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Author Topic: We dont own enough bitcoin  (Read 967 times)
Asiska02
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January 08, 2024, 09:06:13 AM
Merited by The Sceptical Chymist (3)
 #81

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!!!

This is how the human minds works and everyone today is looking for a way to multiply their savings and have a stable income that will make them to being able to achieve anything they want in todays life. I don’t blame those that are in search of wealth so much, it is their test and if they don’t do it, no one else will help them get the money. Also, I respect those that look into other things that they can achieve in life because when you look deeply into it, life is not always all about making that money, there is more to life than that and the earlier you know and plan your life well the better. The quest for wealth is limitless so every human will in one time have that mindset and will work towards achieving it.

Quote
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!!

An average person will always look for the simplest way to make profit on their investment, if they are patient enough, bitcoin will be the best for them to invest into which will make them some good profits. If there are other means the average man can leverage onto and it’s certain to profit him just like bitcoin, they can as well go for it since Bitcoin requires sometime and patient to earn from it.

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. .

You have said it all and I agree with your inputs into this. Greed is just one thing that when you’re greedy you’ll feel it within you that you are already. But the quest for wealth most times is being regarded as one being greedy at some point. I feel when you haven’t achieved what you want and you’re sure of still making it, it is not bad to always try. But once that notion of greed enters you, it is better to stop and enjoy what you’ve made so far so that you don’t lose all in the end. The quest for wealth is just like gambling that when you get too excited of winning and wants to win more, you might end up losing them all.

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January 08, 2024, 10:31:00 AM
 #82

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!!
So where is the link you promised to put in here? 

Stocking gold is  what people does over the years same as silver and other metal assets , others now are stacking their funds inside real estate in which also good source of passive income.

But good to know that Bitcoin now is one place where people are putting their money , online currency is the future of other people like us now.

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January 08, 2024, 01:14:14 PM
 #83

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!!!
Putting it in a positive perspective, this mindset will be good because it will produce positive energy to make something a goal come true.
The end of this way of thinking is that if it is done by someone with a negative character, the results will not be good.
Everyone has targets and targets must have limits. If targets 1, 2 and 3 have been achieved, then end it and enjoy it so that the next person will do it.

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!!
Not everyone is like that in my opinion. People who tend to be interested and consider BTC more useful as an investment asset will choose to pursue BTC with the above mindset. People who are interested in real estate assets will invest them without enough.
Personally, I always try to balance BTC, real estate and gold.

R


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January 08, 2024, 01:30:08 PM
 #84

I don't believe in mindset advice and stuff like that. This post is about "I don't have enough" mindset as the right one. Today I also read a thread that was about not desiring money to become rich, which is sort of the opposite.
People should do whatever feels right and natural to them, whatever has a positive impact on them. Envy is bad, greed is also bad. Having some motivation to obtain more BTC is alright, and being chill about money is alright as well. Moderation (being moderate) is one of the best ideas of humanity, IMO, and it applies in this matter as well as in any other.
I believe the "I don't have enough" mindset can be useful as a boost to encourage you acquiring and working more to achieve better results futurely, although as you said, moderation is one of the best traits to be practiced by humanity. It means we should know how further we can push ourselves, while respecting our personal limits, and once we reach them, it's time to replace the "I don't have enough" mentality by the "I have enough, under my current conditions" mindset. I believe the conscience of having done the best we could have is what really matters in the end. That is what brings inner peace, fulfillment.

Those who persue the maximum, the pinnacle, the supremacy end only frustrating themselves and prejudicing their mental health, because there will be always someone one step ahead of you, and someone one step ahead of who is above you...

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January 08, 2024, 05:33:20 PM
 #85

/snip/
People are just different and this difference is what set us aside in reasoning and in general lifestyle. These are different samples of people in bitcoin investment;
  • Those who sell their properties to invest in Bitcoin  
  • Those who keeps buying and believing that bitcoin may worth a million dollars in the future  
  • Some who might starve, I mean not live a comfortable life in order to invest
  • Some who believes that the reason they are investing is to have a good life and immediately they have money, they start living a good life

As said, there's more to life than bitcoin investment. In as much as I encourage us to buy bitcoin, we shouldn't do weird things to acquire it.

Sure, but that wasn't really my point. What you've listed is nothing more than different approaches to acquire bitcoins and weir ways of acquiring them, but whatever way you choose you should still have some idea of what are you doing all this for and have some goals set. You could hold a small amount of btc and hold it forever for no purpose and there's nothing wrong with it. A lot of people here (myself included) would feel uncomfortable with not having any bitcoins. But when your holding becomes a significant percent of your wealth, then you have stop and ask yourself what do you want to get out of it.
Some people could choose to hold as they believe it's a good store of value or a better investment than anything else, maybe even to pass it on to the next generation  In such case, when most of your financial needs are already satisfied and you don't have any pressing need to spend your money on - just make sure your family will have access to your holdings if something unexpected happens to you.

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January 08, 2024, 06:24:24 PM
 #86

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 mean for sure, I haven't even accumulated 1 Bitcoin yet in the years of trading and investing in Bitcoin, maybe I did spend some of my profit for sure on other things but for sure Bitcoin these days was just too expensive for some people since its already reach a very high price in the market and already started to skyrocket. It's not going to be easy for sure to accumulate Bitcoin but it is surely a worthwhile thing to do if you are planning to invest in cryptocurrency, even though Bitcoin has already skyrocketed there is still so much potential that it could still skyrocket up to even a 100k$ or probably in the future even 1million$.

Still, it is still not a bad thing to sell at a profit, because Bitcoin investment or probably just investment is all about profit it wouldn't make sense to some if we are just going to hold forever i mean we did invest in the first place to earn a good profit.

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January 08, 2024, 08:11:52 PM
 #87

Of course yes there is always depreciation in extracting from a stagnation and the point of settling offers no growth.
Accumulating of Bitcoin is the craving for more so that the puse doesn't run empty. The conciousness of running low of Bitcoin is the keyword enforcing the velocities to gather more of Bitcoin. There is always needful reason in why we should accumulate more of Bitcoins with the fact that the more you spends is the more need you should accumulate more so that you don't run a bankrupt.

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January 08, 2024, 09:19:43 PM
 #88

Bitcoin has a way of making people mad I think, it's so powerfull one might become obsessed with it.

As said before you have plenty of things in life to do to become "happy".

It's a good goal to have some but is it really that important ?!



Yes, the obsession is important. Don’t be too obsessed but it’s totally fine to feel the need to own some Bitcoins. Bitcoin doesn’t make one happy (directly). But if you hold it and the market goes green, who wouldn’t be happy about that? I guess that’s where the OP may be driving at when he speaks of not having enough. Because the more you own the more you could earn. But that’s not the only thing from Bitcoin that makes it worth the obsession… the fact that it takes out middlemen and lets us have direct access to our funds is another thing.



 

 

 

 

 

 


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January 09, 2024, 06:26:19 PM
 #89

Quote from: kojektea
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. .
Even though you get exactly what you are looking for in life, you will still have something that you will need to achieve which is the mentality of humanity in the world, which is very difficult to handle as an investors.

 If you're the type of person looking for enough money to start BTC investment or looking for enough money from BTC before you will quite the business, I think it will be very hard for you to quit easily because, whenever bull run occur in the market you will like to take more money and if you  don't have anything to sell , you will regret at the moment..

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January 10, 2024, 03:38:24 AM
 #90

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!!
Not everyone is like that in my opinion. People who tend to be interested and consider BTC more useful as an investment asset will choose to pursue BTC with the above mindset. People who are interested in real estate assets will invest them without enough.
Personally, I always try to balance BTC, real estate and gold.
I agree with you, not everyone considers BTC as an asset that they can invest in even though they have learned about how to invest with Bitcoin because they are still unsure about investing in Bitcoin.
What you have done is very good by balancing investments in Bitcoin, real assets and gold, of course you will be able to enjoy the benefits of the three investments you make.
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January 10, 2024, 07:53:50 AM
 #91

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.

Exactly, don't use all your funds to invest in bitcoin, it is not an investment that you will rush on to get profit fast, it is better you keep your self calm and invest as your on risk, because I see some people investing in bitcoin with all their property which is not supposed to be, anyone knows that bitcoin is a good investment that will bring you huge profit when you can save it for a long term like 3 to 4 years, so if you sell all your property and you don't have any source of income and probably something comes out, And you need money to fix the problem and probable the bitcoin you invest likely decrease, and you will have no choice but to sell it to solve the problems and you will undoubtedly sell it at a loss, because you did not give it enough time before selling it. That is why it is preferable that you do something that will generate income so that even if you invest in bitcoin you will not touch your coins, he will be in a save wellet for a long term.

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January 10, 2024, 12:11:46 PM
 #92

Quote from: kojektea
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. .
Even though you get exactly what you are looking for in life, you will still have something that you will need to achieve which is the mentality of humanity in the world, which is very difficult to handle as an investors.
I don't think it will be harder if you succeed your investment then you can do as much human work to help others so that is Humanity right?
though it might take some time of course.

Quote
If you're the type of person looking for enough money to start BTC investment or looking for enough money from BTC before you will quite the business, I think it will be very hard for you to quit easily because, whenever bull run occur in the market you will like to take more money and if you  don't have anything to sell , you will regret at the moment..
having a business and having a bitcoin can be done together like what I am doing but the best weapon to beat is that you should not be greedy about everything .

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January 10, 2024, 12:49:48 PM
 #93

I don't believe in mindset advice and stuff like that. This post is about "I don't have enough" mindset as the right one. Today I also read a thread that was about not desiring money to become rich, which is sort of the opposite.
People should do whatever feels right and natural to them, whatever has a positive impact on them. Envy is bad, greed is also bad. Having some motivation to obtain more BTC is alright, and being chill about money is alright as well. Moderation (being moderate) is one of the best ideas of humanity, IMO, and it applies in this matter as well as in any other.
I believe the "I don't have enough" mindset can be useful as a boost to encourage you acquiring and working more to achieve better results futurely, although as you said, moderation is one of the best traits to be practiced by humanity. It means we should know how further we can push ourselves, while respecting our personal limits, and once we reach them, it's time to replace the "I don't have enough" mentality by the "I have enough, under my current conditions" mindset. I believe the conscience of having done the best we could have is what really matters in the end. That is what brings inner peace, fulfillment.

Those who persue the maximum, the pinnacle, the supremacy end only frustrating themselves and prejudicing their mental health, because there will be always someone one step ahead of you, and someone one step ahead of who is above you...
First, "I don't have enough" drives ambition. It motivates us to explore cryptocurrency and personal growth. Like you said, moderation is crucial. Finding that precise balance between ambition and contentment.

Bitcoin makes this balance even more dramatic. The bitcoin world is volatile and unclear, making 'enough' difficult. Combining financial and emotional intelligence is crucial. Remember that Bitcoin's value isn't just its market price, but its unique financial independence. This perspective helps us appreciate blockchain technology's broader ramifications rather than just accumulating.

"I have enough, under my current situations" liberates powerfully. It shows our ability to be happy with our accomplishments regardless of comparison. The goal is internal satisfaction, not Bitcoin money or outdoing others. In Bitcoin and personal finance, success is measured by the peace and fulfillment we feel in our financial decisions and path to get there.

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January 10, 2024, 04:58:31 PM
 #94

Not we, because some of us has a lot of Bitcoins already in their wallets and they think it was enough. They are only hodling and waiting for the bull run to sell their Bitcoins, and after that they will start a new journey again. For the person who is greedy, they will always want more even if their Bitcoin is already huge in number.

I guess this isn't bad as being greedy on gambling, and similar things or activities which has a greater risk. They only want to make sure that the money that they use to buy a BTC have came from a good way.

@OP, getting BTC at this point is more rewarding because the value of it is higher than last time.

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January 10, 2024, 05:05:50 PM
 #95

Isn't that what happens to you if you are greedy enough? You tend to do that to yourself knowing that you are still want to have more and not satisfied enough that you do stuff to get that. For sure it would be nice to have a lot but harboring that mindset might make you stuff that you wouldn't expect. This is too much knowing in a way that shouldn't be the mindset. It shouldn't be about greed but supporting a new era or a new way to have a currency. Continue to accumulate and you will be rewarded if it's a positive thing.

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January 10, 2024, 05:10:04 PM
 #96

This kind of act is too greedy, you should set goals or limit how much you want to own Bitcoin. This is like an attitude that can make you fall later on and I also see that there is no life in this kind of attitude, like when you keep chasing money to buy Bitcoin and you have no social life. We should always set an amount that is enough and only what we can afford to lose and live out our lives, and not compare our holdings to others so that we won't get jealous.
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January 10, 2024, 06:20:07 PM
 #97

"Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc".  I mean I guess this depends on when you bought it, but also I think it's important to know these are all apples and oranges as they are different types of investments. 

It's been interesting seeing Kitco get so involved with bitcoin/crypto.  I do have to say however I've seen quite a few videos from them about the topic that were pretty ridiculous.  Hopefully they keep evolving in that manner as Kitco is a solid player of course in the precious metals space and have bought/sold with them a few times throughout the years.

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January 10, 2024, 07:54:55 PM
Merited by allthebitandbobs (3), Sexylizzy2813 (1)
 #98


I believe the "I don't have enough" mindset can be useful as a boost to encourage you acquiring and working more to achieve better results futurely, although as you said, moderation is one of the best traits to be practiced by humanity. It means we should know how further we can push ourselves, while respecting our personal limits, and once we reach them, it's time to replace the "I don't have enough" mentality by the "I have enough, under my current conditions" mindset. I believe the conscience of having done the best we could have is what really matters in the end. That is what brings inner peace, fulfillment.

Those who persue the maximum, the pinnacle, the supremacy end only frustrating themselves and prejudicing their mental health, because there will be always someone one step ahead of you, and someone one step ahead of who is above you...

To get the better results,one should work for the best.Because after starting the business not all the people get rich in the process,Some may win and other may learn the lesson.The person should work with their inner peace to achieve in the work,it may be anything trade or the business doesn’t matter.The person should keep their mind in the good way which leads to keep their mental health in the good condition.The person should not live for the satisfaction for the other person wish,it’s no use at the end.After your old age,you can understand this fact.

Isn't that what happens to you if you are greedy enough? You tend to do that to yourself knowing that you are still want to have more and not satisfied enough that you do stuff to get that. For sure it would be nice to have a lot but harboring that mindset might make you stuff that you wouldn't expect. This is too much knowing in a way that shouldn't be the mindset. It shouldn't be about greed but supporting a new era or a new way to have a currency. Continue to accumulate and you will be rewarded if it's a positive thing.

The greedy in any business is not the good one,if you want good results it’s essential to avoid your greediness.Some people add their greediness in the trade,they never satisfied with the profit and get the loss of the funds at the bearish market.The greedy in gambling was the cause of the many people to loss their money and the inner peace in the real life.
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January 10, 2024, 08:05:08 PM
 #99

Not we, because some of us has a lot of Bitcoins already in their wallets and they think it was enough. They are only hodling and waiting for the bull run to sell their Bitcoins, and after that they will start a new journey again. For the person who is greedy, they will always want more even if their Bitcoin is already huge in number.

I guess this isn't bad as being greedy on gambling, and similar things or activities which has a greater risk. They only want to make sure that the money that they use to buy a BTC have came from a good way.

@OP, getting BTC at this point is more rewarding because the value of it is higher than last time.

First of all, those who do not have enough money to buy a full bitcoin, they can still buy any amounts of bitcoin and it will be beneficial for them in the long run. They should keep buying it on regular intervals and this will give them the best average price for their bitcoins.
Even if someone bought bitcoin at higher rates, doing the DCA will help him getting the good average of the price.
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January 10, 2024, 08:10:16 PM
 #100

The question is: how much Bitcoin do you need to own to say you have enough Bitcoin? Because the number of bitcoins varies from person to person and depending on their situation, It's most important how you can accumulate enough bitcoin, and it depends on your financial situation. However, if we have intentions to accumulate Bitcoin, we shouldn't regret it. We should try and find a way to accumulate bitcoin, though it's not enough. Some days, it would be enough for you. So the better strategy would be DCA for me, I believe.

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