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Author Topic: How many bitcoin is enough?  (Read 4142 times)
Dollar_Hunter
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April 01, 2022, 04:06:07 AM
 #361

No matter how much bitcoin is enough it is profitable no matter how long it lasts. The price of Bitcoin is rising at the moment and it is expected to rise further in the future everyone invests less because of the high value of bitcoin the more capital you have, the more capital you have the more bitcoin you hold the more profitable it is bitcoin will never be lost as its investment demand grows. Therefore it is better to keep bitcoin even if it is a small number.

The most important thing about bitcoin is that it can give us benefits, I have known bitcoin for almost 10 years, unfortunately it is always too late to invest, and when the price is high as it is now then I try not to repeat the mistake again, I will focus on buying and holding for the long term.
There is no doubt about it and many people have already benefited from holding Bitcoin,
for long term investment Bitcoin the right choice and very feasible,
whether this is the right time to buy Bitcoin or not I also don't know but for sure we must also be brave to take risks

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April 09, 2022, 03:04:41 PM
 #362

No matter how much bitcoin is enough it is profitable no matter how long it lasts. The price of Bitcoin is rising at the moment and it is expected to rise further in the future everyone invests less because of the high value of bitcoin the more capital you have, the more capital you have the more bitcoin you hold the more profitable it is bitcoin will never be lost as its investment demand grows. Therefore it is better to keep bitcoin even if it is a small number.

The most important thing about bitcoin is that it can give us benefits, I have known bitcoin for almost 10 years, unfortunately it is always too late to invest, and when the price is high as it is now then I try not to repeat the mistake again, I will focus on buying and holding for the long term.
There is no doubt about it and many people have already benefited from holding Bitcoin,
for long term investment Bitcoin the right choice and very feasible,
whether this is the right time to buy Bitcoin or not I also don't know but for sure we must also be brave to take risks
I think that in about 20 years, whoever owns at least 1BTC will be a billionaire, there will be no doubt about that, then this totally deflationary economy will make many of its owners or holders have a lot of money over time, even some people say that for now the BTC is expensive, but it is obvious that in a few years it will have very large values in price, which makes it seem to be very cheap at the moment compared to what will come. I am a person who believes in the S2F model and that all things will flow in that direction, which is why I base my speculation here.

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April 09, 2022, 04:04:38 PM
 #363

Exactly the same thing in my country, banks and all other financial institutions are banned from carrying out crypto transactions, and they were also instructed to restrict the account of anyone suspected to be dealing in cryptocurrencies, so we all in my country resorted to p2p as a means of withdrawing money from crypto to our bank account as well as deposit from our bank accounts to exchanges for crypto purchase.

One thing is certain, this phase will pass, their ban has not reduced the number of crypto traders in the country, Infact, the ban has even tripled the number of those who are into crypto in my country, so it's just a matter of time, they will come to the realization that this is a revolution they have no power over, and they can not stop it.

It will only be a matter of time before they change their stance on crypto.
If they see other advanced countries that are very open to crypto market, they would think, why they are very strict to it?
And if they observe the impact on the economy, they will re-assess their protocols.
Because if they will stick to their laws, they will find out quick that they may be are left behind.
I agree with this statement, the least shameful way that I am sure that they will do it is through the regulations that they will put in the country, this is the way that the governments will begin to accept the BTC and the crypto, it is that they do not have another way.

No country can go against the tide, if all countries accept BTC in some way they cannot refuse, it is like saying No to money, because after all BTC, Gold, represents money. And BTC still it is a great representation of the money that can be multiplied.

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April 09, 2022, 06:00:31 PM
 #364

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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April 09, 2022, 06:22:51 PM
 #365

I think that in 10 years 1 bitcoin will be worth a very large amount of money. 

How much will 1 bitcoin cost?  It's hard for me to give a precise answer to this question. 

Let's assume that in 10 years the price of bitcoin will reach $1,000,000.  This is a very real price for such a well-known and popular deflationary asset. 

By the way, it is likely that the price of Ethereum will also be very high.  At the same time, investing in Ethereum can be even more profitable than investing in Bitcoin. 

Ethereum has smart contracts and this is its advantage over the first cryptocurrency.

 
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April 09, 2022, 08:19:00 PM
 #366

Bitcoins Price is any time to up and down. So people love the bitcoins and endless. Bitcoins is future t the coins. So flow the bitcoins day by day. so peopl know what time to buy the bitcoins and what time to sell the bitcoins. It people endless hold the bitcoins. Bitcoins is endless. So people hold the bitcoins and time to release in the marketplace.
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April 10, 2022, 06:29:59 AM
 #367

Let's assume that in 10 years the price of bitcoin will reach $1,000,000.  This is a very real price for such a well-known and popular deflationary asset.

Dreams of a million-dollar bitcoin have been going on for five years, since the famous controversy of the now-deceased McAfee. A million-dollar bitcoin is a reality if mass adopting happens. Will it happen in the next 10 years? There is a possibility, if of course bitcoin can solve the many problems it now faces. It is unclear how much more speculation in the industry about the harm of bitcoin mining, its speculative nature, high volatility, etc.

Personally, I think in 10 years bitcoin could be worth $400,000. There are still too many unmined coins for a $million price.

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April 10, 2022, 07:46:04 AM
 #368

Let's assume that in 10 years the price of bitcoin will reach $1,000,000.  This is a very real price for such a well-known and popular deflationary asset.

Dreams of a million-dollar bitcoin have been going on for five years, since the famous controversy of the now-deceased McAfee. A million-dollar bitcoin is a reality if mass adopting happens. Will it happen in the next 10 years? There is a possibility, if of course bitcoin can solve the many problems it now faces. It is unclear how much more speculation in the industry about the harm of bitcoin mining, its speculative nature, high volatility, etc.

Personally, I think in 10 years bitcoin could be worth $400,000. There are still too many unmined coins for a $million price.

Yes, we remember it.  1 bitcoin = $1,000,000 is a very old meme. 

However, there are currently very few people who actually believe that 1 BTC = $1,000,000.  Bitcoin owners have moderated their appetites. 

At the same time, there are reasons to hope for such a price. 

Bitcoin is the world's ideal reserve currency.  At present, the world is split and disunited.  Individual countries will issue Central Bank Digital Currencies (CBDCs). 

However, a world currency is needed, which will be recognized as a monetary asset by all people on planet Earth (regardless of which economic and military blocs their countries belong to). 

Bitcoin is such a global currency.  Bitcoin is decentralized, thanks to which it belongs to all Humanity.

 
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April 10, 2022, 09:52:27 AM
 #369

I think that in about 20 years, whoever owns at least 1BTC will be a billionaire, there will be no doubt about that, then this totally deflationary economy will make many of its owners or holders have a lot of money over time, even some people say that for now the BTC is expensive, but it is obvious that in a few years it will have very large values in price, which makes it seem to be very cheap at the moment compared to what will come. I am a person who believes in the S2F model and that all things will flow in that direction, which is why I base my speculation here.
20 years is long and there will be more all time high's that bitcoin will achieve throughout that year. To some developing countries, owning a single bitcoin already entitles to become a millionaire so how much more if 20 years from now?

You will be a billionaire if not a trillionaire as long as you still have that 1 bitcoin but pretty sure they will still have it because bitcoin holders already witness the benefits of holding a bitcoin for a long time. They won't sell it all but if they will sell, they will only sell a tiny percent, that is for them to have a money that they can use for buying more bitcoin once the market experience a bear run.
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April 10, 2022, 06:36:52 PM
 #370

However, there are currently very few people who actually believe that 1 BTC = $1,000,000.  Bitcoin owners have moderated their appetites.

And that's a good thing. People are enlightened and understand that their wishes are not true and that bitcoin cannot gain the price they want so quickly. People have become more knowledgeable about bitcoin, so there are a lot fewer of those naïve predictions we saw in 2017-2018. And even if they appear, people try to explain it as intelligently as possible, not just wishful thinking.

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Bitcoin is the world's ideal reserve currency.  At present, the world is split and disunited.  Individual countries will issue Central Bank Digital Currencies (CBDCs). 

Yes, CBDC development is underway and it is unknown how the governments of the countries where these products will be launched will behave towards bitcoin. If these countries decide to go the way of China, we will definitely not soon see bitcoin at a million dollars. Because such bans will greatly slow down bitcoin adoption and hold back its growth.

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April 11, 2022, 04:39:07 AM
 #371

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 2015 and i am really thankful that i knew bitcoin it change my life a lot

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April 11, 2022, 08:44:53 AM
 #372

However, there are currently very few people who actually believe that 1 BTC = $1,000,000.  Bitcoin owners have moderated their appetites.

And that's a good thing. People are enlightened and understand that their wishes are not true and that bitcoin cannot gain the price they want so quickly. People have become more knowledgeable about bitcoin, so there are a lot fewer of those naïve predictions we saw in 2017-2018. And even if they appear, people try to explain it as intelligently as possible, not just wishful thinking.

Quote
Bitcoin is the world's ideal reserve currency.  At present, the world is split and disunited.  Individual countries will issue Central Bank Digital Currencies (CBDCs). 

Yes, CBDC development is underway and it is unknown how the governments of the countries where these products will be launched will behave towards bitcoin. If these countries decide to go the way of China, we will definitely not soon see bitcoin at a million dollars. Because such bans will greatly slow down bitcoin adoption and hold back its growth.

In my opinion, CBDC is dangerous for the development of Bitcoin only in a situation where the CBDC of one country is freely convertible into the CBDC of another country.  In the absence of disunity and geopolitical tensions, CBDC does pose a significant danger to the first cryptocurrency.  In a situation where the world is split, Bitcoin will flourish. 

Mankind needs world money, it needs a standard of value.  Such world money should be decentralized, because in the conditions of geopolitical fragmentation, countries do not trust each other.  And Bitcoin is simply designed to operate in a trustless environment. 

Therefore, in the current realities, the chances of Bitcoin becoming the world's reserve currency are very high.

 
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April 11, 2022, 12:09:29 PM
 #373

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It will never be enough to have bitcoin because everyone is racing to collect bitcoin in any way, because they know that in the future bitcoin will be far more profitable.
and I personally always try to buy bitoin in small amounts incrementally from the rest of my salary that I have budgeted after meeting my needs, and I will continue to do so as long as I can afford unlimited bitcoin and for the future of my family later

Definitely, bitcoin will be more far profitable in the future. Using huge amount of money to buy bitcoin in this season, I think it will be enough for you to achieve what you want from the crypto market because those that invested a huge amount of capital on bitcoin some years ago, have something big to earn in the future. Investing your salary on bitcoin is a good idea that will affect your family positively in the future when the price of bitcoin finally hit $60,000 before the end of this month of April 2022. In this season of profits making, it will be better for people to increase their capital to buy bitcoin since the price has dropped to $41,000 which will really help them to make a reasonable income in the future.

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April 11, 2022, 01:46:00 PM
 #374

This question is similar to asking - how much money is good? The answer is obvious in this case - the more money, the better.
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April 11, 2022, 04:49:46 PM
 #375

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 can't be too much money. There will always be dreams and things to spend money on. Sometimes this is a very real amount of money for me, but sometimes I think I want more. We can ask how much money we need for a happy life and no one knows the exact answer.

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April 11, 2022, 09:49:01 PM
 #376

This question is similar to asking - how much money is good? The answer is obvious in this case - the more money, the better.
The more bitcoins the better!

This is what most people would say because as a human being then we are naturally being born to have that kind of greed inside which is on love for money because we know on what would be the benefits
on having a financial freedom in our current lives.
People wont really be contented on what they do current have.

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April 12, 2022, 04:51:36 AM
 #377

there is no mathematical answer when asked how many bitcoins should be owned. because of course the more bitcoins we have, the better. but everyone's ability to collect bitcoins is not the same, therefore it is better to set aside our money to buy bitcoins for our future, because after all this is better than saving in the bank. fiat will lose its value over time, while bitcoin will increase over time, so many people call it digital gold
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April 12, 2022, 09:35:55 AM
 #378

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?

We sometimes failed due to the fact that we believe almost every crap out there given by people, the amount of bitcoin you should own should be base on your financial capacity and not people's persuasions, there's no limit stated elsewhere to the certain amount of bitcoin an individual can invest with, all i will advise you is to invest rather than trading but if you're good at trading you can use a smaller amount in doing that, here am not giving you a precise amount to use because trading has lot of risk than investment, any always ensure you trade on amount in which you can afford loosing should in case it turned out opposite.

Investment is done to maintain the hold of value in assets over a long period of time, its also your choice in choosing the amount to invest with, only scammers will insist on a particular amount they want to help you invest or trade with and as for me, I don't have the highest or lowest amount in which i must invest, i work by my current economical and financial situation of my purse.

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April 12, 2022, 06:12:52 PM
 #379

In my opinion, CBDC is dangerous for the development of Bitcoin only in a situation where the CBDC of one country is freely convertible into the CBDC of another country.  In the absence of disunity and geopolitical tensions, CBDC does pose a significant danger to the first cryptocurrency.  In a situation where the world is split, Bitcoin will flourish. 

Mankind needs world money, it needs a standard of value.  Such world money should be decentralized, because in the conditions of geopolitical fragmentation, countries do not trust each other.  And Bitcoin is simply designed to operate in a trustless environment. 

Therefore, in the current realities, the chances of Bitcoin becoming the world's reserve currency are very high.

CBDC cannot compete equally with bitcoin because CBDC is a highly centralized currency and can be blocked at any time. To develop CBDC, governments will banish cryptocurrency from their country, as China has done.

I am inclined to believe that the implementation of CBDC will happen faster than bitcoin will become the world's reserve currency, as it may take decades for bitcoin to be recognized as the world's reserve currency.

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April 12, 2022, 06:23:08 PM
 #380

I believe there is a high probability Bitcoin may not ever get to a million dollars. The underlying technology ( blockchain ) is a little complicated and too clever for the average person to understand. Sure, if you're under 35, but the current demographics suggest that older people will become a huge segment of the population in the near future. And have you noticed they still use coins and VHS-tape recorders ?
I do see Bitcoin doing a 10X from where it is now though.
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