Enough? - page 3. | Bitcointalksearch.org

Reatim

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Quote from: Silberman on February 14, 2023, 02:07:00 AM

Quote from: Reatim on February 10, 2023, 01:11:16 AM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

that is enough to be called as "Long Term Holding" consider that the price now is around 20+k meaning that would be 2k usd or more, and if the price of bitcoin grows at least x10-x20? then you will be holding 20-40k and what if bitcoin reaching a million dollars in the future? then you will be 100k richer?
that is for me a decent amount of holding.

And this does not take into account the possibility of using that bitcoin to trade and get even more of it in return, now this is riskier than long term holding, but at the same time if you are skilled the amount of money you could make will be way higher than what you can make by just holding, so for those that are not happy with the amount of bitcoin in their wallets this is a way to grow it without the need to invest even more money in bitcoin.

But why deny the chance of earning more if we had other amount to risk investing ? like what mist said and we are both having the same thought of long term investing , so buying each time we are having opportunity(as long as the amount we will be buying is available to risk) then lets add more and more as the years passes by, and also make sure that we are holding in safe wallets because remember that Not you Key , Not your Bitcoin .

and using bitcoin for day trading isn't in my way because I treat bitcoin as safe investment and not for so much riskier .

pawel7777

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Quote from: retreat on February 14, 2023, 03:03:47 PM

...
And that's why I said that it's better to invest in popular coins like BTC or ETH, because even if investors are experiencing losses now because the price is unstable and tends to decrease, the opportunity for these tokens to recover is much bigger in the future compared to Defi tokens, NFT. , metaverse, or other projects. The point is to stay patient and not panic sell your tokens when the market goes down.

Sure, but BTC/ETH is no longer appealing to the "get rich quick" investors. If you only have a few hundred $ to spare, the perspective of putting it all in btc, which (big) maaaybe will net you up to x5 of your investment in few years' time is just not attractive enough. And that's not to mention that big chunk of such "investors" don't even understand where are those ridiculously high yields in defi projects coming from, and they don't care as long as the number is high.
The trick is to make informed, emotionless decisions and have the same approach to investing small amounts as you would with large ones.

retreat

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Quote from: CageMabok on February 13, 2023, 07:46:45 PM

Quote from: retreat on February 13, 2023, 11:48:11 AM

Yes, and because of that people who are impatient and want to make quick profits often lose money in the crypto market because they get impatient and panic when the market is red and they prefer to invest in obscure assets like Defi or other projects. If only they tried to invest in more popular assets like BTC or other popular cryptos and held them for a longer period of time, their chances of profiting would be much greater.

What you say may not be wrong because indeed there are still many people who sometimes feel panicked when cryptocurrency prices decline in the market, but they can still lose a little money if they previously held Bitcoin or other cryptocurrencies that were in a good category. But for a product like defi or something like shitcoin that says it's going to be popular when it's not, it's always hard to recover when it's gone down in price and losing money through any shitcoin feels like losing money permanently.

And that's why I said that it's better to invest in popular coins like BTC or ETH, because even if investors are experiencing losses now because the price is unstable and tends to decrease, the opportunity for these tokens to recover is much bigger in the future compared to Defi tokens, NFT. , metaverse, or other projects. The point is to stay patient and not panic sell your tokens when the market goes down.

letteredhub

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If bitcoin be for me...

Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

You don't need to overwork yourself with a side job only cause you want to meet up to hold an amount of BTC you think should be enough for you to possess, stead the desire to put yourself in a tight corner should be for improving your living standard and to meeting up some more responsibility and not basically bitcoin. Am not saying your intention is bad but am not sure of you give it a second thought based on your scales of preference you will still go ahead with the idea.

Yaunfitda

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Quote from: CryptoBuds on February 14, 2023, 05:51:35 AM

Quote from: bitterguy28 on February 13, 2023, 11:04:26 PM

Quote from: S A KHAIR on February 04, 2023, 07:44:12 PM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

0.1 BTC good enough or not.

0.1BTC may not be worth much at current prices but if you can hold it for years when each bitcoin is worth 500k or 1 million then your 0.1BT C is well worth it. And during that holding period, you can accumulate even more. It doesn't matter how much or how little BTC, what matters is how long you can hold it.

lol , not worth much? let me ask you this, do you even have 0.1 bitcoin in your pocket/wallet? if not then till us how come that it is not worth much?

0.1BTC is already big amount for many of us , and specially if you are a holder? surely you will manage to gain thousands or even million once Bitcoin reached its peak price.

for me? i am contented with my holding now , and waiting for a perfect time to sell out .

At current prices, 0.1 BTC would be equivalent to more than 2k dollars, which would also be a huge amount if we were in 3rd world countries with low living costs. But according to what he said, it doesn't have much value at the moment and will be very valuable if bitcoin hits 500k or 1 million dollars in the future. He doesn't say it won't be of great value in the future. I think we should know enough with what we have, more or less it is our money.

I think if we are going to look at it, at the current price of $20k, and if by chance in the next bull run the price goes to $100k, so that will be a good amount in 2024-2025. His 0.1 BTC might be worth $10k and that is a lot of money in a 3rd world country. And if he goes and hold on it till the next bull run, who knows, $500k-$1 million is possible so the returns is good for him. So really up to us on how we are going to earn and save BTC and how long are we going to hold on it, minimum or maximum years to hold before we sell them.

CryptoBuds

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Quote from: bitterguy28 on February 13, 2023, 11:04:26 PM

Quote from: S A KHAIR on February 04, 2023, 07:44:12 PM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

0.1 BTC good enough or not.

0.1BTC may not be worth much at current prices but if you can hold it for years when each bitcoin is worth 500k or 1 million then your 0.1BT C is well worth it. And during that holding period, you can accumulate even more. It doesn't matter how much or how little BTC, what matters is how long you can hold it.

lol , not worth much? let me ask you this, do you even have 0.1 bitcoin in your pocket/wallet? if not then till us how come that it is not worth much?

0.1BTC is already big amount for many of us , and specially if you are a holder? surely you will manage to gain thousands or even million once Bitcoin reached its peak price.

for me? i am contented with my holding now , and waiting for a perfect time to sell out .

At current prices, 0.1 BTC would be equivalent to more than 2k dollars, which would also be a huge amount if we were in 3rd world countries with low living costs. But according to what he said, it doesn't have much value at the moment and will be very valuable if bitcoin hits 500k or 1 million dollars in the future. He doesn't say it won't be of great value in the future. I think we should know enough with what we have, more or less it is our money.

Joshapat

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

With 0.1 or current value around $2150 it is certainly a good start for investing in bitcoin in the long term, 13 years ago when the price of bitcoin was just under $1 a lot of people were speculating holding around $1000 then there was a big price spike in 2013 so they became millionaires, unfortunately at that time there were also those who no longer believed in bitcoin so they threw the hard drive in the trash and after knowing the skyrocketing price they tried to find the hard drive.

Silberman

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Quote from: Reatim on February 10, 2023, 01:11:16 AM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

that is enough to be called as "Long Term Holding" consider that the price now is around 20+k meaning that would be 2k usd or more, and if the price of bitcoin grows at least x10-x20? then you will be holding 20-40k and what if bitcoin reaching a million dollars in the future? then you will be 100k richer?
that is for me a decent amount of holding.

And this does not take into account the possibility of using that bitcoin to trade and get even more of it in return, now this is riskier than long term holding, but at the same time if you are skilled the amount of money you could make will be way higher than what you can make by just holding, so for those that are not happy with the amount of bitcoin in their wallets this is a way to grow it without the need to invest even more money in bitcoin.

bitterguy28

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Quote from: S A KHAIR on February 04, 2023, 07:44:12 PM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

0.1 BTC good enough or not.

0.1BTC may not be worth much at current prices but if you can hold it for years when each bitcoin is worth 500k or 1 million then your 0.1BT C is well worth it. And during that holding period, you can accumulate even more. It doesn't matter how much or how little BTC, what matters is how long you can hold it.

lol , not worth much? let me ask you this, do you even have 0.1 bitcoin in your pocket/wallet? if not then till us how come that it is not worth much?

0.1BTC is already big amount for many of us , and specially if you are a holder? surely you will manage to gain thousands or even million once Bitcoin reached its peak price.

for me? i am contented with my holding now , and waiting for a perfect time to sell out .

peter0425

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Quote from: bounceback on February 10, 2023, 04:36:37 AM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Don't push yourself too hard into investing large amounts of bitcoins if you don't have the capital to buy a unit of bitcoins, I'd say it's better to invest an amount you can afford to lose so you don't get frustrated later if the bitcoin price doesn't move as you expect, especially when we don't it is required to buy a unit of bitcoin when we want to start investing because holding 0.1BTC bitcoin also allows us to get a decent return in the future when the bitcoin price reaches a new ATH.

1 btc means having a big capital and why need to rush having this when you can accumulate little by little.
for how many years that I have been investing? just recently that I totally accumulate a whole bitcoin(but I have so much in altcoin also) because I diversify mate , that is how I manage in my crypto investment.

CageMabok

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Quote from: retreat on February 13, 2023, 11:48:11 AM

Yes, and because of that people who are impatient and want to make quick profits often lose money in the crypto market because they get impatient and panic when the market is red and they prefer to invest in obscure assets like Defi or other projects. If only they tried to invest in more popular assets like BTC or other popular cryptos and held them for a longer period of time, their chances of profiting would be much greater.

What you say may not be wrong because indeed there are still many people who sometimes feel panicked when cryptocurrency prices decline in the market, but they can still lose a little money if they previously held Bitcoin or other cryptocurrencies that were in a good category. But for a product like defi or something like shitcoin that says it's going to be popular when it's not, it's always hard to recover when it's gone down in price and losing money through any shitcoin feels like losing money permanently.

fzkto

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Quote from: retreat on February 13, 2023, 11:48:11 AM

Quote from: Furious 7 on February 07, 2023, 05:54:40 PM

Quote from: retreat on February 07, 2023, 11:36:18 AM

"Invest with what you have now and with what you are ready to lose" is what I always keep in my mind, because no matter how much bitcoin you invest, it will still be enough as long as you hold it for a long time. And I think this will be a very good investment for you going forward. As long as you don't sell it when the price is low, you will definitely be able to make a profit in the long term. Trust me it's worth it.

That is something that really needs to be remembered well. we are in a condition where everything is full of risks when we decide we want to be in bitcoin so preparing to lose is definitely something we need to know. The problem is that with the current conditions, we are always focused on quick profits, even though things like this clearly cannot be obtained because this is not something that is instant. It's an investment so it takes time to get good feedback.

Yes, and because of that people who are impatient and want to make quick profits often lose money in the crypto market because they get impatient and panic when the market is red and they prefer to invest in obscure assets like Defi or other projects. If only they tried to invest in more popular assets like BTC or other popular cryptos and held them for a longer period of time, their chances of profiting would be much greater.

A long period of time is how long? For example, if someone bought bitcoin two years ago, his profit would be minus now. And we don't know how much longer we would have to wait to actually make any profit. I think that the main thing here is not to wait long, but to be able to buy in time and not to forget to sell later, so that the waiting did not become uncomfortably long.

Greyhats

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With all types of saving, accumulating, investing even spending you are in charge of making your own decisions. No one can predict the future so asking is it enough is impossible to say with any degree of truth.

I do commend you for setting a goal and going after it, when you accomplish your goal you may want set another goal after. Honestly setting and achieving your first goal is the hardest one, each time after it gets a bit easier. Good luck on your journey

retreat

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Quote from: Furious 7 on February 07, 2023, 05:54:40 PM

Quote from: retreat on February 07, 2023, 11:36:18 AM

"Invest with what you have now and with what you are ready to lose" is what I always keep in my mind, because no matter how much bitcoin you invest, it will still be enough as long as you hold it for a long time. And I think this will be a very good investment for you going forward. As long as you don't sell it when the price is low, you will definitely be able to make a profit in the long term. Trust me it's worth it.

That is something that really needs to be remembered well. we are in a condition where everything is full of risks when we decide we want to be in bitcoin so preparing to lose is definitely something we need to know. The problem is that with the current conditions, we are always focused on quick profits, even though things like this clearly cannot be obtained because this is not something that is instant. It's an investment so it takes time to get good feedback.

Yes, and because of that people who are impatient and want to make quick profits often lose money in the crypto market because they get impatient and panic when the market is red and they prefer to invest in obscure assets like Defi or other projects. If only they tried to invest in more popular assets like BTC or other popular cryptos and held them for a longer period of time, their chances of profiting would be much greater.

Fesatmas

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Everyone has different abilities with the number of bitcoins that can be owned. You don't need to think whether this is a sufficient amount or not, nor do you need to look at the amount of bitcoins that other people have. Don't push too hard on our ability to own bitcoin, regardless of the amount, the most important thing is that the money is meant for it.
For some people, maybe the amount you hold is a small amount, but for others it is a very large amount. So it comes back to the capabilities that we have.

Hamphser

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Quote from: bounceback on February 10, 2023, 04:36:37 AM

Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Don't push yourself too hard into investing large amounts of bitcoins if you don't have the capital to buy a unit of bitcoins, I'd say it's better to invest an amount you can afford to lose so you don't get frustrated later if the bitcoin price doesn't move as you expect, especially when we don't it is required to buy a unit of bitcoin when we want to start investing because holding 0.1BTC bitcoin also allows us to get a decent return in the future when the bitcoin price reaches a new ATH.

Investing shouldnt really be a stressful one because it would really just make you desperate when you are trying to reach up for something which you do know that you cant really be able to do it or achieve it.

Each person does have their own financial capacity which means that if you arent that having much then it wont really be necessary on sticking out into those investment targets that you do have in mind.
We do know that we do have different priorities in life which means that expenses are really that different on where it could be a reason on why we do missed out on making investment or sticking into our plans.
If you do see that 0.1 would be enough as a goal then go ahead, no one really stops you on doing so because its your money to be investment not theirs.

bounceback

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Don't push yourself too hard into investing large amounts of bitcoins if you don't have the capital to buy a unit of bitcoins, I'd say it's better to invest an amount you can afford to lose so you don't get frustrated later if the bitcoin price doesn't move as you expect, especially when we don't it is required to buy a unit of bitcoin when we want to start investing because holding 0.1BTC bitcoin also allows us to get a decent return in the future when the bitcoin price reaches a new ATH.

lienfaye

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

For me it's already a decent amount and enough to hold for long period. The price can go higher in the future and you can imagine how much profit you can possibly get if that happened. But we're talking about yourself, is that enough for you and are you already contented?

We know the more, the better but as you've said anything more will put you in a tight position and that's the thing that you should avoid. Because you might fail to hold your Bitcoin for long term if you're not financially stable.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

that is enough to be called as "Long Term Holding" consider that the price now is around 20+k meaning that would be 2k usd or more, and if the price of bitcoin grows at least x10-x20? then you will be holding 20-40k and what if bitcoin reaching a million dollars in the future? then you will be 100k richer?
that is for me a decent amount of holding.

Silberman

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Quote from: adaseb on February 06, 2023, 01:03:10 PM

Alot of people dont realise this but investing in bitcoin or ethereum will never make you rich anymore. It might 2x or 3x but this is not like buying bitcoin at $200 like in 2015 and having it go 345x times your investment. Don't belive all those articles which are saying Bitcoin is gauranteed to go to $1,000,000.

Many believed back in late 2021 that bitcoin will at least go to $100,000. So nobody sold at $69000 and look what happened. When the general population thinks something will happen usually its the complete opposite.

It is true that bitcoin is probably not going to give 100x in a single bull run anymore, but if you are smart about your entry and exit points you can still make a lot of money if you compound your profits over several bull runs, maybe not enough to buy lambos as many people wish for, but if you invest several years of savings then if you can keep investing in bitcoin during the next 2 or 3 bull cycles then accumulating enough money to retire early should be possible.

Topic: Enough? - page 3. (Read 753 times)