Sithara007
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January 22, 2021, 03:58:15 AM |
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Here in India, according to various analysts if you have around $150,000 in savings, then you can think about retirement. But if you are residing in a developed nation with high cost of living, then this amount will be enough for only a few years. But you need to be cautious here. Bank deposits rates are going down everywhere, and tax rates on capital gains/dividends are going up.
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romero121
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January 22, 2021, 04:05:38 AM |
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Here in India, according to various analysts if you have around $150,000 in savings, then you can think about retirement. But if you are residing in a developed nation with high cost of living, then this amount will be enough for only a few years. But you need to be cautious here. Bank deposits rates are going down everywhere, and tax rates on capital gains/dividends are going up.
There'll be variation depending on the location one resides. In India people are supposed to meet each and every need, even for education people need to pay. Only the students who are in the top profile get scholarship. With many countries education and medical needs were met by the government. This means their living expenses are the only thing that need to be met. So, if they're in the village or outer part of the city there is more chance of less living expense than India.
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GeorgeJohn
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January 22, 2021, 04:20:23 AM |
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No bitcoin can be enough or reach to humans satisfaction, because looking at it in another form bitcoin is money and money is bitcoin and know one can be satisfy of money irrespective the amount of finance that comes to his way monthly, using presidents as a case study, many of them has money that can sustain their life or serve their generation for twelve good years but still them wants to go back again, while?, because money is infinity want or need from humans, so relating it to cryptocurrency especially bitcoin, it's obvious that everyone wants to keep on having bitcoin till infinity because no one knows what the price might get up to in future.
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iamsheikhadil
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January 22, 2021, 04:27:18 AM |
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Realistically, if someone told me a few months ago that Bitcoin will reach $100k, I wouldn't have believed him but now that it has crossed even the $40k barrier, it does feel like Bitcoin will be hitting $100k sooner or later or even more! The simple answer is, how much you want, because to be honest, it's a very subjective question. Will you be happy with 1 Bitcoin or a 100k$ in future (which is 0.1 million dollars) or more?! Ask yourself. The approach to save as much as you can is the best way to go through though ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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dark1234
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July 15, 2021, 06:52:19 AM |
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how much bitcoin we collect see how much funds we have, because we know the price will continue to change and the value will be higher we know it's 100k/xxx it will definitely get to that point, therefore we always collect at 1 or 21 bitcoin
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Rasa nanas
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July 15, 2021, 07:20:43 AM |
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for me there is no specific target to be achieved in collecting bitcoins. all i do is just work and keep working to get bitcoin from bounty and airdrop. 0.1 bitcoin may seem impossible to someone like me, but no one knows the future fate of a project. the coins you get from airdrops or bounties can be very expensive in the future, even you can have 1 bitcoin from it.
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Lorence.xD
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July 15, 2021, 08:10:00 AM |
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My current target of Bitcoins is 1 BTC, but at the prices at the moment this is going to take a while. If I ever manage to get up to 10 BTC than I would be fully happy and say that I have enough. Greed is not good, so I will settle for the middle, 5 BTC. After saving so much in Bitcoins I would only be buying alt coins afterwards. This goal could of course move once the bitcoin price moves again. If 1 BTC would be worth 500,000 USD then owning 5 BTC is too much.
If the prices are consistently going up, I think that 10 BTC is enough but if we are talking about the safest but at the same time an enjoyable life, I think around 100 or 150 BTC is enough because you can cover the money that you have to use for traveling and other stuff plus it will probably be enough to start a family without the worry of where to look for money for daily expenses.
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Robinson66
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July 15, 2021, 08:49:13 AM |
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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.
Yes, I am as you think now. In fact, there are not enough Bitcoins. Now I don’t even have enough Bitcoin. I can only collect slowly. I usually invest all my excess money in Bitcoin, it is not sold, so I think I will celebrate until I own a Bitcoin. ;DI wonder how many bitcoins you guys have? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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maisao1991
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TheStandard
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July 15, 2021, 09:30:10 AM |
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Currently, I only invest to make a long-term profit and when the price goes up, I sell some to spend on things like electricity and water for the family's living expenses. but I always believed that in the future BTC would have a pretty high value and I was determined to keep a certain amount of BTC and never sell that portion of BTC.
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bryant.coleman
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July 15, 2021, 09:48:06 AM |
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Why don't you ask the richest man in the word (Jeff Bezos) how much wealth he need? Is he satisfied with his current wealth? The answer will be no. That is the basic human nature. People are not happy with whatever wealth he got. It is the same for someone who has a wealth of $200 billion and someone who has $20 in his pocket. So if you answer someone how many Bitcoin is enough, there will be no clear answer. If you ask someone with BTC0.001, he will tell you that he need at least BTC1. If you ask someone who has BTC1, then the answer will be BTC1,000. It will go on like that.
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Xinarae*
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July 15, 2021, 10:36:58 AM |
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No one can say how much bitcoin is enough each trader holds bitcoin according to his own ability. If you have bitcoin you should not spend too much because if the price goes up you will get enough profit we have made some changes in our cash investment policy to maintain future stability and increase profits. As the demand for investment has increased so has the price of bitcoin each person should hold at least 1 BTC. This 1 BTC will help increase its future wealth.
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Vishnu.Reang
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July 15, 2021, 12:59:50 PM |
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Rather than asking how many BTC you want, it will be better to ask how much wealthy you want to be in the future. I don't want to reveal the exact amount of BTC I own. In 2017, when I purchased BTC for the first time I got 2.4 BTC in my wallet. After that, I received some from signature campaigns and freelancing, but spend a lot more by converting to fiat or gift card. Now my total holding is less than the original amount I had in 2017. But I am happy with whatever I got. Because my financial condition has already improved a lot due to BTC.
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bengsabeng
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July 15, 2021, 02:38:00 PM |
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having 1 bitcoin in my wallet is like a dream to me, but i will keep fighting to make that dream come true. when I have managed to have 1 bitcoin I will save it well and I will use it for my old age. shall I stop there? certainly not. I will continue to try to collect bitcoins to buy some necessities of life.
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suryana
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July 15, 2021, 02:39:33 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.
I hold bitcoins not targeting but I would say if I had a goal. as long as I hold bitcoin I will continue to seek and get bitcoin as much as I can as you say.. If when I make a profit in trading I will accumulate it into capital and the rest I will use in fiat currency for my needs when I need to spend. So I never targeted only to have a goal to continue to develop the capital that I had invested.
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carlisle1
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July 15, 2021, 04:31:04 PM |
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Simple but very True! even he almost have everything he still not stopping and still working or aiming for more! an undebatable opinion base answer for every individual, that's how things works and people always got different answer depends with the class of financial status. Why don't you ask the richest man in the word (Jeff Bezos) how much wealth he need? Is he satisfied with his current wealth? The answer will be no. That is the basic human nature. People are not happy with whatever wealth he got. It is the same for someone who has a wealth of $200 billion and someone who has $20 in his pocket. So if you answer someone how many Bitcoin is enough, there will be no clear answer. If you ask someone with BTC0.001, he will tell you that he need at least BTC1. If you ask someone who has BTC1, then the answer will be BTC1,000. It will go on like that.
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agg2702
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July 15, 2021, 05:38:15 PM |
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as long as I can buy it and while I have unused money I will buy bitcoin regardless of all that I don't think I can set a target in buying bitcoin especially in a certain period of time. As long as I can, I'll definitely buy it, but if I can't, why do I have to force it. it's good if you target within a certain period of time you should have as many bitcoins as what you are targeting. but for me it becomes a burden if we don't have money that we can use to buy it
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Mahanton
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July 15, 2021, 06:19:22 PM |
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When it comes to money then there's no human being would be really that having that contentment which means there would be no enough bitcoin because as much as possible we would really need more.
Money is valuable and we would like to be rich and there would be no such thing about enough and that reality.For me 100 Bitcoin would be enough for me to live on a good life and everything is already secured
and on the current price then it would be sufficient for me to have that situation but of course as i said earlier, there would be no such thing about enough.
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Barinekapaul
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July 16, 2021, 02:11:39 PM |
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I know and can remember when I and my siblings were growing up and my Father was like; All he needs is 1million Naira and the problems of the family will be settle but that was not the case when the 1 million arrived. I don't think there is any amount of Bitcoin that is okay for someone, that is why will need and continue to invest in it to gain more, and accumulate more wealth for ourselves. We all need and wish that our Bitcoin keeps increasing as the day goes by, so no amount is enough as far as we are human. So the same way no amount of money is enough, the same way no bitcoin is enough also.
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Kittygalore
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July 16, 2021, 02:27:39 PM |
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For me, about 50 bitcoins is enough if the trend of the current prices continue or if it still goes up more than just 30k+ then probably 50 BTC is more than enough but that's going to be problematic if I were to start a family because expenses are going to be really high when you have a family.
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geegaw
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July 16, 2021, 05:18:16 PM |
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for me there is no specific target to be achieved in collecting bitcoins. all i do is just work and keep working to get bitcoin from bounty and airdrop. 0.1 bitcoin may seem impossible to someone like me, but no one knows the future fate of a project. the coins you get from airdrops or bounties can be very expensive in the future, even you can have 1 bitcoin from it.
Well, when we don't have bitcoin in hand, we don't have a specific goal, and when we have a lot of bitcoin, it's forever not enough, our goal is something that will develop after initial satisfaction, we will not be able to format a meaningful number for a target, just know the goal will get higher each year with the speed of our society and our awareness. And besides what you are doing, I encourage you to invest some capital, your small goals may be more feasible, instead of just completing bounty and airdrop in hope.
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