Enough? - page 4. | Bitcointalksearch.org

pawel7777

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Quote from: Nrcewker on February 07, 2023, 11:10:40 AM

...Use 30% of your salary in investment, 30% for savings and 40% for monthly needs...

First of all, if you can save up 60% of your income, you're already doing very well (or you live with your parents).

But the advice to "save" fiat money has become obsolete when saving accounts could no longer offer interest rates above inflation.
Sure, every responsible should have some liquid, easy-to-access reserve to cover at least a few months' worth of living expenses, but if you don't like to see your hard-earned money lose its value, you're forced to invest it somehow.

Lanatsa

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Quote from: Z390 on February 04, 2023, 02:40:22 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.

#2 option would be the best choice you would make.Come to mind or think that there's no such thing about being enough because we know the potential of Bitcoin that does give out that kind of opportunity
to make money which we know the basic concept that the more the better,right? 0.1 is big for most people but its better that you would be targeting on having 1 BTC at least if ever you could push up
yourself further more.This is why its better to consider on having a side income so that you could be able to accumulate as much as you could.This do really matter on someones approach
and hard work on how they would be handling out their crypto holdings.

Furious 7

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Quote from: retreat on February 07, 2023, 10:36:18 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.

ajiz138

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The more bitcoins that are stored long term the greater the chance of profit in the future, so enough or not is only relative for some people maybe 0.1 BTC is better than nothing then you have to be able to do this with various things to accumulate bitcoins from using DCA or buying Dips depends on your own abilities and expenses because at its core investing in long-term bitcoin is the best solution.

It would be better if you intend to increase your side job so you can accumulate more bitcoins, but you have to realize that in bitcoin it won't be that easy, sometimes we need obstacles to face, starting from fluctuations and unstable prices.

Nrcewker

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Quote from: Z390 on February 04, 2023, 02:40:22 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.

Everything depends on your need and necessity. For some people at current price, the 0.1 BTC will be sufficient for long term. I would say for investment in any asset it’s always good to fund slowly. If not possible, don’t buy 0.1 BTC directly. Use 30% of your salary in investment, 30% for savings and 40% for monthly needs. Follow this 30:30:40 rule and invest accordingly. In this manner for a long term run, you will definitely make good profit. To be honest currently if you have 0.1 BTC, then by the end of the year, if BTC grows then definitely you will make 2.5x times the money. Let’s hope for the best.

Pesona1

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Quote from: adaseb on February 06, 2023, 12:03:10 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.

I also have quite the same thoughts as you, right now the price of bitcoin can be said to be a little high and of course it takes a lot of capital for us to buy bitcoin, say now it is priced at $20K we keep 1 BTC and at the end of the year BTC may go up around $25K and of course $5K is not a huge profit to be proud of in almost 1 year, it's not wrong to keep 0.1 or 1 BTC for a long period of time but think of it as a savings without expecting to get bigger profits except as you said, we has bought BTC at 2 or 3 digit prices in the past of course surely by now maybe we has become rich.

retreat

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"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.

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Quote from: Silberman on February 07, 2023, 12:39:14 AM

Quote from: Z390 on February 04, 2023, 02:40:22 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.

If that is the amount you believe you can accumulate then you will have to make do with what you have, bitcoin allows you to hold for the long term any amount you can, but it should be obvious the more bitcoin you can hold and the longer you can do it then the greater effect bitcoin will have in your life, and depending on your expectations and the living costs where you live that amount could be enough or not, if you told us what do you expect maybe it would be easier to determine if your expectations are reasonable or not.

All right. The larger the amount you own, the faster it will increase with proper use. I like to talk about the rules of Compound Interest. I will not describe its principles, I am sure they are so familiar to you. Based on them, every dollar invested in bitcoin today can become 100 tomorrow. It is because of the compound interest that the rich are so rich.

Silberman

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Quote from: Z390 on February 04, 2023, 02:40:22 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.

If that is the amount you believe you can accumulate then you will have to make do with what you have, bitcoin allows you to hold for the long term any amount you can, but it should be obvious the more bitcoin you can hold and the longer you can do it then the greater effect bitcoin will have in your life, and depending on your expectations and the living costs where you live that amount could be enough or not, if you told us what do you expect maybe it would be easier to determine if your expectations are reasonable or not.

darkangel11

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Quote from: pawel7777 on February 06, 2023, 04:26:42 PM

I wouldn't recommend it, but technically speaking you could still get rich by trading bitcoin with leverage (margin trading).

Depends on your starting money and what "rich" is to you.

Quote

Or just by active trading, accumulating at the bottoms, and selling the tops

You don't have to do all that. Holding can still be very profitable, again depending on how much you invest and what your goal is.
Holding 0.1 will not be life changing, even if your goal is $200k, but a few bitcoins can be.

Quote

But yeah, the only way we could see another x300 is either in an apocalyptic scenario when fiat systems collapse and Bitcoin jumps in to replace them, or when it first drops to a few-hundreds range and shoots back up.

You're aiming too high. Let's be more down to earth and think what scenarios are likely to happen. People always tend to aim too low in bear markets and too high in bull markets which is why some traders are still waiting for 10k bitcoin while others who waited for 100k last cycle regret that they didn't sell.
Is 100k possible this cycle? Of course it is. I'm almost sure that we'll see it by the end of 2024. That's a 6x if you bought last year during the FTX drama. For someone with just 1 bitcoin that can definitely be life changing. 10BTC bought at that time is going to be life changing for most people.

pawel7777

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Quote from: adaseb on February 06, 2023, 12:03:10 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.

I wouldn't recommend it, but technically speaking you could still get rich by trading bitcoin with leverage (margin trading). Or just by active trading, accumulating at the bottoms, and selling the tops - you don't have to time the market perfectly and it may take years (if not decades) to get 'there' - but wherever there's a market, volume, and some price actions - there's also an opportunity to make money.

But yeah, the only way we could see another x300 is either in an apocalyptic scenario when fiat systems collapse and Bitcoin jumps in to replace them, or when it first drops to a few-hundreds range and shoots back up.

buwaytress

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Quote from: Lucius on February 06, 2023, 10:37:52 AM

I don't know exactly when this idea was first mentioned, but I found a topic from 2017 in which you also participated, and at the time 21 BTC didn't seem like a big number to most people - although according to your calculation it only took about $40 000 to become a member of that club.

Quote from: buwaytress on February 06, 2023, 07:19:09 AM

I don't think most people, myself included, could ever hope for that membership even today, even at sub 20k, but I'd like to think that at some faraway but not too distant point in the future, even 1 BTC would be some hell of a fallback plan!

I agree that it is an unattainable goal for most, especially if someone is starting from scratch, and even if you had 10 BTC it would still be a big challenge. In that case, selling those 10 BTC at the peak and then buying after a 60-70% correction would definitely be a ticket to that club.

The memories! $40,000 seemed completely unattainable to me back then, I'd just started out freelancing and accepting Bitcoin payments (but up till that year the majority of clients were only willing to pay in alts if you can believe it!).

Can't remember myself when I first heard of it but fairly certain it was in a chat somewhere, definitely not the forum.

I do look back wistfully having lived through 2 ATHs and not being able to take advantage, but no complaints. My last major liquidation was at the end of 2020, so effectively, I sold at 2017 ATH and that wasn't a bad thing at all, given I really needed the cash and I wouldn't have been anywhere close if I'd saved in fiat.

Almost half a million dollars now to buy "membership"!

STT

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Impossible to say really because BTC has no fixed price, really the only answer is to regularly be involved in BTC. I dont think its bad to ever sell BTC, you should be able to do both as the situation merits as a person would with any other asset. So 0.1 BTC might be far too much capital to hold here or it might be a silly small amount if BTC were to stay under 10k for years.
Accumulate whenever you can and deploy and rebalance your capital to best minimize your costs when you can, most people try to reduce their rental costs by owning a house and thats highly arguable to rebalance capital towards if BTC were to out perform housing. Theres no simple answer sorry, markets will change over years but the ideal is to buy BTC on the lows having a better confidence then most are able to hold.

YOSHIE

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

0.1 BTC good enough or not.

If you think Bitcoin investment speculation for the future or long term with a nominal value of 0.1 BTC is not enough, don't you think that the nature of the investment is unlimited.

You have managed to collect 0.1btc at the moment, that is the best ratio, but it would be great if before the Bitcoin price reaches its highest point you already have 1 btc in reserve, maybe it is a perfect speculation for you.

You already mentioned, the opportunity is still there, use the moment of the opportunity to collect and invest in Bitcoin as much as you can, I'm sure one day you will see perfect results in your investment, get rid of complacency with 0.1btc, opportunity only comes once.

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Quote from: Z390 on February 04, 2023, 02:40:22 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.

At today's value (currently) of $23,010, 0.1btc is $2,300+, that's more than enough a capital to start up trading. A lot of traders and investors have turned less than that amount to thousands of dollar. What's crucial in trading and investment is the knowledge and this surpasses the capital thrown into it. One can easily blow that same amount without having the basic knowledge of trading. It doesn't really matter the amount put aside for trading. Seek technical knowledge first. It's important.

adaseb

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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.

LogitechMouse

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Quote from: Z390 on February 04, 2023, 02:40:22 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.

My end goal amount of Bitcoin that I want is 0.01 BTC and it's enough for me already, and you're asking about that?
Some might say yes it's enough. Some might say nahhhh it isn't enough especially for those who has many money to use to buy Bitcoin.

Only you can answer that question. Is it enough for you? Do you feel happy if you reach that amount of Bitcoin? Will you be satisfied if you reaches that amount? For me, it doesn't matter if it's 0.001 BTC or 0.01 BTC or 0.1 BTC or even 1 whole Bitcoin as long as you are holding Bitcoin, whatever amount it is enough.

The word "enough" is very irrelevant in a sense that, people might say that X amount is enough for them, but when they reached that price, they will think of a way again to increase that amount. The satisfaction isn't there. They want more after reaching that amount. That's most of the people is.

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Quote from: Z390 on February 04, 2023, 02:40:22 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.

0.1 BTC is enough if the bitcoin price can get to the price of $ 60k- $ 100k, but that amount is still not enough, especially if you want to make big profits. At the very least, you should have 1 BTC to sell at peak prices. Currently, you can still do DCA because the price is still low. And to have 1 BTC is still possible as long as you regularly do DCA until you feel you have bought enough bitcoins or already have 1 BTC.

Lucius

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Quote from: buwaytress on February 06, 2023, 07:19:09 AM

^ Ah, I remember this Club 21. It was 2016 for me and I said, sure, I'd love to try for that, but maybe 1 BTC first -- I wasn't to know 2017 would leave all those plans far, far behind haha.

I don't know exactly when this idea was first mentioned, but I found a topic from 2017 in which you also participated, and at the time 21 BTC didn't seem like a big number to most people - although according to your calculation it only took about $40 000 to become a member of that club.

Quote from: buwaytress on February 06, 2023, 07:19:09 AM

I don't think most people, myself included, could ever hope for that membership even today, even at sub 20k, but I'd like to think that at some faraway but not too distant point in the future, even 1 BTC would be some hell of a fallback plan!

I agree that it is an unattainable goal for most, especially if someone is starting from scratch, and even if you had 10 BTC it would still be a big challenge. In that case, selling those 10 BTC at the peak and then buying after a 60-70% correction would definitely be a ticket to that club.

CageMabok

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Quote from: MoonOfLife on February 05, 2023, 10:50:53 PM

Quote from: Z390 on February 04, 2023, 02:40:22 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.

0.1 BTC is not much, but you can hold them even less than 0.1 you also can hold. Bitcoin investment is an investment according to each person's ability, if you do not have too much money, then invest little by little and accumulate them when possible. There is no rule about holding more or fewer bitcoins. Imagine that when bitcoin is worth 300k$-500k$/1 bitcoin, then 0.1BTC is also a huge amount.

For me 0.1 BTC is a huge amount right now even though the price of Bitcoin isn't very high right now. And it's true as you said that is a pretty decent amount to make an investment in the long term because that amount will also get bigger when the Bitcoin price hits the next ATH. This is the great thing about Bitcoin because it can be bought by everyone with such limited abilities and in this year I will also try to earn 0.1 BTC in order to be able to invest in Bitcoin in the long term

Topic: Enough? - page 4. (Read 830 times)