Bitcoin - Contentment / Addiction

[Jegileman]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

If I can be addicted to buying bitcoin that will be the greatest feeling I will ever felt in my life. When you’re addicted to something that is good and you like, it should be called passion to me because you’re in love with it and will do everything to have it. There shouldn’t be a limit to what bitcoin someone should purchase because the investment will keep growing and your chances of getting profit will keep increasing. If it was a risky investment, then a limit should be set for it but since it is bitcoin, more accumulation should be encouraged as long as you can afford it.

[Die_empty]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

Do you wonder why some of the richest individuals in the world are still accumulating wealth? You see them diversifying income to different areas they perceive will give them more profit. I see Bitcoin as a very good area to invest in because it will continue to be profitable due to its limited supply. I think everybody has personal plans for Bitcoin and they also have a level they want to acquire for a certain period.

If I can be addicted to buying bitcoin that will be the greatest feeling I will ever felt in my life. When you’re addicted to something that is good and you like it, it should be called passion to me because you’re in love with it and will do everything to have it. There shouldn’t be a limit to what bitcoin someone should purchase because the investment will keep growing and your chances of getting profit will keep increasing. If it was a risky investment, then a limit should be set for it but since it is bitcoin, more accumulation should be encouraged as long as you can afford it.

I think this a good addiction because many people are used to spending money on irrelevant things. As long as my investment is not affecting the money I need to provide for the needs of my family, then I can keep gathering my SATs gradually. I don't think I have a limit for now because I am motivated to gather as much as I can.

[Cookdata]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Just so you know, Microstrategy was announced some hour ago to have bought additional 14,620 btc and you are asking about satisfaction? Institutional investors are talking all tbe bitcoin away and you are here asking addiction and that? You should fight to have some under your seed phrase to avoid been left out because the accumulation is not ending soon until they get their hands on all the bitcoin and be the supreme power.

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

Bitcoin is not gambling, so please remove addiction from your statement.
You are asking about contentment of bitcoin but I want to direct the question back to you, is there anything like contentment in investment? Have you ever seen a rich man that says " cut this shit, I'm done. I'm okay with what I have had"? Have you seen such before. If today I have 1 complete bitcoin and tomorrow, I get an additional 50, I will be so happy and if I get more next year, I will forever be greatful because there is nothing as contentment with bitcoin, the struggle is continues process.

[Issa56]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Some people do set targets for themselves, once the target has been reached, they will stop accumulating bitcoin and focus on other things. I know there is always joy in accumulating bitcoin, and you will always want to keep on accumulating more bitcoin, but you shouldn't leave everything you have in bitcoin. Don't invest everything you have in bitcoin, always invest any amount you can afford to lose. If you reached your limit, always divert your funds to other things, then maybe when you keep on growing, then you can set another target for your self, then you can add up to your bitcoin.

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

Seriously, there is always joy in accumulating bitcoin. Sometimes, when I am feeling bad, and i open my wallet and see my bitcoin. I do feel happy seeing my bitcoin. Everybody will always want to keep on accumulating bitcoin, but that doesn't mean all your investment should be in bitcoin alone. We should invest in other things outside of the crypto space, don't leave everything in crypto. It's surprising that some people do sell their properties just to invest in bitcoin, I don't really go with ideas like that.

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

The only time I personally can be content with the amount of bitcoin I hold is when my target has been hit. If I have a target and it's hit immediately, I will be satisfied with the amount of bitcoin I hold because I know I can't get all the bitcoin.

[Rengga Jati]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

To keep holding Bitcoin and keep adding accumulation of our Bitcoin will not mean that we are getting addiction on it. This is not an addiction, but rather a path that we take based on realistic and measurable considerations and thoughts, namely an investment in Bitcoin. And when the city invests in something that we think is worthy, then we will do it as best and optimally as possible, according to the amount we can afford. And it's not a matter of satisfaction and then at some point we feel satisfied and stop investing. I don't think it's like that. As long as we are still buying and investing, do it, but if you no longer have the money to invest, stop first, don't force it. and the extent to which you will keep holding the Bitcoin will also depend on your target in taking profits. Is it just for the time being bullish in the coming era to take profits and then accumulate Bitcoin again when it is bearish, or do you keep holding it for an indefinite period of time. This is an individual preference based on each person's particular considerations.

[Samlucky O]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

"Human want are insatiable "according to economist
The more we grow the more we want to acquire wealth and never get tired until we are dead. Just as the richest man on earth Elon musk  is never tired of making money so do the common man will not be either satisfied. Just like the forum has each stages and ranks, so do people strive to meet up new heights and ranks in other for people to see the result of there efforts. Even the legendary member are still thinking of going higher if it were possible for new rank update, I think some people in this forum whom have received 10k merit above like @fillipone @thymos @ DdmrDdmr @retimov and many others would be in another position but still in legendary but only higher in merits. So the quest for money has never been a relentless thing, for with it one can not make pose of anything.

Note: the moment you chose not to continue, the demand of your responsibility becomes high and your supply become low. you are definitely loosing because responsibility will keep compiling for you. And that will definitely becomes your downfall.

[Rockstarguy]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Every individual have their own personal target , just like in savings we save money based on what is being earned and what one can afford,  you can't do more than your financial capability, same thing goes in accumulating bitcoin.  Their is nothing like addiction when it comes to accumulating bitcoin for investment. Investing is very important in everyone's life.

People just need to accumulate what they can afford, but when it has gotten to the point of accumulating by all means and nothing is left to solve emergency issues then it is a wrong way of investing in bitcoin.

[doomloop]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

We are humans, are we never get contented no matter how much we get. Our desires and wishes are endless because we might wish to get something and say that we want nothing but just that thing, but once we get it, we start wishing for something better than it. This never ends, especially if it's about money or something valuable. A person who has a lot of wealth and is ultra-rich, do you think they stop earning money? No, they still strive to get and have more.

So, Bitcoin is money in the actual sense, because you can exchange it to your local currency or even use it to buy goods and services where it's accepted. That's why, one would never be contented with the amount of Bitcoin they have accumulated so far and they will always try to get as much as they can.

[ndutndut]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

For me, it boils down to getting bitcoins as long as I can still afford to buy bitcoins with cold hard cash or ready money if I lose them. During that time, I will collect as many bitcoins as possible. Of course, pursuing satisfaction is difficult, because humans find it difficult to feel satisfaction, only we can develop it with income alone.

If he buys bitcoin with debt proceeds or uses money for daily necessities and sells possessions just to buy bitcoin, this is an addicted person and this is certainly not good, and you need to change this mindset. For me, being addicted to Bitcoin is someone who doesn't think well anymore.

[yazher]

As long as there's an opportunity to buy and I still have the means to support my essential needs, then I won't be hindered from buying more bitcoins because I'm aiming for the future and I don't want to listen to anybody in terms of my investment because I already know what to do. This is only possible if you have been learning all these years about how to be a successful investor and at the same time you know how to protect your crypto assets against scammers and hackers and others who are pretenders offering you huge returns but it's not true. Therefore, before you engage in any investment whether bitcoins or altcoins, you should be equipped with enough knowledge first.

[Mpamaegbu]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

Elon Musk, the world's richest man, can't say he has acquired enough wealth. Musk is still acquiring more. Man is insatiable by nature. We keep acquiring. By the way, many of us here may not even have up to ½ a Bitcoin though we've been accumulating for years. What's the percentage of those who have up to a single Bitcoin (I know statistics will be there for it), I'm just thinking aloud. Everyone who has so many cars or houses first desired and hoped for just one. Then one came, they desired more and the circle continued. I can wish for just two BTC but trust me I won't relent at that once I've it. The idea of trading and increasing it will step in.

[puloweh555]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

According to me. There is no satisfaction in owning Bitcoin as long as you can buy it using money that has been allocated for investment, not money for daily needs. Achieving satisfaction with bitcoin is of course when we have bought bitcoin in large quantities by buying at the time of the dip.
When it comes to satisfaction, it actually depends on the person, because for me the satisfaction of people who buy Bitcoin is when they buy it with money they are prepared to lose. Doing dca on bitcoin continuously is not an addiction, because in my opinion what is called bitcoin addiction is when we cannot control the purchase of bitcoin, even by going into debt and selling other assets just for bitcoin, in other words we force ourselves to own bitcoin.

[hatshepsut93]

Addiction is not the right word here, because owning Bitcoin is a passive process. But it certainly possible to have an unhealthy obsession with Bitcoin, just like you can have one with anything in this world. Basically, if you or people around notice that your Bitcoin activity is negatively impacting your life and your relationships, that's a warning that you might need to rethink your choices.

[fullhdpixel]

There is no satisfaction in owning Bitcoin as long as you can buy it using money that has been allocated for investment, not money for daily needs. Achieving satisfaction with bitcoin is of course when we have bought bitcoin in large quantities by buying at the time of the dip.
When it comes to satisfaction, it actually depends on the person, because for me the satisfaction of people who buy Bitcoin is when they buy it with money they are prepared to lose. Doing dca on bitcoin continuously is not an addiction, because in my opinion what is called bitcoin addiction is when we cannot control the purchase of bitcoin, even by going into debt and selling other assets just for bitcoin, in other words we force ourselves to own bitcoin.

None of what you said are enough reasons to make a human satisfied with what they have because a human can barely be satisfied with money no matter how much it is. You can't find a lot of people in the world who are completely satisfied with what they have and aren't striving to get more. Even the rich, the ultra-rich, and the billionaires are still working to increase their wealth and earn more money because it's human nature, we never get satisfied.

When we talk about Bitcoin, Bitcoin is another form of money and wealth, and it's no exception to human nature. So when you have a specific amount of Bitcoin, you will still strive to have more because you would want to have as many as possible, you will never say no to more when it comes to money.

[Vaculin]

Man has no contentment in nature. Most particularly when it involves with money, the more a person will keep its motivation to keep going. Frankly speaking, it’s better to get addicted with bitcoin investment rather than seeing yourself addicted with gambling. At least if you are addicted to bitcoin, you will always find means to invest in bitcoin, even if it means losing at first.

However, over addiction is also not a good thing as it may bring mental and emotional damage in you. Just invest on the amount you can afford to lose, if you lose that would be okay, just invest gain when you gain spare money to invest.

[Taskford]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

If you are contented on what you have then the possible profit you can get is limited that's why its really more better to acquire as lot as you can since this gives us more positive result.

And can't call it as addiction since it can benefit us well especially if from this we can earn a huge profits so this is good hobby or activity that we can participate since we can get good result at the end of the day.

Becoming an owner of some volume is really a sweet achievement since its like we have share of its future growth and we can do a lot of it but we need to do good decision making to make it grow. But its important for us to know what we can afford for since if we can do DCA then fine as long as we are earning a profit but if we are into hodl then for sure lots of things we experience and also for sure its more rewarding than any other strategy to use.

[Hewlet]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

i don't think that the word"addiction" has a place in anything call investment. Addiction is majorly applicable in cases where you are uncontrollably performing an act that has the tendency of ruing you in the future.

The amount of Bitcoin you açcumilate is basically dependent on your reserve funds and Its just like saving a particular portion of your money in the first bank, would you term thatt to be addicive?

[Kelward]

Human needs are insatiable, so the more you aquire the more needs that will arise, so inasmuch as we're alive, we'll always want to accumulate wealth, if for nothing else, just for the fear of the unknown. Although I think that Bitcoin accumulation can only be called addiction if a holder will neglect very important financial needs that arises and still goes ahead to buy Bitcoin, with money that could be used to solve the problem, or if the holder will not take care of their financial responsibilities because they want to continue accumulating. But if a holder can meet basic financial obligations and decides to be putting certain percentage of their income into accumulating Bitcoin for the future, then it can be classified as contentment, although it's important to work out a long term time frame on how to use or enjoy the accumulated ROI.

[Peanutswar]

At what degree of Bitcoin accumulation is one said to be contented, if keep wanting can it be termed addiction

People think once you commit in cryptocurrency you must at least have a BTC but no just a portion of it is just enough with your dream as starting point.

Becoming a Bitcoin owner is one of the sweetest achievements a person will want.
In other to purchase this Bitcoin it is either we deploy strategies in getting it, might be by Dcaing or buying wholesomely from the DIP.

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

Both strategies are ideal, if you have extra money why not take those for your investment, and also have a budget when the market dips, like currently the Bitcoin ETF another possible decline that the market price of the BTC drop again with the testing or support range of 30k. If you strive to invest manage your risk not all the time green days with the market.

[Mame89]

I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?

I don't think it's accurate to say that investing in Bitcoin is an addiction, many people accumulate Bitcoin using the DCA method for purposes such as storing assets or hedging because saving in the bank means there is no profit to be made from it, instead the value of the money decreases.

So it is not right if someone becomes addicted when investing in Bitcoin, even rich people still want to increase their wealth by investing, satisfaction exists when we invest using cold funds. Maybe more precisely it is not an addiction but investing in bitcoin irresponsibly, especially if they force themselves too hard to buy bitcoin using the dca method from emergency funds, so that when something undesirable happens they are forced to sell bitcoin which turns out at that time bitcoin is going down in the end resulting in losses.