Bitcoin Forum

For all you people doing the smart thing now and accumulating Bitcoin on the bottom, two questions:


What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

Maybe not in the next book, but I predict that in the next four years, one bitcoin would at a point be worth six figures in USD. At that price just a couple of bitcoins would be enough to set one up for life, if they are good at handling money and investments.

Only speculation. The price could also stay like it is right now and it could also go lower. There is nothing to tell us for sure what Bitcoin will become. Lack of adoption, over regulations, FUD will surely not bring the price to a 6 figures number. And how the market is currently we are far to say it will happen soon.

I am struggling to have one bitcoin currently and it has not been easy because of the little fund I have for trading and investment.  I need 200 bitcoin to be at list comfortable if bitcoin can grow to $20,000 again .

In some countries especially third world countries, you can be a king with such amount of bitcoin in the actual price  :P
Ok i do not think there is a fixed amount of bitcoin to have to be financially secure but I would say 30 BTC could let you buy a house and a valuable car one day.

30 Bitcoin would be more like a mansion. That'll be several million dollars in the next few years.

21 bitcoin’s is a cool target to have, think of the % of the total supply of 21,000,000.
My personal target is lower though :)

Next boom who knows maybe 21 or 210. :D    When the real boom happens,  you'll only need 1.   Remember less than 21 million people in the whole world can own 1 bitcoin.   

I don't have a fixed goal, I simply try to buy as much as I can whenever I can while prices remain at relatively low levels. I don't think I'll ever be satisfied and stop buying btc (:

I don't look at bitcoin as a way to achieve financial success in the long run, but if I were to choose a number, I'd say +100 btc. Assuming that prices go above 20k and beyond, that many btc could net you a a couple million dollars or more, and that's more than enough to invest in some businesses to make money while still having a big stash of btc to live comfortably.

In my opinion if will be possible try to get 10 BTC, but will be hard to get so much bitcoin without investing some money, and maybe will be need a lot of time to get the profit before the next boom will start.

Good question. Personally, I haven't set any goals as to how much though, as long as I have the money to buy bitcoin slowly, then I will continue to do and try to accumulate as many as I can in this bear market.


For casuals like me, I should say 10 BTC - 50 BTC, but then again, it would be a challenge, but as I have said, this is like a marathon, you don't need to buy 1 BTC right-away, just small portions monthly will be sufficient enough, and we knows, before the next boom you could have hundreds of bitcoin in your wallet.

Nice. Yeah 21 is a good goal. I'm finally gonna pass that goal next week. one in a million!

I'm satisfied with my holdings. I'd rather not mention anything more than that. :)


It depends what shape the next run takes. If it keeps continuing on the logarithmic curve, we'll probably only see $300K-400K on the next run, tops. So 10 BTC might do it.

If it's an s-curve, the sky's the limit. My favorite projection for the next bubble top (maybe 3 years out) is $13 Million per BTC. So 0.25 BTC be enough! 8)

Who can tell how far that next boom will take us? Or when it will happen? For are we  know, a boom could simply get us to the 5k to 7k levels and who knows how much the correction to that boom will be. I'm looking way further than the next boom, probably around 2 to 3 years where hopefully having 5 to 10 full btcs would allow me to set up a pretty big non-crypto business.

There shouldn't be an exact number, as the number will vary depending on the capacity of each person to buy bitcoins. And it also highly dependent on how crazy or steep the next boom might be. Right now, I'm satisfied with what's in the stash for me, and depending on market conditions, I'm willing to buy a little more just to have some more in case it goes really crazy. I've been doing the same thing just like what I did in 2014-2017, though I'm buying smartly as I now buy during the lows and not during the crazy short-term peaks.

I have a lot of altcoins right now that are on the Top10. My goal now is to manage and accumulate my first bitcoin. I think that the best answer to your question is to gather as much as you can. The more you have the better. There is not a specific amount that would provide you the ease of being Financially wealthy.

I think someone has already mentioned it that amount of BTC depends on the country where the person lives, so same amount of coins in Venezuela or in UK has a big difference. If we assume that next big bull run will happen in next 2-3 years, and that BTC price should probably reach and overtake formerly highest price (20 000$), then for some people only 1 BTC would be enough, for some others included me something around 10 would be quite a decent number.

But I have a different strategy, not take money and run, but spend only small part and wait that correction do work as always before. Then I need to be patient and wait for bottom to invest and buy many cheap coins. I am a long term holder, so maybe in next 10 years there will not be need to sell BTC for fiat, the price may become relatively stable and Lightning Network will allow cheap and instant transactions.

It is much easier to buy at close to bottom then to sell at close to top. If you can do that both then it really dont matter how much Bitcoins you will sell then. You will just wait 2 years and buy back at bottom again. You should rather look how much you will have at next bottom. that should be around 4-5 yeas from now. Bitcoin should be about $50k then.  then you need to think how much is to be "financially set" for you personally.  If it is $1 million, then you need 20 Bitcoins, if it is $100k, then you need 2 Bitcoins.

By the next boom I'm talking about the next exponential gains above $20k (probably occurring in the next three years). I'm not just talking about the next time the price rises.

It is completely upon the country in which you reside. On a third world country 5btc is more than enough to have a peaceful living taking the past peak value of bitcoin into consideration. With 5btc one cannot get a much sophisticated living, but one can have a better living which isn't possible by the regular earning from day job of a common man.

I have calculated that 200 bitcoins allows me to retire right now. Like not retire in a sense that I will be fine or anything but as a 28 year old person I can honestly say if I had 200 bitcoins today, I would be capable of living for another 50+ years straight without any financial burden ever (unless something horrible happens like a health emergency or something) and even the unexpected payments could be covered properly if you do not go out and just spend all of it in one place and just save and invest smartly.

I wouldn't go into risks and just invest into bonds and put it on the bank for saving interest and do as little risk as possible and I still wouldn't be capable of finishing that money. After the prices rises of course depending on how much it rises that 200 bitcoin gets lower. So right now price is 3.5 thousand dollars and I would need 200 bitcoins, so if price is 7 thousand dollars I would need 100 bitcoins, if its 14 thousand I would need 50, goes like that.

this is a strange question, but for people who live in the country like my country, it would be necessary to have 15,000 BTC to guarantee a stable life and a good retirement until death. however provided that person did not make unnecessary investments with those 15,000 BTCs. In my case I will be happy on the day that I create my company thanks to bitcoin



200 BTC = $699.006

I agree, next year in 2020 there will be a price increase that occurs at the price of bitcoin because in Bitcoin I see a schedule of halving days going on so I'm sure it will have an influence on the price of bitcoin.

It all depends on your financial status and how much you can afford in this market. Everyone wants to accumulate as much as possible but that is not the case with the price hovering over three thousand dollars, but this is the best time to invest for the long hold. I am financially stable after the last rally when it comes to bitcoin but attained some losses in some alts and I am planning to recover those losses in this rally .

Right now as we speak,  if you own any amount of bitcoin and plan on hodling and not selling anytime soon, chances are you will be financially set not this coming halving but the following one. One btc will be enough imo.  :)

I don't think that there should be a set amount.

Firstly, we don't know where the markets will go in the bull market. At the moment, all I can say with near certainty would be that there will be a recovery coming after this bear market concludes. Apart from that though, there is no reliable information available on how far the bull market will go in terms of BTC's peak value.

Personally, there is very little chance that this bull market will be anywhere as crazy as the 2017 one because the market has matured, and the market cap has increased to the point that there needs to be significantly more new investors in order to have percentage gains that we saw in the past bull market. Set your personal goals if you want, but for me, I'm just accumulating as much as I can at the moment before $4k because this is where I believe the market will show its bottom. I don't think this will be an opportunity for someone to be "set for life" from without having significant capital already, bitcoin just isn't a get rich quick scheme like that.

It would take somewhere around 20 BTC for me to be financially set if there would be a boom similar to 2017 with the current price maybe a couple hundred. I try my best to accumulate as much as I can but I don't see myself reaching the said amount anytime soon.


Owning any amount of Bitcoin won't set you financially in the future no one knows what would the price look like when the block reward is at 3.125. For you a whole Bitcoin would be enough but for us it might not be since the cost of living is different per country.

There will be no boooooom.

Are you sure that you need 15 000 BTC what currently worth 54 000 000$? I think that's a little too much money even today, and if we take in consideration that OP is ask the question which regards the next big pump, this 15k BTC could be very easy worth 10x more.

Maybe you have in plan to buy private jet or something like that, but it is about what one considers decent or luxurious life :)

love how  everyone thinks it is going to be worth millions in the next years (or at least hundreds of thousands)
but none seems to want to buy bitcoin cheap today  ;)
it is undervalued, IMHO but you never know what happens in a ten year's time
so I would not pin all my hopes and my future on bitcoin and its price
diversify, do not put all of your eggs in one basket

and 10 bitcoins is a good amount to have, just in case it gets to that crazy 6 digit figures
also it is very achieavble for an average Joe , just save or buy cheap and HODL

Accumulating's always been the long term plan for the holders. Not sure if it's really the smart thing to do. Smart, arguably would always be to sell at the peak of the bubble, and there's already been at least three of those peaks to take advantage of. The smart guys would have made many orders of magnitude more than the holder in this fashion.

To provide my answer to the question, though... my target was to achieve 1 entire Bitcoin. It's personal for me, and while it doesn't represent very much today, it's still a lot where I come from. A more long-term goal, is to reach that fabled 1 million club (that's owning 21 BTC). I doubt I'll ever even reach a quarter of that target and that's even if 2019 remains like this for a long time. Bills to pay and all that.

My financial independence? I'm holding out for more than a decade. But I'm not expecting $100k BTC or anything. I think I'll settle for that much in savings by 2030 though.

Why do have to ask us when you can accumulate as much as you like as long as your own money is enough. There is no need for asking here you just have to see where your bankroll ends and that's it stop of the accumulation. Nobody knows where and what is the bottom yet that's why most of us would just speculate to know where is the nearest bottom.

If you're smart, you sell near the beginning of bear markets and buy near the beginning of bull markets. That's about as good as it gets.

As for the peaks, there's never much volume at bubble tops so there's only a few very lucky people selling at the top. I wouldn't call them "smart" because in a bubble scenario, it's totally impossible to know where price will stop. In 2017, it could have easily stopped at $10K or $50K or somewhere else. Anyone selling $19,600 was just taking a wild guess. The market could have gone to $100K afterwards and they'd look like an idiot!

Talking about this is strange. What you will do then. Sell those 200 BTC and put them in bank?  Bank that will go bankrupt in few years time?  What you will do? Keep in BTC and BTC will go to zero in few years time. Buy Gold? Buy land? Whatever you do is some risk.   And no matter what I would never all my BTC holding. I mean there has to be life and dead issue to do that.  

everyone always thinks there's gonna be more time. that's the big mistake---not realizing how limited 21 million coins really is and what will happen when the tide finally turns and adoption explodes.

i was always really long term bullish on bitcoin, but i got too caught up in the bearishness of 2014-15. it really traumatized me on some level. i had the opportunity to really stock up back then, but i always thought i would have more time. i have way less coins today as a result. live and learn!

It's just as hard to sell bitcoin when it's $20k than buy it when it was $160. I sat and watched both and was paralized.

its your greed that is talking when you can't sell at a price you wanted to previously
I managed to sell some at 16.000$ and never regretted it :)
well.... wish I sold everything haha , it is my only regret ( and rebought cheaper)
but you have to keep in mind your targets and do not get mesmerized by the graphs , calculating how richer you are or going to be when trading

Well, we will see the next bull run after mid 2020, when bitcoin halving will be done too and it will boost the price of bitcoins.

If you ask me how much bitcoin should we accumulate to be able to get benefit from the next bull market, then i would say that we should gather as much as we can as the more bitcoin we have, the more advantage it will be for us.

I am an 80% holder, i cant trade and cannot read the markets so holding is
fine for me. I would love to be able to take advantage of the rises.

All I want is to pay my mortgage and give up the day job. I dont even have
1 bitcoin and probably wont have in the next 2 years either so the boom
would need to be big.

forgive me ,but if you cannot afford to put aside 3500$ in three years
you should consider finding a better job
currently, I think that bitcoin is a much better investment than simply banking your fiat and earning interest
yes, it is riskier , but the return could be simply life changing
I can't read the markets either, probably none can , otherwise they would be rich af
but I know that bitcoin is undervalued and is going to increase in price if not in 2020 then in the next 5-10 years for sure

In the country where I lived in, and if the next bull run the price of bitcoin reaches around <$30k per pop, I would say that 5 bitcoin will be a good amount to accumulate between today and the next bull run and I could say that I will be financially stable in the next couple of years.

But if you're staying in a first world country, I doubt that 5 bitcoin will be enough for you to survived in the next years or so. Probably you need 50 bitcoin or more, imho.

Nothing to forgive, it isn't a lot $3500 over 3 years but currently
I cannot save anything currently any spare funds €20 to €40 per
week is going into BTC [not all weeks though]

The trouble is indeed my income but unfortunately since the 2008
crash a lot of salaries have still failed to increase here in eurozone.

Mortgage is my biggest outlay and that was got in 2007 on a salary
approximately 30% greater than todays salary !!

Im ok with it though, Im not looking for "when Lambo Time"

I think he asked about the price predictions of bitcoin at the next price increase that had become very reasonable, he wanted to try to find out all the predictions given by the members here even though the predictions cannot be confirmed but at least know the price movements happens to the price of bitcoin.

With the current price 5 bitcoin will be nothing to buy when they are from developed country,it might be worth couple of month'salary so it will be really worth to spend their money on bitcoin to ensure their future as extra investment.But the amount should be completed risked to lose in very long term investment.

Very true. Though on the day Bitcoin peaked in mid-December 2017 my friend told me I better sell my Bitcoin. haha oh if only I had listened and sold that day haha.

But yeah its pure guesswork where a bubble will pop. There were people in spring of 2017 saying 3000 was the top. I specifically remember reading the morning it hit $2800 some financial analyst said it'd crash back into the 1000s when it hits 2800 and stay there until January 2018 before it starts recovering (this was around the end of May 2017). At the time I thought it might hit $6000 by the end of 2017, then by November $10k became the big goal, then all of a sudden a couple weeks after $10k it nearly hit $20k!

Best way to buy is to accumulate at the bottom (like everyone should be doing now).
Best way to sell is....get lucky haha, hope you sell near the top of the bubble, but whatever you sell at pick a price you'll be happy with, and if it goes way higher then just make sure you're buying in on the next bottom to make up for it!

haha yeah i was selling at massive losses in the $200s in 2015 thinking bitcoin wasn't gonna go anywhere. Then I refused to sell at $19k thinking that the 2017 rally was the turning point and that bitcoin was finally moving up the S-curve to mainstream adoption. I did expect a crash in late December 2017 but thought it'd only last a couple months and would be like the June and September crashes. Now having been a part of two major crashes I understand this pattern will just continue and there will be peaks and troughs to sell and buy every few years.


and yes to the not waiting too long to stock up. I'm pretty sure this bottom is gonna last until the second half of 2019, but I've been stocking up since November anyway. No reason to wait and possibly miss out on the best prices we'll ever get from here on out. I'm already nearly at my goal number of bitcoins to get before the bull run starts, so if the bottom lasts for another half year I might actually have time to pick up an extra bitcoin. Anyone who has money sitting on the side and isn't accumulating, well, I don't know what the hell they are waiting for! Unless they'd rather buy higher when the prices are going up.

Even 1btc is enough once biitcoin will reach again in worth $20,000 or more than that, regrading those people who belong in third world country. Because we all kknow how poor they're and how hard to earned money inorder to survive.

lol, you basically played out the entire psychology of an asset bubble (https://binged.it/2N1HEgd)---selling into "despair" at the bottom and holding through "new paradigm!" at the top. don't feel bad, it happens to most people. i've definitely never sold the top or bought the bottom of these long term cycles. and while i wasn't selling the $200s, i didn't buy back for good until long afterwards, after the pump to $500.

It is definitely not about accumulating

Well, for some it may in fact be the ultimate goal, though personally, I think of it as a process (read, the more the better). But it is not really about accumulation at all, it is more about making your bitcoins (or whatever coins you might have) work for you in a profitable and constructive, purposeful way. Keeping bitcoins under the bushel is not my thing and probably not the choice of many other people as well

Regarding your second question, you are essentially asking how much money people need to be happy. I guess you can't buy happiness with money but it is certainly better to cry in a mercedes than on a bus. So the lower limit is a mercedes (though lambo would do better)

haha absolutely. Well I mean at least I wasn't buying anywhere near the top. In 2017 I started buying at $1300 and made my last buy just over $7000. But yeah I did hold through the top, also lost a bunch of money trading during the crash thinking it wouldn't last that long (and gained and cashed out some money too though!), and sold a little bitcoin in the summer at like $8600 to pay off some loans.

I think it often takes a full Bitcoin cycle for people to understand the market. I had never heard of Bitcoin until it was $800 in November 2013, a coworker told me about it. I started buying, and like two weeks later it started going down. Then a year and a half later it was still at 20% the peak price, so yeah I just figured Bitcoin was done, I didn't know any better.

Everyone I know now who bought in 2017 for the first time are the exact same way - they mostly sold on the crash (granted having made some money) and think its insane that I'm buying now. Luckily for me my history with Bitcoin goes back over 5 years now so I know better now. I keep trying to tell people if they bought in 2017 why the hell wouldn't they buy now at the bottom?! But it takes a full market cycle of paying attention until most people (me included) understand that Bitcoin isn't just gonna disappear simply because this is the first crash you've experienced. I told a current coworker yesterday I've been buying a bunch of bitcoin and his response was "why? why would you buy, its going down!" Funny how psychology tells us to buy high and sell low. Greed and fear run the undisciplined investor!

What I earn will should be what it is before the next boom of bitcoin. So don't have a specific amount of my bitcoin before the next boom cause for sure I will never accumulate if I make plan to earn or to buy. I will just rely on what I will earn until next boom.

For me it is the ultimate goal.

I don't see much point in making my Bitcoins work for me (mainly comes down to the risks associated with short term trading/lending/etc), and how exactly? I sold back in December 2017 and still have some funds left of the sales ready to buy back. Is that making my coins work for me in your book? If not, then what is?

It's not exactly easy to put your coins to work for the average person if you take into consideration that they don't know how to trade, and loans usually aren't that fruitful either with how much competition there is, and you expose yourself to counterparty risk.

Lightning is a purposeful utilization of your coins, but the average user here is more likely to lose them messing up than getting anything out of it at this stage.

How can it possibly be an ultimate goal?

Okay, you can of course make it your personal credo to get as many bitcoins as possible and that would essentially be your goal. But I don't think that even Warren Buffett sets similar goals for himself even if he is said to be money married, i.e. making money for the sole purpose of making even more money. In fact, it may be a good strategy as it allows you to focus on one thing, but not in the way of making it your life purpose, of course

Regarding your question, it is up to you to decide whether you are considering it a worthy purpose. If that is your goal, I'm okay with it, but personally, I'm more interested in using crypto as a tool for exploring other areas of life, so speculation, ultimately, is purely utilitarian for me, even though I definitely like the thrill of it. Other than that, I agree that there is not much in the way an average Joe can "utilize" their coins

The bolded made me laugh!

I have no idea what you mean by making your bitcoin work for you. Bitcoin's aren't real estate you can get renters on (unless you're talking about loaning bitcoin on some platform) and they aren't derivative producing stocks. So I don't know what you mean by making them work for you.

Bitcoin is a speculative asset, like gold, or like real estate you buy as an investment but don't rent out, or like non-dividend paying stocks - You make money when the price goes up.
You make money by accumulating as much as possible when its low, and selling or spending when its high. That's why accumulating is the ultimate goal, but that is the only goal that makes sense. It is the goal that leads to making the most money, and bitcoin is money.

Probably I may need 200 bitcoins and I just working with 1% of it ;D. Human's greed has no limit and everybody is having different lifestyle and ambitions in their lives hence you cannot have any general opinion out of hearing about these from different people here.

I mean you must decide on yourself like how much money you will be needing for settle down in your life and then guess what will be the price of bitcoin around next boom. I believe these two figures are enough to find your final answer.

My goal is 27 BTC.

And to sell it probably on average just under $100k in the next 3-4 years (I think the next bitcoin boom will go over $100k).

This would easily set me up for life. Then of course I'd buy back in at least a couple bitcoin after the following crash so that I've still got a couple for much longer investment.

You are welcome, bro!


I mean it should give you a certain impetus for action

If you are a trader, you are using Bitcoin (or whatever cryptocurrency you chose to go with) to bring you profits (well, let's assume that). But that's not about profits only or maybe not even about profits at all. Basically, Bitcoin should give you some purpose in life, and then it can be said that it works for you, i.e. it performs a certain purposeful function in your life. Obviously, that should have positive effect on you (i.e. not like living for the bottle) as otherwise why would you be using it?

Bitcoin is money. It's purpose is to be money. By accumulating more of it I have more money. I use money to buy everything I buy in life. That is the positive effect on me.

When you are trading bitcoin you are trying to accumulate through trading. It's the same thing.
Having traded and lost bitcoin plenty of times in the past I know that I'm not good at trading bitcoin against altcoins. Too risky. So I don't bother with that anymore - if I had never traded any Bitcoin and just held it I'd have like 46 bitcoin now, instead I have a lot less. Anyway, trading or buying, its all the same thing, trying to get more bitcoin.

Investment are mostly for those who have financial freedom as their money makes money for them and investing your own money to a potential thing is a very good decision.

Only if I have a good amount of money that can be invested in Bitcoin then I would go for my 20% total savings because I believe that it will bounce back in the next years just like what was happened in the past years. Behold the 'history repeat itself'

I should have added a bit more information, my bad.

It's my ultimate goal to accumulate as many coins as possible because I strongly believe that there will be wide level adoption in the forthcoming decades, and what's better than using the lack of adoption right now to increase my holdings wherever and whenever I can. I don't have much to lose anyway. I will not sell for $$, but spend, because that's the purpose of money.

Lightning adoption picking up makes me even more bullish. The network is in its infancy still, but you can already instantly settle transactions with thousands of merchants if you connect to a 'popular node'. This is what money should look like. Stability would help too, but it's way too early for that. :D

My stomach for risk is really nothing compared to what other people are doing right. I have seen news regarding people selling their cars and houses and sacrifice their life living in a trailer just to buy Bitcoin but for me that is too much of a risk I am willing to take right now. So instead of putting new money in the market I always find the opportunity to short BTC (BTC to FIAT then back to BTC again) to accumulate more at its lower price. I made a few successful attempts but you will only get new BTC in accordance to how much you are holding right now.

Haha I find it funny you said you don't have the stomach for risk but you are shorting bitcoin! That is wayyy too risky for me. Shorting bitcoin near the top of a bubble makes sense if you're happy with how much you've made on the bull run up until then, but shorting at the bottom of the market! Yikes! I'd be way too scared to do that. I'd rather just accumulate, zero risk in that.

As for me, I don't mind accumulating as many bitcoin as possible. And as long as this coming bull run is experienced, Even though I will not stop bitcoin but I hope to have made good use of the opportunity atleast to be comfortable to a reasonable extent.

He may not fully understand the risks involved

Actually, he may think that he does in fact understand them like the downside is limited and you can't make more profits than that, while the upside is virtually unlimited and the potential losses are constrained only by the size of your balance. But it is one thing to know that and quite a different thing to have felt it with your skin in the game (and your soul at stake, so to speak)

I think it depends on both how much it will "boom" and what are your needs. For example my and my wives needs are totally different, I would like to be capable of paying our bills and having a decent boring and not so exciting life economically, whereas she wants to go to vacations that are 5 times more expensive than minimum salary (as in 5 months of salary for a minimum salary person) and of course just so happens how much you would need would be different between that type of two person.

If you want to be financially set but just like me and want to only cover regular living expenses, I guess depending on which country you are in it wouldn't cost that much. However, if you are like my wife and want to spend a lot of money while living a big life than you would need a lot of money.

You just reminded me to never get married haha

Good question dude, if the value of Bitcoin increase to maybe $60k and above, I will like to have 156 unit of Bitcoin which the total worth will be $9,360,000 and if the unit market value of Bitcoin increase more than $60k then higher my Worth. Though what I have at the moment is still less than one Bitcoin but anything can happen in gambling.

This is completely on users self estimate, because different people have different financial elements to be fulfilled to get termed rich. In this way some might be satisfied with $100000 in btc, some needs more. For me, $300000 in bitcoin and any other coin with good trading volume is a must.

Taking into account the phase we are in, in a few years we will say that bitcoin was being given away at $ 4k, but my thinking is completely focused on speculation, so I would leave the money in USD and when Bitcoin enters the uptrend, I will take all the capital that I have in USD and change it to Bitcoin. This is how I would accumulate.

It would be great if I accumulate 2.5 btc by the end of the year only from my acitivities on this forum.
I don't have high expectations about bitcoin during 2019.I'll most likely HODL untill 2020.
Your question is kinda stupid.The more btc we accumulate,the better. ;D

Well that could work. If you have a lot of money to put in as an investment then any amount would do. I personally would be content in having just 5 bitcoins when the market booms. Though the market booming could have different end points. I doubt that we'll get to 20k in the next boom.

There are too many unknowns like how high the price will go, how long it will take to get there, what it is the cost of living in your country or in the country in which you want to live, your age and your live expectancy and what kind of quality of life you want to have, there may be more factors but those are the first to come to my mind and when you take all those factors into consideration the answers of the members of the forum will range from just a few bitcoins to hundreds of them.

No one can tell how much high the price of bitcoin will go so according to my target if i get 25 bitcoins before my target price will settle my family with strong financially. but cannot say what will be the valuation of fiat currency that time.

I try to accumulate as much as I can. I already lost a lot when didn't give a shit when others had hope of price rise. I thought it would be even unimaginable to reach 1K and after that bitcoin wouldn't develop. Now I changed my mind and believe it's gold rule: Bitcoin will reach and surpass it's all time high price. It even doesn't worth for my to sell now, I need at least 6K price but I'll wait 2 year and will sell my bitcoins after upcoming halving, before that I'll try to keep as much as possible.

Nothing is guaranteed, but it is high possibility that in few years time, people will gasp in awe at the wise man who owns one full bitcoin. This year 2019 may be last opportunity for average man to buy full bitcoin with his own resources.

Everyone has different spending habits and different standards of living.  The amount some of these celebrities spend seem absurd to us but normal to them.  Johnny Depp was spending over $50k a month on wine, buying multiple islands and houses, spent $millions to shoot someone's ashes out of a cannon.

The accumulation time is uncertain, but there is a way to predict when a good bull run can occur, and that is when you can accumulate approximately 70% - 80% of Bitcoin, which you can verify in the millionaire portfolios, when they accumulate That amount, the price will be ready to reach the stage of bullish trend, which will generate that all the market is bullish.

Till the price tanks to $2000 (just an example) and you regret not having sold around $3800 when you had the chance but didn't because you considered that price to be very low.

My main point is that crypto (even Bitcoin) can always go lower in the short term with how there is nothing that prevents panic sellers from dumping. They don't care about the fundamentals, they just want to exit.

If we look at what happened so far, those who panic sold last year before we tanked below $6000 did very well even though they understandably don't experience it as such due to their loss in fiat value.

The panic sellers people tend to make fun of here did way better than all the hodlers.

That's how the market plays you (and all of us, for that matter). At first, you don't believe in something - "I thought it would be even unimaginable to reach 1K" (personally, I didn't expect Bitcoin to break out of the 1-2k range once it got there), and very soon the market fools you, even though, technically speaking, you didn't lose anything (you didn't earn profits but it is not the same as losing). You think that you have learned your lesson hard ("now I changed my mind"), and then the market proceeds to fool you (read, "teach" you) again and again until you change your mind once more (as some already did)

Then rinse, repeat


The mother of all regrets is not selling at 20k

I personally don't think you have to attach a specific amount of bitcoin to own in order to be wealthy in the future, all you need do is just take advantage of how cheap it is and acquire as many bitcoin as you can acquire.

What I do as a freelancer is that I make sure I keep a specific percentage of all the bitcoin I earn into a wallet I know I can't have access to for now until 5 years time.

It depends on what you mean by being financially set. Bitcoin could hit 150,000$+ in 2023 which means if btc comes down to 1500, it could go x100 in the next boom. If being a millionaire is what you classify as being financially set, then I suppose 30 bitcoins would do it. But remember, diversification is key. Let's say I have 45,000$ to invest for the next boom. I'd divide that money into 4. With these, I would hold not only btc, but also 3 other coins that could go x1000+ (let's face it, a couple of them would) after the next boom. All four might not be successful up to my expectations, but I would make way more money than I ordinarily would if I had accumulated bitcoin only.

I would definitely not just buy 3 altcoins with 75% of my money. Bitcoin is the one sure thing. If you pick some altcoin it could 1000x (very unlikely), 100x (unlikely), 10x, 1x, 1/10x, etc. Any altcoin is a risk, some will disappear by the next crypto boom, and you never know how high others will go so you might sell way too early or way too late. We know Bitcoin will have a massive boom and I think its a lot easier to predict a general range for the next peak (though of course could be well off still). With bitcoin I'm thinking the next peak will be $100k-$150k. Personally I'm gonna sell most of my bitcoin probably just under $100k just in case it fails to break it, and will keep some to sell over $100k cuz i think it probably will break it. But there is no way I could remotely guess what any altcoin will peak at on the next crypto boom, I could easily sell an altcoin at 20x and then it goes to 80x, or think its going to 80x and it only 10x's.

So for me I'll be putting probably 90% of my crypto money in bitcoin, and put a small allotment into maybe a dozen or so altcoins just for a little bit of diversification.



Anyway, my question wasn't in general how much would it take to be financially set, which is how a lot of people seemed to take it. It was a personal question, meant to have a different answer for each person because everybody has a different idea of what the price will be at on the next boom and what they need to be financially set. I think at 25 Bitcoin I'd be set for life if I average selling say just under $100k per bitcoin. Diversify that into stocks, and keep some to buy back a few more bitcoin on the next bottom in a few years, planning to simply spend that bitcoin in the years/decades to come as spending becomes easier with adoption gains.

So yeah.. know the feeling...  the solution:  right now while things are calm, and you aren't caught up in the emotions of a bubble, or a crash... sit down and make a spreadsheet of all your planned buy/sell points.. all the way from buying X at $1,000, up to selling Y at $1,000,000 .. and every point in between (I literally have a buy/sell point at each 5% price increment...)   then just sit back, ignore all the hype, and stick to the plan...  This is what I did, and the stress and second-guessing while going through the 2017 bubble was about non-existent. 

Sigg

You are the first n00b poster who knows his shit  8)

Well thanks.. unfortunately not really a n00b.. lost access to my original account awhile back, so had to make a new one... And just in general don't post often..  I've actually been around since 2012...

Sigg

Your post is the way most veteran Bitcoiners think. Either HODL or keep a strict strategy.

Well if you are talking about north american standard... say bitcoin is worth 100k a coin... wouldn't the number be more like 25 at least? 


2.5 million dollars after taxes... let say you have 1.5 to 1.8 million after that.

Shit plan. HODL.

It depends on your current financial level and some people especially those from the third world countries 10btc can makes them one of the richest person in their communities and to those from a developed countries like uk and USA 100btc maybe what there need. For me with 300btc i will be free financially.

Depends on the nation as well, I mean if you live in USA than you need more money to be financially set versus if you are in some African small country, I am sure people in Zimbabwe or Venezuela do not need that much bitcoin to be financially set forever, with just like 10 bitcoins they should be able to live forever whereas an American would need something like 500 bitcoins to live forever with it, maybe even more if they live in New York or Los Angeles type of expensive places.

I would personally want to have Dash masternode (or something similar in passive income sense) that would make me enough money with the profits, so if I need 1000 dollars per month then I want dash masternode to give me that much if its 1 node or 2 or 5 doesn't matter to me. That way I can both keep my capital without spending and still don't have to work ever again.

Passive income will be a good solution for every people. However, we need to prepare the money for investing in the Dash masternode.

I think we can try to collect as much bitcoin as we can do from now especially if we have skills and we know how to get more and more bitcoin from many ways. That will help us to have more bitcoin so when the bitcoin price can increase more than $50k in the future, we will be a rich people, and we don't have to feel difficult to fill our daily needs.

It's an interesting thread

Here in my country, if I have "only" 2 coins and BTC reaches something like 25k USD I will have my financial independence, and I'm looking for this
I won't be retired, but in a good position to work with something I really like, without worries to pay my bills

Its easy to own a lot of bitcoin when you live on the richest country even if you don't have work for sure you can get bitcoin coming from the free money that your government gives to you every month. I don't have any ideal amount of bitcoin to hold, because I only buy what I can afford and may .5 is the ultimate goal next to 1BTC.

Thing is that there is huge difference of price at next ATH and the following bottom. Bitcoin could be $100k at ATH and then fall down to $20k at bottom. So if you wanted to have a million you would need only 10 BTC at ATH and 50 BTC a year latter.

Such a nonsense post. Are you drunk or just stupid? talking about shitcoin Dash and a lousy thousand dollars a month, 500 bitcoins needed to live forever. NOBODY LIVES FOREVER. If someone had 500 bitcoins today they would be set unless they are stupid.
I'm going to guess your age and occupation - 16, live with your parents.
How'd I do?

Actually, it could be even worse than that. The current ATH is 20k and the low since then is 3k, so that's an 85% pullback from ATH. And that's actually not as bad as previous pullbacks, where we saw over 90% falls.

I suspect the percentages will get much more reasonable but then crashes are the necessary companion of parabolic rises so we shouldn't be surprised if more 90% lows from new ATHs happen. In this case, 10k from 100k really isn't that unthinkable.

So how much is enough does also depend on how long ahead and how impossible we want to imagine.

It would have been great, if we could have control our destiny.
Btw nice question OP.
If i could control my luck, then i would like to have almost 25 bitcoins, so that i can remain stable in my financial conditions.
Provided with that the BTC should rise up to 15k USD.
This is just my opinion lmao.
I don't know what others think.

This is a question that will have many different answers since there are so many variables, variables like your age, how high the price goes during the next bull run, costs of living in your country, your preferred standard of living, your health, how much do you earn at your job, and even what it means to be financially set, in my case if the next bull run allowed bitcoin to reach a price of 40k then I will need something like 50 BTC to not have to work ever again, but the number of coins that I need can go down if I am successful as a trader.

Wouldn't 5 be probably the absolute minimum for someone with north american standards?  But this the number probably is at least 10?  Reason is because experts seem to say 300k is where bitcoin will end up so that would be 3 million dollars.  After taxes, well you still have at least 1.8 million right?  I mean could you imagine selling everything and then having 1.8 million usd?

"Experts"......

There are no experts. Everyone is perpetually wrong trying to predict its future price. Bitcoin is completely new/experimental and only a decade old so we have no precedent for how it will act.

To me, $300K seems reasonable for next bubble, but long term 7+ figures makes more sense to me. If you could manage to have 1 BTC 10 years from now, I think you'd be set for life.

Everyone talks about what amount of fiat bitcoin should be worth to be "set". The problem is that the economy and the dollar value is going to crash. This is why bitcoin has the value it does today - because shit is going to fucking crash.
Hold, like - don't even think about selling for crashing fiat. That's the end game.

It's a tough question, I'll accumulate as much as I can
I don't have an exactly number, but let's say if BTC reach 100k USD I'll be in a very good position to have my financial independence, not retirement yet

Would you say its probably 5 at the absolute minimum?  I think the number is either 5 or 10.  If btc hits 300k, that is 1.5 or 3 million dollars.  After taxes, you would have 1 million or 1.8 million right?

So here's the scenario: btc hits $300k and you sell all 5 bitcoins you have thinking you are now a millionaire and set for life. A few years later that $1.5m is now worth $700k due to inflation, and the 5 bitcoins you sold are now worth $5m.
Do you see my point? I don't see this being a game to become a fiat millionaire, but a game to get out of crashing fiat. The challenge is to do that with fiat you don't need to live on, money you can afford to be without for a few years. Most people live paycheck to paycheck, buying bitcoins for the future is simply out of the question.

Fiat obviously isn't a good long term hold. That's where jerry0 has it wrong. But selling into the next bubble and using the fiat to put into real estate? That's something I could see for myself.

I never want to sell 100% of my coins but I also don't want to wait and hoard them forever either. Heck, I'm still renting an apartment. In some sense, you can't put a price on owning your own piece of land. That's something I'm willing to give up a few of my BTC for.

There are quite a few options available in that case

The most obvious one is to reinvest your fiat income which remains after your basic needs are satisfied (a home to live in fills the list of basic needs as well) back in crypto (Bitcoin and top altcoins) right at the end of the next dump cycle. I suspect this is what many of us are already doing anyway. If you want to save the accumulated wealth, you should look outside cryptocurrencies. Gold comes instantly to mind, but there are other options less obvious and probably more profitable (gold hasn't been very profitable overall for the last 40 years)

There are 16 million coins.

If we have 10% world adoption, we will have 600 million users. This is 0.026btc for each user.

So, one bitcoin can set you for life if we reach 10% world adoption, which might happen after the next cycle.

You will only need more if you want lambos, yachts and hookers.

And this is why you won't be holding any when it crosses $1m. You will be just like most here with one of an endless number of excuses why to sell, sorry to say.
Just like few have the extra cash to buy one today, few are in a financial position or have the fortitude to hold for the rest of their lives and will them to their children. These are pretty much the only ones reading this who will be holding $1m+ bitcoins. Most sellers along the way, however, will all regret their sales, in time.

My goal is to keep gathering millions of satoshis and if possible a billion satoshi, I am not dealing with bitcoin now because it takes a whole lot of money to be able to accumulate lots of bitcoin, but my investment in bitcoin is far beyond this present time, but I look forward to the future when bitcoin will become a global currency, and when bitcoin becomes global currency, satoshi is what will become more popular then.

Even though fiat will no longer be that useful, but imagine that i satoshi becomes equivalent to 1 usd and I am able to accumulate about 100 million satoshis. my aim right now is to keep accumulating enough satoshi that I can accumulate before bitcoin supply become zero and then it will become very difficult and very expensive to have bitcoin by then.

So what is the number then for most ppl?

.....says the guy who arrived in 2018. :D

I've come across plenty of newbies like you who think they know it all. Where were you when I was accumulating BTC 98% south of here? It's a damn shame to arrive so late that you can't even fathom selling a few BTC! :P

If you are renting an apartment, then yes I certainly see why you want to get out of that shitty situation - sell away when you have enough to buy a house outright. Life is too short to live like that any longer than you have to. If you can, try to hold at least one for the rest of your life though.
And btw, time in this scene is no guarantee of success. I'm sure there are way more people who had bitcoins years ago and dumped them - many for a loss-  never to buy them back then those who held all the way to now. I'm willing to bet that way more people who were part of this scene 5+ years ago have lost money rather than made it. It's because they treat bitcoin like a gambling tool rather than a long term investment, or possibly got fucked by mt gox or some other exchange scam. I'd also not ever assume jack shit about someone based on the join date of their bitcointalk account. For all you know it's one of a dozen dating back to 2011.

It all depends upon your financial strength and the bank balance you have, right now the price of is well above $10k and if you have the money to invest  hundred thousand dollars then you are already settled in life  :P. If you were able to accumulate when the price of bitcoin was really low then it would have being great but now you need big bank balance to invest in 5BTC to 10BTC, invest what you can and trade smartly will be my advice.

Essentially, you are hoping for a big fat free lunch, but why would anyone want to give you one? It is the same with other holders who hope that Bitcoin will miraculously surge to the moon in the future (like a few million dollars), and they will all become insanely rich one day for basically doing nothing

But as the (in)famous con artist of the first half of the 20th century, Joseph Weil (aka Yellow Kid), noted, "each of my victims had larceny in his heart" and "the desire to get something for nothing has been very costly to many people who have dealt with me and with other con men" (as per Wikipedia (https://en.wikipedia.org/wiki/Joseph_Weil) article)

So who is going to pay for the party?

You will not get a direct number, because it all depends on each individual’s ability and financial strength. Let me tell you the goal of everyone, to have all the BTC if that is what you want to hear, but it is absolutely impossible, because bitcoin has gone pass the stage where it is cheap to accumulate, so people only invest according to what they have and according to the status of the coin at that time, the cheaper the coin is, the more they buy and the more expensive it becomes, the lesser they buy because they have to also be careful not to fall trap of All time high.

My own present plan now is to keep accumulating till we are almost near a point where I can confirm that the all-time high is near, because no there is no money that I put now that will not yield profit for me.

$13M per BTC and I will most certainly have to retire  ;D

Millions of $$ per btc scenarios are so far-fetched that they shouldn't even be seriously considered.
There never was an asset that behaves like this, hence it is less likely to occur (in my opinion).

I can see btc fighting with gold, maybe taking 10-50% of the gold market cap.
Gold is now around 9 tril, and maybe it can go to 10-15tril.
Therefore btc is likely to peak at 1tril-7.5tril or 50K-360K.

Maybe several decades later btc would try to break out from this range, but it is largely academic right now.

For the average person in the western world... would you say its probably 10?

Exactly, this. Unlike investing in most other asset classes, with bitcoin (if you take the loooonnnngggg view) you don't have to have an exit strategy. But you do have to have a "hold on for dear life" strategy because the ups and downs will test a lot of people.