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Title: If bitcoins become massive, what is a good amount to have? Post by: mr_random on February 27, 2013, 04:26:30 PM ...
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: marhjan on February 27, 2013, 04:29:45 PM Well... 100,000btc is currently worth over $3 million USD. So that's a good amount. There's also the "Vladimir Club" the premise of which is that 2,100btc (which is 1/10,000th of all btc to be issued) is a good amount to shoot for.
And yes - there's a few people here who have (or HAD) over 100,000btc from the early days. How many are still holding is VERY interesting indeed Title: Re: If bitcoins become massive, what is a good amount to have? Post by: DannyHamilton on February 27, 2013, 04:33:54 PM Bitcoin could fail and collapse, or it could reach sustained mainstream use in everyday transactions.
Given the former, there isn't any amount of bitcoins you could hold on to that would make you "the new wealthy elite". Given the later, it's conceivable that 1 BTC could be worth $100,000 someday. In that case, 30 BTC would be worth $3 million! Title: Re: If bitcoins become massive, what is a good amount to have? Post by: cbeast on February 27, 2013, 04:47:21 PM Moar. My plan is to keep buying what I can afford until I no longer need to. Then I will quit my day job. Bitcoin cannot fail unless either the laws of mathematics or human nature change.
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: dirtycat on February 27, 2013, 04:51:02 PM dont put all your eggs in one basket.. buy some iraqi dinar too just in case!
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: Stephen Gornick on February 27, 2013, 07:39:29 PM dont put all your eggs in one basket.. buy some iraqi dinar too just in case! I see what you did there. Title: Re: If bitcoins become massive, what is a good amount to have? Post by: wormbog on February 27, 2013, 07:56:48 PM I'd say you need to own 1,000 BTC right now to have a shot at becoming "rich" in the next 10 years. I define "rich" as being wealthy enough to live on your investment income rather than working.
To actually become one of the wealthy elite, meaning that you're so wealthy that you can get away with questionable stuff because people are afraid of you, you'd need to be a true early adopter holding 100K BTC or more. Title: Re: If bitcoins become massive, what is a good amount to have? Post by: HyAfo on February 27, 2013, 08:36:03 PM As much I can :D
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: Jaw3bmasters on February 27, 2013, 09:34:55 PM Bitcoin is already massive. Now check the time-line.......
2013-2025: About 100k BTC 2026-2050: About 1k BTC 2050~ : 1 single unit of BTC. Give or take...... Title: Re: If bitcoins become massive, what is a good amount to have? Post by: bitcool on February 27, 2013, 09:41:48 PM Bitcoin is already massive. Now check the time-line....... great! ... but what am I going to do between now and 2050? 2013-2025: About 100k BTC 2026-2050: About 1k BTC 2050~ : 1 single unit of BTC. Give or take...... Title: Re: If bitcoins become massive, what is a good amount to have? Post by: BBQKorv on February 27, 2013, 09:42:33 PM It seems quite massive to me already, WordPress and Reddit aren't any small stuff.
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: jwzguy on February 27, 2013, 09:43:10 PM 32767
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: supert on February 27, 2013, 10:20:06 PM moar.
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: critnura on February 27, 2013, 11:31:57 PM I can't imagine holding on to a very large amount of bitcoins currently. As others have stated, the bitcoin market could collapse at any moment and their is no FDIC for BC :)
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: czxtvr on February 27, 2013, 11:53:29 PM I concur...
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: q6m on February 28, 2013, 12:26:28 AM If they become more mainstream, I can only assume that they have more intrinsic value due to the fact that they are accept more widely. However, we have their value crash before, so I would be very careful, if I were you.
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: creativex on February 28, 2013, 12:36:50 AM Definitely. Hold onto something safe...like fiat. ;D
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: FreedomCoin on February 28, 2013, 02:56:25 AM with block rewards becoming smaller with the more mining being done i dont see how the price can crash.. unless BC somehow gets compromised and cannot be fixed.
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: blackreplica on February 28, 2013, 11:24:51 AM I think the answer depends on how massive it actually gets. But if the megabulls are right, you could have about 2-3K per coin so if you had about 300-500 coins you'd be pretty much set
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: janspambox on February 28, 2013, 11:37:57 AM Bitcoin cannot fail unless either the laws of mathematics or human nature change. Or until someone finds a weakness in one of the cryptographic primitives (or builds a working quantum computer). Title: Re: If bitcoins become massive, what is a good amount to have? Post by: shuadoom on February 28, 2013, 02:35:28 PM As many as you can..for as cheap as you can..cash out when value is high...
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: twolifeinexile on February 28, 2013, 02:40:53 PM Bitcoin could fail and collapse, or it could reach sustained mainstream use in everyday transactions. Given the former, there isn't any amount of bitcoins you could hold on to that would make you "the new wealthy elite". Given the later, it's conceivable that 1 BTC could be worth $100,000 someday. In that case, 30 BTC would be worth $3 million! Maybe you want to say $3M in 2013 USDs, otherwise, we are not sure where USD will be inflate/deflate to. Title: Re: If bitcoins become massive, what is a good amount to have? Post by: DannyHamilton on February 28, 2013, 02:43:51 PM Or until someone finds a weakness in one of the cryptographic primitives (or builds a working quantum computer). Nah, bitcoin is capable of dealing with both those situations just fine. Title: Re: If bitcoins become massive, what is a good amount to have? Post by: zeroday on March 01, 2013, 03:13:14 AM Bitcoin is still super high risk in terms of investment. I wouldn't spend on in more than 5% of net wealth.
Title: Re: If bitcoins become massive, what is a good amount to have? Post by: wickedgoodtrader on March 01, 2013, 06:48:56 AM If bitcoin is massive, all your money is the good number to have.
Wondering what amount to risk IF bitcoin becomes massive is another question. Title: Re: If bitcoins become massive, what is a good amount to have? Post by: BitcoinTate on March 01, 2013, 08:51:27 AM Moar. My plan is to keep buying what I can afford until I no longer need to. Then I will quit my day job. Bitcoin cannot fail unless either the laws of mathematics or human nature change. +1Title: Re: If bitcoins become massive, what is a good amount to have? Post by: VinceSamios on March 01, 2013, 09:03:26 AM If bitcoins become REALLY massive - then just 1 BTC could be a life changer. There are as many millionaires in the world as there are bitcoins....
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