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Author Topic: We dont own enough bitcoin  (Read 1045 times)
AprilioMP
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January 05, 2024, 08:30:28 AM
 #21

- snip -

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!

I admit that I will never be 'satisfied' with what I already have. Always want to look for more because I only have 24 hours to live. When that time comes, I always ask myself three questions.
First question, what have I done today. Second, where did I make a mistake, and third, how do I do something so that it is useful for other people besides me.

All aspects of life include economic, social and educational aspects. In all of them, I always form a mindset that is never 'satisfied' until I am called to rest in peace.

Bitcoin is such a valuable asset that I will never be satisfied with the amount I have. Other assets are like that too.
What I want to say, Bitcoin is important but not more important than myself and the people I love. It won't mean anything to me if my life doesn't benefit other people.

R


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January 05, 2024, 08:39:15 AM
 #22

As much as it's good to have Bitcoin, I don't think we should have it to the extent that it will look stupid of us. Yes, we have a life to live, and this life isn't just for Bitcoin; we have other things to do. So why do we overexaggerate our buying of Bitcoin? Why not just buy what you are satisfied with rather than buy to impress someone that you have a lot of Bitcoin that you hold, whereas it's not for any meaning rather than impressive motives?

For me, I will just buy Bitcoin to a level that I'm satisfied with. I have a target, and as soon as I reach my targeted stash, I will rather buy for a short period (trade) in order to maintain my stash than buy to store it up again.
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January 05, 2024, 08:55:13 AM
 #23

The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!

Be careful with this mindset if you are constantly thinking about not having enough bitcoin this might lead you to some poor decision making in the future you are basically leading yourself to experience FOMO

once you experience FOMO, you are probably going to buy or acquire bitcoin or other altcoins for that matter and buy it in bad timing because of having FOMO you might not get the maximum profit you should have if you had bought at a much lower price

With this mindset some people might sacrifice too much of what they have right now just to accumulate bitcoin i know we all want to have more but do not force yourself as this will lead to more suffering

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January 05, 2024, 10:32:36 AM
 #24

This thinking drives our Bitcoin buying obsession. Consider that when we see something as scarce, we value it more. This goes beyond Bitcoin and is an economic premise. Our brains want what we dont have, in this case Bitcoin.

Gary Cardone's ideas fit this strategy. When it comes to digital assets like Bitcoin, I've always thought it was important to have an attitude of "never-ending accumulation". Its not enough to just stack sats; we need to know what they're really worth and what they can do for us. Bitcoin changes our perspective on value and investing, unlike gold or real estate.

Traditional investment is changing. Bitcoin leads this change. Buying a bitcoin is like joining a digital financial revolution. What matters is being part of something bigger than ourselves, not about having "enough".

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January 05, 2024, 10:35:00 AM
 #25

The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!

I was just watching a youtube from KITCO NEWs with Gary Cardone. Thats right, Gary Cardone NOT his asshole brother Grant Cardone LMAO!!!! Gary had a lot of great things to say that were extremely logical and bullish. I'll put the link in here later.

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!

Yes, I agree with Gary Cardone.  These days, accumulating Bitcoin is a worthy and rational life goal.  Bitcoin is one of the most interesting phenomena of the 21st century and, perhaps, the greatest chance for every inhabitant of the Earth to increase their well-being. 
The reform of the modern financial system, the introduction of CBDC, the collapse of the globalization system - all this only increases people's need for a generally recognized financial asset that can be easily transferred over any distance without the participation of intermediaries. 
A person can set several global goals for himself - personal, financial, social, etc., and increasing the number of his own Bitcoins must be on the list of these goals.  It would be madness to ignore this possibility.

 
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January 05, 2024, 10:58:18 AM
 #26

There is more to life than just bitcoins or acquiring wealth though. Don't get lost in chasing your tail. I said it plenty of times before, it's always best to have some goals set in life, i.e. knowing why exactly you want to acquire more bitcoins, how many are enough, and to what point are you going to hold them.
Collecting sats just for the sake of it sounds a bit silly.
And that's not even to mention all the "don't keep all your eggs in one basket" rule etc.

I definitely agree.

Having too much is bad, I mean, you have to take a break from everything. You can't spend your life acquiring bitcoin just because "you don't have enough". We often forget how to live the life we have because we only focused on one thing, and that's the material things here in the world we live in. For me, I don't have to acquire too much, I'm happy as long as I have more than enough to give myself the life I wanted to be, and same goes to the family I'm going to build in the future.

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January 05, 2024, 11:09:47 AM
 #27

It's almost not possible to have "enough" Bitcoin or just money in any form. Where is the line? I don't know, but it shouldn't stop us.
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January 05, 2024, 11:56:40 AM
 #28

It depends on how people accumulate bitcoins because everyone has their own way of investing in bitcoins, whether at once or every month when they get their salaries. Most of the time when a person learns the safest way of getting bitcoins, he won't hesitate to do it because that's the best thing he can do like for example buying bitcoins instead of spending that money on bad habits. There are lots of people who are successful after they buy low and sell high but right now I think the best way to accumulate bitcoins is when you only have the means to do so apart from your budget in your daily needs.

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January 05, 2024, 12:03:42 PM
 #29

The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!

I was just watching a youtube from KITCO NEWs with Gary Cardone. Thats right, Gary Cardone NOT his asshole brother Grant Cardone LMAO!!!! Gary had a lot of great things to say that were extremely logical and bullish. I'll put the link in here later.

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!
Mindset comes from how we do believe in a certain things , like here in  crypto investing  it is all about our will of course that will bring us into profit .
investing in anything that we don't really trust is something then we may end up being a loser forever .
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January 05, 2024, 12:11:17 PM
 #30

We will never have enough if we go with this type of ideals. There are people who are obsessed with collecting bitcoin. But don't let this go in your heads. The maximum we can do is collect every few coins once the price goes down but there is obviously a limit to this.

Investing in Bitcoin should be kept as a hobby or a side hustle. Not something to obsess over qne and crack your heads with it. There are many modes of investment and Bitcoin buying is only one of them.

 
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January 05, 2024, 03:12:26 PM
 #31

The idea that we're lacking something can really push people to go after whatever it is they think they need.  But you gotta keep in mind that this sort of thinking has some potential to cause issues too.  If all you do is chase more and more stuff, it's easy to let the other meaningful parts of life slide and 

so yeah, ambition and wanting success is good, but balance matters too.  It's important we appreciate the whole process not just the end result were aiming for.

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January 05, 2024, 04:02:36 PM
 #32

that's great if you have a goal of getting more bitcoins in your holdings. but you need to pay attention that even though it is good to invest in bitcoin, you must understand the limitations of investing in it and diversifying to minimize potential losses is quite the right thing. because someone who blindly invests in bitcoin and does not understand risk management is not investing, but rather gambling on bitcoin. he is gambling his money on bitcoin to make a profit, which is very risky.

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January 05, 2024, 04:17:06 PM
 #33

I don't really want to be influenced by some of the people you mentioned or other influencers who do say about bitcoin because in the end it will only make me feel less and do past the limits that I can to be in bitcoin.
 
I have my own life goals and of course I also have my own financial goals especially in the matter of investing in bitcoin because when saying the problem of whether or not we have enough bitcoin in the end it depends on the level of perception that we can so I don't want to cross the boundaries that make me stray from the strategies and ways that I always do for bitcoin because in the end even though it will generate a sense that we continue to be motivated in bitcoin because we think we are still lacking from the efforts made in collecting bitcoin but the risk in this case is very clear that we will be easily carried away and precisely that makes us go out of the original plan that we hold.

Focus on what we have to do, no need to feel rivaled by other people's ownership because in the end this is not a competition to get the most bitcoins but get what we can with the financial strength and techniques we have in collecting bitcoins.

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pawel7777
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January 05, 2024, 04:18:54 PM
 #34

Bitcoin is wealth. Human beings are insatiable. So it is but logical and natural for human beings to not stop accumulating that which they desire. I have yet to hear a person who says I'm done earning money and from this day on I won't be looking for money anymore. On the contrary, even people in their old age want to make more money, not necessarily by working but they want to grow their wealth. This is probably the same explanation with people not having enough Bitcoin. But for as humans, echoing Nietzsche, it's probably the desire rather than the desired that truly drives us.

It's all about priorities. We all love food, but we know to stop eating too much before getting morbidly obese - the same is with earning money. If it takes too much of your time and disrupts other, more important, parts of your life, then you sit yourself down and have a think on what are you doing this for.

People quitting their well-paying jobs or giving up on high-earning opportunities to get a better work-life balance are way more common than many may think. In fact, it's mostly people who never stop to evaluate their lives and priorities, that fall into a trap of chasing money for the sake of it. And it's not just career-focussed ones, but also frugal types that keep refusing themselves everything to save as much as possible, but with no purpose. Then they get old and die.

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Wakate
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January 05, 2024, 05:11:58 PM
 #35

It depends on how people accumulate bitcoins because everyone has their own way of investing in bitcoins, whether at once or every month when they get their salaries. Most of the time when a person learns the safest way of getting bitcoins, he won't hesitate to do it because that's the best thing he can do like for example buying bitcoins instead of spending that money on bad habits. There are lots of people who are successful after they buy low and sell high but right now I think the best way to accumulate bitcoins is when you only have the means to do so apart from your budget in your daily needs.
Bitcoin investment is what many newbie's are after and they don't even care whether they are something like altcoins market. The Bitcoin market capitalization is big and we don't have to feel too desperate to invest since the market will always be there for us to make money from the market. We need to have the habit of investing because this is one of the ways we can earn big from the market. We can make several decisions that will help us in a long way like saving for the future market reaction that would soon be in reality. The bull is here so we don't have to be too pressured complaining about the bear.

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0t3p0t
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January 05, 2024, 05:58:11 PM
 #36

There is more to life than just bitcoins or acquiring wealth though. Don't get lost in chasing your tail. I said it plenty of times before, it's always best to have some goals set in life, i.e. knowing why exactly you want to acquire more bitcoins, how many are enough, and to what point are you going to hold them.
Collecting sats just for the sake of it sounds a bit silly.
And that's not even to mention all the "don't keep all your eggs in one basket" rule etc.
I agree with you mate. This really depends on our goal in life. But acquiring Bitcoin while living the life we wanted is doable at the same time. I mean wealth is important no doubt about that specially for people like me who wanted to have a financial freedom. I need to focus on that goal without affecting what's normal.

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abel1337
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January 05, 2024, 06:14:34 PM
 #37

There is more to life than just bitcoins or acquiring wealth though. Don't get lost in chasing your tail. I said it plenty of times before, it's always best to have some goals set in life, i.e. knowing why exactly you want to acquire more bitcoins, how many are enough, and to what point are you going to hold them.
Collecting sats just for the sake of it sounds a bit silly.
And that's not even to mention all the "don't keep all your eggs in one basket" rule etc.
I agree with you mate. This really depends on our goal in life. But acquiring Bitcoin while living the life we wanted is doable at the same time. I mean wealth is important no doubt about that specially for people like me who wanted to have a financial freedom. I need to focus on that goal without affecting what's normal.
Having tons of bitcoin for me is a good thing but we all should stick to a possible goals. How many bitcoin are enough for us? It will all depends on us and our vision of our future selves. There's no need in buying bitcoin and sacrificing important things for the sake of bitcoin. What is the purpose of having too many bitcoin if we are sacrificing our ultimate goal in life.

At the end of the day, most of us want bitcoin for the possible profit we can make out of it, we will sell those when the time comes.

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MinoRaiola
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January 05, 2024, 06:38:32 PM
 #38

I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!
The reason why many people think "we dont have enough" is greed. Greed is in all of us and it is not even bad. If it didnt exist, people would have little interest in changing or making a difference. So greed has a great value in that you always say, I have too little. You can say the same thing about money, or cars... but it is cool with Bitcoin. And no matter how much bitcoin you have, we probably all have more in common here than many billions of people in the world combined. So maybe we have enough?

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Finestream
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January 05, 2024, 06:42:46 PM
 #39

There is more to life than just bitcoins or acquiring wealth though. Don't get lost in chasing your tail. I said it plenty of times before, it's always best to have some goals set in life, i.e. knowing why exactly you want to acquire more bitcoins, how many are enough, and to what point are you going to hold them.
Collecting sats just for the sake of it sounds a bit silly.
And that's not even to mention all the "don't keep all your eggs in one basket" rule etc.
Bitcoin is not everything, although we need to acquire some bitcoin for a brighter future but we should also learn to be contented on what we can afford to have, than to chase for it every now and then and may lost other opportunities and fail to enjoy the best of life since we are always busy accumulating bitcoin. Bitcoin is important but we also know we can never have it all that's why we need to set a goal and stick to it. Once we achieved it, at least we should be grateful and thankful for that opportunity, and set limits if it's needed.

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January 05, 2024, 06:51:38 PM
 #40

I DON'T HAVE ENOUGH - thinking the capital is bigger we are just comparing stacking BTC is simpler with small money maybe that's all I think.

I will not overdo it because I know the ability beyond the limit will cause problems, stacking bitcoin is important especially with the DCA strategy when it is capable then do it, if not then stop and resume after your financial normal again.

I have a family that must be provided for every month, so this will never be forgotten, but with bitcoin now it is enough as a future investment that has been thought of.

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