Post
Topic
Board Economics
Re: Out of Reach
by
Mauser
on 16/04/2021, 12:26:40 UTC
Small investors such as myself find it hard to purchase bitcoin during a bull market. Yes, everyone here aspires to acquire atleast 1 bitcoin. It was attainable then since the price is only at a thousand dollars, but with the current price which is at 50k atleast, acquiring 1 bitcoin will be difficult, especially for those that are not so wealthy. However, those that have HODL bitcoin from the very start, those of which who have purchased it at a low price will definitely gain more than what they have given.


Must it be at least 1 Bitcoin? I believe everyone should start removing that kind of mentality, and begin counting their coins in the smallest possible denomination. In Satoshis, or Bits.

With a Bitcoin price above 60,000 USD it seems nearly impossible for a beginner in the crypto world to go directly for 1 BTC. Its just too much money. Even if you had such kind of funds available right now I wouldn't recommend to put it all in Bitcoins. The risk of owning only one crypto coin is quite high with these prices. In my opinion it would be better to split your funds among 4-6 different crypto coins, with only 50% put into Bitcoins. As a long term goal owning 1 BTC is still a viable in my opinion.