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zetaray
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February 04, 2015, 07:54:35 AM |
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1000btc is not a lot for retirement at current bitcoin price, 10000btc is about right. Don't rely on bitcoin for something as important as retirement. Price can go down as well as up.
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insidertradingeverywhere
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The world’s first Play, Learn and Earn
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February 04, 2015, 08:19:31 AM |
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simple answer: 'a lot' is when you can move the market
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zimmah
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February 04, 2015, 08:47:33 AM |
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if you are planning on buying thousands of bitcoin to retire on, you would be better of using the money to buy gold with, that's a much safer investment.
it's an insane amount of money.
it's like buying several thousand tons of gold. It's quite a large fraction of the total amount of bitcoin in circulation.
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Harmonica
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February 04, 2015, 09:03:44 AM |
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if you are planning on buying thousands of bitcoin to retire on, you would be better of using the money to buy gold with, that's a much safer investment.
it's an insane amount of money.
it's like buying several thousand tons of gold. It's quite a large fraction of the total amount of bitcoin in circulation.
Gold may historically be a safe investment in times of financial uncertainty. However it is only a means of maintaining wealth, a store of it and not actually a vehicle. Plus other than its unique composition and limited uses (compared to other metals) it could be worth very little in the future. Precious metals have very little meaning or value to the younger generations, which I personally feel will have an impact it in the not so distant future. |
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racsas
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February 04, 2015, 10:02:07 AM |
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for me, 1 btc is a lot  , but I have seen a bc acct with over 10k btc in there  |
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zimmah
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February 04, 2015, 10:38:14 AM |
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if you are planning on buying thousands of bitcoin to retire on, you would be better of using the money to buy gold with, that's a much safer investment.
it's an insane amount of money.
it's like buying several thousand tons of gold. It's quite a large fraction of the total amount of bitcoin in circulation.
Gold may historically be a safe investment in times of financial uncertainty. However it is only a means of maintaining wealth, a store of it and not actually a vehicle. Plus other than its unique composition and limited uses (compared to other metals) it could be worth very little in the future. Precious metals have very little meaning or value to the younger generations, which I personally feel will have an impact it in the not so distant future. if you rely on it for retirement you should not invest it in volatile assets. that's gambling with your future. for me, 1 btc is a lot , but I have seen a bc acct with over 10k btc in there could be an exchange or something although the winklevoss claim to have 1% of all bitcoins which would be several hundreds of thousands. Which is a ridiculous amount. |
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CoinCidental
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Si vis pacem, para bellum
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February 04, 2015, 10:44:41 AM |
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if you are planning on buying thousands of bitcoin to retire on, you would be better of using the money to buy gold with, that's a much safer investment.
it's an insane amount of money.
it's like buying several thousand tons of gold. It's quite a large fraction of the total amount of bitcoin in circulation.
i think your counting it wrong in 2013 just 1 TON of gold was 48.2 million dollars |
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olloman
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February 04, 2015, 11:02:51 AM |
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as many say, Bitcoin will probably be all or nothing. In the case we get the "all" result, even a single bitcoin will make you fairly wealthy. Have you ever wondered why one satoshi is exactly 1/100.000.000 of a bitcoin? Satoshi Nakamoto was no fool, since a bitcoin is divisible 100.000.000 times that means that 100 satoshis would be very well suited to one day be the basic unity, with satoshis being the cents, hence one bitcoin would be 1.000.000 of those units. But this is just wild speculation and my very far fetched opinion  |
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Q7
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February 04, 2015, 12:19:49 PM |
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Depends on how you look at it but for me, a decent amount should be at least having 100 coins minimum. And to tell you the truth, I'm still far away from that target.
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twister
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February 04, 2015, 01:12:29 PM
Last edit: February 04, 2015, 01:44:49 PM by twister |
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To each his own, for me having 10 bitcoin would be a lot but it might be nothing for someone holding that much already.
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poncho32
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February 04, 2015, 01:38:14 PM |
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To each his own, for me having 10 bitcoin would be a lot but it might be nothing for something holding that much already.
To me a lot is what it takes to move the market, which is a couple of thousand bitcoins currently. |
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goxed
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Bitcoin / Crypto mining Hardware.
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February 04, 2015, 02:06:31 PM |
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an integer multiple of 100BTC IMO
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Revewing Bitcoin / Crypto mining Hardware.
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Paashaas
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February 04, 2015, 03:02:02 PM |
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Few years ago 10.000 coins was not much, remember the pizza guy?
At this time you can start youre own pizza house with that amounth.
If you dont got a fat fiat wallet and you can only affort 1 Bitcoin...that 1 coin can be a life changer within 10 years.
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erre
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February 04, 2015, 03:04:11 PM |
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1 bitcoin is a lot when compared to the total amounts of bitcoins that will ever exist... but its value could drop to nothing, in this scenario even 21 millions btc would not rappresent " a lot" of fiat
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SmoothCurves
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February 04, 2015, 05:54:27 PM |
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Within 10 years having more than 0.5 BTC will be "a lot"
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redsn0w
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#Free market
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February 04, 2015, 06:04:56 PM |
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I think also 0.10 btc will be a lot ( if we think of the value in dollars or euros). Maybe not this year , but most probably in the 2028 (after the various block reward halving, the reward will be ~1.56250000 bitcoin per block). Source: https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term |
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wormbog
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February 04, 2015, 07:28:49 PM |
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Rather than asking, "How much bitcoin will I need to retire?"
Tell yourself: "I won't sell my bitcoin until I have enough to retire."
Then start using it, promoting it, and building your personal stash.
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zimmah
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February 05, 2015, 01:02:27 AM |
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It's shocking how many people think you really need thousands of Bitcoin to matter.
Context guys, context.
Bitcoins are limited. Thousands of bitcoins is a shitload.
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noma
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February 05, 2015, 05:53:06 PM |
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To each his own, for me having 10 bitcoin would be a lot but it might be nothing for someone holding that much already.
] I think the same. To each his own is the right answer to the question. It all depends how much is more money to you, and accordingly more bitcoin to you,. |
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NeuroticFish
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Looking for campaign manager? Contact icopress!
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February 05, 2015, 06:20:52 PM |
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When you talk about "a lot", current price should not mean too much, so it's all about how many BTC the more than average Joe has and it's about how many bitcoin will ever exist. I think that should be somewhere around 100 BTC. And a lot of people don't feel that this amount is a lot, so I will have to explain. If what I know is correct, there will ever exist less than 21 mil bitcoin. That's not much. That will have to go to ... at least 1 million people. An average of 21 bitcoin. Wow. Now, 10% of people will own more than 90% of the wealth. That's normal. In numbers 100,000 people will own 19 mil BTC. An average of 190 BTC for the richlist (!!). Now, is 100 BTC a lot? |
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