In your mind what is a "good" amount of Bitcoin for a newb to hold and be proud?

[Sagiv]

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.

[Dafar]

At least 20

[ohiofarmer]

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...

[kireinaha]

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...

[Nikinger]

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.

[Dafar]

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...

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.

[ohiofarmer]

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...

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?

[Barek]

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.

[kireinaha]

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...

[cdog]

1

[Technomage]

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

[kireinaha]

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.

[Technomage]

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.

[tclo]

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

[Bitcoinpro]

0.0017

[Elwar]

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.

[black_swan]

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

[BTCisthefuture]

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.

[Buffer Overflow]

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

[CoinCidental]

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

but some amounts are  more positive than others