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Author Topic: How many bitcoin is enough?  (Read 4142 times)
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December 17, 2020, 05:46:22 PM
 #281

I don't have a specific amount or target in mind, I just buy as much as I can when the market seems bearish.

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December 17, 2020, 11:59:24 PM
 #282

Having a target for how much Bitcoin we should have will only make us stressed and depressed. And living a stressful life isn't it
good choice to take. I don't care how much Bitcoin to collect, and if I fail to have 1 BTC I won't be disappointed either. The most
important thing is I have given my best, that's enough for me. Actually I have been collecting Bitcoin since 2015, but until now
I have always failed to have 1 BTC, maybe because I have so many needs to buy and there is always a sudden need. This is what
makes me always fail to get 1 BTC, but I will not give up and will try to get 1 BTC.

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December 18, 2020, 05:51:56 AM
 #283

21 million should do it
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December 18, 2020, 06:29:36 AM
 #284

People are always so greedy, me too, I don't know how much BTC is enough for myself. However, the specific goal will be simpler, I will retire when holding 21BTC, I will strive to limit my spending and increase buying each year.

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December 18, 2020, 07:17:54 AM
 #285

People are always so greedy, me too, I don't know how much BTC is enough for myself. However, the specific goal will be simpler, I will retire when holding 21BTC, I will strive to limit my spending and increase buying each year.
That's too big, you are already living a luxurious life with that amount the moment you retire. $1 million per bitcoin is not impossible, if that would happen you'll be able to retire with $21 million, enough already to live a good life as long as you know how to manage your financials.

 
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December 18, 2020, 07:33:00 AM
 #286

For me you don't need to set your goal point in bitcoin as long as there some ways to earn then you should keep on earning because in the future bitcoin can be useful not only in some financial problem but to solve everything in your life not all can afford bitcoin but if they work hard to get what they want there's no impossible to do so and keep that in mind and always try harder it is okay to fail than not trying to earn.
I already collected a lot of bitcoin since i started in 2013 and i am really thankful that i knew bitcoin it change my life a lot.
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December 18, 2020, 08:17:21 AM
 #287

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.

Looks like answering this one would be purely based on subjective cues since it would be up to you how much of a bitcoin would be enough to you. Since bitcoin had an everchanging factors we can't say for sure what it the standard ceiling for one person to target unless you set yourself set of target.



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December 18, 2020, 08:37:19 AM
 #288

For me you don't need to set your goal point in bitcoin as long as there some ways to earn then you should keep on earning because in the future bitcoin can be useful not only in some financial problem but to solve everything in your life not all can afford bitcoin but if they work hard to get what they want there's no impossible to do so and keep that in mind and always try harder it is okay to fail than not trying to earn.
I already collected a lot of bitcoin since i started in 2013 and i am really thankful that i knew bitcoin it change my life a lot.

Yeah same for me, there is no real fixed cap on bitcoins where I would stop trying to earn some. Especially now with bitcoins at 23,000 USD I would keep trying to get some more. There is no real reason why we should stop with bitcoins in my opinion. The long term trend is upwards.
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December 18, 2020, 09:39:25 AM
Last edit: December 18, 2020, 10:55:09 AM by Ucy
 #289

21 million should do it

I guess you're agreeing with the "21" in OP post. He's probably referring to 21bitcoins rather than the total supply of Bitcoin(which is 21million). That part could be confusing to some people.


In regards to the Op post, i think what matters more to me is a well decentralized and safe Bitcoin. That will make me put in alot of money in Bitcoin

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December 18, 2020, 10:08:27 AM
 #290

it is very difficult to collect bitcoin and for that there is no target for me, but I will always try and keep doing my best for it. I don't want to be too greedy, I just want to live life as usual without any burdens

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December 18, 2020, 11:43:55 AM
 #291

It doesn't matter how many you can buy or stack bitcoin as long as you can afford it even little by little it's still a good sign and good investment in the future. Always accumulate what you can afford and by that greedy will not be the issue and you don't want to buy at high price, always not to ride the hype and stick with low key style of purchasing bitcoin at best price you can do.

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December 18, 2020, 03:14:03 PM
 #292

I don't aim for any specific amount of bitcoin that I could say enough for me because I have many responsibilities in my life that I should still be striving for and have patience in investing in bitcoin in the long-term. It is also difficult for me to accumulate a million dollars amount of bitcoin; that is why there is no way for me to stop using and buying bitcoin as a cryptocurrency.

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December 18, 2020, 03:19:11 PM
 #293

This question is a bit like saying "how long is a piece of string"? It's a redundant question and for people who are always trying to accumulate wealth, the answer will always be "more". It is highly dependent on each persons personal circumstances and financial strategy. Some people might be happy with 1 bitcoin if they live in a low income country it could set them up very nicely with the recent price spike - but they would have to cash it out in order to actually use it for anything useful. 1 bitcoin equivalent in fiat currency might be what they spend on an extravagant night out for a millionaire, it's all about perspectives.

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December 18, 2020, 07:29:31 PM
 #294

21 million should do it
It will be impossible for any country to hold 21 million talkless of you, you must be whale of whales  Angry Grin
On a serious note, I know I can't hold upto a bitcoin, I tried my best to accumulate the Satoshi I could accumulate and sell whenever I'm in profits. Cry
Those who prefer to hold for long term are the one enjoying this bull run.  Cry
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December 18, 2020, 07:57:55 PM
 #295

This question is a bit like saying "how long is a piece of string"? It's a redundant question and for people who are always trying to accumulate wealth, the answer will always be "more". It is highly dependent on each persons personal circumstances and financial strategy. Some people might be happy with 1 bitcoin if they live in a low income country it could set them up very nicely with the recent price spike - but they would have to cash it out in order to actually use it for anything useful. 1 bitcoin equivalent in fiat currency might be what they spend on an extravagant night out for a millionaire, it's all about perspectives.
I think it is about the amount of bitcoins in supply and not about how many bitcoins are enough to have, because if the question is about enough bitcoins to have then of course it will depend on the individual. Regardless, if the supply of bitcoins had an unlimited supply it might not be as high as it is now, but with this limited supply the price will continue to increase because it will become increasingly scarce. If it's like this it feels like 21 million might not be enough but yes, this won't happen if the supply is always available.

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December 19, 2020, 05:33:59 PM
 #296

This question is a bit like saying "how long is a piece of string"? It's a redundant question and for people who are always trying to accumulate wealth, the answer will always be "more". It is highly dependent on each persons personal circumstances and financial strategy. Some people might be happy with 1 bitcoin if they live in a low income country it could set them up very nicely with the recent price spike - but they would have to cash it out in order to actually use it for anything useful. 1 bitcoin equivalent in fiat currency might be what they spend on an extravagant night out for a millionaire, it's all about perspectives.
I think it is about the amount of bitcoins in supply and not about how many bitcoins are enough to have, because if the question is about enough bitcoins to have then of course it will depend on the individual. Regardless, if the supply of bitcoins had an unlimited supply it might not be as high as it is now, but with this limited supply the price will continue to increase because it will become increasingly scarce. If it's like this it feels like 21 million might not be enough but yes, this won't happen if the supply is always available.
One way or another, everything depends on the individual characteristics and character of a person, as well as on his needs in life. There are people who are satisfied with little and They get the thrill from life entirely from something else, and not from great wealth.
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December 20, 2020, 05:16:33 AM
 #297

I am actually working so hard to accumulate even just 1BTC or 2BTC in a year or two. However, I didn't set a limit with all my capabilities, the possibilities and opportunities that I may find as I go along the way. Definitely, 1 or 2BTC will be enough for me...I will be more than happy with that but still there are lots of possible things to happen depending on the situation itself and our knowledge. We cant refuse the great luck if we could get a big Cake despite of only wishing for a candy.
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December 20, 2020, 05:22:23 PM
 #298

LOL... the answer is very simple. Even 21 million is not enough. It is a part of human nature, and we are never satisfied with whatever we have. Take the case of the richest people in the world, such as Jeff Bezos, Elon Musk and Bill Gates. All these people have wealth in excess of $100 billion. But still they haven't retired from their profession. Despite all the wealth, they continue to make money. When this is the case with the richest people in the world, you can imagine the situation of ordinary people like you and me.
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December 20, 2020, 07:31:27 PM
 #299

Keep amassing on the off chance that you'll be able. As it were spend what you'll be able. BTC is still underestimated so distant and a part still accepts with its potential, but it hasn't truly come to the point where individuals have to be. Claim one. As of now, the framework of fiat is still continuous and indeed in spite of the fact that financial issues are going off here and there like how the worldwide obligation has expanded by so much, the fiat still in the market.

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January 21, 2021, 09:19:31 PM
 #300

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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