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Author Topic: How many bitcoin is enough?  (Read 4105 times)
Kprawn
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December 09, 2019, 07:29:07 PM
 #21

I bet you if you ask a Millionaire .."How much money does he or she has to have before it is enough..?" ...the answer will always be... "It's never

enough, because you always want  more. So, the best strategy would be to keep on buying or earning bitcoins whilst it is still cheap. Once Bitcoin

goes mainstream and the price goes to the Moon, you would never regret the money that you used to buy more or the time you used to earn more.

When the Bitcoin price hit $18 000 in 2017, I wished I had much more... but I never in my wildest dreams thought that it would go from $300 (where

I bought) to $18 000+  Shocked

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Febo
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December 09, 2019, 08:29:40 PM
 #22

How many bitcoin is enough?

0.21 BTC will be way more then you ever need. Only 100 million people can have that much.  Not to mention things like this https://bitcointalk.org/index.php?topic=5206249.0  They hold a million by them self. Satoshi holds another million. Cheap old bastard!  Everyone that have more then 0.21 BTC should consider to donate them to those that have less or even none.
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December 09, 2019, 08:38:28 PM
 #23

As you have said, you keep on accumulating as much as you can and that's all you have to do. No matter how many bitcoins others telling you to have in the future, it depends on how you'll get hustle for it. 0.1BTC or 1BTC depends on how much you can. The amount is already decent while we're on the current price but it's not that bad to aim more but if you can't accumulate that much, at least you have tried for it. But if you will analyze the cost of living in your country and your lifestyle, you'll see how much you really want.



 

 

 

 

 

 


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December 09, 2019, 09:25:25 PM
 #24

There are no limits when you talk about profit, everyone wants more Bitcoin. I personally put my bitcoin into a trusted investment and trade daily for extra profit. I set 5-10% of my daily trading profit, also 3% per month for my investment.
I don't aim for a certain amount, as long as my bitcoin growth increases it's more than enough.
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December 09, 2019, 11:28:38 PM
 #25

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.
There is no certain amount of bitcoin that you can hold if you gonna be accumulated bitcoin maybe buy some bitcoin so that you can reach your want amount of bitcoin. If you don't have enough money to buy a whole bitcoin then you can buy a sats until you accumulate 1 bitcoin. As for me 1-2 bitcoin is enough for me to hold in a long term.
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December 09, 2019, 11:52:39 PM
 #26

...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.

Everyone has their own speculation and prediction about "bitcoin's future" so the numbers and figures are a product of their own analyzation.

Up to you on making on your own or opt to follow them.

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.

We are living in different standards so buying BTC1 is obviously difficult for others to do. Even purchasing BTC0.1 is quite expensive for others. I don't understand why such concern should be raised.

To make this short, generally, if you really believed that bitcoin has a future, whether via your own instinct or have a valid basis, you should just accumulate BTC whatever you can.

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December 10, 2019, 12:25:02 AM
 #27

Everyone that have more then 0.21 BTC should consider to donate them to those that have less or even none.

Giving money to people that have less or no money at all doesn't sound like a good thing. You are better off educating people and explain the importance of Bitcoin to them in the best possible way. That's how you very likely will get people to do everything they can to accumulate as many satoshis as possible.

If you have been in Bitcoin for a couple of years and you regret not having bought more coins while you easily could afford to buy more, you just didn't take Bitcoin serious enough. I have a tremendous respect for OG's who have held through the multiple boom and bust cycles without losing focus on the actual goal and potential of Bitcoin.

People who regret not having bought more should be happy that the price is going down, because that allows them to acquire more satoshis for the same amount of fiat. How can that possibly be a bad thing?
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December 10, 2019, 12:38:25 AM
 #28

Nothing is enough as humans are forever discontented. So, It dont really matter how much would Bitcoin cost in the next few years as long as we are able to maximize the probability to become very rich. There will be so specific range where one consider it as target, even those who have set theirs, may have also a doubts.

So, I guess you're doing fine with this.


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.

In my case, I rarely touch my Bitcoin from my wallet to buy things I need or wants. Specially now where Bitcoin is struggling to get to a 5 digit figure.
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December 10, 2019, 12:54:46 AM
 #29

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.
It depends on your level of greed. actually, with 0.1 Bitcoin it is too low and it seems that everyone can achieve it. I know that many bitcoin-minded people will soon reach $ 1 million or $ 10 million in the future, so they just want to get 0.1 bitcoin. This is ridiculous, but I have yet to find any data showing that the value of bitcoin could rise to $ 1 million. all are just McAfee fomo news and financial "experts", it's nothing reliable.

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December 10, 2019, 01:25:09 AM
 #30

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.
It depends on your level of greed. actually, with 0.1 Bitcoin it is too low and it seems that everyone can achieve it. I know that many bitcoin-minded people will soon reach $ 1 million or $ 10 million in the future, so they just want to get 0.1 bitcoin. This is ridiculous, but I have yet to find any data showing that the value of bitcoin could rise to $ 1 million. all are just McAfee fomo news and financial "experts", it's nothing reliable.

Well that still doesn't answer the question as to how many should be enough. That's probably because you really can't have a definitive answer as the question is subjective. Some of us would just settle for .1 btc whether it goes up to 1million or not simply because we have other means to make money. Those that largely rely on btc would obviously say they'll need more.

 
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December 10, 2019, 02:11:09 AM
 #31

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 do not have a regular source of Bitcoin, so I am just taking whatever I can and hopefully I would have a good amount of coins I am holding in the coming months. Frankly speaking, it is not easy accumulating Bitcoin except of course just buying them from a good source using the fiat money. I actually just bought Bitcoin once and that was in 2016 the first year I got into cryptocurrency. Now, it would have been different if we can have a regular sources of Bitcoin, let's say a site like the Fiverr that has really good amount of buyers and sellers and not just another anemic platform with no critical amount of users. The problem I think is that more and more Bitcoin owners are into holding and not spending, and that is bad for business because as currency it should have been circulating everywhere.
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December 10, 2019, 02:19:54 AM
 #32

It is always moving because the value of Bitcoin is also constantly changing. If you remember the days when you are setting your goal and the value of Bitcoin is still at around $5,000, then you could have thought that 20 BTC is enough. But when the value of Bitcoin is soaring high at $14,000 then your earlier figure will also be changing. That is what is going on here. If Bitcoin will reach $100,000 then perhaps your goal will also change, even reduced at a single BTC already.

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December 10, 2019, 03:46:07 AM
 #33

It is always moving because the value of Bitcoin is also constantly changing. If you remember the days when you are setting your goal and the value of Bitcoin is still at around $5,000, then you could have thought that 20 BTC is enough. But when the value of Bitcoin is soaring high at $14,000 then your earlier figure will also be changing. That is what is going on here. If Bitcoin will reach $100,000 then perhaps your goal will also change, even reduced at a single BTC already.
Have 20 BTC is more enough for investing and trading with bitcoin or latcoin, for safety maybe investing with bitcoin is profitable because keep stable price with bitcoin and we always get profit every day because bitcoin price keep growing up, for altcoin can get much profit but have ready with big risk and we can't prediction how altcoin price suddenly become with lower price and we do not have good thing for investing with altcoin.

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Murat
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December 10, 2019, 04:24:14 AM
 #34

Really it depends on your demand, I know the demand has come from your requirement, so it totally depends on how you see your life in this platform, It's a relative issue, Sometimes one Bitcoin is enough for maintaining the life but when you say about the luxury then you need more, the more you have the more you want, this is the reality of the human nature, so you can't get satisfied within an amount, but I think Two or Three Bitcoin is more than enough for availing a standard of living in this days, but you are too greedy for money then the figure would be changed.

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December 10, 2019, 05:18:08 AM
 #35

Do you guys have a certain amount you are aiming for?

I want to get as much bitcoin as I can, but I think we want to earn more and more bitcoin in many ways. Perhaps, some people can say that 10 bitcoin will be enough but trust me, the human will never satisfy, and they still want to earn more and more and if they still have a chance, they will trying to do that thing.

I guess that while the market is not increasing too high, we can try to save more bitcoin from trading because that will give us a chance to make a profit in bitcoin, especially if we can choose the altcoin as the way to make a profit.

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December 10, 2019, 05:41:01 AM
 #36

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

But do you think that too much money is bad for you. It is okay to apply smart manage to your account but increasing your money without proper manage can destroy yourself. Average  and few money is okay, and easy to handle.

 But it is also good to become conscious about the bitcoin you have, but always checking it can lead to anxiousness that can destroy mental health.

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December 10, 2019, 06:42:45 AM
 #37

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.
Just like what you said, you will never stop same with me, and I think same with every person here in the forum. Don't limit your success by getting more bitcoin, don't set a limit, think that nothing will be enough! I know it sounds not right, but that's the reality, as long as you want something and you are not achieving anything you want, nothing will be enough. Let's just keep grinding and earn more bitcoin.

Really it depends on your demand, I know the demand has come from your requirement, so it totally depends on how you see your life in this platform, It's a relative issue, Sometimes one Bitcoin is enough for maintaining the life but when you say about the luxury then you need more, the more you have the more you want, this is the reality of the human nature, so you can't get satisfied within an amount, but I think Two or Three Bitcoin is more than enough for availing a standard of living in this days, but you are too greedy for money then the figure would be changed.

After hitting that amount of bitcoin, I am sure that, the holder will want some more, just like you said, Human nature will always want what's the best. I think that's all good as long as you are not doing anything wrong.

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December 10, 2019, 06:53:40 AM
 #38

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.

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December 10, 2019, 07:58:12 AM
 #39

I do not have specific target on how much bitcoin that I should store in my wallet. My focus and my goal is to increase the bitcoin that I have and it is why I keep trading it. Becoming a short term trader is not easy because I allocate most of time in studying and also monitoring the prices of the coins that I keep trading for me to stay updated everytime.
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December 10, 2019, 08:13:02 AM
 #40

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?

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

Website:Bitcoin South Africa - Twitter: @bitcoinzar - Facebook: @bitcoinzar
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