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February 04, 2023, 11:54:17 PM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
Well, I truly believe such amount can make you a millionaire some day. But you'll have to wait (and perhaps it won't happen during your lifetime). No amount is too small. Every satoshi counts. It's very subjective, you know: it can be a huge amount for some. For some it's just a small investment, but some can go all in for this amount. Without knowing how much you earn, where you live, your net worth, other investments etc you can't say for sure if this is enough for you specifically.
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Stella Mese
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February 05, 2023, 12:04:32 AM |
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in this case actually the decision is yours, but if indeed 0.1 btc in your opinion is what you can afford it is actually the right one for you. because investing in btc certainly has a risk of profit and loss, so in my opinion investing in bitcoin with only 0.1 btc for the long term is a better thing than not investing at all.
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Dickiy
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February 05, 2023, 05:32:29 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
0.1 BTC is said to be enough or not depending on the orientation of thought and economic conditions of each because usually everyone has their own satisfaction with the amount of bitcoin they have which is adjusted according to their abilities, but if you have extra money that still has a lot left maybe that not enough in my opinion, if possible you need to collect it 2-4 times more. but if on the other hand your position is not so fortunate in terms of financial I think that's enough for you, choosing the decision to add a job or look for a side job is a good idea but in my opinion it's not a good idea if it forces yourself to conditions that make you tired.
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Jawhead999
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February 05, 2023, 07:06:52 AM |
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Let we assume Bitcoin price reaching $100,000 is your achievement, so holding 0.1 BTC is worth for $10,000.
Do you live in a developed country? holding 0.1 BTC isn't enough because they're can earn more than $10,000 in a year. So it's just an average money for them and it's not that big.
Do you live in an undeveloped country? Holding 0.1 BTC is enough because many people are really hard to reach $10,000, it may take 5-10 years to get it. So if you've holding 0.1 BTC or $10,000, you will survive for next 5-10 years.
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coinerer
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February 05, 2023, 07:13:31 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
Everyone invests bitcoins according to his ability and no one ever invests his entire assets in bitcoins and invests them in bitcoins at a certain percentage rate. 0.01 Bitcoin is enough for some people, not 0.1. Since Bitcoin is very popular worldwide and Bitcoin will be used more and more in the future then 0.1 Bitcoin will be a huge amount in terms of Bitcoin supply. So I personally think 0.1 bitcoin is enough for long time investment. But if you can afford it, you will be better off holding more than that
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jrrsparkles
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February 05, 2023, 07:50:26 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
Enough for what? for the retirement? Its upto you and what plans you have to do with your money, lets assume currently 1BTC is 20K meaning 0.1=2K even if it grows 100 times while long term it will be 200k and now you say it will be enough for you?
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Iranus
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February 05, 2023, 07:57:36 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
I would say it depends on your greed, if you feel enough, it will be enough, if you feel not enough, it is not enough. Human greed has no bottom when we dream of getting 0.1 BTC, and after achieving it, we dream of getting 1 BTC. So it can be said, enough or not is up to you. If you hold 0.1 BTC till next bull season and, let's say bitcoin hits $100k, then with 0.1 BTC you own $10k, and if you are in my country, $10k is a very large amount.
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EarnOnVictor
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February 05, 2023, 08:04:34 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
After all, you are making efforts, and be aware that no investment is too small just as no investment is too much. You have to "cut your cloth according to your cloth," just be sure that your investment does not affect your convenience, it's not worth it in that sense. As for adding more income to what you presently earn, it's up to you, but judging by the size of what you could afford for investment in the long term, it shows that you are not doing well financially. This is naturally a challenge for you even without the involvement of any investment.
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CryptocurencyKing
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February 05, 2023, 08:05:02 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
It's not bad at all for a long term holding but, nothing stops you from getting more in the future. Buying or making all your btc investment at once is not a very easy thing to do and your likely not to do much that way. Like you've said, it would leave you in a tight spot to try going beyond 0.1btc investment on a long term. That's good. How about not being in that tight spot? How about a gradual growth of your portfolio by gradually buying coins from your spare cash periodically within a year. Of course that could work and I feel its a more better idea to keep investing without being in a tight spot.
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michellee
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February 05, 2023, 08:06:51 AM |
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There is no limit to investing in bitcoin, especially for the long term because the more bitcoins you can have, the more likely you are to get huge profits. Maybe you can increase the amount of 0.1 BTC to even more to prepare yourself by saving BT for the long term. You just need to continue what you have started and not increase the amount of money to invest but stick to the amount as usual. And if you can do it regularly, your BTC amount will increase.
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Jody.Drummer
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February 05, 2023, 08:18:19 AM |
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In this case it depends on your thinking and of course the orientation says about enough or not it's different for everyone so there will indeed be those who say that it's enough because indeed that is the limit for them at 0.1 bitcoin and obviously there will also be those who say that this is not enough. For me, even though 0.1 is still good enough, but as long as I have extra money, I will continue to add to it. I don't think it's a matter of being greedy or not, but I'm trying to take advantage of the momentum in all conditions, especially now.
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cryptoaddictchie
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February 05, 2023, 10:46:44 AM |
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1bitcoin is equal to 1btc. Regardless of its value. So asking this question is hard to answer for its value now, maybe it has a future returns when it goes ballistic in the future. But you could always increase your asset slowly and dont get pressure if you have less bitcoin since not all can have 0.1btc some have real fraction since its expensive. For me its fine, what if btc value reach like 200k or 500k. Imagine 10% of that is worth a lot already.
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Baofeng
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February 05, 2023, 10:49:21 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
I don't think there is a ball park figure in our investments, of course it's better if we can get 1 BTC, but still depends on your budget and your risk appetite in your bitcoin investment. For some saving 0.05 is hard, but there are whales who can simply stash 1 Bitcoin and even more. So don't force yourself and put too much pressure, just try to accumulate as much as you can. Also remember that this is like a marathon and not a sprint, save for the long run and you will be good.
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jeraldskie11
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February 05, 2023, 11:26:19 AM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
I think it depends on you. People who can't easily earn that amount of Btc will surely believe that it's enough for investment and there's also not. So if it's not enough for you, you have to get an extra job so that you can add more to your investment. Always use your extra money in investing to avoid stress and that's what I'm doing.
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Lucius
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February 05, 2023, 12:24:33 PM Merited by fillippone (3) |
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~snop1 For some saving 0.05 is hard, but there are whales who can simply stash 1 Bitcoin and even more.
What would you call those who can afford to buy hundreds or tens of thousands of BTC? 1 BTC is not so difficult to reach in developed countries where the standard is quite high, but in some poor countries it is a wealth that hardly anyone can even imagine. Millionaires and billionaires will always be at an advantage to buy BTC, regardless of the price - everyone else will continue to buy, but the amounts will decrease over time.
As for the OP's question, maybe he has read various analyzes somewhere about how much BTC an individual will need in order to become rich in the future and live the lifestyle he wants, but without knowing where the OP lives or where he plans to spend the future, it is difficult to give an answer to his question. 0.1 BTC at the price of 1 BTC = $100,000 is $10,000, and now the question is what someone can do with that money - for some it's a lot, for others it doesn't mean much. For those who wonder how much is enough, I suggest reading the following thread posted by @fillippone -> A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle?
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Henrobakkara
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February 05, 2023, 12:37:51 PM |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
I don't think it is a question about is 0.1 BTC enough but how long are you willing to continue going or DCAing? Your extra income is not going to end at a particular time, is it? People that DCA continues to do so because they can afford to spend that amount weekly, monthly or otherwise but unless your side hustle is ending at a particular time which you have calculated will come to 0.1 BTC then that is what you have and it also depends on the country you are and the market price. What 0.1 BTC is worth now will not be the same during ATH so just keep doing what you can and don't stress about it.
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m2017
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February 05, 2023, 12:41:29 PM Merited by fillippone (2) |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
I think no matter how much you invest in btc, it will never be enough. That is, I advise you not to limit yourself to the amount of 0.1 BTC and put aside all the extra and free money into it. Much better than if you don't spend money on all sorts of nonsense and knick-knacks that you will eventually forget about and put in a closet drawer, buy btc for them. This will allow you to save money for more valuable and important things. Firstly, because of the profitability of bitcoin, and secondly, you will not want to trade your bitcoin for some junk. If you had money on hand, it would be easier, and this creates an artificial barrier against senseless spending. A 0.1 BTC bar is good, and striving for that mark will get you there faster. Don't limit yourself to this level and come up with the next 0.2 BTC value you're trying to reach. I think 0.1 BTC is not enough and try to save as much as possible. Either for yourself or for your descendants.
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GreatArkansas
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February 05, 2023, 02:53:40 PM |
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(....) What do you feel about this? 0.1 BTC good enough or not.
This will always depend on you. You will base how much 0.1 BTC is for you, are you afford to lose 0.1 BTC? If yes, then it's all good. If no, then 0.1 BTC is too much for you. Always follow the famous line on investing, "Invest what you afford to lose", I always agree to that everytime because, investing is not always guaranteed, there are lot of people already lost their savings or being in too much debt because of their investment went to the wrong side.
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seoincorporation
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February 05, 2023, 03:02:25 PM |
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But Enough for what... Enough to avoid working the last year of your life? Enough to buy a mansion? Enough to see how your kinds and their kids have never to work again?
Enough is a tricky word and when we talk about money the answer is always the same... there will never be Enough.
For me, in bitcoin terms, enough would be the 1% of the network, so, if there are 21M BTC the 1% would be 0.21M BTC or 210,000 BTC.
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Andrija Branislav
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February 05, 2023, 03:29:41 PM Merited by fillippone (2) |
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You're not going to get big returns with just 0.1 BTC, but it can still be fun to invest when you see a run-up in price, and hopefully you will hold onto it for many years as Bitcoin becomes more mature and more widely adopted as a currency. I think it should be enough. Because on the long term I think Bitcoin will price over $100.000 future.
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