Bitcoin Forum

Hey guys. I made a short video discussing the topic of how much Bitcoin / Crypto do you really need ?

https://youtu.be/HcSsFMFvq-w

Most people don't plan their acquisition strategy , and that's why we have "weak hands" that sell when they shouldn't sell ( and regret it later ). Basically, I feel that its very important to have a target price range , a target investment amount , and then work towards that slowly to get to your goal. In the video I show you one way of possibly doing this.

This can be because many of the Bitcoin holders are small investors and they are not really under the professional investors category. Just like any other investment, there is a learning curve in Bitcoin and an investor must learn the basics and what are his goals in getting into the world of cryptocurrency. I hope to be learning something from your video and this forum so that I can come up with my Bitcoin goals, with long-term plans in mind.

I was one of those "weak-handers" when I first jumped in because the crypto winter during 2018 was so lengthy. I held the portfolios (alts) for like 6 months then sold them because things weren't improving much and I went in when the prices were at the bubble.

We don't have the same lifestyle and others that do acquire doesn't have the best life of all. They probably are earning minimum wage and save as much that they can but still maintaining to buy during the dips. Knowing how much that we want depends to your lifestyle but as much as possible, we want to have as many as we can. But in these times, the only thing that we can do is to keep on accumulating regardless of your lifestyle and how much do you save.

Thanks for sharing that video but I think it won't be accurate for all people in this crypto world, we have all different perceptions in life, different lifestyles, different ways of living and different statuses, and life. Well for me the crypto we need will be based on our contentment, if we know to ourselves that we are already contented to the bitcoin we have right now then I think that is how many cryptocurrencies we should have.

My own contentment in life is when I had all of my dreams, having a bitcoin that will sustain all of my needs and wants, having a dream house, build my own company and cars.

I am just curious to know what professional investors mean. people with huge crypto assets? or people that trade with strategies that cannot fail. I understand clearly that for someone to a substantial amount from investing in crypto, you need to start with a reasonable capital. learning coin graph might broaden your knowledge about trading but that does not mean you cannot still lose

How much? If you ask about how much crypto do we need, the answer will vary, but for me, I need as much crypto as I can because I am sure that when I have so many cryptos, I can make a lot of profit in the future. If the coin that I have can increase so high, I will sell the coin at a high price, and that means, the profit that I will get will be bigger too.

But the crypto that I want to hold will be the crypto that has potential to increase higher in the long term. I will keep some coins for a short time too because that can give me additional income from trading that coin.

Everybody has different targets, it all depends how much it costs to live where you are, how much money you have invested elsewhere & your age. It’s an impossible question to answer but it’s definitely advisable to have at least some portion of your net worth in bitcoin.

In terms of the world of cryptocurrency there is no limit what you need some people to make a huge hoarding of this coin because they know the potential of this coin to make and give a huge market income or profit on them. Also in having crypto is get what you can afford because today there are a lot of people making an investment into the world of crypto but they don't have enough funds on their selves also it is better to use the extra funds on your crypto because not all the time you can make a lot of earnings with the use of it you must have proper knowledge, skills, and experience to handle that huge amount of money we have different respective in terms of holding of a coin it depends on you how much you will get just the thing is you must need to know how to handle and to earn more with the use of it.

I agree. Everyone has different goals in life.
Personally  I think something between 1 to 20% of the overall portfolio in bitcoin is interesting.  However  kore than 20% is a lot.

It is important not to get over invested  so you don't panic sell .go buy a little every month or so until you are comfortable with your solar average cost.

This is all about investment strategy. Anyone who knows how to make the right investment will know how much cryptocurrencies to buy. Anyone who knows how to invest will also know how much of their crypto investments balance between Bitcoin and altcoins.

Therefore, although there are a lot of ideas on this subject, everyone should find their strategy in the most rational way. Because everyone's psychological structure, economic structure and expectations are different from each other.

You should do diversification if you want to start be professional investors, this will help you to be more safe than losing much your funds. You can get much return when you investing in more riskier investment example bitcoin and altcoin. If you want to be more safe, gold can be the better choice, but doesn't have much return. The neutral investment between riskier and safer is stock.

Combining 3 kind investment from Bitcoin, Gold, and Stock is the great idea for me. At least if you lose 1 of your investment, another 2 of your investment can back up it

I dont think you need to have how much crytocurrency and bitcoin you need. Its not something that should be short leaved but it should be continuous. I wish I could convert all my fiat to bitcoin and do my purchasing with them. But not every one collects it as a value for trading.
My target is using crytocurrency for everything I need
So the thinking of how many crytocurrency you need is a unarguable a business thought which will not do well for bitcoin. In the forum we should have some members with gigantic amounts of bitcoin but do they run to convert it to fiat or are they relaxed? No is the answer. They dream big about bitcoin, despite the amount of bitcoin in your ownership - high, low or average-.
Training your mind to understanding the value and purpose of bitcoin in years to come will separate you from cryto-diggers to crypto-holders

If everyone had a good portfolio management skill, I doubt we had a lot of people would be starving. Jk  :D Not everyone in the crypto space had a goal of owning certain BTC, nor they plan to hold for a certain period. Most of the small investors invest a certain amount and sell when rhey got a good profit. In my case, I have been holding btc for a long time now and I have a plan to reach 10 of it someday. But that's not possible for everyone. I have been investing in BTC from my RL income. Saving the BTC I'm getting from my freelancing job as well. But not everyone will evaluate BTC the way I'm doing. I guess it's impossible to have answered the question in general.

I have created a small portfolio to find out if I can really make a profit with BTCitcoin and cryptocurrencies and it has worked. Because if I invested in my local currency I doubt that I would make any profit due to the high inflation that we are experiencing in my country.
I would say that I would need $ 1000 for my investment, but that amount is less than the stimulus check that the US government offers its citizens.  :D
Of course, that depends on each one, there are countries that their citizens need more money to live fully.

Imo, It doesn't matter how much Bitcoin would be in your possession, because not everyone has the capacity and high risk tolerance to buy Bitcoin as many as they can. Instead, It all matters in, how cheap you have bought your Bitcoin and how expensive you sold your Bitcoin.
The most remarkable point in investing Bitcoin is the entry point and the selling point. One thing I agree with your statement above is the importance of setting a price range to sell and to buy.
Therefore, It doesn't matter how much Bitcoin you have in your wallet, what matters most is the percentage of your profit.

I'm curious as well.  "Professional investors"... This is a pretty broad term.  What is a professional investor, exactly?  First off bitcoin isn't meant to be an investment.  It's meant to be a payment system, a currency.  That said, it has become an investment just like fiat currency has.  Many people trade currencies, and you don't need to be a "professional investor".  There is a learning curve with bitcoin, but not necessarily in trading terms.  A lot of "professional investors" trade bitcoin using simple technical analysis.  They don't really need to know everything about it, just how to read the charts. 

I think it's not possible to generalise it, simply because we don't have the same visions/plans in our lives.
From what i can guess, the majority of crypto users, including new comers, are looking for fast earning. Most likely by doing trade with a great diversity of cryptocurrencies in the market including bitcoin.
Personally, i had a diversified portofolio few years ago. I had the intension to hold cryptos for long term. I have a job in real life and wasn't in real need for a second source of income. But i sold them all once i realised that i am in an unsafe investment and that for long term hold, bitcoin remains the safest option, imo. Now, i just focus on bitcoin as i have lost all interests in almost all other cryptos.

Not sure how much Bitcoin or crypto that I need. I think as many as possible, that's what I expect.
But you know Bitcoin/crypto isn't something easy to get, you need to spend some money or working a certain job to be paid in them.
Then, I don't have a specific strategy or plan related to the number of crypto/Bitcoin to have. I just make a plan for the possible rate as the target to sell my Bitcoin/crypto assets. I think we don't need to make it too complicated, let's people have their own target or strategy.  

It's very tempting really to hold crypto because of the big pumps that occurs every now and then. That's why Bitcoin has a short term speculative price because unlike any other asset Bitcoin can gain 12% in just one day.

That's why it's important to have a goal and a long term perspective on how Bitcoin is gonna be, if you decide to hold.

I want to have 10% of bitcoin in circulation, I admit the target I made might be too big. Because 10% of the outstanding bitcoin already
makes i became whales. But I am used to having high dreams, because according to the book I read we must have high dreams to be
a successful person. Therefore to achieve my dream, must have a good strategy. And the strategy I put, by collecting a minimum of 5 BTC
a year. But the fact is I am only able to collect 0.5 BTC a year, although it is still far from the target I made. But I never give up, hopefully
my dreams can be achieved soon.

The question "How much Bitcoin do you need?" sounds kinda stupid to me.
We all need as much BTC and money as possible.Do you ask people "How much money do you need?" Of course not.It doesn't matter how much money of crypto coins you have.It's never enough.
The BTC price is a factor we can't control and saying that you will HODL until the price reached a certain range isn't reasonable.All traders are following the market price movements and sometimes they have to sell,even if they don't want to.

We have different goals and we have different desires after all so there is no really a specific answer to the question of "How much bitcoin that we need". I'm a trader and my goal is to have 300% of profit in this year, my profit is now already above 150% and it is good for me because I still have 7 months to go to fulfill it. Our desires depends on what kind of emotion that we have, there are people who just keep acquiring bitcoin and holding it because it is what the want. There are also kind of people who like me that is actively buying and selling bitcoin because it makes me enjoy and satisfied.

This thing should be done when someone has the intention to buy bitcoin.

I see some people here who just bought bitcoin depends on the market situation or someone's else suggestion.

They don't know when they should sell their bitcoin or event they don't have another strategy such as becomes a holder.

Most of them who just bitcoin just depend on the market situation or someone else suggestion will just confuse and just end up in lose.

It will be different for those who have a strategy, at least they will know when a good time to buy or they have to choose to become a holder in order to avoid losing their money.

I am sure many of us want to have so much bitcoin as we can, but we cannot get it by instant, and there will need hard work to get much bitcoin. It's different if you already have much bitcoin so you don't have to work hard because you can sell your bitcoin anytime. Some people buy bitcoin because of the market moves, and they don't know what price they should buy and sell because they don't have a plan on how to make a profit from bitcoin. That will not give them a chance to make a profit, but they can get lost.

^ For sure, asking how much bitcoin do I need? May I answer it a million bitcoin, to secure my future, my son's future and my grandson's future, and the rest who will be next to us. Dreams are the only free of charge nowadays so am I dreaming of it, but in reality the amount of bitcoins that we need really varies that also depends on our daily necessities and our earnings these two can identify the amount of bitcoin that we need and capability of buying it. We may also consider the contentment of an individual for some people would still prefer not to invest everything they have in cryptocurrency due to their own personal reasons. Nevertheless, the amount of bitcoin that each of us needs doesn't always have to be in a fixed amount it may vary depending on us and how the environment pushes us to be in cryptocurrency

I think you did not watch the video and answer directly the title question, honestly the title seems to be misleading with respect to what he is trying to say. He is mostly talking about trading, about target price with bitcoin, when to go in and out, the realistic view of the market etc. I think it should be " How much money do you need to attain this .... " or " At what point do you need to invest" some sort of that. He's literally showing us his technique with dealing the market but what you guys did is answered the title which is wrong.

Personally, what I need for cryptocurrency just $3m for the survival of myself and that of my family. This will ensure the future is very much secure with this little sum. Although, this is just for the sake of the thread but in real life the only cryptocurrency anyone need to secure his or her future in crypto is just a little satoshi. Remember that as long the bitcoin continue to grow the supply will be diminishing while the demands will be increasing which will then lead to high in it price in the future. In the future, satoshi will be more price than two(2) bitcoin now in my opinion.

This is mainy a perspective of a trader because your fisrt advice is that people have buy and sell targets. I never had a buy target. For me the most important part was to get Bitcoin because I believed in it from the moment I heard about it. I also did not have a sell target because I knew that I'd rather spend my coins than sell them.
Different people will have completely different opinions about buying and selling and about the amount that they need to allocate into BTC. For instance, my first target was always 10k and I said that I won't sell lower like 4 years ago, when Bitcoin was worth $3k.

I agree that we must have to set some target rather than being goalless in investments but I am not sure what are you going to explain regarding those targets when it is highly subjective to each person depending on their lifestyle and future dreams. Basically I hate clicking clickbait links hence I have not visited your video. I guess everyone here for years, might have set some targets with respect to their crypto stashes.

I have fiat based targets for my cryptos and I do save all my crypto payments/profits. I mean I keep on saving all my cryptos but I do not have any target for my cryptos. It means I may keep buying cryptos whenever I manage to do so. But, I will sell them or use them only when my total crypto saving reaching my dream target. It may take decade of time. But I do save even for my next generations as well.

Why slowly work towards a goal? Why need a goal? Just keep the bitcoin and stop worrying about the price. Just spend the bitcoin when the price is right. Rather than looking at how much fiat you can get out of it.
It's best to see how many things you can buy with the bitcoin when the price is up instead of fascinating about the price all the time.

I need as much as you can give me OP ;)

But really, there's no upper limit. When you have 1 Bitcoin you wantto have 2. When you have 20 you want 30.

Our brains are wired this way. Some call it greed others call it ambition 8)