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Author Topic: How much btc do you need to secure your future?  (Read 2419 times)
xceltoken_plus
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April 29, 2021, 06:16:27 AM
 #261

Numerous researchers say that it is best to own at least 0.0025 BTC as its price is expected to go up in the future. As time progresses, the popularity of cryptocurrencies, such as BTC, is expected to rise rapidly. The number of retail and institutional investors purchasing BTC is rising rapidly.
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April 29, 2021, 06:42:46 AM
 #262

For me, no amount of bitcoin is enough to secure future. Though as what's happening now that somehow make bitcoin stable in long run, we can't still deny that there is still a chance for bitcoin to fall. Lucky, if after bitcoin crash a huge percentage the person who buy bitcoin as retirement fund can wait until bitcoin recover and raise again but what if not? Bitcoin is a great investment but just like most investment crypto or not the profitability pecentage is not always 100%.
no Amount of Bitcoin ? or you just cannot achieve that amount for your future that's why this is why you acted like this. because how come that you cannot compute how much you need for your future ?
I can easily say that 20 bitcoin for this 55,000$ value is more than enough to make my future and my family brighter because i will not use this just for holding instead i will find businesses to established our life more than just keeping holding in this volatile market.
that's how it works and that is how OP asking us and not just your deepest regret in life.

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April 29, 2021, 06:57:30 AM
 #263

For me, no amount of bitcoin is enough to secure future. Though as what's happening now that somehow make bitcoin stable in long run, we can't still deny that there is still a chance for bitcoin to fall. Lucky, if after bitcoin crash a huge percentage the person who buy bitcoin as retirement fund can wait until bitcoin recover and raise again but what if not? Bitcoin is a great investment but just like most investment crypto or not the profitability pecentage is not always 100%.
no Amount of Bitcoin ? or you just cannot achieve that amount for your future that's why this is why you acted like this. because how come that you cannot compute how much you need for your future ?
I can easily say that 20 bitcoin for this 55,000$ value is more than enough to make my future and my family brighter because i will not use this just for holding instead i will find businesses to established our life more than just keeping holding in this volatile market.
that's how it works and that is how OP asking us and not just your deepest regret in life.

you can say that for now but when the prices of the daily needs go up as well you wouldn't be able to buy a decent house with 1BTC next year. everything is going to be inflating in the next few years so that 20BTC might not really be enough.

and you don't know yet what will happen in the future. 20BTC is valuable of course but you can easily spend it all in a day actually. a kidney stone surgery or something similar is something to deal when you get old.

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April 29, 2021, 09:11:05 AM
 #264

Talk about future...
What is certain is that every country will not have the same level of needs. In my country, spending 5 million per month is a lot.
So, for the next 10 years, I only need 600 million for living expenses.
Adding other needs, I rounded it up to 3 bitcoins

-= OI =-
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April 29, 2021, 09:49:00 AM
 #265

The economy around individuals determines the amount of Bitcoin that will be enough like the ops said if you leave in an expensive place your bills are higher than the average guy in a low economy.
To me personally will need around 11 Bitcoin to be ok and start up with.

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April 29, 2021, 10:08:40 AM
 #266

Talk about future...
What is certain is that every country will not have the same level of needs. In my country, spending 5 million per month is a lot.
So, for the next 10 years, I only need 600 million for living expenses.
Adding other needs, I rounded it up to 3 bitcoins

And also consider what might be the value of Bitcoin when that future comes?

We don't have any specific aside from our own target, and like what most of the replied said it depends from where a person lives and how the economy of that certain places, third world countries have a much lesser needs that those who lives from the first class places.

The answer ain't be correct as there are many factors that affects this concern.
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April 29, 2021, 01:54:59 PM
 #267

For me to secure my future and for what bitcoin is going to worth I will be going for 1bitcoin for now. And this is because I am not solely depending on Bitcoin as a means of securement.

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April 29, 2021, 02:09:17 PM
 #268

With what we saw during the pandemic will make me to want more of bitcoin to secure my future. In my country, food items increased every day, I think 2 BTC will help me to secure my future with the experience I got from investment.

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April 29, 2021, 02:13:33 PM
 #269

I guess it is depended on personal desire. There are people who are fine with 10 bitcoin but others want more and more so even 50 bitcoins are not enough for them.

To me, 10 bitcoin is not enough because I can see the bright future and the potential prosperity. RIght now, I only have around 1.2 bitcoin. I have been allocated 40% of my salaries for bitcoin for more than 2 years but living in a third world country does not give me a good income to buy more bitcoin.

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April 29, 2021, 02:27:56 PM
 #270

I think that depend upon the time period you are thinking. If you are thinking about 5 to 10 years from now than I think 5 BTC are enough for you because you can easily imagine the price of BTC in next 5 to 10 years. The amount will be enough for you to enjoy the rest of your life free of any financial insecurity.

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April 29, 2021, 02:35:21 PM
 #271

From those countries, more than 10 would be the ideal for them. The more bitcoin's that they hold and accumulate overtime, the better and more secure future that they have. But what if after 10 years bitcoin's price got into half to a million dollars?

Then obtaining 1 bitcoin as always been suggested would be good. But if you can acquire as much as you can for retirement, do yourself a favor.
I think of retirement but there are more Bitcoin as possible. That's good for your future. It is also a way to store money to use it later. It is like you say that Bitcoin increases many times. That's what I'm dreaming! I am trying to earn a lot of money to be able to hold Bitcoin in my hand.

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April 29, 2021, 02:38:52 PM
 #272

Well it depends on what future you're talking about. I think in near 10-15 years 5-10 BTC would be great. But in 50 years you'll need to invest in something new instead of BTC. And consider good altcoins too now.
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April 29, 2021, 04:53:34 PM
 #273

It will vary person to person and their choice, desire for their security of life. By the way, I am from third world country and if I get chance to go abroad with citizenship for first world country, I won't miss that chance. Then my desire will be changed as well. For third world country, maybe 10Btc will not be enough for lifetime security. It may costs slightly but the amount need to be doubled or tripled for living in first world country.

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April 29, 2021, 08:08:27 PM
 #274

Sometimes, we will never feel enough with the amount of BTC that we own.
For example, if At this time, I said that it is enough to only own 1BTC, but if it is true, I will probably not feel enough with that 1 BTC, I will of course want more and more.
Fortunately, I live in Indonesia, where I can still find many things at affordable prices, so it is not a really high problem if only having a small BTC, feel realized.

It's not just you. That's the human nature. No amount is ever enough. We just Continue to need more. Why so? I believe that it is because we end up spending the funds we have at hand and our needs are always there and can only be fulfilled temporarily. So there's always a desire to keep getting more money for things we need.

Talk about future...
What is certain is that every country will not have the same level of needs. In my country, spending 5 million per month is a lot.
So, for the next 10 years, I only need 600 million for living expenses.
Adding other needs, I rounded it up to 3 bitcoins

Don't forget that as you get more money, your standard of living gets upgraded and you will keep needing more funds to flow in to cover for your expenses.
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April 29, 2021, 09:30:54 PM
 #275

And i see many people on this forum talk about not having 1 btc and its their goal to get 1 btc.  Obviously back then, it was much easier with the low prices.  But now... anyone who wants 1 btc need to spend 25k... thats a ton of money for most people and most people don't even have that in their savings.  But for someone who is from the West... thus in the US or Canada... what number would you say that should be?  Of course it could be in a wealthy country in say Asia, Europe or Australia.  But you get my point.  I got to assume if you talking about 10 years down the road or more... it has to be minimum 5?  Or minimum 10?  Or is 10 a bit too high?

Indeed there are so many people who dream of owning one bitcoin now, I'm included and I can't deny the fact that back then it was much easier to own 1 bitcoin unlike now that the price is high.
Anyway back to the question I don't know if owning 5 or 10 bitcoin will be okay for the future, cause I think it totally depends on what price bitcoin will be trading at by then, if the price of bitcoin dips to $10k (which is unlikely to happen) then 5 bitcoin alone isn't enough, but 10 bitcoin could be okay since it will be about $100k maybe you can start up something with 20% of the money, but if bitcoin will be trading above $50k like it is now, then even  5 bitcoin can secure a future for you and your family.

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April 29, 2021, 10:13:20 PM
 #276

The more bitcoin we have, the greater the chance for us to secure the future, but of course if you have a number of bitcoins that you buy cheaply. I think the amount will be relative depending on the quality of life and the desire to be achieved. I will not be able to hold my bitcoin at the current price any longer if the correction continues. For me personally, I would be very confused about how many bitcoin I need to secure the future.

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April 29, 2021, 10:59:44 PM
 #277

We can't say X amount of BTC is enough due to how price and market works.
But for me personally, as long as my financial situation is really good without any hassle and then I can say it's good for my future.

Let's say you need 5 BTC. But due to how greedy you are, you may think that 5 BTC is not enough for your future and you want more which is really bad habit. I would personally say any amount of savings are really beneficial for your future.

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April 30, 2021, 09:06:44 PM
 #278

We can't say X amount of BTC is enough due to how price and market works.
But for me personally, as long as my financial situation is really good without any hassle and then I can say it's good for my future.

Let's say you need 5 BTC. But due to how greedy you are, you may think that 5 BTC is not enough for your future and you want more which is really bad habit. I would personally say any amount of savings are really beneficial for your future.
It's not about greediness I think but about your lifestyle and the cost of living in the country that you live. That's a big factor for those who are aiming for a higher amount of bitcoin for their retirement.
That's why those who have low key lifestyle and are living in a low cost of living country, they are happy whatever they've got and it's even better if they got more.

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April 30, 2021, 09:19:23 PM
 #279

We can't say X amount of BTC is enough due to how price and market works.
But for me personally, as long as my financial situation is really good without any hassle and then I can say it's good for my future.

Let's say you need 5 BTC. But due to how greedy you are, you may think that 5 BTC is not enough for your future and you want more which is really bad habit. I would personally say any amount of savings are really beneficial for your future.
It's not about greediness I think but about your lifestyle and the cost of living in the country that you live. That's a big factor for those who are aiming for a higher amount of bitcoin for their retirement.
That's why those who have low key lifestyle and are living in a low cost of living country, they are happy whatever they've got and it's even better if they got more.
When it comes to contentment no matter what what you country you do live in then if we do have money then its impossible for someone on not to take the lavish type of lifestyle.
Of course we would really be aiming for the best as we can and we would aim for more.Im not saying as a whole or generally but there are still people who arent really that affected
much by their greed and do still continue to live in a simple life or into those things that theyve been get used into.Its just having some minimal improvement
in terms of lifestyle but doesnt really affect much when it comes to personal behavior.

R


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Broke@$$Joe
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April 30, 2021, 10:52:39 PM
 #280

 I don't need much maaaan .. it's just that,
I'm in desperate need for owning 25.000.000 SATS up to 100.000.000 SATS in perspective of LONG TERM HODLING, at least for a Decade while those who were early in price terms are in need of Lambos and lavish lifestyle and they are so Greedy to not help a brother out!
I need 0.25 up to 1 BTC to HODL for a Decade, while remaining on this lengthed time span a Slave to the Wicked Monetary System while Selling my time working
more than 9-5 for a pathetic ANNUAL SALARY of 2.000$ up to 3.000$, where saving half of that it's called 'mission impossible'.
It's a shame how lower to the depth of Hell we as species have come to dude!
Full of Envy, Greed and BlackHearted.
I can not imagine my self being on the position of someone who OWNS at least 5 BTC[which can swing trade peaks and double up on position]not sharing 0.25 with a stranger like me who believes on Bitcoin and his
mission is to HODL and not trying to scam anyone, just so this person can be FREE one day from Bitcoin since it was it's only Mission.
Giving FREEDOM to our DUMBASSES and WAKING US UP to how DIRTY, EVIL and Crooked the 'game' of Monetary System really is.
However, I have already lost faith in humanity and I'm not expecting any HERO to give me an arm and LIFT ME UP from this MISERY I'm in.
I came to late in price terms to find out about Bitcoin, but already went all in with what I had as lifesavings after purchasing a Cold Storage.
I've done x3> so far, but what I own (1/10 of a fraction) will never be enough to free me in a decade, even if BTC hits 1.000.000$ by that time (which I frimly believe so but inflation would be rising also)
I'am destinied to suffer, I feel BLESSED and CURSED findinf out about Bitcoin!
Before, I had no clue of how money works and everything else, so it WOKE ME UP, so I'm appreciative to consider it a Blessing.
The curse is that, I come from a third world coutnry, had a bad adolescent which result nowday to having an record and finding being employed ten times harder than the average uneducated person.
I'll be turning 25 in months, and have not achieved anything but fullfill my Character and Dignity.
I'm Trustworthy, Loyal, Respectful and I try to help who I can to my utmost effort.
Unfortunately, I went through a LOT to be who I am today.
So much people DON'T HAVE A SINGLE CUE what some go through, to become A MAN.
And many, will die without never being one, be it a multi-millionaire who is sorrounded by fake Respect, be it someone who is really Succesful on a niche.
I never was into Internet before 2016-2017, since we had no Personal Desktop education within our broken Post-Communism System for 3 decades now.
Have I had found Bitcoin through 2015-2016 I'd certainly own a WHOLE ONE today, sleeping at ease at nights.
However, I've been unemployed since Covid Breakout.
So many jobs that will never come back here are shut down FOREVER, and I have a slim chance on getting on due to my record.
I have no path to overcome my burden, but praying for a Better Day.
Since I lost my job without receiving any stimulus here, I've been taking early morning walks, reading books, learning about Trading, Exploring Bitcoin, and have Experienced living FREE at least, even tho I'm DIRT BROKE with my HEAD DOWN.
I don't know bro, World seems a f*cked up place to me, at times I wish I never was Part of this God Damn Earth.
Or at least, I would've asked to be an Eagle and be free Flying HIGH on another realm.
I refuse to BELIEVE that no-one will be willing to help me out, but unfortunately so far nobody has taken me seriouslly and that's why I have my hopes shadowed in humanity.
It's just unfair to some, how much the Power of 1 Bitcoin can do to their lifes.
Wish I had a Bag full of Bitcoin, my only mission would be searching people the likes of me, who are passionate about BTC.
However, I'll stick to my plan no matter what. I'm learning and growing everyday of my life since last year, even tho' it is a DISASTER FINANCIALLY.
I've been living on Beans and thanks God for that, cooking a huge pot to last  me 3-4 days of a Week.
But there are worse than me so I won't complain to be honest.
I'll get there one day, sooner or later.
It's just, I consider half of my life GONE so far, not many people are Blessed to live until 50 up to 60, and I'll be 25 in a short time.
Wished someone changed my life, that's all I need from Bitcoin Community, who is full of Bitcoin Maximalists, without a DOUBT.
If anyone has a TradingviewAccount you are pleased to follow me here :
https://www.tradingview.com/u/BitcoinAffection/
I'm happy for the knowledge I've gained within the last year regarding trading and TA, even tho' It's just my beginning and hopefully I'll get better.
If anyone of you who happens to read this till so far, I APPRECIATE IT <3
And if anyone of You happens to be a good Chess Player, send me an challenge at
https://www.chess.com/member/bitcoinaffection
And if anyone of you who read this and have the ability to share his/her abundance, please do!
I will forever be appreciative and I will CERTAINLY PAY U BACK with the same amount of Bitcoin, even if tomorrow it hits 1.000.000$
As Joker said:
' It's not ABOUT THE MONEY, IT'S ABOUT, SENDING A MESSAGE'

Peace and Love for everyone
Spread joy !

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