How many bitcoin is enough?

[southafricadude]

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.

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[Gotumoot]

I didn't set a target for bitcoin that I should accumulate every year. Because it just gives me pressure, right now what I earn I am saving the half and the rest I will convert to fiat currency to spend on my daily needs.

[CodyAlfaridzi]

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.

At the moment, I have the same plan as you. Just accumulating as much as I could because I think Bitcoin is still heavily undervalued and while I still could spend a big portion of my money to buy Bitcoin. The thing is, I don't have any final goal with this Bitcoin. I'm not hodling it hoping the price would skyrocket so I can buy a house, for example. I don't know what to do with it later, I just think that accumulating now is the right thing to do financially.

[Wexnident]

Keep accumulating if you can. Only spend what you can. BTC is still undervalued so far and a lot still believe with it's potential, but it hasn't really reached the point where people need to own one. Currently, the system of fiat is still ongoing and even though economic problems are going off here and there like how the global debt has increased by so much, the fiat still goes on. You can take it as the world is letting BTC develop and grow slowly so that once it takes the stage, the world would be able to use it much more efficiently compared to Fiat.

[Eternad]

We can't calculate the real how much of 1 bitcoin can be in the near future. We might expect it to be these but turns out to be low in value. So as long as we can buy then better buy some if we really see BTC its possible importance and effect in the future. I suggest to still do diversification add some in BTC and buy other assets also to be safe no matter what happen in bitcoin.

[mubashar002]

i am doing 50-50 as well , what i earn , i invest 50% and save the later when a good project that has possible growth i spent upto 60% of my funds to achieve my goals on a specific project

[NeuroticFish]

I think that I've seen at some point the numbers go down from 21BTC to 10BTC. I am not surprised that it's updated to 6.15BTC, although I've missed that.
However, as said, there's no certainty on how high can Bitcoin go. And the numbers may be simply based on how much each and everybody can acquire (and everybody want to be rich sometime). It's a simple wishful thinking, I don't think it has any ties to reality.

0.1BTC? Heh... no. Now the expectations about the halving are big. But if there won't be another bubble in the next ~2 years there's a good chance the "estimation" go again towards 21BTC...

[panganib999]

You can never have enough BTC. Just keep accumulating them while also trying to diversify your trading portfolio across various coins that you think would grow well in the future. The future of the economy and commerce is imo, held by the power of cryptocurrencies, so investing in them from now on doesn't really seem a bad thing. Plus, even if they aren't, a lot of profit could be obtained just from simply trading and holding them for some time. Look at how BTC started from 0.something $ to its $7.5k right now.

[blckhawk]

No one can tell, and it all depends to you. However, I don't think putting all your funds to the point that you become short in your needs is a good idea. It's much better to still split up your holdings to different investments. If you're always maxing out your available funds, and Bitcoin recieves a huge crash, then you could lose a lot of your investment and be forced to exit even when you're at a loss.

[royalfestus]

It might depend on the price of profit taking for bitcoin. 5 million dollar is enough to spend through retirement and anyone retiring earlier will think of adding more. if bitcoin hit $250k, 20 bitcoin would have been good retirement plan for the next bullrun. Average monthly spending in the USA is $6500 (maybe lesser if house is already acquired), so with 5 million, the retirement plan will take care of 65 years of your life. I didn't consider tax any way

[Lucius]

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.

Can I ask you a counter-question? What do you think the possible price of 1 BTC will be in the future, 5-10 years from now and how much money you consider a sufficient amount?

21 is just because of a total BTC supply of 21 million, there is nothing special in that number, and 6.15 is probably 6.25 BTC which will be reward for one mined block after next halving, you mixed up some things.

I would like to have at least 10 BTC one day, and I would like to see the value of 1BTC at $100 000 which would mean I would have $1 million, but that does not mean that I would not be satisfied with 5 BTC.

It is not easy to buy or get in any other way 1 whole BTC, there are countries where wages are very small, and people barely survive. For them, even 0.10 BTC is a difficult task. Some others are more fortunate to live in richer countries, so it is much easier for them to reach that goal.

[The Sceptical Chymist]

Stacking sats I think the cool kids call it.

Huh.  I never heard that phrase before, but I like it.

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.

Ideally if you're accumulating bitcoin for the long term, you should only do it with funds that you're not going to need for other things.  If you have to sell bitcoin in order to pay for things you need, you're probably putting too much money into it.  There's no shame in going slow while building your bitcoin position.

I never set a goal as far as how much bitcoin I want to have, because I have the type of personality where nothing is ever enough.  Even if I had 21BTC it still wouldn't satisfy me--and I don't have anything close to that right now.

[enhu]

Money is power and while you do have a lot of it you have more power. As a matter of fact, you as a man without money may not have confidence to face the future. He wouldn't stand a chance in this competitive world, where  there is always someone better than him. With 21 BTC, its good to survive but without the skills either that 21 BTC will just be lost after few months. With that I can say there is nothing you can say enough is enough you will need to earn more every day and save more BTC specially if you have wife and kids to provide.

[Twentyonepaylots]

It might depend on the price of profit taking for bitcoin. 5 million dollar is enough to spend through retirement and anyone retiring earlier will think of adding more. if bitcoin hit $250k, 20 bitcoin would have been good retirement plan for the next bullrun. Average monthly spending in the USA is $6500 (maybe lesser if house is already acquired), so with 5 million, the retirement plan will take care of 65 years of your life. I didn't consider tax any way

Yeah basically it depends on the price if the price gets higher maybe around $20000 then it's quite fair to say that 21 is enough but if it gets high then the number of bitcoin could also depends. I don't have any dream of acquiring those huge amount of bitcoin, a decent and fair square number of bitcoin for me is enough. I don't need to be rich or what, I just need to live my life to the fullest using bitcoin as driver. I do not aim that much coz unexpected things are better.  

[aardvark15]

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.

I don’t know where 6.15 comes from. I suggest a goal of 1 Bitcoin.  Right now that is attainable and should be worth a lot of money within 5 years.  

I had heard the 21 Bitcoin number a few years ago but that is now out of reach for most people.  Just try for 1.

[hugeblack]

The basic idea is that you have a certain number of currencies, this number is known and cannot be increased.
As for 21 million coins, it does not matter how many? If we leave it to people, they will not agree on a specific number, and perhaps the Fibonacci sequence is the one that contributed to the choice.
If you don't like the 21, you can make a hard fork and add as many currencies as you want. 

[Lanatsa]

Theres no such thing about enough on how many bitcoin you should collect on.People do collect as much as they can and 1 btc is enough is just a presumption
that btc would end up on 1m price per coin which had been talked back in the past for how many times but its just a point of view but on real talk theres no limit
on how much bitcoin you can able to accumulate.

[Aaroenz0r]

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?

0.1 bitcoin is really too little. I know that everyone is responding to the halving event but 0.1 will not do any miracle. for me, you must have at least 100 bitcoins to be one of the most influential people in the crypto community. Meanwhile, you will be able to control the market and you have a lot of choices. When you have money, you will have a very relaxed mentality and you will create better opportunities than if you only hold a few bitcoins.

[bitbunnny]

I didn't set a target for bitcoin that I should accumulate every year. Because it just gives me pressure, right now what I earn I am saving the half and the rest I will convert to fiat currency to spend on my daily needs.

I have a similar plan. It's hard to set some final amount of Bitcoins ecause of volatility. That is why I'm trying to save certain amount but without precise sum and the rest I'm spending. That way Bitcoin helps my finances but I also strongly beleive that Bitcoin isn't made only for savings and to be forhotten in some wallet but to be actively used in everyday life.

[wheelz1200]

How much money is enough?  Same thing.  There shouldnt be a number you work towards only a number that increases over time.  You should look at it more in terms of how much more bitcoin is a good amount for this year.  Smaller sample sizes makes for easier targets and goals.  Good luck