Bitcoin Forum

Question in the thread title?

500 (500kk bits ;)) or more

21
210
2100

I am hoping 10 is enough to hold as long term but high risk investment.  Maybe a couple more to spend with.  I wish my employer would pay  me in it.

Was going to suggest the same; I would think anything over 500 BTC in holdings is very respectable.

My goal is to have 21 million bitcoins.

210 is a lot imho

edit: and no, i don't own "a lot" :(

A 500 BTC at today's price is more than a $150,000 investment in a very high risk asset that is like no other. There are very few people willing or capable of making this type of investment, and anybody with such holdings is either already very wealthy, or got in the BTC game very early.

I think anything over 50 BTC is a lot. That's over $15k at today's price. That amount also puts you at owning at a minimum .00024% of outstanding BTC. Today's market capitalization of Apple (AAPL) is $640,000,000,000. If Bitcoin achieves a similar market cap, which is quite reasonable, owning .00024% (50 BTC) would be worth $1,440,000 in today's USD. I would consider that "a lot."

I think 200+ is enough. I have seen highrollers playing with a lot of it.

I consider anything over $10 k worth a lot, and anything over $100 k worth a hell of a lot.

Anything above 50% of your total wealth is a lot. Of course, there is no single answer since to some $10 is a huge amount and others snort through €500 bills...

but yeah, 21B at that point in time is a good goal for newcomers, while 210 or "Vladimir club" 2100 are mostly out of reach for common folk.

Also, to people who said that "only people who got in early can have that" - no, it's not enough - only people who can hold their shit together through extended periods of depressed prices, i.e. those who actually believe in fundamental value. So while it can be easy to get 2.1 or 21 right now, the hard part is to hold them for several years, not cashing all out at what you consider "tops" and not panic-dumping at what you consider "bottoms".

i have 120.70 and it still doesnt feel like enough :(. wish i got in when my gut said do it. think the were 80$ AUD at the time.

i'll just get $400 AUD a week now from wage and hope im still early enough to have a respectable stash long term.

I've pondered this question often.

The best thing is making sure you have some

The next best thing is making sure you keep them in cold-storage or otherwise make sure they are in your possession at least 10 years from now.

More then 100BTC is consider a lot.....

I think 10BTC is a pretty smart number. it's a huge portion of a money supply limited to 21million.... did you know there are 12 million millionaires in the USA =O

However at this stage I would like to accumulate at least 50-100 simply because I still can. then I would feel rich.

hold 10 bitcoins forever!

For me 5 btc is a lot;) But one guy on PD make this 2k btc but this is impossible for me :)

3BTC!   It's what I keep in my hot wallet.  Never needed to spend more than that.

I think 10+ Bitcoins will prove to be a massive sum of wealth 5 years from now.

Remember that if just the worlds top 3% richest owned all the bitcoins that will ever be produced, their fair share would only be 0.0875 bitcoins each!

If everyone in the world gets an even share of coins, then everyone would only have 0.00265 bitcoins!


And that is assuming that all 21 million coins have been mined. :D

Hey greedy, don’t fret
What you see is what you get!
You name it, I haven't it
What you see is what you get!

1 BTC is already A LOT， the upper limit is SATOSHI-USD parity, means 1BTC is 100 million USD, and after that the protocol will be upgraded to add more zeroes  ;)

I think any number between 2.1 and 210BTC is great.

211  ???

2100 BTC is enough for modest living.

5KBTC would be alot.

Best answer so far. (Paraphrasing) Basically: two ways to define 'a lot of BTC' - (1) BTC holding relative to your total net worth, or (2) your BTC relative to all BTC in existence.

One addition to your addition to the statement "only people that got in early can have a lot" ... you correctly point out that getting in super early is not sufficient to be big now (i.e. if you sold too early). I'd like to add that it's not necessary either, either by someone with a high non-BTC net worth buying in big now (the boring case), or by trading your way to a larger share of BTC (the less boring, but frequently dismissed as "gambling" case).

WHy would you panic dump if you consider it a bottom? I do agree tops are hard to call tho..

Depends on the $ value of BTC. IMO, about $10K to $25K in BTC is a lot for the average person in developed/western countries. If they have more than that, they are probably overinvested in bitcoin and not diversified.

Just remember this:  If 21M people suddenly all wanted 1 BTC each, they could not have it.  If 13M people suddenly all wanted 1 BTC each, they could not have it.

There are 7.1B people in the world.  The number of people that will actually be able to acquire a whole BTC is staggeringly miniscule.

So get them now while you still can, hold them for years, and you'll be the new 1% -ers of the future.

the lower the price the higher this number.

100 Bitcoin is a good quantity (around 35.000$), and I consider a great quantity up to 10.000 bitcoin. 100.000 Bitcoin is a quantity for the richest holders of bitcoin  ;D

Up to 25.000 bitcoin I class every bitcoin owner like a future billionaire. Down it, its only a good amount, not a big amount.

Heh got me there :) You are right of course, panic selling only happens at what one considers a local top, too :) But the point holds: the hardest part is to make sure your BTC total does not go down with time, but up.

>BTC21

50 BTC would be a nice amount to sit on.

At this times, everything above 0 is too much.

Everything is relative, but for me over 100 BTC would be over extending myself too much in one asset (basket).  

You mean like 10000 wasn't many when they were only worth a pizza?

I would consider 10+ btc a lot

1000

You wouldn't be a millionaire in $US, but you could spend some without worrying until it takes off in value.

Makes me feel better about my stash of 120btc. i'll just keep chipping away at a mix of buying $400 a week, get an occasional hashlet and supplement some small change from faucets etc. small amounts on faucets like freebitco.in but if the price increases drastically then that faucet time wont seem so wasted.

Honestly. This is a relative question.

In some countries $100 is alot, in others $10000 is considered alot.

It has very many different variables.

when you say a lot
then it should be 1000+ BTC or may be 10000+ BTC
it depends on your needs :P

The bold part is fundamentally true, no matter what investment...while the underlined part is not only that, but also stylish, I kind of understand the notion behind it.

1
10
100
1000
10000

It all depends on timing, when do you own these amount of coins and their present value. I'm currently betting on hodling 100 coins in around 5 years to be a lot.

bump

Well, to answer this, you have to ask what the market-cap of bitcoin is likely to be in the "success case" (the fail case is less interesting :) ).

A couple ways to look at it:

1) Compare to the M2 money supplies of various countries. Let's say a "success case" is bitcoin achieving the same monetary use that occurs in an economically "medium sized" country. Like, say, Denmark (#33 by GDP) or South Africa (#29). They both have M2 money supplies of about $200B. So if the same economic activity that these countries do ends up getting done over bitcoin, it can be reasonably asserted that bitcoin's market-cap would need to be about the same as these countries' M2 (disregards lots of factors, but this is a napkin calc here). At full 21M BTC issuance, we're in the $10,000/BTC ballpark.

2) Compare to gold, with it's $6.6T market cap. 5% of that is $330B. That's about $15,000/BTC at full 21M issuance.

3) Estimates of "off-shored"/"hidden" fiat wealth are around $30T. You do the math on this one.


That roughs out a minimum "success case", in my opinion, of 1BTC >= $10,000.

So then how much fiat wealth do you consider "a lot"? If a million bucks does it, you need 100BTC to make this bet.

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This is what get's me up each morning

But surely everyone in the world won't own bitcoin right? Lets be more realistic and speculate that for now 10%-20% of the population would hold some. I love bitcoin but the possible stats shouldn't be drawn from the 100% adoption scenario. There are poor people in the world who i suspect don't own paper money and trade in goats and crops so even fiat doesn't have 100% adoption.

We don't need 100%, not even close. Even 10% is a wildly high number. Even 13 million(0.1%)people can't own one coin. The amount of people that will have 1 coin will be very very small. I buy portions every paycheck.

I agree we don't need 100%, personally i think 30% would be amazing, all i'm trying to say is it would be more beneficial if people calculated values based on 10-30% of something in existence rather than going the whole hog and calculating at 100%. Its not realistic to use 100% :). Thats all i'm getting at. Its more meaningful for estimates if the percentages are realistic :).

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