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Author Topic: We dont own enough bitcoin  (Read 966 times)
tread93 (OP)
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January 04, 2024, 10:35:19 PM
Last edit: January 18, 2024, 05:20:49 AM by tread93
Merited by The Sceptical Chymist (3)
 #1

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. https://youtu.be/6t2wjT9s0xE?si=Opc4s1B8K83Q9SmS

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!!

Take your vitamins!
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January 04, 2024, 10:49:06 PM
Merited by tertius993 (1)
 #2

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.

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January 04, 2024, 10:50:26 PM
 #3

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!!

If we look at bitcoin price movements, everyone wants more bitcoin, especially considering the high possibility of halving and ETF approval, making the price of bitcoin move up in the last month. More Bitcoin will make us get bigger profits and we can buy bitcoin with the DCA mechanism so that the bitcoin we have continues to increase.

However, if I have a lot of money then I will not save all my money in bitcoin because after all bitcoin has high risks. I will divide my money into 3 forms. Firstly in fiat form, this is used for daily living needs, secondly in the form of low risk investments, I will choose gold and this as a reserve if I need money suddenly, thirdly of course in the form of bitcoin, bitcoin will be long term savings which I will continue to hold and will not sell and perhaps will pass it on to my children and grandchildren in the future

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January 04, 2024, 11:23:51 PM
Merited by EL MOHA (3), The Sceptical Chymist (2), Oshosondy (2), Marykeller (2), iBaba (2)
 #4

I may not have accumulated surplus Bitcoin at the moment,  but then I am thankful for my aggressive Bitcoin accumulation in the early days of my involvement and that has helped me to accumulate at least an amount that I am contented with at the moment and since I have the understanding of the fact that Bitcoin holding or accumulation is not a do it one day or one year thing, it makes me be more relaxed in my pursuit since I know that even if I may not have accumulated enough bitcoin this time before the coming halves, I still have a long time ahead to prepare for the next one so I won't beat myself for not meeting up to my desire at this time.


I advise others to also have the same kind of mindset also and avoid being too aggressive in their pursuit of desired Bitcoin rather they should make more plans and stick to their goals for a ling term benefits.

R


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January 04, 2024, 11:34:07 PM
 #5

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.
Exactly, I'm not against bitcoin; in fact, I also want to stack more Satoshi or bitcoin if I have the capabilities, and that's what I'm doing, but I'm not stuck in bitcoin only; I have more ways to earn because I know there are more ways to have profit than bitcoin or crypto currency.
Bitcoin may be a better investment than real estate, but what if you do both? then more profit, right? They are both assets, and both can bring profit to an investor, so let's not limit ourselves to bitcoin only if you have goals in life and you want to achieve more or buy things you want. Then, keep on finding ways to earn based on your abilities and explore more; bitcoin is not the only thing you can have. Be more ambitious in the sense that you will focus more on growth and wealth. Having more things in your hand is better than having only one thing, right?

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January 04, 2024, 11:43:32 PM
 #6

I hate it when some posts on this Forum act like we are some cult or something.

It is in my opinion not healthy when Bitcoin becomes as important to you as the air you breathe.  Bitcoin is very rewarding and has changed lives for the better, but it has changed lives for the worse too.  How?  Easy.  Greed, ego and such.

Stack Bitcoin but do not forget there is a life to live.  A family to feed, other investments to make.  Some of them in yourself.

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January 04, 2024, 11:55:39 PM
 #7

It is part of human nature that being contented is an endless thing. If we achieve something that we'd say will make us content, that will end up when you see someone who's more successful to you.

Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc.
While I want to say that BTC had me more money than the other assets. I wouldn't argue with the fact that someone from those other industries that can have the same feeling as us telling everyone that they've made more money from those that you've mentioned. As long as you're in and you know what you're investing, that's what matters and with the assets that we have means so much to us because it had changed our lives. If you're privileged to stacking more Bitcoin, that's nice. Because someday in the future, all of your efforts of accumulation and wait will be worth it.

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January 05, 2024, 12:03:35 AM
 #8

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.

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January 05, 2024, 12:35:16 AM
 #9

I agree with Darker45 - the ones who are not looking to get as much Bitcoin as possible but
are actually into Bitcoin are in a minority.

Didnt Michael Saylor once say that he would go to bed worrying that he didnt have enough
Bitcoin accumulated he probably is still worrying!

Everyone around here knows at this stage where Bitcoin is going so we are all looking to increase
our Bitcoin, it doesn't stop me from living my life and doing other stuff but I have Bitcoin on
the brain !

R


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January 05, 2024, 01:27:25 AM
 #10

I hate it when some posts on this Forum act like we are some cult or something.

It is in my opinion not healthy when Bitcoin becomes as important to you as the air you breathe.  Bitcoin is very rewarding and has changed lives for the better, but it has changed lives for the worse too.  How?  Easy.  Greed, ego and such.

Stack Bitcoin but do not forget there is a life to live.  A family to feed, other investments to make.  Some of them in yourself.

Let's not deceive ourselves acting like we are doing too much by wanting to own things of value, I mean no one gets tired of making money! This is just the human nature! Our wants are insatiable and thanks to Scarcity for this. Because the commodity is scarce, people will always struggle to acquire more, nobody wants to stop at a particular level. After getting one, we always aim for two. You call it greed? Yea we all have that atom of greed in us. All this we do just to better our lives. Of what use will it be if we keep accumulating more and more Bitcoins without taking out time to enjoy what we labour for? Living a comfortable live is as important as the air we breathe and accumulating more Bitcoins guarantees us that

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January 05, 2024, 04:03:33 AM
 #11

Bitcoin total supply is only 21 millions. How many bitcoins you can accumulate totally depends on you.

The warning is only spend money you can afford to lose, for investment in bitcoin.

You need money for your life and family so please don't use all money to buy bitcoin or anything else. It is risky for you, your life and your family.

DCA to accumulate Bitcoin with time and also never forget to have money for your life like the above warning.

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Apocollapse
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January 05, 2024, 04:29:50 AM
 #12

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.
And that's not even to mention all the "don't keep all your eggs in one basket" rule etc.
Due to current technology that everyone can search anything in google, that makes the life has no border. Since in social medias many people flex their wealth and many contents that talk about achievements, most people use that stupid standard in their life.

Like in 25 years old, we must have at least $1 Million in banks. In 30 years old, we must have one house, one car, one business and $10 Million. In 40 years old, we must have 3 autopilot businesses and many assets, then achieve financial freedom.

This is why we need to learn stoic, it's ridiculous to compare our life with other people life.

If money is the goal, @OP should compare his net worth to Elon Musk and start to beat him.

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January 05, 2024, 04:39:06 AM
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 #13

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!!
I dont disagree with your points but in some corners in speaking about real estate and gold then i cant say that it would be a bad option on which it is really that better to have a diversified investment.
We do know that even on Bitcoin investment, it wont really be giving out assurance that it would do well on future years to come. Not on being pessimistic but at least we shouldnt really forget
on the things like speaking about the risks involved with even on crypto space. This is why it would really be always best that you should really know on how to diversify you investment or money
so that you could really be having that income source on different angles on which you could possibly be able to invest in other ventures or markets if you wanted  to do so
since you do have the funds on doing such thing.

It is really normal that having that feeling of greed on trying out to accumulate more but since not all would really be financially capable then it would really be that normal
that you would really be having those disappointments and regrets but actually there's nothing we can do about it specially if we dont have money.
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January 05, 2024, 06:29:21 AM
 #14

we will never have enough I think because wealth in bitcoin seems limitless. just like you have become a millionaire, here there are still hundreds of millionaires or even billionaires in the bitcoin world, it seems that reaching the top is indeed difficult. I hope we understand that this is not always about greed, however, everyone here is a businessman and investor, everyone wants the profits from bitcoin. .
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January 05, 2024, 06:48:37 AM
 #15

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!!

If we buy a bitcoin, we can say that it is really expensive, but if we save it little by little, we will not feel that we will be able to save a lot of bitcoin eventually. But, to be honest, it's not really my priority to hold it right now.

Because I can't afford to buy at least 0.01 btc, that's a huge amount for me, and I love it, so my real aim is to buy a house and lot, and I don't think I can achieve that if I only use Bitcoin. I will give time to save, so with other altcoins, I focus more on dca.

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Dimitri94
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January 05, 2024, 06:49:41 AM
 #16

Everyone has an interest in getting a Bitcoin. However, storing bitcoins with all the money can make it difficult to hold on to those bitcoins later, especially if the money is not segregated for personal use. Any emergency work also requires money. I would like to say that definitely Bitcoin is the best platform for investment but the investor must follow some rules to invest. If an investor accumulates bitcoins with DCA and can continue to do so for a long period of time, he can grow his bitcoin portfolio without any problem. Don't invest only on hype or hope of extra profit as it carries high risk of loss.
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January 05, 2024, 06:58:14 AM
 #17

-How many bitcoins do you have?
+Not enough.

This is true for every crypto fan. “One can simply not have enough bitcoins.” It is a chase which never ends.

It is a bad thing in a way because we will never be satisfied. It is like having sex all day every day but never having a full orgasm. This will probably have some psychological side effects on us.

We should, at some point, learn to say: “Enough”

.
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Julien_Olynpic
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January 05, 2024, 07:56:17 AM
 #18

Bitcoin is, of course, a good investment. But here's what I would think about. Perhaps influencers are fueling our FOMO so they can make a little money off of it. After all, investing is an individual matter. In my opinion, it is not very right to influence the decisions of your subscribers. We all know that there are driven people who do not approach the issue of investment selection critically enough. What if Bitcoin resumes its decline and those subscribers who invested in Bitcoin lose a significant portion of their money?
This option cannot be excluded. People who have lost money and do not want to wait for the investment to pay off will blame the influencer who pushed them to buy for their problems. This is human nature.
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January 05, 2024, 08:08:30 AM
 #19

I am satisfied with the numbers of says that I have and I don't have to be too desperate to accumulate Bitcoin, I only wait for my paycheck and DCA into Bitcoin, how can this be so hard to do? Just because you want something so badly you don't have to get it immediately.

I have seen people going to loan sharks to get some money to buy things the so much desire and they start paying the debt back, I don't always like this idea because anything can happen, I will rather not have the thing than paying back some debt, the easiest way is to save up some money slowly and get whatever you have always wanted.

Bitcoin isn't everything that should matter in our lives, don't go to any lent because you want to get some Bitcoin, if you already have some and you feel it's not enough, think about those that don't have any at all because they can't afford it, the best way to accumulate is slowly using DCA, and don't forget that it's bad going all in at once.

 
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January 05, 2024, 08:24:30 AM
 #20

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!!
You are not wrong when you say that objectively speaking bitcoin is a better investment for those that are just becoming investors at this time since most of those assets are heavily overvalued, however it is also important to mention that unrestrained greed and ambition can also bring your own destruction if you are not careful, do not forget there is way more in life than just earning money, buying bitcoin and stacking sats.
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