Bitcoin Forum

I know it's a completely arbitrary question, but what number pops into your head?

I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.

At least 20

That would be over $12k at current prices! Definitely something to be proud of but probably out of reach for a newb (which I am, too). I'd stick with your 5, which is awesome, then try diversifying into some other coins which are much cheaper and have the potential to grow faster than btc...

There is no right or wrong answer. Anyone who asks how much they should be holding clearly does not have the mental fortitude that's necessary as an investor in a volatile commodity such as bitcoin and is likely to get burned in the long run. Bottom line, if you're committed to this, go ahead and invest, but not anymore than you're willing to lose...

If the newbie only has $100 in fiat, 0.1 BTC is a very big investment but a very rich newbie ($1 000 000+) might say 10 BTC isn't very much.

Which ones are you looking at? I have a feeling at least a few more alt coins are gonna explode like bitcoin as bitcoin keeps growing.

I'm new to cryptocurrencies, but right now, I like anoncoin (because it'll be even more anonymous than bitcoin), fastcoin (because it's got the fastest transaction times) and bitbar and unobtanium (due to scarcity). I am doing a series of blog posts where I try to rate every cryptocoin in existence (http://crypt.la/crypto-currency-database/), though, so as I get going with that, I'm sure I'll discover some other gems!

What are you looking at?

Instead of talking absolute numbers, you should talk about the percentage Bitcoin makes up in your investments.

People of different ages and walks of life will value 5 BTC vastly different.

I guarantee you this guy doesn't have a portfolio...

1

Owning 1 bitcoin is a great achivement at this point. Soon it will be unreachable for most people.

Given that the average American doesn't even hold a retirement account (I'm American so yes I'm going to be US-centric), and many live paycheck to paycheck, I'd say 1 bitcoin is already "out of reach" for the "average" person.

This is true. People who live from paycheck to paycheck can perhaps save $100 per month which means that they can probably get 1 bitcoin if they keep investing that $100 into bitcoins each month, but it requires some dedication and is becoming more difficult as time goes on.

This is just how it is, and I believe that changing to mBTC is quite refreshing in this sense.

I would say 10-20% of your liquid net worth is a good amount.

0.0017

2.1 or 21 if you can afford it.

21 bitcoins means that you will have one millionth of all bitcoins ever created (2.1 means one ten millionth).

So less than a million people could ever have more bitcoins than you.

At 2100 bitcoins (the Vladmir club) there could only be less than 10,000 people with more bitcoins than you.

As others said, there is no "good" amount to hold, I think a newb should get into bitcoin progressively, decide a certain amount you want to convert each month and buy, let's say $500 a month. If a particular month is THE "bubble month", hold it for the next or wait and buy on a deep

Think it has less to do with someone being a "newb" or not and more to do with their financial situation if they are buying their bitcoins since it costs fiat to buy them.

I believe any amount is positive. It shows support for Bitcoin.

but some amounts are  more positive than others :D

5 is also the number I aim to own long-term.  I currently own a few more, which I plan to slowly sell as the price goes up.  I am hoping to be freerolling with 5 :)

5BTC is a lot for a newb at today’s prices. Makes sure you've got your funds secured and remember to only invest what you can afford to lose.

There is no such thing as a 'good' amount of bitcoin to hold. Whether a newbie or veteran, each person has different circumstances and matching the two together simply does not work.

1 BTC

Thank you sir. I think the next milestone I'm aiming for is 10.

If you don't even have double digit BTCs then you are wasting your time, and mine.

If the entire 21M pool of Bitcoins were evenly distributed to every single person on earth, each person would have around .00033333 BTC. I'd say if you have a whole integer Bitcoin, you're doing good.

Successfully achieving stable containment of BTC0.01

Also, you're supporting the bitcoin movement with just one coin. If you already own 5, then you certainly have a good thing going for you! Keep it up.

Any novice that can securely generate a 1-bitcoin paper wallet (clean, single-output, new address) has every reason to be proud.  Such a feat would require, research, persistence, risk-tolerance, and significantly above average computer skills.  Holding it for about 3 years (accruing 1000 bitcoin-days) will suggest an understanding of Bitcoin and a strength of mind that few seem able to muster.

1BTC

In a few years people will be amazed to know somebody with 1BTC

I hope so. I await for smugness.

Hopefully for the right reasons.

Definitely hoping you are right.  This would mean that everyone knows/uses bitcoin, but we will be working in millibits (or smaller).

Don't focus on what you have. Focus on trying to get more.

Will do. Thank you!

As much as you can afford to lose overnight..  I beleive in a bright future for Bitcoin.. but it's like anything.. never invest more than you can afford to lose..  imo, within a decade, bitcoins will be more valuable for their purchasing power rather than their value in fiat currency.

5 BTC is good :)

Proud? WTF? Stinks of ego or ignorance. I know pedants can be a bore but I'm bored and wondered exactly what pride is as defined by OED.

From the Oxford English Dictionary at oed.com. (bold added by me)

proud, adj., n., and adv.
1. Having a high or exalted opinion of one's own worth or importance. Usually in a negative sense: disposed to feeling superior; having inordinate self-esteem; haughty, arrogant.

2. Of an action, a feeling, etc.: arising from or expressive of pride.

3. Feeling greatly honoured, pleased, or satisfied by something which or someone who does one credit; acutely aware of some honour done to oneself, taking pride in something. Also more generally (chiefly in early use): gratified, pleased, glad (now regional). Freq. with of, infinitive, or that-clause.

4. Having a sense of what befits, is due to, or is worthy of oneself or one's position; characterized by self-respect; feeling or showing a proper pride.


I'm not proud to own my bitcoins, but I'm definitely happy to be participating in something that could potentially revolutionize the world, esp. in poorer nations.

As much as you can afford to lose, which is by the logic I followed. Bitcoin is still very volatile. If you're putting fiat into bitcoin as a investment, try to see the longterm rather than possible short term gains. That said, I do have high hopes but do keep the risks in mind before you turn everything into BTC. :)

Honestly don't even think about how many BTC you get, but rather how much it costs to get you so much if you're investing fiat into it. Probably a bit more healthy way to approach it even if reaching certain barrier of BTC might seem more psychologically satisfying.

Haha, maybe 'smug' would be a better word:

smug  (smg)
adj. smug·ger, smug·gest
Exhibiting or feeling great or offensive satisfaction with oneself or with one's situation; self-righteously complacent.

That's right, any ammount will do. Even 1BTC is a lot, it depends how old you are and where you live. In most countres 1BTC is more than minimal monthly wage.

I add further that holding a spendable amount is a good milestone. (Standalone amount of less than BTC0.0001 is currently unspendable)

oh proudhon how you have *changed* since your speculation days....

Bitcoin is a fad and it's on fire.....  ;D

It used to be like a hundred BTC but now if you even have 1 BTC, because the value is so high, I think it's something to be proud of.

I'm proud to hold 300k doges  :o

It's a good start up.

12%-15% sounds good, the other 85% get diversified into real estate, metals, cash, physical assets, and other markets

Sagiv it depends upon your affordability. Everyone must save their wealth in form of bitcoins as its price may once again escalate tremendously. Only remember one thing that you must not invest more than what you can’t afford to lose as any form of trading you do holds a risk. By the way I have 30

I love pizza.

And if you wonder why I said this, it's because my reply makes as much sense as yours.
We're talking bitcoins here. Change your  <not going to type that name > into bitcoins and then we can talk.