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Bitcoin => Bitcoin Discussion => Topic started by: OmegaStarScream on August 07, 2015, 03:26:23 PM



Title: What's the amount that every Bitcoiner should own ?
Post by: OmegaStarScream on August 07, 2015, 03:26:23 PM
I'am not sure if some of you remember this website (It dosen't work anymore) : http://amifilthyrich.com (It's redirect to their original website 99bitcoins)

According to this when the website was used 7 months ago https://www.reddit.com/r/Bitcoin/comments/2pqiqh/i_am_filthy_rich/
It seems like 92% of Bitcoiners own less then one BTC . (I'am not even sure how that's calculated since some people spread their coins on different wallets and adresses and some of them have shitload of adresses empty)


So , from that ... I want to know how much do you think every bitcoin should be holding ? (Holding means not using it or spend it just keep it safe on Cold storage or PC or whatever without touching them)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: LiteCoinGuy on August 07, 2015, 03:36:34 PM
0,1 BTC i would say. it depends on your income  :)


(and 1 Litecoin  :P )


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: allthingsluxury on August 07, 2015, 04:06:26 PM
The simple answer is something, anything, to at least first call yourself a bitcoiner. Obviously, the amount you own after that is completely dependant on your financial position and risk tolerance.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Meuh6879 on August 07, 2015, 04:54:29 PM
10 is good.
at 10 000 USD in the next 5 years, it's a good "deal" ... use paper wallet to store safety.  ;D


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: XCASH on August 07, 2015, 05:02:18 PM
10 is good.
at 10 000 USD in the next 5 years, it's a good "deal" ... use paper wallet to store safety.  ;D

In 5 years time 10 might make you a whale. If there's a few rallies then the price could go so high that almost nobody could afford to buy a whole Bitcoin. If they cost $10 or $50 thousand each then people will talk about how many sats they own, not how many Bitcoins they own.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: alva5763 on August 07, 2015, 05:04:49 PM
This is like asking how many shares you should hold to be called a shareholder. Everyone has their own financial commitments as to how many they can afford.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Xialla on August 07, 2015, 05:08:40 PM
for me is bitcoiner everybody, who somehow secured his own wallet and had here something from other sources than faucets so at least 0.1BTC

safe spot is imho 1BTC on fancy paper wallet. considering it is 1/21M of total coins, it is great wealth:), this is also reply for "how much hold" question..


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Slark on August 07, 2015, 05:18:09 PM
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.
If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gentlemand on August 07, 2015, 05:32:37 PM
Whatever they feel comfortable risking that they feel might benefit them right now or in the future.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: countryfree on August 07, 2015, 05:42:14 PM
I'd say at least one BTC. One's thing more important than the quantity though, it's the way people gets it. You're not a bitcoiner if all your BTC comes from faucets. Real bitcoiners are people who have mined (when it was easy) or bought BTC.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: ikydesu on August 07, 2015, 06:01:27 PM
It's depends on yourself.

My target is, HOLD 3BTC or even if i have more and don't know what should i do with that coins i will store in cold wallet.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: bornil267645 on August 07, 2015, 06:04:41 PM
It depends on the level of responsibility of the user.

Some fool might have too many coins and list it in the mishaps.

Some try to contribute to the community and establish himself even though he doesn't have significant amount of money.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: coinableS on August 07, 2015, 06:30:31 PM
If you are a real bitcoiner you should own at least one whole bitcoin. Especially at these low prices its very doable if you save a lityle.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Xialla on August 07, 2015, 06:32:04 PM
problem is, that holding 40 BTC or even 100 BTC is not possible (due to finance situation) or comfortable (due to mega risky investment) for majority of current world.

I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

depends, what is "future". in 5 years, you are right. in 10 or 15? bitcoin will be dead or worth more, than you can now imagine..


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: cysive on August 07, 2015, 08:23:10 PM
I try not to hold more than 2% of my net worth in Bitcoin. If it performs the way folks predict, that's more than enough to be life changing for any investment, if not, it won't hurt.

If you have a negative net worth, I would not allocate more than 5% of money going toward your investments.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: ajareselde on August 07, 2015, 08:45:41 PM
I'm in for the popular idea of 1 bitcoin per person, but if you can afford more then i would advise to do so.
It's not like you will get rich by owning 1 btc, atleast in the next years, but since bitcoin is spreading and getting traction, who knows.

cheers


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Denker on August 07, 2015, 08:48:33 PM
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: ajareselde on August 07, 2015, 09:04:19 PM
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.

I also agree with this, if you are the type of person that can afford that much, but if thats not the case , even 1 btc should be enough to give you your place in the game.
In the future i think that bitcoin will either die out, or be insanely on the price, so even holding 1 btc in notable.

cheers


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: coinableS on August 08, 2015, 02:33:42 AM
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.

Yea there are some people with thousands but there are billions of people with zero. If bitcoin catches on and becomes a "go to" for store of value or remittance or another market, those billions of people with zero will want some of your measly 1 bitcoin, and you can bet that if any of those billions with zero are wealthy, they will want to be bitcoin wealthy and pay a great deal to carry their existing wealth over into the crypto world.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: juankburke on August 08, 2015, 02:40:06 AM
i am pretty sure there are many early adopters of bitcoin who have a really nice amounts of bitcoins which they are holding but i guess users who are getting on with bitcoin now should hold somewhere between 5 to 10 for some future where it will go upto 10,000 or 20,000 one day :D ;D


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: eternalgloom on August 08, 2015, 06:16:43 AM
I try to keep at least 2 Bitcoin aside in cold storage at all times.
Seems like enough to hold on to in case the price suddenly rises and not too much to lose if Bitcoin crashes.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: |Bitcoin| on August 08, 2015, 06:26:32 AM
Everyone should own at least one votcoin in order to say that they are truly bitcoiner.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Kprawn on August 08, 2015, 08:26:45 AM
Look at this video and tell me it's not possible for 1 Bitcoin to be valued at say $5000 per Bitcoin. --> https://www.youtube.com/watch?v=P69TImuFbAQ

So if one of those scenarios happen, and you spend +/- $300 on one Bitcoin now..... What could your potential profit be in 1 or 2 years from now... even if this only happens in

10 years from now, you would still make a huge profit on your initial investment.  ;)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: LiteCoinGuy on August 08, 2015, 08:37:08 AM
5k USD is actually not a big deal. the cool thing is, that bitcoin has so many use cases...

https://www.youtube.com/watch?v=g2nXgK34HIM


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: coinableS on August 08, 2015, 03:37:39 PM
5k USD is actually not a big deal. the cool thing is, that bitcoin has so many use cases...

https://www.youtube.com/watch?v=g2nXgK34HIM

That video got me so damn bullish when it came out. I love D'Angelo's videos, he's smart and they are very well put together.
For those that can't or for whatever reason don't want to click on the youtube link it's a speculative video about what the price could be like if bitcoin starts to take a percentage of the gold market or remittance market.

They also made a widget so you could play with the price yourself:  http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: NorrisK on August 08, 2015, 03:53:08 PM
I would first aim to join the 1 billion Satoshi club. That seems like a nice goal to me. So 10 bitcoin.

You would be a Satoshi billionaire then :)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Dire on August 08, 2015, 04:08:56 PM
5k USD is actually not a big deal. the cool thing is, that bitcoin has so many use cases...

https://www.youtube.com/watch?v=g2nXgK34HIM

That's a great video, thanks for that. I like the Bitcoin modeling site he mentions too: http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html (http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: mamafii on August 08, 2015, 05:00:17 PM
Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin's original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.

99% of the Bitcoin Addresses have no Bitcoin Wealth

The table below is a snapshot of where the Bitcoin community, based upon all of the bitcoin addresses ever created, is when seen through the distribution of total bitcoin wealth. That it is so precise about the overall wallet content of Bitcoin community is somewhat startling, but a publicly distributed digital ledger should do that fairly well, I reckon. Anyway, this economic community photograph comes from around March 31st of 2015. That was when the amount of Bitcoin was set to pass the 14 million mark, which is exactly 2/3 of all of the bitcoins that will ever be created.

bitcoin wealth

As you can see, this shows how top-heavy the Bitcoin community is. First, there are a lot of bitcoin addresses that are either dead, abandoned or lost due to forgetting passwords/keys/usernames/, etc. Or just tens of millions of test addresses that are empty and never were destined to hold bitcoin, just to exist. Almost 99% of all the bitcoin addresses have less than one-tenth of a bitcoin, which is less than $24 USD worth at present. This is pretty startling to see if you aren't expecting it. It is hard to compare to any other store of value easily or fairly since most do not have a finite unit count built-in.

Also read: Vaultoro Opens Swiss Gold Vaults to Bitcoiners

The U.S. Government has no problem making trillions of brand new U.S. Dollars every year since the inflation is spread throughout the global economy. Being the "global reserve currency" certainly has its advantages, mainly you have an unlimited credit card the rest of the world's economies help you pay off every day. Exporting inflation is so sweet! Should anything that has lost over 98% of its value over the last century be considered a "store of value?" Gold also does not have a finite limit in its mining, and there are several mining operations worldwide working on producing more 24 hours a day, seven days a week. How much gold there is also is unknown. So how much concern there should be about such an imbalance is questionable.

Funny thing is this table also may help debunk the rumor of Nakamoto holding 1 million Bitcoins. The three addresses at the top of the Bitcoin address mountain have less than half of a million BTC held. Therefore, he would have to spread that large cache across several addresses, which may or may not be the case. This at least makes the rumor slightly less likely, but we may never know.

[divider]CCN[/divider]

Bitcoin hoarding is common since many believe Bitcoin value is only a fraction of what it will be in future years, as production slows and demand increases over time. The amount of Bitcoin out there versus the amount of daily transactions of BTC shows this fairly clearly. The mainstream acceptance of Bitcoin has been slow if still progressing steadily. These numbers may indeed change greatly as more fiat currencies crumble under the weight of their own debt, more merchants integrate with Bitcoin, and its convenience improves in the marketplace.

The lack of Bitcoin funds issue is not an Australian problem, as I've reported before. Australia's bitcoin market is so strong that every Australian, numbering almost 25 million strong, could have $15 in bitcoin if the market were spread throughout the citizenry. The people in Australia, who are into bitcoin, aren't just giving lip service to it. They are putting their money where their mouth is. The rest of us need to look in the mirror on this one.

Are Satoshi Nakamoto and The Winklevoss Twins the three addresses at the top of the Bitcoin wealth mountain? Will the next bull market change these numbers dramatically? Will the Bitcoin community experience a trickle-down economic windfall down the road when the heavy hitters have hoarded enough of a profit for being early adopters, and sell off their fortunes? Stay tuned.

I don't know what to make of it, but I hope the future has a less centralized collection of wealth for the world's leading centralized digital currency. The carpet doesn't match the drapes.

visit here https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: rivoke on August 08, 2015, 05:07:05 PM
IMO keeping about BTC 1 will be nice as investment and as the rest can be sell for your local currency.
But all depend on how much and how ready we want to keep as investment.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Dire on August 08, 2015, 05:44:46 PM

The table below is a snapshot of where the Bitcoin community
visit here https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

So, that table is a bit like a 'Top Ten', a number five being 1-10 coins owned. I think 1-10 would give fair value in the short term future, but around the 100 mark, top four, would be really good.

100 bitcoins = a thousand years of faucets :) I better get started.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Mickeyb on August 08, 2015, 05:54:14 PM
Well every bitcoiner should own as much as he or she is ready to invest into Bitcoin. I mean there is no right number and any number is right in my opinion. Not everyone are into Bitcoin because of money. Some people are into it for ideological reasons or just as pure enthusiasts.
I mean, even if OP asked how many bitcoins should you own to get rich in the future, even for this question there is no right answer.

I think we should all enjoy the ride first of all. Invest as you feel comfortable and enjoy this amazing movement of financial freedom.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: GonnaGrinditout on August 08, 2015, 06:24:17 PM
A bitcoiner should have more than 2258 BTC to enter the top 500 bitcoin rich list.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: futureofbitcoin on August 08, 2015, 06:31:46 PM
I'm going to say that 5 million USD's worth of purchasing power PRESENT VALUE is a good value to have, not exactly rich but definitely comfortable.


If bitcoin can reach 50k/coin, that would be 100 coins. 10k/coin would be 500 coins, so I think somewhere between 100 and 500 coins is good.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: roadbits on August 08, 2015, 07:01:22 PM
There can only ever be 21 million people on this planet that will be able to hold 1 whole BTC. Of those, many will hold more than one. Considering 7 billion people, you're going to be one of the lucky ones.
Hold as much as possible ...while you can ;)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Thekool1s on August 08, 2015, 07:12:56 PM
I'am not sure if some of you remember this website (It dosen't work anymore) : http://amifilthyrich.com (It's redirect to their original website 99bitcoins)

According to this when the website was used 7 months ago https://www.reddit.com/r/Bitcoin/comments/2pqiqh/i_am_filthy_rich/
It seems like 92% of Bitcoiners own less then one BTC . (I'am not even sure how that's calculated since some people spread their coins on different wallets and adresses and some of them have shitload of adresses empty)


So , from that ... I want to know how much do you think every bitcoin should be holding ? (Holding means not using it or spend it just keep it safe on Cold storage or PC or whatever without touching them)

Assuming that the scenario here is of a dollar crash or economic crash than I think 5 Btc should be more than enough. But we cant anything for sure. People may chose other things like gold instead of bitcoin. It will take a lot of time Imo to get bitcoin to average jo.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: OmegaStarScream on August 08, 2015, 07:19:29 PM
There can only ever be 21 million people on this planet that will be able to hold 1 whole BTC. Of those, many will hold more than one. Considering 7 billion people, you're going to be one of the lucky ones.
Hold as much as possible ...while you can ;)

It dosen't work like that ;D 1 million are already owned by Satoshi Nakamoto , yes we are 7 billion people on the planet right now however there isn't 21 million Bitcoin right now , there will be .. until 2140 , Population then will be 10 billion at 2083 according to Wikipedia https://en.wikipedia.org/wiki/Population_growth
Some people won't even be holding bitcoin at all or simply holding few Satoshi's for daily transactions (assuming that the price will rise and bitcoin will live till then)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Possum577 on August 08, 2015, 08:17:23 PM
10 is good.
at 10 000 USD in the next 5 years, it's a good "deal" ... use paper wallet to store safety.  ;D

In 5 years time 10 might make you a whale. If there's a few rallies then the price could go so high that almost nobody could afford to buy a whole Bitcoin. If they cost $10 or $50 thousand each then people will talk about how many sats they own, not how many Bitcoins they own.

If the price of a bitcoin was $50,000 each, 750 satoshi would be worth $0.375. SO the price needs to be higher than this still before people start talking about how many satoshi they have, but I get your point.

Someone previous said that the OP's question is like asking "how much stock should one person own?" It's a question that's different for everyone involved!

As a token "investment" I'd say everyone should own 1 bitcoin...but owning any is better than owning none, you don't need to have a certain amount.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: BlueYozakuraBTC on August 08, 2015, 08:58:43 PM
So could this be why earning 1btc on a cam site is harder to do than just earning the dollar equivalent ? My goal is live on the daily use of crypto be it buying gas, camming, buying water , banking etc. I want crypto to be used as my only currency option. Gold was a thought for savings but I have a bad taste in my mouth about "that" right now.



Title: Re: What's the amount that every Bitcoiner should own ?
Post by: traderbit on August 08, 2015, 11:55:11 PM
Depends on the expected adoption.
1 btc will be enough. but 21 is my goal for get to the 1 in a million club


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: GermanGiant on August 09, 2015, 12:06:05 AM
IMO, it would vary depending on your earning. If the person is a non-bitcoiner, then I'd recommend to keep 10% of his investible surpass into bitcoin. If the person is a bitcoiner, then I'd recommend to keep 10% of his earning into bitcoin.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: jonald_fyookball on August 09, 2015, 04:26:30 AM
everyone need at least one Bitcoin at this stage or you're either a) a freaking joke b) not serious , not gangsta c) a first class grade A moron , d) a broke ass loser, e) clueless ....or all of the above.  just gtfo and make room. lead follow or get out of the way, I'm serious. :D :D


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: talkbitcoin on August 09, 2015, 05:05:34 AM
it depends on the amount of money you have, from 1 to 10BTC

(and 1 Litecoin  :P )

haha


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: richardsNY on August 09, 2015, 07:48:07 AM
I am happy if I at some point own 10 btc. That's my goal.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: jeffthebaker on August 09, 2015, 07:49:22 AM
2.1 BTC has always seemed like a fair amount to me in regards to this question. 2.1 BTC makes you one in a million, which could be potentially huge if/when mass adoption occurs. For everyone who doesn't have it, aim for 2.1 BTC :)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: kevindurant on August 09, 2015, 08:27:01 AM
Bitcoin reach millions of people but I think there are only 1 million who use/trade/hold it actively. I think every Bitcoiner should own at least 1 Bitcoin.
I hold 10 Bitcoin and use another 10 for everything else.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Kprawn on August 09, 2015, 09:17:36 AM
I made a promise to myself, not to sell 2 BTC even if the price goes to $10 000. I will keep it in cold storage and wait for the moon....  ;D

I think most of us, cannot believe that a price of $100 000 per Bitcoin is possible.... but how would we feel, if for some miracle it did happen?

Let's just all hoard 1 to 2 BTC and spend the rest to oil the system. There is no joy, if you hodl all your coins and you do not spend any.

The figures I quoted here seems impossible... but what if.... I'd rather be prepared, when it does happen.  8)


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: jonald_fyookball on August 09, 2015, 01:12:20 PM
2.1 BTC has always seemed like a fair amount to me in regards to this question. 2.1 BTC makes you one in a million, which could be potentially huge if/when mass adoption occurs. For everyone who doesn't have it, aim for 2.1 BTC :)

one in ten mil. 


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Herbert2020 on August 09, 2015, 01:29:33 PM
...
So , from that ... I want to know how much do you think every bitcoin should be holding ? (Holding means not using it or spend it just keep it safe on Cold storage or PC or whatever without touching them)

well holding bitcoin means a long term investment so i guess the amount depends on the person's wealth and salary and how much he / she wants to invest in bitcoin.
for example if you are earning enough money and have extra for investment in something, i think it is a good idea to invest the whole amount in bitcoin and have at least 10BTC and hold it for the future.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: BillyBobZorton on August 09, 2015, 02:21:32 PM
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.

Something is clear, once we get past 1K ATH again a lot of whales will sell, why, well its pretty simple, we've seen what happened after 1K, also 1K is a very round number of psychological fear factor, so a lot of whales will sell, but a lot of bull pressure will follow and we will reach a higher ATH after maybe 2 o 3 months of correction. Thats my take.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: coinableS on August 09, 2015, 02:44:43 PM
Depends on the expected adoption.
1 btc will be enough. but 21 is my goal for get to the 1 in a million club

Don't kid yourself! You and everyone else knows after you hit 21 coins, you'll still continue to accumulate more and more!
When I started, I said my goal is to have 1 full bitcoin. Then it went to two, then four and so on. My goal now is to keep accumulating, there is no magic number anymore.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gentlemand on August 09, 2015, 05:32:12 PM

Don't kid yourself! You and everyone else knows after you hit 21 coins, you'll still continue to accumulate more and more!
When I started, I said my goal is to have 1 full bitcoin. Then it went to two, then four and so on. My goal now is to keep accumulating, there is no magic number anymore.


Well, I decided what would be the right amount to have and stuck to it. If more arrives then it's all gravy but you could easily get overexcited and find yourself pimping out grandma for more. Moderation can be a wonderful thing.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: futureofbitcoin on August 09, 2015, 05:41:38 PM
2.1 BTC has always seemed like a fair amount to me in regards to this question. 2.1 BTC makes you one in a million, which could be potentially huge if/when mass adoption occurs. For everyone who doesn't have it, aim for 2.1 BTC :)

one in ten mil. 

well actually, its about 1 in 700 :p


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: coinableS on August 09, 2015, 05:53:54 PM
2.1 BTC has always seemed like a fair amount to me in regards to this question. 2.1 BTC makes you one in a million, which could be potentially huge if/when mass adoption occurs. For everyone who doesn't have it, aim for 2.1 BTC :)

one in ten mil.  

well actually, its about 1 in 700 :p

It might not seem like much to us now, but just having 1 should be enough when you think about it.  There are over 700 million daily facebook users; if bitcion went mainstream as the currency of the internet there's only enough for each daily facebook user to have 0.03 BTC and it's actually a lot less than that when you figure in lost coins and people hoarding coins.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: giustone on August 09, 2015, 05:57:32 PM
I want to make 1 btc every month.Now,I work hard to  able to achieve this target.
Now I make 0.01 btc per day.
I wait for bitcoin price going up.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: LFC_Bitcoin on August 09, 2015, 08:48:54 PM
What's the amount that every Bitcoiner should own ?

Every person is going to tell you a different amount. It all depends on a number of mitigating factors -

1. How much money do you earn
2. What are you looking/hoping for from your involvement in bitcoin
3. How much of a risk taker are you?

(There are many other reasons but I've listed 3 above that will determine each persons answer to the question in the OP).

I mean some people say you should have 1 bitcoin. 1 bitcoin is nothing, I mean if we go to 10,000 USD per bitcoin that 1 bitcoin will give you a great return on your initial investment but it's not going to change your life is it?

I personally recommend everybody who is here that believes in bitcoin (and obviously can afford to) to buy & HODL 10 bitcoin's in cold storage. Hopefully if we reach an achievable/realistic target of 10,000 USD per bitcoin then 100,000 USD is going to do a lot for you. Maybe pay off a large % of your mortgage, allow you to put down deposits on multiple real estate properties to rent out etc which will make you a shit load of money eventually.

But to come back to my initial reservations on answering the OP's question - Everybody has different circumstances. Some people can't afford 1 bitcoin & some people might want to buy 1000. It's a purely personal question for each individual.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: CheckOut3 on September 06, 2015, 03:40:55 AM
For me it was about 1 BTC.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Cyber_ghost on September 06, 2015, 03:48:30 AM
I think if we hold one Bitcoin in our cold storage then it is good(at least that's what I am aiming right now).
When we reach this target, we should aim for next Bitcoin.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: RGBKey on September 06, 2015, 04:18:56 AM
I don't think there's an amount that anyone should own. As long as you have something, and you're using it to buy things/services, you're helping the economy.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: afriezalie on September 06, 2015, 05:00:40 AM
I don't think there's an amount that anyone should own. As long as you have something, and you're using it to buy things/services, you're helping the economy.
Agree with you. I don't have so much bitcoin in my wallet ( only 0.05 until right now ), but as long as i have bitcoin and using bitcoin services it's good enough for me.
I predict legendary bitcoiners have minimal 1BTC in their wallets ;D


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: boopy265420 on September 06, 2015, 08:20:26 AM
This depends on financial condition and extra money (reserved) what someone can keep holding for long term.We can not fix some minimum amount for everyone but every Bitcoiner can own as much as can afford with the risk of profit/loss because of the changes in price.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: buddu on September 06, 2015, 08:54:43 AM
At least 1 BTC every Bitcoiner should try to hold on long term investment.Soon Bitcoin's will go mainstream and it is not all about value but being part of evolution of this new era currency.I own all the time at least 1 BTC so everyone should does if can afford.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: randy8777 on September 06, 2015, 09:03:58 AM
people should own what they can afford. with the current price level people's total amount in bitcoin have surely increased but there isn't a tool that can exactly tell how many people own more than 1btc. we can only make a rough guess.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: newcripto on September 06, 2015, 09:15:00 AM
10 BTC is good amount to hold who can afford.My goal is to reach 10 BTC's and I am collecting continuously little by little and almost half of my goal has been met.I am going to hold for at least 5 years if no unseen mega pump happens in this period.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Amph on September 06, 2015, 09:45:45 AM
the less the better, because it mean that the adoption is proceeded right, if everyone want to hold 10 btc, than there will not be enough for the other

assuming 1B people for a great adoption, everyone should hold 0.021


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Mickeyb on September 06, 2015, 10:04:32 AM
10 BTCs is a great amount in my opinion. If this thing ever takes off and get massively adopted, 10 BTCs will bring a nice little fortune to its owners.

Of course, the more the merrier, but as much as all of us would like to invest a lot, we still have to keep in mind that this is a risky investment. This said, it is not sure 100% that Bitcoin will make it. For that, everbody should find a good balance and this is 10 BTCs in my opinion.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Netnox on September 06, 2015, 10:16:45 AM
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.
If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

Those who still waited even after bitcoin reaching 1000 are just extremely greedy and deserve to lose.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: TheGame on September 06, 2015, 10:51:37 AM
There is no amount a person "should" be holding. A person should make their own mind up how much they want to hold in bitcoin but it should always be an amount you can afford to risk losing or an amount you are comfortable gambling on it's future.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gentlemand on September 06, 2015, 12:10:24 PM

Those who still waited even after bitcoin reaching 1000 are just extremely greedy and deserve to lose.


Or they're true believers who have no desire to turn it back into fiat and are waiting to spend it everywhere.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: victoryboy on September 06, 2015, 12:41:27 PM
Minimum 1 BTC is great as most of the people can afford to put apart this amount for future savings.This will be fun,support and chance to turn your tiny investment into big on long term basis.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: dewman13 on September 06, 2015, 12:45:43 PM
I made it my aim to own at least 1 bitcoin at all times


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: kevin7cool7 on September 06, 2015, 12:46:25 PM
As much as you can afford even if its putting $10 away every month out of your income


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Q7 on September 06, 2015, 01:12:37 PM
I believe lot of bitcoiners on this forum providing services and earning in btc will just convert their stash to local currency once they receive the payment. So it depends a lot on financial situation and how urgently one would need to use the money. But i think every individual should at least hold 1 btc


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: centauribit on September 20, 2015, 03:49:29 AM
21 BTC... and be one in a million. You can continue on from there, but for most of us, being one in a million in regards to BTC is a fantastic benchmark.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gripflierGO on September 20, 2015, 10:12:19 AM
I believe lot of bitcoiners on this forum providing services and earning in btc will just convert their stash to local currency once they receive the payment. So it depends a lot on financial situation and how urgently one would need to use the money. But i think every individual should at least hold 1 btc


1 BTC is a descent amount to hold, but the major issue is if you have only 1 BTC than you would keep on spending or either you convert it to fiat for your basic expenses, if you convert it to fiat than it would not be considered as a saving, you keep on earning and keep on spending, you should atleast hold 15 BTC and keep it safe in a cold storage and wait for the prices to go high in the future.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Mirdude on September 20, 2015, 10:45:32 AM
Eh, I'd say 1-5 BTC tbh.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Herbert2020 on September 20, 2015, 04:50:06 PM
if you are not looking for any sort of profit out of owning bitcoin, then i guess every person should own at least 1 whole bitcoin in his wallet just to be involved.
because you don't wanna see bitcoin rise in the future and feel not included.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: ashour on September 20, 2015, 07:41:09 PM
It really depends on your income, but I think that 0.1 sound reasonable for someone to hold.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: lorylore on September 20, 2015, 07:47:41 PM
21 BTC... and be one in a million. You can continue on from there, but for most of us, being one in a million in regards to BTC is a fantastic benchmark.

Depending on the individual income, i would say starting with 1BTC.
And then increase it until 10 BTC, then until 21 BTC as centauribit said.
The higher the amount that we hold the higher the risk is.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: coinableS on September 20, 2015, 10:01:22 PM
21 BTC... and be one in a million. You can continue on from there, but for most of us, being one in a million in regards to BTC is a fantastic benchmark.

Depending on the individual income, i would say starting with 1BTC.
And then increase it until 10 BTC, then until 21 BTC as centauribit said.
The higher the amount that we hold the higher the risk is.

21 is too much for many people. Only hold as much as you can afford to lose. I don't think many people have $4,800 just lying around as extra money.

I still think that 1 is the magic number. It's very affordable right now to many people around the globe and when bitcoin takes off in 2, 5, 10 years one bitcoin could be worth a fortune.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: chennan on September 20, 2015, 10:06:05 PM
It's really hard to say how much someone should own, because the possibilities are endless for bitcoin (whether good or bad). I say just invest little by little over a period of time and in no time you should have atleast .5BTC or 1BTC. As of right now, BTC is hovering over that $230 mark, which makes it a good time to invest... but at the same time, if you can just keep buying little by little with a small amount of money you can comfortably fork over, then I say you are good. 


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: AtheistAKASaneBrain on September 20, 2015, 10:07:27 PM
Im pretty sure that to be a member of the winning team that makes it big time in 10 years, you need to be inside the 21 Bitcoin club. Own 21 BTC, wait 10 years, retire. That's all. It's just as simple. That's my moto. In the future when the power of Bitcoin is understood, holding 21 BTC will make you wake up on Jupiter the least expected day.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: ajareselde on September 20, 2015, 10:18:39 PM
I like the replies about 21 bitcoins, seams like a nice idea of being one in a million, but for people that can't set such amount aside, i would
say that 1 btc is a good start , or 2.1 even better. But anything under will not make you much of a profit, nor status.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gentlemand on September 20, 2015, 10:40:07 PM
I really can't see one coin ever having enough buying power to be life changing within the lifetimes of the people posting on here, but it's still a worthwhile gamble.

If it got to $100,000 it would be amazing but that wouldn't be enough to set you up for anything in a first worldish country. A very sweet bonus all the same.

If you're broke one coin is currently achievable with a sig campaign in a relatively short time or you should be able to dig out enough old crap to sell to afford one.

21 is cool but I think we'd be shocked at how few outwardly successful people have that much spare money to throw at a theoretical future.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: vapourminer on September 20, 2015, 11:46:13 PM
one percent of your disposable income


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: RussianRaibow on September 20, 2015, 11:56:45 PM
If it got to $100,000 it would be amazing but that wouldn't be enough to set you up for anything in a first worldish country. A very sweet bonus all the same.
I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.

21 is cool but I think we'd be shocked at how few outwardly successful people have that much spare money to throw at a theoretical future.
They actually do. They did for Berkshire Hathaway, they did for Apple, they are doing for Bitcoin as well...


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: feverpitch on September 21, 2015, 12:07:07 AM
This is really stupid question.
Some of the threads here strike me as being made while someone is on social auto-pilot.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gentlemand on September 21, 2015, 12:19:28 AM

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.


Most certainly. For a year or three. Then what?

It's a nice deposit on a mortgage or some epic travel. It's not setting you up for life but makes things a bit more comfortable.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: chennan on September 21, 2015, 12:27:36 AM

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.


Most certainly. For a year or three. Then what?

It's a nice deposit on a mortgage or some epic travel. It's not setting you up for life but makes things a bit more comfortable.

Well if it comes to 100K USD I think you are right that it could be used for something temporarily used, and not mean much... unless you cash out and invest into another business idea or endeavor...

But this dream about it becoming 100K sounds really ridiculous to me and honestly if that were to happen in the future, it's going to happen not in some sort of spurt but in a long dragged out process.

This is because people who invested into btc when it hit the 700-900 are pretty pissy right now because they're investment flunked hard.  Some of them cashed out when it started to tank, but then some of those investors held on, hoping that it was a temporary decrease.  So if btc hit a hard increase in price at any point in the near future, people will wait till btc hits the price point of breaking even for them and then cash out (probable scenario I think.)

But, as we all know, that's how any market works when btc is treated as a commodity rather than a currency.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: gentlemand on September 21, 2015, 12:32:19 AM

So if btc hit a hard increase in price at any point in the near future, people will wait till btc hits the price point of breaking even for them and then cash out (probable scenario I think.)


It might be another 2-3 years or never before such folks reached break even point. By then you'd probably have written it off in your mind.

If it's a dramatic rise then you'd be just as curious to see where it headed as frothy first time buyers. It's not just fresh buyers who get caught up in a rising hype.

And of course $100,000 seems deeply silly. Fun to think about all the same and I'm sure it would be a lengthy grind that shredded the hardest of nerves.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: RussianRaibow on September 21, 2015, 12:34:48 AM

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.


Most certainly. For a year or three. Then what?

It's a nice deposit on a mortgage or some epic travel. It's not setting you up for life but makes things a bit more comfortable.
Well. if you want to spend the whole life in Vegas, then it might be a problem. But, as you'll make it in BTC, you can move to countries like Brazil, Srilanka, Armenia, where you'll get good things when you spend well, but life is way cheaper. You may live compfortably in these countries with 0.1m USD equivalent BTC in your pocket.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: RGBKey on September 21, 2015, 01:46:47 AM
I'm not sure there's an amount that every bitcoiner should own, but rather that all bitcoiners should be spending and receiving bitcoins to support a healthy ecosystem.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: 7788bitcoin on September 21, 2015, 02:33:50 AM
For me, at least 1 BTC. 2-3 BTC if you are a true believer. At the moment, I don't think it is easy to persuade most people to invest more than that.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: chennan on September 21, 2015, 02:42:16 AM
For me, at least 1 BTC. 2-3 BTC if you are a true believer. At the moment, I don't think it is easy to persuade most people to invest more than that.

Well to be honest, for me, personally... it's incredibly hard for me to persuade ANYONE whom I know to invest in bitcoin at all.  About a year ago I suggested to my friends and family to invest in bitcoin and provided reasons as to why. In short, my friends laughed at me and told me it's all hype and a bubble and will eventually fall on it's face to zero, and my family (all christians) said that if I were to invest in something of the sort, I would be "giving into the devil" and supporting what is fore told in the book of rapture that a global currency would take place.

*sigh* It's hard being a christian in the crypto community... :(


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: Pursuer on September 21, 2015, 04:36:42 AM
For me, at least 1 BTC. 2-3 BTC if you are a true believer. At the moment, I don't think it is easy to persuade most people to invest more than that.

I agree, I think it is a good idea for everybody to at least have 1 whole unit of bitcoin (1BTC) .
but if you are looking to have a nice profit in the future then you should have much more that this as much as you can afford to invest.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: vengeful on September 21, 2015, 04:48:54 AM
I guess the minimum amount that a serious bitcoiner should hold should be atleast 5BTC. As it isn't too high so that it cannot be afforded and also many would agree that 1BTC is just a formality.


Title: Re: What's the amount that every Bitcoiner should own ?
Post by: lololhyip on September 21, 2015, 05:58:13 AM
I'am not sure if some of you remember this website (It dosen't work anymore) : http://amifilthyrich.com (It's redirect to their original website 99bitcoins)

According to this when the website was used 7 months ago https://www.reddit.com/r/Bitcoin/comments/2pqiqh/i_am_filthy_rich/
It seems like 92% of Bitcoiners own less then one BTC . (I'am not even sure how that's calculated since some people spread their coins on different wallets and adresses and some of them have shitload of adresses empty)


So , from that ... I want to know how much do you think every bitcoin should be holding ? (Holding means not using it or spend it just keep it safe on Cold storage or PC or whatever without touching them)

The more the better.