^ 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 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!
Topic: Enough? - page 5. (Read 753 times)
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For me, in bitcoin terms, enough would be the 1% of the network, so, if there are 21M BTC the 1% would be 0.21M BTC or 210,000 BTC.
For me, in bitcoin terms, enough would be the 1% of the network, so, if there are 21M BTC the 1% would be 0.21M BTC or 210,000 BTC.
Don't you think that 1% of all possible BTC is too much? Even at today's prices, 210 000 BTC is an amount that even the biggest Bitcoin bulls like Saylor or the Winklevoss twins don't have - and realistically nobody needs that much wealth. In some earlier days, there was some idea about joining the 21 BTC club, and I think that this amount for the future is quite enough to make everyone a millionaire in USD or EUR.
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.
From my perspective investment of long-term in cryptocurrency or bitcoin in particular doesn't have a specific price tag someone or investors can stake for long term investment. Because it's obviously known that Bitcoin investment is determine by your funds and mostly a spare funds if really you want to make profit via the investment of cryptocurrency, so i believe that any amount of value is due for your prospective objectives towards your investment duration. If OP's plan is to hold for another 10 years that 0.1 may ultimately become something big. We'd have to know OP's end game financial target as well. 0.1 BTC could be more than enough for a teenager whose plan is to buy a motorcycle and travel the country when he finishes school. It wouldn't be enough for someone who wants to travel around the world with this money.
What is the price that you're aiming for OP? I won't touch my coins at least until we go beyond 100 thousand dollars. Anyting below 50 000 is a bargain for me and I'm buying. I have more than 0.1 because I live in Europe, where small house can cost you over $150 000.
0.1 btc right now is over 2k dollars which is more than enough for a motorcycle but buying one only for the sake of traveling may not really be a good idea but it is if we will use it as a service for work because public transportation on our area is rare. To travel the world is not necessary. What can you get with it other than expenses?What is the price that you're aiming for OP? I won't touch my coins at least until we go beyond 100 thousand dollars. Anyting below 50 000 is a bargain for me and I'm buying. I have more than 0.1 because I live in Europe, where small house can cost you over $150 000.
But, it's fine if you are doing it for the purpose of business. Traveling and relaxing can mostly be done by the elites right now and not by an average individual. It doesn't matter where you live. Poor or rich country but it's about your goals. If you are too ambitious then you will not limit your self but you will always aim for more.
Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
0.1 BTC is not much, but you can hold them even less than 0.1 you also can hold. Bitcoin investment is an investment according to each person's ability, if you do not have too much money, then invest little by little and accumulate them when possible. There is no rule about holding more or fewer bitcoins. Imagine that when bitcoin is worth 300k$-500k$/1 bitcoin, then 0.1BTC is also a huge amount.
Pointless question without knowing cost of living in your region, your lifestyle preferences, family status and other needs. 0.1 BTC is nothing in the rich Western countries and a treasure in poor developing countries. 0.1 BTC is not enough if you have 10 children, but can sustain you for a long time if you are single and have no kids. Rent is usually one of the biggest points of spendings, so if you already have a house, you will need less money.
Don't forget about his end goal for that 0.1.
If OP's plan is to hold for another 10 years that 0.1 may ultimately become something big. We'd have to know OP's end game financial target as well. 0.1 BTC could be more than enough for a teenager whose plan is to buy a motorcycle and travel the country when he finishes school. It wouldn't be enough for someone who wants to travel around the world with this money.
What is the price that you're aiming for OP? I won't touch my coins at least until we go beyond 100 thousand dollars. Anyting below 50 000 is a bargain for me and I'm buying. I have more than 0.1 because I live in Europe, where small house can cost you over $150 000.
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.
Pointless question without knowing cost of living in your region, your lifestyle preferences, family status and other needs. 0.1 BTC is nothing in the rich Western countries and a treasure in poor developing countries. 0.1 BTC is not enough if you have 10 children, but can sustain you for a long time if you are single and have no kids. Rent is usually one of the biggest points of spendings, so if you already have a house, you will need less money.
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 you had a choice between 1 bitcoin and 10 bitcoins, would you choose 1 bitcoin? I believe anyone will choose 10bitcoin without any further thought. This means there will be no concept of enough or not, our greed is bottomless. If you still have the ability to accumulate more than 0.1 bitcoin, then why stop? Keep accumulating to the best of your ability because the more bitcoins you own, your future will be happier. Honestly, I'm holding more than 1 bitcoin, but I never feel enough.
There's no need to compare. We have different capabilities as an investor. Bottomline is the amount you will invest should be an amount you can afford to lose if incase. Ofcourse what is ideal to have is bigger capital because it would simply generate bigger profit but also, it could yield to bigger loss. Risk will always be present. Even if you can invest 10BTC in an instant, but if you cannot manage the risks and will just hold for years, how long could you bear with it? Emergencies happen without any warning. Bottomline is, no matter how big or small your investment is, as long as you can make the right decision, you'd earn profit. And that is simply the same goal to each and every one of us here in this industry.
You're not going to get big returns with just 0.1 BTC, but it can still be fun to invest when you see a run-up in price, and hopefully you will hold onto it for many years as Bitcoin becomes more mature and more widely adopted as a currency. I think it should be enough. Because on the long term I think Bitcoin will price over $100.000 future.
But Enough for what... Enough to avoid working the last year of your life? Enough to buy a mansion? Enough to see how your kinds and their kids have never to work again?
Enough is a tricky word and when we talk about money the answer is always the same... there will never be Enough.
For me, in bitcoin terms, enough would be the 1% of the network, so, if there are 21M BTC the 1% would be 0.21M BTC or 210,000 BTC.
Enough is a tricky word and when we talk about money the answer is always the same... there will never be Enough.
For me, in bitcoin terms, enough would be the 1% of the network, so, if there are 21M BTC the 1% would be 0.21M BTC or 210,000 BTC.
(....)
What do you feel about this? 0.1 BTC good enough or not.
This will always depend on you. You will base how much 0.1 BTC is for you, are you afford to lose 0.1 BTC? If yes, then it's all good. If no, then 0.1 BTC is too much for you.What do you feel about this? 0.1 BTC good enough or not.
Always follow the famous line on investing, "Invest what you afford to lose", I always agree to that everytime because, investing is not always guaranteed, there are lot of people already lost their savings or being in too much debt because of their investment went to the wrong side.
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.
I think no matter how much you invest in btc, it will never be enough. That is, I advise you not to limit yourself to the amount of 0.1BTC and put aside all the extra and free money into it. Much better than if you don't spend money on all sorts of nonsense and knick-knacks that you will eventually forget about and put in a closet drawer, buy btc for them. This will allow you to save money for more valuable and important things. Firstly, because of the profitability of bitcoin, and secondly, you will not want to trade your bitcoin for some junk. If you had money on hand, it would be easier, and this creates an artificial barrier against senseless spending.A 0.1BTC bar is good, and striving for that mark will get you there faster. Don't limit yourself to this level and come up with the next 0.2BTC value you're trying to reach. I think 0.1BTC is not enough and try to save as much as possible. Either for yourself or for your descendants.
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.
I don't think it is a question about is 0.1BTC enough but how long are you willing to continue going or DCAing? Your extra income is not going to end at a particular time, is it? People that DCA continues to do so because they can afford to spend that amount weekly, monthly or otherwise but unless your side hustle is ending at a particular time which you have calculated will come to 0.1BTC then that is what you have and it also depends on the country you are and the market price. What 0.1BTC is worth now will not be the same during ATH so just keep doing what you can and don't stress about it. ~snop1
For some saving 0.05 is hard, but there are whales who can simply stash 1 Bitcoin and even more.
For some saving 0.05 is hard, but there are whales who can simply stash 1 Bitcoin and even more.
What would you call those who can afford to buy hundreds or tens of thousands of BTC? 1 BTC is not so difficult to reach in developed countries where the standard is quite high, but in some poor countries it is a wealth that hardly anyone can even imagine. Millionaires and billionaires will always be at an advantage to buy BTC, regardless of the price - everyone else will continue to buy, but the amounts will decrease over time.
As for the OP's question, maybe he has read various analyzes somewhere about how much BTC an individual will need in order to become rich in the future and live the lifestyle he wants, but without knowing where the OP lives or where he plans to spend the future, it is difficult to give an answer to his question. 0.1 BTC at the price of 1 BTC = $100,000 is $10,000, and now the question is what someone can do with that money - for some it's a lot, for others it doesn't mean much.
For those who wonder how much is enough, I suggest reading the following thread posted by @fillippone -> A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle?
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.
I think it depends on you. People who can't easily earn that amount of Btc will surely believe that it's enough for investment and there's also not. So if it's not enough for you, you have to get an extra job so that you can add more to your investment. Always use your extra money in investing to avoid stress and that's what I'm doing.
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.
I don't think there is a ball park figure in our investments, of course it's better if we can get 1 BTC, but still depends on your budget and your risk appetite in your bitcoin investment.
For some saving 0.05 is hard, but there are whales who can simply stash 1 Bitcoin and even more.
So don't force yourself and put too much pressure, just try to accumulate as much as you can. Also remember that this is like a marathon and not a sprint, save for the long run and you will be good.
1bitcoin is equal to 1btc. Regardless of its value. So asking this question is hard to answer for its value now, maybe it has a future returns when it goes ballistic in the future. But you could always increase your asset slowly and dont get pressure if you have less bitcoin since not all can have 0.1btc some have real fraction since its expensive. For me its fine, what if btc value reach like 200k or 500k. Imagine 10% of that is worth a lot already.
In this case it depends on your thinking and of course the orientation says about enough or not it's different for everyone so there will indeed be those who say that it's enough because indeed that is the limit for them at 0.1 bitcoin and obviously there will also be those who say that this is not enough.
For me, even though 0.1 is still good enough, but as long as I have extra money, I will continue to add to it. I don't think it's a matter of being greedy or not, but I'm trying to take advantage of the momentum in all conditions, especially now.
For me, even though 0.1 is still good enough, but as long as I have extra money, I will continue to add to it. I don't think it's a matter of being greedy or not, but I'm trying to take advantage of the momentum in all conditions, especially now.
There is no limit to investing in bitcoin, especially for the long term because the more bitcoins you can have, the more likely you are to get huge profits. Maybe you can increase the amount of 0.1 BTC to even more to prepare yourself by saving BT for the long term. You just need to continue what you have started and not increase the amount of money to invest but stick to the amount as usual. And if you can do it regularly, your BTC amount will increase.
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