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Author Topic: In your mind what is a "good" amount of Bitcoin for a newb to hold and be proud?  (Read 3523 times)
CoinGroin
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December 23, 2013, 12:06:21 PM
 #21

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 Smiley
hilariousandco
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December 23, 2013, 01:11:46 PM
 #22

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.

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.

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jonanon
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December 23, 2013, 01:50:42 PM
 #23

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.
LiteCoinGuy
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December 23, 2013, 02:18:03 PM
 #24

1 BTC

Sagiv (OP)
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December 23, 2013, 06:44:03 PM
 #25

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.

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.


Thank you sir. I think the next milestone I'm aiming for is 10.
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December 23, 2013, 06:47:32 PM
 #26

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.

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.


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.




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Mousepotato
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December 23, 2013, 07:49:08 PM
 #27

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.

Mousepotato
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December 23, 2013, 07:54:34 PM
 #28

Successfully achieving stable containment of BTC0.01

Did you find my posts helpful? Did I say say something nice? Your generosity is much appreciate.
BTC: 1G7chBLoYqGfdyfkrox53yDn6sS65PgFYk
LTC: LiYeFdbv5oxin9S3Wmn4v84LuGZ9nsE4XZ
maursader
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December 23, 2013, 08:07:42 PM
 #29

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

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.
teukon
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December 23, 2013, 08:14:44 PM
 #30

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.

proudhon
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December 23, 2013, 08:41:32 PM
 #31

1BTC

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

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
guybrushthreepwood
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December 23, 2013, 08:49:44 PM
 #32

1BTC

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

I hope so. I await for smugness.
t1000
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December 23, 2013, 08:52:16 PM
 #33

1BTC

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

Hopefully for the right reasons.

Did you find my posts helpful? Did I say say something nice? Your generosity is much appreciate.
BTC: 1G7chBLoYqGfdyfkrox53yDn6sS65PgFYk
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CoinGroin
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December 23, 2013, 08:55:48 PM
 #34

1BTC

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

Definitely hoping you are right.  This would mean that everyone knows/uses bitcoin, but we will be working in millibits (or smaller).
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December 23, 2013, 09:04:31 PM
 #35

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

more or less retired.
Sagiv (OP)
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December 23, 2013, 09:56:00 PM
 #36

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

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.

Will do. Thank you!
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December 24, 2013, 05:42:26 AM
 #37

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.
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December 24, 2013, 12:04:25 PM
 #38

5 BTC is good Smiley
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December 24, 2013, 12:58:02 PM
 #39

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.
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December 24, 2013, 01:38:26 PM
 #40

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. Smiley

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.
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