fullhdpixel
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December 11, 2019, 07:44:24 AM |
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Personally I do have a limit, I am one of those people who think too much wealth is too much and nobody should have that much money, for example there should not be any billionaires in the world, 500 million dollars is enough for everyone in the world as a maximum so if we just give people who have over 500 million dollars, cash liquid 500 million dollars (and not assets like stocks and real estate valuation etc etc) and spend all the rest on helping out the poor, we wouldn't have any poor people in the whole world.
I personally feel like 4 million dollars is more than enough for me, I say 4 million dollars because I want to put some leeway in there, otherwise 1 million dollars is more than enough for me but the extra is "just in case" money, after 4th million, I don't need any money at all. I think everyone in the world who doesn't have 4 million dollars would agree with me.
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MI6
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December 11, 2019, 07:47:34 AM |
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I only do earning from bounty, and then sell if really needed and save the rest. Always like that, if price increased after i sell, yes regret might be come but nothing that i can do. And then if bull run come, i wait for good price to sell and at least i think if i get from bounty rewards, i am not lose my own money at all. So, i think it will be ok for me.
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Hallmader
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December 11, 2019, 08:14:36 AM |
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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 That is pretty much what I am saying in my post. The post above me is saying that real investors do not aim to increase their Bitcoin only to HODL it. Nope, I don't agree. Investors know when to trade and when to HODL. Investors HODL while trying to invest more if they do not know how to trade them. Some others trade them while trying to increase their holdings because they know how to make profit out of trading. If you do not know how to trade, then you would prefer to keep your Bitcoin safe and HODL them instead.
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barabarian1
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December 11, 2019, 08:58:24 AM |
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we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.
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Shasha80
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December 11, 2019, 09:02:31 AM |
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There are no official rules that require us to collect a certain amount of bitcoin. But it has a bitcoin target we must have it will make us motivated to work harder in collecting bitcoin. And that is the thing positive in my opinion. Imagine if we don't have a target in collecting bitcoin or making profit then we will relax in undergoing it. So try to conclude which one will achieve the success of people who have the target or people do what they are. If I'm the type of hardworking person who really wants to succeed in everything, so I'm used to having it targets in undergoing anything. Including having a target every year must have a minimum profit of 1 BTC.
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alisonwonder
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December 11, 2019, 09:46:55 AM |
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we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.
why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.
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Janation
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December 11, 2019, 10:25:41 AM |
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why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.
Yeah, I agree. Bitcoin's been giving us a good profit for a long time now and I don't think 0.5 will be enough. As they say, no riches will ever satisfy a greedy person. I am not saying that we are all greedy here, I am saying that as an investor, our instinct doesn't stick with a lower profit, we aim or goal for a bigger or larger profit, maybe 6-7 Bitcoins, maybe 100 if I am good enough.
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TheUltraElite
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So anyway, I applied as a merit source :)
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December 11, 2019, 10:29:39 AM |
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why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.
You should aim to earn. Not collect. Earning is one thing which is having a moral value behind it. Collecting on the other hand point to more ruthless scavenging of an article. The terms may be used interchangeably but there is a slight difference. All of us should focus on buying bitcoin during the sideways market for the upcoming bullrun. Keep it in stock for selling later on but dont waste it on gambling or altcoins.
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Dart18
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December 11, 2019, 11:29:07 AM |
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You should never stop to accumulate more. That way you could have the upper hand at some time in the future.
6, 21 or whatever number is never the end of it. There are 21 million. Better go with hundreds or maybe thousands of it. Chances of it being in more usage might be near. Merchants might also come in anytime so better be prepared right?
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Vaculin
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December 11, 2019, 11:57:08 AM |
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I would be so happy with 100 btc but I know can't make it now or even in the next 5 years, with that said, I would be more realistic by just aiming to save 10 btc, half is for short term and the half is for long term while waiting for BTC to become mainstream.
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alisonwonder
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December 11, 2019, 12:32:40 PM |
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why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.
You should aim to earn. Not collect. Earning is one thing which is having a moral value behind it. Collecting on the other hand point to more ruthless scavenging of an article. The terms may be used interchangeably but there is a slight difference. All of us should focus on buying bitcoin during the sideways market for the upcoming bullrun. Keep it in stock for selling later on but dont waste it on gambling or altcoins. its same, in essence we get bitcoin for the long term before bitcoin price rises higher. if everyone is hard to buy the best way to earn like through a bounty. but if the price is lower, as much as possible force to sell valuables or whatever it is to buy bitcoin. because for now that it to earn is quite difficult when bitcoin situation as current.
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meliodas
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December 11, 2019, 12:52:15 PM |
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Based on my opinion, 100 bitcoins is enough. You can do a lot of things with 100 bitcoins, you can build a passive source of income through cryptocurrency and other business ventures with that 100. Getting to that number of bitcoins might be impossible but it is really possible if you have determination to push your limits to reach that 100 bitcoins.
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Colt81
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December 11, 2019, 12:55:47 PM |
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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.
In my own opinion, every crypto users always aim to have a huge amount of bitcoin, but it still doesn't satisfy them because every people always experienced greed in terms of money, that is why they always wanted to have a huge amount of bitcoin for them to cure their satisfaction and to buy everything that they wanted and needed.
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wildan88
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December 11, 2019, 01:17:30 PM |
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Based on my opinion, 100 bitcoins is enough. You can do a lot of things with 100 bitcoins, you can build a passive source of income through cryptocurrency and other business ventures with that 100. Getting to that number of bitcoins might be impossible but it is really possible if you have determination to push your limits to reach that 100 bitcoins.
that's more than enough, even having 1 bitcoin isn't so bad, if the price of bitcoin goes to $100,000. having 100 bitcoin is like a dream is very difficult but of course, for most traders, it's easy, because they have a lot of capital to grow it. but how for now can get that much if not from trading or gambling, mining can also but certainly requires a very big of capital. so in my opinion, at least have 1 bitcoin for the future is good enough.
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imstillthebest
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December 11, 2019, 01:20:16 PM |
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In my own opinion, every crypto users always aim to have a huge amount of bitcoin, but it still doesn't satisfy them because every people always experienced greed in terms of money, that is why they always wanted to have a huge amount of bitcoin for them to cure their satisfaction and to buy everything that they wanted and needed.
so there is no specific answer to this question because people are greedy . once they have some bitcoin they will try to double it and if its doubled they will try to double it again . the process will only loop . unfortunately not all people are risk takers to double their btc but they will just pretend that its enough for them . i also forgot that the price of btc do also changed . so when btc price go down , the need for btc will also rise more evenly .
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Pinkris128
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December 11, 2019, 01:53:19 PM |
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In my own opinion, every crypto users always aim to have a huge amount of bitcoin, but it still doesn't satisfy them because every people always experienced greed in terms of money, that is why they always wanted to have a huge amount of bitcoin for them to cure their satisfaction and to buy everything that they wanted and needed.
so there is no specific answer to this question because people are greedy . once they have some bitcoin they will try to double it and if its doubled they will try to double it again . the process will only loop . unfortunately not all people are risk takers to double their btc but they will just pretend that its enough for them . i also forgot that the price of btc do also changed . so when btc price go down , the need for btc will also rise more evenly . Indeed. There isn't a word that will say enough for everybody because even a person already achieved all the things that they ever wanted, they will still find another goal that will satisfy them again, that is why if a person already become rich in bitcoin he/she still wanted to become more rich from what he/she has today.
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Amel
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December 11, 2019, 02:44:28 PM |
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we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.
why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower. In my opinion it is the initial target, when we have a goal then we must determine the initial target that we must achieve, including me when collecting bitcoin. I will look for as many Bitcoins as possible but I collect them in stages with certain targets, it will make it easier for us to pursue them than not having a clear target.
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alexsandria
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December 11, 2019, 03:14:19 PM |
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I don't settle with the amount I can have for me to say it is enough. Because it will later on be spending to somewhere else, so, what I want to settle with is a passive income in which if I can afford to build up a small business with the crypto I saved from working on then, I would be definitely more satisfied than just settling with the amount I saved with crypto.
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riso2015
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December 11, 2019, 03:23:06 PM |
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If you already know where the benefits of having Bitcoin, you will continue to try to get it every time. I also do not provide benchmarks or limits when I will feel enough to have Bitcoin. But If you are a businessman then have enough Bitcoin for your business capital then that is a reasonable limit.
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darkangel11
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December 11, 2019, 04:17:15 PM |
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I'll give you a good advice: get as much as you can. For every person enough will be a different number. Calculate it like this:
Let's say Bitcoin goes to 100k USD which is a great price. Not something crazy high like 1 million and very much achievable in the next 5 years. Is 1 Bitcoin going to be a lot to you? If you were to get 100k now would it change your life?
For someone in the US it's going to be a nice gift. Enough to pay all debts, send a child to college, buy a car but it's not going to make them rich. For average people 5 bitcoins should be enough to change their lives. Start a business, buy a house anywhere they want, move to another country and start a life there, travel around the world.
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