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Author Topic: How many bitcoin is enough?  (Read 4098 times)
sulendra12
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December 18, 2019, 06:51:52 PM
 #141

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.

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December 18, 2019, 07:21:47 PM
 #142

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.

you must be specific on what kind of currency you are talkin about  . if its a local currency then they have a limitations but if its a crypto curency then they can freely move up and down without limits  but sky is only the limit i think  . also depend on the person if how much money he need because some only want enough money but others are not contented on what they have and they always want more  . i dont think that money is the solution for a bad economy but there are other proper solution with that problem .
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December 18, 2019, 07:37:50 PM
 #143

I think you don't need to set a limit, try to work and accumulate as much bitcoins as possible because it will help you try and get more money in the future. I entered this market for the purpose of making a profit and so I also try to make as much bitcoins as possible
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December 18, 2019, 09:54:44 PM
 #144

I remember when people used to say having 21 was good, because then you would have 1 millionth of the supply. Now I see people talking about some 6.15 number, which I have no idea why or how anyone came up with that number.
Other guys tell people having 1 bitcoin will be 'enough' in the future, and how long into the future, I do not know.
I recently saw people saying online that 1 bitcoin is not attainable for most people, and they should aim for 0.1 bitcoin, and that sounded crazy to me. Surely if something is so important, you can find a way of getting 1 bitcoin over a year or two?

Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.
Why 21? Because of 21 million supply and took that number as a symbol of that?
Sometimes your aim depends on your probably achievable goal but sometimes it's a huge dream you are fighting for. To be fair non amount is enough because you see a billionaires which do none charity and even try their best to earn more and more, as much as possible and buy a lot of businesses and etc.
To my mind it's amazing if you save 1 bitcoin and don't touch it for years, logically price has to rise as time goes and more and more halving comes so it means maybe current 7K will be 70K in 10 year, who knows?

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December 19, 2019, 12:05:15 PM
 #145

I remember when people used to say having 21 was good, because then you would have 1 millionth of the supply. Now I see people talking about some 6.15 number, which I have no idea why or how anyone came up with that number.
Other guys tell people having 1 bitcoin will be 'enough' in the future, and how long into the future, I do not know.
I recently saw people saying online that 1 bitcoin is not attainable for most people, and they should aim for 0.1 bitcoin, and that sounded crazy to me. Surely if something is so important, you can find a way of getting 1 bitcoin over a year or two?

Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.
Why 21? Because of 21 million supply and took that number as a symbol of that?
Sometimes your aim depends on your probably achievable goal but sometimes it's a huge dream you are fighting for. To be fair non amount is enough because you see a billionaires which do none charity and even try their best to earn more and more, as much as possible and buy a lot of businesses and etc.
To my mind it's amazing if you save 1 bitcoin and don't touch it for years, logically price has to rise as time goes and more and more halving comes so it means maybe current 7K will be 70K in 10 year, who knows?

Yes 21 is just a symbol, a weird one if you don"t know anything about BTC  Cheesy
or bitcoin will die and you lose everything ? Or maybe btc will be 700$ and you will think 1BTC is low and you will buy 10 to have the same value ?

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December 19, 2019, 01:37:00 PM
 #146

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.
Agree, talking about money and assets, more precisely, what is valuable in our lives, it is never enough for us because as you said, our contentment does not exist when this life is filled with so many interesting things, from games, food to material needs, we are not afraid that everything is too much, we are only afraid that we do not have enough money to enjoy. And here, traders and investors in bitcoin, they understand how each bitcoin is worth and everyone's desires are always greater as long as they can keep earning

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December 19, 2019, 03:22:18 PM
 #147

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.
The thing is that bitcoin keeps increasing and so are the needs of life. So I stand with you in this regard that your needs could never ever be filled and so is your demand for bitcoin. As many as bitcoin you have, the more you have chances to bring future. In the future, bitcoin will be the criteria to measure the wealth of people and that time is not that away. We shall simply grab as many bitcoin as we can.
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December 19, 2019, 03:34:44 PM
 #148

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.
Agree, talking about money and assets, more precisely, what is valuable in our lives, it is never enough for us because as you said, our contentment does not exist when this life is filled with so many interesting things, from games, food to material needs, we are not afraid that everything is too much, we are only afraid that we do not have enough money to enjoy. And here, traders and investors in bitcoin, they understand how each bitcoin is worth and everyone's desires are always greater as long as they can keep earning

Exactly, we should have it as much as possible and as much as we could, if we do have the opportunity and have the financial to accumulate then why not take this chance, let's always remember in taking risk, there's no assurance, but once it will boom again, it will be a life changing to everyone of us, so for me better to take risk now.
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December 19, 2019, 03:41:04 PM
 #149

How much bitcoin is enough for you? And if I have as much Bitcoin as possible. But the truth is I don't have enough capital to hold a lot of Bitcoin. Once you have a lot of Bitcoin in your hand, you will either become rich or suddenly lose money. So need to know the right time. When to sell, when to buy, when to stock. In this field, to be successful, you must be brave, resilient and financially strong.

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December 19, 2019, 04:42:35 PM
 #150

Considering the inflation in the world is a serious trouble and countries like Venezuela or even some other bigger countries (even Russia had it for a while) face the reality of inflation we can't have "enough" bitcoin. Sure you can make up a number that would equal to you being super wealthy but if you tell numbers that are barely enough for your life for now, the calculations will be screwed when a big inflation hits your nation as well. What 100 bucks can do in any nation 20 years ago is not the same as today.

So, when you make these calculations you have to consider inflation and how high it could get as well. I don't know if bitcoin will still be a big thing when I retire or when I am old in 40 years but I know in usd pegged terms around 80 bitcoins is enough for me to never work again, that is calculated with inflation and if things don't go bad in my country then I will have some extra as well which I can give away to charity when I die.
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December 19, 2019, 04:42:48 PM
 #151

I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin
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December 19, 2019, 07:21:06 PM
 #152

I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin

There is no need for limitations I agree with that, you can try to buy or earn as many as you can. I know how much I would like to have, and when I come to that point I will focus more on some altcoins I wish to have. Now I choose Bitcoin when ver I can, I pay attention on other good projects, but Bitcoin is my main focus.



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December 19, 2019, 09:08:29 PM
 #153

Now let me make an account for myself. I think 100 bitcoins are enough for me in the next 50 years. If I have to think of my family, we can handle 150 bitcoins for 100 years. Because I think the bitcoin price will increase. How much bitcoin do I have today? : d 0.04!
Your aspirations needs to be closer to reality, the only way for you to obtain 100 bitcoins when you have so little is for the price of bitcoin to crash to one dollar and I have my doubts that you are going to want to buy bitcoin at that point in time, be realistic about what you can achieve and about the price of bitcoin that you want to see during the next decades, creating realistic goals is the only way that we have to eventually reach our objectives.

I do not really have that much bitcoin either but unlike you which wants 3750 times more bitcoin than what you have today I only need about three or four times what I'm holding if the price of bitcoin skyrockets during the next decade.
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December 19, 2019, 10:26:47 PM
 #154

Considering the inflation in the world is a serious trouble and countries like Venezuela or even some other bigger countries (even Russia had it for a while) face the reality of inflation we can't have "enough" bitcoin. Sure you can make up a number that would equal to you being super wealthy but if you tell numbers that are barely enough for your life for now, the calculations will be screwed when a big inflation hits your nation as well. What 100 bucks can do in any nation 20 years ago is not the same as today.

So, when you make these calculations you have to consider inflation and how high it could get as well. I don't know if bitcoin will still be a big thing when I retire or when I am old in 40 years but I know in usd pegged terms around 80 bitcoins is enough for me to never work again, that is calculated with inflation and if things don't go bad in my country then I will have some extra as well which I can give away to charity when I die.

At current price 80 btc is like 560 000$ if you live in a "cheap country" I can agree it is enough but in countries like France it is impossible.
For example in Paris a regular house (22 square meter) is around 900$/month so 51 years maximum just for the bill ... if you had the rest ...

food for a student is around 300$/month
public transports : 35$/month
electricity + gas etc let's say : 170$/month ..

So in a month you spend like : 1405$...

so 33 years with 80 bitcoin MAXIMUM without working and having fun ...  Embarrassed

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December 19, 2019, 10:31:29 PM
 #155

I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin

There is no need for limitations I agree with that, you can try to buy or earn as many as you can. I know how much I would like to have, and when I come to that point I will focus more on some altcoins I wish to have. Now I choose Bitcoin when ver I can, I pay attention on other good projects, but Bitcoin is my main focus.
I think that it is wise to pay attention to other projects though, you know, as a way of making more bitcoin. We can invest in some good projects and after a few months, they will go up high and that is when we are going to exit the train that they have and enjoy our profits. We can focus in bitcoin while also side hustlin' on other altcoins for quick profits.

 
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December 20, 2019, 02:47:40 AM
 #156

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.

you must be specific on what kind of currency you are talkin about  . if its a local currency then they have a limitations but if its a crypto curency then they can freely move up and down without limits  but sky is only the limit i think  . also depend on the person if how much money he need because some only want enough money but others are not contented on what they have and they always want more  . i dont think that money is the solution for a bad economy but there are other proper solution with that problem .
He is clearly talking about bitcoin and even I just found out if there are limits to having local currency. Free to move or go up and down? that means you are talking about usage and exchange rates or whatever, while the topic is about the supply of available bitcoin. When we discuss thoroughly about enough bitcoin or other currencies, the answer is that there is not enough so long as any currency has a worth and valuable value to have because most individuals will only continue to collect as much money as possible and they will never feel enough for the umpteenth time.

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Mometaskers
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December 20, 2019, 05:28:49 AM
 #157

There is still no way to know how high it can go, or if it'll still even be around within the next decade so just save what you can but not too much that you neglect saving for other investments. And don't be too hard on yourself not achieving that bitcoin goal.

If you were oblivious to btc in its early days like me, then it's understandable if you can't reach it. It only hit 1k around 2013 so it's adopters prior to that that were likely able to get BTC21+.

At current price 80 btc is like 560 000$ if you live in a "cheap country" I can agree it is enough but in countries like France it is impossible.
For example in Paris a regular house (22 square meter) is around 900$/month so 51 years maximum just for the bill ... if you had the rest ...

food for a student is around 300$/month
public transports : 35$/month
electricity + gas etc let's say : 170$/month ..

So in a month you spend like : 1405$...

so 33 years with 80 bitcoin MAXIMUM without working and having fun ...  Embarrassed


More reasons to accumulate bitcoins then. Then you can bring it with you when you move out to move to a cheaper country then just en-cash it there.

Assuming the cost of living don't catch up to Europe by the time you move in, you can probably just save half of the intended amount.
Btc_1856
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December 20, 2019, 06:54:51 AM
 #158

Bitcoin is money, why should we limit ourselves, if you have the ability to claim more Bitcoins, then don't stop keep on claiming many bitcoins. Even I am doing the same thing keep on claiming more Bitcoins through trading and holding them in my cold wallet.

awik p
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December 20, 2019, 07:39:43 AM
 #159

I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin

There is no need for limitations I agree with that, you can try to buy or earn as many as you can. I know how much I would like to have, and when I come to that point I will focus more on some altcoins I wish to have. Now I choose Bitcoin when ver I can, I pay attention on other good projects, but Bitcoin is my main focus.
I think that it is wise to pay attention to other projects though, you know, as a way of making more bitcoin. We can invest in some good projects and after a few months, they will go up high and that is when we are going to exit the train that they have and enjoy our profits. We can focus in bitcoin while also side hustlin' on other altcoins for quick profits.
careful analysis is needed to invest in other projects let alone new projects. different from us choosing altcoin on the rank of the coinmarketcap, maybe it would be simpler to analyze. I think how much bitcoin is appropriate for us depends on the individual abilities of each person, and we must be responsible for these assets


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December 20, 2019, 08:09:34 AM
 #160

I think you don't need to set a limit, try to work and accumulate as much bitcoins as possible because it will help you try and get more money in the future. I entered this market for the purpose of making a profit and so I also try to make as much bitcoins as possible
I totally agree with you. I also entered this market to get as much Bitcoin as possible, We will always need Bitcoin because I believe Bitcoin is a currency that will be very useful in the future. So collect as much Bitcoin as possible from now.

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