BuNga_cute
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January 02, 2022, 11:33:37 PM |
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This is actually an interesting question- since securing your "future" can be a difficult question to answer given the relativity of the amount of money needed in living in a particular area (e.g. first world countries vs third world countries, etc.).
As someone who lives in a third-world country, the amount of 1 BTC can garner you a very comfortable life- you can actually purchase a condominium unit in a relatively safe environment. But if the question focuses on "security in my future", I think having 20-30 BTCs can make my future very secured to the point that I can live accordingly without any hassle or inconvenience.
Yup the expense value differs but when he or she wishes to stay in a country like US, UK from a country which is not developed, he or she would require minimum of 5 Btc for now which is not too much. I frankly need 2 to 3 BTC as of now and I feel thats enough. Will close off all the debts and build a house and buy a car and then will save few thousand dollars to run my life along with my regular monthly income. Indeed the US and UK countries need more Bitcoin to secure the future, compared to third world countries which have a lower cost of living. Because I live in a country that is a third world country, I only need 1 BTC to be able to secure the future. Especially if Bitcoin reaches a price of $100k, 1 BTC can make me live a happier life. Most importantly we have no debt and do not have the wrong lifestyle. That's why I'm currently collecting Bitcoins, so I can have 1 BTC. But because in 2021 there are so many unexpected events, which forced me to sell some of my Bitcoin, so it took me much longer to get 1 BTC. But I am optimistic that I can collect 1 BTC, as long as we try hard nothing is impossible, even though I know the price of Bitcoin is getting more expensive.
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boyptc
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January 03, 2022, 12:48:59 PM |
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The question has no answer. I think many people think about the same - the more, the calmer you can feel.
There is an answer for each individual. It relies on where you live and how much the cost of living is. In the first world countries, 1 bitcoin while its price is on $47k isn't enough because cost of living there is too much. But that 1 bitcoin in some parts of the world, that would be enough for them to have a better living and can have a better start as they have that amount for a business or savings. But for most people then it would really be talking about the more the better because human beings could never really be contented on what they do have even if they do have almost all the things in the world. We are naturally greedy which you could really expect these kind of decisions which is very common.this is an unlimited kind of preference for sure. Securing your future and the status of it would really vary or depends on how hard and time you do put effort on that.This isnt something that could be achieved out easily. Well, increase your source of living until you get the amount that you think fits for your future and needs. We want as many as we can but doing it gives you the reality that you have to do something for you to achieve that. Unless you're already good with what you have. The security of our future depends on how wise we are with our investments and being hard working isn't enough.
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Sirait
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January 03, 2022, 04:06:08 PM |
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Obviously this depends on where you are located. Such as if you live in an expensive place in the US or Canada, then its a lot more than in other countries. Also if you are young, middle age or older.
I already have a calculation that only 2 bitcoins (at the current price rate) should make my life comfortable for the next 60 years. In my city, actually the price of basic necessities is not too high when compared to cities in Singapore or Las Vegas, so I'm quite grateful to be born in a country that doesn't make my life burden high lol.
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Imran232
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January 03, 2022, 05:49:52 PM |
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...............................................
I hope now you get your answer. Truely, time is the answer. Now come to your topic, how much should I hold to secure my future. In that case, it depends on two things: first, in the future, where you want to see yourself, and second, how much you can afford to hold now. Whatever amount you invest today and hold for your future, I think 90% of the people will say yes, whatever position you are in right now, you will be in a better position tomorrow. That's guaranteed. Yes, it is true that it is also dependent on your location and your financial capabilities, but I believe those two factors are the most important. my opinion, others can be different. Thank you.
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Mahanton
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January 03, 2022, 11:54:02 PM |
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Obviously this depends on where you are located. Such as if you live in an expensive place in the US or Canada, then its a lot more than in other countries. Also if you are young, middle age or older.
I already have a calculation that only 2 bitcoins (at the current price rate) should make my life comfortable for the next 60 years. In my city, actually the price of basic necessities is not too high when compared to cities in Singapore or Las Vegas, so I'm quite grateful to be born in a country that doesn't make my life burden high lol. 2 BTC is just $100k at the current price which it would really be sufficient for some years but not for next 60 years but depends if on where you do invest on others with those amounts on making yourself sustainable. Speaking of how much btc is needed then the more the better just like on what mentioned above is that people wont really be contented on what they do have now or even setting out those unrealistic ones. Its not bad to make out some wish or goals in mind but you should stick on being realistic because not all would really be that effective nor does assure that you would really be heading there.
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Vaskiy
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January 04, 2022, 11:58:11 PM |
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As said in the first post everything depends upon the location. In my country the average wage seems to be around $700. There are people running the family of four with this amount. On such a calculation one family requires about 2BTC to lead a better life than what they've got. With time things change, and to the changing world there will be additional requirements. In specific people won't be having medical insurance and other similar stuffs, if those gets added maybe a little more will give access to better life style.
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xSkylarx
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January 05, 2022, 01:54:39 AM |
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As said in the first post everything depends upon the location. In my country the average wage seems to be around $700. There are people running the family of four with this amount. On such a calculation one family requires about 2BTC to lead a better life than what they've got. With time things change, and to the changing world there will be additional requirements. In specific people won't be having medical insurance and other similar stuffs, if those gets added maybe a little more will give access to better life style.
Prices are rising as the year progresses, but 2-3 btc is more than enough to live in lift to the fullest.I think we are the same since owning a half of bitcoin right now makes you a millionaire in our country, and that makes you buy everything needed, but to secure your future, then 2-3btc is the best since you'll need to buy land and houses for your children and secure their education. However, you must continue to work because that amount of BTC will be depleted in the near future, and you will require a source of income to support yourself.
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yazher
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January 05, 2022, 03:21:55 AM |
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The price also changes every year and if you are holding a huge amount today, that will suffice you for the next year to come especially when the price will gonna reach another ATH, it keeps increasing until you have more than enough bitcoins to build your fancy home. If you checked the history of its price then everything will make sense when you have enough guts to hold huge amount of bitcoins, it will really become your main successful investment in the future.
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rhomelmabini
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January 05, 2022, 03:54:49 AM |
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As said in the first post everything depends upon the location. In my country the average wage seems to be around $700. There are people running the family of four with this amount. On such a calculation one family requires about 2BTC to lead a better life than what they've got. With time things change, and to the changing world there will be additional requirements. In specific people won't be having medical insurance and other similar stuffs, if those gets added maybe a little more will give access to better life style.
I guess that's the same as my location but getting one bitcoin is still a good thing but if bitcoin continues to rise in value that may not be achievable in a short amount of time. As for the insurance kinds of stuff, I think individuals have their choice. If they want a lifestyle that was more secure for their health or beneficiaries then insurance I guess is a must but as I said it depends on every individual taste of investments.
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dataispower
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January 05, 2022, 08:06:29 AM |
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The price also changes every year and if you are holding a huge amount today, that will suffice you for the next year to come especially when the price will gonna reach another ATH, it keeps increasing until you have more than enough bitcoins to build your fancy home. If you checked the history of its price then everything will make sense when you have enough guts to hold huge amount of bitcoins, it will really become your main successful investment in the future.
Bitcoin is like fiat money, no body will satisfied with the little they have, every one knows that keeping Bitcoin will make you to earn more money in cryptocurrency because of it interchanges between bitcoin and yearly movement in price, every one like to swap their coin with another coin for faster profit buying ATH coin, your analysis to bitcoin is appreciating because bitcoin always have new values in any year wether at the middle of the year or early of the year
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passwordnow
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January 05, 2022, 08:33:57 AM |
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I already have a calculation that only 2 bitcoins (at the current price rate) should make my life comfortable for the next 60 years. In my city, actually the price of basic necessities is not too high when compared to cities in Singapore or Las Vegas, so I'm quite grateful to be born in a country that doesn't make my life burden high lol.
In what country is that? The cost of living there seems to be affordable and wise if someone wants to live there comfortably. 2 BTC with its current price and living comfortably there seems cheap. It is somewhere in Asia? and are there a lot of ex-pats living there too and found that your place is one of the cheapest places to stay? If you're not a family man then there's really no burden at all but I think if you start your own family, things might change including the finances.
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riso2015
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Trphy.io
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January 05, 2022, 08:34:48 AM |
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chase the world as if you live forever, chase the afterlife as if we were gone tomorrow, indeed money is not everything but everything needs money, in essence what we are looking for is happiness and comfort, so it all depends on each of us, sometimes having just one coin is enough enough to make us happy, sometimes there are also already have 10 coins but they are still not satisfied, and still not happy, the point is having 5 coins for me personally is enough, but now I'm just looking for income just following the bounty only..
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pushups44
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January 05, 2022, 11:35:32 AM |
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As Lark Davis said, you will probably need one bitcoin to be well-off in the future. However, just because you cannot afford one bitcoin should not deter you: you can dollar-cost average and build up your stack over time, and in this way build up your net worth.
You can also buy solid alts during bear markets and flip them to bitcoin during bull markets to speed up your acquisition of bitcoin.
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btc78
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January 05, 2022, 12:23:42 PM |
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As Lark Davis said, you will probably need one bitcoin to be well-off in the future. However, just because you cannot afford one bitcoin should not deter you: you can dollar-cost average and build up your stack over time, and in this way build up your net worth.
You can also buy solid alts during bear markets and flip them to bitcoin during bull markets to speed up your acquisition of bitcoin.
if we will only compare the price of Bitcoin now then 1 bitcoin wasn't enough to secure our future though what you quoted is surely depend on how will bitcoin perform in the future. Imagine if bitcoin rose to 1 million dollar value in the next few years then yes 1 bitcoin is enough for our future security. but the problem is what if Bitcoin downfall to 5 digits still when the time you needed the funds? this will be a lowering outcome.
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Pahom
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January 05, 2022, 03:21:56 PM |
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As for me, I don't think about what amount of Bitcoins I want to owe, but maybe it is a good and specific goal if you know an exact number of Bitcoin you want, but personally I think about it in a little bit another manner. I just want to become financially independent, it means that all my bills and other expanses will be paid off by my passive income so apart from holding Bitcoin I need something that brings dividends.
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IQnawaz123
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January 06, 2022, 11:21:02 AM |
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Bit coins change the future of the new digital world. People are crazy about digital currencies…. I think Bit coins is long term profit for digital market place. That why future of btc is always has a bright side
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panukurap
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January 06, 2022, 01:56:22 PM |
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Considering just 1 Bitcoin is more than enough. Really fantastic value, hope one day I can actually have it in its entirety. Who doesn't want Bitcoin at least they are for the love. With Bitcoin, you may be able to become rich, it is no longer possible, but it is certain. It is inconceivable how rich those who have bitcoins are even some of them not only have 1 Bitcoin but more than 1.
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Bloodseekers
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January 06, 2022, 03:06:03 PM |
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if we talk about how much we need to guarantee our future it really depends on the time itself. we are talking at the moment with the current price one BTC is enough to guarantee our future if we live in a developing country. but if we live in a developed country, I think it is not enough to guarantee our future where in the developed world our needs are very high.
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HUSTLER
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January 06, 2022, 05:14:51 PM |
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BTC is running so faster as a mad horse and day by day its popularity it increasing at alarming rate and now big investors are trying to enter in btc world so in future it will be much more that we won't expect now. At a time we can't expect moneyless shipping and now we are experiencing moneyless shipping buy virtual bank card and at a time we will use those Crypto currency as our daily uses so let's think how much grow and popular btc in near future. So fill your bag with BTC at low rate.
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StLucifer
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January 06, 2022, 05:16:08 PM |
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It all depends upon the price of the bitcoin. Based on the present market price even a single bitcoin will fulfill lifetime expenses of a man in a third world country. Another thing, with one bitcoin an user can lead his entire life, but the god's grace is a must. The life should not get accompanied by body illness, because it is only thing that makes people to spend by need whereas majority do unwanted spending
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