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Author Topic: How many bitcoin is enough?  (Read 4098 times)
beej
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December 10, 2019, 08:24:35 AM
Last edit: December 24, 2019, 03:00:41 PM by beej
 #41

Opinions matter when it comes to how much is enough with bitcoins, others
meanwhile would lucratively prefer as much as they can acquire. Having
indulged in the belief or fact that bitcoins will bring in a much better price
and with that a great big deal of an investment. Having 1 is enough for me
for the time being seeing how it's (Bitcoin) prices are still somewhat of a struggle.
But I'm still being optimistic about it, just as everyone else here. Happy Holidays everyone.
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December 10, 2019, 08:31:09 AM
 #42

yes i also like you op. I don't have a target of how much bitcoin I should have. but I will always try to keep increasing my bitcoin amount. if we set a target bitcoin that we must have it will make me stressed and depressed and not enjoying my life. it's better like this to keep collecting bitcoin and selling it when bitcoin goes up. and I didn't hold bitcoin too long. I will sell my bitcoin when the value has increased 30% of my purchase price.
It will take sometime since the behavior of bitcoin is not that bullish 30% may take a while, though you have your target and once it was achieved then you can let go and aim for another. There's no exact answer with OP's question it's all about how investors understand and willingly to buy portions of this assets and store it according to whatever plans they have from this investment.

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December 10, 2019, 09:20:24 AM
 #43

yes i also like you op. I don't have a target of how much bitcoin I should have. but I will always try to keep increasing my bitcoin amount. if we set a target bitcoin that we must have it will make me stressed and depressed and not enjoying my life. it's better like this to keep collecting bitcoin and selling it when bitcoin goes up. and I didn't hold bitcoin too long. I will sell my bitcoin when the value has increased 30% of my purchase price.
It will take sometime since the behavior of bitcoin is not that bullish 30% may take a while, though you have your target and once it was achieved then you can let go and aim for another. There's no exact answer with OP's question it's all about how investors understand and willingly to buy portions of this assets and store it according to whatever plans they have from this investment.

That's true, real investors are not aiming to have more bitcoins and hodl it. real ones are wanted to gain and have more profit and do what they wanted it to be useful, they know that they aiming for btc is a big loss because they know that the price are not stable and that's what I think also that aiming to have more btc this day may out of control to your funds and cause a big trouble and you will end up losing money.

Watch out for this SPACE!
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December 10, 2019, 09:55:45 AM
 #44

yes i also like you op. I don't have a target of how much bitcoin I should have. but I will always try to keep increasing my bitcoin amount. if we set a target bitcoin that we must have it will make me stressed and depressed and not enjoying my life. it's better like this to keep collecting bitcoin and selling it when bitcoin goes up. and I didn't hold bitcoin too long. I will sell my bitcoin when the value has increased 30% of my purchase price.
It will take sometime since the behavior of bitcoin is not that bullish 30% may take a while, though you have your target and once it was achieved then you can let go and aim for another. There's no exact answer with OP's question it's all about how investors understand and willingly to buy portions of this assets and store it according to whatever plans they have from this investment.

That's true, real investors are not aiming to have more bitcoins and hodl it. real ones are wanted to gain and have more profit and do what they wanted it to be useful, they know that they aiming for btc is a big loss because they know that the price are not stable and that's what I think also that aiming to have more btc this day may out of control to your funds and cause a big trouble and you will end up losing money.

Real investors do not just risk their Bitcoin if they are not sure of what they are doing. Real investors always eye on the prize. They will buy and sell with a profit. They will HODL if necessary. That is the best thing to do. Others would say they do not just HODL because they cannot grow their Bitcoin in that way. Well, trade your Bitcoin if you think you are good in it. If you think you are not, trading will only make your Bitcoin grow smaller rather than bigger. The goal is to have more Bitcoin as possible, no fix numbers.

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December 10, 2019, 10:40:43 AM
 #45

People think I am mad, but I think bitcoin will get to $1million for 1 Bitcoin in 10 years.
I think having a million USD would set me up for life, so maybe that is enough, but it depends on your situation and where you live, and the cost of living.
I live in South Africa, so $1mil goes a long way here. I can only dream it will reach that high, and in the meantime, I will keep 'stacking sats' lol

In 10 years everything is possible, so it is possible that 1 BTC will be worth so much. While I personally don't think the odds are too great for this to happen, all we need is a price increase of some 100+ times. It looks like a lot, but that's how things looked for people 10 years ago, just a few believe that Bitcoin would ever be worth at least $1000.

I agree that $1 million is big money today for most people, and many would settle for 10 times less. But the possibility should also be taken into consideration that the price will not constantly rise. I think no one should invest everything they have in Bitcoin, it is a big risk with a possible big profit in the long run. It is good if you can wait for 10 years, most people just want a quick profit.

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December 10, 2019, 12:25:43 PM
 #46

yes i also like you op. I don't have a target of how much bitcoin I should have. but I will always try to keep increasing my bitcoin amount. if we set a target bitcoin that we must have it will make me stressed and depressed and not enjoying my life. it's better like this to keep collecting bitcoin and selling it when bitcoin goes up. and I didn't hold bitcoin too long. I will sell my bitcoin when the value has increased 30% of my purchase price.
It will take sometime since the behavior of bitcoin is not that bullish 30% may take a while, though you have your target and once it was achieved then you can let go and aim for another. There's no exact answer with OP's question it's all about how investors understand and willingly to buy portions of this assets and store it according to whatever plans they have from this investment.

That's true, real investors are not aiming to have more bitcoins and hodl it. real ones are wanted to gain and have more profit and do what they wanted it to be useful, they know that they aiming for btc is a big loss because they know that the price are not stable and that's what I think also that aiming to have more btc this day may out of control to your funds and cause a big trouble and you will end up losing money.

Real investors do not just risk their Bitcoin if they are not sure of what they are doing. Real investors always eye on the prize. They will buy and sell with a profit. They will HODL if necessary. That is the best thing to do. Others would say they do not just HODL because they cannot grow their Bitcoin in that way. Well, trade your Bitcoin if you think you are good in it. If you think you are not, trading will only make your Bitcoin grow smaller rather than bigger. The goal is to have more Bitcoin as possible, no fix numbers.
the problem is we don't know when bitcoin will become a new ATH, breaking through resistance is already difficult when bitcoin went up to $ 12000 then,
and now prices tend to go down, maybe the wise way is to trade and collect as much bitcoin as possible
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December 10, 2019, 12:52:35 PM
 #47

the problem is we don't know when bitcoin will become a new ATH, breaking through resistance is already difficult when bitcoin went up to $ 12000 then,
and now prices tend to go down, maybe the wise way is to trade and collect as much bitcoin as possible
we could not mention certain time for bitcoin price. its still unpredictable when bitcoin will hit new all time high, meanwhile market sentiment and psychology still in bad condition. we still need long time and spread good news to all people so they will have positive mind about bitcoin future and crypto market. maybe after halving we will see this.
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December 10, 2019, 01:12:37 PM
 #48

It really depends on each person. We all have different type of level of success and satisfaction in terms of having bitcoin. You should ask yourself if what type of success do you wanted to see. Once you visualize the success that you want then that is when you are going to measure it with the number of bitcoin and you will work your way up until you reach that goal.
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December 10, 2019, 01:24:51 PM
 #49

I just regreted when I don't realize that bitcoin will have a high value and I just muff some bitcoins that I got before. And now I'm still doing that, selling bitcoin to money fiat just for to fulfil some needs in my daily life. But hupefully I can get another source income in my reality so as I can collect bitcoin as much as I can. Regarding the target, honestly I'm greedy person to it, I'll feel deficiency to something that I want. But seems like the first goal I should get just 1BTC in one year a head.
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December 10, 2019, 02:29:49 PM
 #50

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.
The amount of bitcoin surprisingly increased a lot through the years. Way back, we are aiming for atleast 10 bitcoin to gain lots of money but now, just 0.1 bitcoin would be a big one and everyone would die to get it. In my case, I am still aiming to get 10 bitcoins in the future so that I can secure it more. It may seem impossible but I believe that through hardwork and perseverance, someday I would make my dream come true. I will keep on investing on bitcoin and believe on its capability until the end of time.
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December 10, 2019, 02:49:08 PM
 #51

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.
We're all the same, I don't think about how much I should be able to accumulate bitcoin, Because I need money in my daily need for my family and my wages in my work are not enough so I also need extra income that comes to bitcoin.
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December 10, 2019, 03:09:44 PM
 #52

Don't just set limits on earning Bitcoin. Do the best you can, work hard to earn more. I know we're expecting in to reach all-time high price but while we're waiting for that, let's earn more Bitcoin. Since we're still not sure how Bitcoin price will do, don't just be contented with a certain amount of Bitcoin. As long as your capable of earning more.
Personally, I don't set certain amount... I hold what I can hold.
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December 10, 2019, 03:28:07 PM
 #53

Don't just set limits on earning Bitcoin. Do the best you can, work hard to earn more. I know we're expecting in to reach all-time high price but while we're waiting for that, let's earn more Bitcoin. Since we're still not sure how Bitcoin price will do, don't just be contented with a certain amount of Bitcoin. As long as your capable of earning more.
Personally, I don't set certain amount... I hold what I can hold.

Earning bitcoin is not east as what think by many in which it needs an investment and a lot of time in order to earn. Bitcoin is a dominant crypto currency that no one coin could easy defeat its top. My suggestion in order to earn as much as you can just invest some of it as your capital, nobody knows someday you can earn much more.
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December 10, 2019, 03:43:48 PM
 #54

do and collect as much as you can, because if you target too high which is only an imagination it will be difficult to obtain. having 1 bitcoin is clearly "enough" than not having it at all. those who talk about having a lot of bitcoin might have had lots of bitcoin from the start so it's easy to say that, for those who start from the bottom only want or can get 1 or 0.1 bitcoin alone is more than enough, if you are smart enough with that much capital later in the future ahead, can still be used for other planning for example for trading or investment.
personally, can have 1 bitcoin or 1 eth or whatever, for me that is enough,  I don't limit anything ...

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December 10, 2019, 11:42:27 PM
 #55

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.

The original goal was to join the "Vladimir Club." The membership requirement was 2,100 BTC. This trend of lowering the bar will only continue as adoption increases. It's inevitable considering Bitcoin's scarcity.

Anyone who can squirrel away 1 BTC is a member of a small, elite group. With BTC prices near $10K, very few people can afford it. Even middle class Americans are now mostly priced out.

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?

At $2/BTC, it was easy. At $7K/BTC, it's very hard. How about at $100K? Cheesy

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December 11, 2019, 01:20:30 AM
 #56

I would say 21 is a big number, i mean only 1 million users could have that amount, and now days we see more people than that involved in cryptos. Maybe 1 bitcoin is a good amount to hold in the long term, no one know what the value will be in 50 or 100 years, but for sure will be a crazy amount of money.

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December 11, 2019, 02:05:05 AM
 #57

I would say 21 is a big number, i mean only 1 million users could have that amount, and now days we see more people than that involved in cryptos. Maybe 1 bitcoin is a good amount to hold in the long term, no one know what the value will be in 50 or 100 years, but for sure will be a crazy amount of money.
In a thread discussion came to know about the people owning at least a small portion of bitcoin in USA. From a survey it is found that 9% of the population own bitcoin which is around 33millions. This way when we calculate the people owning bitcoin it'll go big in number. According to this 21 is a big number as stated, but one who holds such a big number can feel himself to be a multimillionaire after years.

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December 11, 2019, 02:13:33 AM
 #58

There is no definitive answer as people may have different goals about how much bitcoin to have in 2019 or we should change the target to collect in 2020.
Basically, BTC1 is my main goal, although it's not so easy to collect it, I've ever had it and many people did as well. However, due to many reasons, bitcoin and other forms of payments/money have to circulate, so we spend it and became less than BTC1.
For a beginner in the crypto sphere, aim for BTC0.1 is a good target, then BTC0.5 and finally BTC1, even if it takes 1 or 2 years for you to accumulate it, just set the goal and stick with it, you'll be there.
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December 11, 2019, 02:34:51 AM
 #59

21 million is a big amount if indeed, the popularity of bitcoin does not increase. But in reality the popularity of bitcoin continues to increase over time until they race to collect and get bitcoin because of limited supply. That way, then 21 is a small amount if everyone in the world realizes how valuable it is to have 1BTC, those who have good knowledge and skills to produce bitcoin at least 1BTC are something that is easy to achieve, so it's no surprise when someone becomes a millionaire in this circle.

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December 11, 2019, 07:41:55 AM
 #60

Opinions matter when it comes to how many is enough with bitcoins, others
meanwhile would lucratively prefer as much as they can acquire. Having
indulged in the belief or fact that bitcoins will bring in a much better price
and with that a great big deal of an investment. Having 1 is enough for me
for the time being seeing how it's (Bitcoin) prices are still somewhat of a struggle.
But I'm still being optimistic about it, just as everyone else here. Happy Holidays everyone.

I have the same opinion when I was just starting here in this forum, 1 bitcoin is enough, then when I started earning through signature campaign and see how amazing it is to earn bitcoin no matter how much it is, then I changed my mind, I want to earn as much as possible, why limit yourself in something that could make your future bright and secure than fiat, 1 bitcoin is not enough since we are spending money everyday to sustain ourselves in order to live.

I know that it is depressing seeing how market prices are going down even more after 2017, but we just have to believe in what we started, soon enough, it will be all worth it.
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