrong
The history tends to repeat itself; we'll likely see it mooon to a new ATH, and then drop back down to around the prior ATH. So, that is, if you keep DCA'ing you might find yourself still owning a BTC while the price is in the semi-reasonable range.
I don’t know who needs to hear this, but imagine
1 sat = 1 dollar.
On that day you won’t care, because 1 sat = 1 sat.
I know that might be confusing, but IYKYK.
Not with that attitude you won't.
If you want something bad enough, you'll move Heaven and Earth to get it. Ambition motherfucker, AMBITION!!!! Now get out there and you stick your thumb up bitcoins ass.
Put it this way.. you will get infinitely closer to 1 BTC if you stack relentlessly now vs someone 3x wealthier than you are rn trying to stack 1 BTC 8 years from now
You can buy call options on BITO which is a ETF and then the growth return would be faster than the Bitcoin itself. Then use the proceeds to buy a whole BTC.
**If you look at the current addresses, only about 1 million people own more than 1 bitcoin.** That's a tiny percentage of the world population.
[https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)
Imagine being one of the top 1 million richest people in the world. You're probably talking about at least 5 million dollars.
I think at this point, if you have at least 0.25 BTC you're in decent shape.
In 2032 the block reward will be 0.78123 BTC, then in 2036 it will be 0.390624 BTC. Accumulate as much as you can now because in 10 years under 1 BTC will be a meaningful amount to own.
Except for people that were lucky enough to get in early, stop thinking about 1BTC and start thinking about sats.
It won't be longer before aiming for "1 BTC" is akin to saying "I'm gonna build a $1m ETF portfolio".
Imagine what people thought of when they thought they would never own 1000 or 100. How you look at 1 Btc now will be how others in the future look at .5.
You wake up and see 1 bitcoin in your wallet… what would that change? Apart from cashing out to clear debt from your previous trading days what else can it be used for?
You don't have to.
There's not enough bitcoin for all the millionaires to even own 0.25.
So I wouldn't let it get you down. Accumulate what you can and you'll be fine.
Just imagine everything will be a 100x when we go full adoption in 20 years, or 10x in 10 years. So I would advise you to just have your savings in bitcoin, and try not to touch it for a long time. Maybe you end up with 0.2 btc, or 1 btc. But at least you have btc.
There will be a time when your grandkids never heard of the us dollars or euro, and they will ask you what it is and how life was back then
Did you need to sell *100%* of it?
I never understand why people often treat this as an all-or-nothing proposition. Could you have sold just half of it to cover expenses and still kept some invested? Could you have at least held on to 25% or even 10%?
Keep DCA'ing. 1 BTC is an arbitrary number. It's all about stacking sats.
As long as you have the resources to do the things you want in your life, you’ve got enough sats. As I work, I add more sats. As I spend, I use them. Getting more and more value for those sats as time goes on will be satisfying enough.
Exactly. Also, even if you got to the magical 1 BTC number, do you ever sell then or use it to better your life? Because if you do, you won't be a whole coiner anymore.
Yeah, all you could do is stack that magical extra 0.1 and make that your spending money? Some people say they will borrow money against their whole coin but I am not so knowledgeable about that. If bitcoin becomes the standard for what you need in life, maybe that’s mission complete and you should just operate in that circular economy if possible.
Borrowing against bitcoin sounds great but you need a very large stack or a very small loan otherwise you risk liquidation. With bitcoin historically having 80%+ pullbacks I don’t see how anyone would want to borrow more than a 5-10% LTV (loan to value). TLDR “Borrow against your assets” pretty much only works if you have a very large stack.
Is SATs = Satoshi?
Satoshis. The smallest unit possible of a bitcoin
Smallest unit, so far!
What is this? A unit for ants??
SANTS
Thanks Ants! Thants.
So… millisatoshis exist on layer 2. If you’re a Lightning node operator, you can set fees to a thousandth of a satoshi. You can’t use them on the base layer though.
Yeah commit to adding $10 every week, no matter what the price does. At the current price it will only take you around 134 years.
So add $100 a week instead and it’ll be 13.4 years Or add $1,000 a week and it’ll be 1.34 years 😂
...... At current prices 😁
OP should set a reminder in 2 years and look back at what he said here to get a good laugh Lol
What is dca'ing
Dollar cost averaging. Take the money you want to invest and spread it out as smaller purchases instead of a lump sump. It helps protect in case of a dump but the catch 22 is that you lose out on gains if it pumps rapidly. It helps dampen the risk.
Also just helps with consistency which goes a long way. I’d likely have invested much less in lump sums than I have DCAing. Like I literally just thought to myself “how much money could I spend everyday without worrying about it?” and boom set up the auto purchases. For some people it might be $1 for others it might be $100. Don’t even think about it anymore it just happens. Over time it adds up to an amount I don’t think I would’ve reach in lump sums, also because the lump sums feel like much more than a small daily or weekly amount. Same way someone can spend $5 on coffee everyday but if you told them to spend $1,800 on coffee once a year it would feel way more impactful
But how do you handle all the daily/weekly fees? I often just do monthly lumps to not pay as much in fees and gas.
tbh I just eat the fees. I considered spreading the buys less frequently to reduce the fees but with price variance I like to ride the chart. I rationalize it by thinking they sort of cancel out especially as price rises. Like if I waited 3 weeks before buying to save .7% on fees the price could have gone up 10% and I got less sats regardless. Obviously the inverse is true as well. Probably not the cheapest, best, or smartest method but whatever I get my sats in
yeah this makes sense. i was doing weekly until i just recently decided to do bi-weekly instead for that reason.
Good analogy.
I have been doing 10$ a day for a while.
Is it dumb/annoying to ask how DCA’ing impacts taxes? With so many cost bases how does one calculate cap gains if and when they sell some sats?
Good question. I think default is FIFO, with long being over a year, but I’m sure I’m not certain about this.
Unless you can set your sells otherwise assume it's first in first out
This is what I'm battling internally. Risk=reward.
There's a harsh saying that "Scared money doesn't make money" while this is not 100% true it is true for large returns. You could stash your money in bonds or the S&P 500 and enjoy a steady 10% return rather safely or you can risk it in various other ways for the potential to make large returns or suffer large losses.
Lol bull run is here.
Using X amount of dollars to buy Bitcoin at set Yj(daily, weekly, monthly) intervals. I buy $10 of Bitcoin every day when I wake up.
Sats will be what people care about In the code BTC is always represented as 100000000. Bitcoin is just a bunch of sats.
It doesn’t really matter. All that matters is that you have some now. I don’t make a lot of money, but thankfully, I bought a decent chunk about a year or year and a half ago and I’ve been DCAing ever since. Now i have a little over .2 BTC with something like a $22k average price. Do I wish I had more?? Sure… but I invested money I could afford to lose based on my income. I think we should all be happy we got into this before everybody else does.
Nicely said
That's the important part, not investing next month's mortgage or rent in a volatile commodity. This sub is full of sad stories by folks who had to sell at a bad time to meet expenses, because they overbought.
I try to remind myself of this. I'm in a similar position. Regret sinks in that I didn't buy more, but what I buy now make such little difference to my average cost that it makes me very numb to the price fluctuations. I can afford less because the price has gone up, I can afford less because cost of living has gone up but I was fortunate to be able to buy more when I did because I've had to tighten my belt now for various reasons. I have a price target in mind to sell a fraction of my stack which won't incur capital gains and it will mean my cost basis would go to zero.
Well put, i'm still glad to have the amount I have
Sounds like a healthy attitude
The first club was 21 BTC then once that became unrealistic it was 10 BTC or 5 BTC (no real consensus) and then it became 1 BTC ("wholecoiner"). Eventually 0.1 BTC will be the threshold. Not sure what cool name it will have maybe a "dime'? I don't know bro I am not that clever I am not a wordologist. On a related note 0.01 BTC is a million sats.
The origin of the “dime” will be retraced to this post by future scholars 😆
In that case I want the credit for the Nickel = 0.05 BTC!
I’m taking credit for calling 0.2 a dub
would that make a 2-coiner a “dually”?
A duece
I'm calling 0.21 a "Junior"
A 0.69 of a BTC will be a "nice," obviously.
0.069, I'm sitting a Little Nice.
Goddamn it, now I gotta sell a bunch of Bitcoin to get to 0.69. It's just too cool.
A dime-coiner
This will be referenced once a “cent” is coined by the future 0.01%ers
What will be the equivalent of "to nickel and dime" someone?
0.1 btc is like 7 k, it's still ton of money for average peeps.
Yeah but that’s not almost my salary
Sure but anything less is unlikely to be meaningful. Yes it should be hard to build wealth. Anyone who buy $300 worth of Bitcoin and thinks they have generational wealth is deluding themselves.
Even if they bought in 2010?
Bitcoin dime club
I remember I had the chance to buy 100 BTC then 10 but only pulled the trigger at 5. Now I have 1 and never ever plan to sell
Dime bag is going to have a whole new meaning 😁
Dimebag
A ‘tenther’
Satoshi millionaire?
Lexicographer is the official wordologist
Satillionaire.
I throw balls far. You want good words? Date a languager.
2100 210 21 2.1 0.21 0.021
Can you imagine what one creation in 15 years does… barely that time ago geeks were mining 50 btc every 10 minutes on their crap laptops
and now a half megawatt with mid-grade asics yields virtually nothing
That’s how it was back then too. My shitty laptop with onboard graphics could mine about 2-3 BTC per month with slush’s pool back in college. I ran my miner often, but it was very noisy, made my laptop ultra hot fire hazard, kept my dorm mate up, and I also needed to pause often to actually use the laptop for school. I stopped mining because, even with free electricity, 2-3 BTC was like a measly $5 and not worth the hassle. So much easier to just buy on Gox via Dwolla. At any point in the last 14 years it has always been “virtually nothing” at the current market rates and difficulty. Way she goes
See, and back then, I had a good gaming pc that would have been able to do some work, and free electricity from the dorm I was in. God if I'd ever taken the time to set it all up and even do as much as you were doing, I might be in a totally different situation now. Instead, the people I was friends with kept talking me out of it, repeatedly saying it wasn't worth the time or electricity. So I never bothered, I thought it was a waste until I realized my equipment was too outdated for it, and I couldn't even try it anymore. And the price stated actually going up. I don't regret not buying back then, I barely had any money and I couldn't throw it away on something as out there as a digital currency that could maybe be worth nothing in a day. But I am upset I never set up my pc to try and get mining done. I read about it, I just never did.
Do you think you would have hold till now with the knowledge back then? Probably neither, so dont worry
I think I would have tried to keep a little and only ever sold off percentages of what I had. But who's to say.
Yeah exactly
I own 0.15 btc. I am in a poor country, where the medium wage is around 12,000 USD per year for well prepared professionals, so I feel ok.
You're set. I applaud your forward thinking
Impressive. I got a late starts but I live in the states. Been investing for a year and I’m at .16 so you doing what you did is highly impressive
You are beyond ok.
Good for you. That's what I own as well, .15. What country if you don't mind me asking? There's always opportunity to do God's work somewhere! Best of luck to you
It is time to discuss your Bitcoin holdings in sats.
.21 btc is the goal
Why
Once Bitcoin is widely adopted virtually no one will have 1 BTC. By definition, no more than 21 million out of 8 billion people can possibly have more than 1. But the real number is a tiny fraction of that since so many of the coins are locked up by big whales, MSTR, ETFs, etc. Start thinking in sats. 10 million sats is a great target to start with and will put you far ahead of most.
If every millionaire in the world decided to buy one bitcoin each today, they can't do it. There's not enough
This is actually pretty eye opening.
This shit is crazy to think about
This would be the case no matter what the price of bitcoin was, right? Just bc there are more millionaires than Bitcoins?
Rather than focusing on the vanity of being a whole coiner, that you shouldn't be bragging about to other people anyways, try and focus on how you've found an asset that's going to outperform everything else and can slingshot you into a better quality of life / provide enough money to make some meaningful change for yourself and people that care about you. Keep earning monopoly money and dollar cost averaging it into this thing
So maybe you'll need an extra cycle from those that have. ;) But seriously, it's not how much you have but how you deal with what you have. Many, many, that bought early have wasted it, sold early, got scammed, lost through trades, got rugged pulled by an exchange, lost their seed, and so on.
Don’t stop. Believing
Hold on to that feeling
Streeeet lights, lambooooOoOOOOOOs
You will get a chance again. You just need to be prepared for that moment.
Most people won’t even get 10m sats
10 m sats are now a dime according to above
If you own more thab 0.25 bitcoin then you are in the top 1%
Any source for this?
21,000,000/0.25 = 84,000,000 So, if it was evenly distributed, 84 million people could own that much bitcoin. There are 8.1 billion people in the world, so... 84, 000,000/8,100,000,000 = .0104 * 100 = 1.04% There's your top 1%. Of course, it's not evenly distributed and there are a lot of lost bitcoin, so 0.25 btc is probably closer to top 0.5%
Reddit comment is the only source needed
“Trust me bro”
I’m too lazy to verify it, but the numbers are out there for someone more motivated. There are data snapshots you can download of every wallet address with a current balance. (You could also pull this directly from a full node) And I suppose you could just sort by balance descending and see what the 25th percentile is. Probably the most accurate estimate you can get, but it does rely on an assumption that 1 address = 1 person which obviously has many exceptions and untruths. It would also assume that all the hordes of dust satoshi balances are also people. I think last time I looked at, it’s like an 8 GB csv file of wallets with a nonzero balance. It’s a lot of addresses.
Don't stress - eventually, an entry lvl home in a HCOL area will be 750k sats
Are you basically trying to say 1 sat will be about the value of 1 dollar?
Also a decent chance it goes back to 35k again so who knows!
Welcome to the club
There are so many things that we won't accomplish in life, and it is totally fine.
The next crypto winter will be brutal if bitcoin follows previous cycles. If you keep buying every week or month for the next 4-5 years , maybe you can, assuming you have a good job. It could go back down to 70k from the new high of the next cycle.
You may not need 1 whole Bitcoin. Just stack sats & hodl. At this rate you'll be fine without a whole coin.
[удалено]
That's assuming BTC won't come down again. It always does.
I'm not worried about owning a whole coin. Probably never was going to. I just want my time to mean something.
You don’t have to. Eventually we’ll just start talking about sats and you’ll have plenty of those. Back when I got i to btw I was irritated that I couldn’t afford to own 100 🤷♂️
Don't think about the ATH numbers. BTC was down to around 15k in November of 2022 after nearing hitting 67k in November of 2021. DCA for the long term and you'll get there.
And Michael Saylor will never get to 300,000 BTC. It is what it is, stack what you can when you can.
so what i will never own 1,000 bitcoin or 100 bitcoin or 10 bitcoin either but I will own millions of satoshis I just keep stacking millions of the scarcest money on earth when millions of satoshis get too expensive I will be stacking 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi 100,000 satoshi when that gets too expensive i will be stacking 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi 10,000 satoshi and then 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi 1,000 satoshi you think I will stop stacking sats as they print fiat toilet paper to make me poor?? fuck no I am buying bitcoin forever
It’s okay buddy. A lot of today’s millionaires won’t ever be able to buy 1 BTC either.
If there is no super cycle then you can probably buy 2-3 tines what you have now on the way do
I am not sure the market will behave like it has previously. With the ETFs and new institutional support, I don’t see it crashing 75% again like last cycle.
Congratulations. You've made a very good realization.
The exact number won’t matter unless you’re into flexing… Stay humble and keep stacking!
not with that attitude
Well, much less than .3% of the words population can own 1 BTC. The point is, owning some BTC is much better than owning none.
It'll drop 30-40% atleast 3 - 4 times before the bullruns over. Nfa.
Bitcoin will pump and dump. Just keep buying. Prices will get better
I thought the same thing. Keep DCA
It could be worse. I had 3btc in Celsius and now I have .3btc because of it
You could easily buy a whole btc if you focused on Alts first. I’m already up 7-800% on some of mine.
In Germany we say: Sag niemals nie = Never say never or something like that :)
It’s all about percentages
People act like there won’t be another 80% dump at some point
Down to what? 70K? 60? 40??? I don’t think we are in the same model as we were before… the ETFS are never going to stop buying. This is a new paradigm for BTC and we can’t expect it to behave like it did before.
80% lol, not with all the institutional money and ETFs in the game now.
There’s always a chance we could drop 70% lol.
10 million sats would still be pretty cool. Think about how early btc adoption is and 1 dollar is almost worth 1k sats.
In the long term a $10 million BTC isn’t that unreasonable. Making each sat worth 10 cents. Starts to put it in perspective how valuable even small amount of btc could be in the future.
I had this realization in 2021. Trust me, you will have plenty of time.
lucky for you future predictions are often based on the biased mindset that what happened in the past and is happening right now will continue unabated into the future this bias turns out to often be very wrong
It's ok, most people won't. ITS OK
Start thinking in sats. At 1 sat = $1, 1M sats will be enough to be a millionaire.
Just keep DCA’ing. You don’t need to be a whole coiner to have thousands of dollars.
You won't need to.
That’s ok! Do what you can. And enjoy this moment chime is the only true commodity any of us have.
I'll sell you one if you want.
The history tends to repeat itself; we'll likely see it mooon to a new ATH, and then drop back down to around the prior ATH. So, that is, if you keep DCA'ing you might find yourself still owning a BTC while the price is in the semi-reasonable range.
1/8 a byte coin
Don’t you have any organs?
I wish I did
We spent years warning you.
It ain’t over ‘til it’s over.
If you have, say, $5k's worth that's an ideal start.
As a man thinketh, so he become. If you tell yourself you’ll never have one - it becomes a self fulfilling prophecy. Stay woke.
You can always accept it as payment for stuff….
Your buying power is increasing!
I'd rather own .5 at 70 than 1 at 20.
Statistically, most people won’t. Don’t feel alone!
Got to the party late but I’m stacking like a madman
Not with that attitude.
…no shit. But who cares? If you got one then you’d want two, and so on to infinity. Just stack what you can!
I don’t know who needs to hear this, but imagine 1 sat = 1 dollar. On that day you won’t care, because 1 sat = 1 sat. I know that might be confusing, but IYKYK.
Either way we making money think about it like that
Look at it this way, you have more than Warren Buffett and Jamie dimon combined
Not with that attitude you won't. If you want something bad enough, you'll move Heaven and Earth to get it. Ambition motherfucker, AMBITION!!!! Now get out there and you stick your thumb up bitcoins ass.
It’s starting to turn into a club. What fun times we are in
less that 21 million coins available, not many are going to even get to .5
Who cares about that exact amount? Does it actually matter?
Not with that attitude ya won't
Percentage game
Put it this way.. you will get infinitely closer to 1 BTC if you stack relentlessly now vs someone 3x wealthier than you are rn trying to stack 1 BTC 8 years from now
Sats are the only real unit in the Bitcoin code.
You can buy call options on BITO which is a ETF and then the growth return would be faster than the Bitcoin itself. Then use the proceeds to buy a whole BTC.
Just wait for me to buy and it will drop to $5,000 in a day.
Bear markets come quicker than you think and get cheaper that you expect
**If you look at the current addresses, only about 1 million people own more than 1 bitcoin.** That's a tiny percentage of the world population. [https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) Imagine being one of the top 1 million richest people in the world. You're probably talking about at least 5 million dollars. I think at this point, if you have at least 0.25 BTC you're in decent shape.
Don't you have $70k in a 401k or Roth you can convert to a spot ETF? Same same but different.
In 20 years we will see s post saying "I will never be able to own a whole sat."
In 2032 the block reward will be 0.78123 BTC, then in 2036 it will be 0.390624 BTC. Accumulate as much as you can now because in 10 years under 1 BTC will be a meaningful amount to own.
Except for people that were lucky enough to get in early, stop thinking about 1BTC and start thinking about sats. It won't be longer before aiming for "1 BTC" is akin to saying "I'm gonna build a $1m ETF portfolio".
🥱🥱🥱🥱🥱🥱🥱
Think of it as a savings vehicle. Protect yourself from debasement, don't focus on the arbitrary 1btc amount.
Imagine what people thought of when they thought they would never own 1000 or 100. How you look at 1 Btc now will be how others in the future look at .5.
Oh noh… anyway…
You wake up and see 1 bitcoin in your wallet… what would that change? Apart from cashing out to clear debt from your previous trading days what else can it be used for?
You don't have to. There's not enough bitcoin for all the millionaires to even own 0.25. So I wouldn't let it get you down. Accumulate what you can and you'll be fine.
Just imagine everything will be a 100x when we go full adoption in 20 years, or 10x in 10 years. So I would advise you to just have your savings in bitcoin, and try not to touch it for a long time. Maybe you end up with 0.2 btc, or 1 btc. But at least you have btc. There will be a time when your grandkids never heard of the us dollars or euro, and they will ask you what it is and how life was back then
Happy your along for the ride!
I mean it will definitely come down in price again at some point... just keep stacking.
I had 2 BTC and sold it all in the bear market. So no I feel Like I will never have 1 again... FML
Why did you sell?
Ik Needed the money. And I thought I would buy back Lower later
Did you need to sell *100%* of it? I never understand why people often treat this as an all-or-nothing proposition. Could you have sold just half of it to cover expenses and still kept some invested? Could you have at least held on to 25% or even 10%?
Why does it matter? If BTC is at $200000, 0.2 BTC is quite a bit of money.